About PLATINUM INDUSTRIES LIMITED
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.
Why To Invest in PLATINUM INDUSTRIES LIMITED
Manufacturer of speciality chemicals with consistent financial growth. The IPO Net Proceeds will be utilised for:
- Investment in the subsidiary, Platinum Stabilizers Egypt LLC for financing its capital expenditure requirements
- Funding of capital expenditure towards setting up a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra
- Funding working capital requirements of the Company
Year | FY 2021 | FY 2022 | FY 2023 |
---|---|---|---|
Revenue from Operations (Rs. Cr) | 89.2 | 188.2 | 231.5 |
PAT (Rs. Cr) | 4.8 | 17.7 | 37.6 |
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