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Platinum Industries Limited
(PLATIND)
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Rating:56Neutral
Price Target:
₹210.00
▼(-7.47% Downside)
Action:Reiterated
Date:10/07/26
The score is primarily held back by weak cash generation (negative free cash flow and poor cash conversion) and bearish technicals with the stock trading below major moving averages and negative momentum. These are partially offset by a conservatively financed balance sheet with very low leverage and continued profitability, while valuation appears moderate based on a ~22 P/E.
Positive Factors
Revenue Growth and Profitability
The company continues to expand revenue while remaining solidly profitable, demonstrating sustained demand for its products and an operating model capable of converting scale into earnings. Continued growth provides a foundation for reinvestment and supports business resilience over the next several quarters.
Negative Factors
Persistently Negative Free Cash Flow
Free cash flow has remained materially negative for two consecutive years, indicating that investment needs or working-capital requirements are absorbing more cash than the business generates. If sustained, this can increase dependence on liquidity or external funding and constrain future capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Profitability
The company continues to expand revenue while remaining solidly profitable, demonstrating sustained demand for its products and an operating model capable of converting scale into earnings. Continued growth provides a foundation for reinvestment and supports business resilience over the next several quarters.
Read all positive factors
Platinum Industries Limited (PLATIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.22B
Dividend YieldN/A
Average Volume (3M)3.23K
Price to Earnings (P/E)21.8
Beta (1Y)1.37
Revenue Growth9.63%
EPS Growth11.94%
CountryIN
Employees155
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)9.18
Shares Outstanding54,924,873
10 Day Avg. Volume1,955
30 Day Avg. Volume3,235
Financial Highlights & Ratios
PEG Ratio3.37
Price to Book (P/B)2.30
Price to Sales (P/S)2.26
P/FCF Ratio-31.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Platinum Industries Limited Business Overview & Revenue Model
Company Description
Platinum Industries Limited, established in 2016 and headquartered in Mumbai, India, specializes in the production and distribution of vital chemical components. The company supplies polyvinyl chloride (PVC) stabilizers, chlorinated polyvinyl chlo...
Platinum Industries Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.44B | 4.50B | 3.92B | 2.64B | 2.31B | 1.88B |
| Gross Profit | 1.01B | 1.05B | 1.18B | 1.02B | 801.38M | 436.59M |
| EBITDA | 617.78M | 598.47M | 577.56M | 594.06M | 547.48M | 260.88M |
| Net Income | 503.76M | 519.59M | 498.00M | 437.29M | 379.05M | 177.47M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.49B | 4.68B | 3.96B | 1.22B | 847.00M |
| Cash, Cash Equivalents and Short-Term Investments | 1.43B | 1.43B | 1.72B | 2.52B | 154.85M | 42.12M |
| Total Debt | 0.00 | 104.34M | 181.62M | 113.23M | 218.46M | 263.11M |
| Total Liabilities | -4.55B | 940.21M | 716.70M | 551.22M | 500.68M | 623.62M |
| Stockholders Equity | 4.55B | 4.43B | 3.84B | 3.31B | 618.79M | 223.37M |
Cash Flow | ||||||
| Free Cash Flow | -272.94M | -319.72M | -641.36M | 166.49M | 89.40M | -174.39M |
| Operating Cash Flow | -75.94M | 56.50M | -79.64M | 327.36M | 369.35M | -162.13M |
| Investing Cash Flow | 111.24M | 476.98M | -1.59B | -808.36M | -271.70M | -50.76M |
| Financing Cash Flow | 86.32M | -74.43M | 7.20M | 2.20B | -76.67M | 204.43M |
Platinum Industries Limited Technical Analysis
Negative
226.95
Price Trends
219.34
Negative
222.67
Negative
225.34
Negative
Market Momentum
-5.34
Positive
34.57
Neutral
12.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PLATIND, the sentiment is Negative. The current price of 226.95 is above the 20-day moving average (MA) of 212.87, above the 50-day MA of 219.34, and above the 200-day MA of 225.34, indicating a bearish trend. The MACD of -5.34 indicates Positive momentum. The RSI at 34.57 is Neutral, neither overbought nor oversold. The STOCH value of 12.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PLATIND.
Platinum Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹13.67B | 16.14 | ― | 0.90% | 40.77% | 54.07% | |
57 Neutral | ₹23.66B | 15.54 | ― | 0.12% | 19.47% | 11.49% | |
56 Neutral | ₹11.22B | 21.85 | ― | ― | 9.63% | 11.94% | |
56 Neutral | ₹18.13B | 22.11 | ― | 0.85% | -0.88% | 34.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹17.22B | 326.33 | ― | 0.10% | 13.55% | -77.69% | |
46 Neutral | ₹9.77B | -393.96 | ― | 0.26% | 10.11% | -109.93% |
* General Sector Average
IN:PLATIND
Platinum Industries Limited
201.00
-93.60
-31.77%
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Platinum Industries Limited Corporate Events
Platinum Industries Discloses AGM Voting Results and Scrutinizer’s Report
Sep 25, 2026
Platinum Industries Limited has reported to NSE and BSE the voting results and consolidated scrutinizer’s report for its sixth annual general meeting held on September 24, 2026. The disclosure covers outcomes for eight resolutions voted on v...
Platinum Industries Files SEBI Regulation 74(5) Compliance Certificate for June Quarter
Jul 13, 2026
Platinum Industries Limited has notified the stock exchanges that it has received a compliance certificate from its registrar and share transfer agent, Bigshare Services Pvt. Ltd., under Regulation 74(5) of the SEBI (Depositories and Participants)...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.