Permanent Magnets Ltd.

PERMAGN

₹912.6

-0.14% (-1.3)

Market Cap

₹786 Cr.

P/E

49.89

About

Permanent Magnets, a flagship company of Taparia Group in Mumbai, is a leading manufacturer of Alnico Cast Magnets and Yoke Assemblies. Established in 1984, the company produces magnetic assemblies fo… Read more

Permanent Magnets, a flagship company of Taparia Group in Mumbai, is a leading manufacturer of… Read more

Low

600

52W Range

High

1199

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

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In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	—	—	—	—	—	—	—	—	40.09	50.10
Shareholders Funds	—	—	—	—	—	—	—	—	130	144
Profit & Loss
Operating Profit	—	—	—	—	—	—	—	—	34.42	30.44
Net Sales	—	—	—	—	—	—	—	—	201	205
Cash flow
Cash from Operating Activity	—	—	—	—	—	—	—	—	23.56	38.10
Net Capex (est)	—	—	—	—	—	—	—	—	26.24	28.02
Ratios
ROCE (%)	—	—	—	—	—	—	—	—	20.39	—
ROE (%)	—	—	—	—	—	—	—	—	14.77	—

Forensics

11 Yes

Positive for this company

3 Neutral

Neutral for this company

3 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance

Price & Performance

ROE

Asset turnover is responsible for roe increase over last 10 years
Share price

Share price has increased over last 10 years due to earnings
Current vs Historic Valuation

Company is trading at a discount to 3yr historic valuations
Debt

Company should not have issues servicing its debt
Sales Growth

Sales of the company has grown at a good pace
ROCE Strength

Roce of the company is consistently strong
Capex vs ROCE

Company has made significant capex which might be affecting its roce
Balance Sheet Strength

Balance sheet of the company is strong. but it might have issues paying it suppliers
Working Capital

Company has significant working capital which is dragging its roce and roe
Margin Stability

Margins of the company are volatile

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Verticals

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Permanent Magnets	913.9	49.89	786	58.01	-15.52	20.39	14.77
HPL Electric	544.4	37.24	3,492	72.66	16.14	16.63	5.26
Genus Power Infra	370.5	36.14	11,254	39.38	122.98	11.1	5.52
TVS Electronics	442.8	0.00	824	59.91	18.01	1.13	0.27
Creative Newtech	692.9	19.59	1,041	56.6	32.5	29.25	20.43
Richa Info Systems	80.95	15.96	84	12.61	—	12.98	5.97
Cerebra Integ. Tech	6.58	0.00	74	0.84	-83.41	-18.3	-22.79
Compuage Infocom	2.12	0.00	18	42.65	-69.83	18.77	130.27

Corporate Actions

Consolidated Dividend

DATE

DETAILS

2024, Aug 01

Dividend Dividend of Rs.1.8 per share

2023, Aug 23

Dividend Dividend of Rs.1.5 per share

2022, Aug 26

Dividend Dividend of Rs.1.2 per share

2021, Aug 09

Dividend Dividend of Rs.1 per share

FAQs on Permanent Magnets Ltd. Business

What does Permanent Magnets do?

Permanent Magnets is a prominent manufacturer of Alnico Cast Magnets and Yoke Assemblies for various industries including electronics, automobile, defense, and power generation. They have been producing magnetic assemblies like Separators and lifting devices since 1984.

Who are the competitors of Permanent Magnets?

Permanent Magnets major competitors are HPL Electric, Genus Power Infra, TVS Electronics, Creative Newtech, Richa Info Systems, Cerebra Integ. Tech, Compuage Infocom.
Market Cap of Permanent Magnets is ₹786 Crs.
While the median market cap of its peers are ₹824 Crs.

Is Permanent Magnets financially stable compared to its competitors?

Permanent Magnets seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

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Company Filing

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Earnings Release		Jun Sep Dec	Jun Sep Dec
Investor Presentation	May	Mar	Mar	Jun	Mar
Conference Call	Mar	Mar Sep	Mar Sep
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Discussions & Analysis

Permanent Magnets Ltd.

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Permanent Magnets Ltd.