In this article, we will try to analyze the Platinum Industries share price target for 2024, 2025, 2026, 2027, 2028, 2029 and 2030 based on the company’s financials and various reports from research and brokerage firms.
Introduction-
The IPO of which company has come, products of that company is used in manufacturing of plastic pipes. The company manufactures stabilizer not for electric purpose stabilizers is used in plastic manufacturing companies as a speciality chemical.
This company is Platinum Industries Ltd, which is a newcomer in the speciality chemical market with its innovative and unique product range. The company is growing at a compounded rate of 20% because of its unique product range, while this industry is not growing at this rate. The Platinum industries Ltd has became a prominent player in the speciality chemical sector.
IPO Details-
Platinum Industries Ltd Limited has come with its IPO worth Rs. 235.32 crore. IPO-related details are given below:
| Bidding Dates | 27 Feb-29 Feb 2024 |
| Price band | 161 – 171 |
| Issue Size | 235.32 Cr |
| Fresh Issue | 235.32 Cr |
| Lot Size | 87 share |
| Min. Investment | 14,094 |
Recent News
Platinum Industries IPO is listed at 228 INR with the 33.33% premium on 5th march. Currently the share price of Platinum Industries Ltd is trading at near 204 rupees.
Company overview-
Platinum industries Limited was established in 2016 engaged in manufacturing of stabilizers within the speciality chemicals industry. Company produces products like PVC Stabilizers, CPVC additives and lubricants, with application spanning PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, rigid PVC foam boards, packaging material, and more.
The company also engages in trading activities related commodity chemicals like titanium dioxide and PVC/CPVC resin. Platinum Industries ltd exports its products to international market. The company has a distribution network of 12 locations across India.
Financials
| Market Cap | 1,128 |
| P/E Ratio | 29.77 |
| Industry P/E | 40.80 |
| Debt to Equity | 0.19 |
| Return on Equity | 90.02% |
| Defense stock gave 1190% return in last 5 years | Stockmoodys |
Net-profit margin-
The Platinum Industries has reported revenue of Rs 231.48 crores in FY23, with a profit of Rs 37.85 crores.
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 233 | 38 |
| 2022 | 189 | 18 |
| 2021 | 90 | 5 |
Share price targets for a specific company are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
But we will predict the Platinum Industries Ltd share price target in 2024, 2025, 2026, 2027, 2028 2029 and 2035 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
Platinum Industries Ltd share price target: 2024
The share price of Platinum Industries Ltdis expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 445 in November 2024 and a minimum price target of Rs 256 in March 2024. The average price target for Platinum Industries Ltd in 2024 is expected to be around Rs 320.
| Join our WhatsApp Channel for latest updates | Stockmoodys |
| Join our WhatsApp Group for latest updates | Stockmoodys |
Platinum Industries Ltd Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
Platinum Industries Ltd share price target: 2025
The share price of Platinum Industries Ltd is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 775 in December 2025 and a minimum price target of Rs 422 in March 2025. The average price target for Platinum Industries Ltd in 2025 is expected to be around Rs 580.
Platinum Industries Ltd Share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
Platinum Industries Ltd share price target: 2026
The share price of Platinum Industries Ltd is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1036 in December 2026 and a minimum price target of Rs 710 in March 2026. The average price target for Platinum Industries Ltd in 2026 is expected to be around Rs 884
Platinum Industries Ltd Share price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
Platinum Industries Ltd share price target: 2027
The share price of Platinum Industries Ltd is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1474 in December 2027 and a minimum price target of Rs 1010 in March 2027. The average price target for Platinum Industries Ltd in 2027 is expected to be around Rs 1264.
Platinum Industries Ltd Share price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
Platinum Industries Ltd share price target: 2028
The share price of Platinum Industries Ltd is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2045 in December 2028 and a minimum price target of Rs 1365 in March 2028. The average price target for Platinum Industries Ltd in 2028 is expected to be around Rs 1648.
Platinum Industries Ltd Share price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
Platinum Industries Ltd share price target: 2029
The share price of Platinum Industries Ltd is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 3236 in December 2029 and a minimum price target of Rs 2000 in March 2029. The average price target for Platinum Industries Ltd in 2029 is expected to be around Rs 2675.
Platinum Industries Ltd Share price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
Platinum Industries Ltd share price target 2030
The share price of Platinum Industries Ltd is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 4463 in December 2030 and a minimum price target of Rs 3150 in March 2030. The average price target for Platinum Industries Ltd in 2030 is expected to be around Rs 3856.
Platinum Industries Ltd Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Strength of Platinum Industries Ltd
Platinum Industries Ltd has a wide range of innovative products.
The company has in-house R&D facility spanning 3,351.82 sq.ft. in Palghar Maharashtra.
The company is operating in more than 15 countries with strategic alliances.
Weaknesses of Platinum Industries Ltd
The company manufactures in Palghar, Maharashtra if any social unrest, natural disaster or breakdown of services takes place could significantly impact the company’s business and financial condition.
The company relies on the limited number of customers that collectively contributed more than 85% of the total sales.
Raw material supply is not in control of the company and in raw material price fluctuation it may affect adversely its business and financials.
Conclusion
Platinum industries Ltd has grown in very short span of the time which defines the positive outlook of the management. Products quality is also business defining parameter in the success of this company.
The company has huge potential to grow in the near future and product portfolio is also growing with the company.
| Platinum Industries का IPO आ गया है अब बनेगा पैसा ही पैसा | Stockmoodys |