Platinum Industries Ltd
Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]
- Market Cap ₹ 1,447 Cr.
- Current Price ₹ 263
- High / Low ₹ 502 / 220
- Stock P/E 34.5
- Book Value ₹ 73.1
- Dividend Yield 0.00 %
- ROCE 19.1 %
- 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
- Debtor days have increased from 66.1 to 81.4 days.
- Working capital days have increased from 52.6 days to 86.4 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
Commodities Chemicals Chemicals & Petrochemicals Specialty 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 | TTM | |
|---|---|---|---|---|---|---|
| 71 | 184 | 234 | 252 | 325 | 360 | |
| 65 | 162 | 183 | 191 | 270 | 311 | |
| Operating Profit | 5 | 22 | 52 | 60 | 55 | 50 |
| OPM % | 8% | 12% | 22% | 24% | 17% | 14% |
| 0 | 1 | 1 | 1 | 16 | 14 | |
| Interest | 0 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 2 | 3 | 4 |
| Profit before tax | 5 | 21 | 49 | 58 | 66 | 57 |
| Tax % | 28% | 26% | 26% | 26% | 26% | |
| 4 | 16 | 36 | 43 | 49 | 42 | |
| EPS in Rs | 36.39 | 147.73 | 8.99 | 7.89 | 8.89 | 7.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 47% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 40 | 55 | 55 | 55 |
| Reserves | 4 | 19 | 18 | 273 | 322 | 346 |
| 3 | 24 | 19 | 3 | 9 | 12 | |
| 23 | 36 | 21 | 38 | 47 | 71 | |
| Total Liabilities | 31 | 81 | 98 | 369 | 433 | 484 |
| 4 | 7 | 16 | 27 | 61 | 87 | |
| CWIP | 0 | 0 | 3 | 8 | 44 | 27 |
| Investments | 0 | 0 | 11 | 12 | 39 | 66 |
| 27 | 74 | 68 | 323 | 290 | 304 | |
| Total Assets | 31 | 81 | 98 | 369 | 433 | 484 |
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 | 86 |
| ROCE % | 86% | 84% | 30% | 19% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Advertisement for Unaudited Financial results for quarter and half year ended 30.09.2025.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2d - CRISIL MA report for quarter ended Sep 30, 2025: IPO proceeds utilization of Rs2,118.29mn; no deviations.
-
General Announcement
13 Nov - Q2/H1 unaudited results; auditor qualified over subsidiary fire loss Rs103.35m and Rs98.19m insurance claim; subsidiary equity issuance approved
-
Board Meeting Outcome for Outcome Of Board Meeting
13 Nov - Approved Q2/H1 Sep30,2025 results; Rs98.19m insurance claim from July 7 fire; subsidiary share issuance proposed.
- Results For Quarter And Half Year Ended 30 September 2025. 13 Nov
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.