Permanent Magnets Profile
Key Indicators
- Authorised Capital ₹ 16.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 8.60 Cr
as on 16-11-2024
- Company Age 64 Year, 23 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 35.69 Cr
as on 16-11-2024
- Satisfied Charges ₹ 67.88 Cr
as on 16-11-2024
- Revenue 41.22%
(FY 2023)
- Profit 56.23%
(FY 2023)
- Ebitda 54.37%
(FY 2023)
- Net Worth 34.94%
(FY 2023)
- Total Assets 30.43%
(FY 2023)
About Permanent Magnets
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.
- 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
Company Details
- Location
Dadra & Nagar Haveli, Dadra & Nagar Haveli, India
- Telephone
- Email Address
- Website
- Social Media
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.
Who are the key members and board of directors at Permanent Magnets?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sharadkumar Taparia  | Managing Director | 15-May-2008 | Current |
| Sukhmal Jain | CFO | 12-Aug-2014 | Current |
| Rachana Rane | Company Secretary | 30-Mar-2017 | Current |
| Rachana Sawant | Company Secretary | 30-May-2024 | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mukul Taparia | Director | 22-Sep-2014 | Current |
| Nirmal Jain | Director | 26-Aug-2024 | Current |
| Kamal Binani | Director | 26-Dec-2017 | Current |
| Girish Desai | Director | 01-Jun-2020 | Current |
| Sunaina Taparia | Director | 01-Apr-2015 | Current |
Financial Performance and Corporate Structure Insights 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Pregna International LimitedActive 31 years 3 monthsMukul Taparia and Kamal Binani are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 08 Nov 2023 | ₹4.70 Cr | Open |
State Bank Of India Creation Date: 03 Dec 2022 | ₹6.50 Cr | Open |
Mahindra And Mahindra Financial Services Limited Creation Date: 02 Jan 2014 | ₹0.62 M | Open |
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.
Deals i
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
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
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.
