Supreme Industries Ltd
Supreme Industries Ltd
Industrials F&OSupreme 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]
Supreme Industries is a quality compounder with near-zero debt and strong 10-year sales CAGR of 14%, but current valuation at 47x PE and 7.26x PB is stretched given that profit growth has slowed to just 1% TTM. The 74% analyst buy consensus suggests long-term structural story remains intact, but near-term risk-reward is unfavorable after a -21% one-year stock decline.
Key Fundamentals
MidcapPlastic Products - IndustrialIndustrial ProductsTechnical Indicators
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 7.33 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Supreme Industries is a quality compounder with near-zero debt and strong 10-year sales CAGR of 14%, but current valuation at 47x PE and 7.26x PB is stretched given that profit growth has slowed to just 1% TTM. The 74% analyst buy consensus suggests long-term structural story remains intact, but near-term risk-reward is unfavorable after a -21% one-year stock decline.
- Company is almost debt free, giving it significant financial flexibility and resilience during economic downturns
- Strong 10-year compounded sales CAGR of 14% demonstrates consistent top-line execution and market share gains in plastics piping
- 10-year compounded profit CAGR of 15% shows long-term earnings power despite recent slowdown
- Healthy dividend payout of 42.8% with 1.02% yield signals shareholder-friendly capital allocation and cash flow confidence
- 74% of 27 analysts rate the stock a Buy, reflecting strong institutional conviction in the long-term growth thesis
- 5-year ROE average of 20% and 10-year ROE of 22% indicate a fundamentally high-quality business with durable competitive advantages
- 10-year stock CAGR of 15% demonstrates long-term wealth creation track record for patient investors
- PE ratio of 47x is significantly expensive relative to tepid TTM profit growth of just 1%, implying a PEG ratio well above 5x
- Price-to-book of 7.26x is elevated and leaves limited margin of safety if growth disappoints further
- Stock has declined 21% over the past one year, indicating sustained selling pressure and broken momentum
- TTM sales growth has decelerated sharply to 7% from the 5-year CAGR of 12%, signaling volume or pricing headwinds
- 5-year compounded profit CAGR is negative at -1%, revealing significant earnings volatility and margin pressure over the medium term
- ROE has deteriorated from 22% (10-year) to 16% last year, suggesting declining return on incremental capital deployed
- Only 3-year stock CAGR of 4% versus 10-year CAGR of 15% shows severe recent underperformance and multiple de-rating
- 14.81% of analysts (4 out of 27) have a Sell rating, which is relatively high for a large-cap quality name and flags near-term concerns
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- One worker fatality in FY26 Jun 5
BRSR report disclosed one worker fatality during FY26, indicating workplace safety concerns that could attract regulatory scrutiny.
- Strong FY26 profit and revenue Jun 1
Net profit reached ₹911.29 crore for FY26 with total income rising to ₹11,320.33 crore. Board recommended a final dividend of ₹25 per share.
- Renewable energy mix at 24.58% Jun 5
BRSR filing shows renewable energy mix of 24.58% for FY26, reflecting progress on sustainability commitments.
- AGM scheduled for July 3 Jun 12
Supreme Industries announced its 84th AGM on July 3, 2026 via video conference, with ₹25 per share final dividend on agenda.
- ₹18.20 Cr block trade on NSE May 29
Block trade of approximately 50,319 shares executed at ₹3,616.00 per share on NSE, valued at ₹18.20 crore, suggesting institutional participation.
TL;DR: Supreme Industries delivered a solid FY26 with ₹911.29 crore net profit and ₹11,320.33 crore total income, supporting a healthy ₹25 per share dividend. The sustainability profile is improving with nearly 25% renewable energy mix, though a worker fatality flags safety risks. No major headwinds are visible in recent news flow, and institutional block trade activity suggests continued market interest. The trend appears stable-to-positive heading into the July AGM.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,598 | 2,369 | 2,309 | 2,449 | 3,008 | 2,636 | 2,273 | 2,510 | 3,027 | 2,609 | 2,394 | 2,687 | 3,528 |
| Expenses | 2,118 | 2,047 | 1,952 | 2,070 | 2,517 | 2,249 | 1,954 | 2,201 | 2,611 | 2,290 | 2,096 | 2,373 | 2,905 |
| Operating Profit | 480 | 322 | 356 | 379 | 491 | 387 | 319 | 309 | 416 | 319 | 297 | 314 | 623 |
| OPM % | 18% | 14% | 15% | 15% | 16% | 15% | 14% | 12% | 14% | 12% | 12% | 12% | 18% |
| Other Income | 61 | 36 | 37 | 42 | 59 | 59 | 43 | 31 | 45 | 42 | 30 | 13 | 60 |
| Interest | 4 | 2 | 2 | 5 | 8 | 3 | 3 | 3 | 3 | 3 | 6 | 11 | 9 |
| Depreciation | 72 | 72 | 72 | 77 | 77 | 86 | 90 | 91 | 91 | 93 | 104 | 110 | 121 |
| PBT | 465 | 283 | 319 | 338 | 465 | 357 | 270 | 245 | 367 | 265 | 218 | 206 | 553 |
| Tax % | 23% | 24% | 24% | 24% | 24% | 23% | 23% | 24% | 20% | 24% | 24% | 26% | 22% |
| Net Profit | 359 | 216 | 243 | 256 | 355 | 273 | 207 | 187 | 294 | 202 | 165 | 153 | 434 |
| EPS in Rs | 28.3 | 16.97 | 19.14 | 20.17 | 27.93 | 21.52 | 16.26 | 14.72 | 23.14 | 15.93 | 12.97 | 12.07 | 34.13 |
Profit & Loss
| Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Profit | 666 | 462 | 762 | 787 | 785 | 835 | 1,284 | 1,242 | 1,200 | 1,547 | 1,432 | 1,553 |
| OPM % | 16% | 16% | 17% | 16% | 14% | 15% | 20% | 16% | 13% | 15% | 14% | 14% |
| Other Income | 5 | -4 | 8 | 38 | 89 | 32 | 163 | 224 | 183 | 173 | 178 | 146 |
| Interest | 60 | 32 | 34 | 21 | 26 | 20 | 22 | 5 | 8 | 16 | 12 | 29 |
| Depreciation | 139 | 105 | 154 | 167 | 184 | 206 | 213 | 230 | 263 | 298 | 359 | 428 |
| PBT | 472 | 322 | 582 | 637 | 664 | 641 | 1,212 | 1,232 | 1,111 | 1,405 | 1,239 | 1,242 |
| 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 |
| 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 |
| Div. Payout % | 35% | 43% | 44% | 35% | 37% | 38% | 29% | 31% | 38% | 36% | 45% | 48% |
Balance Sheet
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
Frequently Asked Questions about Supreme Industries Ltd
What does Supreme Industries Ltd do?
Where is Supreme Industries Ltd (SUPREMEIND) listed?
Which sector does Supreme Industries Ltd belong to?
What is the market capitalisation of Supreme Industries Ltd?
What is the PE ratio of Supreme Industries Ltd?
What is the 52-week high and low of Supreme Industries Ltd?
Does Supreme Industries Ltd pay dividends?
What is the Return on Equity (ROE) of Supreme Industries Ltd?
How can I research Supreme Industries Ltd on Tapetide?
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]