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Unlisted Shares
Platinum Industries Essentials
As of September 08, 2024, Platinum Industries, Listed share price is ₹415.00 per share.
An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The numbers are allocated by a country's respective national numbering agency (NNA).
Value of a security, as stated by its issuer. It has no relation with market price of the stock.
Total shares or total number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
It is a valuation parameter that measures the company's current share price relative to its per-share earnings. Generally, high P/E is Overvalued & low P/E is Undervalued.
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding shares.
It measures companys total value, which includes market capitalization, debt and excludes cash.
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Platinum Industries Growth
Compounded Sales Growth
Highlights
Strength
- Varied product portfolio catering to diversified industries: The company has varied products for the PVC industry in the market and multiple product categories such as low lead-based stabilizers, calcium zinc-based stabilizers, and organic-based stabilizers. Within each product category, multiple grades are depending on application and customer requirements.
- R & D and Sustainability: The company has an in-house R&D facility admeasuring about 3,351.82 sq. ft. with modern equipment and instrumentation including an XRF machine, lab extruder, lab mixer, Rheometer, outdoor weathering station, static stability oven, hydraulic press and two-roll mill, that is focused on developing innovative products to suit the customer needs and market demands.
- High entry barriers in the speciality chemical industry: Barriers to entry in the speciality chemical industry are typically high. The specialised nature of products
leads to significant differentiation. R&D requirements, technical know-how, capital intensity service
capabilities, customer relationships, and engineered or regulated specifications also create important
barriers to entry. Although these barriers are not homogeneous across the industry, most speciality
chemical companies enjoy the benefits of one or more of them
- Increase in market share: According to the CRISIL Report, the company is the 3rd largest player in PVC stabilizers in terms of sales with
an 8.00% market share for the FY22 in the domestic market.
- Production Capacity: Platinum Industries have 36,000 tons of annual capacity including PVC stabilizers, CPVC additives and lubricants.
Financial Performance
- Operational Revenue Growth: Over the last 3 years, the revenue has grown by 61% CAGR from ₹ 89 Cr in FY21 to 232 Cr. in FY23.
- Operational EBITDA Growth: Over the last 3 years, the EBITDA has grown by 166.9% CAGR from ₹ 8 Cr in FY21 to ₹ 54 Cr in FY23, and EBITDA margins stand at 23.3%.
- PAT Growth: Over the last 3 years, the PAT has grown by 179.4% CAGR from ₹ 5 Cr in FY21 to ₹ 38 Cr in FY23, and PAT margins stand at 16.2%.
- ROE & ROCE: ROE stands at 90% and ROCE stands at 57% in FY23.
- Current Ratio: The company's current ratio stands at 1.9.
- Debt-to-Equity: The company's debt-to-equity ratio stands at 0.3.
- Interest Coverage Ratio: The company's interest coverage ratio stands at 24.5.
Business Rating
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