Supreme Industries Limited (SUPREMEIND)
Mid CapMaterials stocks · Mid cap · NSE
India's largest plastic manufacturing and processing company, founded in 1942. Operates 9 business verticals across 35 manufacturing plants, serving 55 export countries with 7000+ distributors. Products include piping systems, industrial, packaging, and consumer products.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is supportive, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Good · 60/100Rev +4% YoY · PAT +39% YoY · margin expansion · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,718 Cr | +4.2% | -23.0% |
| EBITDA | ₹398 Cr | +24.8% | -36.1% |
| Operating margin | 15.0% | +300 bps | -300 bps |
| PAT | ₹281 Cr | +39.1% | -35.3% |
| PAT margin | 10.3% | +260 bps | -196 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Q4 FY26 saw strong performance with Sales Volume up 16% YoY and 26% QoQ, Revenue up 17% YoY and 31% QoQ, and EBITDA surging 50% YoY and 99% QoQ. Full-year FY26 also showed growth across key metrics.
Strong Q4 FY26 performance driven by volume and significant EBITDA margin expansion. Full-year growth is steady. Management's focus on capacity expansion, value-added products, and distribution network strengthening supports continued growth, despite raw material price volatility.
Revenue by Specialty Business
Latest issuer-disclosed distribution across 2 reported categories.
Diversify Product Portfolio
Focus on technological innovations and designs to enhance the overall contribution of Value Added products.
Capacity Expansion
The existing capacity is planned to be enhanced to 1.5 Million MT by 2027-28.
Widen Distribution Network
Increase channel partners and widen as well as deepen the distribution network.
Increase Share of Value Added Products
Focus on products with Operating Profit Margin (OPM) greater than 17%.
Overall Capacity Target
Existing installed capacity of 1,242,965 MT (as of 31.03.2026) to be enhanced to 1.5 Million MT by 2027-28.
Capex Plan
Total capex envisaged of about Rs.1000 crores during 2026-27.
New Greenfield Units
New Greenfield units planned at Patna, Jammu, near Gadegaon and near JNPT.
India's Growth Story
Company benefits from India’s growth in Agriculture, Infrastructure, Housing, Packaged Foods, etc., which are government thrust areas.
Strong Cash Flows
Strong cash flows provide financial flexibility to fund expansion plans.
Raw Material Cost Volatility
Operating profitability is moderately susceptible to volatility in prices of key raw materials (PVC, PE, PP) linked to crude oil prices.
Raw Material Costs / Availability Risk
Operating profitability is moderately susceptible to volatility in prices of key raw materials (PVC, PE, PP) linked to crude oil prices.
Talent Management
Developing, retaining and recruiting key talent is crucial to achieve Company’s growth plans and aspirations.
Information Technology Risk
Digital attacks on systems, networks and programs capable of interrupting normal business processes are a common threat.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
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.
Q4 results show strong sequential momentum (QoQ) in sales, revenue, and EBITDA, indicating improving operational efficiency and demand. Year-on-year (YoY) comparison is also crucial to assess underlying business growth and overcome seasonality.
Volume Growth
Q4 FY26 Sales Tonnage: 231,889 MT (+16% YoY, +26% QoQ). FY26 Sales Tonnage: 753,907 MT (+12% YoY).
Pricing Trend
Q4 FY26 Revenue growth of 17% YoY outpaced Volume growth of 16% YoY. FY26 Revenue growth of 7% YoY lagged Volume growth of 12% YoY.
EBITDA Margin
Q4 FY26 EBITDA %: 17.67% (vs 13.77% in Q4 FY25). FY26 EBITDA %: 13.85% (vs 13.72% in FY25).
Distribution Expansion
Company plans to increase channel partners and widen/deepen the distribution network, which currently exceeds 7,000+ partners.
Maintain Debt-Free Status
Management aims to remain Debt free.
Focus on Core Business
Management intends to remain focused on Core business of Plastics and related products.
Cost Optimization
Management is committed to remaining on the path of Cost optimization.
Boost Exports
Management aims to remain focused to boost Exports.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Total Installed Capacity | 1,242,965 MT (as of 31.03.2026) | Progress towards the target of 1.5 Million MT by 2027-28. |
| Share of Specialty Business | 42% of Total Net Turnover (FY25-26) | Increase in contribution of value-added products (OPM > 17%). |
| Capex Spending | Rs. 1000 crores envisaged for 2026-27 | Timely execution and commissioning of greenfield and existing plant expansions. |
| Debt Status | Debt Free with Cash Surplus of Rs. 648 Crores (as at 31st March’26) | Maintenance of debt-free status amidst significant expansion plans. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
51NeutralSMA20 +3.3% / mo · MACD −
Technical chart
SUPREMEINDdaily · 1Y · AUTO-12.0%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 45.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~3.2% over last month) — short-term momentum positive.
- RSI(14) at 45 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 25% off 52W high · 11% 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.
Relative Strength & Trend Stage
- Price is within 4.0% of the 30-week proxy.
- The 30-week proxy changed +0.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
Valuation & score drivers
U-Score 37 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 37 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 11/15 to the score.
- Quality contributes 11/20 to the score.
Main drags
- Fair-value margin of safety is negative at -527.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 6/25; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
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.
Score history
12 stored score snapshots. Latest stored move: +1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 84th percentile within Materials. No major sub-score weakness stands out.
High Trust Lite: Promoter pledge is zero. Key concern: ROCE trend is -3.3%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Materials: 84th pctile, median 70 · Mid: 55th pctile, median 76
79 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead 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.
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.5%.
- ▸12 years of positive FCF.
- ▸Debt/equity is 0.01.
Trust risks
- ▸ROCE trend is -3.3%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 42.80
- P/B
- 7.15
- EV/EBITDA
- 21.16
- Market Cap
- 44142.00Cr
Profitability
- ROE
- 15.80%
- ROCE
- 20.70%
- ROA
- 13.24%
- Dividend Y
- 1.04%
Growth (CAGR)
- Revenue 5Y
- 12.00%
- EPS 5Y
- -1.00%
- Revenue 3Y
- 7.00%
- EPS 3Y
- 3.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- 54.40×
- Altman Z
- 9.53
- Book Value
- 486.00
Cash Flow
- FCF Yield
- 0.46%
- FCF Positive Y
- 12/5
- OCF
- 1225.00 Cr
- EPS TTM
- 81.27
Shareholding
- Promoter Hold
- 48.96%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 22%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Materials, ranked by similarity
Peers
Business-comparable peers in Materials — 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.