Permanent Magnets LTD
Permanent Magnets LTD
Permanent Magnets LTD
CMp = 214
Mcap = 184 cr
PE = 13.5
ABOUT
Permanent Magnets is one of the flagship Companies of Taparia Group, Mumbai and one of the
leading manufacturers of Alnico Cast Magnets and Yoke Assemblies, Parts and accessories of
electricity meters in the world. PML has started with supplies of Gas meters parts and accessories.
PML is part of Taparia Group. Taparia Group has a turnover of aboutUSD 800 million. PML
manufactures and provides solutions and components to varied industries like Automobiles (ICE and
EV/HEV), Aerospace, Defence, Medical, Safety, Energy meters.
In order to keep abreast of latest manufacturing technologies PML had technical collaborations with
“Centro Magneti Permanenti” (Italy) in 1973, with Dowa Mining (Japan) and Sumitomo (Japan) in
1983. In the recent past, PML and mag Lab (Switzerland) have collaborated together for the
development and commercialization of innovative products.
Today, PML operates through the 4 divisions viz. Magnets and Magnetic Assemblies, Hiperm,
Shunts, and Current Transformers
PML is the leading Magnetic Assemblies maker in India offering a broad range of Industrial
Application Magnetic Devices like Magnetic Separators and Filters to split out iron along with other
magnetic impurities, Magnetic Lifters to lift alloy plates, sheets and various other metallic products
and Magnetic Holding Devices to execute grinding along with other machining actions.
Hiperm:
Dedicated to manufacturing of soft magnetic alloy components such as flux concentrator, Shields,
Cores, Relays.
With unique in house facilities like High Speed Punching and Stacking Power Presses, Dry Hydrogen
heat treatment furnaces PML delivers to almost all major international and domestic players in
Electricity metering, Electric and Hybrid Automotive, medical, Aerospace, Defence industries.
Internationally acclaimed measurement equipment such as Koerzimat, B-H Loop Plotter, Flatness
testers etc enables to maintain top notch quality of the products being delivered.
Shunts:
PML shunts, shunt assemblies and brass terminals are widely used in Energy meters, Gas meters,
conventional and Electric Vehicles.
PML energy meter CTs and nano-crystalline and amorphous cores are used in energy meter and other
applications.
The company mainly supplies products to the Electricity meter, Automotive, Gas meter industry. The
recent Covid crisis has
reduced the demand for automotive parts in India. The demand in the USA and European markets is
still strong.
meters, need for devices that enables real time meter reading and two way communication between
the utilities and consumers
and rapid industrialization in developing economies have been anticipated to infuse growth in the
market for Smart Meter during
conventional metering systems require readings to be checked in person. This, along with its other
problems, including aggregate
technical and commercial (AT&C) losses, low tariffs and other internal inefficiencies, has left
DISCOMs in a tough spot financially.
Smart meters could be the much-needed solution to most of these problems. They require minimal
direct human interaction and
have other widespread benefits that will be felt across the entire power value chain.
While the traditional electricity meters measure the power consumption of a home or business, smart
meters can record energy
usage in 15-minute intervals or at least hourly and transmit data to the utilities constantly. Most
importantly, smart meters enable
Electric Vehicles:
The global electric vehicle market has taken a huge leap forward in the past decade.
Forecast:
By 2030, the global electric vehicle stock (excluding two/three-wheelers) is expected to reach nearly
140 million vehicles and will
account for 7% of the global vehicle fleet. This represents a good opportunity for PML to develop
more products and sell in the
international market.
Manufacturing sites:
The Company is operating from 3 manufacturing sites operating in Mira Road, Mumbai, Maharashtra.
All plants are following
number of projects are increasing, so is the chance to enter new products with related technologies.
PML is focusing on high value
added products.
Cyber security Risk : Increased global cyber security threats and failure of security systems resulting
from human or technological
errors.
The Company has established the process of identifying, analyzing and treating risks, which could
prevent the Company from
effectively achieving its objectives. It ensures that all the risks are timely defined and mitigated in
accordance with the well
Financials:
SWAT Analysis
Now Concern:
Tread Receivables are increase
Debtors days Also More Near 100Days Which was high
Technical Short:
In Uptrend HH-HL
Above 50-100-200 DMA
Technically Multiyear Breakout
Sources:
https://www.pmlindia.com/
Company’s annual Report
https://www.screener.in/
https://trendlyne.com
https://in.tradingview.com/chart
https://www.valueresearchonline.com