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Permanent Magnets Ltd.

BSE: 504132 Sector: Engineering
NSE: PERMAGNET ISIN Code: INE418E01018
BSE 00:00 | 30 Mar 70.30 -4.00
(-5.38%)
OPEN

72.00

HIGH

72.00

LOW

69.00

NSE 05:30 | 01 Jan Permanent Magnets Ltd
OPEN 72.00
PREVIOUS CLOSE 74.30
VOLUME 1215
52-Week high 212.50
52-Week low 50.10
P/E 3.85
Mkt Cap.(Rs cr) 60
Buy Price 70.30
Buy Qty 98.00
Sell Price 89.00
Sell Qty 2580.00
OPEN 72.00
CLOSE 74.30
VOLUME 1215
52-Week high 212.50
52-Week low 50.10
P/E 3.85
Mkt Cap.(Rs cr) 60
Buy Price 70.30
Buy Qty 98.00
Sell Price 89.00
Sell Qty 2580.00

Permanent Magnets Ltd. (PERMAGNET) - Company History

Permanent Magnets (PML) was incorporated in 1960. It is currently being managed by Shreeram Taparia, chairman and Shyam Sunder Taparia, managing director. In Jan.'91, the company came out with a rights issue of 0.77 lac equity shares of Rs.100 at par, aggregating Rs.77.49 lac on a 1:1 basis, to finance capital expenditure and meet long-term working capital requirements. PML produces two types of magnets -- cast alloy permanent magnets and hard ferrite magnets. The company exports its products to the US, the UK, Germany, Italy and Egypt. PML was declared sick in 1989-90 but it started making profits since 1990-91. During the year 1999-2000, the Jalgaon plant was closed on account of labour problem.