Premier Energies Adjusts Quality Grade Amid Strong Sales and EBIT Growth

Premier Energies, a midcap player in the Other Electrical Equipment sector, has recently undergone a quality adjustment in its evaluation. The company has demonstrated notable sales growth over the past five years, with a figure of 107.40%. Additionally, its EBIT growth during the same period stands at an impressive 236.22%, indicating strong operational performance.
Financial metrics reveal that Premier Energies maintains a solid EBIT to interest ratio of 7.17, suggesting effective management of its interest obligations. The company's debt to EBITDA ratio averages at 5.71, while it boasts a net debt to equity ratio of 0.00, reflecting a debt-free position. The sales to capital employed ratio is recorded at 0.39, and the tax ratio is at 24.85%.

In comparison to its peers, Premier Energies holds an average quality rating, while Waaree Energies stands out with an excellent rating. Both NTPC Green Energy and Suzlon Energy also share an average quality assessment. This context highlights the competitive landscape within the industry, where Premier Energies is navigating its position amidst varying performance indicators.