Permanent Magnets Ltd

Permanent Magnets Ltd

₹ 850 -3.04%
21 Nov 12:10 p.m.
About

Incorporated in 1960, Permanent Magnets Ltd is in the business of Engineering and Current Sensing applications[1]

Key Points

Business Overview:[1]
PML is among the flagship companies of Taparia Group, Mumbai. It is a solution provider of electrical components and assemblies based on technologies such as current and speed sensing, magnetic shielding, and magnetic assemblies.

  • Market Cap 731 Cr.
  • Current Price 850
  • High / Low 1,548 / 800
  • Stock P/E 40.4
  • Book Value 163
  • Dividend Yield 0.21 %
  • ROCE 24.8 %
  • ROE 18.7 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.5%
  • Debtor days have improved from 91.2 to 71.9 days.

Cons

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
31.50 27.65 38.85 35.03 45.52 52.82 49.38 43.64 53.71 50.53 53.59 54.32 50.60
24.65 22.36 30.38 29.73 35.04 40.52 36.20 33.87 42.19 43.45 46.54 45.67 44.01
Operating Profit 6.85 5.29 8.47 5.30 10.48 12.30 13.18 9.77 11.52 7.08 7.05 8.65 6.59
OPM % 21.75% 19.13% 21.80% 15.13% 23.02% 23.29% 26.69% 22.39% 21.45% 14.01% 13.16% 15.92% 13.02%
0.52 0.99 1.04 1.27 1.31 1.47 1.29 0.95 0.60 1.04 1.81 1.35 1.48
Interest 0.22 0.26 0.20 0.06 0.28 0.43 0.38 0.18 0.17 0.60 1.09 0.49 0.49
Depreciation 0.88 1.23 1.19 0.92 1.22 1.45 1.91 1.23 2.02 1.69 1.93 1.77 2.02
Profit before tax 6.27 4.79 8.12 5.59 10.29 11.89 12.18 9.31 9.93 5.83 5.84 7.74 5.56
Tax % 26.16% 24.84% 25.49% 25.04% 25.56% 23.55% 27.75% 27.07% 26.08% 21.78% 30.48% 25.71% 32.91%
4.63 3.60 6.05 4.20 7.66 9.09 8.80 6.79 7.34 4.56 4.06 5.75 3.73
EPS in Rs 5.38 4.19 7.04 4.88 8.91 10.57 10.23 7.90 8.54 5.30 4.72 6.69 4.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
49 55 59 67 72 93 121 107 117 130 183 201 209
45 52 54 64 69 84 98 86 91 103 141 166 180
Operating Profit 3 3 4 4 3 8 23 21 25 27 41 35 29
OPM % 7% 5% 8% 5% 5% 9% 19% 19% 22% 21% 23% 18% 14%
-1 1 0 0 1 1 1 3 1 4 5 4 6
Interest 4 3 3 2 2 2 2 1 1 1 1 2 3
Depreciation 1 1 1 1 1 1 2 3 3 4 5 7 7
Profit before tax -3 -1 1 1 1 7 21 19 22 26 40 31 25
Tax % 0% 0% 18% -11% 16% 22% 29% 24% 26% 26% 26% 26%
-3 -1 0 1 1 5 15 14 16 19 30 23 18
EPS in Rs -2.98 -0.83 0.49 1.08 1.38 6.27 17.21 16.65 18.77 22.14 34.60 26.45 21.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 5% 5% 4% 7%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 20%
TTM: 5%
Compounded Profit Growth
10 Years: 37%
5 Years: 9%
3 Years: 12%
TTM: -43%
Stock Price CAGR
10 Years: 58%
5 Years: 54%
3 Years: 32%
1 Year: -40%
Return on Equity
10 Years: 27%
5 Years: 26%
3 Years: 25%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 3 2 2 3 4 10 25 39 55 74 102 124 132
23 20 19 18 12 14 8 2 3 5 8 15 23
21 20 21 20 22 27 25 23 27 29 33 35 24
Total Liabilities 55 50 51 50 47 59 67 73 94 116 151 183 188
5 3 3 4 4 5 5 9 8 10 14 32 37
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
50 47 48 46 43 55 62 64 86 106 137 151 150
Total Assets 55 50 51 50 47 59 67 73 94 116 151 183 188

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 4 4 5 9 1 10 12 6 4 11 19
-1 1 -1 -3 -2 -2 -2 -2 -2 -4 -10 -18
-3 -6 -3 -2 -7 1 -7 -9 -3 -3 -1 2
Net Cash Flow -1 -1 0 0 0 -0 1 1 1 -3 1 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 85 95 104 96 102 114 96 94 103 100 102 72
Inventory Days 370 300 227 175 122 87 100 139 137 232 212 180
Days Payable 210 196 184 159 167 155 112 108 144 153 117 89
Cash Conversion Cycle 245 199 147 112 57 46 84 124 95 179 197 162
Working Capital Days 176 146 140 114 81 89 96 115 112 156 155 134
ROCE % 9% 7% 13% 8% 11% 26% 60% 44% 39% 34% 40% 25%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.02% 58.02% 58.02% 58.01% 58.01% 58.00% 58.01% 58.01% 58.01% 58.01% 58.01% 58.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.42% 0.42% 0.00% 0.40% 0.40%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.10% 0.10% 0.01% 0.12% 0.12%
41.97% 41.97% 41.97% 41.97% 41.97% 41.99% 41.97% 41.47% 41.47% 41.99% 41.46% 41.47%
No. of Shareholders 9,0559,1908,9398,5388,8779,18711,33914,75816,77418,13118,90119,636

* 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.

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