Permanent Magnets Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 24 May 2026 | Electrical Equipment | Market Cap: ₹724 Cr
Alloys division expected to scale up commercial production significantly in FY27, potentially 3 to 4 times FY26 volumes. FY27 growth expected between 20% to 30%, possibly higher based on order wins in Alloys and Relays businesses.
From Permanent Magnets Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹864
Market Cap
₹724 Cr
P/E Ratio
54.9
Revenue Rank
Margin Rank
How does Permanent Magnets Ltd rank in Electrical Equipment?
Compare Permanent Magnets Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
Permanent Magnets Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹67 Cr, net profit ₹4 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →Alloys division expected to scale up commercial production significantly in FY27, potentially 3 to 4 times FY26 volumes.
- →Relays project commercial ramp-up delayed, now expected from second half (H2) of FY27 with estimated revenues of INR 25-50 crores at 100% utilization for initial 5 million capacity. Capacity to increase based on customer orders.
- →Quantum Magnetics Phase 2 capex and commercial sales planned for Q3/Q4 FY27; long-term goal of 5,000-tonne capacity with potential revenues between INR 3,000-4,000 crores.
- →Overall revenue growth guidance for FY27 expected in the range of 20% to 30%, driven by orders in Alloys and Relays segments.
- →Outlook beyond FY27 to scale up depends on successful implementation of capacities, customer adoption, and government incentives (PLI scheme evaluation ongoing).
- →Market expansion potential in smart meter components (addressable market ~INR 6,500-7,000 crores) and Quantum Magnetics.
📈 Profitability & Margins
Rank 3- →FY27 growth expected between 20% to 30%, possibly higher based on order wins in Alloys and Relays businesses.
- →EBITDA margins anticipated to stay stable at 15%-18% in FY27.
- →Alloys division expected to ramp up 3-4 times FY26 revenue in FY27, driven mainly by oil & gas segment.
- →Relays commercial ramp-up planned for H2 FY27 with projected revenues of INR 25-50 crores at 100% utilization.
- →Quantum Magnetics to begin commercial sales from Q4 FY27, with long-term capacity planned at 5,000 tonnes targeting INR 3,000-4,000 crores revenue.
- →Capex plans of INR 40-50 crores for PML standalone and similar for Quantum over 18 months, funded by a mix of internal accruals, debt, and equity.
- →Growth dependent on customer adoption, market developments, and government incentives (under evaluation).
- →Management targeting scaling up commercial operations across key growth pillars (Alloys, Relays, Quantum Magnetics) to drive profits in coming years.
🏗️ Capital Expenditure Plans
Yes- →Capex for FY27 includes INR 40-50 crores for Permanent Magnets Limited (PML) standalone business and another INR 40-50 crores planned for Quantum Magnetics subsidiary.
- →Around $5 million (approx. INR 40 crores) is planned as Quantum Magnetics' contribution over 18 months.
- →Capex funding will be a mix of debt and equity; internal accruals also expected to be used.
- →New factory consolidation: INR 20 crores spent to combine 6 plants near Vasai on Ahmedabad highway; land already acquired.
- →Relays plant phase-wise investment: initial setup with 5 million capacity (INR 25-50 crores revenue expected at 100% utilization in H2 FY27), expansion to 10 million capacity depending on orders.
- →Quantum Magnetics Phase 2 capex (block cutting, machining, surface treatment) expected to be implemented by Q3-Q4 FY27, with future powder to block manufacturing investments under planning.
- →Evaluation ongoing regarding participation in government PLI schemes for rare earth segment.
💰 Fundraising & Capital Structure
Yes- →The company plans capex of INR 40-50 crores for Permanent Magnets Limited (PML) and another INR 40-50 crores for Quantum Magnetics over the next ~18 months.
- →Funding for these investments will be a combination of debt and equity, though the final mix is yet to be decided.
- →The company has already taken an ECB (External Commercial Borrowing) of $5 million to fund capex in subsidiaries, contributing to increased consolidated debt.
- →Management indicated that fundraising could involve both internal accruals and external financing but no specific imminent fundraising event was confirmed.
- →No new debt or equity raise was explicitly announced during the call; the company is still finalizing the funding plan based on evolving business needs and capex schedules.
📋 Order Book & Pipeline
No information- →The Relays plant is being set up phase-wise with an initial capacity of 5 million units, potentially increasing to 10 million based on orders received.
- →Ramp-up of Relay production depends on successful pilot testing and customer approvals.
- →Expected revenue from the Relays project is INR 25 crores to INR 50 crores at 100% utilization starting second half (H2) of FY27.
- →Sales judgment for Relays after September is based on current customer indications but may change depending on customer adoption speed.
- →For Quantum Magnetics, Phase 2 capex is expected by Q3/Q4 FY27, with production scaling planned in a phased manner.
- →Alloy division is seeing ramp-up in commercial production with potential 3-4 times growth in FY27 over FY26.
- →No specific consolidated order book value disclosed, but growth outlook is tied to commercialization progress and customer demand.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Permanent Magnets Ltd Q4 FY26 results?
Alloys division expected to scale up commercial production significantly in FY27, potentially 3 to 4 times FY26 volumes. FY27 growth expected between 20% to 30%, possibly higher based on order wins in Alloys and Relays businesses.
What is Permanent Magnets Ltd share price analysis?
Permanent Magnets Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 54.9 with a market cap of ₹724 Cr. Investors should review the full earnings analysis for detailed insights.
Is Permanent Magnets Ltd planning capital expenditure?
Capex for FY27 includes INR 40-50 crores for Permanent Magnets Limited (PML) standalone business and another INR 40-50 crores planned for Quantum Magnetics subsidiary.
Keep Permanent Magnets Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.