Permanent Magnets Ltd

Permanent Magnets Ltd

₹ 1,078 1.84%
26 Feb - close price
About

Permanent Magnets Limited (PML) is a Mumbai based, one of the flagship Companies of Taparia Group. It is manufacturer and exporter of Magnetic assemblies, shunt assemblies & brass terminals, Alnico Cast. (Magnets and Yoke Assemblies, Parts and accessories of electricity meters in the world. PML has further started with supplies of Gas meters parts and accessories. [1]

Key Points

Pioneer in Magnet Manufacturing
Permanent Magnets Limited (PML) is one of the first magnet manufacturers in India. [1]

  • Market Cap 927 Cr.
  • Current Price 1,078
  • High / Low 1,721 / 694
  • Stock P/E 33.7
  • Book Value 144
  • Dividend Yield 0.14 %
  • ROCE 40.1 %
  • ROE 30.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 45.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%

Cons

  • Stock is trading at 7.49 times its book value
  • Promoter holding has decreased over last 3 years: -9.18%

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
32.11 37.22 31.52 31.50 27.65 38.85 35.03 45.52 52.82 49.38 43.64 53.71 50.53
24.85 28.37 25.40 24.65 22.36 30.38 29.73 35.04 40.52 36.20 33.87 42.19 43.45
Operating Profit 7.26 8.85 6.12 6.85 5.29 8.47 5.30 10.48 12.30 13.18 9.77 11.52 7.08
OPM % 22.61% 23.78% 19.42% 21.75% 19.13% 21.80% 15.13% 23.02% 23.29% 26.69% 22.39% 21.45% 14.01%
0.17 0.44 1.20 0.52 0.99 1.04 1.27 1.31 1.47 1.29 0.95 0.60 1.04
Interest 0.21 0.49 0.18 0.22 0.26 0.20 0.06 0.28 0.43 0.38 0.18 0.17 0.60
Depreciation 0.96 0.87 0.76 0.88 1.23 1.19 0.92 1.22 1.45 1.91 1.23 2.02 1.69
Profit before tax 6.26 7.93 6.38 6.27 4.79 8.12 5.59 10.29 11.89 12.18 9.31 9.93 5.83
Tax % 27.32% 18.92% 25.39% 26.16% 24.84% 25.49% 25.04% 25.56% 23.55% 27.75% 27.07% 26.08% 21.78%
4.55 6.42 4.77 4.63 3.60 6.05 4.20 7.66 9.09 8.80 6.79 7.34 4.56
EPS in Rs 5.29 7.47 5.55 5.38 4.19 7.04 4.88 8.91 10.57 10.23 7.90 8.54 5.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
47 49 55 59 67 72 93 121 107 117 130 183 197
43 45 52 54 64 69 84 98 86 91 103 141 156
Operating Profit 4 3 3 4 4 3 8 23 21 25 27 41 42
OPM % 8% 7% 5% 8% 5% 5% 9% 19% 19% 22% 21% 23% 21%
1 -1 1 0 0 1 1 1 3 1 4 5 4
Interest 6 4 3 3 2 2 2 2 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 2 3 3 4 5 7
Profit before tax -2 -3 -1 1 1 1 7 21 19 22 26 40 37
Tax % -40% 0% 0% 18% -11% 16% 22% 29% 24% 26% 26% 26%
-2 -3 -1 0 1 1 5 15 14 16 19 30 27
EPS in Rs -2.63 -2.98 -0.83 0.49 1.08 1.38 6.27 17.21 16.65 18.77 22.14 34.60 31.97
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 5% 5% 4%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 20%
TTM: 15%
Compounded Profit Growth
10 Years: 53%
5 Years: 45%
3 Years: 28%
TTM: 2%
Stock Price CAGR
10 Years: 66%
5 Years: 49%
3 Years: 92%
1 Year: 46%
Return on Equity
10 Years: 28%
5 Years: 32%
3 Years: 29%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 5 3 2 2 3 4 10 25 39 55 74 102 115
24 23 20 19 18 12 14 8 2 3 5 8 14
19 21 20 21 20 22 27 25 23 27 29 33 22
Total Liabilities 56 55 50 51 50 47 59 67 73 94 116 151 160
5 5 3 3 4 4 5 5 9 8 10 14 24
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
51 50 47 48 46 43 55 62 64 86 106 137 136
Total Assets 56 55 50 51 50 47 59 67 73 94 116 151 160

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 3 4 4 5 9 1 10 12 6 4 11
-1 -1 1 -1 -3 -2 -2 -2 -2 -2 -4 -10
-8 -3 -6 -3 -2 -7 1 -7 -9 -3 -3 -1
Net Cash Flow -7 -1 -1 0 0 0 -0 1 1 1 -3 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 63 85 95 104 96 102 114 96 94 103 100 102
Inventory Days 449 370 300 227 175 122 87 100 139 137 232 212
Days Payable 225 210 196 184 159 167 155 112 108 144 153 117
Cash Conversion Cycle 287 245 199 147 112 57 46 84 124 95 179 197
Working Capital Days 188 176 146 140 114 81 89 96 115 112 156 155
ROCE % 11% 9% 7% 13% 8% 11% 26% 60% 44% 39% 34% 40%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
60.03% 60.03% 60.00% 58.02% 58.02% 58.02% 58.01% 58.01% 58.00% 58.01% 58.01% 58.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.10% 0.10%
39.96% 39.96% 39.99% 41.97% 41.97% 41.97% 41.97% 41.97% 41.99% 41.97% 41.47% 41.47%
No. of Shareholders 7,1818,0538,5739,0559,1908,9398,5388,8779,18711,33914,75816,774

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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