Platinum Industries Limited (PLATIND)

About

Platinum Industries is a mid-sized specialty chemical manufacturer within the materials sector with a market cap of ₹1,182.66 Cr and quarterly revenues of ₹96–₹132 Cr. The company has demonstrated consistent profitability but faces recent headwinds: revenue has fallen 17% from its Mar 2026 peak, and operating margins have compressed from 15.84% to 12.35%.

Face value: ₹10

Market cap

₹1,109 Cr

P/E

22.5×

P/B

2.5×

Dividend yield

0%

ROE

12.6%

ROCE

16%

Debt / equity

0.01

OPM

13.3%

EPS (TTM)

₹9.0

Book value

₹80.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue volatility and recent decline: turnover fell 17% from ₹131.99 Cr (Mar 2026) to ₹110.38 Cr (Jun 2026); verify whether this reflects cyclical demand softness or structural market share loss
Margin compression: operating profit margin contracted from 15.84% (Dec 2025) to 12.35% (Jun 2026); determine the cause (raw material costs, pricing pressure, operational inefficiency)
Commodity input exposure: as a specialty chemical manufacturer, margins are sensitive to feedstock costs; verify the company's hedging practices and current input cost trends
Stock underperformance: 1y return of −22.22% signals market concerns; verify what specific operational or sectoral drivers the market is pricing in

Generated analysis · source review pending

Growth drivers

Revenue recovery from ₹110.38 Cr (Jun 2026) to prior peak of ₹131.99 Cr (Mar 2026) would drive absolute profit growth and improve capital efficiency
Operating margin recovery from 12.35% (Jun 2026) toward 15.84% (Dec 2025) would expand EPS significantly even without volume growth
Financial capacity: D/E of 0.01 leaves substantial leverage headroom for growth investments or shareholder returns if management identifies opportunities
Specialty chemicals sector recovery: verify whether the current revenue decline reflects a cyclical downturn that could reverse with industrial demand recovery

Generated analysis · source review pending

632 historical price candles were omitted because the exchange source has not been verified.

₹202.0-1.8%1Y

Quick read

rule-based

Pros

+High return on capital employed of 21.2%
+Revenue CAGR of 24.8% over the last 3 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 24.1×
+High promoter holding of 70% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 59
Growth: 34
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	231	264	392	450
COGS	139	162	275	316
Gross profit	92	102	118	134
	39	41	60	75
	54	61	58	60
OPM %	23.3%	23.1%	14.7%	13.3%
Depreciation	2	3	4	6
Interest	2	2	3	3
	1	3	17	15
Profit before tax	51	58	68	66
Tax	13	15	18	15
Tax %	26.2%	25.5%	26.3%	22.3%
	38	44	50	51
PAT margin %	16.2%	16.5%	12.8%	11.4%
EPS (₹)	9.4	10.6	9.1	9.5
EPS adjusted (₹)	9.3	8	9.1	9.5
Annual report	—	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1	40	55	55	55
Reserves	21	22	276	329	388
Minority interest	10	10	9	13	12
	0	17	7	9	3
	0	32	47	62	91
Total equity & liabilities	32	121	395	468	549
	7	34	40	60	89
CWIP	0	3	8	44	45
Investments	0	0	0	42	68
	25	84	347	322	347
Total assets	32	121	395	468	549

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	38	33	-8	-1
	-37	-81	-159	57
	0	220	1	-10
Net cash flow	2	172	-166	46
Free cash flow	12	17	-64	-39
CFO / Operating profit %	71.2%	53.6%	-13.8%	-2.3%

Compounded sales growth

7 years: —
5 years: —
3 years: 25%
1 year: 15%

Compounded profit growth

7 years: —
5 years: —
3 years: 11%
1 year: 2%

Return on equity

7 years: —
5 years: —
3 years: 12%
Last year: 11%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.9%	38.7%	30%	29.8%
EBITDA margin %	23.3%	23.1%	14.7%	13.3%
EBIT margin %	22.5%	22%	13.7%	12%
PAT margin %	16.2%	16.5%	12.8%	11.4%
Working capital
Receivable days	49	69	74	101
Inventory days	71	48	63	78
Payable days	36	58	57	83
NWC days	84	59	81	95
Leverage
Current ratio	1.87	6.77	5.22	4.17
Debt to EBITDA	0.32	0.12	0.16	0.06
Debt to equity	0.28	0.02	0.02	0.01
Interest coverage	24.5	25.6	25.3	24.1
Asset turnover	1.91	0.67	0.84	0.82
Return ratios
Return on assets %	31%	11%	10.7%	9.3%
Return on capital employed %	68.9%	28.8%	18.8%	16%
Return on equity %	60.7%	13.1%	13.1%	11.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71%	71%	71%	71%	71%	71%	71%	71%	70.03%	70.03%	70.03%
	6.17%	5.08%	3.8%	0.72%	1.48%	0.82%	0.59%	0.59%	0.62%	0.59%	0.35%
	5.25%	2.69%	2.68%	3.04%	2.68%	2.68%	2.79%	2.95%	2.95%	3.6%	3.68%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	17.58%	21.23%	22.52%	25.24%	24.84%	25.5%	25.62%	25.46%	26.4%	25.78%	25.94%
No. of shareholders	—	—	—	—	—	—	—	43,717	43,674	42,792	41,218

Promoter holding down 0.97 percentage points since Dec 2023.

50 deals · 7 Mar 2024 – 17 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,56,036	₹329.79	₹15.04 Cr
17 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,56,036	₹329.23	₹15.01 Cr
17 Sept 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	3,03,222	₹330.51	₹10.02 Cr
17 Sept 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	3,03,222	₹330.72	₹10.03 Cr
22 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,81,147	₹419.16	₹11.78 Cr
22 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,81,147	₹419.02	₹11.78 Cr
21 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,55,841	₹397.01	₹14.13 Cr
21 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,55,841	₹397.11	₹14.13 Cr
13 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,45,642	₹366.72	₹12.68 Cr
13 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,45,642	₹366.94	₹12.68 Cr

1–10 of 50

1 / 5

Mr. Krishna Dushyant RanaExecutive Director-Chairperson-MD
Mrs. Parul Krishna RanaExecutive Director
Mr. Anup SinghExecutive Director
Mr. Radhakrishnan Ramchandra IyerNon-Executive - Independent Director
Mr. Samish Dushyant DalalNon-Executive - Independent Director
Mr. Vijuy RonjanNon-Executive - Independent Director
Mr. Robin BanerjeeNon-Executive - Independent Director
Mr. Ashok BothraChief Financial Officer
Bhagyashree Amit MallawatCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Platinum Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

2

Investor Presentation and earnings call

3

Aug 2026TranscriptAI SummaryPPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results10 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

29 Sept 2026, 11:30 amCompany Update

Intimation Under Reg 30 For Exclusivity Agreement By Our Subsidiary.

General PDF

3 Sept 2026, 6:03 pmCompany Update

Intimation Under Reg 30 Of SEBI (LODR) Reg 2015.

General PDF

3 Sept 2026, 2:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

2 Sept 2026, 6:39 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Sept 2026, 6:31 pmAGM/EGM

Notice Of 06Th AGM Scheduled To Be Held On 24Th September 2026

AGM PDF

27 Aug 2026, 12:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

11 Aug 2026, 5:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

11 Aug 2026, 5:46 pmCompany Update

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency Report PDF

Date	Category	Subject	Filing
29 Sept 2026, 11:30 am	Company Update General	Intimation Under Reg 30 For Exclusivity Agreement By Our Subsidiary.	PDF
3 Sept 2026, 6:03 pm	Company Update General	Intimation Under Reg 30 Of SEBI (LODR) Reg 2015.

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Platinum Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Ratio timeline

No fund holdings on record

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1