1:5 Stock Split: Defence Stock Set To Trade Ex-Split Next Week, Rs 2.5 Dividend Soon

Small cap stock operating in defence sector, Premier Explosives Ltd shares will trade ex-split next week as the Board of Directors have already fixed June 21, 2024 as the record date for sub-division of shares. Last trading price of Premier Explosives share on BSE is Rs 3527.55 per share. The company's market capitalisation stood at Rs 3,792.91 crore. Premier Explosives shares offered eye-popping returns of 151% in last 3-months and 690% in last 1-year.

Premier Explosives also recommended dividend rewards of Rs 2.5 per equity share of the face value of Rs 10/- each for the FY ended March 31, 2024. Record date for dividend will soon be declared in due course. Check details below:

Premier Explosives Ltd To Trade Ex-Split: According to the company's exchange filing generated as on May 30, "fixed Friday, 21st June, 2024 as the Record Date, to ascertain the name of the shareholders entitled for the sub-division/ split of existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 5 (Five) Equity Shares of Rs. 2/- each fully paid up."

Premier Explosives Dividend: The BSE filing of May 30 stated, "recommended a dividend of Rs.2.50/- (Le., 25%) per equity share of Rs. 10/- each for the financial year ended March 31, 2024, subject to approval of the members at the ensuing 44th Annual General Meeting (AGM) of the Company. The dividend, if approved by the Shareholders, will be paid with 30 days of approval/declaration. The AGM date and book closure / record date for the purpose of payment of dividend will be informed in due course."

Premier Explosives Q4: It recorded a rally of 180.08% in net profit for the quarter ended March 2024 to Rs 6.75 crore as against Rs 2.41 crore announced in the similar quarter of March 2023. Sales of Premier Explosive soared 65.88% to Rs 86.79 crore for the March 2024 quarter from Rs 52.32 crore declared in March 2023. Premier Explosive for the quarter ended March 31, 2024 announced its revenue from operations at Rs 87.24 crore as compared to Rs 52.45 crore in the corresponding quarter of last year. Profit before tax of the company for March 2024 quarter announced at Rs 10.33 crore as compared to Rs 2.96 crore in the corresponding quarter of last year. Total expenses of Premier Explosives for the March 2024 quarter announced at Rs 76.91 crore from Rs 49.48 crore in the similar quarter of last year.

Premier Explosives Share Performance: The 52-week high price of Premier Explosives shares on BSE is Rs 3,653.15 per share (as on 14/06/2024) and 52-week low price is Rs 420.00 per share (as on 16/06/2023), respectively. Premier Explosives shares offered eye-catching returns to investors. Premier Explosives shares offered 49% return in last 1-month, gained 126% year-to-date, zoomed 1024% in last 2-years, and surged 2400% in last 3-years. In last 5-years, Premier Explosives shares offered return of 1681%.

Premier Fundraising: The BSE filing said, "raising of funds through issuance of instruments or security including equity shares or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering, in one or more of the tranches for an aggregate amount not exceeding Rs. 400 crores (Rupees Four Hundred Crores) in terms of the SEBI ICDR Regulations and/or any other permissible mode(s), in accordance with the SEBI ICDR Regulations and other applicable regulations."

Premier Explosives Dividend History & Shareholding: Premier Explosives announced 21 dividends since September 3, 2001. In last 1-year, Premier Explosives announced an equity dividend amounting to Rs 1.70 per share. At the current share price of Rs 2525.00, Premier Explosives offers dividend yield of 0.07%. FII/FPI have decreased holdings from 0.32% to 0.27% in March 2024 quarter. Number of FII/FPI investors increased from 6 to 11 in March 2024 quarter. Mutual Funds have increased holdings from 8.65% to 9.29% in Mar 2024 quarter. Institutional Investors have increased holdings from 9.59% to 10.54% in Mar 2024 quarter, according to Trendlyne. FIIs stake stood at 0.3% and DII stake at 10.3%.

About: Premier Explosives Limited is a Rs.2600 million company established in 1980. Since inception it has been a research and innovation orieted company by manufacturing explosives and detonators with totally indigenous technology in 1980's and 1990's. In 2013, PEL started commercial-scale manufacture of detonators with Nickel Hydrazine Nitrate (NHN)as primary charge emerging as the world first to do so. Extending its research forte to defence products, in 2003 PEL forayed into development of solid propellants and today it is the only private entity in India manufacturing and supplying solid propellants for prestigious missiles like Akash, Astra, LRSAM, etc, according to BSE filing.

Disclaimer: The stock highlights the stock split, Q4, dividend, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.