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Swing Capital

Platinum Industries Ltd

NSE: PLATIND BSE: 544134

Incorporated in August 2016, Platinum Industries specializes in manufacturing PVC stabilizers, CPVC additives, and lubricants.[1]

₹225
52W: ₹184 — ₹342
PE 23.1 · Book ₹79 · +185% vs book
Market Cap₹1,236 Cr
Stock P/E23.1Price to Earnings
ROCE17.1%Return on Capital
ROE13.2%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company is expected to give good quarter

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Debtor days have increased from 82.5 to 101 days.
  • −Working capital days have increased from 89.4 days to 139 days

Shareholding Pattern

Promoters70.03%
FIIs0.59%
DIIs3.6%
Public25.79%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters71%71%71%71%71%71%70.03%▼1.070.03%
FIIs3.81%0.72%▼3.11.49%▲0.80.82%▼0.70.59%▼0.20.59%0.62%▲0.00.59%▼0.0
DIIs2.68%3.04%▲0.42.68%▼0.42.68%2.79%▲0.12.95%▲0.22.95%3.6%▲0.6
Public22.53%25.25%▲2.724.86%▼0.425.52%▲0.725.63%▲0.125.48%▼0.126.41%▲0.925.79%▼0.6

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales59738678788210397103132
Expenses455967646574898386116
Operating Profit1315191413814141616
OPM %23%20%22%18%17%10%13%15%16%12%
Net Profit1011171411613121316
EPS ₹2.441.923.112.641.991.152.282.212.352.9

AI Insights

Revenue Trend

Mar 2026 revenue at ₹434Cr, up 33.5% YoY. OPM at 14%.

Debt Position

Borrowings at ₹3Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹38Cr (43% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 3.6% (+0.91pp change). FIIs: 0.59% (-4.50pp change). Promoters hold 70.03%.

Margin & Efficiency

ROCE improving from 0% (Mar 2021) to 17% (Mar 2026). Working capital days: 139.

Valuation

PE 23.1x with 17.1% ROCE. Price is 185% above book value of ₹79. Dividend yield: 0%.

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