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What’s Your Call?

Collective community sentiment on Permanent Magnets Ltd

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Buy

75.00%

Hold

0.00%

Sell

25.00%

75.00%

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News

Media spotlight triggers stock stock attention, sentiment.

  • Permanent Mag. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    25 Feb 2025, 10:26AM Intimation of Schedule of Analyst/ Investor Meeting - Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) R
  • Permanent Mag. - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    17 Feb 2025, 12:20PM Press Release on Unaudited (Standalone & Consolidated) Financial Results of the Company for the Quarter and Nine months ended December 31, 2024
  • Permanent Mag. Q3 net profit down 32.68% at Rs 3.07 cr

    14 Feb 2025, 5:50PM The company reported standalone net profit of Rs 3.07 crore for the quarter ended December 31, 2024 as compared to Rs 4.56 crore in the same period la
  • Permanent Mag. - Unaudited Financial Result - Dec 2024

    14 Feb 2025, 5:34PM Unaudited Financial Result - Dec 2024
  • Permanent Mag. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

    14 Feb 2025, 5:26PM Intimation about signing of Manufacturing License Agreement
  • Permanent Mag. - Board Meeting Outcome for Outcome Of Board Meeting Dated 14.02.2025

    14 Feb 2025, 4:49PM Outcome
  • Permanent Mag. - Integrated Filing (Financial)

    14 Feb 2025, 4:45PM For Q. Dec 2024
  • Permanent Mag. - Board Meeting Intimation for Considering Unaudited Standalone & Consolidated Financial Results For The Quart

    4 Feb 2025, 10:08AM PERMANENT MAGNETS LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2025 ,inter alia, to consider
  • Permanent Mag. has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    15 Jan 2025, 5:30PM As of December 2024, 58.01% is owned by Indian Promoters and 41.99% by Public. <p align=justify> Top five Promoters holding highest number of shares o
  • Permanent Mag. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Jan 2025, 4:44PM Intimation of Schedule of Analyst/ Investor Meeting - Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) R
  • Permanent Mag. - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    6 Jan 2025, 3:27PM Enclosed herewith Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended December 31, 2024
  • Permanent Mag. - Quarterly Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount O

    6 Jan 2025, 2:09PM Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institution
  • Permanent Mag. - Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And\r\nDisclos

    25 Dec 2024, 1:54PM Disclosure of Material Event

Key fundamentals

Evaluate the intrinsic value of Permanent Magnets Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 145.81 116.9284 84.9898 65.8345 49.8329
Liabilities 145.81 116.9284 84.9898 65.8345 49.8329
Equity 8.6 8.5985 8.5985 8.5984 8.5984
Gross Profit 35.43 41.2645 26.7309 25.249 20.5481
Net Profit 22.74 29.7521 19.0443 16.1379 14.3197
Cash From Operating Activities 19.36 11.4731 3.6638 6.9265 11.4972
NPM(%) 11.28 16.28 14.7 13.83 13.43
Revenue 201.47 182.7395 129.5107 116.6793 106.5605
Expenses 166.04 141.475 102.7798 91.4302 86.0123
ROE(%) 16.19 21.18 13.56 11.49 10.19

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day

Peers

Other companies within the same industry or sector that are comparable to Permanent Magnets Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Eimco Elecon (India) Ltd 1387.30 2.76 16.13 372.38 700.57 0.37
CIE Automotive India Ltd 385.05 0.80 17.65 24489.71 218.13 1.82
Shree Metalloys Ltd 37.49 2.35 18.29 339.32 9.63 0.00
Action Construction Equipment Ltd 1151.40 -1.52 35.24 7687.40 1377.86 0.17

Company Info

YEAR EVENTS 1960 - The Company was Incorported on 26th November, at Baroda. - The Company's object is to manufacture and deal in all kinds of permanent magnets, ores, metals, alloys and their products. 1961 - Allotted 1,100 shares without payment in cash and 2,900 shares for cash to Centro Magneti Permanenti. 10,710 shares to promoters, etc. and 10,290 shares to the public in Jan. 1961. 1962 - Final call of Rs.25 per share made during the year. 1967 - 2,500 Bonus equity shares issued in the prop. 1:10. 1971 - 16,500 Rights shares issued at par in prop. 3:5. Only 13,829 shares taken up. 1980 - 10,332 bonus shares issued in prop. 1:4. 1981 - The Company issued as Rights secured non-convertible debentures for Rs.38.75 lakhs for working capital purposes. 1982 - The Company's application for expansion of the capacity of hard ferrite plant at Jalgaon was approved by Government. Work on the project was already taken up. The machineries under the first phase for the manufacture of powder, were commissioned during May 1984. - The Company signed technical collaboration agreement with M/s. Sumitomo Special Metals Co. Ltd., Japan for updating of its cast magnet plant. A programme of modernisation of ferrite plant was also drawn up. 1983 - The facility for the manufacture of sector ferrite magnets under process was successfully set up at the Borivli plant. The programme of modernising ferrite plant was being successfully implemented. 1984 - Profits, however, were lower due to losses incurred by the Jalgaon plant. - 25,830 bonus shares issued in prop. 1:2. 1985 - The profitability was affected due to decline in production and sales of cast magnets, poorer sales realisation of errite magnets overall increase in costs of various inputs and substantial decline in production at the Jalgaon plant on account of continued teething problems. - Overall exports rose substantially to Rs.1.53 crores mainly due to sluggish demand for cast and ferrite magnets in the local markets. - The Company incurred losses mainly due to unremunerative prices for ferrite magnets coupled with rise in production costs etc. - The Company issued to UTI and LIC on private placement basis 15% secured redeemable non-convertible debentures for a total value of Rs.75,00,000. 1986 - The Company finalised a project for the manufacture of a family planning device - Copper T in collaboration with Leiras Pharmaceuticals, Finland. To implement the said project, a new Company by the name "Famy Care Ltd." was formed with the Company contributing to 10% of the new Company's capital. 1988 - The profitability, however, was adversely affected due to lower capacity utilisation at the Jalgaon plant, poor price realisation of hard ferrite rings, decline in exports of ferrite magnets and steep rise in the prices of raw materials. 1989 - The Company came under the provision of Sick Industrial Companies (Sp. provisions) Act, 1985 due to erosion in the net worth by more than 50%. Necessary steps were being taken. 1990 - 77,491 Rights shares issued at par in prop. 1:1 in February 1991. Additional 19,372 shares were allotted to retain oversubscription 1992 - 18,852 shares allotted on conversion of term loan of financial institution into shares. 1994 - During May, the Company issued 2,89,809 rights equity shares at a prem. of Rs.100 per share and in prop. 3:2. - 4,380 shares and 6,450 shares were allotted to IDBI and ICICI respectively on conversion of loans. 2003 -The Board approved to offer 2469225 equity shares of Rs 10 each at par on right basis to the existing shareholders of the company in the ratio of 1:2 2011 -Registered Office of the Company has been shifted To Plot No. 110/1/11 & 110/1/12, Himalaya Industrial Estate,Village Amli, Silvassa - 396230, Dadra and Nagar Havell (U.T.) 2013 - The Company has shifted its registered office to new premises to Harsh Avenue, 302, 3rd Floor, Opp. Silvassa Police Station, Silvassa Vapi Main Road, Silvassa- 396230. Dadra and Nagar Haveli (U.T.)

YEAR EVENTS 1960 - The Company was Incorported on 26th November, at Baroda. - The Company's object is to manufacture and deal in all kinds of permanent magnets, ores, metals, alloys and their products. 1961 - Allotted 1,100 shares without payment in cash and 2,900 shares for cash to Centro Magneti Permanenti. 10,710 shares to promoters, etc. and 10,290 shares to the public in Jan. 1961. 1962 - Final call of Rs.25 per share made during the year. 1967 - 2,500 Bonus equity shares issued in the prop. 1:10. 1971 - 16,500 Rights shares issued at par in prop. 3:5. Only 13,829 shares taken up. 1980 - 10,332 bonus shares issued in prop. 1:4. 1981 - The Company issued as Rights secured non-convertible debentures for Rs.38.75 lakhs for working capital purposes. 1982 - The Company's application for expansion of the capacity of hard ferrite plant at Jalgaon was approved by Government. Work on the project was already taken up. The machineries under the first phase for the manufacture of powder, were commissioned during May 1984. - The Company signed technical collaboration agreement with M/s. Sumitomo Special Metals Co. Ltd., Japan for updating of its cast magnet plant. A programme of modernisation of ferrite plant was also drawn up. 1983 - The facility for the manufacture of sector ferrite magnets under process was successfully set up at the Borivli plant. The programme of modernising ferrite plant was being successfully implemented. 1984 - Profits, however, were lower due to losses incurred by the Jalgaon plant. - 25,830 bonus shares issued in prop. 1:2. 1985 - The profitability was affected due to decline in production and sales of cast magnets, poorer sales realisation of errite magnets overall increase in costs of various inputs and substantial decline in production at the Jalgaon plant on account of continued teething problems. - Overall exports rose substantially to Rs.1.53 crores mainly due to sluggish demand for cast and ferrite magnets in the local markets. - The Company incurred losses mainly due to unremunerative prices for ferrite magnets coupled with rise in production costs etc. - The Company issued to UTI and LIC on private placement basis 15% secured redeemable non-convertible debentures for a total value of Rs.75,00,000. 1986 - The Company finalised a project for the manufacture of a family planning device - Copper T in collaboration with Leiras Pharmaceuticals, Finland. To implement the said project, a new Company by the name "Famy Care Ltd." was formed with the Company contributing to 10% of the new Company's capital. 1988 - The profitability, however, was adversely affected due to lower capacity utilisation at the Jalgaon plant, poor price realisation of hard ferrite rings, decline in exports of ferrite magnets and steep rise in the prices of raw materials. 1989 - The Company came under the provision of Sick Industrial Companies (Sp. provisions) Act, 1985 due to erosion in the net worth by more than 50%. Necessary steps were being taken. 1990 - 77,491 Rights shares issued at par in prop. 1:1 in February 1991. Additional 19,372 shares were allotted to retain oversubscription 1992 - 18,852 shares allotted on conversion of term loan of financial institution into shares. 1994 - During May, the Company issued 2,89,809 rights equity shares at a prem. of Rs.100 per share and in prop. 3:2. - 4,380 shares and 6,450 shares were allotted to IDBI and ICICI respectively on conversion of loans. 2003 -The Board approved to offer 2469225 equity shares of Rs 10 each at par on right basis to the existing shareholders of the company in the ratio of 1:2 2011 -Registered Office of the Company has been shifted To Plot No. 110/1/11 & 110/1/12, Himalaya Industrial Estate,Village Amli, Silvassa - 396230, Dadra and Nagar Havell (U.T.) 2013 - The Company has shifted its registered office to new premises to Harsh Avenue, 302, 3rd Floor, Opp. Silvassa Police Station, Silvassa Vapi Main Road, Silvassa- 396230. Dadra and Nagar Haveli (U.T.)

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Parent Organisation

Permanent Magnets Ltd.

Founded

26/11/1960

Managing Director

Mr.Sharad Taparia

NSE Symbol

PERMAGNETBE

FAQ

The current price of Permanent Magnets Ltd is

The 52-week high for Permanent Magnets Ltd is

The market capitalization of Permanent Magnets Ltd is currently This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

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The CEO of Permanent Magnets Ltd is Mr.Sharad Taparia, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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