Reasons for buying:
Buy PE was reasonable at 18.54 and above 10 years PE median of 15.26. I bought it at a high price and PE.
Earnings have increased since 2015 and revenues increased by 6% since 2012.
Return on equity is good at 28.84%.
The market cap of the company is ₹343.72cr.
The debt of the company is ₹1.85cr with ₹22.78cr in cash.
Buy date: 12-Nov-2021
Qty: 23 Buy Price: ₹417.00 Buy EPS: ₹22.48 Buy PE: 18.54
The price of the stock is down about -6.44% from my buy price.
Buy date: 30-Nov-2021
Qty: 26 Price: ₹375 EPS: ₹23.69 PE: 15.82
Buy date: 20-Dec-2021
Qty: 30 Price: ₹333 EPS: ₹23.7 PE: 14.05
Sold Date: 14-Nov-2022
Qty: 79 Price: ₹670 EPS: ₹21.49 PE: 31.17
I made a profit of ₹23,694 on this stock actually, the EPS is ₹25 but googlefinance was not updated and in the GTT order sold it, wanted to buy it back but did not and will remove GTT orders for sale, and will place aftermarket orders after checking EPS in tickertape.
Permanent Magnets Ltd is an Indian-based company. It is engaged in the manufacturing of cast magnets and parts and accessories of electricity meters and their application. The magnets are used in electronics, electricity meters, automobile industries, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. Its product portfolio includes magnetic assemblies, shunts, brass terminals, magnetic separators, electromagnets, alnico magnets, and others. The company derives the majority of its revenues from sales of parts and accessories of the electricity meter.
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