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Permanent MagnetsNSE:PERMAGN -0.07%23 Current Ratio is 0.00 as of Jun. 2026. GuruFocus rates NSE:PERMAGN with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 3,080 Industrial Products companies, Permanent Magnets ranks better than 85% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Permanent Magnets's current ratio for the quarter that ended in Jun. 2026 was 0.00.
Permanent Magnets has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Permanent Magnets has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Permanent Magnets's Current Ratio or its related term are showing as below:
NSE:PERMAGN'
s Current Ratio Range Over the Past 10 Years
Min: 1.29 Med: 3.32 Max: 4.51
Current: 4.06
During the past 13 years, Permanent Magnets's highest Current Ratio was 4.51. The lowest was 1.29. And the median was 3.32.
NSE:PERMAGN's Current Ratio is ranked better than 85% of 3080
companies
in the Industrial Products industry
Industry Median: 1.95
vs NSE:PERMAGN: 4.06
Permanent Magnets (NSE:PERMAGN) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Permanent Magnets Current Ratio Related Terms
Permanent Magnets Current Ratio Historical Data
* Premium members only.
The historical data trend for Permanent Magnets's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electrical Equipment & Parts subindustry, Permanent Magnets's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Permanent Magnets Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Permanent Magnets's Current Ratio distribution charts can be found below:
* The bar in red indicates where Permanent Magnets's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Permanent Magnets (NSE:PERMAGN) has a Current Ratio of 0.00 as of Jun. 2026. Over the past decade, Permanent Magnets' Current Ratio has ranged from 1.29 to 4.51. According to the industry distribution chart, Permanent Magnets ranks #462 out of 3080 companies in the Industrial Products industry, placing it in the top 15%.
Is Permanent Magnets' Current Ratio too high?
Permanent Magnets' current Current Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 4.51. Based on the distribution chart, Permanent Magnets ranks #462 out of 3080 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Permanent Magnets has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Permanent Magnets' Current Ratio compare to ?
According to the Industrial Products industry distribution chart, Permanent Magnets ranks #462 out of 3080 companies for Current Ratio. This places Permanent Magnets in the top 15% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.95. Historically, Permanent Magnets' own Current Ratio has ranged from 1.29 to 4.51 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Industrial Products company?
The median Current Ratio among Industrial Products companies is 1.95, based on 3,080 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median Current Ratio is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Permanent Magnets's current Current Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Permanent Magnets stock overvalued right now?
Permanent Magnets (NSE:PERMAGN) has a current Current Ratio of 0.00. The current Current Ratio is 0.00. Permanent Magnets' overall GF Score™ is 23/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Permanent Magnets (NSE:PERMAGN), the current Current Ratio is 0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Permanent Magnets Ltd is an Indian based company. It is engaged in the manufacturing of cast alloy magnets, parts, and accessories for electricity and electric vehicle parts in the world. PML also supplies Gas meter 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. Its products are used in electronics, electricity meters, the automobile industry, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. The company derives the majority of its revenue from sales of parts and accessories of the electricity meter. It operates in a single segment, which is Engineering and Current Sensing applications.
23GF Score
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