Supreme Industries Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 4 Aug 2026 | Industrial Products | Market Cap: ₹45.2K Cr
Overall volume growth expected between 12% to 14% for the year FY26. Supreme Industries expects volume growth of 12%-14% overall and 15%-17% in Plastic Piping business in FY26. - Operating margin guidance for FY26 revised to 13.5%-14% due to polymer price volatility. - Longer-term normal operating margins expected around 14.5%-15%, with potential incremental improvement from new product launches and higher share of value-added products. - Management commits to becoming debt-free by March 31, 2026, leading to lower finance costs from FY27. - CAPEX of around Rs.
From Supreme Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹3,642
Market Cap
₹45.2K Cr
P/E Ratio
43.8
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Compare Supreme Industries Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Supreme Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.5K Cr, net profit ₹434 Cr.
Full financials →📊 Revenue & Sales Performance
- →Overall volume growth expected between 12% to 14% for the year FY26.
- →Plastic Piping business volume growth expected between 15% to 17% in FY26.
- →Anticipated 16%+ volume growth in the upcoming quarter due to increased demand from agriculture and other sectors.
- →New product launches like PP silent pipe system and electrofusion fittings are expected to contribute to growth.
- →The PVC window business is starting commercial production from February 2026, with potential revenue exceeding Rs. 300 crores at full capacity.
- →Protective packaging division growing at around 10% volume growth with good margins; capacity expansion planned for next year.
- →Capacity expansions in piping and packaging nearing completion, with total plastic piping capacity reaching 1 million MT by FY26.
- →The company is confident of improved demand and normalizing inventory levels post destocking, supporting volume growth.
📈 Profitability & Margins
- →Supreme Industries expects volume growth of 12%-14% overall and 15%-17% in Plastic Piping business in FY26.
- →Operating margin guidance for FY26 revised to 13.5%-14% due to polymer price volatility.
- →Longer-term normal operating margins expected around 14.5%-15%, with potential incremental improvement from new product launches and higher share of value-added products.
- →Management commits to becoming debt-free by March 31, 2026, leading to lower finance costs from FY27.
- →CAPEX of around Rs. 1200 crores in FY26 funded from internal accruals; new greenfield plants planned for FY27-FY28 to support future growth.
- →Profit after tax for 9 months was down 22%, affected by polymer price declines and inventory losses, but price erosion arrested in Q4 is expected to help margins recover.
- →Volume-driven margin improvements and stabilized polymer prices are key levers for better earnings going forward.
🏗️ Capital Expenditure Plans
- →Supreme Industries plans to add 100,000 tons of capacity overall in FY’27 across all product segments including PVC, CPVC, and value-added products (Page 10).
- →New greenfield plants are planned in FY’27 near Gwalior (Malanpur) and near Patna, Bihar, expected to become operational by FY’28 (Page 8).
- →Capacity expansions at various locations for Plastic Piping and Protective Packaging products are nearing completion and will be available fully in FY 26-27 (Page 4).
- →Total installed capacities for Plastic Piping Business will reach 1 million MT per annum by FY 2026 (Page 4).
- →Capex outflows of Rs. 1031 crores have been made in first nine months of the current year including Wavin Business acquisition; total capex for the year expected around Rs. 1200 crores, funded entirely from internal accruals (Page 4).
- →Precise capex plans for FY 27 will be shared in April (Pages 10, 16).
💰 Fundraising & Capital Structure
- →No mention of any new fundraising through debt or equity in the current period.
- →The company emphasized a commitment to becoming debt-free by March 31, 2026.
- →Finance costs are expected to reduce significantly from FY’27 onwards due to the repayment of short-term borrowings.
- →CAPEX of around Rs. 1200 crores for FY26 (including acquisition of Wavin Business) is fully funded through internal accruals, no external borrowing planned.
- →Any short-term borrowings taken during the year were temporary, related to funding CAPEX and working capital, and are now being repaid.
- →Future CAPEX plans for FY27 will be discussed in detail in April; no indication of raising external capital at this time.
📋 Order Book & Pipeline
- →Supreme Industries has fully executed the Letter of Intent (LOI) for supply of 2 lakh composite LPG cylinders to Bharat Petroleum Corporation Limited (BPCL), generating revenue of around Rs. 54 crores.
- →The company has received a further LOI for supply of another 2 lakh composite cylinders to BPCL, expected to be executed in the current quarter.
- →No additional specific details on other current or pending orders provided in the transcript.
- →The company continues to work on expanding export geographies and participate in national and international exhibitions in the energy and gas sectors, indicating ongoing and potential future orders.
Key Metrics
Frequently Asked Questions
What were Supreme Industries Ltd Q3 FY26 results?
Overall volume growth expected between 12% to 14% for the year FY26. Supreme Industries expects volume growth of 12%-14% overall and 15%-17% in Plastic Piping business in FY26. - Operating margin guidance for FY26 revised to 13.5%-14% due to polymer price volatility. - Longer-term normal operating margins expected around 14.5%-15%, with potential incremental improvement from new product launches and higher share of value-added products. - Management commits to becoming debt-free by March 31, 2026, leading to lower finance costs from FY27. - CAPEX of around Rs.
What is Supreme Industries Ltd share price analysis?
Supreme Industries Ltd currently shows a neutral. The stock trades at a P/E of 43.8 with a market cap of ₹45,208 Cr. Investors should review the full earnings analysis for detailed insights.
Is Supreme Industries Ltd planning capital expenditure?
Supreme Industries plans to add 100,000 tons of capacity overall in FY’27 across all product segments including PVC, CPVC, and value-added products (Page 10). - New greenfield plants are planned in FY’27 near Gwalior (Malanpur) and near Patna, Bihar, expected to become operational by FY’28 (Page 8). - Capacity expansions at various locations for Plastic Piping and Protective Packaging products are nearing completion and will be available fully in FY 26-27 (Page 4). - Total installed capacities for Plastic Piping Business will reach 1 million MT per annum by FY 2026 (Page 4). - Capex outflows of Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.