Permanent Magnets Limited · BSE:PERMAGN
Permanent Magnets — Q4 FY26 Earnings Presentation
39 slides from Permanent Magnets's earnings presentation, May 15, 2026
Slide 1: Intimation to BSE: Presentation on Audited Results Q4 FY26
Date : May 15, 2026 To, Corporate Relation Department The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Security Code : 504132 Security ID : PERMAGN Sub: Presentation on Audited Financial Results for the quarter and year ended on March 31, 2026. Dear Sir/Mad
Slide 2: Investor Presentation Q4 & FY26
Trust Reliability Quality INVESTOR PRESENTATION Q4 & FY26
Slide 3: Inside this presentation
Inside this presentation 03 QUARTERLY SNAPSHOT 07 COMPANY OVERVIEW 17 BUSINESS OVERVIEW TRENDS XX 24 STRATEGIC & GROWTH REVIEW DRIVERS 33 FINANCIAL SNAPSHOT
Slide 4: Quarterly Snapshot
QUARTERLY SNAPSHOT STANDALONE: Q4 & FY26 PROFIT AND LOSS SUMMARY 04 CONSOLIDATED: Q4 & FY26 PROFIT AND LOSS SUMMARY 05 MANAGEMENT COMMENTARY 06
Slide 5: Standalone: Q4 & FY26 Profit & Loss Summary
QUARTERLY SNAPSHOT Permanent Magnets Limited Investor Presentation 4 Standalone: Q4 & FY26 Profit & Loss Summary PARTICULARS (₹ in Crore) Q4FY25 Q3FY26 Q4FY26 YoY % FY25 FY26 YoY % Revenue From Operations 45.28 57.02 66.54 47% 199.54 225.46 13% Total Income 45.81 58.58 68.26 49% 204.08 231.65 14% To
Slide 6: Consolidated: Q4 & FY26 Profit & Loss Summary
QUARTERLY SNAPSHOT Permanent Magnets Limited Investor Presentation 5 Consolidated: Q4 & FY26 Profit & Loss Summary PARTICULARS (₹ in Crore) Q4FY25 Q3FY26 Q4FY26 YoY % FY25 FY26 YoY % Revenue From Operations 45.28 57.02 66.54 47% 205.05 226.24 10% Total Income 45.73 58.41 68.59 50% 209.21 232.30 11%
Slide 7: Management Commentary
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 6 Management Commentary Revenue from Operations for FY26 grew by 13%, In the Relays project, we are behind the original supported by the scale-up of Alloys division in timelines, with commercial ramp-up now Looking ahead, our focus fo
Slide 8: Company Overview
COMPANY OVERVIEW JOURNEY & TRANSFORMATION 08 PML AT A GLANCE 09 PML’S VALUE PROPOSITION 10 ROBUST CAPABILITIES 11 KEY PRODUCTS 12 CRITICAL PRODUCT APPLICATIONS 14 STRONG CORPORATE GOVERNANCE 15 QUALITY CONTROL SYSTEMS 16
Slide 9: Journey and Transformation
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 8 Journey and Transformation 1960 - 2005 2005 - 2015 2015 - 2026 • Growth in magnets • Change in the energy meters • Magnets business stabilised business for energy technology led to a downturn in the • Categories such as Hi-perm & Sh
Slide 10: PML at a glance
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 9 PML at a glance Permanent Magnets is a manufacturer specializing in a wide 60+ 350+ range of components and assemblies built on key core technologies, including current and speed sensing, magnetic shielding, and magnetic assemblies.
Slide 11: PML's Value Proposition
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 10 PML’S Value Proposition PML is a solution provider with expertise in design, prototype and production of components, assemblies and materials related AIMS to be a Comprehensive Solution Provider to Automobile, Metering and other se
Slide 12: Robust Capabilities
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 11 Robust Capabilities PML has exceptional expertise in the fields of metallurgy, mechanical engineering, electrical engineering and electronics, enabling it to offer comprehensive solutions to its clients Understanding of Quality Des
Slide 13: Key Products
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 12 Key Products 01 02 03 04 05 Magnetic Sensing Current Sensing Magnetic Assemblies Alloys Zamak Die Casting Shielding C Shape Module Current Sensing Magnetic Lifter Alloy Ingot ZAMAK Valve Module Shunt Current Sensing Module Shieldin
Slide 14: Critical Product Applications (1/2)
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 13 Critical Product Applications (1/2) Speed Sensor Automobile EPS 1. Laminations 1. Permanent Magnets 2. Rotor Laminations 3. EPS Shields/Cores/Shunts 5 1 5 6 2 4 2 4 6 4. Shield 4. Flux Concentrator 4. Toroidal Cut Core 4. Shunt 5 2
Slide 15: Critical Product Applications (2/2)
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 14 Critical Product Applications (2/2) Electricity Meters Alloys 1 Shunt 1 2 CT 2 4 3 3 Relay 4 Brass terminal
Slide 16: Strong Corporate Governance
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 15 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 TAPARIA MR. KAMAL BINANI MR. MUKUL TAPARIA MS.
Slide 17: Quality Control Systems
COMPANY OVERVI EW Permanent Magnets Limited Investor Presentation 16 Quality Control Systems • PML adheres to the quality standards of the industry Key Certifications • The production facilities and QMS are certified by IATF, AS, EMS and OSHAS • PML is regularly audited by customers ISO OHSMS ISO IA
Slide 18: Business Overview
BUSINESS OVERVIEW VALUE ADDITION IN SMART METERS 18 BROAD-BASING CUSTOMER BASE 19 GEOGRAPHY-WISE SALES TREND 20 APPLICATIONS-WISE SALES TREND 21 STRATEGIC PRIORITIES 22 QUANTUM MAGNETICS ROADMAP 23
Slide 19: Value addition in Smart meters
BUSI NESS OVERVI EW Permanent Magnets Limited Investor Presentation 18 Value addition in Smart meters Value addition in components can generate significantly higher revenues and increase addressable market size 01 A strategic move to expand competencies Existing 1x SHUNTS • Significant increase in a
Slide 20: Broad-Basing Customer Base
BUSI NESS OVERVI EW Permanent Magnets Limited Investor Presentation 19 Broad-Basing Customer Base PML is Actively Diversifying & Strengthening its Top 5 & 10 Client Sales Contribution revenue stream through: 53% • Actively commercialising new products in Smart FY26 Meters and Alloys domain 44% • Sig
Slide 21: Geography-wise Sales Trend
BUSI NESS OVERVI EW Permanent Magnets Limited Investor Presentation 20 Geography-wise Sales Trend Asia continues to be the Recent growth in Asia driven by New market additions flagship market growing India business (domestic alloy ongoing process business) FY26 62% 18% 20% FY25 58% 22% 20% FY24 61%
Slide 22: Application-wise Sales Trend
BUSI NESS OVERVI EW Permanent Magnets Limited Investor Presentation 21 Application-wise Sales Trend Electricity Meters continues to be Alloys business is ramping up quite New application categories the flagship application industry, well, supported by recent capacity include Alloys, Electrical, Medi
Slide 23: Strategic Roadmap
STRATEGI C REVI EW Permanent Magnets Limited Investor Presentation 22 Strategic Roadmap Business growth from <5 YEAR Building in-house leadership capabilities to catalyse additional capabilities multiple new businesses & new growth drivers Scaling business from < 3 YEAR Scaling modules Commissioning
Slide 24: Quantum Magnetics Roadmap
STRATEGI C REVI EW Permanent Magnets Limited Investor Presentation 23 Quantum Magnetics Roadmap NdFeB 5,000 tons Initial Applications Targeted Localising the value chain in India FY31 integrated capacity target Consumer Automotive electronics Integrated Process Process built to scale backward from f
Slide 25: Trends & Growth Drivers
TRENDS & GROWTH DRIVERS GLOBAL SMART METERS: MARKET TRENDS 25 SMART ELECTRICITY METERS: 26 GLOBAL GROWTH DRIVERS INDIA SMART METERS: MARKET TRENDS 27 EV MARKET: MARKETS TRENDS 28 NdFeB: THE OPPORTUNITY 29 APPLICATIONS: NdFeBMAGNETS 30 NEED FOR AN ALTERNATE SUPPLY CHAIN 31 GLOBAL SHIFT FROM HEAVY TO
Slide 26: Global Smart Meters: Market Trends
STRATEGI C REVI EW Permanent Magnets Limited Investor Presentation 25 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
Slide 27: Smart Electricity Meters: Global Growth Drivers
TRENDS & GROWTH DRI VERS Permanent Magnets Limited Investor Presentation 26 Smart Electricity Meters: Global Growth Drivers On the one hand, the smart meter infrastructure is to empower customers by allowing them to choose their power suppliers, and on the other hand, it is expected to help distribu
Slide 28: India Smart Meters: Market Trends
TRENDS & GROWTH DRI VERS Permanent Magnets Limited Investor Presentation 27 India Smart Meters: Market Trends Smart Meter Installation Update on Smart Meter Installation 250 MN 250 Under RDSS (1st May 2025) GOI'S TARGETED INSTALLATION 01 Under RDSS, the GOI has entailed installation of smart 224 MN
Slide 29: EV Market: Market Trends
TRENDS & GROWTH DRI VERS Permanent Magnets Limited Investor Presentation 28 EV Market: Market Trends • Over 70 million electric cars EV Sales (Units in MN) were on the road by end of 2025, up 62% relative to 2023. • Electric cars stock has grown 2025 12.9 4.1 1.6 2.1 20.7 5-fold since 2018. • Global
Slide 30: NdFeB: The Opportunity
TRENDS & GROWTH DRI VERS Permanent Magnets Limited Investor Presentation 29 NdFeB: The Opportunity Overview Trends Global Demand • Neodymium magents is a • Modern vehicles can use 119,000 140+ electric motors, • Global demand for NdFeB tons by 2020 X category of rare earth (RE) many of which use mag
Slide 31: Applications: NdFeB Magnets
TRENDS & GROWTH DRI VERS Permanent Magnets Limited Investor Presentation 30 Applications: NdFeB Magnets Key Uses of NdFeb Magnets Other applications • Whitegoods & consumer appliances • ICE / EV / HEV • Wind turbines Pumps Small amounts of Whitegoods & motors Y – volumes of application units magnet,
Slide 32: Need for an Alternate Supply Chain
TRENDS & GROWTH DRI VERS Permanent Magnets Limited Investor Presentation 31 Need for an Alternate Supply Chain Over-reliance on China begets NdFeb Magnets Geographical concentration of supply chain alternate supply chain sources Value Chain stages for sintered NdFeB magnets • China dominates mining,
Slide 33: Global Shift from Heavy to Light Rare Earth Magnets
TRENDS & GROWTH DRI VERS Permanent Magnets Limited Investor Presentation 32 Global Shift from Heavy to Light Rare Earth Magnets Trigger Supply shock Industry response to India's strategic April 2025 China export controls Chinese rare earth magnet remove heavy rare position covered seven medium-heavy
Slide 34: Financial Snapshot
FINANCIAL SNAPSHOT PROFIT & LOSS STATEMENT SUMMARY 34 BALANCE SHEET STATEMENT SUMMARY 35 CASH FLOW STATEMENT SUMMARY 36 KEY PERFORMANCE INDICATORS 37
Slide 35: Standalone: Profit & Loss Statement Summary
FI NANCI AL SNAPSHOT Permanent Magnets Limited Investor Presentation 34 Standalone: Profit & Loss Statement Summary PARTICULARS (₹ in Crore) FY22 FY23 FY24 FY25 FY26 Total Revenue 133.26 188.19 205.87 204.08 231.65 Total Operating Expenses 102.78 141.47 166.04 172.32 186.45 EBITDA (Excluding OI) 26.
Slide 36: Standalone: Balance Sheet Statement Summary
FI NANCI AL SNAPSHOT Permanent Magnets Limited Investor Presentation 35 Standalone: Balance Sheet Statement Summary PARTICULARS (₹ in Crore) FY22 FY23 FY24 FY25 FY26 Shareholders Fund 82.22 110.95 132.39 146.00 164.97 Non Current Liabilities 3.91 4.69 15.11 14.61 32.59 Current Liabilities 29.84 35.6
Slide 37: Standalone: Cash Flow Statement Summary
FI NANCI AL SNAPSHOT Permanent Magnets Limited Investor Presentation 36 Standalone: Cash Flow Statement Summary PARTICULARS (₹ in Crore) FY22 FY23 FY24 FY25 FY26 Cash from Operating Activities 3.66 11.47 19.36 36.30 31.40 Cash from Investing Activities -3.80 -9.52 -17.94 -27.59 -27.75 Cash from Fina
Slide 38: Standalone: Key Performance Indicators
FI NANCI AL SNAPSHOT Permanent Magnets Limited Investor Presentation 37 Standalone: Key Performance Indicators EBITDA Margin (In %) ROCE (In %) 23% 36% 21% 31% 18% 17% 14% 22% 14% 16% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ROE (In %) Working Capital Days (In Days) 150 27% 136 132 132 23%
Slide 39: 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