Premier Explosives targets ₹600-700 cr revenue, nearly doubling its FY26 run rate.
A record ₹1,569 crore order book backs the guidance, but the Kattupalli plant is delayed again.
— 2 earlier stories on Premier Explosives Ltd. →What's new
- Management guided for ₹600-700 crore in FY27 revenue, a ~50% jump from ₹388 crore in FY26.
- The company holds a record order book of ₹1,569 crore, giving 4x revenue visibility over 2-3 years.
- Kattupalli RDX/HMX plant commissioning pushed to September 2026; production starts in November.
Why this matters
The guidance is ambitious, more than doubling the implied FY26 run-rate. The 4x order-book coverage makes it credible, but the plant delay is a timing risk. The raw-material bottleneck that hurt FY26 is resolved, per management.
What we're watching
- Execution on the FY27 revenue target against the ₹1,569 crore backlog.
- Progress at the Kattupalli plant post the September commissioning date.
- Raw-material supply stability now that DRDO has accepted alternatives.
The full read
Premier Explosives is targeting ₹600-700 crore in revenue for FY27, a jump of about 50% from the ₹388 crore it made last year. The company says a raw-material crunch that held it back is fixed, after DRDO accepted alternative inputs. A record order book of ₹1,569 crore gives management the confidence to guide for this pace. That backlog is nearly four times the FY26 revenue. The catch is a plant. The Kattupalli expansion is delayed again, now slated for commissioning in September 2026 with production starting in November. The guidance is the headline, but execution on both the backlog and the plant timeline will determine if it's met.
Questions answered
- Why did Premier Explosives miss its FY26 target?
- Management blamed a shortage of raw materials. The issue has now been resolved after DRDO accepted alternative inputs.
- How credible is the 50% revenue growth guidance?
- The company points to a record order book of ₹1,569 crore as backing. This provides revenue visibility of four times the current annual run-rate over two to three years.
- What is the delay at the Kattupalli plant?
- The RDX/HMX expansion at Kattupalli has been pushed back to September 2026 for commissioning, with production expected two months later in November. It's the latest in a series of timeline slips.
- What was the key outcome of the conference call?
- The call confirmed that a core operational problem, the raw-material crunch, is fixed. It also set a clear, aggressive growth target for the year ahead, backed by the order book.
Story so far
All notes on PREMEXPLN →- 30 May 2026 · 11:08 AM IST Premier Explosives targets ₹600-700 cr revenue, nearly doubling its FY26 run rate.
- 1d ago Premier Explosives' profit jumped 60% even as a plant accident bit.
- 1d ago Premier Explosives profit jumps 60% despite factory accident charge