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BSE: 504132 | NSE: PERMAGNET | Electric Equipment | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| 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 | -0.6 | 0.5 | 2.0 | 1.1 | 1.1 | 0.7 | 1.0 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 54.5 | 58.7 | 67.5 | 71.9 | 92.8 | 121 | 107 | 117 | 130 | 183 | 191 | ||
| YoY Gr. Rt. % | - | 7.6% | 14.9% | 6.6% | 29% | 30.3% | -11.8% | 9.5% | 11% | 41.1% | - | ||
| Adj EPS ⓘ | 1.3 | -1.2 | 1.6 | 0.5 | 5.5 | 16.6 | 14.9 | 18.7 | 20.1 | 31.6 | 37.6 | ||
| YoY Gr. Rt. % | - | -193.1% | NA | -66.5% | 932.1% | 203.5% | -10.5% | 25.6% | 7.5% | 57.3% | - | ||
| BVPS (₹) ⓘ | 12.3 | 12.6 | 13.7 | 15.1 | 21.4 | 38.7 | 55.7 | 74.5 | 95.6 | 129 | 136.9 | ||
| Adj Net Profit ⓘ | 1.1 | -1.1 | 1.4 | 0.5 | 4.7 | 14.3 | 12.8 | 16.1 | 17.3 | 27.1 | 32 | ||
| Cash Flow from Ops. ⓘ | 4.5 | 4.1 | 5.1 | 9.4 | 1.3 | 9.9 | 11.5 | 6.4 | 3.7 | 11.5 | - | ||
| Debt/CF from Ops. ⓘ | 4.5 | 4.6 | 3.5 | 1.3 | 11.1 | 0.9 | 0.2 | 0.3 | 0.8 | 0.5 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | ||||||||
| BVPSⓘ | 29.9% | 43.3% | 32.3% | 34.9% | ||||||||
| Share Price | 76.2% | 57.8% | 132.5% | 200.5% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 10.3 | -9.8 | 12 | 3.7 | 30 | 55.3 | 31.5 | 28.7 | 23.6 | 28.1 | 28.3 | |
| Op. Profit Mgn % ⓘ | 10.3 | 4.1 | 6.2 | 4.5 | 9.1 | 19 | 19.4 | 21.7 | 20.7 | 22.6 | 23.9 | |
| Net Profit Mgn % ⓘ | 2.1 | -1.8 | 2 | 0.6 | 5.1 | 11.8 | 12 | 13.8 | 13.3 | 14.8 | 16.9 | |
| Debt to Equity ⓘ | 1.9 | 1.7 | 1.5 | 0.9 | 0.8 | 0.3 | 0 | 0 | 0 | 0.1 | - | |
| Working Cap Days ⓘ | 297 | 271 | 231 | 209 | 177 | 164 | 192 | 181 | 212 | 212 | 0 | |
| Cash Conv. Cycle ⓘ | 132 | 122 | 93 | 78 | 53 | 54 | 90 | 83 | 96 | 107 | 0 | |
Return on Equity has increased versus last 3 years average to 28.30%
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 46.81%
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| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 37.6 | - |
| TTM Sales (₹ Cr.) | 191 | - |
| BVPS (₹.) ⓘ | 136.9 | - |
| Reserves (₹ Cr.) ⓘ | 109 | - |
| P/BV ⓘ | 10.75 | - |
| PE ⓘ | 39.12 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 461.50 / 1721.00 |
| All Time Low / High (₹) | 1.00 / 1721.00 |
| Market Cap (₹ Cr.) | 1,265 |
| Equity (₹ Cr.) | 8.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 70.3 |
| Pledged * | 0.61 | 0.61 | 0.61 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
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:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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