Permanent Magnets Limited

Manufacturer of alnico magnets, magnetic assemblies, and hi-permeability components for various industries.

1960 | Dadra & Nagar Haveli, Dadra & Nagar Haveli (India) | Active
Last Updated:

Permanent Magnets Profile

Key Indicators

  • Authorised Capital ₹ 16.00 Cr
  • Paid Up Capital ₹ 8.60 Cr
  • Company Age 64 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 35.69 Cr
  • Satisfied Charges ₹ 67.88 Cr
  • Revenue Growth 41.22%
  • Profit Growth 56.23%
  • Ebitda 54.37%
  • Net Worth 34.94%
  • Total Assets 30.43%

About Permanent Magnets

Permanent Magnets Limited (PML) was founded in India on 26 November 1960 and has a glorious history of 64 years and six months. Its registered office is in Dadra & Nagar Haveli, Dadra & Nagar Haveli, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 504132.

The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 16.00 Cr and a paid-up capital of Rs 8.60 Cr.

The company currently has active open charges totaling ₹35.69 Cr. The company has closed loans amounting to ₹67.88 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Permanent Magnets Limited India are Sukhmal Jain as Cfo, Rachana Rane as Company Secretary, and Rachana Sawant as Company Secretary. Nirmal Jain, Sharadkumar Taparia, Mukul Taparia, and Three other members serve as directors at the Company.

Company Details

  • Location

    Dadra & Nagar Haveli, Dadra & Nagar Haveli, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L27100DN1960PLC000371

  • Company No.

    000371

  • Stock Symbol

    BSE : 504132

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    26 Nov 1960

  • Date of AGM

    09 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Machinery and Equipment

What products or services does Permanent Magnets Limited offer?

Permanent Magnets Limited offers a wide range of products and services, including Bar, Neodymium & Permanent Magnets, Lifting Magnets, Conveyor Systems & Components, Conveyor Pulleys, Magnet, Neodymium Magnets, Ferrite Magnet, Copper & Brass Products, Brass Components, Magnetic Separators.

Company report

Permanent Magnets Limited

Explore comprehensive data for Permanent Magnets Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Permanent Magnets?

Executive Team (4)

NameDesignationAppointment DateStatus
Sharadkumar Taparia Country flag representing In Managing Director15-May-2008Current
Sukhmal Jain Country flag representing In CFO12-Aug-2014Current
Rachana Rane Country flag representing In Company Secretary30-Mar-2017Current
Rachana Sawant Company Secretary30-May-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Mukul Taparia Country flag representing In Director 22-Sep-2014Current
Nirmal Jain Country flag representing In Director 26-Aug-2024Current
Kamal Binani Country flag representing In Director 26-Dec-2017Current
Girish Desai Country flag representing In Director 01-Jun-2020Current
Sunaina Taparia Country flag representing In Director 01-Apr-2015Current

Financial Performance of Permanent Magnets.

Permanent Magnets Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 41.22% increase. The company also saw a substantial improvement in profitability, with a 56.23% increase in profit. The company's net worth Soared by an impressive increase of 34.94%.

Permanent Magnets revenue growth over time
Permanent Magnets profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
41.22%
Revenue from Operations
41.10%
Total Assets
30.43%
Profit or Loss
56.23%
Net Worth
34.94%
EBITDA
54.37%

What is the Ownership and Shareholding Structure of Permanent Magnets?

In 2023, Permanent Magnets had a promoter holding of 58.00% and a public holding of 41.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹35.69 Cr

Satisfied Charges

₹67.88 Cr

Charges Breakdown by Lending Institutions

  • Others : 23.90 Cr
  • State Bank Of India : 11.20 Cr
  • Bank Of India : 0.40 Cr
  • The United Commercial Bank Ltd. : 0.10 Cr
  • Mahindra And Mahindra Financial Services Limited : 0.06 Cr
  • Others : 0.03 Cr

Latest Charge Details

DateLenderAmountStatus
08 Nov 2023State Bank Of India₹4.70 CrOpen
03 Dec 2022State Bank Of India₹6.50 CrOpen
02 Jan 2014Mahindra And Mahindra Financial Services Limited₹0.62 MOpen
17 Mar 1997Bank Of India₹4.00 MOpen
18 Sep 1990Others₹23.90 CrOpen

How Many Employees Work at Permanent Magnets?

Permanent Magnets has a workforce of 143 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Permanent Magnets Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Permanent Magnets, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Permanent Magnets's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Permanent Magnets

Recent activity within the organization

  • Director Appointment

    Nirmal Kumar Jain was appointed as a Director was appointed as a Director on 26 Aug 2024 & has been associated with this company since 9 months .

  • Annual General Meeting

    Permanent Magnets Limited last Annual general meeting of members was held on 09 Aug 2024 as per latest MCA records.

  • Director Appointment

    Rachana Paresh Sawant was appointed as a Company Secretary was appointed as a Company Secretary on 30 May 2024 & has been associated with this company since 11 months 27 days .

  • Balance Sheet

    Permanent Magnets Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with State Bank Of India amounted to Rs. 4.70 Cr with Charge ID 100809003 was registered on 08 Nov 2023.

  • Charges

    A charge with State Bank Of India amounted to Rs. 6.50 Cr with Charge ID 100650200 was registered on 03 Dec 2022.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Permanent Magnets Limited?

    Permanent Magnets Limited was incorporated on 26 Nov 1960.

  • What is authorized share capital and paid-up capital of Permanent Magnets Limited?

    The authorized share capital of Permanent Magnets Limited is ₹ 16.00 Cr and paid-up capital is ₹ 8.60 Cr.

  • Who are the current board members & directors of Permanent Magnets Limited?

    Currently 9 directors are associated with Permanent Magnets Limited.

    • Nirmal Kumar Jain
    • Sharadkumar Jaiprakash Taparia
    • Mukul Taparia
    • Kamal Binani
    • Girish Ramanlal Desai
    • Sunaina Taparia
    • Sukhmal Jain
    • Rachana Vishwanath Rane
    • Rachana Paresh Sawant

  • What is the registered address of Permanent Magnets Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Permanent Magnets Limited is Harsh Avenue 302 3Rd Floor Opp Police Station, Va Pi Main Rd Dadra Nagar Haveli India, Silvassa, Dadra & Nagar Haveli, 396230.

  • What is the corporate identification number (CIN) and company number of Permanent Magnets Limited?

    The corporate identification number (CIN) of Permanent Magnets Limited is L27100DN1960PLC000371 and the company number is 000371 as per Ministry of Corporate Affairs (MCA).

  • Is Permanent Magnets Limited registered with any stock exchange in India?

    Yes, Permanent Magnets Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Permanent Magnets Limited?

    The Official website of Permanent Magnets Limited is https://www.pmlindia.com

  • What has been the recent revenue trend for Permanent Magnets Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Permanent Magnets Limited has risen by 41.22%.

  • How many employees does Permanent Magnets Limited currently have?

    As Per 2023 financial reports, 143 employees are currently employed by Permanent Magnets Limited.

  • What change has been observed in the net worth of Permanent Magnets Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Permanent Magnets Limited has experienced an upsurge of 34.94%.

  • What are the total open charges for Permanent Magnets Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Permanent Magnets Limited amount to ₹ 35.69 Cr.

  • When was the last Balance Sheet of Permanent Magnets Limited filed with the ROC?

    The most recent Balance Sheet for Permanent Magnets Limited was filed with the ROC on 31 Mar 2024.

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