Platinum Industries Ltd
Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]
- Market Cap ₹ 2,235 Cr.
- Current Price ₹ 407
- High / Low ₹ 485 / 167
- Stock P/E 43.0
- Book Value ₹ 65.4
- Dividend Yield 0.00 %
- ROCE 29.5 %
- ROE 22.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.0%
- Company's working capital requirements have reduced from 55.9 days to 44.3 days
Cons
- 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 Allcap BSE Commodities BSE SmallCap BSE IPO
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 | TTM | |
|---|---|---|---|---|---|
| 71 | 184 | 234 | 252 | 296 | |
| 65 | 162 | 183 | 191 | 235 | |
| Operating Profit | 5 | 22 | 52 | 60 | 61 |
| OPM % | 8% | 12% | 22% | 24% | 21% |
| 0 | 1 | 1 | 1 | 12 | |
| Interest | 0 | 2 | 2 | 2 | 1 |
| Depreciation | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | 5 | 21 | 49 | 58 | 70 |
| Tax % | 28% | 26% | 26% | 26% | |
| 4 | 16 | 36 | 43 | 52 | |
| EPS in Rs | 36.39 | 147.73 | 8.99 | 7.89 | 10.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 53% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 124% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 40 | 55 | 55 |
| Reserves | 4 | 19 | 18 | 273 | 305 |
| 3 | 24 | 19 | 3 | 2 | |
| 23 | 36 | 21 | 38 | 28 | |
| Total Liabilities | 31 | 81 | 98 | 369 | 390 |
| 4 | 7 | 16 | 27 | 54 | |
| CWIP | 0 | 0 | 3 | 8 | 19 |
| Investments | 0 | 0 | 11 | 12 | 34 |
| 27 | 74 | 68 | 323 | 282 | |
| Total Assets | 31 | 81 | 98 | 369 | 390 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 2 | -14 | 39 | 39 | |
| -2 | -5 | -28 | -86 | |
| -0 | 19 | -9 | 215 | |
| Net Cash Flow | -1 | -1 | 2 | 168 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 86 | 88 | 52 | 65 |
| Inventory Days | 38 | 41 | 44 | 36 |
| Days Payable | 127 | 72 | 32 | 55 |
| Cash Conversion Cycle | -2 | 57 | 64 | 46 |
| Working Capital Days | 14 | 68 | 55 | 44 |
| ROCE % | 86% | 84% | 30% |
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]