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Supreme Industries

SUPREMEIND NSE
₹3,353.50 +53.50 (+1.62%)
P/E
41.26
View as Markdown
MCP
Close 4 Nov 2026 ₹3,353.50 −491.60 −12.8% 1Y
Start ₹3,845.10

Key Fundamentals

MidcapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
20.70%
Debt to Equity
0.01
EPS (TTM)
₹81.27
Book Value
₹503.33
Market Cap
—
P/E (TTM)
41.26
P/B
6.66
ROE
15.80%
Dividend Yield
0.36%
EBITDA
₹1,598 Cr
52W High
₹4,074.80
52W Low
₹3,127.00
Day Range
₹3,278.60 – ₹3,364.70
Volume
1,10,374

Peer Comparison

Industrials › Industrial Products › Plastic Products - Industrial

Supreme Industries peer comparison
Supreme Industries (this company)
₹3,353.5041.26₹42,083 Cr6.660.36%15.80%20.70%₹11,326 Cr₹1,033 Cr
Astral
₹1,423.7066.43₹37,224 Cr9.430.29%13.80%19.20%₹6,785 Cr₹576 Cr
Garware Hi-Tech Films
₹7,544.5045.19₹17,078 Cr6.030.16%13.50%18.10%₹2,258 Cr₹388 Cr
Kingfa Science & Technology
₹6,816.5040.93₹9,153 Cr6.600.30%17.40%23.20%₹2,222 Cr₹225 Cr
Finolex Industries
₹143.9514.51₹8,730 Cr1.181.99%8.57%11.80%₹3,954 Cr₹616 Cr
Time Technoplast
₹171.4216.94₹8,407 Cr2.070.90%13.10%16.50%₹6,445 Cr₹498 Cr
Prince Pipes & Fittings
₹297.7532.26₹3,136 Cr2.000.36%4.60%6.03%₹2,627 Cr₹103 Cr
Median 7 companies₹1,423.7040.93₹9,153 Cr6.030.36%13.50%18.10%₹3,954 Cr₹498 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
61
Good
Returns, margins, earnings quality 22% weight
Valuation
66
Strong
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
79
Strong
Solvency, leverage, coverage 9% weight
Momentum
18
Poor
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 42.8%

Weaknesses

1
  • Stock is trading at 7.45 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1072
OscillatorsBearish270
Moving AveragesStrong Bearish802

Key readings

RSI (14)
47.41
Neutral
MACD (12,26,9)
−63.46
Bearish
SMA (50)
3,463.74
Bearish
SMA (200)
3,572.40
Bearish

As of

Analyst Rating

Based on 28 analysts
BUY71%

20 of 28 analysts rate Buy, 6 Hold, 2 Sell.

As of

BUY
20
71%
HOLD
6
21%
SELL
2
7%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y+12.04%
3Y+6.83%
1Y+7.39%
TTM+8.71%

Net profit

Net profit growth by window
10YIrregular period
5Y−0.50%
3Y+3.32%
1Y−0.73%
TTM+16.07%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5Y−0.34%
3Y+11.24%
1Y+22.01%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y−6.36 pp
3Y+0.80 pp
1Y+0.13 pp
TTM+1.33 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4,462 Cr
Mar 2018₹4,969 Cr
Mar 2019₹5,612 Cr
Mar 2020₹5,512 Cr
Mar 2021₹6,355 Cr
Mar 2022₹7,773 Cr
Mar 2023₹9,202 Cr
Mar 2024₹10,134 Cr
Mar 2025₹10,446 Cr
Mar 2026₹11,218 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹430 Cr
Mar 2018₹432 Cr
Mar 2019₹449 Cr
Mar 2020₹467 Cr
Mar 2021₹978 Cr
Mar 2022₹968 Cr
Mar 2023₹865 Cr
Mar 2024₹1,070 Cr
Mar 2025₹961 Cr
Mar 2026₹954 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹452 Cr −3.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

Supreme Industries Ltd trades at ₹3,300 as of 2026-11-03 with a market cap of ₹41,206 crore, a P/E (TTM) of 40.61x, and a near-zero debt-to-equity ratio of 0.01. The company has delivered 14% compounded sales growth over 10 years and maintains a 10-year average ROE of 22%, though recent profit growth over 3- and 5-year periods has been subdued at 3% and -1% respectively.

Bull Case 8
  • Virtually debt-free balance sheet with a debt-to-equity ratio of just 0.01, providing significant financial flexibility and resilience during downturns.
  • Strong long-term revenue track record with 10-year compounded sales growth of 14%, indicating consistent demand for its products across cycles.
  • 10-year compounded profit growth of 15%, demonstrating an ability to translate top-line expansion into bottom-line gains over a full business cycle.
  • 10-year average ROE of 22% reflects efficient capital allocation and durable competitive advantages in the plastics piping and industrial products space.
  • Healthy dividend payout ratio of 42.8%, returning a meaningful share of earnings to shareholders while still retaining capital for growth.
  • TTM profit growth has rebounded to 16%, suggesting a potential recovery in earnings momentum after a period of stagnation.
  • ROCE of 19.93% as of 2026-11-03 indicates the company earns well above typical cost-of-capital benchmarks on its deployed capital.
  • Stock is trading roughly 19% below its 52-week high of ₹4,074.80, which may reflect a more accessible entry zone relative to its recent trading range.
Bear Case 6
  • P/E (TTM) of 40.61x is elevated, implying the market is pricing in substantial future growth that may already be reflected in the valuation.
  • 3-year compounded profit growth of just 3% and 5-year compounded profit growth of -1% indicate a prolonged period of earnings stagnation.
  • Stock price CAGR of -14% over the past 1 year and -8% over 3 years shows sustained underperformance and negative shareholder returns in recent periods.
  • 5-year average ROE has declined to 20% from the 10-year average of 22%, and the last year's ROE has further dropped to 16%, suggesting deteriorating return efficiency.
  • Dividend yield of only 0.37% as of 2026-11-03 offers minimal income support despite the healthy payout ratio, a consequence of the elevated stock valuation.
  • TTM sales growth of 9% lags the 10-year compounded rate of 14%, hinting at a potential deceleration in the company's top-line momentum.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Supreme Industries delivered strong Q2FY27 YoY growth with 59% profit increase and robust cash generation, but the stock faces near-term pressure from a significant EBITDA margin miss versus consensus and a meaningful cut to FY27 volume growth guidance. The CPVC segment remains a bright spot at 30.5% volume growth, and multi-year earnings CAGR projections of ~19.5% are intact. The key risk to monitor is whether H2 volume recovery can offset the weak H1 piping performance and restore confidence in management's revised targets.

Headwinds 3
  • Volume growth guidance cut Oct 27

    FY27 overall volume growth guidance lowered to ~10% from 12-13%, and plastic piping growth cut to 13% from 15-17%. H1 FY27 piping volume grew just 2%, far below the 15-17% target.

  • EBITDA margin misses consensus Oct 26

    Q2FY27 EBITDA margin came in at 12.8%, well below the 15% consensus expectation, dragged by a 10-15 day lag in passing on PVC/CPVC price hikes and sharp polyethylene cost increases.

  • Net profit declined sequentially Oct 26

    Despite strong YoY growth, net profit fell QoQ to ₹262.44 crore from ₹280.72 crore, signaling margin pressure in the September quarter.

Positives 5
  • Q2 profit surges 59% YoY Oct 26

    Consolidated net profit rose 59.3% YoY to ₹262.44 crore while revenue grew 40.4% to ₹3,361.27 crore, demonstrating strong operating leverage.

  • Operating cash flow triples Oct 26

    Net cash flow from operations surged to ₹621.72 crore in H1 FY27 from ₹230.03 crore a year ago, with cash reserves of ₹685.68 crore as of Sep 30, 2026.

  • CPVC volumes up 30.5% Oct 27

    CPVC volumes grew 30.5% YoY in H1 FY27 with further 3-7% price hikes announced, and Q2 piping volume growth recovered to 24%.

Neutral 2
  • FY27 capex of ₹7-7.5 billion Oct 27

    Company expects FY27 capex cash outflow of ₹7-7.5 billion, with greenfield and brownfield expansions progressing as planned.

  • Adequate raw material inventory Oct 27

    Company is maintaining adequate raw material inventories to mitigate import and shipping uncertainties amid geopolitical challenges.

Quarterly Results

₹ Cr
SUPREMEIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
2,369
2,309
2,449
3,008
2,636
2,273
2,510
3,027
2,609
2,394
2,687
3,528
2,718
3,361
Expenses
2,047
1,952
2,070
2,517
2,249
1,954
2,201
2,611
2,290
2,096
2,373
2,905
2,320
2,930
Operating Profit
322
356
379
491
387
319
309
416
319
297
314
623
398
431
OPM %
14%
15%
15%
16%
15%
14%
12%
14%
12%
12%
12%
18%
15%
13%
Other Income
36
37
42
59
59
43
31
45
42
30
13
60
82
38
Interest
2
2
5
8
3
3
3
3
3
6
11
9
4
3
Depreciation
72
72
77
77
86
90
91
91
93
104
110
121
122
122
PBT
283
319
338
465
357
270
245
367
265
218
206
553
354
344
Tax %
24%
24%
24%
24%
23%
23%
24%
20%
24%
24%
26%
22%
21%
24%
Net Profit
216
243
256
355
273
207
187
294
202
165
153
434
281
262
EPS (₹)
16.97
19.14
20.17
27.93
21.52
16.26
14.72
23.14
15.93
12.97
12.07
34.13
22.1
—

Sep 2026: from the results filed on 26 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SUPREMEIND profit and loss, annual, ₹ crore
Particulars Jun 2015Mar 2016 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,254
2,960
4,462
4,969
5,612
5,512
6,355
7,773
9,202
10,134
10,446
11,218
11,326
Expenses
3,588
2,498
3,700
4,182
4,827
4,676
5,071
6,531
8,002
8,587
9,015
9,664
9,694
Operating Profit
666
462
762
787
785
835
1,284
1,242
1,200
1,547
1,432
1,553
1,632
OPM %
16%
16%
17%
16%
14%
15%
20%
16%
13%
15%
14%
14%
14%
Other Income
5
−4
8
38
89
32
163
224
183
173
178
146
186
Interest
60
32
34
21
26
20
22
5
8
16
12
29
30
Depreciation
139
105
154
167
184
206
213
230
263
298
359
428
458
PBT
472
322
582
637
664
641
1,212
1,232
1,111
1,405
1,239
1,242
1,330
Tax %
34%
37%
35%
32%
32%
27%
19%
21%
22%
24%
22%
23%
—
Net Profit
322
221
430
432
449
467
978
968
865
1,070
961
954
1,032
EPS (₹)
25.38
17.43
33.88
33.99
35.32
36.8
77
76.24
68.12
84.21
75.64
75.1
81.27
Div. Payout %
35%
43%
44%
35%
37%
38%
29%
31%
38%
36%
45%
48%
—

Balance Sheet

₹ Cr
SUPREMEIND balance sheet, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25
25
25
25
25
25
25
25
25
25
25
25
Reserves
1,186
1,290
1,670
1,869
2,129
2,236
3,144
3,819
4,377
5,083
5,635
6,144
Borrowings
393
412
279
248
162
441
38
46
51
55
76
91
Other Liabilities
753
697
832
793
913
917
1,075
1,106
1,241
1,392
1,432
1,535
Total Liabilities
2,357
2,425
2,807
2,936
3,229
3,619
4,282
4,996
5,694
6,556
7,168
7,795
Fixed Assets
1,033
1,185
1,263
1,353
1,521
1,608
1,714
1,767
2,064
2,322
2,669
3,673
CWIP
100
68
47
75
90
93
51
156
84
149
407
136
Investments
121
126
175
194
222
207
337
476
577
638
720
762
Other Assets
1,104
1,046
1,322
1,314
1,396
1,711
2,180
2,597
2,969
3,447
3,372
3,223
Total Assets
2,357
2,425
2,807
2,936
3,229
3,619
4,282
4,996
5,694
6,556
7,168
7,795

Cash Flow

₹ Cr
SUPREMEIND cash flow, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
601
296
465
508
556
539
1,246
470
890
1,413
1,004
1,225
Investing
−186
−218
−202
−267
−240
−196
−199
−403
−345
−591
−798
−1,024
Financing
−260
−234
−210
−284
−316
−156
−506
−310
−327
−382
−440
−496
Net Cash Flow
155
−155
52
−43
0
188
542
−243
219
441
−234
−295
Free Cash Flow
407
65
255
226
230
300
1,025
4
469
866
116
416
CFO/EBITDA
112
91
83
92
103
84
115
61
94
112
91
95

Ratios

SUPREMEIND financial ratios, annual
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
20
29
23
28
25
21
22
22
20
18
19
16
Inventory Days
60
107
101
80
74
94
70
88
78
74
70
80
Days Payable
39
66
59
56
55
58
60
55
51
55
47
51
Cash Conversion Cycle
42
70
64
52
44
57
33
54
47
37
42
45
Working Capital Days
2
3
19
23
24
14
19
45
40
30
29
34
ROCE %
34%
22%
33%
32%
28%
26%
42%
35%
26%
29%
22%
21%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Supreme Industries insights

64 extracted metrics across FY04–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 48.96%
  • DIIs 19.71%
  • FIIs 16.57%
  • Public 12.06%
  • Others 2.69%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Supreme Industries

What does Supreme Industries Ltd do?
Supreme Industries Limited is India’s leading plastics product manufacturer, offering a wide and comprehensive range of plastic products in India. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products…
Where is Supreme Industries Ltd (SUPREMEIND) listed?
Supreme Industries Ltd trades as SUPREMEIND on the NSE and under code 509930 on the BSE.
Which sector does Supreme Industries Ltd belong to?
Supreme Industries Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the PE ratio of Supreme Industries Ltd?
Supreme Industries Ltd trades at a PE ratio of 41.26 as of 4 Nov 2026, on earnings per share of ₹81.27, against a book value of ₹503.33 per share.
What is the 52-week high and low of Supreme Industries Ltd?
Over the last 52 weeks Supreme Industries Ltd has traded between ₹3,127 and ₹4,074.8 as of 4 Nov 2026.
Does Supreme Industries Ltd pay dividends?
Supreme Industries Ltd has a dividend yield of 0.36%.
What is the Return on Equity (ROE) of Supreme Industries Ltd?
Supreme Industries Ltd reported a return on equity of 15.80%. Its debt-to-equity ratio is 0.01.

Company Information

Supreme Industries Limited is India’s leading plastics product manufacturer, offering a wide and comprehensive range of plastic products in India. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products, Industrial Moulded Components, Moulded Furniture, Storage & Material Handling Products, Performance Packaging Films and Composite LPG Cylinders.

Website supreme.co.in
CEO Mr. Mahavirprasad Surajmal Taparia B.A.
Employees 5,374
Listed 19 Jul 1995
Face Value ₹2

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