Platinum Industries Limited
Minimum investment
Bidding date
27 Feb - 29 Feb 2024
Price range
—
Minimum quantity
87
Minimum investment
₹14,094
Issue size
—
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Platinum Industries is a multi-product company engaged in the business of manufacturing speciality chemicals known as stabilizers. The business segment includes PVC stabilizers, CPVC additives, and lubricants to enhance the performance and durability of PVC. Company's products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.
They are the third largest player of PVC stabilizer with an 8.00% market share in FY22 in the domestic market. Amongst peers in the industry, Platinum Industries recorded the highest Revenue in FY 22. Company's manufacturing facility is located at Palghar, Maharashtra which is spread across land of 21,000 sq. ft and a have a dedicated in-house R&D facility.
ABOUT THE INDUSTRY
The Indian speciality chemicals industry, accounting for 26% of the overall chemicals industry (excluding pharmaceuticals), and it was worth USD 33.5 billion in FY '22. This industry is expected to reach USD 51 billion by FY 2026, growing at 11.1% CAGR over 2022-26.
Varied Product Portfolio : We have varied products for PVC industry in the market and multiple product categories which helps them to retain their customers and strengthen the cross-selling efforts across product portfolios.
High Entry Barriers: Barriers to entry in the speciality chemical industry are typically high. The specialised nature of products means significant differentiation. R&D efforts, technical know-how, capital, customer relationships, and engineered or regulated specifications.
R&D Focus: Platinum Industries has an in-house R&D facility over 3,000 q. ft. area in Palghar, Maharashtra with modern equipment and instrumentation. The R&D efforts are focused on developing innovative products to suit customer needs. market demands.
Consistent Financial Performance : Company has grown from commencing from 2 products portfolio to a multi-product manufacturing company with sales across India and in international markets. The revenue has grown at a CAGR of 42 % and PAT has registered a CAGR of 164% in the last six years.
Negative Cash Flows: Platinum Industries has experienced negative cash flows in operating, investing and financing activities in the last three financial years. Any negative cash flows in the future would adversely affect our results of operations and financial condition.
Pricing Pressure: Being in a competitive market, we face pricing pressures from our customers. It may affect our gross margin, profitability, and ability to increase prices, which may adversely affect the business, results of operations. financial condition.
Customer & Regional Concentration: Platinum Industries is dependent on a few customers for a major part of its revenues. Further, the customers are concentrated in the Western zone. Any loss of these customers or region specific changes can impact the business.
Active IPOs | |
|---|---|
Company name | Bid starts |
Cmr Green Technologies | 03-06-2026 |
Hexagon Nutrition | 05-06-2026 |
