Platinum Polymers Private Limited

Key Metrics of Platinum Polymers Private Limited

Revenue₹29.4 Cr▲ 39.3% YoYFY 2024-25

EBITDA₹1.65 Cr▲ 809.3% YoY

Net profit₹10.0 L▲ 104.8% YoY

Net worth—

Competitors10identified

About Platinum Polymers Private Limited

Sectors

Cement, Building Materials & PolymersPolymers & Petrochemicals

Company details

Operational Areas of Platinum Polymers Private Limited

Cement, Building Materials & Polymers›Polymers & Petrochemicals

Company summary

Entity details

CINU25202MH2006PTC165216

LEI code—

State codeMH

PIN code—

Current legal namePLATINUM POLYMERS PRIVATE LIMITED

Classification—

Listing statusUnlisted

Registration no.165216

Company age—

PAN—

CountryIndia

City—

StateMaharashtra

Current statusACTIVE

Date of incorporation—

Registrar of companies—

Authorised capital—

Paid-up capital—

Employee count—

Compliance

Last AGM date—

Last balance sheet—

Next filing dueMGT-7 for FY 2025-26 · 29 Nov 2026

Industry classification

NIC code25202

Description of main activityManufacture of rubber and plastics products

Description of business activityManufacture of rubber and plastics products

SectorCement, Building Materials & Polymers · Polymers & Petrochemicals

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Financials, ratios and risk analysis

Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.

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Filing compliance

AGM for FY 2025-2630 Sep 2026 Statutory due date passed

AOC-4 for FY 2025-2630 Oct 2026 Statutory due date passed

MGT-7 for FY 2025-2629 Nov 2026 Statutory due date · 25 days left

Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.

Vendor checks & payment capacity

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Credit ratings

ICRA · 22 Apr 2026 ICRA B+ Stable outlook · Short term A4 · Non-cooperating

Change in last 12 months—

Change since first rating on record—since Apr 2026

Rating actions10 up · 0 down

WatchIssuer not cooperating with ICRA (rating based on limited information)

Rating history

Rating actions

Date	Agency	Action	Long term	Short term	Outlook	Rated amount	Rationale
22 Apr 2026	ICRA	Non-cooperating	B+	A4	Stable	₹5.14 Cr	View

Agency-reported financials (ICRA, 22 Apr 2026)

Metric	FY2024	FY2025
Operating income	₹21.10 Cr	₹29.40 Cr
PAT	₹-2.10 Cr	₹0.10 Cr
OPBDITA/OI	-1.1%	5.6%
PAT/OI	-9.7%	0.3%
Total debt/OPBDITA (times)	-48.20×	6.70×
Interest coverage (times)	-0.20×	1.60×
Revenue growth (YoY)	—	39.3%
EBITDA (margin × income)	₹-0.23 Cr	₹1.65 Cr
Implied total debt (debt/EBITDA × EBITDA)	—	₹11.06 Cr
Implied interest cost (EBITDA ÷ coverage)	—	₹1.03 Cr

Borrowings & rated debt

Rated borrowing limits (latest)₹5.14 Cr

Limits raised0 times0 new facilities rated

Facility mix

Rated facilities

Facility	Type	Previous	Current	Change	Rating	Action	Agency
continues to remain under ‘ ’	Other	₹4.00 Cr	₹4.00 Cr	0.0%	—	Non-cooperating	ICRA
continues to remain under ‘ ’	Other	₹15.0 L	₹15.0 L	0.0%	—	Non-cooperating	ICRA
Rated facility	Other	₹75.0 L	₹75.0 L	0.0%	—	Other	ICRA
Unallocated limits continues to remain under ‘ ’	Other	₹24.0 L	₹24.0 L	0.0%	B+ (Stable)	Non-cooperating	ICRA

Credit assessment · Cement

CARE Ratings’ Criteria for Rating Cement Companies (Sep 2024) · Standalone accounts · FY 2024-25

Indicative long-term—

Indicative short-term—

Score—

LiquidityStretched

DirectionStableAgency outlook: Stable

ICRA rating · Apr 2026B+2 notches below indicative

Ratios, pillar scores and the indicative rating are part of Premium.

Rating status

Default	No default on record
Issuer cooperation	Not cooperating since 22 Apr 2026 (6 months) – investment grade cannot be retained
Credit enhancement	None – standalone rating
Next action stable or better (model)	38%
Information on file	22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern

Indicative assessment from public data using the published methodology factors; not a credit rating.

Borrowing & funding lifecycle

⬇ PDF report ⬇ Excel

Can it borrow more?Further bank funding difficult Next rating action stable or better: 32% (Downgrade likely) · ML model on 6893 rating histories, AUC 0.653

Rated limits₹5.14 Cr

Not yet allocated₹0.24 Cr

Extra debt within 2.5× EBITDA—

Interest coverage1.60×

Limit utilisation—

Open bank charges0 · —

Credit outlook model: 32% chance the next rating action is stable or better
Current rating B+ (below investment grade)
Interest coverage 1.6×
₹0.24 cr of rated limits not yet tied to a lender
Issuer not cooperating with the rating agency

Rated limits by facility

Timeline

22 Apr 2026 ICRA non-cooperating: B+ (Stable)Rated limits ₹5.14 cr ICRA rationale

Lender names, bank charges and audited borrowings are part of Premium.

Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.

Competitors of Platinum Polymers Private Limited