Platinum Industries Ltd
Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]
- Market Cap ₹ 2,570 Cr.
- Current Price ₹ 470
- High / Low ₹ 486 / 167
- Stock P/E 49.1
- Book Value ₹ 66.1
- Dividend Yield 0.00 %
- ROCE 27.2 %
- ROE 22.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.1%
Cons
- Stock is trading at 7.11 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 IPO BSE Commodities BSE SmallCap BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 89 | 188 | 231 | 264 | 344 | |
| 82 | 163 | 178 | 203 | 280 | |
| Operating Profit | 8 | 25 | 54 | 61 | 64 |
| OPM % | 9% | 14% | 23% | 23% | 19% |
| 0 | 1 | 1 | 2 | 12 | |
| Interest | 0 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 3 | 3 |
| Profit before tax | 7 | 24 | 51 | 58 | 71 |
| Tax % | 28% | 26% | 26% | 26% | |
| 5 | 18 | 38 | 44 | 53 | |
| EPS in Rs | 45.79 | 168.63 | 9.42 | 7.96 | 10.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 108% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 40 | 55 | 55 |
| Reserves | 3 | 21 | 22 | 276 | 308 |
| 5 | 26 | 22 | 11 | 14 | |
| 23 | 36 | 37 | 53 | 51 | |
| Total Liabilities | 32 | 84 | 121 | 395 | 427 |
| 6 | 7 | 34 | 40 | 70 | |
| CWIP | 0 | 0 | 3 | 8 | 19 |
| Investments | 0 | 0 | 0 | 0 | 16 |
| 27 | 78 | 84 | 347 | 322 | |
| Total Assets | 32 | 84 | 121 | 395 | 427 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 3 | -15 | 38 | 33 | |
| -1 | -5 | -37 | -79 | |
| -1 | 19 | 0 | 220 | |
| Net Cash Flow | 1 | -1 | 2 | 174 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 68 | 94 | 49 | 69 |
| Inventory Days | 31 | 41 | 71 | 48 |
| Days Payable | 100 | 73 | 36 | 58 |
| Cash Conversion Cycle | -1 | 62 | 84 | 59 |
| Working Capital Days | 11 | 72 | 62 | 58 |
| ROCE % | 88% | 75% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 Nov - Reg 30 of SEBI (LODR) Reg. 2015, enclosed herewith Investor Presentation for Unaudited Financial Results for the Quarter and half year ended 30th September, 2024.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Nov - Platinum Industries reports 64.7% revenue growth for H1 FY25.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Copy of Newspaper Advertisement regarding Unaudited Standalone and Consolidated Financial Results for Quarter and half year ended 30th September, 2024, published in English and Marathi …
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Statement Of Deviation Or Variation Of Issue Proceeds For Quarter Ended September 30, 2024.
14 Nov - No deviation in IPO proceeds utilization for Q3 2024.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Nov - Monitoring Agency Report for IPO proceeds utilization.
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]