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Permanent Magnets Ltd

PERMAGN

Permanent Magnets Ltd

PERMAGN
MaterialsMetals - Diversified
SmallcapWith a market cap of ₹588 cr, stock is ranked 1,649
High RiskStock is 3.15x as volatile as Nifty
655.004.23% (-28.90)
655.004.23% (-28.90)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
MaterialsMetals - Diversified
SmallcapWith a market cap of ₹588 cr, stock is ranked 1,649
High RiskStock is 3.15x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsMetals - Diversified
SmallcapWith a market cap of ₹588 cr, stock is ranked 1,649
High RiskStock is 3.15x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
35.234.540.26%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
28.013.181.49%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The company is engaged in manufacturing of alnico cast magnets and yoke assemblies, and parts and accessories of electricity meters. Its products are used in electric vehicles, printed circuit board, electricity meters etc.

PE Ratio
40.30
1Y Return
60.36%
Buy Reco %
66.67
PE Ratio
16.51
1Y Return
5.14%
Buy Reco %
100.00
PE Ratio
52.87
1Y Return
35.83%
Buy Reco %
100.00
PE Ratio
10.38
1Y Return
12.17%
Buy Reco %
PE Ratio
317.30
1Y Return
74.01%
Buy Reco %
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2024TTM
Total Revenue205.93218.90
Raw Materialssubtract114.11181.40
Power & Fuel Costsubtract3.79
Employee Costsubtract11.85
Selling & Administrative Expensessubtract13.50
Operating & Other expensessubtract23.82
Depreciation/Amortizationsubtract9.0910.98
Interest & Other Itemssubtract2.333.24
Taxes & Other Itemssubtract8.286.59
EPS22.2819.41
DPS1.801.80
Payout ratio0.080.09

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
MaterialsMetals - Diversified

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Permanent Magnets Ltd30.694.540.26%
Vedanta Ltd40.304.066.42%
NLC India Ltd16.511.581.36%
Mishra Dhatu Nigam Ltd52.873.680.54%

Price Comparison

Compare PERMAGN with any stock or ETF
Compare PERMAGN with any stock or ETF
PERMAGN
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.01%0.00%0.12%0.40%41.47%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '240.42%0.42%0.00%0.40%0.40%0.40%

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 1, 2024

Final
Final | Div/Share: ₹1.80

Dividend/Share

1.80

Ex DateEx Date

Aug 1, 2024

Cash Dividend

Ex DateEx DateAug 23, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Aug 23, 2023

Cash Dividend

Ex DateEx DateAug 26, 2022

Final
Final | Div/Share: ₹1.20

Dividend/Share

1.20

Ex DateEx Date

Aug 26, 2022

Cash Dividend

Ex DateEx DateAug 9, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Aug 9, 2021

News & Opinions
Spotlight
Permanent Magnets slumps after dismal Q3 performance

Revenue from operations decreased by 2% YoY to Rs 49.35 crore during the period under review. Total operating expenses declined by 2% to Rs 43.06 crore in Q3 FY25 over Q3 FY24. EBITDA fell by 7% to Rs 6.29 crore in Q3 FY25 from Rs 6.80 crore in Q3 FY24. EBITDA margin in Q3 FY25 remained flat at 13%. Finance cost and depreciation charges for the December'24 quarter were Rs 1.03 crore (up 27% YoY) and Rs 3.17 crore (up 63% YoY), respectively. Profit before tax in Q3 FY25 stood at Rs 3.15 crore, down by 38% from Rs 5.11 crore in Q3 FY24. Sharad Taparia, managing director, said: 'Demand from the EV segment remains subdued. It is still premature to definitively state whether this segment has conclusively turned around. Our customers faced reduced demand in the domestic smart meters business resulting in lower business for PML. This contributed to a lower top line in Q3. A notable recent development, although after Q3 closing, was the licensing agreement with REL Developments Limited, United Kingdom to acquire the know-how and technical information for manufacturing and selling 'Latching Relays' within and outside India. This is a strategic development in our meters business segment.' Permanent Magnets manufactures alnico magnets, magnetic assemblies, hi-permeability magnetic components, and parts and accessories of electricity meters. Its manufacturing facility located at Mira road, Mumbai. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
Permanent Magnets standalone net profit declines 32.68% in the December 2024 quarter

Net profit of Permanent Magnets declined 32.68% to Rs 3.07 crore in the quarter ended December 2024 as against Rs 4.56 crore during the previous quarter ended December 2023. Sales declined 2.36% to Rs 49.34 crore in the quarter ended December 2024 as against Rs 50.53 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales49.3450.53 -2 OPM %13.6014.01 - PBDT6.917.52 -8 PBT4.235.83 -27 NP3.074.56 -33 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Permanent Magnets schedules board meeting

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Permanent Magnets announces board meeting date

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Permanent Magnets standalone net profit declines 49.18% in the September 2024 quarter

Net profit of Permanent Magnets declined 49.18% to Rs 3.73 crore in the quarter ended September 2024 as against Rs 7.34 crore during the previous quarter ended September 2023. Sales declined 5.79% to Rs 50.60 crore in the quarter ended September 2024 as against Rs 53.71 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales50.6053.71 -6 OPM %13.0221.45 - PBDT7.5811.95 -37 PBT5.569.93 -44 NP3.737.34 -49 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Permanent Magnets declare Quarterly Result

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Permanent Magnets standalone net profit declines 15.32% in the June 2024 quarter

Net profit of Permanent Magnets declined 15.32% to Rs 5.75 crore in the quarter ended June 2024 as against Rs 6.79 crore during the previous quarter ended June 2023. Sales rose 24.47% to Rs 54.32 crore in the quarter ended June 2024 as against Rs 43.64 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales54.3243.64 24 OPM %15.9222.39 - PBDT9.5110.54 -10 PBT7.749.31 -17 NP5.756.79 -15 Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Permanent Magnets schedules board meeting

Permanent Magnets will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Permanent Magnets schedules AGM

Permanent Magnets announced that the 63th Annual General Meeting (AGM) of the company will be held on 9 August 2024.Powered by Capital Market - Live

7 months agoCapital Market - Live

The complexity of transforming rare earths from mine to magnet

1 year agoEconomic Times

Frequently asked questions

  1. What is the share price of Permanent Magnets Ltd (PERMAGN) today?

    The share price of PERMAGN as on 11th March 2025 is ₹655. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Permanent Magnets Ltd (PERMAGN) share?

    The past returns of Permanent Magnets Ltd (PERMAGN) share are
    • Past 1 week: -4.01%
    • Past 1 month: -26.60%
    • Past 3 months: -35.83%
    • Past 6 months: -31.76%
    • Past 1 year: -31.98%
    • Past 3 years: 57.31%
    • Past 5 years: 659.11%

  3. What are the peers or stocks similar to Permanent Magnets Ltd (PERMAGN)?

    The peers or stocks similar to Permanent Magnets Ltd (PERMAGN) include:

  4. What is the dividend yield % of Permanent Magnets Ltd (PERMAGN) share?

    The current dividend yield of Permanent Magnets Ltd (PERMAGN) is 0.26.

  5. What is the market cap of Permanent Magnets Ltd (PERMAGN) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Permanent Magnets Ltd (PERMAGN) is ₹588.05 Cr as of 11th March 2025.

  6. What is the 52 week high and low of Permanent Magnets Ltd (PERMAGN) share?

    The 52-week high of Permanent Magnets Ltd (PERMAGN) is ₹1350 and the 52-week low is ₹650.

  7. What is the PE and PB ratio of Permanent Magnets Ltd (PERMAGN) stock?

    The P/E (price-to-earnings) ratio of Permanent Magnets Ltd (PERMAGN) is 30.69. The P/B (price-to-book) ratio is 4.54.

  8. Which sector does Permanent Magnets Ltd (PERMAGN) belong to?

    Permanent Magnets Ltd (PERMAGN) belongs to the Materials sector & Metals - Diversified sub-sector.

  9. How to buy Permanent Magnets Ltd (PERMAGN) shares?

    You can directly buy Permanent Magnets Ltd (PERMAGN) shares on Tickertape. Simply sign up, connect your demat account and place your order.