Platinum Industries Ltd (PLATIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-68.2%

₹69.59

vs ₹219.00 price

Levered DCF

-₹98.57

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	19.58×	30.38×	16.94×	23.45×	50.09×	184.08×
P/B	2.3×	3.89×	2.24×	14.37×	39.81×	198.83×
P/S	2.26×	3.8×	2.8×	3.84×	4.73×	9.98×
EV / EBITDA	15.59×	23.51×	9.41×	16.51×	34.93×	115.79×
Gross margin	23.2%	30.0%	38.5%	34.6%	23.2%	15.4%
Operating margin	12.0%	25.4%	32.3%	22.6%	13.0%	7.6%
Net margin	11.5%	12.7%	16.5%	16.4%	9.4%	5.4%
Current ratio	4.17×	5.22×	6.77×	1.87×	1.29×	1.04×
Debt / equity	0.02×	0.05×	0.03×	0.35×	1.18×	1.13×
Interest coverage	18.71×	35.64×	45.16×	26.29×	19.78×	24.59×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	57.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	11.7%	13.0%	13.2%	61.3%	79.5%	107.7%
Return on invested capital	9.0%	17.7%	18.1%	40.8%	36.8%	48.5%
Return on assets	9.5%	10.6%	11.1%	31.2%	21.0%	14.9%
Free cash flow yield	-3.1%	-4.3%	2.2%	1.0%	-2.0%	0.1%
Earnings yield	5.1%	3.3%	5.9%	4.3%	2.0%	0.5%
Enterprise value	₹9.3B	₹13.6B	₹5.8B	₹9B	₹9.1B	₹8.9B
Net debt / EBITDA	-1.41×	-2.31×	-2.69×	0.26×	0.85×	0.53×
Cash conversion cycle (days)	96	83	21	85	83	13