Permanent Magnets Ltd (PERMAGN)

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Permanent Magnets Ltd (PERMAGN) · mywealthgrid

About

Permanent Magnets Ltd operates in the Other Electrical Equipment segment within industrials. With a market capitalization of ₹715.86 crore, the company maintains concentrated promoter ownership at 58%.

Face value: ₹10

Market cap

₹741 Cr

P/E

45.9×

P/B

5.1×

Dividend yield

0.5%

ROE

10.9%

ROCE

14.6%

Debt / equity

0.08

OPM

13.6%

EPS (TTM)

₹18.8

Book value

₹169.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compression from 23.78% (Mar 2021) to 13.64% (current) indicates persistent cost or pricing pressures. Verify root causes and whether management has a turnaround plan.
Elevated valuation at PE 44.36 against ROE of 10.9% is demanding. Verify what earnings growth or margin recovery the market is pricing in.
Revenue volatility swung from ₹15.41 Cr (Jun 2020) to ₹37.22 Cr (Mar 2021) in recent quarters. Verify whether this reflects project-based cyclicality, customer concentration, or broader demand fluctuations.
Weak capital efficiency: ROE of 10.9% is modest. Verify whether recent quarters show improving returns or if valuation rests on outdated projections.

Generated analysis · source review pending

Growth drivers

Margin recovery potential: Operating margins reached 26.88% (Mar 2020) and 23.78% (Mar 2021). If the company restores 20%+ OPM from current 13.64%, earnings expand without revenue growth.
Strong balance sheet: Debt-to-equity of 0.08 is exceptionally low. Verify whether management plans to deploy this financial capacity for growth investments or strategic acquisitions.
Electrical equipment sector exposure: Verify company's addressable end-markets and exposure to growing applications in renewable energy, industrial automation, or EV components.
Stable cash generation: Regular dividend payouts since 2022 indicate reliable cash flows. Verify whether cash generation can sustain both dividends and organic growth investment.

Generated analysis · source review pending

2,287 historical price candles were omitted because the exchange source has not been verified.

₹861.3+2.9%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.1% (3-yr avg)
+High return on capital employed of 26.8%
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 10.3×

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

48/100

Business quality: 49
Growth: 65
Valuation: 30

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	63	71	92	121	107	117	130	183	201	200
COGS	—	—	-56	-47	-51	56	59	92	111	111
Gross profit	—	—	—	—	—	61	71	91	90	88
	64	68	141	145	137	35	44	50	55	61
Operating profit (EBITDA)	-0	4	8	23	21	25	27	41	35	27
OPM %	-0.4%	5.2%	8.3%	18.9%	19.3%	21.6%	20.7%	22.6%	17.6%	13.6%
Depreciation	1	1	1	2	3	3	4	5	7	9
Interest	2	2	2	2	1	1	1	1	2	2
	0	0	1	1	3	1	4	5	4	5
Profit before tax	1	1	7	21	19	22	26	40	31	20
Tax	—	—	1	6	5	6	7	10	8	5
Tax %	—	—	21.7%	28.8%	24.4%	26%	25.5%	25.6%	26.5%	25.1%
	1	1	5	15	14	16	19	30	23	15
PAT margin %	1.5%	1.7%	5.9%	12.3%	13.4%	13.8%	14.7%	16.3%	11.3%	7.6%
EPS (₹)	1.1	1.4	6.3	17.3	16.6	18.8	—	—	—	—
EPS adjusted (₹)	—	—	—	—	—	18.8	22.1	34.6	26.4	17.6
	0%	0%	0%	0%	0%	5.3%	—	—	—	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	9	9	9	9	9
Reserves	55	74	102	124	137
	2	3	6	13	11
	28	31	34	37	33
Total equity & liabilities	94	116	151	183	190
	5	7	13	26	54
CWIP	—	—	—	—	—
Investments	0	0	0	0	0
	89	109	139	157	136
Total assets	94	116	151	183	190

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	6	4	11	19	35
	-2	-4	-10	-18	-27
	-3	-3	-1	2	-9
Net cash flow	1	-3	1	3	-0
Free cash flow	4	-0	2	1	9
CFO / Operating profit %	25.2%	13.7%	27.8%	54.6%	129.5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	52%	54.6%	49.7%	44.7%	44.3%
EBITDA margin %	8.3%	18.9%	19.3%	21.6%	20.7%	22.6%	17.6%	13.6%
EBIT margin %	6.9%	17.6%	16.5%	18.8%	17.5%	19.6%	14.2%	9%
PAT margin %	5.9%	12.3%	13.4%	13.8%	14.7%	16.3%	11.3%	7.6%
Working capital
Receivable days	—	—	—	103	100	102	72	72
Inventory days	—	—	—	137	232	212	180	174
Payable days	—	—	—	144	153	117	89	65
NWC days	—	—	—	95	179	197	162	181
Leverage
Current ratio	—	—	—	3.24	3.26	3.41	4.1	4.4
Debt to EBITDA	—	—	—	0.07	0.1	0.14	0.38	0.42
Debt to equity	—	—	—	0.03	0.03	0.05	0.1	0.08
Interest coverage	4.6	14.8	15.2	22.4	30.7	32.5	16.1	10.3
Asset turnover	—	—	—	1.24	1.12	1.21	1.1	1.05
Return ratios
Return on assets %	—	—	—	17.2%	16.4%	19.7%	12.4%	8%
Return on capital employed %	—	—	—	33.4%	34.2%	40.9%	25.1%	14.6%
Return on equity %	—	—	—	25.2%	23.2%	26.8%	17.2%	10.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%
	0.42%	0.42%	0%	0.4%	0.4%	0.4%	0%	0.03%	0.03%	0%	0%	0%
	0.1%	0.1%	0.01%	0.12%	0.12%	0.12%	0.01%	0.11%	0.02%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	41.47%	41.47%	41.98%	41.47%	41.47%	41.47%	41.98%	41.85%	41.94%	41.98%	41.98%	41.98%
No. of shareholders	—	—	—	—	—	—	—	—	18,745	18,551	18,063	17,574

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Permanent Magnets Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

6

Final dividend28 Jul 2026 · ex-date₹2.2
Final dividend30 Jul 2025 · ex-date₹2
Final dividend1 Aug 2024 · ex-date₹1.8
Final dividend23 Aug 2023 · ex-date₹1.5
Final dividend26 Aug 2022 · ex-date₹1.2
Dividend dividend9 Aug 2021 · ex-date₹1

1

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

30 Sept 2026, 12:03 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management

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Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	52%	54.6%	49.7%	44.7%	44.3%
EBITDA margin %	8.3%	18.9%	19.3%	21.6%	20.7%	22.6%	17.6%	13.6%
EBIT margin %	6.9%	17.6%	16.5%	18.8%	17.5%	19.6%	14.2%	9%
PAT margin %	5.9%	12.3%	13.4%	13.8%	14.7%	16.3%	11.3%	7.6%
Working capital
Receivable days	—	—	—	103	100	102	72	72
Inventory days	—	—	—	137	232	212	180	174
Payable days	—	—	—	144	153	117	89	65
NWC days	—	—	—	95	179	197	162	181
Leverage
Current ratio	—	—	—	3.24	3.26	3.41	4.1	4.4
Debt to EBITDA	—	—	—	0.07	0.1	0.14	0.38	0.42
Debt to equity	—	—	—	0.03	0.03	0.05	0.1	0.08
Interest coverage	4.6	14.8	15.2	22.4	30.7	32.5	16.1	10.3
Asset turnover	—	—	—	1.24	1.12	1.21	1.1	1.05
Return ratios
Return on assets %	—	—	—	17.2%	16.4%	19.7%	12.4%	8%
Return on capital employed %	—	—	—	33.4%	34.2%	40.9%	25.1%	14.6%
Return on equity %	—	—	—	25.2%	23.2%	26.8%	17.2%	10.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Apar Industries LimitedAPARINDSAPARINDS	₹70,945 Cr	₹71,785 Cr	₹24,389 Cr	₹2,159 Cr	8.2%	₹1,182 Cr	4.3%	32.6%	19.7%	30
Waaree Energies LimitedWAAREEENERWAAREEENER	₹67,322 Cr	₹69,813 Cr	₹30,043 Cr	₹6,351 Cr	22.3%	₹2,763 Cr	14.6%	39.7%	30.9%	95
Premier Energies LimitedPREMIERENEPREMIERENE	₹39,863 Cr	₹43,480 Cr	₹8,466 Cr	₹2,543 Cr	30.4%	₹1,665 Cr	19.3%	36.3%	42.4%	115
Mtar Technologies LimitedMTARTECHMTARTECH	₹24,015 Cr	₹24,384 Cr	₹1,080 Cr	₹228 Cr	19.5%	₹133 Cr	10.7%	17.2%	12.1%	419
Emmvee Photovoltaic Power LimitedEMMVEEEMMVEE	₹21,177 Cr	₹21,355 Cr	₹5,578 Cr	₹1,932 Cr	34.3%	₹1,274 Cr	21.4%	43.6%	51.1%	159
Diamond Power Infrastructure LimitedDIACABSDIACABS	₹18,182 Cr	₹20,711 Cr	₹2,298 Cr	₹270 Cr	11.7%	₹197 Cr	8.3%	12.4%	—	93
Avalon Technologies LimitedAVALONAVALON	₹15,232 Cr	₹15,415 Cr	₹1,764 Cr	₹201 Cr	10.8%	₹134 Cr	7.1%	23.4%	16.9%	160
Fujiyama Power Systems LimitedUTLSOLARUTLSOLAR	₹12,327 Cr	₹12,788 Cr	₹3,403 Cr	₹639 Cr	18.5%	₹294 Cr	11.5%	29.6%	23.9%	123
Genus Power Infrastructures LimitedGENUSPOWERGENUSPOWER	₹8,518 Cr	₹10,817 Cr	₹5,173 Cr	₹973 Cr	19.2%	₹652 Cr	12.5%	31%	29%	188
Waaree Renewable Technologies LimitedWAAREERTLWAAREERTL	₹8,436 Cr	₹8,517 Cr	₹3,652 Cr	₹697 Cr	19.2%	₹511 Cr	14.4%	84.1%	68.9%	37
Ram Ratna Wires LimitedRAMRATRAMRAT	₹5,752 Cr	₹6,407 Cr	₹6,047 Cr	₹310 Cr	5.1%	₹127 Cr	2.1%	30.4%	20.1%	33
Vikram Solar LimitedVIKRAMSOLRVIKRAMSOLR	₹5,594 Cr	₹5,694 Cr	₹5,232 Cr	₹800 Cr	19.1%	₹357 Cr	9.8%	31.4%	21.3%	11

1 deal · 11 Feb 2025 – 11 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Feb 2025	OPENXCELL TECHNOLABS PVT LTD	Bulk	BSE	Sell	44,396	₹927.96	₹4.12 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
30 Sept 2026, 12:03 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 11:57 am	Others Outcome without intimation	Board Meeting Outcome for Outcome Of Board Meeting Dated September 30, 2026	PDF
28 Sept 2026, 4:18 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
7 Sept 2026, 6:46 pm	Company Update Change in Corporate Office Address	Announcement under Regulation 30 (LODR)-Change in Corporate Office Address	PDF
3 Sept 2026, 11:01 am	Company Update Resignation of Chief Financial Officer (CFO)	Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)	PDF
27 Aug 2026, 3:43 pm	Company Update General	Intimation Of SEBI Circular No. SEBI/HO/MIRSD/MIRSD-POD/P/CIR/2025/97 Dated July 02, 2025 (Special Window For Re-Lodgement Of Transfer Requests Of Physical Shares)	PDF
27 Aug 2026, 12:41 pm	Company Update General	Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
18 Aug 2026, 8:32 pm	Company Update General	Permanent Magnets Ltd-$ - 504132 - Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015	PDF

Permanent Magnets Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

6

1

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

6

1

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Permanent Magnets Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends6

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Dividends6

Board meetings1

Quarterly record

Annual reports

Credit ratings

Investor Presentation and earnings call

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

6

1

6

1