Fittings, Electrical Wires and Cables, SPC Floor Tiles, Rigid PVC Foam Boards, Packaging Materials, etc.
According to the CRISIL Report, Platinum Industries is third largest player of PVC stabilizer in terms of sales with an 13% market share for the financial year 2022-23 in the domestic market. They have Technical Collaboration Agreement with HMS Concept E.U., a concern of Dr. Horst Michael Schiller, who is an internationally renowned scientist with over three decades of experience in the PVC industry. In addition to manufacturing facilities at Palghar, Maharashtra they also have a dedicated in-house R&D facility located at village Dhansar, Palghar, and Maharashtra.
In the fiscal 2023, Platinum Industries recorded the highest Revenue CAGR (FY20-FY23) of 48.8%, Gross profit increased with a CAGR of 92.4%, EBITDA margin of 145.5%, PAT margin of 185.60%, respectively. The gross margin improved significantly between fiscals 2020 and 2023, from 15.6% to 37.5%, thereby recording the highest gross margin vis-à-vis all peers in fiscal 2023. Debt to Equity ratio has reduced to 0.13 from 0.73, which indicates the debt portion is reduced considerably and the Balance sheet is further strengthened. Also, the Current Ratio has improved to 2.52 from 1.04.
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