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Supreme Petrochem

SPLPETRO NSE

Key Fundamentals

SmallcapPetrochemicalsChemicals
Market Cap
₹14,850 Cr
Volatility
Moderate
P/E Ratio
30.4
EBITDA
₹565 Cr
Return on Equity
13.88%
Debt to Equity
0.05
Book Value
₹126.15
EPS
₹21.23
52W High
₹899
52W Low
₹462.3

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 52.4%

Weaknesses

1
  • The company has delivered a poor sales growth of 10.9% over past five years.

Growth Rate

Revenue Growth
-3% lower than 3Y
Net Income Growth
40% higher than 3Y
ROE
—
ROCE
—
EBITDA Margin (Avg.)
—

AI Analysis — Bull vs Bear

2d ago
AI opinion · based on fundamentals
Risk medium

Supreme Petrochem, India's largest polystyrene maker, has a market cap of about Rs 15,987 Cr and trades at a P/E of 32.4 and P/B of 6.63. TTM profit is up 40%, but TTM sales are down 3%. Over 3 years, sales are flat and profit has fallen 12% a year. The company is almost debt free and pays out 52.4% of profits as dividends, while ROE has dropped from 24% over 10 years to 14% last year.

Bull Case 7
  • The balance sheet is almost debt free. That limits financial risk in a cyclical commodity-chemicals business and leaves room to fund capacity growth without heavy borrowing.
  • TTM profit grew 40%, which suggests margins are recovering after the post-2022 downturn in styrene and polystyrene spreads.
  • The company pays out 52.4% of profits as dividends, and the dividend yield is 1.26%. That shows a steady policy of returning cash to shareholders.
  • Profit has compounded at 19% a year over 10 years, against 10% sales growth. Long-cycle earnings growth has outpaced revenue.
  • ROE has averaged 24% over 10 years and 23% over 5 years, which shows strong returns on capital across a full cycle.
  • The stock has returned a 23% CAGR over 10 years and 18% over 5 years, a long record of creating shareholder value.
  • Sales have grown at an 11% CAGR over 5 years. Domestic demand for polystyrene, ABS and EPS from appliances, packaging and construction supports volume growth.
Bear Case 7
  • Sales growth has stalled: 0% CAGR over 3 years and -3% TTM. Revenue has not grown in the recent cycle.
  • Profit has fallen at a 12% CAGR over 3 years and 7% over 5 years. The 40% TTM rebound comes off a depressed base.
  • The stock trades at a P/E of 32.4 and P/B of 6.63, which is high for a commodity-linked chemicals business with flat 3-year sales.
  • ROE has fallen from a 10-year average of 24% to 14% last year and a 3-year average of 16%. Capital efficiency is weakening.
  • The stock returned 0% over the last year, which suggests the market has already reflected the earnings recovery or doubts that it will last.
  • The company's main raw material is styrene monomer, much of it imported. Earnings are exposed to swings in crude-linked feedstock prices and the rupee, which helps explain the -12% 3-year profit CAGR.
  • The dividend yield is only 1.26% at a Rs 15,987 Cr market cap, even with a 52.4% payout. It offers little valuation support if earnings disappoint.

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

AI News Digest

4d ago
Headwinds 4
  • No FY27 volume guidance Aug 31

    In July, the company chose not to give FY27 volume growth guidance. It cited the ongoing West Asia conflict, which disrupted raw material prices, exports and demand.

  • Styrene price, supply volatility Aug 31

    Executive Director Rakesh Nayyar said volatile styrene prices and global supply chains made demand hard to forecast. The company is focusing on supplying domestic demand while it watches the market.

  • Weak 12-month performance Aug 31

    The stock is down more than 5% over the trailing 12 months and trades well below its 52-week high of ₹979. The article says it is about 33% below that high, but a price of about ₹732 would put it roughly 25% below.

  • Recent choppy price action Aug 31

    Before this rally, the stock closed lower in 6 of its last 10 trading sessions, which suggests short-term momentum was weak.

Positives 4
  • 4.5% jump on 14.8x volume Aug 31

    Shares rose more than 4.5% intraday from a previous close of ₹700.85. More than 8 lakh shares traded by mid-morning, about 14.82 times the 10-day average.

  • ₹325 cr capacity expansion on track Aug 31

    The company is going ahead with a ₹325 crore polystyrene capacity expansion at its Amdoshi complex in Maharashtra. Completion is scheduled for December 2028.

  • 14% YTD gain Aug 31

    The stock is up more than 14% since the start of the year and trades more than 58% above its 52-week low of ₹462.30.

  • Strong promoter holding Aug 31

    Promoters held 64.24% of the company as of June 2026, a sign of strong promoter commitment.

Neutral 2
  • Low institutional ownership Aug 31

    Domestic institutional investors held 4.23% and foreign institutional investors held 3.80% as of June 2026. Public shareholders held 27.73%.

  • Market cap ₹13,896 crore Aug 31

    The Mumbai-based polystyrene and styrenic polymers maker, operating since 1995, has a market capitalization of ₹13,896.26 crore.

TL;DR: Supreme Petrochem jumped 4.5% on volume about 14.8 times normal, adding to a 14% YTD gain, and the ₹325 crore expansion shows management is still investing for growth. The stock is still down more than 5% over 12 months and well below its ₹979 high. The lack of FY27 volume guidance and volatile styrene prices tied to the West Asia conflict make near-term earnings hard to predict. The trend looks better in the short term, but a lasting re-rating likely depends on raw material prices settling and export demand recovering.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,225
1,278
1,188
1,563
1,573
1,506
1,405
1,539
1,387
1,100
1,265
1,587
1,693
Expenses
1,135
1,171
1,093
1,388
1,412
1,380
1,306
1,394
1,272
1,023
1,195
1,334
1,362
Operating Profit
90
106
95
175
161
125
99
145
115
78
69
253
331
OPM %
7%
8%
8%
11%
10%
8%
7%
9%
8%
7%
5%
16%
20%
Other Income
18
16
16
19
23
17
17
19
15
9
2
8
17
Interest
1
2
3
2
3
3
3
3
3
3
4
4
3
Depreciation
14
14
15
16
16
17
17
17
18
18
27
28
28
PBT
94
106
92
177
164
122
96
143
109
65
40
229
317
Tax %
26%
26%
27%
26%
26%
26%
26%
25%
25%
26%
25%
27%
25%
Net Profit
69
78
68
132
122
90
71
107
81
48
30
168
236
EPS in Rs
3.68
4.15
3.6
6.99
6.49
4.8
3.79
5.68
4.3
2.56
1.6
8.94
12.57
Figures in ₹ Crores

Profit & Loss

Particulars Jun 2015Mar 2016 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,653
2,068
2,919
3,027
3,194
2,724
3,185
5,032
5,287
5,253
6,023
5,338
5,645
Expenses
2,559
1,964
2,621
2,830
3,100
2,576
2,511
4,126
4,626
4,780
5,488
4,820
4,914
Operating Profit
93
104
297
196
93
148
674
907
661
473
535
519
731
OPM %
3.5%
5%
10%
6%
2.9%
5%
21%
18%
12%
9%
9%
10%
13%
Other Income
3
3
7
8
10
12
16
30
59
65
73
33
36
Interest
17
5
5
5
4
6
7
7
6
10
15
17
14
Depreciation
24
17
22
21
23
36
39
42
47
59
68
91
101
PBT
56
85
278
179
76
118
644
888
667
468
525
443
651
Tax %
37%
33%
35%
35%
35%
13%
26%
25%
25%
26%
26%
26%
—
Net Profit
36
57
179
116
49
103
477
663
498
346
391
327
483
EPS in Rs
1.85
2.96
9.3
6.02
2.55
5.32
25.4
35.28
26.49
18.43
20.77
17.41
25.67
Div. Payout %
41%
51%
24%
37%
59%
52%
30%
22%
42%
49%
48%
60%
—
Figures in ₹ Crores

Balance Sheet

Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
96
96
96
96
96
96
94
38
38
38
38
38
Reserves
280
318
486
549
546
577
971
1,478
1,806
1,982
2,194
2,333
Borrowings
0
0
0
0
0
29
41
37
17
114
130
126
Other Liabilities
505
523
548
650
578
552
649
725
870
932
1,087
970
Total Liabilities
881
938
1,130
1,296
1,221
1,255
1,755
2,278
2,731
3,065
3,448
3,467
Fixed Assets
345
333
337
333
331
371
359
337
527
769
813
1,474
CWIP
4
10
13
10
24
8
9
179
108
233
582
74
Investments
0
0
0
111
251
135
470
484
563
572
435
324
Other Assets
532
595
780
842
615
741
917
1,279
1,534
1,492
1,618
1,594
Total Assets
881
938
1,130
1,296
1,221
1,255
1,755
2,278
2,731
3,065
3,448
3,467
Figures in ₹ Crores

Cash Flow

Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
80
84
69
213
133
120
435
672
304
557
342
246
Investing
-5
-5
-25
-15
-27
-8
-64
-140
-147
-182
-330
-190
Financing
-66
-40
-16
-57
-56
-90
-104
-178
-194
-197
-212
-228
Net Cash Flow
9
39
27
141
50
22
266
354
-37
178
-201
-171
Free Cash Flow
73
77
41
194
101
104
413
509
98
245
-36
37
CFO/OP
96
117
53
140
167
107
89
99
72
140
87
67
Figures in ₹ Crores

Ratios

Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
33
50
38
36
33
33
44
30
25
27
24
34
Inventory Days
29
37
46
44
31
40
51
29
55
39
50
51
Days Payable
61
83
65
80
60
74
90
50
66
66
66
65
Cash Conversion Cycle
1
3
19
0
3
0
4
8
14
0
8
20
Working Capital Days
3
8
22
12
5
5
19
8
19
1
4
15
ROCE %
19%
22%
57%
30%
12%
18%
72%
66%
37%
22%
23%
19%

Insights

Beta

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

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Shareholding Pattern

FIIs3.80%Govt.0.09%Promot.64.24%DIIs4.14%Others6.13%Public21.59%As ofJun 2026

Documents

Frequently Asked Questions about Supreme Petrochem

What does Supreme Petrochem Ltd do?
Supreme Petrochem Ltd (SPL) is a petrochemical company engaged in the business of manufacturing Polystyrene, Compounds of Styrenics and other Polymers. [1]
Where is Supreme Petrochem Ltd (SPLPETRO) listed?
Supreme Petrochem Ltd trades as SPLPETRO on the NSE and under code 500405 on the BSE.
Which sector does Supreme Petrochem Ltd belong to?
Supreme Petrochem Ltd is classified under the Chemicals sector, in the Petrochemicals industry.
What is the market capitalisation of Supreme Petrochem Ltd?
Supreme Petrochem Ltd has a market capitalisation of ₹14,850 Cr, which places it in the Mid Cap band.
What is the PE ratio of Supreme Petrochem Ltd?
Supreme Petrochem Ltd trades at a PE ratio of 30.40, on earnings per share of ₹21.23, against a book value of ₹126.15 per share.
What is the 52-week high and low of Supreme Petrochem Ltd?
Over the last 52 weeks Supreme Petrochem Ltd has traded between ₹462.3 and ₹899.
Does Supreme Petrochem Ltd pay dividends?
Supreme Petrochem Ltd has a dividend yield of 1.30%.
What is the Return on Equity (ROE) of Supreme Petrochem Ltd?
Supreme Petrochem Ltd reported a return on equity of 13.88%. Its debt-to-equity ratio is 0.05.

Company Information

Supreme Petrochem Ltd (SPL) is a petrochemical company engaged in the business of manufacturing Polystyrene, Compounds of Styrenics and other Polymers. [1]

Website supremepetrochem.com
CEO Mr. Kiran Vasant Mujumdar
Employees 423
Listed 2022-05-24
Face Value ₹ 2
Issued Size 18,80,41,342

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