Platinum Industries Ltd. is a premier multi-product company in the specialty chemicals sector, specializing in PVC and CPVC additives, metal soaps, and lubricants. Incorporated in August 2016, the company has rapidly established itself as a significant player in the Indian specialty chemicals market, particularly in the PVC stabilizers segment. It is the third largest Indian manufacturer of PVC stabilizers in terms of sales, holding a 13.0% market share in FY23.
The company operates an ISO 9001:2015 certified manufacturing facility in Palghar, Maharashtra. This strategic location, near JNPT Port, facilitates efficient import and export operations, enabling Platinum Industries to supply its products to over 30 countries globally.
Platinum Industries is a multi-product company whose extensive portfolio includes stabilizers such as PVC stabilizers, CPVC additives, and lubricants. Their products cater to diverse applications within the specialty chemicals industry, including PVC pipes, fittings, electrical wires, SPC floor tiles, roofing, and packaging materials.
The company's product range comprises:
- Lead stabilizers
- Hybrid™ low lead stabilizers
- Highstab™ Ca-Zn/Ca-Org stabilizers
- CPVC compounds
- CPVC Add Packs
- Metal Soaps
- Various lubricants
In addition to manufacturing, Platinum Industries maintains a comprehensive distribution network with 12 points spread across India to serve its diverse customer base. The company also undertakes trading activities for associated commodity chemicals like titanium dioxide and PVC/CPVC resin.
Platinum Industries has demonstrated a systematic expansion of its manufacturing capabilities and product offerings:
- 2016: Commenced production of lead and non-lead based PVC Stabilizers.
- 2018: Started production of CPVC additives and lubricants.
- 2019: Established a dedicated Manufacturing Facility at Palghar, Maharashtra.
- 2020: Initiated production of Hybrid (Low Lead) PVC stabilizers.
- 2021: Commenced production of organic-based stabilizers.
- 2022: Began manufacturing operations of Polyethylene waxes (PE waxes).
- 2024: Successfully launched its initial public offering (IPO), issuing 13,761,225 Equity Shares with a face value of Rs 10, raising funds aggregating to Rs 235.3 Crore in February 2024.
Platinum Industries has demonstrated strong financial performance with significant growth in revenue and profitability. As of July 11, 2025, the company's market capitalization stood at Rs. 1,471.17 Crore.
- FY2024-25 Performance:
- Net Profit: Rose 13.88% to Rs 49.80 crore (compared to Rs 43.73 crore in FY2023-24).
- Sales: Rose 48.36% to Rs 392.26 crore (compared to Rs 264.39 crore in FY2023-24).
- Q4 FY2024-25 Performance (Quarter ended March 2025):
- Net Profit: Declined 40.02% to Rs 6.37 crore (compared to Rs 10.62 crore in Q4 FY2023-24).
- Sales: Rose 20.11% to Rs 96.51 crore (compared to Rs 80.35 crore in Q4 FY2023-24).
- Q2 FY2024-25 Performance (Quarter ended September 2024):
- Net Profit: Rose 23.34% to Rs 14.27 crore (compared to Rs 11.57 crore in Q2 FY2023-24).
- Sales: Rose 63.59% to Rs 99.64 crore (compared to Rs 60.91 crore in Q2 FY2023-24).
- Last 12 Months: Platinum Industries Ltd share price moved up by 32.70% on BSE.
- 52-Week High: Rs 502.00
- 52-Week Low: Rs 169.00
- P/E (Price-to-Earnings) Ratio: 28.92
- P/B (Price-to-Book) Ratio: 4.23
Promoter holding in Platinum Industries Ltd has remained stable at 71.00 per cent as of March 2025 (consistent with June 2024 data). This stable promoter holding indicates strong management confidence in the company's future prospects and strategic direction.
Platinum Industries operates within a competitive environment, with major competitors including IG Petrochem, Paushak, Amines & Plastic, Heubach Colorants(I), Ultramar & Pigments, Jyoti Resins&Adhesiv, and Fairchem Organics. Platinum Industries appears to be financially stable compared to its immediate competitors, suggesting a lower probability of bankruptcy or financial crunch.
The company's strategic positioning as a leading manufacturer in the specialty chemicals sector, combined with its strong market presence and expanding product portfolio, makes it a significant player in India's growing chemical industry. Its focus on export markets and continuous product innovation positions it well for future growth in the global specialty chemicals market.
