Supreme Petrochem Limited (SPLPETRO)

Large Cap

Supreme Petrochem Limited manufactures polystyrene and other styrenic products. It operates an ABS plant and is expanding its EPS capacity. The company focuses on both OEM and non-OEM segments, maintaining a debt-free balance sheet and funding capex through internal accruals.

₹743.5

-18.20 · -2.39%

Market cap ₹14,323 Cr

IndicesNifty 500

ThemesManufacturing

Data qualityFresh enough for analysisQuote updated 21 Oct, 03:15 pm IST

Details

Quote21 Oct, 03:15 pm IST

Base fundamentals20 Oct 2026 · screener

Latest result28 Jul, 12:19 am IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags15 Aug 2026

Coverage13/14 · 93%

Valuation2026-07-20 · Rf 6.8% · Chemicals P/E 33.1 (n=45)

Technical timing lens

Trend score and candlestick chart

55Neutral

SMA20 +7.0% / mo · MACD − · sector -4.2pp vs Nifty 500 (3M)

Stock trend: 61

Sector RS: 46

Sector 3M: -9.8% vs Nifty 500 -5.6%

Chemicals FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

SPLPETROD candles · FIT view-4.6%TODAY · PROVISIONAL

Latest price ₹743.50 on 2026-10-21

Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.

Bar

-2.8%

RSI

MACD hist

-9.64

52W pos

64%

2026-10-21O ₹765.00H ₹768.80L ₹737.60C ₹743.50Vol 62,728 shIntraday candle

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

SPLPETRONifty ChemicalsNifty 500

SPLPETRO: +8.0%
Nifty 500: -5.6%
Nifty Chemicals: -8.5%
Vs Nifty 500: +13.6 pp

Chart stats

19 Oct 2026

From 52W high: -15.3%
52W range position: 69%
ATR (14): 4.1%
Volume vs 20D: 0.43x
Avg traded value: ₹15.5 Cr
20D price channel: ₹749.3 - ₹899

Quarter ended 30 Jun 2026

Excellent · 100

Rev +22% YoY · PAT +190% YoY · margin expansion · +7% QoQ · operating leverage

Revenue: ₹1,715 Cr; YoY +22.3%
PAT: ₹238 Cr; YoY +190.2%
Operating margin: 19.0%; QoQ +300 bps
PAT margin: 13.9%; QoQ +336 bps

Filed 27 Jul 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 2 Uptrend

Current trend context ranked against the Nifty 500. It describes the chart; it is not a buy or sell signal.

RS percentile: 62; -5 ranks over 20D
Stage 2 entry: 02 Sept 2026; 32 trading sessions · established
Sector rotation: #13; neutral · 26 stocks
Industry rotation: —; Fewer than five rank-eligible peers

Trend structure

Below 20-DMABelow 50-DMAAbove 200-DMA

RSI (14)

Weak momentum

MACD

Below signal

Histogram -9.64

Volume participation

0.3x average

So far vs 20-session average

20-session position

4% of range

₹737.6 low · ₹899 high

Relative performance

vs Nifty 500

1M: -8.5 pp; stock -12.0%
3M: +13.6 pp; stock +8.0%
6M: +2.5 pp; stock -1.1%
1Y: +5.9 pp; stock -1.2%

From 52W high

-15.3%

High ₹899

52W range position

69%

₹462.3 - ₹899

ATR (14)

4.1%

₹31.12

Avg traded value

₹15.5 Cr

20-session average

Current setup

Established Stage 2

Entered 02 Sept 2026 · 32 sessions

Open detailed technicals →

Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · FAIR VALUE

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Excellent · 100/100

Rev +22% YoY · PAT +190% YoY · margin expansion · +7% QoQ · operating leverage

Filed 27 Jul 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹1,715 Cr	+22.3%	+6.8%
EBITDA	₹332 Cr	+186.2%	+30.2%
Operating margin	19.0%	+1100 bps	+300 bps
PAT	₹238 Cr	+190.2%	+40.8%
PAT margin	13.9%	+803 bps	+336 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 29.10
P/B: 6.05
EV/EBITDA: 17.23
Market Cap: 14323.00Cr

Profitability

ROE: 13.70%
ROCE: —
ROA: 13.90%
Dividend Y: 1.36%

Growth (CAGR)

Revenue 5Y: 17.00%
EPS 5Y: 17.00%
Revenue 3Y: 10.00%
EPS 3Y: 10.00%

Balance Sheet

Debt/Equity: 0.06
Interest Coverage: 49.13×
Altman Z: 9.52
Book Value: 126.00

Cash Flow

FCF Yield: 0.40%
FCF Positive Y: 6/5
OCF: 247.00 Cr
EPS TTM: 25.78

Shareholding

Promoter Hold: 64.24%
Promoter Pledge: 0.00%
Momentum 52W: 69%

Financial History

Updated 21/10/2026

Revenue

₹ Cr

Latest: 1,715+6.8% vs prev

Net Profit

₹ Cr

Latest: 238+40.8% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term uptrend intact. RSI 38. Wait for confirmation.

Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
SMA20 rising (~4.8% over last month) — short-term momentum positive.
RSI(14) at 38 — falling, no extreme reading.
MACD below signal but histogram contracting — bearish momentum easing.
17% off 52W high · 61% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 2 UptrendEstablished S2

1M return

-12.0%

3M return

+8.0%

6M return

-5.3%

1Y return

-4.1%

RS 1D

-2

RS 20D

-5

Sector rank

#13

Industry rank

Stage evidence

Price is 3.1% above the 30-week proxy.
The 50-DMA is above the 30-week proxy and its slope is rising +2.7%.

50-DMA

price below

200-DMA

price above

S2 entered

02 Sept 2026

S2 age

32 trading sessions

Sector

neutral

Industry

unranked

Relative-strength line vs Nifty 500 (base 100)

261 observations

19 Oct 2026Value 93.19+0.31%

RS vs Nifty 50093

Valuation & peers

U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

Financial Turnaround

Fundamental score breakdown

U band · FAIR VALUE

Valuation8/30

Growth10/25

Quality6/20

Balance Sheet12/15

Cash Flow6/10

Piotroski

8/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

47/100 · legacy band FAIR VALUE

Positive drivers

Piotroski is strong at 8/9.
Fair-value margin of safety is positive at 35.9%.
Balance sheet contributes 12/15 to the score.

Main drags

Valuation is weaker at 8/30; verify the latest quarterly trend.
Quality is weaker at 6/20; verify the latest quarterly trend.
Growth is weaker at 10/25; verify the latest quarterly trend.

Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized

Primary lens

Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.

Secondary checks

Current margin versus 5-year average, balance sheet strength, commodity cycle.

Main risk check

A low trailing PE may mean peak-cycle earnings, not true cheapness.

29.1

6.0

EV/EBITDA

17.2

ROE

13.7%

ROCE

—

FCF Yield

0.4%

Debt/Equity

0.1

MoS

+35.9%

Cyclical/value-trap warning

This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 47

Legacy U-Score band

FAIR VALUE

Previous: FAIR VALUE

Margin of safety

+35.9%

Previous: +34.3%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026

v4.3-runtime-valuation

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number

₹270.34

-175.0% MoS

Growth-justified P/E

45.0

Growth-justified Value

₹1,160.1

+35.9% MoS

PEG

2.05

Comparable companies

Peers

Business-comparable peers in Chemicals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

JPPOWER

Large

Jaiprakash Power Ventures Limited

Sarda Energy & Minerals Limited

Sandur Manganese & Iron Ores Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-06-03T18:39:15.576Z

Management commentary snapshot

Q4 FY26 revenue grew 3% YoY to INR 1,587 crores, driven by higher volumes and better spreads. Operating EBITDA surged 75% YoY to INR 253 crores, with margins improving to 15.9%. FY26 revenue declined 11% YoY due to lower styrene monomer prices, but volumes grew 2%.

Q4 FY26 showed strong operational performance with significant EBITDA growth and margin expansion, driven by higher volumes and better spreads. Full-year revenue was impacted by lower raw material prices, but volume growth was maintained. Capacity expansions and new product ramp-ups are key for future growth, though raw material volatility and non-OEM demand softness pose near-term challenges.

Growth engines

ABS Plant Ramp-up

Maas ABS plant restarted with modified arrangements, operating at 65% capacity. Product has been well accepted in the market.

EPS Phase-II Expansion

Successfully commissioned on April 14, 2026, enhancing EPS capacity from 85,000 TPA to 115,000 TPA at Amdoshi complex.

Xmold Division Growth

Expects 50-60% more volume this year, targeting 65-70% utilization. Onboarded two AC manufacturers in Sri City.

Specialized Grades

Value-added grades for refrigerators and ACs provide better profitability, with the company present across various user segments.

Capacity and execution

EPS Phase-II Expansion

Successfully commissioned on April 14, 2026, enhancing EPS capacity from 85,000 TPA to 115,000 TPA at Amdoshi complex.

Maas ABS Plant Capacity

Original capacity 70,000 TPA, currently operating at 65% of design capacity (effectively 45,000 TPA) due to impacted equipment.

FY27 CAPEX Plan

Company plans around INR 250 crores for FY27, mainly for infrastructure and other related activities, not PS/EPS projects at Panipat yet.

Tailwinds

Healthy OEM Demand

Demand from OEM segments remained healthy during Q4 FY26.

Strong EPS Demand Segments

Demand growth for EPS came from packing, construction, and cold storage segments last year.

Domestic Demand Fulfillment

Company was able to meet domestic demand through sufficient inventory, material in transit, and sourcing from alternate geographies.

Headwinds

Raw Material Price Volatility

Styrene monomer prices increased sharply in March 2026 due to West Asia conflict and supply disruption through Strait of Hormuz.

Non-OEM Demand Softness

Non-OEM segments witnessed some softness in Q4 and demand has taken a big beating in April due to high prices, labor, and gas shortages.

Supply Chain Disruption

West Asia conflict impacted Middle East shipments, increasing shipping time and freight rates, making exports challenging.

Risk radar

Inventory Losses

Management is aware that inventory loss might come the moment the situation normalizes and prices drop.

Geopolitical Instability

West Asia conflict directly impacts raw material supply, costs, and global shipping, creating a very dynamic and fluid situation.

OEM Contract Delays

Company is not entering into new contracts with OEMs due to the fluid situation in raw material pricing and freight costs.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

Q4 results are compared YoY to assess performance against a typically strong seasonal quarter. Full-year results are also compared YoY to understand the overall trend despite raw material price fluctuations.

Sector KPIs management disclosed

Q4 FY26 Sales Volume (manufactured products)

Increased to 100,664 tons in Q4 FY26, reflecting a growth of about 5.4% compared to 95,556 tons in Q4 FY25.

FY26 Sales Volume (manufactured products)

Stood at 363,203 metric tons, reflecting a growth of about 2% compared to 355,967 metric tons in FY25.

FY26 Capacity Utilization

Remained healthy at over 80% for the year.

Q4 FY26 Operating EBITDA Margin

Improved to 15.9% from 9.4% in Q4 FY25.

Management forward view

FY27 Volume Growth Outlook

Expects 8-10% volume growth in FY27 if normalcy returns by June end (Q2 onwards), subject to global situation.

ABS Phase-II Timeline

Still aiming for FY28 commissioning for the second ABS line, irrespective of current Phase-I equipment issues.

Panipat Project Delay

PS and EPS projects at Panipat are delayed, pending more clarity on IOC's styrene monomer plant commissioning date.

Financial Strength

Company remains debt-free with an investable surplus of INR 700 crores as of March 2026, funding all capex through internal accruals.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Styrene Monomer (SM) Prices	Around $1,500/ton, after peaking at $1,650/ton in March.	Stabilization and moderation of SM prices, and easing of supply chain disruptions from West Asia.
Maas ABS Plant Utilization	65% of design capacity (effectively 45,000 TPA) due to impacted equipment.	Restoration of the impacted equipment and ramp-up to 100% of original capacity (70,000 TPA).
Non-OEM Demand Recovery	Subdued in April due to high prices, labor unavailability, and gas shortages.	Signs of recovery in non-OEM demand as raw material prices stabilize and other market conditions improve.
FY27 Volume Growth	Management expects 8-10% growth if normalcy returns by Q2 FY27.	Actual volume growth achievement, especially given Q1 headwinds and ABS plant operational status.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

76Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 70th percentile within Chemicals. Main check: results consistency is weak at 55/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026

management-trust-v1

74 docs text-extracted · 29 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

81st percentile

overall median 67 · Chemicals: 70th pctile, median 73 · Large: 62nd pctile, median 73

Evidence depth

Financial-only

74 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

acceptable · capital discipline

Results

watch · quarterly consistency

Trust positives

▸Promoter holding is 64.2%.
▸Promoter pledge is zero.
▸FCF yield is positive at 0.4%.
▸6 years of positive FCF.

Trust risks

▸No major Trust Lite risk flags.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Chemicals stocks Browse Indian stocks starting with S Explore fundamental stock screeners Browse Indian investment themes

Related companies

Jaiprakash Power Ventures Limited (JPPOWER)Sarda Energy & Minerals Limited (SARDAEN)SJVN Limited (SJVN)Sandur Manganese & Iron Ores Limited (SANDUMA)CESC Limited (CESC)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Supreme Petrochem Limited (SPLPETRO)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Cyclical valuation: normalized earnings, not just trailing PE

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

ABS Plant Ramp-up

EPS Phase-II Expansion

Xmold Division Growth

Specialized Grades

EPS Phase-II Expansion

Maas ABS Plant Capacity

FY27 CAPEX Plan

Healthy OEM Demand

Strong EPS Demand Segments

Domestic Demand Fulfillment

Raw Material Price Volatility

Non-OEM Demand Softness

Supply Chain Disruption

Inventory Losses

Geopolitical Instability

OEM Contract Delays

What management said, and what results must prove

Q4 FY26 Sales Volume (manufactured products)

FY26 Sales Volume (manufactured products)

FY26 Capacity Utilization

Q4 FY26 Operating EBITDA Margin

FY27 Volume Growth Outlook

ABS Phase-II Timeline

Panipat Project Delay

Financial Strength

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Supreme Petrochem Limited

Important announcements & filings

Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Oct - Newspaper publication regarding opening of special window for transfer and dematerialization of physical shares

Aug 2026 · Transcript

Aug 2026 · PPT

Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Aug - Supreme Petrochem to meet Takshil Financial Services on August 11, 2026, in-person.

Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 Jul - CFO to meet ASK Mutual Fund in-person on August 6, 2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Aug - Submission of newspaper notice published pursuant to IEPF Rules

Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - Newspaper Publication regarding opening of special window for transfer and dematerialization of physical shares

Jul 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3h - Intimation of Earnings Conference Call scheduled on Wednesday, July 29, 2026 at 4:00 p.m. (IST) to discuss Q1/FY 2026-27 earnings of the Company.

Jul 2026 · Notice Of 37Th Annual General Meeting Of The Company To Be Held On Tuesday, July 14, 2026 17 Jun - Supreme Petrochem issued FY26 annual report; AGM July 14, 2026; final dividend ₹8/share.

Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jun - Newspaper clippings of the Notice to Members regarding annual general meeting

Reg. 34 (1) Annual Report. 17 Jun

Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jun - Information of the 37th Annual General Meeting