Permanent Magnets Ltd
About
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Permanent Magnets is one of the flagship Companies of Taparia Group, Mumbai and one of the leading manufacturers of Alnico Cast Magnets and Yoke Assemblies, Parts and accessories of electricity meters in the world. PML has started with supplies of Gas meters parts and accessories.
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- Market Cap ₹ 132 Cr.
- Current Price ₹ 153
- High / Low ₹ 183 / 50.1
- Stock P/E 9.66
- Book Value ₹ 61.7
- Dividend Yield 0.00 %
- ROCE 44.3 %
- ROE 35.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 102.52% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.01%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased by -2.53% over last quarter
Peer comparison
Sector: Consumer Durables Industry: Electronics - Components
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Quarterly Results
Figures in Rs. Crores
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
29.29 | 23.73 | 32.27 | 29.74 | 35.10 | 25.18 | 31.33 | 27.06 | 22.99 | 15.41 | 31.94 | 32.11 | |
24.91 | 20.35 | 26.84 | 23.97 | 26.78 | 21.19 | 26.22 | 21.78 | 16.81 | 12.79 | 25.43 | 24.85 | |
Operating Profit | 4.38 | 3.38 | 5.43 | 5.77 | 8.32 | 3.99 | 5.11 | 5.28 | 6.18 | 2.62 | 6.51 | 7.26 |
OPM % | 14.95% | 14.24% | 16.83% | 19.40% | 23.70% | 15.85% | 16.31% | 19.51% | 26.88% | 17.00% | 20.38% | 22.61% |
Other Income | 0.26 | 0.05 | 0.57 | 0.06 | 0.30 | 0.55 | 0.29 | 0.54 | 1.32 | 0.35 | -0.07 | 0.17 |
Interest | 0.55 | 0.23 | 0.76 | 0.12 | 0.41 | 0.25 | 0.16 | 0.11 | 0.81 | -0.02 | 0.34 | 0.21 |
Depreciation | 0.34 | 0.29 | 0.40 | 0.50 | 0.37 | 0.31 | 0.37 | 0.55 | 1.75 | 0.68 | 0.78 | 0.96 |
Profit before tax | 3.75 | 2.91 | 4.84 | 5.21 | 7.84 | 3.98 | 4.87 | 5.16 | 4.94 | 2.31 | 5.32 | 6.26 |
Tax % | 21.33% | 31.96% | 28.51% | 22.65% | 31.89% | 28.89% | 23.61% | 25.58% | 20.24% | 31.17% | 32.89% | 27.32% |
Net Profit | 2.94 | 1.97 | 3.46 | 4.03 | 5.34 | 2.83 | 3.72 | 3.84 | 3.94 | 1.58 | 3.58 | 4.55 |
EPS in Rs | 3.42 | 2.29 | 4.02 | 4.69 | 6.21 | 3.29 | 4.33 | 4.47 | 4.58 | 1.84 | 4.16 | 5.29 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
58 | 47 | 62 | 47 | 49 | 55 | 59 | 67 | 72 | 93 | 121 | 107 | 102 | |
65 | 45 | 58 | 43 | 45 | 52 | 54 | 64 | 69 | 84 | 98 | 86 | 80 | |
Operating Profit | -7 | 2 | 4 | 4 | 3 | 3 | 4 | 4 | 3 | 8 | 23 | 21 | 23 |
OPM % | -12% | 4% | 6% | 8% | 6% | 5% | 8% | 5% | 5% | 9% | 19% | 19% | 22% |
Other Income | 13 | 4 | 0 | 1 | -1 | 1 | 0 | 0 | 1 | 1 | 1 | 3 | 2 |
Interest | 3 | 4 | 3 | 6 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
Profit before tax | 2 | 0 | 0 | -2 | -3 | -1 | 1 | 1 | 1 | 7 | 21 | 19 | 19 |
Tax % | 15% | -8% | -9% | -40% | -0% | -0% | 18% | -11% | 16% | 22% | 29% | 24% | |
Net Profit | 2 | 0 | 0 | -2 | -3 | -1 | 0 | 1 | 1 | 5 | 15 | 14 | 14 |
EPS in Rs | 2.31 | 0.30 | 0.28 | -2.63 | -2.98 | -0.83 | 0.49 | 1.08 | 1.38 | 6.27 | 17.21 | 16.65 | 15.87 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 14% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 103% |
3 Years: | 129% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 53% |
3 Years: | 15% |
1 Year: | 64% |
Return on Equity | |
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10 Years: | 19% |
5 Years: | 34% |
3 Years: | 41% |
Last Year: | 35% |
Balance Sheet
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |
Reserves | 7 | 7 | 7 | 5 | 3 | 2 | 2 | 3 | 4 | 10 | 25 | 39 | 44 |
Borrowings | 16 | 22 | 22 | 24 | 23 | 20 | 19 | 18 | 12 | 14 | 8 | 2 | 2 |
27 | 22 | 30 | 19 | 21 | 20 | 21 | 20 | 22 | 27 | 25 | 23 | 22 | |
Total Liabilities | 59 | 60 | 69 | 56 | 55 | 50 | 51 | 50 | 47 | 59 | 67 | 73 | 77 |
4 | 6 | 5 | 5 | 5 | 3 | 3 | 4 | 4 | 5 | 5 | 9 | 8 | |
CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
Investments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 |
55 | 54 | 64 | 51 | 50 | 47 | 48 | 46 | 43 | 55 | 62 | 64 | 68 | |
Total Assets | 59 | 60 | 69 | 56 | 55 | 50 | 51 | 50 | 47 | 59 | 67 | 73 | 77 |
Cash Flows
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-12 | -0 | 3 | 2 | 3 | 4 | 4 | 5 | 9 | 1 | 10 | 12 | |
11 | -0 | -0 | -1 | -1 | 1 | -1 | -3 | -2 | -2 | -2 | -2 | |
-0 | 2 | -0 | -8 | -3 | -6 | -3 | -2 | -7 | 1 | -7 | -9 | |
Net Cash Flow | -1 | 2 | 3 | -7 | -1 | -1 | 0 | 0 | 0 | -0 | 1 | 1 |
Ratios
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
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ROCE % | -17% | 9% | 8% | 11% | 9% | 7% | 13% | 8% | 11% | 26% | 60% | 44% |
Debtor Days | 30 | 74 | 59 | 63 | 85 | 95 | 104 | 96 | 102 | 114 | 96 | 94 |
Inventory Turnover | 1.32 | 0.96 | 1.10 | 0.79 | 0.98 | 1.18 | 1.59 | 1.97 | 2.69 | 4.09 | 4.28 | 2.88 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Feb
- Outcome Of The Board Meeting 11 Feb
- Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2020 11 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Feb
View all