Permanent Magnets Limited (PERMAGN.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-49.9%

₹486.41

vs ₹970.25 price

Levered DCF

₹166.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.49

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	36.25×	38.71×	51.52×	26.17×	18.85×	10.22×	4.25×	9.82×
P/B	3.4×	4.23×	8.02×	7.02×	4.37×	2.58×	1.27×	4.37×
P/S	2.37×	2.97×	5.16×	4.29×	2.94×	1.41×	0.59×	1.26×
EV / EBITDA	14.52×	18.17×	27.34×	16.8×	11.9×	6.44×	2.81×	6.62×
Gross margin	34.2%	45.7%	43.9%	26.6%	36.9%	39.5%	24.6%	23.4%
Operating margin	9.8%	9.3%	12.8%	19.3%	19.0%	44.9%	14.9%	15.9%
Net margin	6.5%	7.7%	9.5%	16.4%	15.6%	13.8%	14.0%	12.9%
Current ratio	4.06×	3.81×	3.39×	3.4×	3.26×	3.24×	3.13×	1.94×
Debt / equity	0.56×	0.17×	0.19×	0.07×	0.08×	0.08×	0.14×	0.25×
Interest coverage	5.4×	7.92×	11.52×	41.88×	22.95×	53.17×	10.84×	11.97×
Dividend yield	0.3%	0.3%	0.1%	0.1%	0.2%	0.0%	0.0%	0.0%
Payout ratio	11.6%	9.8%	6.7%	3.5%	4.5%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.4%	10.9%	14.8%	26.8%	23.2%	25.2%	29.9%	44.5%
Return on invested capital	5.9%	8.5%	11.8%	21.9%	19.4%	55.4%	20.8%	30.7%
Return on assets	5.2%	8.1%	10.0%	19.7%	16.4%	17.2%	19.6%	22.1%
Free cash flow yield	-5.2%	1.7%	-0.3%	0.3%	-0.0%	2.6%	16.4%	5.5%
Earnings yield	2.8%	2.6%	1.8%	3.8%	5.3%	9.8%	23.5%	10.2%
Enterprise value	₹6B	₹6.3B	₹10.6B	₹7.8B	₹3.6B	₹1.7B	₹656.6M	₹1.5B
Net debt / EBITDA	1.46×	0.55×	0.51×	0.13×	0.18×	0.06×	0.21×	0.33×
Cash conversion cycle (days)	157	180	181	69	169	86	119	94