Permanent Magnets

₹1070 -20.3 | 1.9%

WEBSITE BSE:504132 NSE : PERM MAGNETS 10 May, 16:01

Market Cap ₹920 Cr.

Stock P/E 52.0

P/B 7.2

Current Price ₹1070

Book Value ₹ 149.3

Face Value 10

52W High ₹1721

Dividend Yield 0.14%

52W Low ₹ 860

Edit Ratio

Permanent Magnets Research see more...

Overview Inc. Year: 1960Industry: Electric Equipment

Permanent Magnets Ltd is engaged in production of alnico forged magnets and yoke assemblies, and parts and accessories of electricity meters. The Company operates in magnetics and its programs section. Its merchandise include magnetic cores and shields, shunts, magnetic lifters, magnetic separators, electro magnets, retrieving magnets, office and workshop, magnets, zamak, ophthalmic endo light vitreo retinal (VR), current transformers, annealing offerings, relays and maintaining lifters. Its magnetic assemblies department manufactures domestic and workplace gadgets, including magnetic knife holders, magnetic device holders and magnetic sweepers, amongst others. It manufactures various shunts, which encompass Full Manganin shunt, Electron beam (EB) Welded Shunts, Manganin shunts for electric powered vehicles (EV) and Manganin or CuNi44 shunt for printed circuit board (PCB). The Company additionally supplies brass terminals, neutral blocks, brass screws and other brass connectors utilized in electricity meters.

Permanent Magnets Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Permanent Magnets Quarterly Results

#(Fig in Cr.)	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Net Sales	15	32	32	37	32	31	28	39	35	46
Other Income	0	-0	0	0	1	1	1	1	1	1
Total Income	16	32	32	38	33	32	29	40	36	47
Total Expenditure	13	25	25	28	25	25	22	30	30	35
Operating Profit	3	6	7	9	7	7	6	10	7	12
Interest	-0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	5	6	8	6	6	5	8	6	10
Provision for Tax	1	2	2	2	2	2	1	2	1	3
Profit After Tax	2	4	5	6	5	5	4	6	4	8
Adjustments	0	0	0	-0	0	0	0	0	0	0
Profit After Adjustments	2	4	5	6	5	5	4	6	4	8
Adjusted Earnings Per Share	1.8	4.2	5.3	7.5	5.5	5.4	4.2	7	4.9	8.9

Permanent Magnets Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	49	55	59	67	72	93	121	107	117	130	183	148
Other Income	1	1	2	0	1	0	1	3	1	4	5	4
Total Income	49	55	61	68	73	93	122	109	118	133	188	152
Total Expenditure	45	52	56	64	69	84	98	86	91	103	141	117
Operating Profit	4	3	5	4	5	9	24	23	26	31	47	35
Interest	3	3	3	2	2	2	2	1	1	1	1	0
Depreciation	1	1	1	1	1	1	2	3	3	4	5	4
Exceptional Income / Expenses	-2	0	0	0	0	1	0	0	0	0	0	0
Profit Before Tax	-3	-1	1	1	1	7	21	19	22	26	40	29
Provision for Tax	0	0	0	-0	0	1	6	5	6	7	10	7
Profit After Tax	-3	-1	0	1	1	5	15	14	16	19	30	22
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-3	-1	0	1	1	5	15	14	16	19	30	22
Adjusted Earnings Per Share	-3	-0.8	0.5	1.1	1.4	6.3	17.2	16.7	18.8	22.1	34.6	25

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	41%	20%	14%	14%
Operating Profit CAGR	52%	27%	39%	28%
PAT CAGR	58%	29%	43%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	4%	58%	49%	60%
ROE Average	31%	29%	36%	19%
ROCE Average	41%	38%	44%	27%

Permanent Magnets Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	11	11	11	12	13	18	33	48	64	82	111
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	5	3	3	4	4	3	2	2	2	2	4
Other Non-Current Liabilities	1	0	-0	-0	-0	-0	-0	2	1	0	-1
Total Current Liabilities	37	35	36	34	30	38	31	20	26	30	36
Total Liabilities	54	49	50	49	46	58	66	72	92	114	149
Fixed Assets	5	3	3	4	4	5	5	9	8	10	14
Other Non-Current Assets	1	2	2	2	2	1	1	1	2	7	14
Total Current Assets	48	44	45	43	40	53	60	61	83	97	121
Total Assets	54	49	50	49	46	58	66	72	92	114	149

Permanent Magnets Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	4	2	2	2	0	0	0	1	2	3	1
Cash Flow from Operating Activities	3	4	4	5	9	1	10	11	6	4	11
Cash Flow from Investing Activities	-1	1	-1	-3	-2	-2	-2	-2	-2	-4	-10
Cash Flow from Financing Activities	-3	-6	-3	-2	-7	1	-7	-9	-3	-3	-1
Net Cash Inflow / Outflow	-1	-1	0	0	0	-0	1	1	1	-3	1
Closing Cash & Cash Equivalent	3	2	2	2	0	0	1	2	3	1	1

Permanent Magnets Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-2.98	-0.83	0.48	1.08	1.38	6.3	17.22	16.65	18.77	22.15	34.6
CEPS(Rs)	-1.98	0.13	1.78	2.68	3.01	7.78	19.03	20.13	22.6	26.87	40.98
DPS(Rs)	0	0	0	0	0	0	0	0	1	1.2	1.5
Book NAV/Share(Rs)	13.09	12.27	12.63	13.72	15.1	21.39	38.67	55.68	74.46	95.62	129.03
Core EBITDA Margin(%)	6.32	4.72	3.96	5.11	4.53	9.1	18.97	19.33	21.66	20.67	22.61
EBIT Margin(%)	1.88	4.57	6.26	3.52	4.41	9.28	18.49	19.06	19.6	20.44	22.59
Pre Tax Margin(%)	-5.13	-1.27	0.85	1.21	1.97	7.44	17.21	17.77	18.7	19.74	21.87
PAT Margin (%)	-5.13	-1.27	0.69	1.34	1.65	5.84	12.25	13.44	13.83	14.7	16.28
Cash Profit Margin (%)	-3.42	0.21	2.53	3.32	3.6	7.21	13.54	16.24	16.65	17.84	19.28
ROA(%)	-4.7	-1.38	0.84	1.89	2.5	10.34	23.82	20.84	19.68	18.43	22.58
ROE(%)	-20.41	-6.52	3.88	8.23	9.58	34.5	57.33	35.3	28.84	26.04	30.8
ROCE(%)	2.62	7.9	12.58	8.25	11.6	29.93	60.27	44.35	39.49	35.09	40.88
Receivable days	70.98	83.53	93.72	90.65	96	96.46	91.78	101.27	94.11	96.27	86.29
Inventory Days	228.35	180.64	148.69	113.23	87.88	55.93	46.72	63.02	62.96	82.15	90.56
Payable days	208.04	196.51	173.21	164.35	156.09	144.61	124.5	124.77	121.11	145.24	107.2
PER(x)	0	0	26.88	13.37	13.84	13.65	9.39	4.25	10.22	18.8	26.17
Price/Book(x)	0.44	0.56	1.03	1.06	1.26	4.02	4.18	1.27	2.58	4.35	7.02
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.52	0.29	0.17
EV/Net Sales(x)	0.53	0.44	0.48	0.42	0.36	0.91	1.2	0.51	1.23	2.67	4.23
EV/Core EBITDA(x)	6.48	7.17	5.73	7.42	5.71	9.49	6.05	2.35	5.5	11.32	16.53
Net Sales Growth(%)	3.56	12.42	7.62	14.91	6.65	28.96	30.26	-11.82	9.5	11	41.1
EBIT Growth(%)	-77.34	172.38	47.79	-35.3	30.01	171.33	159.69	-9.11	12.56	15.76	55.95
PAT Growth(%)	-13.23	72.23	158.53	124.29	27.23	356.12	173.49	-3.28	12.7	18.01	56.23
EPS Growth(%)	-13.23	72.23	158.54	124.29	27.23	356.1	173.49	-3.28	12.7	18.01	56.23
Debt/Equity(x)	2.03	1.89	1.71	1.52	0.93	0.77	0.25	0.04	0.03	0.03	0.05
Current Ratio(x)	1.29	1.25	1.25	1.28	1.33	1.39	1.94	3.13	3.24	3.26	3.4
Quick Ratio(x)	0.49	0.53	0.6	0.69	0.83	1.04	1.37	2.14	2.41	2.01	1.91
Interest Cover(x)	0.27	0.78	1.16	1.52	1.81	5.05	14.43	14.74	21.93	29.34	31.26
Total Debt/Mcap(x)	4.63	3.36	1.67	1.43	0.73	0.19	0.06	0.03	0.01	0.01	0.01

Permanent Magnets Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	58.02	58.02	58.02	58.02	58.02	58.01	58.01	58.01	58.01	58.01
FII	0	0	0	0	0	0	0	0.42	0.42	0
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.1	0.1	0.01
Public	41.97	41.97	41.97	41.97	41.97	41.98	41.98	41.47	41.47	41.98
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36
Others	0	0	0	0	0	0	0	0	0	0
Total	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86	0.86

Pros

Company has delivered good profit growth of 43% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29%
Debtor days have improved from 145.24 to 107.2days.
Company is almost debt free.

Cons

Stock is trading at 7.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Permanent Magnets

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Permanent Magnets Research see more...

Overview Inc. Year: 1960Industry: Electric Equipment

Permanent Magnets Share Price

Alert Data

Quarterly Price

Peer Comparison

Permanent Magnets Quarterly Results

Permanent Magnets Profit & Loss

Growth Rates

Permanent Magnets Balance Sheet

Permanent Magnets Cash Flow

Permanent Magnets Ratios

Permanent Magnets Shareholding Pattern

Permanent Magnets News

Top Unlisted Companies & InstaBuy Companies

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