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 ₹ 938 Cr.
- Current Price ₹ 1,090
- High / Low ₹ 1,721 / 860
- Stock P/E 34.1
- 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 7.57 times its book value
* 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
Standalone Figures in Rs. Crores / View Consolidated
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: | 60% |
5 Years: | 50% |
3 Years: | 59% |
1 Year: | 6% |
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13h - Of Investors/Analyst Call under SEBI (LODR) Regulations, 2015.
- Update On Board Meeting Dated May 16, 2024 14h
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Secretarial Compliance Report for the year ended March 31, 2024.
- Board Meeting Intimation for Considering And Approving Audited (Consolidated And Standalone) Financial Results For The Quarter And Year Ended March 31, 2024 And Recommend Final Dividend, If Any 2d
Annual reports
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Financial Year 2023
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Financial Year 2022
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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 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Nov 2023TranscriptPPT
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May 2023Transcript PPT REC
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Jun 2022TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
Pioneer in Magnet Manufacturing
Permanent Magnets Limited (PML) is one of the first magnet manufacturers in India. [1]