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Permanent Magnets Ltd Fundamentals

Market Cap
₹ 895.95 Cr
P/E Ratio (TTM)
39.40
P/B Ratio
6.77
Debt to Equity
0.06
ROE
30.80
EPS (TTM)
26.44
Dividend Yield
0.17 %
Book Value
153.94

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Permanent Magnets Ltd Financials

Permanent Magnets Ltd Financials

Permanent Magnets Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 58.01 % 58.01 % 58.01 % 58.01 %
Retail 33.51 % 33.05 % 32.41 % 32.15 %
Others 8.48 % 8.52 % 9.16 % 9.84 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %
FII 0.00 % 0.42 % 0.42 % 0.00 %

Promoters

58.01%

Retail

33.51%

Others

8.48%

Mutual Funds

0.00%

FII

0.00%

Promoters

58.01%

Retail

33.05%

Others

8.52%

Mutual Funds

0.00%

FII

0.42%

Promoters

58.01%

Retail

32.41%

Others

9.16%

Mutual Funds

0.00%

FII

0.42%

Promoters

58.01%

Retail

32.15%

Others

9.84%

Mutual Funds

0.00%

FII

0.00%

Resistance and Support

₹1,052.80

PIVOT

resistance-arrow
Resistance
First Resistance₹1,065.650
Second Resistance₹1,089.500
Third Resistance₹1,102.350
support-arrow
Support
First Support₹1,028.950
Second Support₹1,016.100
Third Support₹992.250

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day22,12112,75157.64
Week22,12116,1680.00
1 Month22,1218,7120.00
6 Months1,685,4231,083,63367.28

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 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. 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. PML's exceptional expertise in the fields of metallurgy, mechanical engineering, electrical engineering and electronics, enable it to offer comprehensive solutions to its clients. Apart from this the Company possesses superior capabilities in design & simulation of components & modules including customer-specific prototyping; various metals & metallurgical processes; and manufacturing technologies such as assembly processes, finishing processes, hot chamber die-casting and plastic moulding. In Jan.'91, the company came out with a rights issue of 0.77 lac equity shares of Rs.100 at par, aggregating Rs.77.49 lac on a 1:1 basis, to finance capital expenditure and meet long-term working capital requirements. PML produces two types of magnets, cast alloy permanent magnets and hard ferrite magnets. During the year 2008, the Scheme of Amalgamation of Taparia Magnetics Private Limited, Sampada Capital Services Limited and Suyog Agencies Limited with the Company and Arrangement with the Preference Shareholders of the Company was implemented in 2009. According to the ratio mentioned in the Scheme, the shares were allotted to the shareholders of the Transferor Companies and Preference Shareholders of the Company.

Managing Director

1960

Founded

Sharad Kumar Taparia

NSE Symbol

PERMAGNET

Permanent Magnets Ltd Management

NameDesignation
Rajeev MundraChairman & Independent Directo
Sharad Kumar TapariaManaging Director
KAMAL SHANKARLAL BINANIIndependent Non Exe. Director
Mukul J TapariaNon Executive Director
Sunaina TapariaNon Executive Director
Girish DesaiNon-Exec. & Independent Dir.

Permanent Magnets Ltd News

Board of Permanent Magnets recommends final dividend
Of Rs 1.8 per share
Permanent Magnets standalone net profit declines 53.86% in the March 2024 quarter
Sales rise 8.53% to Rs 53.59 crore
Permanent Magnets to hold board meeting
On 16 May 2024
Permanent Magnets gains after Acuité Ratings upgrades ratings with 'stable' outlook
Permanent Magnets (PML) rose 1.14% to Rs 1243 after Acuité Ratings & Research upgraded the company’s long-term rating to 'ACUITE BBB-’ from 'ACUITE BB+’ with 'stable’ outlook.
Permanent Magnets receives upgrade in credit ratings
Permanent Magnets Ltd leads losers in 'B' group
Antony Waste Handling Cell Ltd, D P Wires Ltd, Sprayking Ltd and I G Petrochemicals Ltd are among the other losers in the BSE's 'B' group today, 14 February 2024.
Permanent Magnets standalone net profit declines 49.83% in the December 2023 quarter
Sales decline 4.34% to Rs 50.53 crore
Permanent Magnets to announce Quarterly Result
On 13 February 2024
Permanent Magnets standalone net profit declines 4.18% in the September 2023 quarter
Sales rise 17.99% to Rs 53.71 crore
Permanent Magnets announces board meeting date
On 7 November 2023

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Permanent Magnets Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Permanent Magnets Ltd shares in BlinkX

Permanent Magnets Ltd's P/E ratio is 39.40 times as of May 24, 2024 at 04:00 PM.

Permanent Magnets Ltd's most recent financial reports indicate a price-to-book ratio of 6.77, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Permanent Magnets Ltd's market is 896 Cr as on May 24, 2024 at 04:00 PM.

The current financial records of Permanent Magnets Ltd show a 30.80% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Permanent Magnets Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Permanent Magnets Ltd stands at 58.01%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 0.42% to 0.00%.