PLATIND

Platinum Industries share price & financials

Price
₹228.3
Market cap
₹1.2k Cr
Sector
Chemicals
Calls analysed
3
Latest concall · Q1 FY27 · call held 11 Aug 2026

Platinum Industries Limited Q1 FY27

Consolidated Revenue from Operations ₹108.9 cr −6%Consolidated EBITDA ₹13.44 cr −11%Consolidated EBITDA Margin 12.34% Consolidated PAT ₹11.13 cr −15%

What went well

  • Expanded Palghar facility commenced commercial production from May 21, 2026, adding ~60,000 tonnes per annum capacity.
  • Egypt facility progressing towards commercial production by December 31, 2026, with a planned capacity of 60,000 tonnes per annum.
  • Maintaining revenue growth guidance of 30-40% for FY27, with a 3-year CAGR target of 35%.

What to watch

  • Consolidated revenue from operations declined to INR 108.9 crores in Q1 FY27 from INR 115.4 crores in Q1 FY26.
  • Consolidated EBITDA decreased to INR 13.44 crores (Q1 FY27) from INR 15.16 crores (Q1 FY26), with EBITDA margin contracting to 12.34% from 13.14%.
Read the full call →

What Platinum Industries Limited does

Platinum Industries manufactures specialty chemicals used as processing aids in plastics: PVC and CPVC additives/stabilizers (lead-based, hybrid low-lead and lead-free calcium-zinc/calcium-organic), metal soaps (calcium, zinc and magnesium stearates), lubricants (PE wax, OPE wax, Lubpack) and oleochemical and pharmaceutical products. These additives are sold to manufacturers of PVC/CPVC pipes, fittings, profiles, electrical wires, SPC floor tiles, roofing and packaging across construction, automotive, agriculture and healthcare end-markets. It earns by selling formulated additive packs and compounds from its own manufacturing facilities to pipe and compound makers in India and abroad, and holds a patented stabilizer composition with 20 years of exclusive rights.

Market position
3rd-largest player in India's PVC additives market (~13% share, CRISIL 2023)
Export footprint
30+ countries
Manufacturing plants (India)
2 units at Palghar, Maharashtra (Unit 1 operational; Unit 2 CPVC line commenced Aug 2026)
New facility under construction
Egypt greenfield plant, 60,000 TPA capacity, targeted commercial production before Dec 2026
Product range
13+ formulated products across PVC/CPVC additives, metal soaps and lubricants
Patent
20-year exclusive patent on stabilizer composition for thermostable chlorinated vinyl chloride resin
Founded 2016Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 1 delivered 0 missed 16 open
  • PAT Margin delivered said Q3 FY26 Promised: 11% to 12% is going to be our PAT margins for the entire portfolio Q1 FY27: No new update. The promise was for FY26 and was achieved. Management has issued new guidance for the 'coming months'.
  • Revenue Growth revised down said Q3 FY26 Promised: Targeting more than 40% revenue growth in financial year 2027 Q1 FY27: Guidance revised down to 30-40% for FY27 from the previous '>40%', citing a demand slowdown due to geopolitical issues.
  • Revenue CAGR on track said Q3 FY26 Promised: 35% CAGR from financial year 2026 to financial year 2029 Q1 FY27: Reiterated guidance for 35% CAGR over three years.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 5.2%, net profit down 15.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue100 93 97 115 98 −2%105 +13%132 +36%109 −5%
EBITDA15 14 8 15 14 −7%16 +14%15 +88%13 −13%
Net profit15 12 6 13 11 −27%12 +0%15 +150%11 −15%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −20.0% 1Y

₹200₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 13 Feb 2026Q4 FY26 — 13 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹276.25 on 10 Sept 2025 → ₹221.05. High ₹325.1 (23 Sept 2025), low ₹185.26 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−5.6%
11 Aug
Q4 FY26
−5.2%
13 May
Q3 FY26
+4.5%
13 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 30.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 13.3%.

Year endingFY24FY25FY26
Revenue₹264 Cr₹393 Cr₹450 Cr
Operating profit₹61 Cr₹57 Cr₹60 Cr
Operating margin23.1%14.5%13.3%
Interest₹3 Cr₹3 Cr₹4 Cr
Depreciation₹4 Cr₹4 Cr₹6 Cr
Net profit₹43 Cr₹51 Cr₹51 Cr
Net margin16.3%13.0%11.3%
Cash from operations₹33 Cr₹-8 Cr₹-1 Cr
Free cash flow₹17 Cr₹-63 Cr₹-35 Cr
ROCE27.0%19.0%16.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹40 Cr₹55 Cr₹55 Cr₹55 Cr
Reserves₹3 Cr₹21 Cr₹22 Cr₹276 Cr₹354 Cr₹388 Cr
Borrowings₹5 Cr₹26 Cr₹22 Cr₹11 Cr₹27 Cr₹10 Cr
Other liabilities₹23 Cr₹36 Cr₹37 Cr₹53 Cr₹79 Cr₹96 Cr
Total liabilities₹32 Cr₹84 Cr₹121 Cr₹395 Cr₹515 Cr₹549 Cr
Fixed assets₹6 Cr₹7 Cr₹34 Cr₹40 Cr₹104 Cr₹109 Cr
Capital work in progress₹0 Cr₹0 Cr₹3 Cr₹8 Cr₹34 Cr₹45 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹29 Cr₹48 Cr
Other assets₹27 Cr₹78 Cr₹84 Cr₹347 Cr₹349 Cr₹347 Cr
Total assets₹32 Cr₹84 Cr₹121 Cr₹395 Cr₹515 Cr₹549 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −0.97 pp while DIIs added +0.89 pp. The shareholder count shrank 5% to 41,218.

Promoters
70.0%
FIIs
0.3%
DIIs
3.7%
Public
26.0%

Since Jun 2025

  • Promoters −0.97 pp
  • DIIs +0.89 pp
  • Public +0.33 pp

How it drifted, 10 quarters

Over this window FIIs fell from 5.1% to 0.3% — −4.7 pp.

Mar '24Mar '25Jun '26

Ownership split by quarter, oldest first. Mar '24: Promoters 71.0%, FIIs 5.1%, DIIs 2.7%, Public 21.2%.Jun '24: Promoters 71.0%, FIIs 3.8%, DIIs 2.7%, Public 22.5%.Sep '24: Promoters 71.0%, FIIs 0.7%, DIIs 3.0%, Public 25.3%.Dec '24: Promoters 71.0%, FIIs 1.5%, DIIs 2.7%, Public 24.9%.Mar '25: Promoters 71.0%, FIIs 0.8%, DIIs 2.7%, Public 25.5%.Jun '25: Promoters 71.0%, FIIs 0.6%, DIIs 2.8%, Public 25.6%.Sep '25: Promoters 71.0%, FIIs 0.6%, DIIs 3.0%, Public 25.5%.Dec '25: Promoters 70.0%, FIIs 0.6%, DIIs 3.0%, Public 26.4%.Mar '26: Promoters 70.0%, FIIs 0.6%, DIIs 3.6%, Public 25.8%.Jun '26: Promoters 70.0%, FIIs 0.3%, DIIs 3.7%, Public 26.0%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Platinum Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Krishna Dushyant Rana 45.55%unchanged
Parul Krishna Rana 24.47%unchanged
Baring Private Equity India AIF 2 AIF2.68%unchanged
Horst Michael Schiller 2.19%unchanged
Ajay Kumar Aggarwal - 2 1.11%unchanged
Baring Private Equity India Fund 6 VC / PE1.01%newly disclosed
Geeta Dushyant Rana 0.01%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Expensive

To justify its price of ₹221, this stock must grow earnings at 19% every year for 7 years. Our analysis caps realistic growth at ~9%. At that growth it is worth ₹129 — downside of 41%.

Growth the price implies
19.1% a year
for 7 years, fading to 4%
It has actually compounded at
8.9% a year
net profit, FY24–FY26
The gap
0.1 pp
-41% downside if it only repeats history
Price today ₹221.05 Value at the reference growth ₹129.46

Change the assumptions yourself →

All earnings calls (3)

Read the Q1 FY27 call →

Learn to analyse Platinum Industries Limited

Guides on how to read this kind of business and the numbers that matter.