Permanent Magnet
BSE: PERMAGN · Other Electrical Equipment
Snapshot
Unlock Permanent Magnet's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Permanent Magnets Ltd. specialises in the manufacturing of alnico cast magnets, yoke assemblies, and various components for electricity meters. The company operates through diverse divisions including magnetic assemblies, shunts, brass terminals, and magnetic cores.
Business Model
The company generates revenue by supplying specialised electrical components and magnetic assemblies to the power and electronics sectors. It leverages its manufacturing capabilities to provide critical parts for electricity metering infrastructure.
- Incorporation Date:November 26, 1960
Growth Outlook
Growth is primarily driven by the ongoing modernisation of electricity grids and the increasing demand for smart metering solutions in India. The company continues to focus on its core competencies in magnetic assemblies and precision electrical components.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of metals like aluminium, nickel, and cobalt can significantly impact manufacturing margins.
- Technological Obsolescence. Rapid advancements in metering technology may reduce demand for traditional magnetic components and assemblies.
- Sectoral Concentration. Heavy reliance on the electricity meter industry exposes the company to cyclical capital expenditure patterns within the power sector.
- Regulatory Risk. Changes in government policies regarding power infrastructure and smart meter rollouts could affect order volumes.
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Key Metrics
REVENUE
₹226 Cr
TTM · consolidated
NET PROFIT
₹15 Cr
TTM · consolidated
EPS
₹17.54
TTM · consolidated
RETURN ON EQUITY
10.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
14.6%
TTM · consolidated
P/E
50.6x
Q4 FY26 · consolidated
EV/EBITDA
18.9x
Q4 FY26 · consolidated
EBITDA MARGIN
18.9%
TTM · consolidated
NET PROFIT MARGIN
6.0%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.5x
Q4 FY26 · consolidated
Peers · Other Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Permanent MagnetPERMAGN | ₹764 Cr | 50.64 | 18.85 | 10.3% | 18.9% | 10.0% | 14.6% | -11.8% |
Kirloskar Electric Company LimitedKECL | ₹840 Cr | 111.87 | 20.67 | 3.4% | 7.9% | 6.0% | 15.3% | +8.4% |
Prostarm Info Systems LimitedPROSTARM | ₹793 Cr | 21.42 | 15.52 | — | 13.9% | 18.3% | 26.1% | -28.5% |
Mangal Electrical Industries LimitedMEIL | ₹788 Cr | 15.52 | 10.55 | — | 12.7% | 8.0% | 12.2% | -48.7% |
GEE Ltd.GEE | ₹709 Cr | — | — | -9.6% | 12.2% | 10.5% | 17.3% | -24.4% |
Spel SemiconductSPELS | ₹689 Cr | -29.88 | -194.04 | -13.0% | -48.4% | -100.3% | -29.0% | -27.8% |
As of Q4 FY26
Financials
Permanent Magnet
BSE: PERMAGN · Other Electrical Equipment
Snapshot
Unlock Permanent Magnet's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Permanent Magnets Ltd. specialises in the manufacturing of alnico cast magnets, yoke assemblies, and various components for electricity meters. The company operates through diverse divisions including magnetic assemblies, shunts, brass terminals, and magnetic cores.
Business Model
The company generates revenue by supplying specialised electrical components and magnetic assemblies to the power and electronics sectors. It leverages its manufacturing capabilities to provide critical parts for electricity metering infrastructure.
- Incorporation Date:November 26, 1960
Growth Outlook
Growth is primarily driven by the ongoing modernisation of electricity grids and the increasing demand for smart metering solutions in India. The company continues to focus on its core competencies in magnetic assemblies and precision electrical components.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of metals like aluminium, nickel, and cobalt can significantly impact manufacturing margins.
- Technological Obsolescence. Rapid advancements in metering technology may reduce demand for traditional magnetic components and assemblies.
- Sectoral Concentration. Heavy reliance on the electricity meter industry exposes the company to cyclical capital expenditure patterns within the power sector.
- Regulatory Risk. Changes in government policies regarding power infrastructure and smart meter rollouts could affect order volumes.
Start your research today
Unlock AI insights, financials, peers and live data on Permanent Magnet and 5,000+ companies — free.
Key Metrics
REVENUE
₹226 Cr
TTM · consolidated
NET PROFIT
₹15 Cr
TTM · consolidated
EPS
₹17.54
TTM · consolidated
RETURN ON EQUITY
10.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
14.6%
TTM · consolidated
P/E
50.6x
Q4 FY26 · consolidated
EV/EBITDA
18.9x
Q4 FY26 · consolidated
EBITDA MARGIN
18.9%
TTM · consolidated
NET PROFIT MARGIN
6.0%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.5x
Q4 FY26 · consolidated
Peers · Other Electrical Equipment
As of Q4 FY26