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SPLPETRO - Supreme Petroch.

📊 NSE: SPLPETRO 🏢 Petrochemicals 📅 Last Updated: 12/14/2025 13:54

📢 Recent Corporate Announcements

Supreme Petrochem Receives Independent ESG Rating from NSE Sustainability Ratings

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 07:19 PM

Supreme Petrochem Limited (SPLPETRO) has been assigned an Environmental, Social, and Governance (ESG) rating by NSE Sustainability Ratings and Analytics Limited. This rating was conducted independently based on publicly available information without the company's formal engagement or request. The company has clarified that it did not provide specific data for this assessment and has not agreed to the rating. Such independent ESG assessments are increasingly common as institutional investors focus on sustainability metrics.

NSE Sustainability Ratings and Analytics Limited assigned an independent ESG Rating to the company.
The rating process was not commissioned or paid for by Supreme Petrochem Limited.
Assessment was based solely on publicly available information rather than private company disclosures.
The company has not formally agreed to or endorsed the assigned rating results.

💡 Investors should treat this as a routine disclosure; while ESG ratings are important for institutional mandates, this unsolicited rating has no immediate impact on financial fundamentals.

Supreme Petrochem to Meet Mahindra Manulife Mutual Fund on February 25, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 07:29 PM

Supreme Petrochem Limited has scheduled an in-person meeting with Mahindra Manulife Mutual Fund on February 25, 2026, at 3:30 PM. The company's CFO and other senior officials are slated to participate in this interaction. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be discussed during the session.

One-on-one meeting scheduled with Mahindra Manulife Mutual Fund.
Interaction set for February 25, 2026, at 3:30 PM in an in-person format.
Company representation includes the Chief Financial Officer (CFO) and other officials.
Compliance filing under SEBI LODR Regulations ensures transparency in institutional interactions.
No unpublished price sensitive information (UPSI) to be shared during the meeting.

💡 This is a routine investor relations activity; shareholders should monitor for any subsequent investor presentations or transcripts that may provide insights into the company's outlook.

Supreme Petrochem Announces Demise of Director Shri Bajranglal Surajmal Taparia

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 31 Jan 2026, 02:53 PM

Supreme Petrochem Limited (SPLPETRO) has informed the exchanges of the sad demise of Shri Bajranglal Surajmal Taparia on January 30, 2026. He served as a Non-Executive and Non-Independent Director of the company. The management has placed on record its deep appreciation for his valuable guidance and contributions during his tenure. His cessation as a Director is effective immediately from the date of his passing.

Demise of Shri Bajranglal Surajmal Taparia occurred on January 30, 2026
He held the position of Non-Executive and Non-Independent Director
Cessation of directorship is effective from January 30, 2026
The filing was made under Regulation 30 and 46 of SEBI Listing Regulations

💡 This is a routine disclosure regarding a board member's demise; investors should monitor for future appointments to the board but no immediate portfolio action is required.

Supreme Petrochem Announces Demise of Non-Executive Director Shri Bajranglal Surajmal Taparia

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 31 Jan 2026, 02:50 PM

Supreme Petrochem Limited (SPLPETRO) has informed the exchanges of the sad demise of Shri Bajranglal Surajmal Taparia on January 30, 2026. He was serving as a Non-Executive and Non-Independent Director of the company. The company noted that his passing is an irreparable loss to the management and employees. This is a regulatory disclosure under SEBI Listing Regulations regarding board composition changes.

Shri Bajranglal Surajmal Taparia passed away on January 30, 2026
He held the position of Non-Executive and Non-Independent Director
Cessation of directorship is effective from January 30, 2026
Disclosure made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine governance update. Investors should monitor for any future board appointments to fill the resulting vacancy.

Supreme Petrochem Q3 FY26: Revenue Falls 10% to ₹1,265 Cr; ABS Plant Operations Suspended

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 01:58 PM

Supreme Petrochem reported a 10% YoY decline in Q3 FY26 operating income to ₹1,265 crores, primarily due to a sharp drop in Styrene Monomer (SM) prices from $1,040 to $810. While sales volumes grew to 91,265 MT, net profit for the quarter stood at ₹30 crores with an operating EBITDA margin of 5.47%. A significant operational setback occurred as the newly commissioned 70,000 MTPA ABS plant was suspended in December 2025 due to critical equipment failure. Despite these challenges, the company remains debt-free with an investible surplus of ₹463 crores.

Operating income fell 10% YoY to ₹1,265 crores as average SM prices dropped to $810 per MT.
Sales volume increased to 91,265 MT in Q3 FY26 from 85,537 MT in the previous year.
Operations at the new 70,000 MTPA ABS plant are currently suspended due to a proprietary equipment malfunction.
Company remains debt-free with an investible surplus of ₹463 crores as of December 31, 2025.
Polystyrene and EPS plants maintained healthy utilization levels of 80% and 88% respectively.

💡 Investors should closely monitor the timeline for the ABS plant's restoration as it is a critical component for future growth and margin expansion. The current volatility in raw material prices and operational delays suggest a cautious outlook in the near term.

Supreme Petrochem to Meet Takshit Financial Services on January 30, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jan 2026, 05:40 PM

Supreme Petrochem Limited (SPLPETRO) has scheduled an in-person meeting with Takshit Financial Services Pvt. Ltd. The meeting is set to take place on Friday, January 30, 2026, at 3:30 p.m. Company officials, including the CFO, will represent the firm during this interaction. The company has explicitly stated that no unpublished price-sensitive information will be shared during the session.

Meeting scheduled with Takshit Financial Services Pvt. Ltd. for January 30, 2026.
The interaction will be held in-person starting at 3:30 p.m.
Company officials and the CFO are slated to participate in the discussion.
Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 This is a routine investor relations update and requires no immediate action. Investors may look for any subsequent investor presentations or meeting transcripts if the company chooses to publish them.

Supreme Petrochem to Meet Takshit Financial Services on January 30, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jan 2026, 05:38 PM

Supreme Petrochem Limited has announced an upcoming in-person meeting with Takshit Financial Services Pvt. Ltd. scheduled for January 30, 2026, at 3:30 p.m. The meeting will involve the company's CFO and other officials to discuss business updates. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction.

Meeting scheduled with Takshit Financial Services Pvt. Ltd. on January 30, 2026
Interaction to be held in-person at 3:30 p.m. involving the company's CFO
Disclosure filed under SEBI (LODR) Regulations, 2015, for transparency
Company confirmed that no unpublished price sensitive information will be discussed

💡 No immediate action is required as this is a routine investor interaction. Investors should look for any subsequent corporate presentations or meeting transcripts that may be uploaded to the stock exchange.

Supreme Petrochem Releases Q3/9M-FY26 Earnings Conference Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 23 Jan 2026, 07:25 PM

Supreme Petrochem Limited has released the audio recording of its earnings conference call held on January 23, 2026. The call focused on the company's financial performance for the third quarter and the nine-month period of FY26. This disclosure is part of the mandatory regulatory requirements under SEBI (LODR) Regulations to ensure transparency for all stakeholders. Investors can access the recording via the company's website or the provided direct link to gain insights into management's commentary.

Earnings conference call for Q3/9M-FY26 was successfully conducted on January 23, 2026.
Audio recording of the session is now available for public review as per SEBI Regulation 30.
The call provided a platform for management to discuss financial results and operational performance.
Recording can be accessed on the company's official website and via a dedicated MP3 link.

💡 Investors should listen to the recording to understand management's outlook on raw material price volatility and demand trends in the petrochemical sector. This will help in assessing the sustainability of margins and volume growth.

Supreme Petrochem Q3 PAT Slumps 57.7% to ₹302 Mn; ABS Plant Operations Suspended

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 20 Jan 2026, 08:43 PM

Supreme Petrochem reported a challenging Q3-FY26 with Net Profit dropping 57.7% YoY to ₹302 Mn and Revenue declining 10% to ₹12,647 Mn. While sales volumes grew 6.7% to 91,265 MT, Operating EBITDA margins contracted significantly to 5.47% from 7.07% YoY. A major headwind is the suspension of the newly commissioned 70,000 MTPA ABS plant in December 2025 due to equipment malfunction. Despite these setbacks, the company maintains a strong, debt-free balance sheet with ₹463 crores in investable surplus.

Revenue from operations fell 10% YoY to ₹12,647 Mn in Q3-FY26.
Net Profit (PAT) saw a sharp decline of 57.7% YoY to ₹302 Mn compared to ₹714 Mn in Q3-FY25.
Operating EBITDA margins contracted by 160 bps YoY to 5.47% due to pricing and margin pressures.
Sales volume grew 6.7% YoY to 91,265 MT, indicating healthy demand despite lower realizations.
The new 70,000 MTPA ABS plant, commissioned in Sept 2025, is currently suspended due to proprietary equipment failure.

💡 Investors should exercise caution as the sharp margin contraction and technical issues at the new ABS plant cloud near-term growth prospects. Monitor management updates regarding the timeline for the ABS plant's restart and the stabilization of raw material spreads.

Supreme Petrochem Q3 PAT Drops 57% YoY to ₹30.15 Cr; ABS Plant Operations Suspended

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 20 Jan 2026, 06:49 PM

Supreme Petrochem reported a weak set of numbers for Q3 FY26, with standalone Net Profit falling 57.7% YoY to ₹30.15 crore. Revenue from operations declined 10% YoY to ₹1,264.69 crore, although it showed sequential growth from Q2. Profitability was pressured by higher expenses and an exceptional charge of ₹7.09 crore related to new labour code liabilities. Additionally, the company's newly commissioned 70,000 TPA ABS plant faced a setback with operations suspended in December 2025 due to equipment malfunctioning.

Standalone Revenue from Operations decreased 10% YoY to ₹1,264.69 crore.
Standalone Net Profit (PAT) plummeted 57.7% YoY to ₹30.15 crore from ₹71.35 crore.
Exceptional item of ₹7.09 crore (standalone) recognized for incremental gratuity and leave encashment liabilities.
Operations at the new 70,000 TPA ABS project suspended in Dec 2025 due to critical equipment failure.
The company remains debt-free with standalone EPS declining to ₹1.60 from ₹4.47 YoY.

💡 Investors should exercise caution due to the significant margin compression and the operational disruption at the new ABS facility. Monitor management commentary regarding the timeline for restoring ABS production and the outlook for Styrenics spreads.

Supreme Petrochem to Host Q3/9M-FY26 Earnings Call on January 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Jan 2026, 02:20 PM

Supreme Petrochem Limited has announced its earnings conference call to discuss the financial results for the third quarter and nine months of FY26. The call is scheduled for Friday, January 23, 2026, at 4:00 PM IST. Senior management, including the Executive Director & CFO, will be available to provide insights into the company's performance and answer investor queries. This is a standard procedure following the release of quarterly financial results.

Earnings conference call scheduled for January 23, 2026, at 4:00 PM IST.
Focus on Q3 and 9M-FY26 financial and operational performance.
Management representation includes Mr. Rakesh Nayyar (ED & CFO) and Mr. Dilip Deole (CE Finance).
Dial-in details provided for universal access and international toll-free numbers for USA, UK, Singapore, and Hong Kong.

💡 Investors should attend or review the transcript of the call to understand management's outlook on raw material pricing and demand trends. No immediate action is required as this is a procedural announcement.

Supreme Petrochem Submits SEBI Compliance Certificate for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 01:30 PM

Supreme Petrochem Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ending December 31, 2025. The certificate, issued by KFin Technologies Limited, confirms that all physical share certificates received for dematerialization were processed and subsequently mutilated or cancelled. The company has updated its records to reflect the depositories as the registered owners of these shares. This is a standard administrative filing required by Indian market regulators to ensure the integrity of electronic shareholding.

Compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 confirmed.
Reporting period covers the quarter ended December 31, 2025.
Registrar and Transfer Agent (RTA) KFin Technologies Limited issued the confirmation to NSDL and CDSL.
Physical certificates received for dematerialization were verified, mutilated, and cancelled as per protocol.
Updated shareholding records reflect the depositories as registered owners for the processed securities.

💡 No action is required from investors as this is a routine regulatory filing confirming the company's adherence to standard share processing protocols.

Supreme Petrochem to Close Trading Window from January 1, 2026 for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Dec 2025, 05:07 PM

Supreme Petrochem Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q3 FY26 financial results. The window will remain closed until 48 hours after the declaration of the financial results for the quarter and nine months ending December 31, 2025. This is a standard regulatory procedure to ensure transparency and prevent insider trading during the sensitive period before earnings are made public.

Trading window closure effective from Thursday, January 1, 2026.
Closure relates to the financial results for the quarter and nine months ending December 31, 2025.
Window will reopen 48 hours after the official announcement of the financial results.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and exchange circulars.

💡 No action is required as this is a routine regulatory filing. Investors should look out for the upcoming Q3 FY26 earnings date for performance updates.

Supreme Petrochem Clarifies Amdoshi Plant Operations; Main Production Units Fully Functional

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 23 Dec 2025, 04:17 PM

Supreme Petrochem Limited (SPLPETRO) has issued a formal clarification regarding false rumors of a total shutdown at its Amdoshi Plant in Maharashtra. The company stated that only the newly installed closure equipment is temporarily affected, while the rest of the facility remains fully operational. Production of key materials including PS, EPS, GPPS, HIPS, and XPS is continuing without any hindrance. This announcement aims to protect investor interests by correcting misreported facts circulating in the public domain.

Denied reports of a complete shutdown at the Amdoshi Plant in Maharashtra
Confirmed that only the newly setup closure equipment is currently non-operational
Core production lines for PS, EPS, GPPS, HIPS, and XPS remain fully functional
Clarification issued under SEBI Regulation 30(11) to address misleading public information

💡 Investors should disregard rumors of a total plant shutdown as core production remains unaffected. Monitor for any further updates regarding the timeline for the new closure equipment to become operational.

Supreme Petrochem Receives Unsolicited ESG Rating of 60 from CFC Finlease

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 22 Dec 2025, 07:03 PM

Supreme Petrochem Limited (SPLPETRO) has informed the exchanges that CFC Finlease Private Limited has independently assigned the company an Environmental, Social, and Governance (ESG) rating of 60. The company explicitly stated that it did not engage the agency for this rating and does not agree with the assessment in any manner. The rating was derived solely from publicly available information rather than direct company participation. This disclosure is a routine regulatory filing under SEBI LODR Regulations.

CFC Finlease Private Limited assigned an unsolicited ESG rating of 60 to the company
Supreme Petrochem has officially stated it has not agreed to this rating in any manner
The rating process did not involve direct engagement or data submission from the company
Assessment was based entirely on publicly available information of the company

💡 Investors should treat this rating with caution as it is unsolicited and disputed by the management. No immediate action is required, but investors may look for future official ESG disclosures from the company's preferred agencies.

View All SPLPETRO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Operational revenue for H1-FY26 declined by 19.2% YoY to INR 2,486.7 Cr from INR 3,079.1 Cr. Q2-FY26 revenue fell 26.9% YoY to INR 1,100.2 Cr. The decline is primarily attributed to lower raw material prices (Styrene Monomer) which dropped from $1,150/MT to a range of $850-$950/MT. Segment-wise, PS and EPS accounted for 69% of FY24 revenue, while Specialty Polymers and XPS contributed 7%.

Geographic Revenue Split

Domestic sales of end-products accounted for over 70% of revenue in fiscal 2023. Exports of end-products contributed 6%, reaching customers in over 100 countries. Traded goods (primarily Styrene Monomer) accounted for the remaining 24% of revenue.

Profitability Margins

Net Profit Margin (PAT) stood at 5.19% for H1-FY26, a decline from 6.89% in H1-FY25. For the full year FY25, Net Profit Margin was 6.41% compared to 6.51% in FY24. Return on Average Net Worth was 18.38% in FY25, slightly up from 17.94% in FY24.

EBITDA Margin

Operating EBITDA margin for H1-FY26 was 7.73%, down from 9.30% in H1-FY25. Total EBITDA margin (including other income) was 8.69% for H1-FY26. Operating EBITDA for Q2-FY26 fell 38% YoY to INR 77.6 Cr, reflecting the normalization of spreads between raw materials and finished goods.

Capital Expenditure

Planned annual capital expenditure of INR 350-400 Cr for the period FY2025-2027. This is directed toward a new 140,000 MTPA ABS plant (Phase 1 of 70,000 MTPA commissioned in Q2-FY26), a greenfield project in Haryana, and capacity expansions in existing PS/EPS segments.

Credit Rating & Borrowing

CRISIL and India Ratings have assigned a 'CRISIL AA-/Positive' and 'IND AA-/Positive' rating respectively. Short-term ratings are 'A1+'. The company is debt-free, with borrowing costs effectively at 0% for long-term debt. Interest coverage ratio stood at 49.00x in FY25, down from 74.00x in FY24 due to lower absolute profits.

⚙️ Operational Drivers

Raw Materials

Styrene Monomer (SM) is the primary raw material, accounting for the bulk of input costs. Other materials include Polybutadiene Rubber (PBR) and Acrylonitrile for the new ABS production line.

Import Sources

Styrene Monomer is imported from the Middle East, Singapore, and East Asia due to deficient domestic supply in India.

Key Suppliers

Not disclosed in available documents, though the company maintains long-term relationships with multiple global suppliers in the Middle East and East Asia.

Capacity Expansion

Current installed capacity includes 300,000 MTPA for Polystyrene (PS) and 110,000 MTPA for Expandable Polystyrene (EPS). A new ABS plant with 70,000 MTPA (Phase 1) commenced production in Q2-FY26, with a total planned capacity of 140,000 MTPA.

Raw Material Costs

Raw material prices for Styrene fluctuated between $850-$950/MT in Q2-FY26 compared to $1,150/MT in the previous year. Because the company maintains 30-40 days of inventory, rapid price drops lead to inventory losses and margin compression.

Manufacturing Efficiency

Inventory turnover ratio improved to 8.79x in FY25 from 7.99x in FY24. Debtors turnover ratio improved to 15.23x from 13.83x, indicating higher operational efficiency in collections and stock movement.

📈 Strategic Growth

Expected Growth Rate

9-10%

Growth Strategy

Growth is driven by diversifying the product mix into high-margin Acrylonitrile Butadiene Styrene (ABS) with a 140,000 MTPA phased expansion. The company is also expanding its footprint with a greenfield project in Haryana and increasing the share of value-added products like Specialty Polymers & Compounds (SPC) and Extruded Polystyrene (XPS).

Products & Services

Polystyrene (PS), Expandable Polystyrene (EPS), Specialty Polymers and Compounds (SPC), Extruded Polystyrene (XPS) insulation boards, and Acrylonitrile Butadiene Styrene (ABS).

Brand Portfolio

Supreme Petrochem Limited (SPL).

New Products/Services

Acrylonitrile Butadiene Styrene (ABS) production commenced in Q2-FY26; it is expected to significantly diversify the revenue profile over the next 2-3 years as capacity ramps up to 140,000 MTPA.

Market Expansion

Targeting increased domestic penetration through the new Haryana plant to serve North Indian markets and expanding the export footprint which already covers 100+ countries.

Market Share & Ranking

Market leader in India with over 50% combined market share in the PS and EPS segments.

Strategic Alliances

Technical collaboration with ABB Lumus Crest (USA) for the Nagothane plant and M/S Versalis SPA for the new ABS plant technology.

🌍 External Factors

Industry Trends

The industry is seeing a normalization of the 'super-normal' spreads observed in FY2021-2022. Future growth is shifting toward engineering plastics like ABS, which are replacing traditional materials in automotive and appliance sectors.

Competitive Landscape

Primary competition comes from imports (Iran, Thailand, Singapore) and potential new domestic entrants in the EPS segment.

Competitive Moat

Sustainable moat derived from 50%+ market share and being the only major domestic producer after the second-largest competitor shut down in 2021. High entry barriers exist due to the capital-intensive nature of petrochemical plants and established global supply chains for Styrene.

Macro Economic Sensitivity

Highly sensitive to crude oil prices and global petrochemical demand-supply dynamics, which dictate the 'spread' between Styrene and PS.

Consumer Behavior

Increasing demand for energy-efficient construction is driving growth for XPS insulation boards, while the rise in consumer electronics and appliances drives ABS demand.

Geopolitical Risks

Geopolitical tensions in the Middle East could disrupt Styrene supply chains or increase freight costs, impacting the 24% of revenue derived from traded goods and the primary manufacturing feedstock.

⚖️ Regulatory & Governance

Industry Regulations

Subject to environmental norms for petrochemical manufacturing and Bureau of Indian Standards (BIS) for polymer quality. Anti-dumping duties on imports are a critical regulatory support for domestic margins.

Environmental Compliance

The company is adopting Business Responsibility & Sustainability Reporting (BRSR) and ESG practices, though specific compliance costs were not disclosed.

Taxation Policy Impact

Effective tax rate is consistent with Indian corporate statutory rates; no specific fiscal incentives were highlighted.

Legal Contingencies

No material pending court cases or significant legal disputes were disclosed in the provided management reports.

⚠️ Risk Analysis

Key Uncertainties

Raw material price volatility is the primary risk; a sustained decline in operating margins below 5-6% would trigger a credit rating review. Potential impact of 20-30% on quarterly EBITDA during sharp price corrections.

Geographic Concentration Risk

Manufacturing is concentrated in two states (Maharashtra and Tamil Nadu), making it vulnerable to regional disruptions like the Chennai floods of Dec 2025.