Platinum Industries Ltd - Stock Valuation and Financial Performance

BSE: 544134 | NSE: PLATIND | Chemicals | Small Cap

Platinum Industries Share Price

462.30 -9.75 -2.07%
as on 09-Dec'24 16:59

DeciZen - make an informed investing decision on Platinum Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Platinum Industries stock performance -

mw4me loader
P/E Ratio (SA):
49.88
Market Cap:
2,592.7 Cr.
52-wk low:
167.4
52-wk high:
486.2

Is Platinum Industries Ltd an attractive stock to invest in?

1. Is Platinum Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Platinum Industries Ltd is a average quality company.

2. Is Platinum Industries Ltd undervalued or overvalued?

The key valuation ratios of Platinum Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Platinum Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Platinum Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Platinum Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Platinum Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 66%85.7%85.4%29.7%-
Value Creation
Index
3.75.15.11.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 70.9184234252296
Sales YoY Gr.-159.9%27.1%7.5%-
Adj EPS 0.93.78.97.89.5
YoY Gr.-304.4%141.6%-11.9%-
BVPS (₹) 1.24.914.459.765.4
Adj Net
Profit
3.815.135.84352
Cash Flow from Ops. 1.7-14.438.739.1-
Debt/CF from Ops. 1.9-1.70.50-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA52.6%7.5%
Adj EPS NANA104.9%-11.9%
BVPSNANA268.8%314.5%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
76.9120.791.622.315.1
Op. Profit
Mgn %
7.712.121.923.920.6
Net Profit
Mgn %
5.38.215.317.117.5
Debt to
Equity
0.71.20.300
Working Cap
Days
0949894182
Cash Conv.
Cycle
0284645162

Recent Performance Summary

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%

Latest Financials - Platinum Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 9.5 9.6
TTM Sales (₹ Cr.) 296 344
BVPS (₹.) 65.4 66.1
Reserves (₹ Cr.) 305 308
P/BV 7.21 7.15
PE 49.88 49.43
From the Market
52 Week Low / High (₹) 167.40 / 486.20
All Time Low / High (₹) 167.40 / 482.80
Market Cap (₹ Cr.) 2,593
Equity (₹ Cr.) 54.9
Face Value (₹) 10
Industry PE 59.6

Management X-Ray of Platinum Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Platinum Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales71184234252
Operating Expenses 65162183192
Manufacturing Costs011112
Material Costs57138146154
Employee Cost 2357
Other Costs 6202019
Operating Profit 5225160
Operating Profit Margin (%) 7.6%12.1%21.8%23.8%
Other Income 0112
Interest 0222
Depreciation 0112
Exceptional Items 0000
Profit Before Tax 5214958
Tax 151315
Profit After Tax 4163643
PAT Margin (%) 5.4%8.4%15.5%17.2%
Adjusted EPS (₹)0.93.89.07.9
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 52058328
Share Capital 114055
Reserves 41918273
Minority Interest0000
Debt324171
Long Term Debt1111
Short Term Debt224160
Trade Payables20271323
Others Liabilities 391017
Total Liabilities 318198369

Fixed Assets

Gross Block481930
Accumulated Depreciation0134
Net Fixed Assets471627
CWIP 0038
Investments 001112
Inventories6151815
Trade Receivables17453345
Cash Equivalents 1411249
Others Assets310613
Total Assets 318198369

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 2-143939
PBT 5214958
Adjustment 0333
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 0000
Others 0-4-16-71
Cash Flow From Financing Activity 019-9215
Net Proceeds from Shares 00014
Net Proceeds from Borrowing 0110
Interest Paid 0-1-2-2
Dividend Paid 0000
Others -120-8202
Net Cash Flow -1-12168
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)78.45124.2892.6822.46
ROCE (%)66.0285.6585.3729.71
Asset Turnover Ratio2.313.312.621.08
PAT to CFO Conversion(x)0.5-0.881.080.91
Working Capital Days
Receivable Days86616157
Inventory Days31212624
Payable Days127625043

Platinum Industries Ltd Stock News

Platinum Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Platinum Industries on 09-Dec-2024 16:59 is ₹462.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2024 16:59 the market cap of Platinum Industries stood at ₹2,592.7.
The latest P/E ratio of Platinum Industries as of 09-Dec-2024 16:59 is 49.88.
The latest P/B ratio of Platinum Industries as of 09-Dec-2024 16:59 is 7.21.
The 52-week high of Platinum Industries is ₹486.2 and the 52-week low is ₹167.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Platinum Industries is ₹296.1 ( Cr.) .

About Platinum Industries Ltd

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

  • 2016: Incorporated as LLP and started the production of lead and non-lead based PVC Stabilizers.
  • 2018: Started production of CPVC additives and lubricants.
  • 2019: Set up of Research & Development center at Palghar, Maharashtra.
  • 2020: Converted from LLP to Private Limited Company.
  • 2020: Started production of Hybrid (Low Lead) PVC stabilizers.
  • 2020: Established subsidiary, Platinum Global Additives Private Limited.
  • 2021: Started production of organic based stabilizers.
  • 2022: Crossed consolidated turnover of Rs 1500.00 million.
  • 2022: Established subsidiaries, Platinum Oleo Chemicals Private Limited and Platinum Stabilizers Egypt LLC.
  • 2022: Acquired land in Egypt for setting up for the Proposed Facility 2 (Egypt).
  • 2022: Started manufacturing of Polyethylene waxes (PE waxes).
  • 2023: Crossed consolidated turnover of Rs 2300.00 million.


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