Incorporated in 1960, Permanent Magnet Limited is one of the flagship Companies of Taparia group, Mumbai and one of the leading manufacturers of Cast alloy Permanent Magnets, Parts and accessories of electricity and electric vehicle parts in the world. The Company commenced its business in 1960 and is a leading solution provider of electrical components and assemblies based on certain core technologies which find application in the automobile, energy meter, renewable energy, aerospace & defence, food & beverage and many other such industries.
PML also supplies Gas meters parts and accessories. The assembly includes Die cast parts, Plastic parts, Brass parts, Bi-metal parts, Stainless steel parts and special copper alloy and nickel alloy parts. The Company has strong expertise in 5 core product platforms, wherein it designs and delivers innumerable customer-specific solutions, and these product platforms include magnetic sensing, current sensing, magnetic assemblies, alloys and ZAMAK die-casting. PML's exceptional expertise in the fields of metallurgy, mechanical engineering, electrical engineering and electronics, enable it to offer comprehensive solutions to its clients. Apart from this the Company possesses superior capabilities in design & simulation of components & modules including customer-specific prototyping; various metals & metallurgical processes; and manufacturing technologies such as assembly processes, finishing processes, hot chamber die-casting and plastic ... molding.
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.
During the year 2008, the Scheme of Amalgamation of Taparia Magnetics Private Limited, Sampada Capital Services Limited and Suyog Agencies Limited with the Company and Arrangement with the Preference Shareholders of the Company was implemented in 2009. According to the ratio mentioned in the Scheme, the shares were allotted to the shareholders of the Transferor Companies and Preference Shareholders of the Company.
FAQs on Permanent Magnets Ltd
1. Can I buy Permanent Magnets Ltd from PL Capital? ›
Yes, you can invest in Permanent Magnets Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Permanent Magnets Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Permanent Magnets Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Permanent Magnets Ltd pay dividends? ›
Yes, Permanent Magnets Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Permanent Magnets Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Permanent Magnets Ltd ? ›
As of
05-Feb-2026 , 09:57:01 the share price for Permanent Magnets Ltd. is ₹ 808.1 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Permanent Magnets Ltd ? ›
The 52-week high and low of Permanent Magnets Ltd share price is ₹ 600 - ₹ 1229.9 as of
05-Feb-2026 , 09:57:01 .
