May 20, 2022 04:01 PM
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Premier Limited is a small-cap company that operates in the manufacturing of automobiles and machine tools. Premier limited has a market capitalization of INR 13.06 Crores as of 27th August 2021. In the year 1944, it became a corporation. At the end of F.Y 2020, it registered combined revenue of Rs 10 Crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned 500540 and scrip code PREMIER. As of 27th August ‘2021, Premier limited is trading at Rs. 4.18.
The company has manufactured commercial vehicles, tools & accessories of vehicles. Premier limited was the first company that introduces the diesel taxi in Mumbai. The product range includes Machine tools- Premier manufactures machine tools such as Special Purpose Machine, 3-axes, and 6-axes CNC gear hobbing machines, horizontal machining centres, vertical machining centres, and many more. 100% of the total turnover is from Machine tools, parts, and accessories for 2019. Pal Credit and Capital limited is the associate company of Premier limited by holding 27.31% shares. Promoters hold 44.95% shares in the company, and the rest is held by public shareholders (FII, mutual funds, etc.). The company has got ISO 9001-2015 certification, an updated version for product quality improvement and customer satisfaction. The overall workforce strength is 351. It has 59 engineers and technicians, constituting 40% of the total officer strength.
For the financial year ending in March 2020, EBIT was Rs 34 Crores from Rs -130 Crores in March 2019, reflecting sudden improvement. Net profit was Rs. -67 Crores as of 31st March ‘2020, up 65.82% from Rs. -196 Crores at the end of the financial year 2019. The company has seen a major increment in return on capital employed from -241.70% as of 31st March ‘2019 to 58.99% as of 31st March ‘2020. Also, return on assets has been increased from -30.55% at the end of the financial year 2019 to -23.12% as of 31st March 2020. Premier Limited’s stock is trading at 4.18 on BSE on 27th August ‘2021, which shows a return of 86.50% in the last six months and 86.50% in the previous year.
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|Face Value Equity Shares||:||10|
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