Permanent Magnets Ltd

PERMAGNET

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Market Cap

₹ 735 Cr

P/E

60.47

Turned 1 L into 6.09 L in last 5 Years

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

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Overview

Detailed Summary

Permanent Magnets Limited, part of the Taparia group, is a leading manufacturer of cast alloy permanent magnets and electrical components serving industries like automotive and aerospace.

Despite revenue decline due to reduced exports and weak domestic demand in energy meters, alloy volumes grew, indicating resilience and focus on high-demand products.

The company is expanding its alloy production capacity with new furnace installations, projecting immediate production increases once operational.

Their joint venture Quantum Magnetics focuses on magnet assemblies and sourcing rare earth materials from India, aligning with shifts away from reliance on Chinese supply chains.

Strategic integrations in relays business and partnerships for manufacturing advancements reveal potential growth in diversified verticals, particularly in EV and energy solutions.

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - General - Medium / Small

Market Cap

735 Cr

Volatility

Low Risk

P/E Ratio

60.5

Industry P/E

27.4

PEG Ratio

—

P/B Ratio

4.9

52W High

1,229.90

52W Low

600.00

Sales CAGR

1.77%

15.50%

13.37%

10Y

12.45%

Profit CAGR

-22.03%

-7.30%

1.16%

10Y

36.33%

ROE

TTM

8.06%

17.38%

19.20%

10Y

21.14%

ROCE

TTM

10.92%

22.80%

25.23%

10Y

27.97%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GGBL	334.15	829 Cr	27.41	4.04	0.00	21.02	25.93	11.65
APS	377.90	762 Cr	13.70	5.64	0.00	41.20	45.61	20.63
PERMAGNET	855.00	735 Cr	60.47	4.87	0.23	8.06	10.92	5.83
MODINSULAT	155.45	733 Cr	14.85	1.48	0.00	10.06	12.55	7.47
AEPL	21.55	541 Cr	47.93	5.96	0.00	12.46	16.59	8.32
FOCUS	77.33	522 Cr	103.11	3.60	0.00	3.49	5.49	2.41
GPECO	433.70	513 Cr	49.51	7.43	0.00	19.95	15.34	6.99

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	44	54	51	54	54	56	49	45	54	49
Expenses	34	42	44	47	46	45	43	40	43	43
Operating Profit	9.76	11	6.80	6.56	8.43	11	6.29	5.04	11	6.00
OPM %	22.36	20.93	13.46	12.24	15.52	19.06	12.75	11.13	19.98	12.21
Other Income	0.95	0.62	1.06	1.82	1.36	1.29	1.06	0.45	1.24	1.38
Interest	0.18	0.17	0.81	1.12	0.54	0.55	1.03	0.28	0.62	0.47
Depreciation	1.23	2.02	1.94	3.08	2.23	2.50	3.17	3.53	2.64	3.21
Profit Before Tax	9.30	9.67	5.11	4.18	7.02	8.93	3.15	1.68	8.68	3.70
Tax %	27.10	26.78	24.85	39.95	28.21	20.49	35.24	5.95	28.92	35.95
Net Profit	6.78	7.08	3.84	2.51	5.04	7.10	2.04	1.58	6.17	2.37
EPS in Rs	7.89	8.23	4.47	2.91	5.86	8.25	2.38	1.82	7.17	2.76

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025	TTM
Sales	201	205	204
Expenses	167	175	172
Operating Profit	34	30	33
OPM %	17.05	14.85	16.02
Other Income	4.45	4.16	4.04
Interest	2.28	2.40	2.48
Depreciation	9.09	11	12
Profit Before Tax	27	21	22
Tax %	30.17	24.17	24.73
Net Profit	19	16	17
EPS in Rs	23.50	18.31	14.13
Dividend Payout %	7.75	10.93	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Equity Capital	8.60	8.60
Reserves	121	135
Borrowings	16	15
Other Liabilities	45	35
Total Liabilities	191	194
Fixed Assets	40	62
CWIP	0.00	0.00
Investments	0.00	0.00
Other Assets	151	132
Total Assets	191	194

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Cash from Operating Activity	24	38
Cash from Investing Activity	-26	-28
Cash from Financing Activity	2.79	-9.49
Net Cash Flow	0.11	0.59

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	58.02%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%	58.01%
FIIs	0.00%	0.00%	0.00%	0.42%	0.42%	0.00%	0.40%	0.40%	0.40%	0.00%	0.03%	0.03%
DIIs	0.01%	0.01%	0.01%	0.10%	0.10%	0.01%	0.12%	0.12%	0.12%	0.01%	0.11%	0.02%
Public	41.97%	41.98%	41.98%	41.47%	41.47%	41.98%	41.47%	41.47%	41.47%	41.98%	41.85%	41.93%
Total Shareholders	8,877	9,187	11,339	14,758	16,774	18,131	18,901	19,636	19,579	18,687	19,207	18,745

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 03, 2025	Mukul jaiprakash taparia	Insider - Promoter & Director	Acquisition	—	—	15,645	0.18
Dec 03, 2025	Sharad jaiprakash taparia	Insider - Promoter & Director	Acquisition	—	—	15,645	0.18
Dec 03, 2025	Icici bank ltd	Insider - Promoter Group	Disposal	—	—	31,290	0.36
Jun 23, 2025	Mukul jaiprakash taparia	Insider - Promoter & Director	Acquisition	—	—	22,000	0.25
Jun 23, 2025	Sunita sunil taparia	Insider - Promoter Group	Disposal	—	—	21,153	0.24
Jun 23, 2025	Jaiprakash taparia	Insider - Promoter Group	Acquisition	—	—	13,153	0.15
Jun 23, 2025	Sunilkumar taparia	Insider - Promoter Group	Disposal	—	—	52,000	0.60
Jun 23, 2025	Yamini taparia	Insider - Promoter Group	Acquisition	—	—	8,000	0.09
Jun 23, 2025	Sharad jaiprakash taparia	Insider - Promoter & Director	Acquisition	—	—	30,000	0.34
Feb 11, 2025	Openxcell technolabs pvt ltd	Bulk	Sell	927.96	4.12 Cr	44,396	0.51

Projection

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Oscillators

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Overall

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Moving Averages

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GGBL	334.15	829 Cr	27.41	4.04	0.00	21.02	25.93	11.65
APS	377.90	762 Cr	13.70	5.64	0.00	41.20	45.61	20.63
PERMAGNET	855.00	735 Cr	60.47	4.87	0.23	8.06	10.92	5.83
MODINSULAT	155.45	733 Cr	14.85	1.48	0.00	10.06	12.55	7.47
AEPL	21.55	541 Cr	47.93	5.96	0.00	12.46	16.59	8.32
FOCUS	77.33	522 Cr	103.11	3.60	0.00	3.49	5.49	2.41
GPECO	433.70	513 Cr	49.51	7.43	0.00	19.95	15.34	6.99

Overview

Detailed Summary

Permanent Magnets Limited, part of the Taparia group, is a leading manufacturer of cast alloy permanent magnets and electrical components serving industries like automotive and aerospace.

Despite revenue decline due to reduced exports and weak domestic demand in energy meters, alloy volumes grew, indicating resilience and focus on high-demand products.

The company is expanding its alloy production capacity with new furnace installations, projecting immediate production increases once operational.

Their joint venture Quantum Magnetics focuses on magnet assemblies and sourcing rare earth materials from India, aligning with shifts away from reliance on Chinese supply chains.

Strategic integrations in relays business and partnerships for manufacturing advancements reveal potential growth in diversified verticals, particularly in EV and energy solutions.

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - General - Medium / Small

Market Cap

735 Cr

Volatility

Low Risk

P/E Ratio

60.5

Industry P/E

27.4

PEG Ratio

—

P/B Ratio

4.9

52W High

1,229.90

52W Low

600.00

Sales CAGR

1.77%

15.50%

13.37%

10Y

12.45%

Profit CAGR

-22.03%

-7.30%

1.16%

10Y

36.33%

ROE

TTM

8.06%

17.38%

19.20%

10Y

21.14%

ROCE

TTM

10.92%

22.80%

25.23%

10Y

27.97%