Permanent Magnets Ltd
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]
- Market Cap ₹ 687 Cr.
- Current Price ₹ 799
- High / Low ₹ 875 / 260
- Stock P/E 25.4
- Book Value ₹ 108
- Dividend Yield 0.15 %
- ROCE 34.2 %
- ROE 26.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
Cons
- Stock is trading at 7.38 times its book value
- Promoter holding has decreased over last 3 years: -11.9%
* 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.
Peer comparison
Sector: Consumer Durables Industry: Electronics - Components
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
62 | 47 | 49 | 55 | 59 | 67 | 72 | 93 | 121 | 107 | 117 | 130 | 172 | |
58 | 43 | 45 | 52 | 54 | 64 | 69 | 84 | 98 | 86 | 91 | 103 | 136 | |
Operating Profit | 4 | 4 | 3 | 3 | 4 | 4 | 3 | 8 | 23 | 21 | 25 | 27 | 37 |
OPM % | 6% | 8% | 7% | 5% | 8% | 5% | 5% | 9% | 19% | 19% | 22% | 21% | 21% |
0 | 1 | -1 | 1 | 0 | 0 | 1 | 1 | 1 | 3 | 1 | 4 | 5 | |
Interest | 3 | 6 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 4 | 5 |
Profit before tax | 0 | -2 | -3 | -1 | 1 | 1 | 1 | 7 | 21 | 19 | 22 | 26 | 36 |
Tax % | -9% | -40% | 0% | 0% | 18% | -11% | 16% | 22% | 29% | 24% | 26% | 26% | |
Net Profit | 0 | -2 | -3 | -1 | 0 | 1 | 1 | 5 | 15 | 14 | 16 | 19 | 27 |
EPS in Rs | 0.28 | -2.63 | -2.98 | -0.83 | 0.49 | 1.08 | 1.38 | 6.27 | 17.21 | 16.65 | 18.77 | 22.14 | 31.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 2% |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 74% |
3 Years: | 9% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | 64% |
5 Years: | 60% |
3 Years: | 146% |
1 Year: | 98% |
Return on Equity | |
---|---|
10 Years: | 26% |
5 Years: | 33% |
3 Years: | 29% |
Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |
Reserves | 7 | 5 | 3 | 2 | 2 | 3 | 4 | 10 | 25 | 39 | 55 | 74 | 84 |
22 | 24 | 23 | 20 | 19 | 18 | 12 | 14 | 8 | 2 | 3 | 5 | 7 | |
30 | 19 | 21 | 20 | 21 | 20 | 22 | 27 | 25 | 23 | 27 | 29 | 28 | |
Total Liabilities | 69 | 56 | 55 | 50 | 51 | 50 | 47 | 59 | 67 | 73 | 94 | 116 | 128 |
5 | 5 | 5 | 3 | 3 | 4 | 4 | 5 | 5 | 9 | 8 | 10 | 15 | |
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 |
64 | 51 | 50 | 47 | 48 | 46 | 43 | 55 | 62 | 64 | 86 | 106 | 113 | |
Total Assets | 69 | 56 | 55 | 50 | 51 | 50 | 47 | 59 | 67 | 73 | 94 | 116 | 128 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 2 | 3 | 4 | 4 | 5 | 9 | 1 | 10 | 12 | 6 | 4 | |
-0 | -1 | -1 | 1 | -1 | -3 | -2 | -2 | -2 | -2 | -2 | -4 | |
-0 | -8 | -3 | -6 | -3 | -2 | -7 | 1 | -7 | -9 | -3 | -3 | |
Net Cash Flow | 3 | -7 | -1 | -1 | 0 | 0 | 0 | -0 | 1 | 1 | 1 | -3 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 59 | 63 | 85 | 95 | 104 | 96 | 102 | 114 | 96 | 94 | 103 | 100 |
Inventory Days | 373 | 449 | 370 | 300 | 227 | 175 | 122 | 87 | 100 | 139 | 137 | 232 |
Days Payable | 250 | 225 | 210 | 196 | 184 | 159 | 167 | 155 | 112 | 108 | 144 | 153 |
Cash Conversion Cycle | 182 | 287 | 245 | 199 | 147 | 112 | 57 | 46 | 84 | 124 | 95 | 179 |
Working Capital Days | 149 | 188 | 176 | 146 | 140 | 114 | 81 | 89 | 96 | 115 | 112 | 156 |
ROCE % | 8% | 11% | 9% | 7% | 13% | 8% | 11% | 26% | 60% | 44% | 39% | 34% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 Feb
-
Announcement under Regulation 30 (LODR)-Credit Rating
20 Feb - Credit Rating Letter issued by Acuite Ratings & Research Limited along with their Press Release.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9 Feb
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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]