Premier Energies Secures ₹2,289 Crore Stake Sale as Promoters Offload to Top Buyers Including Quant and Nomura.
Premier Energies has recently witnessed a significant change in its ownership structure, as members of the promoter family sold shares worth approximately Rs 2,289 crore through a large block deal. According to the National Stock Exchange’s bulk deal data, the promoter group entities divested a total of 2.39 crore shares at a price of Rs 955 each. Notably, prominent sellers included Surenderpal Singh Saluja, who sold 1.56 crore shares, alongside other family members contributing to the total offloading. This transaction attracted multiple institutional investors, including the Smallcap World Fund Inc and Quant Mutual Fund, signaling sustained interest in the solar equipment sector amid India’s shift towards renewable energy and domestic manufacturing solutions.
The financial performance of Premier Energies further enhances its attractiveness to investors. The company reported a robust 38% year-on-year revenue increase for Q4 FY26, reaching Rs 2,230 crore, while profit after tax surged by 64% to Rs 450 crore. Additionally, the EBITDA for this quarter rose by 28%, indicating strong operational performance even as the EBITDA margin contracted to 30%. With a current module manufacturing capacity of 11.1 GW and ongoing projects set to expand cell capacity to 10.6 GW, the company’s expansion efforts position it favorably in the burgeoning solar market. The recent commissioning of a 5.6 GW module facility in Telangana is expected to bolster production capabilities and meet growing demand.
Looking ahead, Premier Energies is aggressively pursuing expansion plans with substantial capital expenditure of Rs 5,100 crore allocated for FY27, targeting enhancements across various segments, including solar cells and ingot-wafer manufacturing. Elara Securities has responded positively to these developments, maintaining an “Accumulate” rating and raising its target price to Rs 1,052 from Rs 886. The brokerage anticipates that the company will emerge as a leader among India’s solar equipment manufacturers by FY28, thanks to its strategic focus on backward integration and large-scale capacity additions. Additionally, Premier Energies is diversifying its portfolio through investments in transformers and power equipment, which further strengthens its growth trajectory within the renewable energy sector, amidst favorable policy incentives and increasing domestic demand.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)