About
Permanent Magnets Limited engages in the manufacture and sale of cast alloy permanent magnets, parts, and accessories of electricity and electric vehicle worldwide. The company offers automotive shunt resistors, shunt assembly, and overmolded shunt assemblies; magnetic filter, self-cleaning magnetic grill pneumatic and filter, magnetic drum separator and plate, clean magnetic grill, magnetic drawer type grill, magnetic rod and hump, magnetic rota grid separator, plate type magnetic chute, IFR machine tea filtration, drawer clean magnetic grill, single and two pole suspended permanent magnet, cross belt and magnetic roller separator, magnetic pulley, and pneumatic chute magnet; soft magnetic, special, medical grade, high performance steel, and rare earth alloys; nanocrystalline cores; energy meter core comprising current transformer, high performance nanocrystalline low and high tension current transformer cores, residual current circuit breaker, ground fault circuit interrupter, core balance transformers, common mode choke, and inverter nano cores. It also provides dowel pins, limiters, plugs, brass machined, and aluminium machined parts; die casting; PCB mount hall effect sensors; standalone plastic, and insert electrical molded parts; steel grades; alnico magnets; radial flux stator, stator laminations, and axial stator cores; CBCT and ELCB relay assemblies, and auxiliary relay; flux shields; laminated flux concentrators, U-shield, and concentrators; wound cut core; UCR and C-Shape flux concentrator; and torque and angle sensors. In addition, the company offers stamped heat sinks; power distribution components; probes; meters; and kits. Further, it provides die cast, plastic, brass, bi-metal, stainless steel and special copper alloy, and nickel alloy parts. The company serves automotive, aerospace, defense, energy and gas meters, renewable energy, medical, food beverage, and oil and gas industries. The company was incorporated in 1960 and is based in Thane, India.
Key Metrics
as of Sep 2026Quarterly Results
Rs. Crores ยท hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 63.23 | 66.54 | 57.02 | 49.13 | 53.55 | 45.28 | 49.35 | 56.10 | 54.32 | 53.60 | 50.53 | 53.71 | 43.64 |
| Expenses | 52.26 | 57.05 | 46.51 | 43.13 | 42.86 | 40.23 | 43.06 | 45.41 | 45.89 | 47.04 | 43.73 | 42.47 | 33.88 |
| Operating Profit | 10.97 | 9.49 | 10.51 | 6.00 | 10.69 | 5.05 | 6.29 | 10.69 | 8.43 | 6.56 | 6.80 | 11.24 | 9.76 |
| OPM % | 17.35 | 14.26 | 18.43 | 12.21 | 19.96 | 11.15 | 12.75 | 19.06 | 15.52 | 12.24 | 13.46 | 20.93 | 22.36 |
| Other Income | 0.93 | 2.54 | -0.84 | 1.38 | 1.24 | 0.45 | 1.06 | 1.29 | 1.36 | 1.82 | 1.06 | 0.62 | 0.95 |
| Depreciation | 3.54 | 5.12 | 3.55 | 3.21 | 2.64 | 3.53 | 3.17 | 2.50 | 2.23 | 3.08 | 1.94 | 2.02 | 1.23 |
| Interest | 2.37 | 1.56 | 1.45 | 0.47 | 0.62 | 0.28 | 1.03 | 0.55 | 0.54 | 1.12 | 0.81 | 0.17 | 0.18 |
| Profit before tax | 5.99 | 5.35 | 4.67 | 3.70 | 8.67 | 1.69 | 3.15 | 8.93 | 7.02 | 4.18 | 5.11 | 9.67 | 9.30 |
| Tax % | 36.56 | 25.42 | 51.82 | 35.95 | 28.84 | 6.51 | 35.24 | 20.49 | 28.21 | 39.95 | 24.85 | 26.78 | 27.10 |
| Net Profit | 3.80 | 3.99 | 2.25 | 2.37 | 6.17 | 1.58 | 2.04 | 7.10 | 5.04 | 2.51 | 3.84 | 7.08 | 6.78 |
| EPS in Rs | 4.42 | 4.64 | 2.62 | 2.76 | 7.18 | 1.84 | 2.37 | 8.26 | 5.86 | 2.92 | 4.47 | 8.23 | 7.89 |
Profit & Loss
Annual ยท Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Sales | 226.00 | 205.00 | 201.00 |
| Expenses | 189.00 | 175.00 | 167.00 |
| Operating Profit | 37.00 | 30.00 | 34.00 |
| OPM % | 16.00 | 15.00 | 17.00 |
| Other Income | 4.00 | 4.00 | 4.00 |
| Interest | 4.00 | 2.00 | 2.00 |
| Depreciation | 15.00 | 11.00 | 8.00 |
| Profit before tax | 22.00 | 21.00 | 28.00 |
| Tax % | 34.00 | 24.00 | 29.00 |
| Net Profit | 15.00 | 16.00 | 20.00 |
| EPS in Rs | 17.18 | 18.32 | 23.49 |
| Dividend Payout % | 13.00 | 11.00 | 8.00 |
Balance Sheet
Annual ยท Rs. Crores โ latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Equity Capital | 9.00 | 9.00 | 9.00 |
| Reserves | 149.00 | 135.00 | 121.00 |
| Borrowings | 88.00 | 24.00 | 16.00 |
| Other Liabilities | 37.00 | 26.00 | 45.00 |
| Total Liabilities | 282.00 | 194.00 | 191.00 |
| Fixed Assets | 78.00 | 62.00 | 40.00 |
| CWIP | 8.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 |
| Other Assets | 196.00 | 132.00 | 151.00 |
| Total Assets | 282.00 | 194.00 | 191.00 |
Cash Flows
Annual ยท Rs. Crores โ latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Cash from Operating Activity | 18.00 | 39.00 | 23.00 |
| Cash from Investing Activity | -43.00 | -29.00 | -22.00 |
| Cash from Financing Activity | 48.00 | -9.00 | 3.00 |
| Net Cash Flow | 23.00 | 1.00 | 3.00 |
| Free Cash Flow | -26.00 | 10.00 | 1.00 |
| CFO/OP % | 67.00 | 146.00 | 91.00 |
Ratios
Annual ยท Days / % โ latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Debtor Days | 88.00 | 70.00 | 72.00 |
| Inventory Days | 173.00 | 178.00 | 180.00 |
| Days Payable | 89.00 | 73.00 | 92.00 |
| Cash Conversion Cycle | 172.00 | 175.00 | 160.00 |
| Working Capital Days | 127.00 | 129.00 | 111.00 |
| ROCE % | 14.00 | 15.00 | โ |
Corporate Actions
6 records| Action | Ex Date | Record Date | Ratio | Amount (โน) | Notes |
|---|---|---|---|---|---|
| Dividend | 28 Jul 2026 | 28 Jul 2026 | โ | 2.20 | |
| Dividend | 30 Jul 2025 | 30 Jul 2025 | โ | 2.00 | |
| Dividend | 01 Aug 2024 | โ | โ | 1.80 | |
| Dividend | 23 Aug 2023 | โ | โ | 1.50 | |
| Dividend | 26 Aug 2022 | โ | โ | 1.20 | |
| Dividend | 09 Aug 2021 | 10 Aug 2021 | โ | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results โ Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update20 Feb from smera
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Rating update22 Nov 2024 from smera
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Rating update16 Apr 2024 from smera
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Rating update17 Feb 2023 from smera
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Rating update9 Dec 2021 from smera
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Rating update22 Sep 2020 from smera