PLATIND

Platinum Industries Limited

Specialty and commodity chemicals manufacturer

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

platinumindustriesltd.com

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Key metrics

Price as of 2026-10-16

Stock price

₹204.32

Market cap

1,120 Cr

Stock P/E

22.2

P/B

2.42

ROE (FY26)

11.4%

ROCE (FY26)

15.0%

Operating margin (FY26)

12.0%

Debt / equity (FY26)

0.0077

OCF / EBITDA (FY26)

-2.3%

OCF / EBITDA (3Y)

13.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

PLATIND (Platinum Industries) makes PVC and CPVC stabilizers, the additives that go into plastic pipes and fittings, and is building a presence in oleo chemicals and speciality chemicals.

Company snapshot

42ndBy market cap

Ranked among 68 companies in Specialty Chemicals.

What we see

Positives

✓Debt-to-equity of 0.01x — the company is largely funded by its own money, not borrowed funds.

Concerns

✗Only 13% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	61 Cr	80 Cr	103 Cr	100 Cr	93 Cr	97 Cr	115 Cr	98 Cr	105 Cr	132 Cr	109 Cr
Operating expenses (approx.)	48 Cr	65 Cr	82 Cr	85 Cr	79 Cr	88 Cr	100 Cr	85 Cr	89 Cr	117 Cr	95 Cr
EBITDA	14 Cr	15 Cr	20 Cr	15 Cr	14 Cr	8 Cr	15 Cr	14 Cr	16 Cr	15 Cr	13 Cr
OPM %	22.2%	18.8%	19.9%	15.1%	15.0%	8.5%	13.1%	13.8%	15.1%	11.6%	12.3%
Other income	0.82 Cr	0.86 Cr	5 Cr	6 Cr	4 Cr	3 Cr	5 Cr	4 Cr	3 Cr	3 Cr	4 Cr
Interest	0.57 Cr	0.19 Cr	0.42 Cr	0.77 Cr	0.60 Cr	1 Cr	0.72 Cr	0.97 Cr	0.62 Cr	0.58 Cr	0.49 Cr
Depreciation	0.71 Cr	0.77 Cr	0.85 Cr	0.58 Cr	1 Cr	1 Cr	1 Cr	1 Cr	2 Cr	2 Cr	2 Cr
Profit before tax	13 Cr	15 Cr	24 Cr	19 Cr	16 Cr	9 Cr	18 Cr	15 Cr	17 Cr	16 Cr	15 Cr
Tax %	24.3%	28.6%	25.8%	25.1%	26.9%	29.3%	26.6%	25.7%	26.6%	10.0%	25.6%
Net profit	10 Cr	11 Cr	18 Cr	15 Cr	12 Cr	6 Cr	13 Cr	11 Cr	12 Cr	15 Cr	11 Cr
EPS (₹)	₹2.50	₹2.36	₹3.19	₹2.60	₹2.10	₹1.16	₹2.32	₹2.11	₹2.29	₹2.75	₹2.03

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	89 Cr	188 Cr	231 Cr	264 Cr	392 Cr	450 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	82 Cr	163 Cr	178 Cr	203 Cr	335 Cr	391 Cr	Sign in free for the trailing twelve months
EBITDA	8 Cr	25 Cr	54 Cr	61 Cr	58 Cr	60 Cr	Sign in free for the trailing twelve months
OPM %	8.5%	13.5%	23.3%	23.1%	14.7%	13.3%	Sign in free for the trailing twelve months
Other income	0.26 Cr	1 Cr	1 Cr	3 Cr	17 Cr	15 Cr	Sign in free for the trailing twelve months
Interest	0.39 Cr	2 Cr	2 Cr	2 Cr	3 Cr	3 Cr	Sign in free for the trailing twelve months
Depreciation	0.74 Cr	0.89 Cr	2 Cr	3 Cr	4 Cr	6 Cr	Sign in free for the trailing twelve months
Profit before tax	7 Cr	24 Cr	51 Cr	58 Cr	68 Cr	66 Cr	Sign in free for the trailing twelve months
Tax %	28.1%	25.9%	26.2%	25.5%	26.3%	22.2%	Sign in free for the trailing twelve months
Net profit	5 Cr	18 Cr	38 Cr	44 Cr	50 Cr	51 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹1.24	₹4.41	₹9.42	₹10.55	₹9.07	₹9.46	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	0.0%	0.0%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1 Cr	1 Cr	40 Cr	55 Cr	55 Cr	55 Cr
Reserves	3 Cr	21 Cr	22 Cr	276 Cr	329 Cr	388 Cr
Borrowings	3 Cr	24 Cr	17 Cr	7 Cr	9 Cr	3 Cr
Other liabilities	25 Cr	38 Cr	32 Cr	47 Cr	62 Cr	91 Cr
Total liabilities	32 Cr	84 Cr	121 Cr	395 Cr	468 Cr	549 Cr
Fixed assets (net)	4 Cr	4 Cr	29 Cr	36 Cr	52 Cr	83 Cr
CWIP	0.02 Cr	—	3 Cr	8 Cr	44 Cr	45 Cr
Investments	—	—	—	0 Cr	42 Cr	68 Cr
Inventories	6 Cr	15 Cr	27 Cr	21 Cr	48 Cr	67 Cr
Trade receivables	17 Cr	49 Cr	31 Cr	50 Cr	79 Cr	124 Cr
Cash & bank	0.95 Cr	0.10 Cr	2 Cr	176 Cr	13 Cr	63 Cr
Other assets	5 Cr	16 Cr	28 Cr	105 Cr	191 Cr	99 Cr
Total assets	32 Cr	84 Cr	121 Cr	395 Cr	468 Cr	549 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	3 Cr	-15 Cr	38 Cr	33 Cr	-8 Cr	-1 Cr
Cash from investing	-1 Cr	-5 Cr	-37 Cr	-81 Cr	-159 Cr	57 Cr
Cash from financing	-1 Cr	19 Cr	0.47 Cr	220 Cr	0.72 Cr	-10 Cr
Net cash flow	0.80 Cr	-0.85 Cr	2 Cr	174 Cr	-163 Cr	51 Cr
Free cash flow (OCF − Capex)	2 Cr	-16 Cr	10 Cr	16 Cr	-64 Cr	-39 Cr

Ratios

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	91.6%	54.8%	59.7%	17.5%	17.4%	15.0%
ROE %	107.7%	79.4%	53.0%	12.8%	12.6%	11.4%
Debtor days	68	94	49	69	74	101
Inventory days	37	65	77	52	69	85
Days payable	120	114	39	62	62	91
Cash conversion cycle	-15	44	86	59	81	95
OCF / EBITDA %	43.3%	-58.7%	71.2%	53.6%	-13.8%	-2.3%
OCF / EBITDA % (3 years)	—	—	30.8%	40.1%	36.5%	13.1%
Debt / equity	0.73	1.09	0.28	0.02	0.02	0.0077
Current ratio	1.04	1.29	1.87	6.77	5.22	4.17
Net debt / EBITDA	0.31	0.95	0.28	-2.75	-0.06	-0.99