Supreme Industries Ltd share Price

Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments including piping systems, packaging products, industrial products & consumer product category with revenue contribution of 65%,16%, 13% & 5%, respectively.

• Market leader in the PVC pipe industry with a value market share of 14%
• Robust balance sheet with RoE & RoCE of 24% & 27% (five-year average), respectively, with stringent working capital policy

Strong revenue growth in Q4FY22 led by piping segment but EBITDA margin came in lower on account of higher raw material costs.

• The company reported revenue growth of ~23% YoY to Rs. 2557 crore led by ~16% volume growth YoY. Piping segment revenue grew 34% YoY
• Gross margins came in lower by 1097 bps YoY (down 412 bps QoQ) due to higher raw material cost. EBITDA margins declined 915 bps YoY to 15.3%
• PAT declined 28% YoY to Rs. 324 crore, tracking lower EBITDA

Plastic Products company Supreme Industries announced Q1FY24 results:

• Consolidated Q1FY24 vs Q1FY23:
  • Total Income: Rs 2,382.78 crore vs Rs 2,210.53 crore, up 7.79%
  • Operating Profit: Rs 342.91 crore vs Rs 326.91 crore, up 4.89%
  • Operating Profit (% of Total Income): 14.39% vs 14.79%
  • PBT: Rs 283.37 crore vs Rs 268.15 crore, up 5.68%
  • PBT (% of Total Income): 11.89% vs 12.13%
  • PAT (Before OCI): Rs 215.54 crore vs Rs 213.85 crore, up 0.79%
  • PAT (% of Total Income): 9.05% vs 9.67%
  • Earning Per Share:  Rs 16.97 vs Rs 16.84, up 0.77%
• Standalone Q1FY24 vs Q1FY23:
  • Plastic goods sold (MT): 1,48,544 vs 1,08,922, up 36.38%
  • Total Income: Rs 2,382.74 crore vs Rs 2,210.53 crore, up 7.79%
  • Operating Profit: Rs 321.73 crore vs Rs 268.80 crore, up 19.69%
  • Operating Profit (% of Total Income): 13.50% vs 12.16%
  • PBT: Rs 262.19 crore vs Rs 210.04 crore, up 24.83%
  • PBT (% of Total Income): 11.00% vs 9.50%
  • PAT (Before OCI): Rs 194.36 crore  vs Rs 155.74 crore, up 24.80%
  • PAT (% of Total Income): 8.16% vs 7.05%
  • Earning Per Share:  Rs 15.30 vs Rs 12.26, up 24.80%
• The overall turnover of value-added products remains at Rs 756 crore during Q1FY24 as compared to Rs 761 crore in Q1FY23.
• The Company has total Cash Surplus of Rs 951 crore as on 30th June, 2023 as against Cash Surplus of Rs 738 crore as on 31st March, 2023.

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