Supreme Industries Ltd

- 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.

- 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.

- 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).

- 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.

- 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.