Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 61 | 61 | 80 | 103 | 100 | 93 | 97 | 115 | 98 | 105 | 132 | 109 |
| Expenses | 45 | 48 | 65 | 82 | 85 | 79 | 89 | 100 | 85 | 89 | 117 | 96 |
| Operating Profit | 16 | 14 | 15 | 20 | 15 | 14 | 8 | 15 | 14 | 16 | 15 | 13 |
| OPM % | 27% | 22% | 19% | 20% | 15% | 15% | 8% | 13% | 14% | 15% | 12% | 12% |
| Other Income | 1 | 1 | 1 | 5 | 6 | 4 | 3 | 5 | 4 | 3 | 3 | 4 |
| Interest | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 15 | 13 | 15 | 24 | 19 | 16 | 8 | 18 | 15 | 17 | 16 | 15 |
| Tax % | 25% | 24% | 29% | 26% | 25% | 27% | 33% | 27% | 26% | 27% | 10% | 26% |
| Net Profit | 11 | 10 | 11 | 18 | 15 | 12 | 6 | 13 | 11 | 12 | 15 | 11 |
| EPS in Rs | 2.87 | 2.50 | 1.93 | 3.19 | 2.60 | 2.12 | 1.03 | 2.32 | 2.11 | 2.29 | 2.75 | 2.03 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 89 | 188 | 231 | 264 | 392 | 450 | 444 |
| Expenses | 82 | 163 | 178 | 203 | 334 | 391 | 386 |
| Operating Profit | 8 | 25 | 54 | 61 | 58 | 60 | 58 |
| OPM % | 9% | 14% | 23% | 23% | 15% | 13% | 13% |
| Other Income | 0 | 1 | 1 | 2 | 17 | 15 | 14 |
| Interest | 0 | 2 | 2 | 2 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 2 | 3 | 4 | 6 | 6 |
| Profit before tax | 7 | 24 | 51 | 58 | 68 | 66 | 63 |
| Tax % | 28% | 26% | 26% | 26% | 26% | 22% | |
| Net Profit | 5 | 18 | 38 | 44 | 50 | 51 | 49 |
| EPS in Rs | 45.79 | 168.63 | 9.42 | 7.96 | 9.07 | 9.46 | 9.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 38% | 25% | 10% | ||
| Compounded Profit Growth | % | 61% | 11% | 15% | ||
| Stock Price CAGR | % | % | % | -31% | ||
| Return on Equity | % | 20% | 15% | 13% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 40 | 55 | 55 | 55 |
| Reserves | 3 | 21 | 22 | 276 | 329 | 388 |
| Borrowings | 5 | 26 | 22 | 11 | 18 | 10 |
| Other Liabilities | 23 | 36 | 37 | 53 | 66 | 96 |
| Total Liabilities | 32 | 84 | 121 | 395 | 468 | 549 |
| Fixed Assets | 6 | 7 | 34 | 40 | 81 | 109 |
| CWIP | 0 | 0 | 3 | 8 | 44 | 45 |
| Investments | 0 | 0 | 0 | 0 | 21 | 48 |
| Other Assets | 27 | 78 | 84 | 347 | 322 | 347 |
| Total Assets | 32 | 84 | 121 | 395 | 468 | 549 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | -15 | 38 | 33 | -8 | -1 |
| Cash from Investing Activity | -1 | -5 | -37 | -79 | -156 | 57 |
| Cash from Financing Activity | -1 | 19 | 0 | 220 | 1 | -10 |
| Net Cash Flow | 1 | -1 | 2 | 174 | -163 | 46 |
| Free Cash Flow | 2 | -16 | 10 | 17 | -63 | -35 |
| CFO/OP | 64% | -48% | 97% | 81% | 16% | 22% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 68 | 94 | 49 | 69 | 74 | 101 |
| Inventory Days | 31 | 41 | 71 | 48 | 63 | 78 |
| Days Payable | 100 | 73 | 36 | 58 | 57 | 83 |
| Cash Conversion Cycle | -1 | 62 | 84 | 59 | 81 | 95 |
| Working Capital Days | -1 | 25 | 36 | 47 | 80 | 149 |
| ROCE % | 88% | 75% | 27% | 19% | 16% |
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 71.00% | 71.00% | 71.00% | 71.00% | 71.00% | 71.00% | 71.00% | 70.03% | 70.03% | 70.03% |
| FIIs | 5.09% | 3.81% | 0.72% | 1.49% | 0.82% | 0.59% | 0.59% | 0.62% | 0.59% | 0.35% |
| DIIs | 2.69% | 2.68% | 3.04% | 2.68% | 2.68% | 2.79% | 2.95% | 2.95% | 3.60% | 3.68% |
| Public | 21.24% | 22.53% | 25.25% | 24.86% | 25.52% | 25.63% | 25.48% | 26.41% | 25.79% | 25.96% |
| No. of Shareholders | 47,278 | 40,038 | 40,232 | 42,039 | 42,427 | 43,351 | 43,717 | 43,674 | 42,792 | 41,218 |
Fundamentals
Market Cap₹ 1,123 Cr.
Current Price₹ 206
Stock P/E22.1
Book Value₹ 80.7
ROCE15.7 %
ROE12.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)15%
Consolidated figures.
Valuation
Market capRs 1,103 Cr
Enterprise valueRs 1,125 Cr
P/E (TTM)21.90x
Price to book49.40x
Price to sales2.48x
EV / EBITDA15.60x
EV / EBIT17.13x
EV / sales2.53x
Earnings yield4.57%
Profitability
Operating margin (excl. other income)13.50%
Operating margin (incl. other income)14.05%
EBITDA margin16.25%
Pre-tax margin14.19%
Net profit margin11.35%
Net margin, latest quarter10.23%
ROE132.46%
ROCE87.80%
ROA30.41%
ROIC (approx.)109.49%
Tax rate25.92%
Other income / net worth4.61%
Growth
Sales growth (latest year)110.78%
Profit growth (latest year)268.26%
Sales growth QoQ-17.48%
Profit growth QoQ-26.13%
Sales growth YoY (latest quarter)-5.58%
Profit growth YoY (latest quarter)-12.42%
Per share
EPS (TTM)Rs 9.23
EPS (latest year)Rs 168.62
EPS (latest quarter)Rs 2.04
Book value per shareRs 4.09
Sales per shareRs 81.31
Cash flow per shareRs -2.73
Free cash flow per shareRs -6.41
Efficiency
Asset turnover2.23x
Fixed asset turnover28.25x
Inventory turnover9.07x
Inventory days40 days
Debtor days94 days
Debtors turnover3.87x
Creditor days83 days
Cash conversion cycle95 days
Working capital days149 days
Leverage
Total debtRs 26 Cr
Cash and bankRs 4 Cr
Net debtRs 22 Cr
Debt to equity1.18x
Net debt / EBITDA0.31x
Interest coverage24.69x
Current ratio (filing 2026-03-31)4.17x
Quick ratio (filing 2026-03-31)3.40x
Trade payables (filing 2026-03-31)Rs 72 Cr
Owners' fund to total sources26.43%
Debt to assets31.16%
Cash flow
Cash from Operating Activity (latest year)Rs -15 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 19 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs -14 Cr
Cash from ops / profit, 5 years0.23x
Statement figures
Net sales (TTM)Rs 444 Cr
Net sales (latest year)Rs 188 Cr
Sales (latest quarter)Rs 109 Cr
Operating profit excl. other income (latest year)Rs 25 Cr
Operating profit (latest quarter)Rs 13 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 72 Cr
PBDT (TTM)Rs 69 Cr
Profit before tax (TTM)Rs 63 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 50 Cr
Net profit (latest year)Rs 18 Cr
Net profit (latest quarter)Rs 11 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 140 Cr
Total expenditure (latest year)Rs 163 Cr
Total income (latest year)Rs 189 Cr
Share capitalRs 1 Cr
ReservesRs 21 Cr
Shareholders' fundsRs 22 Cr
Total assetsRs 84 Cr
Net blockRs 7 Cr
ReceivablesRs 49 Cr
InventoryRs 15 Cr
Other liabilitiesRs 36 Cr
Shares outstanding (crore)5.46
Ownership
Promoter holding70.03% (-0.97 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | PLATIND | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.3% | -2.8% | -2.5 pts |
| 1 month | -11.3% | -6.8% | -4.5 pts |
| 3 months | -10.6% | -7.6% | -2.9 pts |
| 6 months | +9.0% | +0.4% | +8.6 pts |
| 1 year | -36.2% | -9.9% | -26.3 pts |
| 2 years | -48.3% | -13.6% | -34.8 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -51% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 39% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 192% vs sales +111% in 2026 |
| look | Auditor change Auditor change 2026-08-10: Platinum Industries Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | Regulator order or action Regulator order or action 2025-10-28: Platinum Industries Limited has informed the Exchange about Action(s) taken or orders passed by RBI |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹109 Cr -5.2% vs Jun 2025.
Net profit ₹11 Cr -15.4%.
Against our estimate for Jun 2026: sales -23.9%, profit -32.2% miss. Our estimate for Sep 2026: sales Rs 113 Cr, profit Rs 13 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Pidilite Industries Ltd | 148,809 | 56.2 | 31.0 % |
| Gujarat Fluorochemicals Ltd | 48,402 | 78.4 | 9.64 % |
| Navin Fluorine International Ltd | 42,255 | 53.1 | 21.0 % |
| Aether Industries Ltd | 23,226 | 96.8 | 11.9 % |
| Deepak Nitrite Ltd | 20,854 | 26.3 | 11.4 % |
| Atul Ltd | 17,614 | 22.1 | 14.9 % |
| Aarti Industries Ltd | 17,045 | 32.6 | 6.86 % |
| Fine Organic Industries Ltd | 15,759 | 36.0 | 21.5 % |
| BASF India Ltd | 14,871 | 24.0 | 14.5 % |
| Privi Speciality Chemicals Ltd | 14,084 | 40.3 | 22.3 % |
| Anupam Rasayan India Ltd | 13,409 | 76.8 | 7.38 % |
| Vinati Organics Ltd | 12,173 | 24.4 | 21.4 % |
| Elantas Beck India Ltd | 10,820 | 60.9 | 21.2 % |
| Jubilant Ingrevia Ltd | 10,180 | 32.0 | 11.4 % |
| Alkyl Amines Chemicals Ltd | 9,111 | 40.5 | 16.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-20 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Platinum Industries Ltd?
Platinum Industries Ltd (PLATIND) has a market capitalisation of Rs 1,123 Cr. at the 2026-10-01 close.
What is the P/E ratio of Platinum Industries Ltd?
Platinum Industries Ltd trades at a P/E of 22.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Platinum Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Platinum Industries Ltd sales was Rs 109 Cr (-5.2% vs Jun 2025) and net profit was Rs 11 Cr.
What is the 52-week high and low of Platinum Industries Ltd?
The 52-week high is Rs 306.30 and the 52-week low is Rs 183.50.