With a legacy of 60 years in magnetic assembly and as a premier solution provider of electrical components, this company has delivered an impeccable multibagger return in 10 years.
Permanent Magnets Ltd shares closed at Rs 1,612.20 a share, up 2.07 percent on July 14, and the company has a market capitalization of Rs 1,386 crores. On July 13, the stock touched an all-time high of Rs 1,689.2.
According to BSE data, the stock has delivered multibagger returns of about 31,511 percent over a 10-year period, spanning from Rs 5.10 in September 2013 to current stock price levels. It indicates that if a person had invested Rs 1 lakh in the stock, it would have gained to about Rs 3.16 crores after ten years.
Permanent Magnets Limited is engaged in manufacturing and exporting of Magnetic assemblies, shunt assemblies & brass terminals, Alnico Cast.Company has its presence in domestic and international markets.
Company’s Revenue grew by 41 percent from Rs 129 crore in FY 21-22 to Rs 182 crore in FY 22-23. During the same period, net profit climbed by 52 percent from Rs 19 crore to Rs 29 crore.
The company’s financial ratios have improved over the years, and for FY 22-23, the return on equity is 26.81 percent and the return on capital employed is 35.65 percent. At the same time, the company’s margins have increased, with a 16.28 percent net profit margin and a 22.56 percent operating margin.
The promoters held 58.01 percent stake of the company in fiscal year 22-23, while retail institutional investors owned 41.99 percent stake.
Written by Omkar Chitnis
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