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Prabhudas Lilladher Report
We recently met with the management of Platinum Industries Ltd. Established in 2016, the company was listed on March 05, 2024. Platinum Industries manufactures PVC stabilizers (both lead and non-lead based), cPVC additives and lubricants.
It is the third-largest player in India's PVC stabilizer market. Its products find application in PVC pipes, PVC fittings, electrical wires and cables, SPC floor tiles and packaging foam boards.
The company has an research and development center and a manufacturing facility in Palghar, Maharashtra, with total capacity of approx. 36,000 million tonnes per annum.
Platinum Industries is set to capture next leg of growth through its new manufacturing facilities at Palghar and Egypt. The company posted a revenue CAGR of 41.47% from FY21-FY24, while EPS for FY24 stood at Rs 10.55. The stock currently trades at 18 times FY24 EPS.
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Also Read: Oil And Gas Sector Check - Refining Bottoming Out; Marketing Margins Remain Robust: Motilal Oswal
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