In the past few years, Permanent Magnets, a major leader in the magnet sector, has made tremendous advancements. The business has demonstrated strong financial performance, with consistent increases in revenue and earnings.
Permanent Magnets’ share price surged by more than 348% in the last 1 year.
Investors are considering Permanent Magnets as a potential investment option as the stock market gains traction. Yet the issue on everyone’s mind is: Is Permanent Magnets a decent stock to buy?
What is the share price goal for the company in the next years? To accurately estimate the company’s prospects and share price target for the next seven years, we’ll examine more closely its financials over the last five years in this piece.
Let’s investigate whether Permanent Magnets is a wise investment for investors now.
What do I like about Permanent Magnets?
- Permanent Magnets caters to expanding industries such as electric vehicles (EVs), renewable energy, defense, and energy metering, among others.
- The Permanent Magnets company maintains a nearly debt-free status.
- Positive quarterly performance is anticipated from Permanent Magnets.
- Over the past five years, Permanent Magnets has achieved an impressive compound annual growth rate (CAGR) of 45.4% in terms of profit growth.
- The company has consistently demonstrated a strong track record of return on equity (ROE), with a 28.8% ROE over three years.
- According to a recent study conducted by MarketsandMarkets™, the worldwide Permanent magnets market is projected to witness significant growth, increasing from USD 34.4 billion in 2021 to USD 54.1 billion by 2026. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 9.5% throughout the forecast period.
Below are the trading platforms that you can use to purchase Permanent Magnets shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2023 | ₹1,555.20 | ₹1,352.35 |
As of December 2023, Permanent Magnets’ stock is expected to fluctuate between ₹1,352.35 and ₹1,555.20. The market anticipates potential growth, with a market cap of ₹1,238 Cr.
The current share price is ₹1,440 as of December 9, 2023. Investors should monitor the market closely to capitalize on potential gains within this price range.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,586.94 | ₹1,379.95 |
| February 2024 | ₹1,619.33 | ₹1,408.11 |
| March 2024 | ₹1,652.37 | ₹1,436.85 |
| April 2024 | ₹1,604.25 | ₹1,395.00 |
| May 2024 | ₹1,580.54 | ₹1,374.38 |
| June 2024 | ₹1,637.44 | ₹1,423.86 |
| July 2024 | ₹1,621.06 | ₹1,409.62 |
| August 2024 | ₹1,685.90 | ₹1,466.00 |
| September 2024 | ₹1,753.34 | ₹1,524.64 |
| October 2024 | ₹1,718.96 | ₹1,494.75 |
| November 2024 | ₹1,770.53 | ₹1,539.59 |
| December 2024 | ₹1,814.79 | ₹1,578.08 |
In 2024, Permanent Magnets’ stock price is projected to exhibit varying trends. Starting from ₹1,379.95 in January, the share price is expected to reach a maximum of ₹1,814.79 in December, with fluctuations throughout the year.
Investors should closely monitor market dynamics, aiming to capitalize on potential gains within the predicted range of ₹1,374.38 to ₹1,814.79. The projections suggest a dynamic and potentially lucrative market for Permanent Magnets in 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,851.09 | ₹1,423.92 |
| February 2025 | ₹1,898.55 | ₹1,460.43 |
| March 2025 | ₹1,972.60 | ₹1,517.38 |
| April 2025 | ₹1,933.92 | ₹1,487.63 |
| May 2025 | ₹1,877.59 | ₹1,444.30 |
| June 2025 | ₹1,962.08 | ₹1,509.29 |
| July 2025 | ₹1,923.61 | ₹1,479.70 |
| August 2025 | ₹1,983.10 | ₹1,525.46 |
| September 2025 | ₹2,052.51 | ₹1,578.86 |
| October 2025 | ₹2,105.88 | ₹1,619.91 |
| November 2025 | ₹2,158.52 | ₹1,660.40 |
| December 2025 | ₹2,212.49 | ₹1,701.91 |
In 2025, Permanent Magnets’ stock is anticipated to follow a progressive trajectory, with the share price projected to range between ₹1,423.92 and ₹2,212.49 throughout the year. Starting the year at ₹1,851.09 in January, the stock is expected to witness steady growth, reaching a peak of ₹2,212.49 in December. Investors may find opportunities for potential gains within this forecasted range, making it a promising year for Permanent Magnets.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹2,323.11 | ₹1,626.18 |
| 2027 | ₹2,555.42 | ₹1,788.80 |
| 2028 | ₹3,577.59 | ₹1,788.80 |
| 2029 | ₹3,097.48 | ₹1,548.74 |
| 2030 | ₹4,026.73 | ₹2,818.71 |
In the forecast for 2026 to 2030, Permanent Magnets’ stock is expected to exhibit significant growth. The share price is projected to range from ₹1,626.18 to ₹4,026.73 during this period. With an upward trajectory, reaching a maximum of ₹4,026.73 in 2030, investors may find lucrative opportunities. This forecast suggests a robust and expanding market for Permanent Magnets, making it a potentially favorable investment over the coming years.
Financial Condition of Permanent Magnets: Last 5 years
| Permanent Magnets |
March 2019 | March 2020 | March 2021 | March 2022 | March 2023 |
|---|---|---|---|---|---|
| Sales (in Crore INR) |
121 | 107 | 117 | 130 | 183 |
| Expenses (in Crore INR) |
98 | 86 | 91 | 103 | 141 |
| Operating Profit (in Crore INR) |
23 | 21 | 25 | 27 | 41 |
| OPM % | 19% | 19% | 22% | 21% | 23% |
| Other Income (in Crore INR) |
1 | 3 | 1 | 4 | 5 |
| Interest (in Crore INR) |
2 | 1 | 1 | 1 | 1 |
| Depreciation (in Crore INR) |
2 | 3 | 3 | 4 | 5 |
| Profit before Tax (in Crore INR) |
21 | 19 | 22 | 26 | 40 |
| Tax % | 29% | 24% | 26% | 26% | 26% |
| Net Profit (in Crore INR) |
15 | 14 | 16 | 19 | 30 |
| EPS (in Rs) | 17.21 | 16.65 | 18.77 | 22.14 | 34.60 |
| Dividend Payout % |
0% | 0% | 5% | 5% | 4% |
FAQS
As of December 9, 2023, Permanent Magnets’ share price is ₹1,440.
Permanent Magnets’ projected share price target for 2030 is ₹4,026.73.
No, according to our analysis, Permanent Magnets’ share price may not reach INR 10000 by 2025. However, we expect Permanent magnets to reach ₹2,212.49.
Is Permanent Magnets a good stock to buy?
Based on Permanent Magnets’ strong financial performance and projected share price growth, many experts consider Permanent Magnets to be a good stock to buy.
How has Permanent Magnets’ revenue grown over the past five years?
Permanent Magnets’ revenue has grown at an average rate of 15% over the past five years.
What is Permanent Magnets’ profit growth over the past five years?
Permanent Magnets’ profit growth over the past five years has been impressive, with a CAGR of 45%.
What is the company’s dividend yield?
The company’s dividend yield is currently 0.08 %.
What is Permanent Magnets’ OPM (Operating Profit Margin)?
The company’s OPM (Operating Profit Margin) has been consistently strong, averaging around 20% over the past five years.
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Permanent Magnets has demonstrated a steady growth trajectory and financial stability. The company’s sales have shown consistent improvement, with a notable CAGR of 9.2% during this period. Operating profit has also increased steadily, indicating efficient management of expenses and operations. Additionally, Permanent Magnets’ return on equity (ROE) track record of 28.8% over three years reflects strong performance in generating profits from shareholders’ investments.
Permanent Magnets’ presence in growing sectors such as electric vehicles (EVs), renewable energy, defense, and energy metering positions it well for future growth. These sectors are expected to experience substantial expansion in the coming years, offering promising market opportunities.
Permanent Magnets’ nearly debt-free status is a positive sign, indicating a healthy financial position and reduced financial risk. The company’s ability to generate consistent profits and manage expenses efficiently has contributed to its robust financial stability.
Considering these factors, along with the projected growth of the global Permanent magnets market, which is expected to reach USD 54.1 billion by 2026, it can be inferred that Permanent Magnets is well-positioned to capitalize on market opportunities and achieve further success in the future.
What did we learn?
- 1 What do I like about Permanent Magnets?
- 2 How to Purchase Permanent Magnets Shares?
- 3 Permanent Magnets Share Price Prediction: 2023 to 2030
- 4 Financial Condition of Permanent Magnets: Last 5 years
- 5 FAQS
- 5.1 What is Permanent Magnets’ current share price?
- 5.2 What is Permanent Magnets’ projected share price target for 2030?
- 5.3 Can Permanent Magnets’ share price reach INR 10000 by 2025?
- 5.4 Is Permanent Magnets a good stock to buy?
- 5.5 How has Permanent Magnets’ revenue grown over the past five years?
- 5.6 What is Permanent Magnets’ profit growth over the past five years?
- 5.7 What is the company’s dividend yield?
- 5.8 What is Permanent Magnets’ OPM (Operating Profit Margin)?
- 6 Personal Opinion: Is Permanent Magnets share a good buy in 2023?
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