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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Supreme Industries Ltd

About the Company - Supreme Industries Ltd

Supreme Industries Ltd. is a Public Limited Listed company incorporated on 17/02/1942 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L35920MH1942PLC003554 and registration number is 003554. Currently Company is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 7772.81 Cr. and Equity Capital is Rs. 25.41 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic Products612, Raheja Chambers, Nariman Point, Mumbai Maharashtra 400021investor@supreme.co.in
http://www.supreme.co.in
Management
NamePosition Held
Mr. B L TapariaChairman
Mr. M P TapariaManaging Director
Mr. S J TapariaExecutive Director
Mr. V K TapariaExecutive Director
Mr. R M PandiaDirector
Ms. Ameeta ParpiaDirector
Mr. Sarthak BehuriaDirector
Mr. R KannanDirector
Mr. Pulak PrasadAdditional Director
Mr. Vipul ShahAdditional Director

Supreme Industries Ltd. Share Price Update

Share PriceValue
Today₹4,044.60
Previous Day₹3,827.75

Basic Stock Data of Supreme Industries Ltd

Market Cap 51,468 Cr.
Current Price 4,052
High / Low4,888/2,430
Stock P/E47.9
Book Value 363
Dividend Yield0.64 %
ROCE26.8 %
ROE21.0 %
Face Value 2.00

Data Source: screener.in

Competitors of Supreme Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Avro India Ltd 149 Cr. 148168/93.737.1 26.60.00 %20.5 %17.8 % 10.0
Pearl Polymers Ltd 69.8 Cr. 41.543.1/17.2 22.90.00 %17.4 %18.1 % 10.0
Responsive Industries Ltd 7,846 Cr. 294365/10557.5 40.20.03 %4.51 %2.46 % 1.00
Mold-Tek Packaging Ltd 3,001 Cr. 9051,105/82541.9 1790.67 %19.6 %16.1 % 5.00
Omfurn India Ltd 65.4 Cr. 80.098.7/31.014.7 34.90.00 %18.6 %16.7 % 10.0
Industry Average2,226.24 Cr293.7030.2460.720.14%16.12%14.23%7.20

Supreme Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,8442,0831,3421,9291,9452,5572,2062,0872,3112,5982,3692,3092,449
Expenses1,4421,5731,1201,6181,6272,1661,9371,9392,0072,1182,0471,9522,070
Operating Profit402510222311318391269147303480322356379
OPM %22%24%17%16%16%15%12%7%13%18%14%15%15%
Other Income56794943547863243661363742
Interest2521022114225
Depreciation55555657575962656572727277
Profit before tax401528213296314409268105273465283319338
Tax %22%15%20%23%22%21%20%22%23%23%24%24%24%
Net Profit31245017022924632421482210359216243256
EPS in Rs24.5835.4613.4018.0019.3425.5016.846.4616.5328.3016.9719.1420.17

Supreme Industries Ltd Quarterly Chart

Supreme Industries Ltd Profit & Loss

MonthJun 2012Jun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,9283,4043,9614,2542,9604,4624,9695,6125,5126,3557,7739,2029,725
Expenses2,4562,8683,3733,5882,4983,7004,1824,8274,6765,0716,5318,0028,188
Operating Profit4725365896664627627877858351,2841,2421,2001,537
OPM %16%16%15%16%16%17%16%14%15%20%16%13%16%
Other Income6365-48388932163224183174
Interest585579603234212620225812
Depreciation7282102139105154167184206213230263293
Profit before tax3474014144723225826376646411,2121,2321,1111,405
Tax %33%33%34%34%37%35%32%32%27%19%21%22%
Net Profit2422902833222214304324494679789688651,074
EPS in Rs19.0322.8422.3125.3817.4333.8833.9935.3236.8077.0076.2468.1284.58
Dividend Payout %32%33%36%35%43%44%35%37%38%29%31%38%

Supreme Industries Ltd Profit & Loss Yearly Chart

Supreme Industries Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:13%
3 Years:19%
TTM:6%
Compounded Profit Growth
10 Years:14%
5 Years:15%
3 Years:23%
TTM:29%
Stock Price CAGR
10 Years:24%
5 Years:30%
3 Years:25%
1 Year:40%
Return on Equity
10 Years:26%
5 Years:25%
3 Years:27%
Last Year:21%

Supreme Industries Ltd Balance Sheet

MonthJun 2012Jun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital25252525252525252525252525
Reserves6718541,0141,1861,2901,6701,8692,1292,2363,1443,8194,3774,580
Borrowings35147047339341227924816244138465144
Other Liabilities4846846687536978327939139171,0751,1061,2411,125
Total Liabilities1,5322,0322,1792,3572,4252,8072,9363,2293,6194,2824,9965,6945,774
Fixed Assets7391,0281,0881,0331,1851,2631,3531,5211,6081,7141,7672,0642,067
CWIP34331810068477590935115684111
Investments89110107121126175194222207337476577584
Other Assets6708629661,1041,0461,3221,3141,3961,7112,1802,5972,9693,012
Total Assets1,5322,0322,1792,3572,4252,8072,9363,2293,6194,2824,9965,6945,774

Supreme Industries Ltd Reserves and Borrowings Chart

Supreme Industries Ltd Cash Flow

MonthJun 2012Jun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3524063256012964655085565391,246470890
Cash from Investing Activity -64-363-134-186-218-202-267-240-196-199-403-345
Cash from Financing Activity -287-32-188-260-234-210-284-316-156-506-310-327
Net Cash Flow0114155-15552-430188542-243219

Supreme Industries Ltd Financial Efficiency Indicators

MonthJun 2012Jun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days212222202923282521222220
Inventory Days61766860107101807494708878
Days Payable425738396659565558605551
Cash Conversion Cycle404152427064524457335447
Working Capital Days131623102337403441204540
ROCE %38%38%34%34%22%33%32%28%26%42%35%27%

Supreme Industries Ltd Financial Efficiency Indicators Chart

Supreme Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters48.85%48.85%48.85%48.85%48.85%48.85%48.85%48.85%48.85%48.85%48.85%48.85%
FIIs8.95%10.82%10.38%16.16%16.16%15.79%16.32%17.41%18.10%19.06%23.85%24.65%
DIIs24.78%24.66%25.30%19.70%19.65%19.69%19.15%18.52%17.96%17.12%12.54%11.95%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.25%
Public17.42%15.67%15.47%15.29%15.34%15.67%15.68%15.22%15.11%14.98%14.76%14.32%
No. of Shareholders46,70864,78161,82963,68372,11177,84281,12873,53680,30864,52071,25967,837

Supreme Industries Ltd Shareholding Pattern Chart

No. of Supreme Industries Ltd Shareholders

Supreme Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Emerging Equity Fund - Regular Plan38553914.551751.48
Axis Midcap Fund21691064.01985.41
HDFC Mid-Cap Opportunities Fund - Regular Plan19162361.55870.54
Nippon India Growth Fund12048852.33547.37
DSP Mid Cap Fund10128452.74460.13
Kotak Small Cap Fund - Regular Plan3849191.24174.87
Axis Growth Opportunities Fund3252041.38147.74
PGIM India Midcap Opportunities Fund2960281.34134.48
HSBC Midcap Fund2833001.4128.7
UTI Mid Cap Fund2356951.09107.08

Supreme Industries Ltd ROCE Trend

Supreme Industries Ltd EPS Trend

Supreme Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)68.1276.2477.0036.8031.57
Diluted EPS (Rs.)68.1276.2477.0036.8035.32
Cash EPS (Rs.)76.7878.2082.2550.5248.63
Book Value[Excl.RevalReserv]/Share (Rs.)346.49302.59249.45177.98169.54
Book Value[Incl.RevalReserv]/Share (Rs.)346.49302.59249.45177.98169.54
Revenue From Operations / Share (Rs.)724.25611.79500.36433.81441.71
PBDIT / Share (Rs.)96.7799.34101.4265.8062.37
PBIT / Share (Rs.)76.0481.2784.6749.6147.92
PBT / Share (Rs.)75.4180.8683.9248.0251.16
Net Profit / Share (Rs.)56.0560.1465.5034.3334.18
NP After MI And SOA / Share (Rs.)68.1176.2376.9936.7935.31
PBDIT Margin (%)13.3616.2320.2615.1614.11
PBIT Margin (%)10.4913.2816.9211.4310.84
PBT Margin (%)10.4113.2116.7711.0611.58
Net Profit Margin (%)7.739.8213.097.917.73
NP After MI And SOA Margin (%)9.4012.4515.388.487.99
Return on Networth / Equity (%)19.6525.1930.8620.6720.82
Return on Capital Employeed (%)21.1925.8432.4525.7526.54
Return On Assets (%)15.1919.3822.8412.9113.89
Total Debt / Equity (X)0.000.000.000.180.07
Asset Turnover Ratio (%)1.821.761.671.651.87
Current Ratio (X)2.532.472.131.371.43
Quick Ratio (X)1.311.211.350.610.62
Inventory Turnover Ratio (X)4.865.374.564.515.17
Dividend Payout Ratio (NP) (%)35.2330.166.4945.8644.37
Dividend Payout Ratio (CP) (%)27.0124.385.3331.8531.48
Earning Retention Ratio (%)64.7769.8493.5154.1455.63
Cash Earning Retention Ratio (%)72.9975.6294.6768.1568.52
Interest Coverage Ratio (X)153.30245.06135.6341.4130.48
Interest Coverage Ratio (Post Tax) (X)89.79149.3688.5922.6015.12
Enterprise Value (Cr.)31164.4325433.0925118.6511215.1114276.22
EV / Net Operating Revenue (X)3.393.273.952.032.54
EV / EBITDA (X)25.3520.1519.4913.4218.02
MarketCap / Net Operating Revenue (X)3.473.344.072.002.52
Retention Ratios (%)64.7669.8393.5054.1355.62
Price / BV (X)7.256.758.174.886.57
Price / Net Operating Revenue (X)3.473.344.072.002.52
EarningsYield0.020.030.030.040.03

Supreme Industries Ltd Profitability Ratios (%)

Supreme Industries Ltd Liquidity Ratios

Supreme Industries Ltd Liquidity Ratios (%)

Supreme Industries Ltd Interest Coverage Ratios (X)

Supreme Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Supreme Industries Ltd

Fair Value: ₹3674.79

The stock is overvalued by 9.31% compared to the current price ₹4052

*Investments are subject to market risks

Strength and Weakness of Supreme Industries Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 32.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 28.50, which is a positive sign.
  3. The company has higher reserves (2,218.38 cr) compared to borrowings (262.15 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (4.85 cr) and profit (344.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 67.90 and average Dividend Yield of 12.59%.
  2. The stock has a high average Cash Conversion Cycle of 49.67, which may not be favorable.

Should I Buy Supreme Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Supreme Industries Ltd:
    1. Net Profit Margin: 7.73%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 21.19% (Industry Average ROCE: 16.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 89.79
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.31
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 47.9 (Industry average Stock P/E: 29.18)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Supreme Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE