Permanent Magnets Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹915 Cr
- P/E
- 69.35
- ROE
- 10.52%
- Price to sales
- 3.89
- Debt to equity
- 0.56
- 52W high / low
- ₹1,092 / ₹635
- EBITDA margin
- 15.67%
- Net profit margin
- 7.01%
- Promoter holding
- 58.07%
- Sales (last year)
- ₹236 Cr
Incorporated in 1960, Permanent Magnets Ltd is in the business of Engineering and Current Sensing applications[1]
Guidance scorecard · Q4 FY26 call
What Permanent Magnets Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ4 FY26 call
20–40%- 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.
2 more points from Permanent Magnets Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Permanent Magnets Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- 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.
2 more points from Permanent Magnets Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Permanent Magnets Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- 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.
2 more points from Permanent Magnets Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingFinancials of Permanent Magnets Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Permanent Magnets Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 43.64 | 53.71 | 50.53 | 53.60 | 54.32 | 56.10 | 49.35 | 45.28 | 53.55 | 49.13 | 57.02 | 66.54 |
| Expenses + | 33.88 | 42.47 | 43.73 | 47.04 | 45.89 | 45.41 | 43.06 | 40.23 | 42.86 | 43.13 | 46.51 | 57.05 |
| Operating Profit | 9.76 | 11.24 | 6.80 | 6.56 | 8.43 | 10.69 | 6.29 | 5.05 | 10.69 | 6.00 | 10.51 | 9.49 |
| OPM % | 22.36% | 20.93% | 13.46% | 12.24% | 15.52% | 19.06% | 12.75% | 11.15% | 19.96% | 12.21% | 18.43% | 14.26% |
| Other Income + | 0.95 | 0.62 | 1.06 | 1.82 | 1.36 | 1.29 | 1.06 | 0.45 | 1.24 | 1.38 | -0.84 | 2.54 |
| Interest | 0.18 | 0.17 | 0.81 | 1.12 | 0.54 | 0.55 | 1.03 | 0.28 | 0.62 | 0.47 | 1.45 | 1.56 |
| Depreciation | 1.23 | 2.02 | 1.94 | 3.08 | 2.23 | 2.50 | 3.17 | 3.53 | 2.64 | 3.21 | 3.55 | 5.12 |
| Profit before tax | 9.30 | 9.67 | 5.11 | 4.18 | 7.02 | 8.93 | 3.15 | 1.69 | 8.67 | 3.70 | 4.67 | 5.35 |
| Tax % | 27.10% | 26.78% | 24.85% | 39.95% | 28.21% | 20.49% | 35.24% | 6.51% | 28.84% | 35.95% | 51.82% | 25.42% |
| Net Profit + | 6.78 | 7.08 | 3.84 | 2.51 | 5.04 | 7.10 | 2.04 | 1.58 | 6.17 | 2.37 | 2.25 | 3.99 |
| EPS in Rs | 7.89 | 8.23 | 4.47 | 2.92 | 5.86 | 8.26 | 2.37 | 1.84 | 7.18 | 2.76 | 2.62 | 4.64 |
Financials of Permanent Magnets Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Sales + | 201 | 205 | 226 |
| Expenses + | 167 | 175 | 190 |
| Operating Profit | 34 | 30 | 37 |
| OPM % | 17% | 15% | 16% |
| Other Income + | 4 | 4 | 4 |
| Interest | 2 | 2 | 4 |
| Depreciation | 8 | 11 | 15 |
| Profit before tax | 28 | 21 | 22 |
| Tax % | 29% | 24% | 34% |
| Net Profit + | 20 | 16 | 15 |
| EPS in Rs | 23.49 | 18.32 | 17.18 |
| Dividend Payout % | 8% | 11% | 13% |
Financials of Permanent Magnets Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 9 | 9 | 9 |
| Reserves | 121 | 135 | 149 |
| Borrowings + | 16 | 15 | 85 |
| Other Liabilities + | 45 | 35 | 40 |
| Total Liabilities | 191 | 194 | 282 |
| Fixed Assets + | 40 | 62 | 78 |
| CWIP | 0 | 0 | 8 |
| Investments | 0 | 0 | 0 |
| Other Assets + | 151 | 132 | 196 |
| Total Assets | 191 | 194 | 282 |
Financials of Permanent Magnets Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | 23 | 38 | 18 |
| Cash from Investing Activity + | -22 | -28 | -43 |
| Cash from Financing Activity + | 3 | -9 | 48 |
| Net Cash Flow | 3 | 1 | 23 |
| Free Cash Flow | 1 | 10 | -11 |
| CFO/OP | 91% | 142% | 67% |
Financials of Permanent Magnets Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 72 | 70 | 88 |
| Inventory Days | 180 | 178 | 173 |
| Days Payable | 92 | 73 | 100 |
| Cash Conversion Cycle | 160 | 175 | 161 |
| Working Capital Days | 111 | 129 | 127 |
| ROCE % | 15% | 14% |
Guidance history
How Permanent Magnets Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY25 call → | 20–40% | Flat | Planned | — | Flat |
| Q2 FY25 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
37 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +11.9% | 70% |
| Last 6 months | +17.7% | 73% |
| Last 3 months | +27.1% | 90% |
The price is 34% below its all-time high of ₹1,612.2 (14 Jul 2023). Stocks more than 20% below their peak have their score halved, so 75 became 37.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Permanent Magnets Ltd: 0.4 × 70 + 0.4 × 73 + 0.2 × 90 = 75, halved to 37 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Permanent Magnets Ltd's management said in earlier quarters
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