SUPREME - Supreme Holdings
📢 Recent Corporate Announcements
Supreme Holdings & Hospitality (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ended December 31, 2025. The certificate, issued by MUFG Intime India Private Limited, confirms that all share certificates received for dematerialization were processed and confirmed to depositories. It also verifies that the physical certificates were mutilated and cancelled as per regulatory requirements. This is a standard procedural filing to ensure the integrity of electronic shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime).
- Confirms that dematerialized securities are listed on the relevant stock exchanges.
- Verification that physical certificates were cancelled and replaced by depository names in the register of members.
Supreme Holdings & Hospitality (India) Limited has announced the closure of its trading window starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q3 financial results. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the unaudited financial results for the quarter ended December 31, 2025, are declared. The specific date for the board meeting to approve these results will be communicated at a later time.
- Trading window closure begins on Thursday, January 1, 2026.
- Closure pertains to the declaration of unaudited financial results for the quarter ended December 31, 2025.
- The window will reopen 48 hours after the financial results are officially announced.
- The restriction applies to all designated persons and their immediate relatives as per the Company's Code of Conduct.
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment. Standalone revenue from operations for H1 FY26 was INR 25.62 Lakhs, representing a 99.45% decline from INR 4,639.01 Lakhs in H1 FY25. This sharp decrease is characteristic of real estate revenue recognition cycles.
Geographic Revenue Split
Operations are concentrated in Maharashtra, India, with key project locations and offices in Pune and Panvel (Codename Infinity).
Profitability Margins
Net Profit Margin for FY25 was 15.70%, an improvement of 554 bps YoY. For H1 FY26, standalone Net Profit was INR 48.36 Lakhs, a 93.8% decrease from INR 779.09 Lakhs in H1 FY25, primarily sustained by other income of INR 223.02 Lakhs.
EBITDA Margin
Operating Profit before working capital changes for H1 FY26 was INR (167.10) Lakhs, a 118.7% decrease from INR 894.38 Lakhs in H1 FY25. Core operational profitability was impacted by the significant drop in revenue from operations.
Capital Expenditure
Purchase of Property, Plant, and Equipment (PPE) in H1 FY26 was INR 65.46 Lakhs, compared to INR 2.89 Lakhs in H1 FY25, indicating increased investment in fixed assets.
Credit Rating & Borrowing
Non-current borrowings stood at INR 25.94 Lakhs as of September 30, 2025, compared to nil as of March 31, 2025. Current borrowings were minimal at INR 0.05 Lakhs.
Operational Drivers
Raw Materials
Construction materials including steel, cement, and aggregates required for real estate development projects like Belmac Panvel.
Import Sources
Primarily sourced from domestic suppliers within Maharashtra and other parts of India.
Key Suppliers
Not specifically named, but the company reported advances to contractors and suppliers totaling INR 133.35 Lakhs in H1 FY26.
Capacity Expansion
Ongoing development of real estate projects including 'Belmac Panvel' and the 'Codename Infinity' project in Panvel.
Raw Material Costs
Cost of sales and other operational expenses for H1 FY26 were INR 27.08 Lakhs, a 99.17% decrease from INR 3,285.24 Lakhs in H1 FY25, tracking the decline in recognized revenue.
Manufacturing Efficiency
The company reported significant changes (>25%) in inventory turnover and trade receivable turnover ratios due to the cyclical nature of real estate sales and revenue recognition.
Strategic Growth
Growth Strategy
The company focuses on the development and sale of residential and hospitality projects in Pune and Panvel. Growth is driven by project launches like 'Codename Infinity' and the execution of the 'Belmac' brand strategy.
Products & Services
Residential apartments, commercial spaces, and hospitality services.
Brand Portfolio
Belmac, Supreme Holdings & Hospitality.
New Products/Services
New real estate project phases under the 'Codename Infinity' brand in Panvel.
Market Expansion
Targeted expansion within the high-growth corridors of Panvel and Pune in Maharashtra.
Strategic Alliances
Subsidiaries include Helmet Traderz Limited, Belmaac City Developers Private Limited (100%), and Visana Infrastructure Private Limited.
External Factors
Industry Trends
The industry is shifting toward branded developers and integrated townships. Supreme is positioning itself through the 'Belmac' brand to capture demand for premium residential spaces.
Competitive Landscape
Competes with regional and national real estate developers in the Mumbai Metropolitan Region (MMR) and Pune markets.
Competitive Moat
Moat is based on brand recognition in the Pune/Panvel micro-markets and a strong asset base with total equity of INR 56,543.21 Lakhs.
Macro Economic Sensitivity
Highly sensitive to interest rate changes affecting home loan affordability and GDP growth influencing real estate demand in Maharashtra.
Consumer Behavior
Increasing consumer preference for branded developers with a track record of project delivery and modern amenities.
Geopolitical Risks
Minimal impact due to domestic focus, though global supply chain issues could indirectly affect construction material costs.
Regulatory & Governance
Industry Regulations
Subject to RERA (Real Estate Regulatory Authority) norms, local municipal building codes, and environmental clearances for construction.
Taxation Policy Impact
Standalone current tax expense for H1 FY26 was INR 0.69 Lakhs compared to INR 243.94 Lakhs in H1 FY25.
Legal Contingencies
Pending litigation includes cases at the Appellate Authority (Commissioner level) involving an aggregate amount of INR 14.23 Lakhs.
Risk Analysis
Key Uncertainties
Significant revenue volatility (99.45% YoY decline) due to the timing of project completions and revenue recognition under Ind-AS.
Geographic Concentration Risk
High concentration risk with projects primarily located in the Pune and Panvel regions of Maharashtra.
Third Party Dependencies
Heavy reliance on external contractors for project execution, with advances of INR 133.35 Lakhs paid to suppliers/contractors.
Technology Obsolescence Risk
Low risk for real estate, though the company must adapt to digital sales and modern construction technologies.
Credit & Counterparty Risk
Trade receivables stood at INR 2,609.45 Lakhs as of March 31, 2025, with the turnover ratio increasing due to higher receivables relative to turnover.