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Permanent Magnets Ltd Capital Goods - Electrical Equipment
(%)
  • NSE
  • BSE

Overview

  • BSE Code 504132
  • NSE Symbol PERMAGNET
  • ISIN Demat INE418E01018
  • Book Value (₹) 169.77
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 863.31
  • P/E (TTM) 51.66
  • EPS (TTM) 19.43
  • Div Yield (%) 0.20

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About Permanent Magnets Ltd

Permanent Magnets (PML) was formally created and deployed as a legal entity in 1960. It is currently being managed by Shreeram Taparia, chairman and Shyam Sunder Taparia, managing director.

In Jan.'91, the company came out with a rights issue of 0.77 lac equity shares of Rs.100 at par, aggregating Rs.77.49 lac on a 1:1 basis, to finance capital expenditure and meet long-term working capital requirements. PML produces two types of magnets -- cast alloy permanent magnets and hard ferrite magnets.

The company exports its products to the US, the UK, Germany, Italy and Egypt. PML was declared sick in 1989-90 but it started making profits since 1990-91.

During the year 1999-2000, the Jalgaon plant was closed on account of labour problem.

Founded: 1960
Chairman: N K Jain
Managing Director: Sharad Kumar Taparia
Address: Harsh Avenue 302 3rd Floor, Silvassa Vapi Main Road, Silvassa, Dadra & Nagar Haveli, 396230,
HO Tel: +91-22-68285454

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