Premier Polyfilm Ltd shares surged to hit a 20% upper circuit, currently trading at ₹48.94 per share, up from the previous close of ₹40.79. The strong market response follows the company's impressive Q3 FY26 financial results, which showcased robust growth across key performance metrics.

Strong Year-on-Year Performance in Q3 FY26

The company delivered exceptional year-on-year growth in the December 2025 quarter compared to Q3 FY25. The financial performance demonstrates the company's strong operational momentum across all key metrics.

Sequential Quarter Growth Trends

Premier Polyfilm also reported steady sequential growth in Q3 FY26 compared to Q2 FY26, indicating consistent operational improvement throughout the fiscal year.

Business Profile and Market Position

Premier Polyfilm Ltd operates as a leading Indian manufacturer specializing in PVC flooring, artificial leather, and specialty PVC films and sheets. The company serves diverse industries including:

• Automotive and transport sectors
• Healthcare industry
• Construction and interiors
• Swimming pool and geomembrane applications

The company's product portfolio includes artificial leather, PVC flooring, self-adhesive films, geomembranes, swimming pool liners, and noise barrier solutions.

Financial Health and Valuation Metrics

Premier Polyfilm demonstrates strong financial fundamentals with impressive profitability ratios. The company maintains a ROCE of 29.90% and ROE of 24.40%, reflecting efficient capital utilization and strong returns to shareholders.

Stock Performance Overview

Despite the recent surge, Premier Polyfilm shares have experienced mixed performance over different time horizons. The stock has declined 35% over the past year and fallen 7.50% in the last six months. However, the company has shown a strong rebound with a 17% gain in the past month, culminating in the current 20% upper circuit move following the quarterly results announcement.

Premier Energies has unveiled an ambitious ₹11,000 crore expansion strategy aimed at significantly scaling up its renewable energy manufacturing capabilities. The company plans to more than double its production capacity to meet growing domestic demand and capitalize on strong order momentum in the solar energy sector.

Expansion Details and Capacity Enhancement

The comprehensive expansion plan will add substantial manufacturing capacity across two states. According to Vinay Rustagi, Chief Business Officer at Premier Energies, the company will establish 7.4 GW of additional cell manufacturing capacity in Andhra Pradesh and 6 GW of module capacity in Telangana.

Funding Structure and Financial Backing

The company has secured a well-diversified funding arrangement to support this massive expansion initiative. The financing strategy demonstrates strong institutional confidence in Premier Energies' growth prospects and market positioning.

Market Demand and Order Book Strength

The expansion decision is underpinned by robust market fundamentals and strong customer demand. Premier Energies currently maintains a substantial order book of ₹13,000 crore in the domestic market alone, providing visibility for the next year of operations. The company's existing cell capacity has received approval under the government's ALMM framework, which supports India's manufacturing vision by promoting local production and reducing import dependency.

The ALMM initiative by the Ministry of New and Renewable Energy aligns with the company's expansion strategy, as it encourages domestic manufacturing while generating employment opportunities. Premier Energies has also been exporting cells to the US market, demonstrating its international competitiveness.

Vertical Integration Strategy

Beyond capacity expansion, Premier Energies plans to achieve greater vertical integration by entering ingot and wafer manufacturing. This backward integration strategy aims to make the company one of the largest integrated renewable energy equipment manufacturers globally outside China.

This comprehensive integration approach is designed to enhance operational resilience and align with the government's objective of making India self-sufficient in solar manufacturing. The move will provide Premier Energies with greater control over its supply chain and manufacturing processes, potentially improving margins and reducing dependency on external suppliers.