Platinum Industries Ltd
Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]
- Market Cap ₹ 1,299 Cr.
- Current Price ₹ 237
- High / Low ₹ 342 / 184
- Stock P/E 24.3
- Book Value ₹ 79.0
- Dividend Yield 0.00 %
- ROCE 17.1 %
- ROE 13.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- 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 82.5 to 101 days.
- Working capital days have increased from 89.4 days to 139 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 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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 71 | 184 | 234 | 252 | 325 | 434 | |
| 65 | 162 | 183 | 191 | 270 | 374 | |
| Operating Profit | 5 | 22 | 52 | 60 | 55 | 60 |
| OPM % | 8% | 12% | 22% | 24% | 17% | 14% |
| 0 | 1 | 1 | 1 | 16 | 15 | |
| Interest | 0 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 2 | 3 | 5 |
| Profit before tax | 5 | 21 | 49 | 58 | 66 | 68 |
| Tax % | 28% | 26% | 26% | 26% | 26% | 22% |
| 4 | 16 | 36 | 43 | 49 | 54 | |
| EPS in Rs | 36.39 | 147.73 | 8.99 | 7.89 | 8.89 | 9.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 23% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 69% |
| 3 Years: | 14% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 15% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 40 | 55 | 55 | 55 |
| Reserves | 4 | 19 | 18 | 273 | 322 | 379 |
| 3 | 24 | 19 | 3 | 9 | 3 | |
| 23 | 36 | 21 | 38 | 47 | 84 | |
| Total Liabilities | 31 | 81 | 98 | 369 | 433 | 520 |
| 4 | 7 | 16 | 27 | 61 | 88 | |
| CWIP | 0 | 0 | 3 | 8 | 44 | 38 |
| Investments | 0 | 0 | 11 | 12 | 39 | 127 |
| 27 | 74 | 68 | 323 | 290 | 267 | |
| Total Assets | 31 | 81 | 98 | 369 | 433 | 520 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 2 | -14 | 39 | 39 | -1 | 1 | |
| -2 | -5 | -28 | -86 | -160 | 7 | |
| -0 | 19 | -9 | 215 | -3 | -3 | |
| Net Cash Flow | -1 | -1 | 2 | 168 | -163 | 6 |
| Free Cash Flow | -0 | -16 | 26 | 24 | -46 | -22 |
| CFO/OP | 60% | -53% | 99% | 92% | 30% | 26% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 86 | 88 | 52 | 65 | 81 | 101 |
| Inventory Days | 38 | 41 | 44 | 36 | 58 | 80 |
| Days Payable | 127 | 72 | 32 | 55 | 68 | 82 |
| Cash Conversion Cycle | -2 | 57 | 64 | 46 | 72 | 99 |
| Working Capital Days | 3 | 21 | 29 | 43 | 86 | 139 |
| ROCE % | 86% | 84% | 30% | 19% | 17% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Total Installed Capacity (Standalone) MTPA |
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| Domestic PVC Stabilizer Market Share % |
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| Net Working Capital Cycle Days |
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| Number of B2B Customers Numbers |
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| Total Sales Volumes MT |
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| Lead Based Stabilizers Production MT |
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| Non-Lead Stabilizers Production MT |
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| Sales Realization ₹/kg |
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| Capacity Utilization Rate % |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4h - Enclosed Newspaper Advertisement for Audited Financial Results for quarter and financial year ended 31 March 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
4h - Q4 FY26 monitoring report shows ₹1,507.87 million IPO proceeds utilized; delay due to regulatory approvals.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Earnings call recording from May 13, 2026 available on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Announcement under Reg 30 SEBI (LODR) regarding Investor Presentation for Audited Financial results for quarter and financial year ended 31st March 2026.
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General Announcement
1d - FY26 audited results approved with modified opinion; internal auditor appointed; SMP reconstituted; subsidiary to issue fresh equity.
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.