Past 10 year's financial track record analysis by Moneyworks4me indicates that Platinum Industries Ltd is a average quality company.
The key valuation ratios of Platinum Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Platinum Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 66% | 85.7% | 85.4% | 29.7% | - |
| Value Creation Index ⓘ | 3.7 | 5.1 | 5.1 | 1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 70.9 | 184 | 234 | 252 | 296 |
| Sales YoY Gr. | - | 159.9% | 27.1% | 7.5% | - |
| Adj EPS ⓘ | 0.9 | 3.7 | 8.9 | 7.8 | 9.5 |
| YoY Gr. | - | 304.4% | 141.6% | -11.9% | - |
| BVPS (₹) ⓘ | 1.2 | 4.9 | 14.4 | 59.7 | 65.4 |
| Adj Net Profit ⓘ | 3.8 | 15.1 | 35.8 | 43 | 52 |
| Cash Flow from Ops. ⓘ | 1.7 | -14.4 | 38.7 | 39.1 | - |
| Debt/CF from Ops. ⓘ | 1.9 | -1.7 | 0.5 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 52.6% | 7.5% | ||||
| Adj EPS ⓘ | NA | NA | 104.9% | -11.9% | ||||
| BVPSⓘ | NA | NA | 268.8% | 314.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 76.9 | 120.7 | 91.6 | 22.3 | 15.1 |
| Op. Profit Mgn % ⓘ | 7.7 | 12.1 | 21.9 | 23.9 | 20.6 |
| Net Profit Mgn % ⓘ | 5.3 | 8.2 | 15.3 | 17.1 | 17.5 |
| Debt to Equity ⓘ | 0.7 | 1.2 | 0.3 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 94 | 98 | 94 | 182 |
| Cash Conv. Cycle ⓘ | 0 | 28 | 46 | 45 | 162 |
Sales growth is growing at healthy rate in last 3 years 52.55%
Net Profit is growing at healthy rate in last 3 years 104.91%
Sales growth is good in last 4 quarters at 22.15%
Return on Equity has declined versus last 3 years average to 15.10%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.5 | 9.6 |
| TTM Sales (₹ Cr.) | 296 | 344 |
| BVPS (₹.) ⓘ | 65.4 | 66.1 |
| Reserves (₹ Cr.) ⓘ | 305 | 308 |
| P/BV ⓘ | 6.49 | 6.42 |
| PE ⓘ | 44.84 | 44.44 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 167.40 / 482.80 |
| All Time Low / High (₹) | 167.40 / 482.80 |
| Market Cap (₹ Cr.) | 2,331 |
| Equity (₹ Cr.) | 54.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 56.1 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 71 | 184 | 234 | 252 |
| Operating Expenses ⓘ | 65 | 162 | 183 | 192 |
| Manufacturing Costs | 0 | 1 | 11 | 12 |
| Material Costs | 57 | 138 | 146 | 154 |
| Employee Cost | 2 | 3 | 5 | 7 |
| Other Costs ⓘ | 6 | 20 | 20 | 19 |
| Operating Profit ⓘ | 5 | 22 | 51 | 60 |
| Operating Profit Margin (%) | 7.6% | 12.1% | 21.8% | 23.8% |
| Other Income ⓘ | 0 | 1 | 1 | 2 |
| Interest ⓘ | 0 | 2 | 2 | 2 |
| Depreciation ⓘ | 0 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 21 | 49 | 58 |
| Tax ⓘ | 1 | 5 | 13 | 15 |
| Profit After Tax | 4 | 16 | 36 | 43 |
| PAT Margin (%) | 5.4% | 8.4% | 15.5% | 17.2% |
| Adjusted EPS (₹) | 0.9 | 3.8 | 9.0 | 7.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5 | 20 | 58 | 328 | ||||||
| Share Capital ⓘ | 1 | 1 | 40 | 55 | ||||||
| Reserves ⓘ | 4 | 19 | 18 | 273 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 3 | 24 | 17 | 1 | ||||||
| Long Term Debt | 1 | 1 | 1 | 1 | ||||||
| Short Term Debt | 2 | 24 | 16 | 0 | ||||||
| Trade Payables | 20 | 27 | 13 | 23 | ||||||
| Others Liabilities ⓘ | 3 | 9 | 10 | 17 | ||||||
| Total Liabilities ⓘ | 31 | 81 | 98 | 369 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 8 | 19 | 30 | ||||||
| Accumulated Depreciation | 0 | 1 | 3 | 4 | ||||||
| Net Fixed Assetsⓘ | 4 | 7 | 16 | 27 | ||||||
| CWIP ⓘ | 0 | 0 | 3 | 8 | ||||||
| Investmentsⓘ | 0 | 0 | 11 | 12 | ||||||
| Inventories | 6 | 15 | 18 | 15 | ||||||
| Trade Receivables | 17 | 45 | 33 | 45 | ||||||
Cash Equivalents  ⓘ
| 1 | 4 | 11 | 249 | ||||||
| Others Assetsⓘ | 3 | 10 | 6 | 13 | ||||||
| Total Assets ⓘ | 31 | 81 | 98 | 369 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | -14 | 39 | 39 |
| PBT ⓘ | 5 | 21 | 49 | 58 |
| Adjustment ⓘ | 0 | 3 | 3 | 3 |
| Changes in Working Capital ⓘ | -2 | -36 | -1 | -6 |
| Tax Paid ⓘ | -2 | -3 | -12 | -17 |
| Cash Flow From Investing Activity ⓘ | -2 | -5 | -28 | -86 |
| Capex | -1 | -1 | -12 | -15 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -4 | -16 | -71 |
| Cash Flow From Financing Activityⓘ | 0 | 19 | -9 | 215 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 14 |
| Net Proceeds from Borrowing ⓘ | 0 | 1 | 1 | 0 |
| Interest Paid ⓘ | 0 | -1 | -2 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | 20 | -8 | 202 |
| Net Cash Flow ⓘ | -1 | -1 | 2 | 168 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 78.45 | 124.28 | 92.68 | 22.46 | ||||||
| ROCE (%) | 66.02 | 85.65 | 85.37 | 29.71 | ||||||
| Asset Turnover Ratio | 2.31 | 3.31 | 2.62 | 1.08 | ||||||
| PAT to CFO Conversion(x) | 0.5 | -0.88 | 1.08 | 0.91 | Working Capital Days | |||||
| Receivable Days | 86 | 61 | 61 | 57 | ||||||
| Inventory Days | 31 | 21 | 26 | 24 | ||||||
| Payable Days | 127 | 62 | 50 | 43 | ||||||
The company was incorporated under the provisions of the Limited Liability Partnership Act, 2008 in the name and style of “Platinum Industries LLP” on August 19, 2016. Platinum Industries LLP was thereafter converted into a private limited company “Platinum Industries Private Limited” pursuant to the provisions of Chapter XXI of the Companies Act, 2013 vide Certificate of Incorporation dated July 09, 2020 issued by the Central Registration Centre, Registrar of Companies. Subsequently, the company has been converted into a public limited company and the name of the company changed to “Platinum Industries Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the company held on March 31, 2023 and a fresh Certificate of Incorporation dated June 02, 2023 has been issued by the RoC.
The company is a multi-product company engaged in the business of manufacturing stabilizers. Its business segment includes PVC stabilizers, CPVC additives and lubricants. It operates in the speciality chemicals industry. Its products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The company provides customized products and solutions directly to its customers and also through its network of distributors. It also undertakes trading activities of associated commodity chemicals such as titanium dioxide and PVC/CPVC resin. It exports its products to other countries also. It has a distribution network of 12 spread across India.
The company’s manufacturing facility is located at Palghar, Maharashtra. Its Manufacturing Facility has obtained ISO 9001:2015 certification for quality management systems. Its Manufacturing Facility which is strategically situated in close proximity to JNPT (Nhava Sheva) Port, Maharashtra (JNPT) from where it receives its supply of imported raw materials as well as export out finished goods to the international market. The company invests in R&D activities to create a differentiating factor and sustainability in its products and services vis-a-vis its competitors. In addition to its manufacturing facilities at Palghar, Maharashtra it has a dedicated in-house R&D facility located at village Dhansar, Palghar, Maharashtra (R&D Facility). Its R&D Facility is equipped with analytical laboratory infrastructure for various developmental activities which includes process, finished products and other raw materials. It shares its R&D facility with its group companies.
Business area of the company
The company specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants. The company's products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.
Key events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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