Platinum Industries Ltd
Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]
- Market Cap ₹ 1,434 Cr.
- Current Price ₹ 261
- High / Low ₹ 502 / 169
- Stock P/E 29.4
- Book Value ₹ 68.6
- Dividend Yield 0.00 %
- ROCE 19.2 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 66.1 to 81.4 days.
- Working capital days have increased from 70.3 days to 111 days
* 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.
Peer comparison
Sector: Chemicals Industry: Chemicals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 71 | 184 | 234 | 252 | 325 | |
| 65 | 162 | 183 | 191 | 270 | |
| Operating Profit | 5 | 22 | 52 | 60 | 55 |
| OPM % | 8% | 12% | 22% | 24% | 17% |
| 0 | 1 | 1 | 1 | 16 | |
| Interest | 0 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | 5 | 21 | 49 | 58 | 66 |
| Tax % | 28% | 26% | 26% | 26% | 26% |
| 4 | 16 | 36 | 43 | 49 | |
| EPS in Rs | 36.39 | 147.73 | 8.99 | 7.89 | 8.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 40 | 55 | 55 |
| Reserves | 4 | 19 | 18 | 273 | 322 |
| 3 | 24 | 19 | 3 | 3 | |
| 23 | 36 | 21 | 38 | 53 | |
| Total Liabilities | 31 | 81 | 98 | 369 | 433 |
| 4 | 7 | 16 | 27 | 61 | |
| CWIP | 0 | 0 | 3 | 8 | 43 |
| Investments | 0 | 0 | 11 | 12 | 39 |
| 27 | 74 | 68 | 323 | 290 | |
| Total Assets | 31 | 81 | 98 | 369 | 433 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2 | -14 | 39 | 39 | -1 | |
| -2 | -5 | -28 | -86 | -160 | |
| -0 | 19 | -9 | 215 | -3 | |
| Net Cash Flow | -1 | -1 | 2 | 168 | -163 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 86 | 88 | 52 | 65 | 81 |
| Inventory Days | 38 | 41 | 44 | 36 | 58 |
| Days Payable | 127 | 72 | 32 | 55 | 68 |
| Cash Conversion Cycle | -2 | 57 | 64 | 46 | 72 |
| Working Capital Days | 14 | 68 | 55 | 44 | 111 |
| ROCE % | 86% | 84% | 30% | 19% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 May
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - Q4 FY25 CRISIL report confirms IPO proceeds utilized as per plan; delays due to approvals, no major deviations.
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Announcement Under Reg 30 Of SEBI LODR For Postponement Of Commercial Production.
13 May - Audited FY25 results approved; appointment of auditors; production start postponed to Sep 2025 (India) and Dec 2026 (Egypt).
-
Announcement Under Reg 30(5) Of SEBI LODR For Materiality Of Event.
13 May - Authorized key personnel for materiality determination and disclosures under SEBI regulations.
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Financial Results For Quarter And Year Ended 31St March, 2025.
13 May - Audited FY25 results approved; new auditors appointed; production start delayed to Sep 2025 (India) and Dec 2026 (Egypt).
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]