Platinum Industries

₹212 -0.3 | 0.1%

WEBSITE BSE:544134 NSE : PLATIND 18 May, 12:50

Market Cap ₹1164 Cr.

Stock P/E 21.9

P/B 3.5

Current Price ₹212

Book Value ₹ 60.3

Face Value 10

52W High ₹237

Dividend Yield 0%

52W Low ₹ 167.4

Edit Ratio

Platinum Industries Research see more...

Overview Inc. Year: 2016Industry: Chemicals

Platinum Industries Limited is a leading manufacturer in India, specializing in PVC and CPVC stabilizers and lubricants. Founded in 2016, portfolio includes metallic soaps, zinc stearates, calcium stearates, PE wax, OPE wax, PVC lead stabilizer, and CPVC superpacks, among others. These products cater to various applications, such as PVC pipes, electrical wires, and packaging materials, contributing to advancements in the industry. Their state-of-the-art R&D lab and technical team set industry benchmarks, ensuring unmatched product quality. Recently, Platinum Industries went public with an IPO that was 99.03 times subscribed, reflecting the market’s confidence in their growth and potential. As they continue to expand their global footprint, Platinum Industries remains dedicated to championing sustainability and setting new standards in the PVC and CPVC additives manufacturing sector.

Platinum Industries Share Price

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Peer Comparison

Platinum Industries Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Dec 2023	Mar 2024
Net Sales	65	60	61	80
Other Income	0	0	1	1
Total Income	65	61	62	81
Total Expenditure	49	46	48	65
Operating Profit	17	14	14	16
Interest	1	0	1	0
Depreciation	1	1	1	1
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	15	13	13	15
Provision for Tax	4	4	3	4
Profit After Tax	11	10	10	11
Adjustments	0	0	0	-0
Profit After Adjustments	11	10	10	11
Adjusted Earnings Per Share	2.8	2.5	2.5	1.9

Platinum Industries Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	89	188	231	266
Other Income	0	1	1	2
Total Income	90	189	233	269
Total Expenditure	82	163	178	208
Operating Profit	8	26	55	61
Interest	0	2	2	2
Depreciation	1	1	2	4
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	7	24	51	56
Provision for Tax	2	6	13	15
Profit After Tax	5	18	38	42
Adjustments	0	0	0	0
Profit After Adjustments	5	18	38	42
Adjusted Earnings Per Share	1.2	4.3	9.3	9.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	23%	0%	0%	0%
Operating Profit CAGR	112%	0%	0%	0%
PAT CAGR	111%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	89%	110%	110%	110%
ROCE Average	84%	90%	90%	90%

Platinum Industries Balance Sheet

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	4	22	62
Minority's Interest	0	0	10
Borrowings	1	1	1
Other Non-Current Liabilities	2	2	4
Total Current Liabilities	25	60	44
Total Liabilities	32	84	121
Fixed Assets	6	7	34
Other Non-Current Assets	1	1	4
Total Current Assets	26	77	82
Total Assets	32	84	121

Platinum Industries Cash Flow

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	1	0
Cash Flow from Operating Activities	3	-15	38
Cash Flow from Investing Activities	-1	-5	-37
Cash Flow from Financing Activities	-1	19	0
Net Cash Inflow / Outflow	1	-1	2
Closing Cash & Cash Equivalent	1	0	2

Platinum Industries Ratios

#	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.17	4.32	9.34
CEPS(Rs)	1.35	4.54	9.79
DPS(Rs)	0	0	0
Book NAV/Share(Rs)	1.09	5.44	15.37
Core EBITDA Margin(%)	8.46	13.47	23.27
EBIT Margin(%)	7.93	13.58	22.94
Pre Tax Margin(%)	7.5	12.73	22
PAT Margin (%)	5.39	9.43	16.24
Cash Profit Margin (%)	6.23	9.91	17.03
ROA(%)	14.93	30.45	36.68
ROE(%)	107.67	132.4	89.26
ROCE(%)	91.56	94.06	84.37
Receivable days	68.03	63.26	62.83
Inventory Days	24.44	20.82	33.55
Payable days	100.13	62.08	54.19
PER(x)	0	0	0
Price/Book(x)	0	0	0
Dividend Yield(%)	0	0	0
EV/Net Sales(x)	0.03	0.11	0.18
EV/Core EBITDA(x)	0.4	0.8	0.77
Net Sales Growth(%)	0	110.77	23.03
EBIT Growth(%)	0	260.79	107.9
PAT Growth(%)	0	268.6	111.76
EPS Growth(%)	0	268.6	116.05
Debt/Equity(x)	0.73	1.09	0.28
Current Ratio(x)	1.04	1.29	1.87
Quick Ratio(x)	0.8	1.03	1.25
Interest Cover(x)	18.39	16.13	24.48
Total Debt/Mcap(x)	0	0	0

Platinum Industries Shareholding Pattern

#	Mar 2024
Promoter	71
FII	5.08
DII	2.69
Public	21.23
Others	0
Total	100

#	Mar 2024
Promoter	3.9
FII	0.28
DII	0.15
Public	1.17
Others	0
Total	5.49

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 110%
Debtor days have improved from 62.08 to 54.19days.
Company is almost debt free.

Cons

Stock is trading at 3.5 times its book value.

* 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.