Supreme Industries Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹40,008 Cr
- P/E
- 38.77
- ROE
- 15.77%
- PEG
- 11.67
- Price to sales
- 3.53
- Debt to equity
- 0.01
- 52W high / low
- ₹4,053 / ₹3,150
- Sales growth (5Y)
- 12.04%
- EBITDA margin
- 14.41%
- Net profit margin
- 8.32%
- Promoter holding
- 48.96%
- Sales (last year)
- ₹11,326 Cr
Supreme Industries Limited is India’s leading plastics product manufacturer, offering a wide and comprehensive range of plastic products in India. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products, Industrial Moulded Components, Moulded Furniture, Storage & Material Handling Products, Performance Packaging Films and Composite LPG Cylinders.[1]
Guidance scorecard · Q2 FY27 call
What Supreme Industries Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ2 FY27 call
10–20%- Company-wide volume growth expected at about 10% for FY27 despite Q1 de-growth.
- Plastic piping system volume growth guidance is about 13% for full year FY27.
- October 2026 month-to-date plastic pipe system volume growth was strong at 23% Y-o-Y.
- Revenue growth guidance for FY27 is between INR 13,500 crores to INR 14,000 crores.
- Operating margin expected between 14% to 14.5% for FY27.
- Growth driven mainly by housing and agriculture sectors in piping business.
- New product segments like CPVC piping (38.5% volume growth in 1H) showing strong expansion.
2 more points from Supreme Industries Ltd's call on revenue
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MarginsQ2 FY27 call
FlatSee what Supreme Industries Ltd said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Ongoing work on new units at Bihar, Jammu, Erode, Puducherry, and Malanpur.
- Brownfield expansion at various sites progressing as planned.
- Capital expenditure (capex) expected to be INR 700-750 crores for FY27 in terms of cash outflow.
2 more points from Supreme Industries Ltd's call on capex
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FundraisingQ2 FY27 call
See what Supreme Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
- For the Nal Se Jal government project, the company indicated limited inquiries and did not expect significant order inflow this year as many states have not cleared previous bills.
- The industrial products segment volume growth was 13%, packaging had small growth with some price challenges, and PVC piping saw notable volume growth.
- Management expressed optimism about volume growth in the second half based on current demand.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Supreme Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Supreme Industries Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 48.85% | 48.85% | 48.85% | 48.85% | 48.85% | 48.85% | 48.90% | 48.90% | 48.96% | 48.96% | 48.96% | 48.96% |
| FIIs + | 24.65% | 24.68% | 25.05% | 25.93% | 24.69% | 22.94% | 21.94% | 20.66% | 19.23% | 17.12% | 17.08% | 16.57% |
| DIIs + | 11.95% | 11.41% | 11.50% | 10.62% | 11.96% | 13.25% | 14.59% | 15.96% | 17.12% | 19.14% | 18.98% | 19.61% |
| Government + | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.09% | 0.10% | 0.10% | 0.10% | 0.10% |
| Public + | 14.32% | 15.07% | 14.60% | 14.60% | 14.51% | 14.96% | 14.55% | 14.39% | 14.61% | 14.69% | 14.88% | 14.76% |
| No. of Shareholders | 67,837 | 67,813 | 69,383 | 80,278 | 76,210 | 82,311 | 83,346 | 78,801 | 86,450 | 85,804 | 95,613 | 93,835 |
Financials of Supreme Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,309 | 2,449 | 3,008 | 2,636 | 2,273 | 2,510 | 3,027 | 2,609 | 2,394 | 2,687 | 3,528 | 2,718 | 3,361 |
| Expenses + | 1,952 | 2,070 | 2,517 | 2,249 | 1,954 | 2,201 | 2,611 | 2,290 | 2,096 | 2,373 | 2,905 | 2,320 | 2,930 |
| Operating Profit | 356 | 379 | 491 | 387 | 319 | 309 | 416 | 319 | 297 | 314 | 623 | 398 | 431 |
| OPM % | 15% | 15% | 16% | 15% | 14% | 12% | 14% | 12% | 12% | 12% | 18% | 15% | 13% |
| Other Income + | 37 | 42 | 59 | 59 | 43 | 31 | 45 | 42 | 30 | 13 | 60 | 82 | 38 |
| Interest | 2 | 5 | 8 | 3 | 3 | 3 | 3 | 3 | 6 | 11 | 9 | 4 | 3 |
| Depreciation | 72 | 77 | 77 | 86 | 90 | 91 | 91 | 93 | 104 | 110 | 121 | 122 | 122 |
| Profit before tax | 319 | 338 | 465 | 357 | 270 | 245 | 367 | 265 | 218 | 206 | 553 | 354 | 344 |
| Tax % | 24% | 24% | 24% | 23% | 23% | 24% | 20% | 24% | 24% | 26% | 22% | 21% | 24% |
| Net Profit + | 243 | 256 | 355 | 273 | 207 | 187 | 294 | 202 | 165 | 153 | 434 | 281 | 262 |
| EPS in Rs | 19.14 | 20.17 | 27.93 | 21.52 | 16.26 | 14.72 | 23.14 | 15.93 | 12.97 | 12.07 | 34.13 | 22.10 | 20.66 |
Financials of Supreme Industries Ltd
Profit & Loss
Annual income statement trend
| Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,254 | 2,960 | 4,462 | 4,969 | 5,612 | 5,512 | 6,355 | 7,773 | 9,202 | 10,134 | 10,446 | 11,218 | 12,294 |
| Expenses + | 3,588 | 2,498 | 3,700 | 4,182 | 4,827 | 4,676 | 5,071 | 6,531 | 8,002 | 8,587 | 9,015 | 9,664 | 10,528 |
| Operating Profit | 666 | 462 | 762 | 787 | 785 | 835 | 1,284 | 1,242 | 1,200 | 1,547 | 1,432 | 1,553 | 1,766 |
| OPM % | 16% | 16% | 17% | 16% | 14% | 15% | 20% | 16% | 13% | 15% | 14% | 14% | 14% |
| Other Income + | 5 | -4 | 8 | 38 | 89 | 32 | 163 | 224 | 183 | 173 | 178 | 146 | 194 |
| Interest | 60 | 32 | 34 | 21 | 26 | 20 | 22 | 5 | 8 | 16 | 12 | 29 | 28 |
| Depreciation | 139 | 105 | 154 | 167 | 184 | 206 | 213 | 230 | 263 | 298 | 359 | 428 | 476 |
| Profit before tax | 472 | 322 | 582 | 637 | 664 | 641 | 1,212 | 1,232 | 1,111 | 1,405 | 1,239 | 1,242 | 1,457 |
| Tax % | 34% | 37% | 35% | 32% | 32% | 27% | 19% | 21% | 22% | 24% | 22% | 23% | |
| Net Profit + | 322 | 221 | 430 | 432 | 449 | 467 | 978 | 968 | 865 | 1,070 | 961 | 954 | 1,130 |
| EPS in Rs | 25.38 | 17.43 | 33.88 | 33.99 | 35.32 | 36.80 | 77.00 | 76.24 | 68.12 | 84.21 | 75.64 | 75.10 | 88.96 |
| Dividend Payout % | 35% | 43% | 44% | 35% | 37% | 38% | 29% | 31% | 38% | 36% | 45% | 48% |
Financials of Supreme Industries Ltd
Balance Sheet
Capital structure and asset base
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 1,186 | 1,290 | 1,670 | 1,869 | 2,129 | 2,236 | 3,144 | 3,819 | 4,377 | 5,083 | 5,635 | 6,144 | 6,368 |
| Borrowings + | 393 | 412 | 279 | 248 | 162 | 441 | 38 | 46 | 51 | 55 | 76 | 91 | 80 |
| Other Liabilities + | 753 | 697 | 832 | 793 | 913 | 917 | 1,075 | 1,106 | 1,241 | 1,392 | 1,432 | 1,535 | 1,513 |
| Total Liabilities | 2,357 | 2,425 | 2,807 | 2,936 | 3,229 | 3,619 | 4,282 | 4,996 | 5,694 | 6,556 | 7,168 | 7,795 | 7,986 |
| Fixed Assets + | 1,033 | 1,185 | 1,263 | 1,353 | 1,521 | 1,608 | 1,714 | 1,767 | 2,064 | 2,322 | 2,669 | 3,673 | 3,611 |
| CWIP | 100 | 68 | 47 | 75 | 90 | 93 | 51 | 156 | 84 | 149 | 407 | 136 | 159 |
| Investments | 121 | 126 | 175 | 194 | 222 | 207 | 337 | 476 | 577 | 638 | 720 | 762 | 819 |
| Other Assets + | 1,104 | 1,046 | 1,322 | 1,314 | 1,396 | 1,711 | 2,180 | 2,597 | 2,969 | 3,447 | 3,372 | 3,223 | 3,398 |
| Total Assets | 2,357 | 2,425 | 2,807 | 2,936 | 3,229 | 3,619 | 4,282 | 4,996 | 5,694 | 6,556 | 7,168 | 7,795 | 7,986 |
Financials of Supreme Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 601 | 296 | 465 | 508 | 556 | 539 | 1,246 | 470 | 890 | 1,413 | 1,004 | 1,225 |
| Cash from Investing Activity + | -186 | -218 | -202 | -267 | -240 | -196 | -199 | -403 | -345 | -591 | -798 | -1,024 |
| Cash from Financing Activity + | -260 | -234 | -210 | -284 | -316 | -156 | -506 | -310 | -327 | -382 | -440 | -496 |
| Net Cash Flow | 155 | -155 | 52 | -43 | 0 | 188 | 542 | -243 | 219 | 441 | -234 | -295 |
| Free Cash Flow | 407 | 65 | 255 | 226 | 230 | 300 | 1,025 | 4 | 469 | 866 | 116 | 416 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 112% | 91% | 83% | 92% | 103% | 84% | 115% | 61% | 94% | 112% | 91% | 95% |
Financials of Supreme Industries Ltd
Ratios
Working capital efficiency and return ratios
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 29 | 23 | 28 | 25 | 21 | 22 | 22 | 20 | 18 | 19 | 16 |
| Inventory Days | 60 | 107 | 101 | 80 | 74 | 94 | 70 | 88 | 78 | 74 | 70 | 80 |
| Days Payable | 39 | 66 | 59 | 56 | 55 | 58 | 60 | 55 | 51 | 55 | 47 | 51 |
| Cash Conversion Cycle | 42 | 70 | 64 | 52 | 44 | 57 | 33 | 54 | 47 | 37 | 42 | 45 |
| Working Capital Days | 2 | 3 | 19 | 23 | 24 | 14 | 19 | 45 | 40 | 30 | 29 | 34 |
| ROCE % | 34% | 22% | 33% | 32% | 28% | 26% | 42% | 35% | 26% | 29% | 22% | 21% |
Guidance history
How Supreme Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | None planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
20 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −17.3% | 41% |
| Last 6 months | −13.0% | 33% |
| Last 3 months | −9.1% | 48% |
The price is 47.8% below its all-time high of ₹6,039.75 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 39 became 20.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Supreme Industries Ltd: 0.4 × 41 + 0.4 × 33 + 0.2 × 48 = 39, halved to 20 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Supreme Industries Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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