Platinum Industries Ltd

Platinum Industries Ltd

₹ 287 8.93%
01 Sep 9:07 a.m.
About

Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]

Key Points

Leading Manufacturer of PVC Stabilisers[1]
Platinum Industries Ltd is a specialty chemicals company focused on PVC & CPVC additives, metallic soaps, and lubricants. Established in 2016, the company has grown to become the third-largest player in India’s PVC additives with a 13% market share.

  • Market Cap 1,575 Cr.
  • Current Price 287
  • High / Low 502 / 220
  • Stock P/E 35.6
  • Book Value 68.6
  • Dividend Yield 0.00 %
  • ROCE 19.2 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.16.4 Cr.
  • Debtor days have increased from 66.1 to 81.4 days.
  • Working capital days have increased from 60.3 days to 110 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
66 59 60 60 59 73 86 78 78 82 103
50 44 44 43 45 59 67 64 65 74 89
Operating Profit 16 15 16 16 13 15 19 14 13 8 14
OPM % 24% 25% 27% 27% 23% 20% 22% 18% 17% 10% 13%
-0 0 0 0 0 1 4 6 3 3 5
Interest 0 1 1 1 0 0 0 0 0 1 0
Depreciation 0 0 0 0 0 0 1 0 1 1 1
Profit before tax 15 14 15 15 13 15 23 19 15 9 17
Tax % 27% 27% 25% 25% 25% 29% 26% 24% 28% 30% 26%
11 10 11 12 10 11 17 14 11 6 13
EPS in Rs 104.98 2.51 2.83 2.88 2.44 1.92 3.11 2.64 1.99 1.15 2.28
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
71 184 234 252 325 342
65 162 183 191 270 293
Operating Profit 5 22 52 60 55 49
OPM % 8% 12% 22% 24% 17% 14%
0 1 1 1 16 16
Interest 0 2 2 2 2 2
Depreciation 0 1 1 2 3 3
Profit before tax 5 21 49 58 66 60
Tax % 28% 26% 26% 26% 26%
4 16 36 43 49 44
EPS in Rs 36.39 147.73 8.99 7.89 8.89 8.06
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 46%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -36%
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 3 21 29 43 110
ROCE % 86% 84% 30% 19%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
71.00% 71.00% 71.00% 71.00% 71.00% 71.00%
5.09% 3.81% 0.72% 1.49% 0.82% 0.59%
2.69% 2.68% 3.04% 2.68% 2.68% 2.79%
21.24% 22.53% 25.25% 24.86% 25.52% 25.63%
No. of Shareholders 47,27840,03840,23242,03942,42743,351

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents