PREMIER - Premier

📊 NSE: PREMIER 🏢 Engineering 📅 Last Updated: 12/14/2025 11:13

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations for all segments is INR 0.00 (0% growth) for Q2 FY26 and H1 FY26, as manufacturing activities remain completely suspended.

Geographic Revenue Split

Not applicable (0% contribution) as the company reported zero revenue from operations across all regions due to suspended business activities.

Profitability Margins

Profitability margins are not calculable due to zero revenue. The company reported a Net Loss of INR 2.36 Cr for H1 FY26, compared to a loss of INR 8.14 Cr for the full year FY25.

EBITDA Margin

EBITDA margin is negative; the company incurred a loss before tax of INR 2.36 Cr in H1 FY26 against total income (primarily other income) of INR 2.21 Cr.

Capital Expenditure

Historical and planned CAPEX is INR 0.00 Cr; the company has not assessed the impairment of its existing tangible assets or capital work-in-progress despite suspended operations.

Credit Rating & Borrowing

The company is in Corporate Insolvency Resolution Process (CIRP). Total current borrowings stand at INR 167.11 Cr, with additional other financial liabilities of INR 278.48 Cr.

⚙️ Operational Drivers

Raw Materials

Not applicable (0% of total cost) as manufacturing operations for machine tools and automotive components are currently suspended.

Import Sources

Not disclosed in available documents due to the cessation of procurement activities during the CIRP.

Key Suppliers

Not disclosed; operations are suspended owing to a total lack of working capital to pay vendors.

Capacity Expansion

Current installed capacity is not utilized (0% utilization); there are no planned expansions as the company is managed by a Resolution Professional on a going concern basis during insolvency.

Raw Material Costs

Raw material costs were INR 0.00 (0% of revenue) for H1 FY26 due to the 100% suspension of production activities.

Manufacturing Efficiency

Manufacturing efficiency is 0% as all operations remain suspended during the half-year ended September 30, 2025.

Logistics & Distribution

Distribution costs are 0% of revenue as there were no sales of final products during the period.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

Growth is currently non-existent; any future recovery depends entirely on the successful approval of a resolution plan under the CIRP to infuse working capital and restart production of machine tools.

Products & Services

Historically manufactured CNC machine tools, heavy engineering equipment, and automotive components; currently zero output.

Brand Portfolio

PREMIER

New Products/Services

No new product launches; expected revenue contribution is 0% until the insolvency process is resolved.

Market Expansion

Market expansion plans are currently non-existent as the company focuses on legal resolution and insolvency proceedings.

Market Share & Ranking

Market share has effectively dropped to 0% in the machine tool and automotive segments due to suspended operations.

Strategic Alliances

None active; the company is under a moratorium as per Section 14 of the Insolvency and Bankruptcy Code.

🌍 External Factors

Industry Trends

The machine tool industry is moving toward Industry 4.0 and high-end CNC machines, but Premier is currently unable to participate, leading to a loss of competitive positioning.

Competitive Landscape

Competitors are gaining market share while Premier's operations remain suspended due to insolvency.

Competitive Moat

The company's moat has been completely eroded; net worth is negative INR 340.28 Cr, and operations are 100% suspended, removing any brand or cost leadership advantage.

Macro Economic Sensitivity

Highly sensitive to the legal and regulatory environment of the Insolvency and Bankruptcy Code (IBC), which dictates the company's survival.

Consumer Behavior

Demand for machine tools remains, but customers have shifted to reliable suppliers due to Premier's inability to fulfill orders.

Geopolitical Risks

Geopolitical risks are secondary to the internal financial crisis and insolvency proceedings currently halting all trade.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Insolvency and Bankruptcy Code (IBC) and the orders of the National Company Law Tribunal (NCLT).

Environmental Compliance

Not disclosed; compliance costs are likely minimal while the factory is inactive.

Taxation Policy Impact

Tax rate is 0% for the period as the company incurred significant losses; no provision for current tax was made.

Legal Contingencies

The company is in the Corporate Insolvency Resolution Process (CIRP). Net worth is completely eroded with a total equity of negative INR 340.28 Cr as of September 30, 2025.

⚠️ Risk Analysis

Key Uncertainties

Significant doubt exists regarding the entity's ability to continue as a going concern (100% risk factor) due to eroded net worth and suspended operations.