Supreme Industries logo

Supreme Industries

SUPREMEIND NSE

Key Fundamentals

MidcapPlastic Products - IndustrialIndustrial Products
Market Cap
₹43,419 Cr
Volatility
Moderate
P/E Ratio
41.4
EBITDA
₹1,598 Cr
Return on Equity
15.46%
Debt to Equity
0.01
Book Value
₹485.65
EPS
₹88.76
52W High
₹4,632
52W Low
₹3,140

Tapetide Score

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

Key Insights

Strengths

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

Growth Rate

Revenue Growth
7.22% higher than 3Y
Net Income Growth
-0.72% lower than 3Y
Cash Flow Change
22.02% higher than 3Y
ROE
-8.95% lower than 3Y
ROCE
-6.74% higher than 3Y
EBITDA Margin (Avg.)
0.07% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2h ago
AI opinion · based on fundamentals
Risk medium

Supreme Industries Ltd, a leading Indian plastic piping and packaging company, trades at a market cap of ₹43,419 Cr with a P/E of 43.1x and P/B of 7.21x. The company is almost debt-free and has delivered 14% compounded sales CAGR over 10 years, though its stock has declined 26% over the past year and ROE has moderated from a 10-year average of 22% to 16% in the last year.

Bull Case 7
  • Near debt-free balance sheet provides financial resilience and flexibility for capacity expansion without dilution or interest burden
  • Strong long-term sales track record with 14% compounded sales CAGR over 10 years and 12% over 5 years, indicating durable demand for its products
  • Consistent 15% compounded profit CAGR over 10 years demonstrates the ability to grow earnings through multiple business cycles
  • Healthy dividend payout of 42.8% with a 1.03% dividend yield signals shareholder-friendly capital allocation and cash generation confidence
  • TTM sales growth of 9% and TTM profit growth of 16% show recent re-acceleration in earnings after a softer period, with profit growth outpacing revenue growth
  • 5-year ROE average of 20% and 10-year ROE average of 22% reflect structurally high returns on capital deployed in the business
  • India's plastic pipes industry benefits from long-term secular tailwinds including government infrastructure spending on water supply, irrigation, and housing
Bear Case 8
  • P/E of 43.1x and P/B of 7.21x represent premium valuations that leave limited margin of safety if growth disappoints
  • Stock has declined 26% over the past 1 year and delivered a negative 8% CAGR over 3 years, indicating sustained underperformance
  • ROE has deteriorated from a 10-year average of 22% to 16% in the last year, a 600 basis point decline suggesting margin or capital efficiency pressure
  • Compounded profit CAGR of just 3% over 3 years and negative 1% over 5 years points to a prolonged earnings stagnation phase
  • 3-year compounded sales CAGR of only 7% is a meaningful deceleration from the 10-year rate of 14%, raising questions about sustainable growth trajectory
  • PVC resin is a key raw material subject to global commodity price volatility, which can compress margins in periods of sharp input cost increases
  • Increasing competition from organized players like Astral, Prince Pipes, and Finolex Industries in the plastic piping space could pressure pricing and market share
  • At 43.1x P/E with 16% TTM profit growth, the PEG ratio is approximately 2.7x, suggesting the stock is priced well ahead of its current earnings growth rate

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 6
  • Nuvama upgrades to Buy Aug 17

    Nuvama upgraded Supreme Industries to 'Buy' from 'Hold' and raised the target price to ₹4,087 from ₹3,777, citing strong volume recovery and healthy margins with MIP downside protection.

  • Net profit up 17% YoY Aug 17

    Consolidated net profit for Q1 FY27 grew to ₹207.67 crore from ₹177.12 crore in Q1 FY26, with EPS of ₹22.10. Revenue rose to ₹2,717.66 crore from ₹2,609.21 crore.

  • Aggressive ₹1,000 crore capex plan Aug 17

    Supreme Industries committed ₹500 crore in capex for FY27 with aspirations to spend up to ₹1,000 crore across new plants at Gadegaon, Patna, Jammu, brownfield expansions, and land acquisitions in Pondicherry and Erode.

  • Debt-free with strong dividends Aug 17

    The company maintains a zero debt-to-equity ratio as of March 2026 and declared a final dividend of ₹25/share (1250%) effective June 25, 2026, plus an interim dividend of ₹11/share in November 2025.

  • RoCE expansion to 24% by FY28 Aug 17

    Nuvama raised FY27E/FY28E/FY29E EPS estimates by 11%/10%/7% and expects RoCE to improve from ~20% in FY26 to ~24% by FY28E on higher operating leverage and value-added product mix.

  • 15-17% pipe volume growth target Aug 19

    Supreme Industries targets 15-17% volume growth in plastic pipes and 12-13% overall growth for FY27, while maintaining EBITDA margin guidance of 14-14.5%.

Neutral 1
  • Promoter acquires shares via transmission Sep 04

    Vijay Kumar Taparia acquired 3,17,398 equity shares through transmission from the late Shri Bajranglal Taparia, raising his stake to 0.44%. No change in overall promoter holding.

TL;DR: Supreme Industries is firing on multiple cylinders — strong Q1 FY27 earnings growth, a debt-free balance sheet, aggressive capex plans, and a brokerage upgrade with raised EPS estimates. The company's 15-17% pipe volume growth target and improving RoCE trajectory signal confidence in the medium term. No material headwinds are visible currently, though PVC price volatility remains an ongoing watch item. The trend is clearly improving with expanding margins, rising analyst conviction, and capacity additions set to drive the next leg of growth.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
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
Operating Profit
322
356
379
491
387
319
309
416
319
297
314
623
398
OPM %
14%
15%
15%
16%
15%
14%
12%
14%
12%
12%
12%
18%
15%
Other Income
36
37
42
59
59
43
31
45
42
30
13
60
82
Interest
2
2
5
8
3
3
3
3
3
6
11
9
4
Depreciation
72
72
77
77
86
90
91
91
93
104
110
121
122
PBT
283
319
338
465
357
270
245
367
265
218
206
553
354
Tax %
24%
24%
24%
24%
23%
23%
24%
20%
24%
24%
26%
22%
21%
Net Profit
216
243
256
355
273
207
187
294
202
165
153
434
281
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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/OP
112
91
83
92
103
84
115
61
94
112
91
95
Figures in ₹ Crores

Ratios

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

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Shareholding Pattern

Others2.60%Govt.0.10%Promot.48.96%Public12.28%FIIs17.08%DIIs18.98%As ofJun 2026

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, Indust...
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 Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Supreme Industries Ltd?
Supreme Industries Ltd has a market capitalisation of ₹43,419 Cr, which places it in the Large Cap band.
What is the PE ratio of Supreme Industries Ltd?
Supreme Industries Ltd trades at a PE ratio of 41.40, on earnings per share of ₹88.76, against a book value of ₹485.65 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 ₹3,140 and ₹4,632.
Does Supreme Industries Ltd pay dividends?
Supreme Industries Ltd has a dividend yield of 1.03%.
What is the Return on Equity (ROE) of Supreme Industries Ltd?
Supreme Industries Ltd reported a return on equity of 15.46%. 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.[1]

Website supreme.co.in
CEO Mr. Mahavirprasad Surajmal Taparia B.A.
Employees 5,374
Listed 1995-07-19
Face Value ₹ 2
Issued Size 12,70,26,870

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