Permanent Magnets Limited · BSE:PERMAGN
Permanent Magnets — Q4 & FY25 Earnings Presentation
38 slides from Permanent Magnets's earnings presentation, May 24, 2025
Slide 1: BSE filing cover letter: Presentation on Q4 and FY25 results
PERMANENT MAGNETS LIMITED B-3, MIDC, Village Mira, Mira Road (East), Thane - 401107, Maharashtra, India Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : sales@pmlindia.com Website : www.pmlindia.com Date : May 24, 2025 To, Corporate Relation Department The Bombay Stock Exchange Limited Ph
Slide 2: Investor Presentation Q4 & FY25
INVESTOR P RESE NTATION Q4 & FY25 Trust Reliability Quality Permanent Magnets Limited Investor Presentation 1
Slide 3: Inside this presentation
03 QUARTERLY SNAPSHOT 18 BUSINESS OVERVIEW 06 COMPANY OVERVIEW 24 TRENDS & GROWTH DRIVERS Inside this 32 FINANCIAL presentation SNAPSHOT Permanent Magnets Limited Investor Presentation 2
Slide 4: Quarterly Snapshot
QUARTERLY SNAPSHOT Q4 & FY25 PROFIT AND LOSS 04 SUMMARY MANAGEMENT COMMENTARY 05 Permanent Magnets Limited Investor Presentation 3
Slide 5: Q4 & FY25 Profit & Loss Summary
Q U A R TE R L Y S NA P SH O T Q4 & FY25 PROFIT & LOSS SUMMARY PARTICULARS (₹ in Crore) Q4FY24 Q3FY25 Q4FY25 YoY % FY24 FY25 YoY % Revenue from Operations 53.60 49.35 45.28 -16% 201.48 205.05 2% Total Income 55.42 50.41 45.73 -17% 205.93 209.21 2% Total Operating Expenses 47.03 43.06 40.24 -14% 167.
Slide 6: Management Commentary
Q U A R TE R L Y S NA P SH O T MANAGEMENT COMMENTARY FY25 proved to be a year of consolidation and transition for To support this, we have initiated a necessary CAPEX to commence PML, marked by subdued performance across few key business relay manufacturing in H2FY26 at a new facility, for which seg
Slide 7: Company Overview
COMPANY OVERVIEW JOURNEY & TRANSFORMATION 07 PML AT A GLANCE 08 PML’S VALUE PROPOSITION 09 ROBUST CAPABILITIES 10 PRODUCT PLATFORMS 11 KEY PRODUCTS 12 CRITICAL PRODUCT APPLICATIONS 13 STRONG CORPORATE GOVERNANCE 15 KEY TECHNICAL PARTNERSHIPS 16 QUALITY CONTROL SYSTEMS 17 Permanent Magnets Limited In
Slide 8: Journey and Transformation
C O M P A NY O V E RV I E W JOURNEY AND TRANSFORMATION 1960 - 2005 2005 - 2015 2015 - 2024 • Growth in magnets • Change in the energy meters technology led to • Magnets business stabilised business for energy a downturn in the magnets business • Categories such as Hi-perm & Shunts scaled-up meters a
Slide 9: PML at a Glance
C O M P A NY O V E RV I E W PML AT A GLANCE Permanent Magnets is a manufacturer specializing in a wide range of components and assemblies built on key core technologies, including current and speed sensing, magnetic 60+ Years of expertise 350+ Actively shielding, and magnetic assemblies. These produ
Slide 10: PML's Value Proposition
C O M P A NY O V E RV I E W PML’S VALUE PROPOSITION AIMS TO BE A COMPR EHE NSIVE SOLUTIO N PRO VID ER PML is a solution provider with expertise in design, WITH SCALABLE MANUFACTURI NG prototype and production of components, assemblies and CAPABI LITIE S, IN materials related to Automobile, Metering
Slide 11: Robust Capabilities
C O M P A NY O V E RV I E W ROBUST CAPABILITIES PML has exceptional expertise in the fields of Understanding of Quality • Experts in metallurgy, mechanical, metallurgy, mechanical & Client Requirements electrical and electronics engineering, electrical • AEC-Q200 lab for qualifications & type tests
Slide 12: Product Platforms
C O M P A NY O V E RV I E W PRODUCT PLATFORMS Magnetic Sensing • Speed sensing Magnetic Assemblies Magnetic assemblies focused on Zamak Die Casting A die-casting technology using • Torque sensing performing functions such as: ZAMAK (Zinc-Aluminium- • Angular sensing • Holding Manganese-Copper) alloy
Slide 13: Key Products
C O M P A NY O V E RV I E W KEY PRODUCTS 01 02 03 04 05 Magnetic Sensing Current Sensing Magnetic Assemblies Alloys Zamak Die Casting Sensing Module Current Sensing Module Shielding C Shape Magnetic Lifter Alloy Ingot ZAMAK Valve Shunt Current Sensing Module Shielding-MuMETAL Stator Rotor Lamination
Slide 14: Critical Product Applications (1/2)
C O M P A NY O V E RV I E W CRITICAL PRODUCT APPLICATIONS (1/2) Automobile Speed Sensor EPS 1. Laminations 1. Permanent Magnets 2. Rotor Laminations 3. EPS Battery Current Sensor 1 7 3 4 6 4. Shield 4. Flux Concentrator 4. Shunt 5 2 Battery Monitoring Sensor 5. Clamp 5. HSM 5. Smart Battery 6. Toroi
Slide 15: Critical Product Applications (2/2)
C O M P A NY O V E RV I E W CRITICAL PRODUCT APPLICATIONS (2/2) ELECTRICITY METERS GAS METERS 1 Shunt Diaphragm 1 2 CT 5 Assembly 2 5 4 3 3 Relay 4 Brass terminal Permanent Magnets Limited Investor Presentation 14
Slide 16: Strong Corporate Governance
C O M P A NY O V E RV I E W STRONG CORPORATE GOVERNANCE Board is headed by a Non-Executive Chairman and has a balanced composition of Independent, Executive and Non-Executive Directors MR. NIRMAL JAIN MR. SHARAD MR. KAMAL BINANI MR. MUKUL TAPARIA MS. SUNAINA MR. GIRISH DESAI Non-Executive TAPARIA In
Slide 17: Key Technical Partnerships
C O M P A NY O V E RV I E W KEY TECHNICAL PARTNERSHIPS PML has, on multiple occasions, established significant technical & commercial alliances in order to keep abreast with the most recent technological developments, and explore uncharted markets Legacy Collaborations Centro Magneti Permanenti - It
Slide 18: Quality Control Systems
C O M P A NY O V E RV I E W QUALITY CONTROL SYSTEMS • PML adheres to the quality standards of the industry • The production facilities and QMS are certified by IATF, AS, EMS and OSHAS Key Certifications • PML is regularly audited by customers • PML has renowned measurement equipment such as Koerzima
Slide 19: Business Overview
BUSINESS OVERVIEW VALUE ADDITION IN SMART METERS 19 BROAD-BASING CUSTOMER BASE 20 GEOGRAPHY-WISE SALES TREND 21 APPLICATIONS-WISE SALES TREND 22 STRATEGIC PRIORITIES 23 Permanent Magnets Limited Investor Presentation 18
Slide 20: Value Addition in Smart Meters
B U SI NE SS O V E RV I E W VALUE ADDITION IN SMART METERS Value addition in components can generate significantly higher revenues and increase addressable market size Existing A strategic move to 1x SHUNTS • Significant increase in 01 Components expand competencies addressable market and capture mo
Slide 21: Broad-basing Customer Base
B U SI NE SS O V E RV I E W BROAD-BASING CUSTOMER BASE PML is Actively Diversifying & TOP 5 & 10 CLIENT SALES CONTRIBUTION Strengthening its revenue stream through: 52% • Actively commercialising new products FY25 42% in Smart Meters, Alloys domain • Significant new client addition FY24 58% (Direct
Slide 22: Geography-wise Sales Trend
B U SI NE SS O V E RV I E W GEOGRAPHY-WISE SALES TREND • Asia continues to be the flagship market • Recent growth in Asia driven by growing India business (domestic smart meters sector) • New market additions ongoing process FY25 22% 58% 20% FY24 15% 61% 24% FY23 29% 46% 25% FY22 27% 50% 23% 1% FY21
Slide 23: Application-wise Sales Trend
B U SI NE SS O V E RV I E W APPLICATION-WISE SALES TREND • Electricity Meters continues to be the flagship application industry • Recent decrease in Automobiles contribution on account of EV slowdown • Initial ramp-up in Alloys business • New application categories include Alloys, Electrical, Medica
Slide 24: Strategic Priorities
S TR A TE G I C R E V I E W STRATEGIC PRIORITIES Business growth from additional capabilities & new growth drivers <5 YEAR Scaling business from < 3 YEAR Scaling modules Commissioning of integrated Quantum Magnetics in business NdFeB & other RE magnets facility Scaling up alloys Scaling up domestic
Slide 25: Trends & Growth Drivers
TRENDS & GROWTH DRIVERS GLOBAL SMART METERS: MARKET 25 TRENDS SMART ELECTRICITY METERS: 26 GLOBAL GROWTH DRIVERS INDIA SMART METERS: MARKET 27 TRENDS EV MARKET: MARKETS TRENDS 28 NdFeB: THE OPPORTUNITY 29 APPLICATIONS: NdFeB MAGNETS 30 NEED FOR AN ALTERNATE SUPPLY 31 CHAIN Permanent Magnets Limited
Slide 26: Global Smart Meters: Market Trends
T RE N DS & G RO W TH D R I V E R S GLOBAL SMART METERS: MARKET TRENDS • Replacement of traditional meters with modern monitoring technologies to drive industry dynamics • Smart grid networks, government regulations and directives for smart meter implementation will fuel market expansion Canada Euro
Slide 27: Smart Electricity Meters: Global Growth Drivers
T RE N DS & G RO W TH D R I V E R S SMART ELECTRICITY METERS: GLOBAL GROWTH DRIVERS Need for increasing energy efficiency and On the one hand, minimising power loss & theft during transmission the smart meter infrastructure is to Benefits to customers such as detecting empower customers by failures
Slide 28: India Smart Meters: Market Trends
T RE N DS & G RO W TH D R I V E R S INDIA SMART METERS: MARKET TRENDS Smart Meter Installation Update on Smart Meter Installation 250 MN GOI'S TARGETED Under RDSS (1st May 2025) INSTALLATION 250 01 Under RDSS, the GOI has entailed installation of smart 223 MN METERS metering system to improve SANCTI
Slide 29: EV Market: Market Trends
T RE N DS & G RO W TH D R I V E R S EV Sales (UNITS IN MN) EV MARKET: MARKET TRENDS 2024 10.1 3.4 1.7 1.4 16.6 • Over 62 million electric cars were on the road in 2025, up 55% relative to 2023. 2023 8.1 3.2 1.4 1.0 13.7 • Electric cars stock has grown 5-fold since 2018. • Global EV sales have shown
Slide 30: NdFeB: The Opportunity
T RE N DS & G RO W TH D R I V E R S NdFeB: THE OPPORTUNITY Overview Trends • Neodymium magents is a • Modern vehicles can use 140+ electric motors, Global Demand 1 1 9 ,0 00 category of rare earth (RE) tons by 2020 permanent magnets – many of which use • Global demand for NdFeB X specifically, neody
Slide 31: Applications: NdFeB Magnets
T RE N DS & G RO W TH D R I V E R S APPLICATIONS: NdFeB MAGNETS Key Uses of NdFeb Magnets Other applications • Whitegoods & consumer appliances • ICE / EV / HEV • Wind turbines Pumps & motors Small amounts of Whitegoods Y – volumes of application units magnet, very large & consumer volumes (units) a
Slide 32: Need for an Alternate Supply Chain
T RE N DS & G RO W TH D R I V E R S NEED FOR AN ALTERNATE SUPPLY CHAIN Over-reliance on China begets alternate supply chain sources Geographical concentration of supply NdFeb Magnets Value Chain chain stages for sintered NdFeB magnets • China dominates mining, processing and From center: rare earth
Slide 33: Financial Snapshot
FINANCIAL SNAPSHOT PROFIT & LOSS STATEMENT 33 SUMMARY BALANCE SHEET STATEMENT 34 SUMMARY CASH FLOW STATEMENT SUMMARY 35 KEY PERFORMANCE INDICATORS 36 Permanent Magnets Limited Investor Presentation 32
Slide 34: Profit & Loss Statement Summary
F I N A NC I A L SNA P S HO T PROFIT & LOSS STATEMENT SUMMARY PARTICULARS (₹ in Crore) FY21 FY22 FY23 FY24 FY25 Total Revenue 117.57 133.26 188.19 205.93 209.21 Total Operating Expenses 91.43 102.78 141.47 167.12 174.61 EBITDA (Excluding OI) 25.25 26.73 41.27 34.36 30.44 EBITDA (Excluding OI) % 22%
Slide 35: Balance Sheet Statement Summary
F I N A NC I A L SNA P S HO T BALANCE SHEET STATEMENT SUMMARY PARTICULARS (₹ in Crore) FY21 FY22 FY23 FY24 FY25 Shareholders Fund 64.03 82.22 110.95 129.85 144.04 Non Current Liabilities 4.44 3.91 4.69 18.96 17.40 Current Liabilities 25.52 29.84 35.63 42.43 32.72 - Trade Payables 22.15 24.60 29.35 2
Slide 36: Cash Flow Statement Summary
F I N A NC I A L SNA P S HO T CASH FLOW STATEMENT SUMMARY PARTICULARS (₹ in Crore) FY21 FY22 FY23 FY24 FY25 Cash from Operating Activities 6.36 3.66 11.47 22.73 38.10 Cash from Investing Activities -2.06 -3.80 -9.52 -22.07 -28.02 Cash from Financing Activities -2.86 -2.63 -1.23 2.79 -9.50 Net Cash F
Slide 37: Key Performance Indicators
F I N A NC I A L SNA P S HO T KEY PERFORMANCE INDICATORS EBITDA Margin (In %) ROCE (In %) FY25 15% FY25 14% FY24 17% FY24 21% FY23 23% FY23 36% FY22 21% FY22 31% FY21 22% FY21 33% ROE (In %) Working Capital Days (In Days) FY25 11% FY25 127 FY24 16% FY24 120 FY23 27% FY23 150 FY22 23% FY22 136 FY21 2
Slide 38: Safe Harbour
Safe Harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the