What the business is, and whether it's a good one at a fair price.
Manufactures permanent magnets, specialised magnetic alloys, and electromagnetic relays, with three operating pillars. The Alloys division supplies magnetic alloys to oil & gas, aerospace and powder-metallurgy customers; a new furnace was installed in January 2026 and commercialised in Q4 FY26, running at 80-90% utilisation. The Relays business targets India's smart electricity-meter replacement programme, with a 5 million-unit annual capacity that is in customer-approval stage ahead of an H2 FY27 commercial ramp. Rare earth magnets are operated through subsidiary Quantum Magnetics, a 50-50 JV with Lorentic Pte, where Phase 2 (block cutting, machining, surface treatment) is under implementation for Q3-Q4 FY27 commissioning, with a stated long-term target of 5,000 tonnes of rare earth capacity by FY30-31. FY26 standalone revenue of ₹226.24 crore grew about 13% year-on-year, with the Alloys division driving an H2 recovery; FY27 revenue growth is guided at 20-30% with EBITDA margin at 15-18%. Materials are the largest cost at 54.1% of revenue, reflecting the input-heavy nature of magnet and alloy manufacturing. Six existing Mumbai plants are being consolidated into a single new Vasai facility.
Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from PERMANENT MAGNETS LTD.'s filed financials and exchange disclosures
PERMANENT MAGNETS LTD. is a Electrical Equipment company listed on NSE and BSE, trading under the symbol PERMAGN.
Yes. Over the trailing twelve months PERMANENT MAGNETS LTD. reported a net profit of ₹15 Cr on revenue of ₹226 Cr.
Yes. The dividend yield is 0.23% at the current price. It paid out 12% of its profit as dividend in FY26.
No. Debt stands at 0.45× equity, and it carries net debt of ₹42 Cr. That is lower than 39% of its 53 Other Electrical Equipment peers.
On trailing P/E, PERMANENT MAGNETS LTD. ranks 44 of 53 in Other Electrical Equipment — cheaper than 17% of them, against an industry median of 26.2×. This is a position, not a valuation judgement.
Every NSE and BSE filing by PERMANENT MAGNETS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
