Premier Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Premier Ltd trades at ₹2.8, in a downtrend and 19 weeks into that stage. That is −13.1% against its own 200-day average. It sits at 0% of a 52-week range of ₹3 to ₹4. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks.

Today the stock is in a downtrend — week 19 of stage 4, confirmed. At ₹2.8 it trades −13.1% versus its 200-day average and sits at 0% of its 52-week range (₹3–₹4).

Against the market, two honest reads. Cumulative: over the last 10.0 years the stock moved −91% while the NIFTY 500 moved +228% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 4 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

P/E does not price Premier Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. A P/E returns here the first period the bottom line turns positive.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read.

Premier Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The return-on-capital curve is not shown — net worth is negative, so a return on capital is not a meaningful number in any basis. This is a distressed balance sheet, and the stage is read from the growth curves alone.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

37.1/100 — rank 7 of 7 in Auto & Auto Ancl - CV · 35% evidence confidence · provisional, ranked below fully-evidenced peers

Premier Ltd scores 37.1 out of 100 against the 7 companies it is compared with in Auto & Auto Ancl - CV, ranking 7. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 19.1 + 5 + 10 + 3 = 37.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Premier Ltd reported ₹0.0 Cr of revenue in the Dec 25 quarter. The last full year, FY25, came in at ₹0.0 Cr. The last four reported quarters add to ₹0.0 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY25 revenue came in at ₹0.0 Cr (null on the year). The latest quarter (Dec 25) printed ₹0.0 Cr, null year on year.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

A clean operating margin is not in our numbers for Premier Ltd — its accounts do not report the operating-profit line this section reads, which is common for lenders and holding companies. The sections above and below carry the readings this company's filings do support.

This company's accounts do not report the operating-profit line this section reads — common for lenders and holding companies classified outside the financial bucket. The revenue and net-profit sections are the cleaner reads for Premier Ltd.

Why the margin moved: operating margin went +1,974.6 pp year on year while gross margin went −41.6 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Premier Ltd posted a net loss of ₹1.8 Cr in the Dec 25 quarter. The full FY25 year was a loss of ₹8.1 Cr. The same quarter a year earlier lost ₹1.9 Cr. 12 of the last 12 reported quarters were loss-making.

Dec 25 profit was ₹−1.8 Cr, null year on year. On the full year, FY25 printed ₹−8.1 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Premier Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY25 that was ₹−1.6 Cr of operating cash against ₹−8.1 Cr of profit. After ₹0.0 Cr of capital spending, ₹−2.0 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY25: operating cash of ₹−1.6 Cr against reported profit of ₹−8.1 Cr, leaving free cash of ₹−2.0 Cr after ₹0.0 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Premier Ltd's cash conversion cycle runs 0 days in FY23, down from 4,128 days in FY18. Capital spending ran ₹0.0 Cr over the last 3 years. Customers take 0 days to pay and stock waits 0 days to sell.

FY23: debtors at 0 days, inventory at 0 days — roughly 0.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 0 days, tighter than FY18's 4,128.

On the investment side: capital spending of ₹0.0 Cr over the last 3 fiscal years against ₹24.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹3.5 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Premier Ltd earns a ROCE of −43% in FY21. That is up from a trough of −100% in FY20. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −5,764.1% net margin on 0.00× asset turns.

FY21 ROCE is −43%, recovered from a FY20 trough of −100% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY22): −5,764.1% net margin × 0.00× asset turns × −0.65× balance-sheet leverage ≈ 0.0% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Premier Ltd's net worth is negative — it owes more than it owns — so a debt-to-equity ratio is not meaningful here. Operating profit covers the interest bill −1×. Over 5 years borrowings went from ₹47.8 Cr to ₹177 Cr. Capital spending ran ₹0.0 Cr across the last 3 of those years.

FY25: borrowings of ₹177 Cr against equity of ₹−338 Cr — net worth is NEGATIVE: the company owes more than it owns, so a debt-to-equity ratio is not meaningful (it just goes negative). This is a balance sheet under water. Operating profit covers the interest bill −1×. Over 5 years borrowings went from ₹47.8 Cr to ₹177 Cr while capital spending ran ₹0.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Premier Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 27.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −0.5 points over 8 quarters to 0.0%; Promoters: +0.0 points over 8 quarters to 27.4%; Domestic institutions: +0.0 points over 8 quarters to 5.8%.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Premier Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions