SUPREMEIND
Mid CapSupreme Industries Limited
Consumer
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 acceptable, price trend is neutral, and recent execution is weak.
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 31 Mar 2026
Excellent · 100/100Rev +17% YoY · PAT +48% YoY · margin expansion · +31% QoQ · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,528 Cr | +16.6% | +31.3% |
| EBITDA | ₹623 Cr | +49.8% | +98.4% |
| Operating margin | 18.0% | +400 bps | +600 bps |
| PAT | ₹434 Cr | +47.6% | +183.7% |
| PAT margin | 12.3% | +259 bps | +661 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
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.
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
46Neutrallabel neutral
Technical chart
SUPREMEINDdaily · 5Y-9.7%Technical trend read
Bearish setupTrend is weak — long-term trend unclear. RSI 43.
- SMA20 falling (~3.4% over last month) — short-term momentum negative.
- RSI(14) at 43 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 14% off 52W high · 10% 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.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
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 12/15 to the score.
- Quality contributes 10/20 to the score.
Main drags
- Fair-value margin of safety is negative at -540.0%.
- Valuation is weaker at 4/30; 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
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 76th percentile of the scored universe and 77th percentile within Consumer. Main check: results consistency is weak at 46/100.
Healthy 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 · Consumer: 77th pctile, median 67 · Mid: 46th pctile, median 76
84 documents indexed, 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%.
- ▸1/4 latest quarters had positive YoY PAT growth.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 47.50
- P/B
- 7.18
- EV/EBITDA
- 22.43
- Market Cap
- 44345.00Cr
Profitability
- ROE
- 15.80%
- ROCE
- 20.70%
- ROA
- 12.24%
- Dividend Y
- 1.03%
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
- 53.55×
- Altman Z
- 9.48
- Book Value
- 486.00
Cash Flow
- FCF Yield
- 0.45%
- FCF Positive Y
- 12/5
- OCF
- 1225.00 Cr
- EPS TTM
- 75.10
Shareholding
- Promoter Hold
- 48.96%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 20%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Consumer — 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.