Permanent Magnets Ltd

Permanent Magnets Ltd

₹ 919 3.58%
30 May - 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. Over decades, PML has grown by developing and delivering new products in line with the changing business environment. [1]

  • Market Cap 791 Cr.
  • Current Price 919
  • High / Low 1,198 / 282
  • Stock P/E 26.6
  • Book Value 129
  • Dividend Yield 0.13 %
  • ROCE 40.1 %
  • ROE 30.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • 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 7.13 times its book value
  • Promoter holding has decreased over last 3 years: -12.0%

* 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

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
22.99 15.41 31.94 32.11 37.22 31.52 31.50 27.65 38.85 35.03 45.52 52.82 49.38
16.81 12.79 25.43 24.85 28.37 25.40 24.65 22.36 30.38 29.73 35.05 40.52 36.20
Operating Profit 6.18 2.62 6.51 7.26 8.85 6.12 6.85 5.29 8.47 5.30 10.47 12.30 13.18
OPM % 26.88% 17.00% 20.38% 22.61% 23.78% 19.42% 21.75% 19.13% 21.80% 15.13% 23.00% 23.29% 26.69%
1.32 0.35 -0.07 0.17 0.44 1.20 0.52 0.99 1.04 1.27 1.26 1.47 1.29
Interest 0.81 -0.02 0.34 0.21 0.49 0.18 0.22 0.26 0.20 0.06 0.23 0.43 0.38
Depreciation 1.75 0.68 0.78 0.96 0.87 0.76 0.88 1.23 1.19 0.92 1.22 1.45 1.91
Profit before tax 4.94 2.31 5.32 6.26 7.93 6.38 6.27 4.79 8.12 5.59 10.28 11.89 12.18
Tax % 20.24% 31.17% 32.89% 27.32% 18.92% 25.39% 26.16% 24.84% 25.49% 25.04% 25.58% 23.55% 27.75%
Net Profit 3.94 1.58 3.58 4.55 6.42 4.77 4.63 3.60 6.05 4.20 7.66 9.09 8.80
EPS in Rs 4.58 1.84 4.16 5.29 7.47 5.55 5.38 4.19 7.04 4.88 8.91 10.57 10.23
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
47 49 55 59 67 72 93 121 107 117 130 183
43 45 52 54 64 69 84 98 86 91 103 141
Operating Profit 4 3 3 4 4 3 8 23 21 25 27 41
OPM % 8% 7% 5% 8% 5% 5% 9% 19% 19% 22% 21% 23%
1 -1 1 0 0 1 1 1 3 1 4 5
Interest 6 4 3 3 2 2 2 2 1 1 1 1
Depreciation 1 1 1 1 1 1 1 2 3 3 4 5
Profit before tax -2 -3 -1 1 1 1 7 21 19 22 26 40
Tax % -40% 0% 0% 18% -11% 16% 22% 29% 24% 26% 26% 26%
Net Profit -2 -3 -1 0 1 1 5 15 14 16 19 30
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
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: 41%
Compounded Profit Growth
10 Years: 53%
5 Years: 45%
3 Years: 28%
TTM: 57%
Stock Price CAGR
10 Years: 66%
5 Years: 56%
3 Years: 119%
1 Year: 198%
Return on Equity
10 Years: 28%
5 Years: 32%
3 Years: 29%
Last Year: 31%

Balance Sheet

Figures in Rs. Crores

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

Cash Flows

Figures in Rs. Crores

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

Figures in Rs. Crores

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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
70.02 69.72 67.19 60.03 60.03 60.00 58.02 58.02 58.02 58.01 58.01 58.00
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
29.97 30.27 32.80 39.96 39.96 39.99 41.97 41.97 41.97 41.97 41.97 41.99

* 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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