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Permanent Magnets Ltd

PERMAGN

Permanent Magnets Ltd

PERMAGN
MaterialsMetals - Diversified
SmallcapWith a market cap of ₹762 cr, stock is ranked 1,580
High RiskStock is 3.05x as volatile as Nifty
888.502.13% (+18.50)
888.502.13% (+18.50)

Price Chart

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1M
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5Y
Max
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MaterialsMetals - Diversified
SmallcapWith a market cap of ₹762 cr, stock is ranked 1,580
High RiskStock is 3.05x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

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

Avg

The stock is overpriced but 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 ₹762 cr, stock is ranked 1,580
High RiskStock is 3.05x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
41.215.880.20%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
29.463.341.38%

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.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2024TTM
Total Revenue205.93220.08
Raw Materialssubtract114.11182.07
Power & Fuel Costsubtract3.79
Employee Costsubtract11.85
Selling & Administrative Expensessubtract13.50
Operating & Other expensessubtract23.82
Depreciation/Amortizationsubtract9.099.75
Interest & Other Itemssubtract2.333.02
Taxes & Other Itemssubtract8.286.75
EPS22.2821.50
DPS1.801.80
Payout ratio0.080.08

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 Ltd39.775.880.20%
Vedanta Ltd41.024.136.31%
NLC India Ltd19.551.871.15%
Mishra Dhatu Nigam Ltd63.564.420.45%

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%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.42%0.42%0.00%0.40%0.40%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

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
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

1 week 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

3 weeks 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

3 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

3 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

4 months agoCapital Market - Live

The complexity of transforming rare earths from mine to magnet

1 year agoEconomic Times
Permanent Magnets : Exploring Key Fundamentals And Targets with Sandeep Jain's Insights
1 year agoZee Business

Recycling permanent magnets for rare earths

1 year agoBusiness Standard

Permanent Magnets standalone net profit rises 152.50% in the December 2022 quarter

1 year agoBusiness Standard

How China’s pushback against US semiconductor restrictions could play out

2 years agoEconomic Times