Platinum Industries Ltd
Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]
- Market Cap ₹ 1,203 Cr.
- Current Price ₹ 219
- High / Low ₹ 237 / 167
- Stock P/E 32.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 74.8 %
- ROE 89.3 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 70.4 to 49.0 days.
Cons
- Promoter holding has decreased over last quarter: -25.9%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 89 | 188 | 231 | |
| 82 | 163 | 178 | |
| Operating Profit | 8 | 25 | 54 |
| OPM % | 9% | 14% | 23% |
| 0 | 1 | 1 | |
| Interest | 0 | 2 | 2 |
| Depreciation | 1 | 1 | 2 |
| Profit before tax | 7 | 24 | 51 |
| Tax % | 28% | 26% | 26% |
| 5 | 18 | 38 | |
| EPS in Rs | 45.79 | 168.63 | 9.42 |
| Dividend Payout % | -0% | -0% | -0% |
| Compounded Sales Growth | |
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| TTM: | 23% |
| Compounded Profit Growth | |
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| TTM: | 112% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 89% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 1 | 1 | 40 | 40 |
| Reserves | 3 | 21 | 22 | 45 |
| 5 | 26 | 22 | 16 | |
| 23 | 36 | 37 | 37 | |
| Total Liabilities | 32 | 84 | 121 | 138 |
| 6 | 7 | 34 | 33 | |
| CWIP | 0 | -0 | 3 | 4 |
| Investments | -0 | -0 | -0 | 3 |
| 27 | 78 | 84 | 97 | |
| Total Assets | 32 | 84 | 121 | 138 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 3 | -15 | 38 | |
| -1 | -5 | -37 | |
| -1 | 19 | 0 | |
| Net Cash Flow | 1 | -1 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 68 | 94 | 49 |
| Inventory Days | 31 | 41 | 71 |
| Days Payable | 100 | 73 | 36 |
| Cash Conversion Cycle | -1 | 62 | 84 |
| Working Capital Days | 11 | 72 | 62 |
| ROCE % | 88% | 75% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 23h
- Certificate As Per Regulation 40 (9) And (10) Of The SEBI (LODR) Regulations, 2015 2d
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations 2015. 18 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - Certificate issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024.
- Closure of Trading Window 29 Mar
Leading Manufacturer of PVC Stabilisers[1] The company is the third largest Indian manufacturer of PVC stabilizers in terms of sales with 13.0% market share in FY23. Top 3 manufacturers account for 50-55% of market share and top 2 manufacturers are Baerlocher and Goldstab.[2]