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Permanent Magnets Ltd - Stock Valuation and Financial Performance

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

Permanent Magnets Share Price

1,010.65 125.10 14.13%
as on 18-Jul'25 16:59

Permanent Magnets Ltd - Stock Valuation and Financial Performance

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

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):
57.28
Market Cap:
869 Cr.
52-wk low:
600
52-wk high:
1,092.8

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.3%11.6%29.9%60.3%44.4%39.5%35.1%40.9%25.2%15.1%-
Value Creation
Index
-0.4-0.21.13.32.21.81.51.90.80.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 67.571.992.8121107117130183201200200
Sales YoY Gr.-6.6%29%30.3%-11.8%9.5%11%41.1%10.3%-1%-
Adj EPS 1.60.55.516.614.918.720.131.624.716.317.6
YoY Gr.--66.5%932.1%203.5%-10.5%25.6%7.5%57.3%-21.6%-34%-
BVPS (₹) 13.715.121.438.755.774.595.6129153.9169.8169.8
Adj Net
Profit
1.40.54.714.312.816.117.327.121.314.115
Cash Flow from Ops. 5.19.41.39.911.56.43.711.519.435.3-
Debt/CF from Ops. 3.51.311.10.90.20.30.80.50.70.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.8%13.4%15.5%-1%
Adj EPS 29.6%1.9%-6.6%-34%
BVPS32.3%25%21.1%10.3%
Share Price 54.2% 57% 44.6% -3.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
123.73055.331.528.723.628.117.510.110.4
Op. Profit
Mgn %
6.24.59.11919.421.720.722.617.613.713.6
Net Profit
Mgn %
20.65.111.81213.813.314.810.677.6
Debt to
Equity
1.50.90.80.30000.10.10.10.1
Working Cap
Days
231209177164192181212212210203129
Cash Conv.
Cycle
93785354908396107118121101

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.50%

Return on Equity has declined versus last 3 years average to 10.40%

Net Profit has been subdued in last 3 years -6.61%

Sales growth is not so good in last 4 quarters at 0.20%

Latest Financials - Permanent Magnets Ltd.

Standalone Consolidated
TTM EPS (₹) 17.6 18.3
TTM Sales (₹ Cr.) 200 205
BVPS (₹.) 169.8 167.5
Reserves (₹ Cr.) 137 135
P/BV 5.95 6.03
PE 57.28 55.21
From the Market
52 Week Low / High (₹) 600.00 / 1092.75
All Time Low / High (₹) 1.00 / 1721.00
Market Cap (₹ Cr.) 869
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 62.3

Management X-Ray of Permanent Magnets:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.630.630.630.630.630.630.630.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Permanent Magnets

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales677293121107117130183201200
Operating Expenses 646984988691103141166172
Manufacturing Costs10111216161721272932
Material Costs4145566451565992111111
Employee Cost 556787891112
Other Costs 881011121115141417
Operating Profit 43823212527413527
Operating Profit Margin (%) 5.3%4.5%9.1%19.0%19.3%21.7%20.7%22.6%17.6%13.7%
Other Income 0101314545
Interest 2222111123
Depreciation 1112334579
Exceptional Items 0010000000
Profit Before Tax 11721192226403120
Tax 00165671085
Profit After Tax 11515141619302315
PAT Margin (%) 1.4%1.6%5.8%12.3%13.4%13.8%14.7%16.3%11.3%7.6%
Adjusted EPS (₹)1.11.46.317.216.718.822.234.626.417.6
Dividend Payout Ratio (%)0%0%0%0%0%5%5%4%7%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 12131833486482111132146
Share Capital 9999999999
Reserves 341025395574102124137
Minority Interest0000000000
Debt18121482236129
Long Term Debt44322224108
Short Term Debt148116001221
Trade Payables18212420152225292720
Others Liabilities 21257453912
Total Liabilities 494658667292114149181187

Fixed Assets

Gross Block17679161922285385
Accumulated Depreciation1313471112142130
Net Fixed Assets44559810143254
CWIP 0000000000
Investments 0000000000
Inventories20151318192137535553
Trade Receivables18202932273335514039
Cash Equivalents 223382315124019
Others Assets54898816191421
Total Assets 494658667292114149181187

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 591101164111935
PBT 11721192226403120
Adjustment 33233457911
Changes in Working Capital 15-6-8-6-14-21-27-129
Tax Paid 00-1-6-5-5-6-9-9-5
Cash Flow From Investing Activity -3-2-2-2-2-2-4-10-18-27
Capex -3-2-2-2-2-2-4-10-18-27
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity -2-71-7-9-3-3-12-8
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 10-1000026-2
Interest Paid -2-2-2-2-100-1-1-1
Dividend Paid 000000-1-1-1-2
Others -2-63-5-7-2-1-2-2-4
Net Cash Flow 000111-3130
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.239.5834.557.3335.328.8426.0430.818.6910.9
ROCE (%)8.2511.629.9360.2744.3539.4935.0940.8925.1915.11
Asset Turnover Ratio1.411.511.771.941.551.421.251.391.221.08
PAT to CFO Conversion(x)590.20.670.790.380.210.370.832.33
Working Capital Days
Receivable Days919696921019496868272
Inventory Days113885647636382919899
Payable Days1641561451251251211451079378

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-Jul-2025 16:59 is ₹1,010.7.
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-Jul-2025 16:59 the market cap of Permanent Magnets stood at ₹869.0.
The latest P/E ratio of Permanent Magnets as of 18-Jul-2025 16:59 is 57.28.
The latest P/B ratio of Permanent Magnets as of 18-Jul-2025 16:59 is 5.95.
The 52-week high of Permanent Magnets is ₹1,092.8 and the 52-week low is ₹600.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Permanent Magnets is ₹199.5 ( 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.
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