Permanent Magnets Ltd - Stock Valuation and Financial Performance

BSE: 504132 | NSE: PERMAGNET | Electric Equipment | Small Cap

Permanent Magnets Share Price

964.55 -13.45 -1.38%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Permanent Magnets

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Permanent Magnets stock performance -

mw4me loader
P/E Ratio (SA):
30.17
Market Cap:
829.4 Cr.
52-wk low:
694
52-wk high:
1,721

Is Permanent Magnets Ltd an attractive stock to invest in?

1. Is Permanent Magnets Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Permanent Magnets Ltd is a good quality company.

2. Is Permanent Magnets Ltd undervalued or overvalued?

The key valuation ratios of Permanent Magnets Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Permanent Magnets Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Permanent Magnets Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Permanent Magnets:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Permanent Magnets Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.6%4.1%8.4%6.2%20.5%41.4%30%29%23.7%27.8%-
Value Creation
Index
-0.3-0.7-0.4-0.60.52.01.11.10.71.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 54.558.767.571.992.8121107117130183197
Sales YoY Gr.-7.6%14.9%6.6%29%30.3%-11.8%9.5%11%41.1%-
Adj EPS 1.3-1.21.60.55.516.614.918.720.131.632
YoY Gr.--193.1%NA-66.5%932.1%203.5%-10.5%25.6%7.5%57.3%-
BVPS (₹) 12.312.613.715.121.438.755.774.595.6129149.3
Adj Net
Profit
1.1-1.11.40.54.714.312.816.117.327.127
Cash Flow from Ops. 4.54.15.19.41.39.911.56.43.711.5-
Debt/CF from Ops. 4.54.63.51.311.10.90.20.30.80.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.4%14.5%19.7%41.1%
Adj EPS 42.4%42%28.5%57.3%
BVPS29.9%43.3%32.3%34.9%
Share Price 62.1% 43.9% 66.7% 36%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.3-9.8123.73055.331.528.723.628.123
Op. Profit
Mgn %
10.34.16.24.59.11919.421.720.722.621.1
Net Profit
Mgn %
2.1-1.820.65.111.81213.813.314.813.9
Debt to
Equity
1.91.71.50.90.80.30000.1-
Working Cap
Days
297271231209177164192181212212111
Cash Conv.
Cycle
1321229378535490839610783

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.70%

Net Profit is growing at healthy rate in last 3 years 28.53%

Sales growth is good in last 4 quarters at 16.33%

Return on Equity has declined versus last 3 years average to 23.00%

Latest Financials - Permanent Magnets Ltd.

Standalone Consolidated
TTM EPS (₹) 32 -
TTM Sales (₹ Cr.) 197 -
BVPS (₹.) 149.3 -
Reserves (₹ Cr.) 120 -
P/BV 6.46 -
PE 30.17 -
From the Market
52 Week Low / High (₹) 694.00 / 1721.00
All Time Low / High (₹) 1.00 / 1721.00
Market Cap (₹ Cr.) 829
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 77.1

Management X-Ray of Permanent Magnets:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.610.630.630.630.630.630.630.630.630.63
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Permanent Magnets

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5559677293121107117130183
Operating Expenses 5256646984988691103141
Manufacturing Costs881011121616172126
Material Costs31384145566451565992
Employee Cost 3455678789
Other Costs 10788101112111514
Operating Profit 324382321252741
Operating Profit Margin (%) 4.8%4.1%5.3%4.5%9.1%19.0%19.3%21.7%20.7%22.6%
Other Income 1201013145
Interest 3322221111
Depreciation 1111123345
Exceptional Items 0000100000
Profit Before Tax -111172119222640
Tax 00001656710
Profit After Tax -101151514161930
PAT Margin (%) -1.3%0.7%1.4%1.6%5.8%12.3%13.4%13.8%14.7%16.3%
Adjusted EPS (₹)-0.80.51.11.46.317.216.718.822.234.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%5%5%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 111112131833486482111
Share Capital 9999999999
Reserves 22341025395574102
Minority Interest0000000000
Debt181818121482236
Long Term Debt3344322224
Short Term Debt15151481160012
Trade Payables17191821242015222529
Others Liabilities 4221257453
Total Liabilities 4950494658667292114149

Fixed Assets

Gross Block14141767916192228
Accumulated Depreciation1011131347111214
Net Fixed Assets334455981014
CWIP 0000000000
Investments 0000000000
Inventories26232015131819213753
Trade Receivables14171820293227333551
Cash Equivalents 2222338231512
Others Assets455489881619
Total Assets 4950494658667292114149

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4459110116411
PBT -111172119222640
Adjustment 4433233457
Changes in Working Capital 1-015-6-8-6-14-21-27
Tax Paid 0000-1-6-5-5-6-9
Cash Flow From Investing Activity 1-1-3-2-2-2-2-2-4-10
Capex 1-1-3-2-2-2-2-2-4-10
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity -6-3-2-71-7-9-3-3-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3010-100002
Interest Paid -3-3-2-2-2-2-100-1
Dividend Paid 00000000-1-1
Others 01-2-63-5-7-2-1-2
Net Cash Flow -10000111-31
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-6.523.888.239.5834.557.3335.328.8426.0430.8
ROCE (%)7.912.588.2511.629.9360.2744.3539.4935.0940.88
Asset Turnover Ratio1.091.221.411.511.771.941.551.421.251.39
PAT to CFO Conversion(x)N/AINF590.20.670.790.380.210.37
Working Capital Days
Receivable Days849491969692101949686
Inventory Days18114911388564763638291
Payable Days197173164156145125125121145107

Permanent Magnets Ltd Stock News

Permanent Magnets Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Permanent Magnets on 18-Mar-2024 16:59 is ₹964.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Mar-2024 16:59 the market cap of Permanent Magnets stood at ₹829.4.
The latest P/E ratio of Permanent Magnets as of 18-Mar-2024 16:59 is 30.17.
The latest P/B ratio of Permanent Magnets as of 18-Mar-2024 16:59 is 6.46.
The 52-week high of Permanent Magnets is ₹1,721 and the 52-week low is ₹694.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Permanent Magnets is ₹197.3 ( Cr.) .

About Permanent Magnets Ltd

Permanent Magnets Ltd, is one of the flagship companies of Taparia Group, Mumbai and also one of the five leading manufacturers of Alnico Cast Magnets and Yoke Assemblies in the world. It is a front-runner among young, dynamic and growing companies in India. It was established in 1961 at Mumbai. It has Sales Offices at Delhi, Mumbai, and Bangalore. PML magnets are used extensively in key sectors of Indian industry such as electronics, electricity meters, automobile industries, telecommunication, defense, space research, aeronautics, railways and electricity generation.

Permanent Magnets is the largest producer of Alnico magnets in India. PML’s customer base is large and wide spread. It has 70% market share in India and a very respectable presence in Europe, USA, Australia, South America, South East Asia, Egypt and Malaysia. The customers are largely OEM's. PML sells to the trade also. PML started operations with the Alnico facility in 1963. This capability was augmented and upgraded with the technical support of Sumitomo Special Metals Co. of Japan. The current manufacturing capacity is 400 T per annum of cast alloy permanent magnets.

PML began manufacturing magnets in 1963 in collaboration with Centro Magneti Permanenti of Italy. Production began with a 400-tonne capacity plant for Cast Alnico magnets at PML’s Borivali Plant, in Mumbai. New grades of Alnicos were introduced with a technology tie-up in 1983 with Sumitomo Special Metal Co. (a leading Japanese manufacturer.

Success led to diversification and growth. Magnetic Systems were added to production lines and  special applications cell handles industrial problems of separation, conveying, lifting, etc. 

Product range of the company includes:

  • Mu Metal Components
  • Standard Magnetic Assemblies
  • Custom Magnetic Assemblies
  • Alnico Magnets
  • Ferrite Magnets
  • NdFeB Magnets
  • Assembly For Energy Meters
  • Cow Magnets

Achievements/ recognition:

  • An ISO:9001:2000 certified company.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.