Platinum Industries Limited (PLATIND)
₹204.32 +0.51% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Platinum Industries' revenue was ₹109 Cr (-5.6% year on year, -17.5% on the previous quarter), and net profit ₹11.1 Cr (-14.9% year on year); the operating margin was 12.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹109 | -5.6% | -17.5% |
| Operating profit | ₹13.4 | -11.3% | -12.2% |
| Net profit | ₹11.1 | -14.9% | -25.0% |
| EPS (₹) | 2.03 | -12.5% | -26.2% |
| Operating margin | 12.3% | — | — |
PLATIND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 52.76% of the PLATIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 53.49%. That is close to its usual level. Turnover was only ₹51 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 64.0% · 57.5% · 47.2% · 51.8% · 52.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Platinum Industries Limited announced that its subsidiary, Rivadu Lifesciences Private Limited, has entered into an exclusive Sale/Purchase Agreement for the Indian territory with South Korea-based CAREGEN Co., Ltd. on September 28, 2026. The partnership covers CAREGEN's finished health functional food products marketed under the brand name 'Korglutide'. The agreement also outlines prospects for potentially establishing manufacturing operations in India. However, financial details such as minimum purchase commitments, deal size, and capex requirements were not disclosed.
- Exclusive Sale/Purchase Agreement executed on September 28, 2026, for the Indian territory
- Partnered with CAREGEN Co., Ltd., Korea, for 'Korglutide' health functional food products
- Terms include potential future prospects for establishing manufacturing in India
- Commercial deal value, revenue targets, and investment figures are not disclosed
Platinum Industries Limited has issued a communication under Regulation 36(1)(b) of SEBI LODR providing weblinks and QR codes to access the FY 2025-26 Annual Report and 6th AGM Notice for shareholders whose email IDs are not registered. The 6th Annual General Meeting is scheduled for Thursday, September 24, 2026, at 11:00 AM IST via video conferencing. The cut-off date for remote e-voting eligibility has been set as Thursday, September 17, 2026, with the e-voting window open from September 21 to September 23, 2026.
- 6th AGM scheduled for Thursday, September 24, 2026 at 11:00 A.M. (IST) through VC/OAVM
- Cut-off date for e-voting determined as Thursday, September 17, 2026
- Remote e-voting begins on Monday, September 21, 2026 (09:00 A.M.) and ends on Wednesday, September 23, 2026 (05:00 P.M.)
- Electronic dispatch of AGM Notice and FY26 Annual Report completed on Friday, August 28, 2026
Platinum Industries Limited has issued the notice for its 6th Annual General Meeting (AGM) scheduled on September 24, 2026. Key special resolutions include shareholder approval to extend loans/ICDs of up to Rs 25 crore each (at 9% interest per annum) to subsidiaries Platinum Oleo Chemicals and Rivadu Lifesciences. The company also disclosed the deployment of Rs 7.365 crore (Rs 73.65 million) from IPO monitoring funds for its Egypt manufacturing setup. The cut-off date for e-voting entitlement is September 17, 2026.
- AGM scheduled for September 24, 2026, via Video Conferencing with e-voting cut-off on September 17, 2026.
- Special resolution to grant loans/ICDs up to Rs 25 crore at 9% interest p.a. to subsidiary Platinum Oleo Chemicals Pvt Ltd.
- Special resolution to grant loans/ICDs up to Rs 25 crore at 9% interest p.a. to subsidiary Rivadu Lifesciences Pvt Ltd.
- Deployment of Rs 7.365 crore from IPO monitoring funds towards financing the Egypt manufacturing facility.
- Proposed reappointment of Executive Director Mr. Anup Singh with proposed remuneration of Rs 70,00,000.
Platinum Industries has disclosed the audio recording link for its earnings call held on August 11, 2026. This follows a period where the company reported TTM revenue of ₹451 Cr and a PAT of ₹51 Cr. The call likely covers the progress of the 60,000 MTPA Palghar facility expansion and the strategic shift toward non-lead-based stabilizers. Investors can use this to gauge management's response to the 69.5% increase in COGS observed in FY25 which impacted margins.
- Earnings call conducted on August 11, 2026, at 03:00 p.m. IST
- Company maintains a nearly debt-free balance sheet with a D/E ratio of 0.01
- Management is executing a 60,000 MTPA capacity expansion at the Palghar unit for FY26
- TTM Revenue stands at ₹451 Cr with an Operating Profit Margin of 13.3%
Platinum Industries reported a consolidated Q1 FY27 revenue of ₹108.94 crore, a 5.6% YoY decline, with PAT falling 14.9% to ₹11.13 crore. Despite the soft quarter, the company is targeting a 35% revenue CAGR through FY29, supported by the commissioning of its 60,000 TPA Egypt facility by December 31, 2026. The Egypt project involves a ₹68 crore capex (approx. 15% of TTM revenue) and aims for ₹300 crore revenue over three years. The domestic Palghar facility (60,000 TPA) became fully operational on May 21, 2026, positioning the company for volume growth in lead-free stabilizers.
- Consolidated Q1 FY27 PAT decreased by 14.9% YoY to ₹11.13 crore
- Egypt facility capex of ₹68 crore represents ~15.1% of TTM revenue
- Palghar plant (60,000 TPA) reached full commercial production on May 21, 2026
- Management targets >40% revenue growth for FY27 and a 35% CAGR through FY29
- Egypt plant commercial production is scheduled to start by December 31, 2026
Platinum Industries' Q1 FY27 results are marked by a qualified opinion from statutory auditors regarding a Rs 9.82 Cr insurance claim receivable. The claim stems from a July 2025 fire at its Palghar subsidiary; auditors contend it should only be recognized after insurer acknowledgment, which is currently pending. On the expansion front, the company has utilized Rs 165.93 Cr of its Rs 211.83 Cr IPO proceeds, with significant investments directed toward its Egypt and Palghar facilities. Operations at the fire-affected unit have been partially restored, but the final settlement remains a key uncertainty.
- Auditors issued a qualified conclusion over a Rs 9.82 Cr insurance claim receivable not yet acknowledged by the insurer
- Fire incident on July 7, 2025, resulted in a gross loss of Rs 10.34 Cr to assets and inventory
- Rs 45.90 Cr of IPO proceeds remain unutilized as of June 30, 2026, out of a total net proceed of Rs 211.83 Cr
- Subsidiaries contributed Rs 7.25 Cr to consolidated revenue and Rs 1.72 Cr to PAT for the quarter
- Operations at the Palghar subsidiary (M/s Platinum Polymers and Additives) are currently only partially restored
Platinum Industries reported its Q1 FY27 results, which were marked by a 'Qualified Conclusion' from statutory auditors PKF Sridhar & Santhanam LLP. The qualification pertains to a ‡9.82 Cr insurance claim receivable recognized by a subsidiary following a July 2025 fire, which auditors argue should only be recorded after insurer acknowledgment. During the quarter, the company utilized ‡15.15 Cr of IPO proceeds, with ‡12.45 Cr directed toward the Egypt manufacturing facility. Despite the audit flag, the company maintains that the full claim is recoverable based on management assessment.
- Statutory auditors issued a qualified opinion regarding ‡9.82 Cr in insurance claims recognized without formal insurer confirmation.
- A fire incident on July 07, 2025, at the Palghar subsidiary resulted in an estimated loss of ‡10.34 Cr.
- ‡45.90 Cr of IPO proceeds remain unutilized as of June 30, 2026, out of the original ‡211.83 Cr net proceeds.
- Investment of ‡12.45 Cr made in the Egypt subsidiary (Platinum Stabilizers Egypt LLC) during Q1 FY27 for capital expenditure.
- Three reviewed subsidiaries contributed ‡7.25 Cr to consolidated revenue and ‡1.72 Cr to net profit in Q1 FY27.
Platinum Industries reported its Q1 FY27 results, notably receiving a qualified opinion from auditors regarding a 9.82 Cr insurance claim receivable from a July 2025 fire incident. The company has utilized 165.93 Cr (78%) of its 211.83 Cr net IPO proceeds as of June 30, 2026. Significant capital expenditure continues for its Egypt ( 30.95 Cr total spent) and Palghar ( 25.01 Cr total spent) facilities. The board also appointed M/s Ashish Bhavsar & Associates as the new Cost Auditor for FY 2026-27.
- Auditors issued a qualified conclusion regarding 9.82 Cr insurance claim receivable not yet acknowledged by the insurer.
- Utilized 165.93 Cr of the 211.83 Cr net IPO proceeds for expansion and working capital.
- Spent 12.45 Cr in Q1 FY27 on the Egypt manufacturing facility, with 36.77 Cr still unutilized for this project.
- Palghar facility expansion has 46.14 Cr unutilized funds remaining from the 71.15 Cr allocation.
- Subsidiaries contributed 7.25 Cr to revenue and 1.72 Cr to PAT in the reviewed quarter.
Platinum Industries has announced its post-earnings conference call for the quarter ended June 30, 2026, scheduled for August 11, 2026, at 3:00 PM IST. The call will be led by the Chairman & Managing Director and the CFO to discuss the company's performance. This follows a fiscal year (FY26) where the company achieved a TTM revenue of ₹451 Cr and a PAT of ₹51 Cr. Investors will be looking for updates on the 60,000 MTPA Palghar facility expansion and international market progress.
- Earnings call scheduled for August 11, 2026, at 03:00 P.M. IST via Zoom
- Management representation includes Mr. Krishna Rana (CMD) and Mr. Ashok Bothra (CFO)
- Discussion will focus on unaudited financial results for the quarter ended June 30, 2026
- Company reported a TTM revenue of ₹451 Cr and OPM of 13.3% in the preceding period
- Call hosted by Kaptify Consulting for strategy and investor relations
Platinum Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited, confirmed that no requests for dematerialization of equity shares were received during the quarter from April 1, 2026, to June 30, 2026. This is a standard procedural filing required to maintain the integrity of shareholding records between the company and depositories.
- Reporting period covers the full quarter from April 1, 2026, to June 30, 2026
- Confirmed that 0 dematerialization requests were received during the specified period
- The compliance certificate was issued by RTA Bigshare Services Pvt. Ltd. on July 9, 2026
- Filing confirms adherence to SEBI regulations regarding depository participant reconciliation
Platinum Industries Limited (PLATIND) has responded to a query from the National Stock Exchange (NSE) regarding a significant increase in its trading volume. In its clarification dated July 7, 2026, the company stated that it has consistently disclosed all material information under SEBI Regulation 30. Management maintains that the volume movement is purely market-driven and no price-sensitive information has been withheld from the public. This is a routine procedural filing triggered by exchange surveillance systems.
- NSE issued a clarification request (Ref: NSE/CM/Surveillance/17224) on July 6, 2026
- Company submitted its formal response on July 7, 2026, denying any undisclosed material events
- Market capitalization remains at approximately Rs 1,313 Cr with a TTM revenue of Rs 451 Cr
- Promoter holding is stable at 70.03% as per the latest March 2026 filings
Platinum Industries Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of the unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the board approves and declares the financial results. This is a standard regulatory procedure to prevent insider trading during the period when sensitive financial information is being finalized.
- Trading window closure effective from Wednesday, July 01, 2026.
- Closure is related to the Unaudited Financial Results for the quarter ending June 30, 2026.
- Window to reopen 48 hours after the declaration of financial results to the exchanges.
- Restriction applies to Directors, Designated Employees, and Key Managerial Personnel (KMP).
Platinum Industries Limited has announced a scheduled plant visit for investors and analysts at its manufacturing facility in Palghar, Maharashtra. The visit is set for Thursday, June 25, 2026, as part of the company's investor relations engagement. The management has clarified that discussions will be based on publicly available information and no unpublished price-sensitive information (UPSI) will be shared. This event allows institutional stakeholders to observe operational capabilities firsthand.
- Plant visit scheduled for Thursday, June 25, 2026, at the Palghar, Maharashtra facility.
- Interaction will be strictly limited to publicly available information to comply with SEBI regulations.
- No confidential or unpublished price-sensitive information (UPSI) will be disclosed during the event.
- The intimation was filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
Platinum Industries Limited has filed a routine disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter, Mr. Krishna Dushyant Rana, confirmed on behalf of the entire promoter group that no shares were encumbered or pledged during the period. This annual declaration ensures transparency regarding the status of promoter holdings. It indicates that the promoter's equity remains free of any debt-related liens or third-party obligations.
- Annual disclosure submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011
- Promoter group confirms zero encumbrances or pledges for the financial year ended March 31, 2026
- Declaration covers all members of the Promoter and Promoter Group
- Submission made to both NSE and BSE as part of standard regulatory compliance
Platinum Industries Limited has announced that its manufacturing facility in Palghar, Maharashtra, is now fully operational as of May 21, 2026. This project was a key objective of the company's Initial Public Offer (IPO), demonstrating successful utilization of capital. While partial production at the site had already begun on August 8, 2025, the commencement of the remaining units marks the completion of this expansion phase. This move is expected to significantly enhance the company's production capacity and long-term revenue potential.
- Full commercial production at the Palghar facility commenced on May 21, 2026.
- The facility was a primary objective of the company's Initial Public Offer (IPO) proceeds.
- Partial operations at the site had previously been active since August 8, 2025.
- The manufacturing unit is now 100% operational, marking a major milestone in the company's growth strategy.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 48.36% YoY to INR 3,922.61 Mn in FY25. Standalone revenue, representing the core Indian operations, grew 29.03% YoY to INR 3,248.93 Mn. For H1FY26, consolidated revenue reached INR 2,137.6 Mn, a 5.67% increase over H1FY25.
Geographic Revenue Split
India operations (Standalone) contributed approximately 82.8% of total consolidated revenue in FY25 (INR 3,248.93 Mn out of INR 3,922.61 Mn). The company is aggressively expanding into Egypt (leveraging the Suez Canal), Europe, Southeast Asia, Africa, and the Middle East.
Profitability Margins
Gross margins contracted significantly by 873 bps to 29.98% in FY25 from 38.71% in FY24 due to input cost pressures. PAT margin declined by 368 bps to 12.77% in FY25 from 16.45% in FY24. H1FY26 consolidated PAT margin stood at 12.3%.
EBITDA Margin
Consolidated EBITDA margin dropped 839 bps to 14.72% in FY25 from 23.11% in FY24. Absolute EBITDA declined 5.47% YoY to INR 577.56 Mn. H1FY26 consolidated EBITDA margin further moderated to 13.4% compared to 17.6% in H1FY25.
Capital Expenditure
The company is investing in a new manufacturing unit at Palghar with an estimated installed capacity of 60,000 MTPA, expected to be operational during FY26. This facility focuses on modernizing production for non-lead-based stabilizers.
Credit Rating & Borrowing
The company is near debt-free with a debt-to-equity ratio of 0.01. It maintains a robust interest coverage ratio of 25.27x, indicating very low borrowing costs and high solvency.
Operational Drivers
Raw Materials
Petrochemicals represent the primary raw material component. Cost of Goods Sold (COGS) rose to INR 2,746.68 Mn in FY25, accounting for 69.49% of total revenue compared to 61.29% in the previous year.
Import Sources
Not disclosed in available documents, though the company mentions strategic sourcing and international operations in Egypt.
Capacity Expansion
Current capacity not explicitly stated in total MT; however, the company is adding 60,000 MTPA of capacity at its Palghar unit for non-lead-based stabilizers, scheduled for FY26 completion.
Raw Material Costs
Raw material costs (COGS) increased 69.5% YoY to INR 2,746.68 Mn in FY25. The company manages this through long-term supplier relationships and exploring alternative raw materials to reduce single-source dependency.
Manufacturing Efficiency
The company is transitioning to Zero Liquid Discharge (ZLD) and targeting a 30% reduction in water usage by 2025 to improve environmental efficiency.
Logistics & Distribution
Distribution strategy focuses on the Suez Canal hub to optimize global freight costs and improve delivery timelines for international markets.
Strategic Growth
Expected Growth Rate
28%
Growth Strategy
Growth will be driven by the commissioning of the 60,000 MTPA Palghar facility in FY26, aggressive expansion into the Egyptian and European markets, and a strategic shift toward high-demand non-lead-based stabilizers. The company is also utilizing IPO proceeds to fund capital expenditure and maintain a low-debt balance sheet for flexibility.
Products & Services
PVC stabilizers, lead-based stabilizers, non-lead-based (eco-friendly) stabilizers, and lubricants used in industrial applications.
Brand Portfolio
Platinum Industries.
New Products/Services
New non-lead-based stabilizers are being launched to cater to the growing global demand for eco-conscious chemical alternatives.
Market Expansion
Targeting Southeast Asia, Africa, and the Middle East, with a specific focus on the Egypt facility as a gateway to global markets.
External Factors
Industry Trends
The industry is shifting toward sustainable, non-lead-based stabilizers due to environmental regulations. Platinum is positioning itself for this shift with its new 60,000 MTPA specialized unit.
Competitive Landscape
Characterized by intense competition from both domestic and international low-cost chemical manufacturers.
Competitive Moat
Moat is built on a near debt-free balance sheet (0.01 D/E), strategic geographic positioning in Egypt for low-cost global logistics, and technical transition to eco-friendly stabilizers which have higher entry barriers.
Macro Economic Sensitivity
Highly sensitive to construction and infrastructure spending cycles, as these drive the demand for PVC-based products.
Consumer Behavior
Increasing consumer and regulatory preference for lead-free and sustainable chemical additives in construction materials.
Geopolitical Risks
Operations near the Suez Canal expose the company to regional geopolitical stability risks, though the location is currently used as a strategic logistics advantage.
Regulatory & Governance
Industry Regulations
Subject to stringent environmental and safety regulations regarding chemical formulations, particularly those involving lead-based components which are facing global restrictions.
Environmental Compliance
The company is implementing Zero Liquid Discharge and targeting a 30% reduction in water usage by 2025 to meet ESG standards.
Taxation Policy Impact
The effective tax rate for FY25 was approximately 26.3% (INR 178.74 Mn tax on INR 679.70 Mn PBT).
Risk Analysis
Key Uncertainties
Fluctuations in raw material prices (petrochemicals) could impact margins by an estimated 8-10% based on recent margin contraction trends.
Geographic Concentration Risk
Approximately 83% of revenue is concentrated in the Indian market (Standalone operations).
Third Party Dependencies
High dependency on petrochemical suppliers; however, specific vendor concentration percentages are not disclosed.
Technology Obsolescence Risk
Risk of lead-based products becoming obsolete due to regulation; mitigated by the new 60,000 MTPA non-lead stabilizer plant.
Credit & Counterparty Risk
Trade receivables stood at INR 793.7 Mn in FY25, up from INR 499.2 Mn in FY24, indicating a 59% increase in credit exposure alongside revenue growth.
