About Company

• Platinum Industries (“Platinum”) was incorporated in 2016 as “Platinum Industries LLP”. The name was subsequently changed to “Platinum Industries Ltd” on March 31, 2023. The company initially started manufacturing lead-based stabilizers and mixed metal-based stabilizers and later diversified by manufacturing low lead-based stabilizers, organic stabilizers, CPVC Additives and lubricants.
• Platinum is a multi-product company operating in the speciality chemicals industry. The 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.
• Platinum is the third largest player of PVC stabilizer in terms of sales with an ~13.00% market share for the financial year 2022-23 in the domestic market (CRISIL Report). The company provides customized products and solutions directly to its customers and through its network of distributors spread across 12 locations in India. Further, the company also trades in associated commodity chemicals such as titanium dioxide and PVC/CPVC resin. PLATINUM exports its products to other countries.
• Platinum has a Technical Collaboration Agreement with HMS Concept E.U., which is the sole proprietorship concern of Dr. Horst Michael Schiller, who is an internationally renowned scientist with over three decades of experience in the PVC industry.
• The company’s manufacturing facility is located at Palghar, Maharashtra spread across ~21,000 sq. ft. and has obtained ISO 9001:2015 certification for quality management systems.
• The company plans to establish a project in Egypt through its subsidiary Platinum Stabilizers Egypt LLC and shall venture into manufacturing of both lead-based and non-lead based PVC stabilizers. Additionally, the company is in the process of setting up a new manufacturing facility at Palghar aimed at increasing the manufacturing capacity of non-lead based stabilizers to 60,000 MTPA, with start commercial production at by fourth quarter of financial year 2024-25.
• The company’s revenue from operations grew at a CAGR of ~61.03% from ? 89.27 Crore in Fiscal 2021 to ? 231.48 Crore in Fiscal 2023, the EBITDA grew from ? 7.56 Crore to ? 53.86 Crore and PAT grew from ? 4.55 Crore to ? 26.51 Crore during the same period. For 6 months ended September 2023, the Company reported Revenues from Operations, EBITDA and PAT of ? 122.82 Crore, 32.38 Crore and ? 21.92 Crore.

Strengths

Competitive Strength 

• Consistent financial performance;
• R & D and Sustainability;
• Varied product portfolio catering to diversified industries;
• High entry barriers in the speciality chemical industry ;
• Quality Products.

 Business Strategies 

• Expanding the production capacities and broadening the global footprint;
• Increase in market share;
• Modernization and Expansion of the facility in India;
• Continue to build the global customer base and enter new geographical markets ;
• Continue to innovate new product categories, catering to wider end-applications.

Company Promoters

Company Financials

Platinum Industries Limited's revenue increased by 22.89% and profit after tax (PAT) rose by 111.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Objects of the Issue

1. Investment in the subsidiary, Platinum Stabilizers Egypt LLC ("PSEL"), for financing its capital expenditure requirements about the setting up of a manufacturing facility for PVC Stabilizers at SC Zone 'Governorate of Suez Egypt'
2. Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India
3. Funding working capital requirements of our Company; and

4. General corporate purposes.