Permanent Magnets (PERMAGN) had a P/E of 51.9× on 6 Nov 2026, above the industry P/E of 30.0×. Its ROCE of 11% is the lowest among the 7 largest Electrical Equipment & Parts peers. Its dividend yield is 0.2%, and debt is 0.55× equity. It is a small-cap company with a market cap of ₹927 Cr, ranked 49th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 34% over the past year.
- ₹1,005.10
- ₹1,095.40
- ₹999.60
- ₹1,022.70
- 40.4K
Health check
- ReturnsAhead
+34.0% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 51.9 vs industry 30.0.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityWeak
ROCE 10.8% vs peer median 22.1%.
- Balance sheetFair
Debt 0.55× equity, interest covered 7.6×, Piotroski 4 of 9.
- Red flags1 to check
P/E of 51.9 against an industry P/E of 30.0.
Small cap
Defensive
Key metrics
- Market cap
- ₹927 Cr
- Small cap
- P/E
- 51.9
- Industry 30.0
- Price to book
- 5.56
- Peers 7.24
- Dividend yield
- 0.20%
- ROE
- 11.1%
- Peers 18.0%
- ROCE
- 10.8%
- Peers 22.1%
- Debt to equity
- 0.55
- Debt ₹92 Cr
- EPS (TTM)
- ₹20.78
- Face value ₹10
- OPM (TTM)
- 18.5%
- Net margin 6.8%
- Sales growth
- +47.5%
- Latest quarter vs a year ago
- Profit growth
- +216.9%
- Latest quarter vs a year ago
- Price to sales
- 3.58
- EV/EBITDA 27.3
Strengths and risks
Strengths
- Quarterly profit up 216.9% on a year ago.
- Quarterly sales up 47.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 51.9 against an industry P/E of 30.0.
About Permanent Magnets
Permanent Magnets Limited engages in the manufacture and sale of cast alloy permanent magnets, parts, and accessories of electricity and electric vehicle worldwide. The company offers automotive shunt resistors, shunt assembly, and overmolded shunt assemblies; magnetic filter, self-cleaning magnetic grill pneumatic and filter, magnetic drum separator and plate, clean magnetic grill, magnetic drawer type grill, magnetic rod and hump, magnetic rota grid…
- Headquarters
- Thane
- Employees
- 166
- Sector
- Industrials
- ISIN
- INE418E01018
- Website
- pmlindia.com
Price range
- Avg volume (3M)
- 14.2K
- 1-year return
- plus 34.0%
- From 52-week high
- minus 5.8%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| PERMAGNPermanent Magnets | 1,078.35 | plus 5.44% | 927 | 51.9 | 26.4 | 10.8% | 18.1% | 0.55 | – | plus 34.0% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 49.1 | 57 | 66.5 | 63.2 | 72.5 | |
| 43.1 | 46.5 | 57.1 | 52.3 | 55.4 | |
| 6 | 10.5 | 9.5 | 11 | 17.1 | |
| 12.2% | 18.4% | 14.2% | 17.4% | 23.6% | |
| 1.4 | 1.4 | 3 | 0.9 | 1 | |
| 0.5 | 1.5 | 1.6 | 2.4 | 1.8 | |
| 3.2 | 3.6 | 5.1 | 3.5 | 4 | |
| – | −2.2 | −0.5 | – | – | |
| 3.7 | 4.7 | 5.4 | 6 | 12.3 | |
| 35.9% | 51.7% | 25.4% | 36.6% | 39.0% | |
| 2.4 | 2.3 | 4 | 3.8 | 7.5 | |
| 2.76 | 2.62 | 4.99 | 4.42 | 8.73 |
Profit & loss
- ROE
- 11.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | 194 | 197 | 217 | |
| – | – | +1.6% | +10.1% | |
| – | 159 | 167 | 180 | |
| 5.5 | 35 | 30.7 | 37.1 | |
| – | 18.0% | 15.6% | 17.1% | |
| – | 3.3 | 3.7 | 5 | |
| – | 1.3 | 2.1 | 3.4 | |
| 5.5 | 8.3 | 11.4 | 14.5 | |
| – | −0.5 | −0.2 | −1.8 | |
| – | 28.3 | 20.8 | 22.4 | |
| – | 28.5% | 24.2% | 34.0% | |
| – | 20.2 | 15.8 | 14.8 | |
| – | – | minus 22.0% | minus 6.2% | |
| – | 23.48 | 18.30 | 17.52 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.6 | 8.6 | 8.6 | 8.6 | |
| 102 | 121 | 135 | 149 | |
| 7.6 | 24.5 | 23.8 | 88 | |
| 32.7 | 36.9 | 26.3 | 36.8 | |
| 151 | 191 | 194 | 282 | |
| 18.7 | 41.6 | 62.7 | 102 | |
| 4.8 | 1.7 | 1.1 | 23.9 | |
| 0.7 | 1.1 | 1.3 | – | |
| 7.7 | 28.9 | 8 | 35.5 | |
| 119 | 118 | 121 | 121 | |
| 151 | 191 | 194 | 282 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.5 | 22.7 | 39.2 | 17.6 | |
| −9.5 | −22.1 | −29.1 | −43.3 | |
| −1.2 | 2.8 | −9.5 | 48.4 | |
| 0.7 | 3.5 | 0.6 | 22.7 | |
| −9.5 | −22.1 | −29.1 | −43.3 | |
| 2 | 0.6 | 10.1 | −25.8 | |
| −1 | −1.3 | −1.6 | −1.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.