Aankondiging • Aug 06
Permanent Magnets Limited Approves Final Dividend for the Year Ended March 31, 2026 Permanent Magnets Limited at its Annual general meeting held on August 5, 2026 approved final Dividend of INR 2.20/- per Equity Share for the financial year ended March 31, 2026. Aankondiging • Jul 27
Permanent Magnets Limited to Report Q1, 2027 Results on Aug 04, 2026 Permanent Magnets Limited announced that they will report Q1, 2027 results on Aug 04, 2026 Reported Earnings • Jul 18
Full year 2026 earnings released: EPS: ₹17.18 (vs ₹18.32 in FY 2025) Full year 2026 results: EPS: ₹17.18 (down from ₹18.32 in FY 2025). Revenue: ₹2.26b (up 10% from FY 2025). Net income: ₹147.7m (down 6.2% from FY 2025). Profit margin: 6.5% (down from 7.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 16
Dividend increased to ₹2.20 Dividend of ₹2.20 is 10% higher than last year. Ex-date: 28th July 2026 Payment date: 4th September 2026 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 86% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.8% EPS decline seen over the last 5 years. Aankondiging • Jul 13
Permanent Magnets Limited, Annual General Meeting, Aug 05, 2026 Permanent Magnets Limited, Annual General Meeting, Aug 05, 2026, at 14:30 Indian Standard Time. Reported Earnings • May 15
Full year 2026 earnings released: EPS: ₹17.52 (vs ₹18.32 in FY 2025) Full year 2026 results: EPS: ₹17.52 (down from ₹18.32 in FY 2025). Revenue: ₹2.32b (up 13% from FY 2025). Net income: ₹147.7m (down 6.2% from FY 2025). Profit margin: 6.4% (down from 7.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Aankondiging • May 05
Permanent Magnets Limited to Report Q4, 2026 Results on May 13, 2026 Permanent Magnets Limited announced that they will report Q4, 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹970, the stock trades at a trailing P/E ratio of 67.3x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total loss to shareholders of 5.0% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹731, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 27% over the past three years. New Risk • Feb 10
New major risk - Revenue and earnings growth Earnings have declined by 3.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹7.72b market cap, or US$85.2m). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹2.62 (vs ₹2.38 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.62 (up from ₹2.38 in 3Q 2025). Revenue: ₹584.2m (up 18% from 3Q 2025). Net income: ₹22.5m (up 10% from 3Q 2025). Profit margin: 3.9% (down from 4.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹880, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 9.4% over the past three years. Aankondiging • Jan 30
Permanent Magnets Limited to Report Q3, 2026 Results on Feb 09, 2026 Permanent Magnets Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹888, the stock trades at a trailing P/E ratio of 62.9x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 31% over the past three years. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹2.76 (vs ₹8.25 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.76 (down from ₹8.25 in 2Q 2025). Revenue: ₹505.0m (down 10.0% from 2Q 2025). Net income: ₹23.7m (down 67% from 2Q 2025). Profit margin: 4.7% (down from 13% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Nov 03
Permanent Magnets Limited to Report Q2, 2026 Results on Nov 12, 2025 Permanent Magnets Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,202, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 181% over the past three years. Aankondiging • Jul 29
Permanent Magnets Limited to Report Q1, 2026 Results on Aug 06, 2025 Permanent Magnets Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • Jul 18
Full year 2025 earnings released: EPS: ₹18.32 (vs ₹23.49 in FY 2024) Full year 2025 results: EPS: ₹18.32 (down from ₹23.49 in FY 2024). Revenue: ₹2.05b (up 1.8% from FY 2024). Net income: ₹157.5m (down 22% from FY 2024). Profit margin: 7.7% (down from 10.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Aankondiging • Jul 14
Permanent Magnets Limited, Annual General Meeting, Aug 07, 2025 Permanent Magnets Limited, Annual General Meeting, Aug 07, 2025, at 14:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹883, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 162% over the past three years. New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹6.88b market cap, or US$80.2m). Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹18.30 (vs ₹23.24 in FY 2024) Full year 2025 results: EPS: ₹18.30 (down from ₹23.24 in FY 2024). Revenue: ₹2.09b (up 3.8% from FY 2024). Net income: ₹157.5m (down 21% from FY 2024). Profit margin: 7.5% (down from 9.9% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Aankondiging • May 15
Permanent Magnets Limited to Report Fiscal Year 2025 Results on May 23, 2025 Permanent Magnets Limited announced that they will report fiscal year 2025 results on May 23, 2025 New Risk • Feb 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (₹6.48b market cap, or US$74.6m). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹2.38 (vs ₹4.47 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.38 (down from ₹4.47 in 3Q 2024). Revenue: ₹504.1m (flat on 3Q 2024). Net income: ₹20.4m (down 47% from 3Q 2024). Profit margin: 4.0% (down from 7.6% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Aankondiging • Feb 04
Permanent Magnets Limited to Report Q3, 2025 Results on Feb 14, 2025 Permanent Magnets Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,020, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 177% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹8.25 (vs ₹8.23 in 2Q 2024) Second quarter 2025 results: EPS: ₹8.25 (up from ₹8.23 in 2Q 2024). Revenue: ₹573.9m (up 6.9% from 2Q 2024). Net income: ₹71.0m (flat on 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 31
Permanent Magnets Limited to Report Q2, 2025 Results on Nov 12, 2024 Permanent Magnets Limited announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Sep 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.34b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (8.6% net profit margin). Market cap is less than US$100m (₹8.34b market cap, or US$99.4m). Aankondiging • Aug 10
Permanent Magnets Limited Appoints Nirmal Kumar Jain, as A Non-Executive, Independent Director Permanent Magnets Limited at its AGM held on August 09, 2024, approved appointment of Shri. Nirmal Kumar Jain, as a Non-Executive, Independent Director of the Company, for a tenure of 5 consecutive years beginning with August 09, 2024 till August 08, 2029. Shri. Nirmal Kumar Jain, is a Fellow Member of The Institute of Chartered Accountants of India and The Institute of Company Secretaries of India. Shri. Nirmal Kumar Jain has held several key positions in the JSW Group. He possesses rich and varied experience spanning over four decades in the areas of Strategic Planning, Project Identification, Appraisal, Corporate Financial Management and other allied areas. His expertise and contributions to the company in business strategy and finance have helped to drive significant growth and enhance overall financial performance. Aankondiging • Aug 02
Permanent Magnets Limited to Report Q1, 2025 Results on Aug 09, 2024 Permanent Magnets Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Upcoming Dividend • Jul 25
Upcoming dividend of ₹1.80 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 08 September 2024. Payout ratio is a comfortable 7.7% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (1.6%). Reported Earnings • Jul 22
Full year 2024 earnings released: EPS: ₹23.24 (vs ₹34.60 in FY 2023) Full year 2024 results: EPS: ₹23.24 (down from ₹34.60 in FY 2023). Revenue: ₹2.01b (up 10% from FY 2023). Net income: ₹199.8m (down 33% from FY 2023). Profit margin: 9.9% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 16
Permanent Magnets Limited, Annual General Meeting, Aug 09, 2024 Permanent Magnets Limited, Annual General Meeting, Aug 09, 2024, at 14:30 Indian Standard Time. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹23.48 (vs ₹34.60 in FY 2023) Full year 2024 results: EPS: ₹23.48 (down from ₹34.60 in FY 2023). Revenue: ₹2.06b (up 13% from FY 2023). Net income: ₹202.0m (down 32% from FY 2023). Profit margin: 9.8% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 09
Permanent Magnets Limited to Report Q4, 2024 Results on May 16, 2024 Permanent Magnets Limited announced that they will report Q4, 2024 results on May 16, 2024 New Risk • Mar 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹1,206, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 521% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹1,038, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 560% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹4.47 (vs ₹10.58 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.47 (down from ₹10.58 in 3Q 2023). Revenue: ₹515.9m (down 2.3% from 3Q 2023). Net income: ₹38.4m (down 58% from 3Q 2023). Profit margin: 7.4% (down from 17% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: ₹8.23 (vs ₹8.91 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.23 (down from ₹8.91 in 2Q 2023). Revenue: ₹537.1m (up 18% from 2Q 2023). Net income: ₹70.7m (down 7.7% from 2Q 2023). Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 28
Permanent Magnets Limited to Report Q2, 2024 Results on Nov 07, 2023 Permanent Magnets Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Aankondiging • Sep 01
Permanent Magnets Limited Proposes Final Dividend of for the Financial Year Ended March 31, 2023 Permanent Magnets Limited proposed to declare a final dividend of INR 1.50/- per equity shares, for the financial year ended March 31, 2023. Upcoming Dividend • Aug 16
Upcoming dividend of ₹1.50 per share at 0.1% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 30 September 2023. Payout ratio is a comfortable 4.3% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (7.4%). Reported Earnings • Aug 10
Full year 2023 earnings released: EPS: ₹34.60 (vs ₹22.15 in FY 2022) Full year 2023 results: EPS: ₹34.60 (up from ₹22.15 in FY 2022). Revenue: ₹1.83b (up 41% from FY 2022). Net income: ₹297.5m (up 56% from FY 2022). Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 08
Permanent Magnets Limited, Annual General Meeting, Aug 31, 2023 Permanent Magnets Limited, Annual General Meeting, Aug 31, 2023, at 14:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023 along with notes and schedules thereon as on that date and the reports of the Board of Directors and Auditors' thereon; to declare a final dividend of 1.50/- per equity shares, for the financial year ended March 31, 2023; to appoint a director in place of Sunaina Taparia who retires by rotation and being eligible, offers herself for re-appointment; and to consider other matter if any. Aankondiging • Aug 04
Permanent Magnets Limited to Report Q1, 2024 Results on Aug 11, 2023 Permanent Magnets Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹1,520, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 1,448% over the past three years. New Risk • Jun 28
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,207, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 1,224% over the past three years. Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹34.61 (vs ₹22.15 in FY 2022) Full year 2023 results: EPS: ₹34.61 (up from ₹22.15 in FY 2022). Revenue: ₹1.88b (up 45% from FY 2022). Net income: ₹297.5m (up 56% from FY 2022). Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 18
Permanent Magnets Limited Recommends Dividend for the Financial Year Ended March 31, 2023 Permanent Magnets Limited announced that the Board of Directors of the Company, at its meeting held on May 17, 2023, board of Directors recommended a Dividend of INR 1.50 per Equity Share 15% on the Face Value of INR 10 each for the year ended March 31, 2023, subject to the approval of members at the ensuing Annual General Meeting (AGM). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,168, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 1,300% over the past three years. Aankondiging • May 11
Permanent Magnets Limited to Report Fiscal Year 2023 Results on May 17, 2023 Permanent Magnets Limited announced that they will report fiscal year 2023 results on May 17, 2023 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹842, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 1,192% over the past three years. Recent Insider Transactions • Feb 15
Insider recently sold ₹387k worth of stock On the 8th of February, Kamaladevi Taparia sold around 500 shares on-market at roughly ₹774 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹10.58 (vs ₹4.19 in 3Q 2022) Third quarter 2023 results: EPS: ₹10.58 (up from ₹4.19 in 3Q 2022). Revenue: ₹542.9m (up 96% from 3Q 2022). Net income: ₹90.9m (up 153% from 3Q 2022). Profit margin: 17% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 23
Permanent Magnets Limited to Report Q3, 2023 Results on Jan 31, 2023 Permanent Magnets Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Kamal Binani was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 05
Permanent Magnets Limited to Report Q2, 2023 Results on Nov 11, 2022 Permanent Magnets Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 15% share price gain to ₹552, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 497% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹506, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 376% over the past three years. Aankondiging • Sep 08
Permanent Magnets Limited Approves Final Dividend for the Financial Year Ended March 31, 2022 Permanent Magnets Limited approved final dividend of INR 1.20 per equity shares, for the financial year ended March 31, 2022, at the AGM held on September 6, 2022. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 21% share price gain to ₹416, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 308% over the past three years. Upcoming Dividend • Aug 19
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 26 August 2022. Payment date: 06 October 2022. Payout ratio is a comfortable 5.6% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (6.5%). Aankondiging • Aug 11
Permanent Magnets Limited, Annual General Meeting, Sep 06, 2022 Permanent Magnets Limited, Annual General Meeting, Sep 06, 2022, at 11:30 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2022 along with notes and schedules thereon as on that date and the reports of the Board of Directors and Auditors' thereon; to declare a final dividend of 1.20/- per equity shares, for the financial year ended March 31, 2022; to appoint a director in place of Shri. Girish Desai, who retires by rotation and being eligible, offers himself for re-appointment; to consider appointment of Statutory Auditors; to consider re-appointment of Shri. Kamal Binani as an independent director; and to transact other matters. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹4.88 (vs ₹5.55 in 1Q 2022) First quarter 2023 results: EPS: ₹4.88 (down from ₹5.55 in 1Q 2022). Revenue: ₹362.9m (up 15% from 1Q 2022). Net income: ₹42.0m (down 12% from 1Q 2022). Profit margin: 12% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 30
Permanent Magnets Limited to Report Q1, 2023 Results on Aug 09, 2022 Permanent Magnets Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 18% share price gain to ₹342, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 99% over the past three years. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹22.16 (vs ₹18.77 in FY 2021) Full year 2022 results: EPS: ₹22.16 (up from ₹18.77 in FY 2021). Revenue: ₹1.30b (up 11% from FY 2021). Net income: ₹190.4m (up 18% from FY 2021). Profit margin: 15% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 31
Permanent Magnets Limited Recommends Dividend for the Financial Year Ended March 31, 2022 Permanent Magnets Limited at its board meeting held on May 30, 2022 recommended a Dividend of INR 1.20 per Equity Share i.e 12% on the Face Value of INR 10/- each for the year ended March 31,2022, subject to the approval of members at the up coming Annual General Meeting. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹283, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 47% over the past three years. Aankondiging • May 21
Permanent Magnets Limited to Report Q4, 2022 Results on May 30, 2022 Permanent Magnets Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Kamal Binani was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.19 (down from ₹5.30 in 3Q 2021). Revenue: ₹286.4m (down 11% from 3Q 2021). Net income: ₹36.0m (down 21% from 3Q 2021). Profit margin: 13% (down from 14% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 03
Permanent Magnets Limited to Report Q3, 2022 Results on Feb 11, 2022 Permanent Magnets Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 18% share price gain to ₹393, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 121% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS ₹5.38 (vs ₹4.16 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: ₹320.1m (flat on 2Q 2021). Net income: ₹46.3m (up 29% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 33% share price gain to ₹469, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 234% over the past three years. Upcoming Dividend • Aug 02
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 09 August 2021. Payment date: 16 September 2021. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₹386, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 283% over the past three years. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Rajeev Mundra was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 21
Full year 2021 earnings released: EPS ₹18.77 (vs ₹16.65 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹1.17b (up 9.5% from FY 2020). Net income: ₹161.4m (up 13% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 16% share price gain to ₹347, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 273% over the past three years. Reported Earnings • May 29
Full year 2021 earnings released: EPS ₹18.79 (vs ₹16.65 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹1.18b (up 10% from FY 2020). Net income: ₹161.4m (up 13% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 29
Permanent Magnets Limited Recommends Dividend for the Year Ended March 31, 2021 Permanent Magnets Limited announced that Board of Directors recommended a Dividend of INR 1 per Equity Share for the year ended March 31, 2021, subject to the approval of members in the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days from the date of approval of members at the upcoming AGM of the Company. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 21% share price gain to ₹291, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 221% over the past three years. Recent Insider Transactions • Apr 06
Insider recently sold ₹1.5m worth of stock On the 31st of March, Poornimadevi Taparia sold around 8k shares on-market at roughly ₹193 per share. In the last 3 months, they made an even bigger sale worth ₹2.5m. Insiders have been net sellers, collectively disposing of ₹31m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹221, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 125% over the past three years. Recent Insider Transactions • Apr 01
Insider recently sold ₹2.5m worth of stock On the 26th of March, Poornimadevi Taparia sold around 13k shares on-market at roughly ₹197 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹30m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 18% share price gain to ₹192, the stock is trading at a trailing P/E ratio of 12.1x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 16x in the Metals and Mining industry in India. Total returns to shareholders over the past three years are 119%. Is New 90 Day High Low • Mar 09
New 90-day high: ₹170 The company is up 21% from its price of ₹140 on 09 December 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 30% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹5.30 (vs ₹4.46 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₹322.8m (up 19% from 3Q 2020). Net income: ₹45.5m (up 19% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 02
Permanent Magnets Limited to Report Q3, 2021 Results on Feb 11, 2021 Permanent Magnets Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 21% share price gain to ₹169, the stock is trading at a trailing P/E ratio of 11.2x, up from the previous P/E ratio of 9.3x. This compares to an average P/E of 16x in the Metals and Mining industry in India. Total returns to shareholders over the past three years are 47%. Recent Insider Transactions • Dec 08
Insider recently sold ₹4.2m worth of stock On the 4th of December, Rameshchandra Taparia sold around 30k shares on-market at roughly ₹141 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹5.8m more than they bought in the last 12 months. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS ₹4.16 The company reported a mediocre second quarter result with weaker earnings, although profit margins were flat and revenues were improved. Second quarter 2021 results: Revenue: ₹318.7m (up 1.7% from 2Q 2020). Net income: ₹35.8m (down 3.7% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 40% per year. 
