Is Permanent Magnets a good quality company?

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

Is Permanent Magnets 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 .

What is Permanent Magnets share price return in the past 10 years?

Permanent Magnets Ltd share price has appreciated 60.8% annually (CAGR) over the past ten years.

Is Permanent Magnets 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.

Permanent Magnets Ltd - Stock Valuation and Financial Performance

Name: Permanent Magnets
Brand: Permanent Magnets

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

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Permanent Magnets Share Price

₹894.50 65.60 7.91%
as on 03-Dec'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	7.9%	12.6%	8.3%	11.6%	29.9%	60.3%	44.4%	39.5%	35.1%	40.9%	-
Value Creation Index ⓘ	-0.4	-0.1	-0.4	-0.2	1.1	3.3	2.2	1.8	1.5	1.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	54.5	58.7	67.5	71.9	92.8	121	107	117	130	183	209
Sales YoY Gr.	-	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	21.1
YoY Gr.	-	-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	163.2
Adj Net Profit ⓘ	1.1	-1.1	1.4	0.5	4.7	14.3	12.8	16.1	17.3	27.1	18
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 ⓘ

	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	60.8%	57.4%	34%	-36.4%

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	14.4
Op. Profit Mgn % ⓘ	10.3	4.1	6.2	4.5	9.1	19	19.4	21.7	20.7	22.6	14
Net Profit Mgn % ⓘ	2.1	-1.8	2	0.6	5.1	11.8	12	13.8	13.3	14.8	8.7
Debt to Equity ⓘ	1.9	1.7	1.5	0.9	0.8	0.3	0	0	0	0.1	0.1
Working Cap Days ⓘ	297	271	231	209	177	164	192	181	212	212	125
Cash Conv. Cycle ⓘ	132	122	93	78	53	54	90	83	96	107	98

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%

Return on Equity has declined versus last 3 years average to 14.40%

Sales growth is not so good in last 4 quarters at 5.72%

Latest Financials - Permanent Magnets Ltd.

	Standalone	Consolidated
TTM EPS (₹)	21.1	21.5
TTM Sales (₹ Cr.)	209	215
BVPS (₹.) ⓘ	163.2	163.3
Reserves (₹ Cr.) ⓘ	132	132
P/BV ⓘ	5.08	5.08
PE ⓘ	39.38	38.55

From the Market
52 Week Low / High (₹)	799.95 / 1548.00
All Time Low / High (₹)	1.00 / 1721.00
Market Cap (₹ Cr.)	713
Equity (₹ Cr.)	8.6
Face Value (₹)	10
Industry PE ⓘ	94.3

Management X-Ray of Permanent Magnets:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.63

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

Valuation of Permanent Magnets

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Permanent Magnets

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	59	67	72	93	121	107	117	130	183	201
Operating Expenses ⓘ	56	64	69	84	98	86	91	103	141	166
Manufacturing Costs	8	10	11	12	16	16	17	21	27	29
Material Costs	38	41	45	56	64	51	56	59	92	111
Employee Cost	4	5	5	6	7	8	7	8	9	11
Other Costs ⓘ	7	8	8	10	11	12	11	15	14	14
Operating Profit ⓘ	2	4	3	8	23	21	25	27	41	35
Operating Profit Margin (%)	4.1%	5.3%	4.5%	9.1%	19.0%	19.3%	21.7%	20.7%	22.6%	17.6%
Other Income ⓘ	2	0	1	0	1	3	1	4	5	4
Interest ⓘ	3	2	2	2	2	1	1	1	1	2
Depreciation ⓘ	1	1	1	1	2	3	3	4	5	7
Exceptional Items ⓘ	0	0	0	1	0	0	0	0	0	0
Profit Before Tax ⓘ	1	1	1	7	21	19	22	26	40	31
Tax ⓘ	0	0	0	1	6	5	6	7	10	8
Profit After Tax	0	1	1	5	15	14	16	19	30	23
PAT Margin (%)	0.7%	1.4%	1.6%	5.8%	12.3%	13.4%	13.8%	14.7%	16.3%	11.3%
Adjusted EPS (₹)	0.5	1.1	1.4	6.3	17.2	16.7	18.8	22.2	34.6	26.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	5%	5%	4%	7%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	11	12	13	18	33	48	64	82	111	132
Share Capital ⓘ	9	9	9	9	9	9	9	9	9	9
Reserves ⓘ	2	3	4	10	25	39	55	74	102	124
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	18	18	12	14	8	2	2	3	6	12
Long Term Debt	3	4	4	3	2	2	2	2	4	10
Short Term Debt	15	14	8	11	6	0	0	1	2	2
Trade Payables	19	18	21	24	20	15	22	25	29	27
Others Liabilities ⓘ	2	2	1	2	5	7	4	5	3	9
Total Liabilities ⓘ	50	49	46	58	66	72	92	114	149	181
Fixed Assets
Gross Block	14	17	6	7	9	16	19	22	28	53
Accumulated Depreciation	11	13	1	3	4	7	11	12	14	21
Net Fixed Assetsⓘ	3	4	4	5	5	9	8	10	14	32
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	23	20	15	13	18	19	21	37	53	55
Trade Receivables	17	18	20	29	32	27	33	35	51	40
Cash Equivalents	2	2	2	3	3	8	23	15	12	40
Others Assetsⓘ	5	5	4	8	9	8	8	16	19	14
Total Assets ⓘ	50	49	46	58	66	72	92	114	149	181

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	4	5	9	1	10	11	6	4	11	19
PBT ⓘ	1	1	1	7	21	19	22	26	40	31
Adjustment ⓘ	4	3	3	2	3	3	4	5	7	9
Changes in Working Capital ⓘ	-0	1	5	-6	-8	-6	-14	-21	-27	-12
Tax Paid ⓘ	0	0	0	-1	-6	-5	-5	-6	-9	-9
Cash Flow From Investing Activity ⓘ	-1	-3	-2	-2	-2	-2	-2	-4	-10	-18
Capex	-1	-3	-2	-2	-2	-2	-2	-4	-10	-18
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-3	-2	-7	1	-7	-9	-3	-3	-1	2
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	1	0	-1	0	0	0	0	2	6
Interest Paid ⓘ	-3	-2	-2	-2	-2	-1	0	0	-1	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	-1	-1	-1
Others ⓘ	1	-2	-6	3	-5	-7	-2	-1	-2	-2
Net Cash Flow ⓘ	0	0	0	0	1	1	1	-3	1	3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.88	8.23	9.58	34.5	57.33	35.3	28.84	26.04	30.8	18.69
ROCE (%)	12.58	8.25	11.6	29.93	60.27	44.35	39.49	35.09	40.89	25.19
Asset Turnover Ratio	1.22	1.41	1.51	1.77	1.94	1.55	1.42	1.25	1.39	1.22
PAT to CFO Conversion(x)	N/A	5	9	0.2	0.67	0.79	0.38	0.21	0.37	0.83
Working Capital Days
Receivable Days	94	91	96	96	92	101	94	96	86	82
Inventory Days	149	113	88	56	47	63	63	82	91	98
Payable Days	173	164	156	145	125	125	121	145	107	93

Permanent Magnets Ltd Stock News

Permanent Magnets Ltd FAQs

What is the share price of Permanent Magnets?

Company share prices are keep on changing according to the market conditions. The closing price of Permanent Magnets on 03-Dec-2024 16:59 is ₹894.5.

What is the market cap of Permanent Magnets?

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 03-Dec-2024 16:59 the market cap of Permanent Magnets stood at ₹712.7.

What is the P/E ratio of Permanent Magnets?

The latest P/E ratio of Permanent Magnets as of 03-Dec-2024 16:59 is 39.38.

What is the P/B ratio of Permanent Magnets?

The latest P/B ratio of Permanent Magnets as of 03-Dec-2024 16:59 is 5.08.

What is the 52-week high and low of Permanent Magnets?

The 52-week high of Permanent Magnets is ₹1,548 and the 52-week low is ₹800.0.

What is the TTM revenue of Permanent Magnets?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Permanent Magnets is ₹209.0 ( 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. PMLâ€™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 PMLâ€™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: