Permanent Magnets Ltd vs Solex Energy Ltd Stock Comparison

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Last Updated on: Apr 05, 2026

Key Highlights

The Latest Trading Price of Permanent Magnets Ltd is ₹ 709.45 as of 02 Apr 15:30 . The P/E Ratio of Permanent Magnets Ltd is 51.9 as of March 2024 .The P/E Ratio of Solex Energy Ltd is 74.2 as of March 2024 . The Market Cap of Permanent Magnets Ltd is ₹ 1048 crore as of March 2024 .The Market Cap of Solex Energy Ltd is ₹ 648 crore as of March 2024 . The revenue of Permanent Magnets Ltd for the Dec '25 is ₹ 58.41 crore as compare to the Sep '25 revenue of ₹ 50.51 crore. This represent the growth of 15.64% The revenue of Solex Energy Ltd for the Dec '25 is ₹ 319.43 crore as compare to the Sep '25 revenue of ₹ 154.64 crore. This represent the growth of 106.56% The ebitda of Permanent Magnets Ltd for the Dec '25 is ₹ 9.67 crore as compare to the Sep '25 ebitda of ₹ 7.38 crore. This represent the growth of 31.03% The ebitda of Solex Energy Ltd for the Dec '25 is ₹ 27.41 crore as compare to the Sep '25 ebitda of ₹ 18.21 crore. This represent the growth of 50.52% The net profit of Permanent Magnets Ltd changed from ₹ 5.04 crore to ₹ 2.25 crore over 7 quarters. This represents a CAGR of -36.92% The net profit of Solex Energy Ltd changed from ₹ 4 crore to ₹ 8.87 crore over 7 quarters. This represents a CAGR of 57.63% The Dividend Payout of Permanent Magnets Ltd changed from 5.33 % on March 2021 to 11.34 % on March 2025 . This represents a CAGR of 16.30% over 5 yearsThe Dividend Payout of Solex Energy Ltd changed from 8.82 % on March 2021 to 1.5 % on March 2025 . This represents a CAGR of -29.83% over 5 years .

About Permanent Magnets Ltd

Incorporated in 1960, Permanent Magnet Limited is one of the flagship Companies of Taparia group, Mumbai and one of the leading manufacturers of Cast alloy Permanent Magnets, Parts and accessories of electricity and electric vehicle parts in the world.
The Company commenced its business in 1960 and is a leading solution provider of electrical components and assemblies based on certain core technologies which find application in the automobile, energy meter, renewable energy, aerospace & defence, food & beverage and many other such industries. PML also supplies Gas meters parts and accessories.
The assembly includes Die cast parts, Plastic parts, Brass parts, Bi-metal parts, Stainless steel parts and special copper alloy and nickel alloy parts.
The Company has strong expertise in 5 core product platforms, wherein it designs and delivers innumerable customer-specific solutions, and these product platforms include magnetic sensing, current sensing, magnetic assemblies, alloys and ZAMAK die-casting.

About Solex Energy Ltd

Solex Energy Limited (SEL) was originally incorporated on October 13, 2014 as 'Solex Energy Private Limited'.
Further the Company was converted into Public Limited Company and name of the Company was changed to 'Solex Energy Limited' on September 22, 2017. Headquartered in Gujarat, India, the Company stands as a prominent solar photovoltaic module manufacturer.
With the capability to produce modules using advanced MONO PERC and TOP-Con technology, Solex offers a diverse product range including Monofacial and Bi-facial modules across various power capacities. The Company is engaged providing renewable energy solutions, specialized in the manufacturing of Solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating systems and wood fired water heater etc.

FAQs for the comparison of Permanent Magnets Ltd and Solex Energy Ltd

Which company has a larger market capitalization, Permanent Magnets Ltd or Solex Energy Ltd?

Market cap of Permanent Magnets Ltd is 610 Cr while Market cap of Solex Energy Ltd is 1,098 Cr

What are the key factors driving the stock performance of Permanent Magnets Ltd and Solex Energy Ltd?

The stock performance of Permanent Magnets Ltd and Solex Energy Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Permanent Magnets Ltd and Solex Energy Ltd?

As of April 5, 2026, the Permanent Magnets Ltd stock price is INR ₹709.45. On the other hand, Solex Energy Ltd stock price is INR ₹1016.85.

How do dividend payouts of Permanent Magnets Ltd and Solex Energy Ltd compare?

To compare the dividend payouts of Permanent Magnets Ltd and Solex Energy Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.