Supreme Industries Limited (SUPREMEIND)
🎯 Key Takeaways
- Supreme Industries is in a strategic transition phase, shifting focus from volume-driven growth to value-added and export-oriented segments amid industry headwinds. Management is prioritizing margin resilience and capex-led expansion to position for long-term recovery, despite near-term volume softness in core piping businesses.
- Revenue grew 10.4% QoQ to ₹2,510 in Q3FY25.
- ⚠️ Sustained volume softness in plastic piping, which declined 15% YoY in Q1 FY27, could pressure top-line growth if not offset by value-added segments.
📖 The Story
Supreme Industries is in a strategic transition phase, shifting focus from volume-driven growth to value-added and export-oriented segments amid industry headwinds. Management is prioritizing margin resilience and capex-led expansion to position for long-term recovery, despite near-term volume softness in core piping businesses.
📰 What's Happening
In Q1 FY27, Supreme Industries reported 4% YoY revenue growth to ₹1,142 crores, driven by 9% growth in packaging and 24% in industrial products, offset by a 15% volume decline in plastic piping. PAT rose 17% YoY to ₹208 crores, supported by 25% operating profit growth. Management cited stabilized polymer prices, new import duties, and FTAs as tailwinds, with volume growth guidance of 15%-17% for piping and 12%-13% overall for FY27. Capex of ₹500 crores was deployed toward a ₹1,000 crores annual target. Earlier filings show Q1 FY27 standalone revenue of ₹2,726.79 crores and consolidated revenue of ₹73.05 crores net profit, with PAT up 17.14% YoY to ₹207.76 crores and cash surplus at ₹542 crores as of June 30, 2026.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,598 | 2,369 | 2,309 | 2,449 | 3,008 | 2,636 | 2,273 | 2,510 |
| Operating Profit | 492 | 336 | 369 | 400 | 509 | 409 | 334 | 318 |
| OPM % | 18.5% | 13.6% | 15.4% | 15.5% | 16.3% | 14.7% | 14.0% | 12.3% |
| Net Profit | 359 | 216 | 243 | 256 | 355 | 273 | 207 | 187 |
| EPS | ₹28.30 | ₹16.97 | ₹19.14 | ₹20.17 | ₹27.93 | ₹21.52 | ₹16.26 | ₹14.72 |
Operating margins have compressed from a peak of 18.5% in Q4FY23 to 14.7% in Q1FY25, reflecting margin pressure from volume declines and pricing dynamics, though management maintains EBITDA margin guidance of 14%-14.5% for FY27. Net profit and EPS peaked in Q4FY23 (₹355 crores, ₹27.93 EPS) but have declined sequentially, with Q1FY25 EPS at ₹14.72. Despite this, PAT grew 17% YoY in Q1 FY27, indicating improved cost control and profitability resilience. The company is navigating a structural shift where value-added segments are offsetting volume weakness in traditional markets.
🔮 Management Outlook & What's Next
Management expects improved momentum in coming quarters due to polymer price stabilization, implementation of MIP (Metal Import Policy), and FTAs, which are expected to support demand recovery and normalize inventories. Volume growth guidance for FY27 remains targeted at 15%-17% for plastic piping and 12%-13% overall, with EBITDA margin guidance held steady at 14%-14.5%. The focus is on expanding high-value segments and export markets, with capex deployment accelerating toward the ₹1,000 crores annual target to enhance capacity in plastic piping and material handling.
Extracted from official company announcements. Not StockFin.ai's opinion.
⚖️ Peer Comparison — Industrial Products
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| Cummins India Limited | 1.49 L Cr | 74.4 | — | — | — |
| Polycab India Limited | 1.38 L Cr | 74.8 | — | — | — |
| APL Apollo Tubes Limited | 52,483 | 43.6 | 29.3% | 22.7% | 0.09 |
| KEI Industries Limited | 48,924 | 72.7 | — | — | — |
| Supreme Industries Limited | 44,570 | 43.6 | — | — | — |
| Astral Limited | 41,662 | 79.2 | — | — | — |
| AIA Engineering Limited | 35,987 | 31.0 | 20.4% | 16.8% | 0.07 |
| Welspun Corp Limited | 34,530 | 23.2 | — | — | — |
| Timken India Limited | 26,561 | 61.0 | — | — | — |
| Kirloskar Oil Engines Limited | 25,295 | 49.8 | — | — | — |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Sustained volume softness in plastic piping, which declined 15% YoY in Q1 FY27, could pressure top-line growth if not offset by value-added segments. 2. Margin resilience depends on polymer price stability and successful implementation of MIP and FTAs, which are externally dependent. 3. Capex execution risk exists as the company targets ₹1,000 crores annual investment, requiring disciplined cash flow management amid declining cash surplus. 4. Geopolitical and trade policy volatility could impact export momentum and input cost structures.
📋 Recent Filings
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🔴 Financial Results 3 August 2026Supreme Industries reported Q1 FY27 revenue growth of 4% YoY to INR1,142 crores, driven by value-added segments, with operating profit up 25% and PAT ...
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🔴 Financial Results 28 July 2026Supreme Industries reported a 3.83% YoY rise in total income to **₹2,726.79 crores** for Q1 FY27, driven by a 24.73% increase in operating profit to *...
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Announcement 28 July 2026Supreme Industries reported Q1 FY27 revenue of ₹2,718 crores, a 4% YoY increase, with EBITDA at ₹398 crores reflecting 24.73% YoY growth. The company ...
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🟡 Board Meeting 28 July 2026The Board of Directors of Supreme Industries Limited approved the un-audited financial results for Q1 FY2026 ending June 30, 2026, and reviewed the co...
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Announcement 23 July 2026Supreme Industries announced a conference call for analysts and investors on Tuesday, 28 July 2026 at 16:00 hrs IST to discuss Q1FY27 earnings followi...
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Announcement 17 July 2026No summary available
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share transfer 10 July 2026Supreme Industries received SEBI-registered share transfer agent certificates confirming dematerialized securities up to June 30, 2026 were accepted a...
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🟡 Board Meeting 4 July 2026Supreme Industries Limited announced that all resolutions at its 84th Annual General Meeting held on 3 July 2026 were passed with requisite majority. ...
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🟡 Board Meeting 3 July 2026Supreme Industries held its 84th Annual General Meeting on 3 July 2026 via video conference, attended by all directors including Chairman M.P. Taparia...
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🔴 annual report 3 July 2026The Chairman honored the late B.L. Taparia, a visionary leader who shaped Supreme Industries for five decades, while reporting FY2026 results showing ...
🧠 Analyst's Read
Supreme Industries is navigating a pivotal transition where margin discipline and strategic capex must offset volume headwinds to deliver sustainable growth. Investors should monitor execution of expansion plans, pace of order intake in export markets, and management's ability to stabilize input costs in the next few quarters.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-04.
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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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