Permanent Magnets
- Market cap
- ₹ 735 Cr.
- P/E
- 48.2x
- P/B
- 4.92x
- 52-week range
- 784.05 – 1,145
- ROE
- 11%
- ROCE
- 14%
- Dividend yield
- 0.2%
- Debt / equity
- 0.56
- Sector
- Electrical Equipment
- Industry
- Other Electrical Equipment
- Listed on
- NSE, BSE
About
Permanent Magnets Limited is an India-based solution provider of electrical components and assemblies based on certain core technologies that find application in the automobile, energy meter, renewable energy, aerospace and defense, food and beverage, and many other industries. The Company has five core product platforms, wherein it designs and delivers various customer-specific solutions. These include magnetic sensing, current sensing, magnetic assemblies, alloys and ZAMAK die-casting. The Company’s products include Hi-Perm, Shunt, Nano Amorphous, Magnetic Assemblies, Alnico Magnets, Zamak, Rotor & Stator assemblies, and Busbar. Its Hi-Perm products include Soft Magnetic Alloys and Their Properties; Components in CoFe Alloys; Kits, Meters & Probes; and Standard Products. Its Shunt products include Shunt Assembly for Energy Meters, Brass Terminals, and Automotive Shunt. Its Nano Amorphous includes CTs for Energy Meter, RCCB, CBCT, Amorphous Cut Cores and Nano Crystalline Core.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Electrical Equipment: 83 companies →Permanent Magnets against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)48.2 against a typical 25.4: pricier than most peers (1st = cheapest).63rd of 80
- Sales growth+18.1% against a typical +32% from a year earlier.43rd of 69
- Profit growth−38.4% against a typical +15.9% from a year earlier.45th of 64
- Size₹ 734.6 Cr. market value against a typical ₹ 553.8 Cr. (1st = largest).29th of 77
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by Acuite- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Acuite | ACUITE BBB | Stable | 20 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 20 Feb 2026 | ▲ Upgrade | ACUITE BBB | — | Acuite | ₹ 34.48 Cr. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 54 | 51 | 54 | 54 | 56 | 49 | 45 | 54 | 49 | 57 | 67 | 63 |
| Expenses | 42 | 44 | 47 | 46 | 45 | 43 | 40 | 43 | 43 | 47 | 57 | 52 |
| Operating Profit | 11 | 7 | 7 | 8 | 11 | 6 | 5 | 11 | 6 | 11 | 9 | 11 |
| OPM % | 20.9% | 13.5% | 12.2% | 15.5% | 19.1% | 12.8% | 11.2% | 20% | 12.2% | 18.4% | 14.3% | 17.4% |
| Other Income | 1 | 1 | 2 | 1 | 1 | 1 | 0 | 1 | 1 | −1 | 3 | 1 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 2 | 2 |
| Depreciation | 2 | 2 | 3 | 2 | 3 | 3 | 4 | 3 | 3 | 4 | 5 | 4 |
| Profit before tax | 10 | 5 | 4 | 7 | 9 | 3 | 2 | 9 | 4 | 5 | 5 | 6 |
| Tax % | 26.8% | 24.9% | 40% | 28.2% | 20.5% | 35.2% | 6.5% | 28.8% | 36% | 51.8% | 25.4% | 36.6% |
| Net Profit | 7 | 4 | 3 | 5 | 7 | 2 | 2 | 6 | 2 | 2 | 4 | 4 |
| EPS in Rs | 8.23 | 4.47 | 2.92 | 5.86 | 8.26 | 2.37 | 1.84 | 7.18 | 2.76 | 2.62 | 4.64 | 4.42 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 15%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −22%
- 10 Years
- 48%
- 5 Years
- 19%
- 3 Years
- −19%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Permanent Magnets | ₹ 1,011.10 | ₹ 735 Cr. | 48.2x | 4.9x | 11% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Sukhmal Jain
- Chief Financial Officer, Senior Vice President - Finance
- Rachana Paresh Rane
- Compliance Officer, Company Secretary
- Sharad Kumar Taparia
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.