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Supreme Industries Ltd share Price Today

Company details

5,470.00
5,600.90
2,727.80
5,839.80
6M Return 33.55%
1Y Return 95.56%
Mkt Cap.(Cr) 69,915.66
Volume 136,948
Div Yield 0.55%
OI
-
OI Chg %
-
Volume 136,948

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Plastic Products company Supreme Industries announced standalone Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Sales Volume in Q4 see a YoY increase of 33%
  • Revenue Q4: Rs 1,95,369 crore, a 32.53% increase from Q4FY23.
  • Operating Profit Q4: Rs 491 crore, representing a 2.18% increase from Q4FY23.
  • Profit After Tax (PAT) Q4: Rs 314.48 crore, a marginal 1.26% uplift from Q4FY23

FY24 Financial Highlights:

  • Sales Volume in FY24 see a YoY increase of 26%
  • Revenue FY24: Rs 6,39,701 crore, up by 26.30% compared to FY23.
  • Operating Profit FY24: Rs 1,548.54 crore, a 29.05% rise from FY23.
  • Profit Before Tax (PBT) FY24: Rs 1,351.83 crore, an increase of 33.79% from FY23. 
  • Profit After Tax (PAT) FY24: Rs 1,016.17 crore, a strong 32.92% growth over the   previous fiscal year.
  • The planned capex for the fiscal year is around Rs 1500 crore, with an additional carry forward commitment of Rs 496 crore from the previous year. 
  • Expected volume growth of 20% for the current year, with a previous year growth of about 33% in plastic piping systems.
  • The overall turnover of value-added products increased to Rs 3737 crore, up by 13%.

M. P. Taparia, Managing Director, The Supreme Industries Limited, said," Indian economy has achieved highest growth in the previous year compared to all advanced economies of the world. Monsoon for the coming year is expected to be higher than normal , which augurs well to contain the inflation. The Governments are taking several initiatives to boost manufacturing. The country’s GDP thus may grow higher than previous year.

Central and State Governments are taking several initiatives towards creating improved infrastructure, to provide houses for all and supplying gas to households by Piping system will further boost the demand for the Company’s products.

In India and several surrounding countries, expansion of plastic raw material production capacity is under execution. In the forecasted slow growth of world economy in this year combined with increased availability of Plastics will maintain the price level at affordable price level. The Company expects to achieve 20% volume growth this year.

During the year under review the Company achieved volume growth of about 33% in Plastic Piping System made from different plastic materials. Overall, the Company sold 5,01,001 Tons of Pipe System compared to 3,75,046 Tons in the preceding year. However due to reduction in PVC resin prices, revenue growth was at about 15% over previous year.

The Company’s entire range of Plastics products are poised to grow in this year. The Company is also taking several initiatives to boost export of Plastics products out of its product range. The response to this initiative is encouraging.

To meet the growth in demand for piping products Company has initiated steps not only to do brownfield expansion at existing manufacturing sites but also to put up new plants near Patna (Bihar) and Vijayawada (Andhra Pradesh).

The Company has 36 plastic piping Systems in the division and plans to add another 5 new systems viz. Acoustic PP Pipe System in collaboration with Poloplast GmbH of Austria, Polyethylene Gas Piping System, PERT Piping System, PE single wall corrugated Pipes, and Rainwater Harvesting System (Infiltration modules for ground recharge and storage) during the current year.

Bath fittings and Sanitaryware business has been established. Design center at Pune is working extensively for various new SKUs. Based on their initiatives, the SKU in this division will go up from 421 Nos to over 1000 nos by the end of this year.

The Company is putting up PVC Profile manufacturing with 5000 tons Annual capacity at newly acquired site at Kanpur Dehat along with Window making at the same site and also at Kharagpur.

The Business of Cross Laminated Film (XF) & Products had a nominal growth of 1 % in volume terms during the year under review. The below normal & erratic rains in several parts of the country adversely impacted the demand for tarpaulin resulting in de-growth in this product category. Company has introduced many new made-up products from XF film and was successful in acquiring customers by entering in additional world markets. Exports grew by 9 % over the previous year with a presence in 35 countries across the globe.

All the equipment’s for manufacturing Cross Plastics are in the final stages of installation & the trial production is likely to commence in 2nd Quarter 2024. Once the samples are approved by prospective customers the Company will launch this much awaited product in the Market."

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Supreme Industries Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Strong QoQ EPS Growth in recent results

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 5,579.9
R2 5,655.9
R3 5,710.8
Pivot

5,524.97

S1 5,449.0
S2 5,394.1
S3 5,318.1
EMA SMA
5,334.5
4,895.8
4,583.6
4,236.8
5,420.5
4,686.6
4,383.5
4,357.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BNP PARIBAS ARBITRAGE Bulk Purchase 2023-08-31 4358.32 8667 NSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-08-31 4438.13 2703348 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 2420.7 91250 NSE
Name Category Shares
MAHAVEER PRASAD TAPARIA PROMOTER 0.59%
SHIVRATAN TAPARIA PROMOTER 0.55%
Jovial Investment And Trading Company PrivateLimited PROMOTER 16.12%
Boon Investment And Trading Company Private Limited PROMOTER 16.11%
Venktesh Investment And Trading Company Private Limited PROMOTER 14.2%

OUR RESEARCH VIEW

Investment recommendation
Upbeat performance…
Call Date
30 Apr 2023
Entry Price 2,719.00
Target Price 3,200.00
Duration
12-18 Month
BUY

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Supreme Industries Ltd Stocks COMPARISON

Financials( in Cr) Supreme Industries Ltd Astral Ltd Finolex Industries Ltd Safari Industries (India) Ltd Responsive Industries Ltd
Price 5,504.00 2,101.55 310.90 1,975.85 309.80
% Change -0.21 -0.59 -3.46 -2.31 -0.11
Mcap Cr 69,915.66 56,453.31 19,290.63 9,635.63 8,259.55
Revenue TTM Cr 10,134.26 5,158.50 4,397.05 1,211.98 973.66
Net Profit TTM Cr 1,069.72 472.50 250.70 125.09 24.44
PE TTM 67.69 103.39 40.77 54.80 51.04
1 Year Return 95.56 17.25 73.83 47.22 102.62
ROCE 29.36 25.53 6.42 37.54 4.60
ROE 22.49 18.73 5.13 34.43 2.48
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,108.83 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,641.00 -26,315.30
LAST 3M 112,356.80 -35,490.78
LAST 6M 175,524.06 28,431.26
LAST 12M 275,282.89 115,769.27

Supreme Industries Ltd Information

Stock PE (TTM)
67.69
Promoter Holding
48.85%
Book Value
402.1846
ROCE
29.36%
ROE
22.49%
Registered Address

612 Raheja Chambers, Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-22851656/22820072/59-60
Email : investor:supreme.co.in; sil_narimanpoint:supreme.c
Website : http://www.supreme.co.in
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 509930
NSE Code : SUPREMEIND
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE195A01028

FAQ’s on Supreme Industries Ltd Shares

You can buy Supreme Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Supreme Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 03:59 PM the closing price of Supreme Industries Ltd was Rs.5,504.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 30, 2024 03:59 PM, the market cap of Supreme Industries Ltd stood at Rs. 69,915.66.

The latest PE ratio of Supreme Industries Ltd as of May 30, 2024 03:59 PM is 67.69

The latest PB ratio of Supreme Industries Ltd as of May 30, 2024 03:59 PM is 0.07

The 52-week high of Supreme Industries Ltd share price is Rs. 5,839.80 while the 52-week low is Rs. 2,727.80

According to analyst recommendations, Supreme Industries Ltd Share has a "Buy" rating for the long term.

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