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SUPREMEIND - Supreme Inds.

📊 NSE: SUPREMEIND 🏢 Plastics Products 📅 Last Updated: 12/14/2025 13:54

📢 Recent Corporate Announcements

Supreme Industries Reports Strong Financial Ratios for Q3 FY26; Debt-Equity at 0.09

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 26 Feb 2026, 03:31 PM

Supreme Industries has disclosed key financial metrics for the quarter ended December 31, 2025, in compliance with SEBI regulations for its listed commercial papers. The company maintains an exceptionally strong balance sheet with a debt-equity ratio of just 0.09 and a robust interest service coverage ratio of 35.91. For the nine-month period ending December 2025, the company reported a net profit of ₹529.12 crores and an EPS of ₹41.65. These figures highlight the company's high creditworthiness and stable operational margins.

Debt-Equity ratio remains very low at 0.09 times, indicating minimal financial leverage.
Interest Service Coverage Ratio is exceptionally strong at 35.91 times.
Net Worth stood at ₹5,068.31 crores as of December 31, 2025.
Reported a Net Profit After Tax of ₹529.12 crores for the nine-month period with an EPS of ₹41.65.
Operating margin and Net profit margin recorded at 12.10% and 6.80% respectively.

💡 Investors should view these healthy solvency and liquidity ratios as a sign of financial stability. The extremely low debt levels and high interest coverage make it a low-risk profile from a credit perspective.

Supreme Industries Appoints MD M.P. Taparia as Chairman and Managing Director

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 17 Feb 2026, 12:02 PM

Supreme Industries Limited has announced the election of Shri M.P. Taparia as the Chairman of the Board and the Company, effective February 17, 2026. Mr. Taparia, who was already serving as the Managing Director, will now hold the dual role of Chairman and Managing Director (CMD). The decision was finalized during a Board Meeting held on February 17, 2026, which concluded at 11:40 a.m. This move consolidates leadership under a long-standing executive, ensuring continuity in the company's strategic direction.

Shri M.P. Taparia elected as Chairman of the Board and Company effective February 17, 2026.
The appointee will now hold the dual designation of Chairman and Managing Director (CMD).
The Board Meeting confirming the appointment lasted 40 minutes, concluding at 11:40 a.m.
The change was disclosed in compliance with Regulation 30 of SEBI Listing Obligations.

💡 This is a leadership consolidation that signals stability and continuity within the existing management framework. Investors should maintain their current outlook as no major shift in corporate strategy is expected from this internal elevation.

Supreme Industries Appoints Managing Director M.P. Taparia as Chairman and MD

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 17 Feb 2026, 11:58 AM

Supreme Industries Limited has announced that its Board of Directors has elected Shri M.P. Taparia as the Chairman of the Board and the Company, effective February 17, 2026. Shri Taparia, who was already serving as the Managing Director, will now hold the dual role of Chairman and Managing Director (CMD). This internal elevation indicates a focus on leadership stability and continuity in the company's strategic management. The decision was finalized in a board meeting that concluded at 11:40 a.m. on the same day.

Shri M.P. Taparia elected as Chairman of the Board and Company effective February 17, 2026.
The appointee will now serve in the consolidated role of Chairman and Managing Director (CMD).
The board meeting for this election was conducted on February 17, 2026, between 11:00 a.m. and 11:40 a.m.
The transition follows compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should view this as a move for leadership continuity as an experienced internal executive takes the helm. No immediate action is required as this is a routine administrative elevation.

Supreme Industries Schedules Institutional Investor Meets for February 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Feb 2026, 03:18 PM

Supreme Industries Limited has announced a series of meetings with institutional investors and analysts scheduled for February 10, 2026. The event, organized by Axis Capital, will involve one-on-one and group sessions with prominent firms including Allianz Global, Morgan Stanley Investment Management, and HDFC Life Insurance. The company will be represented by its CFO, P.C. Somani, and VP of Corporate Affairs, R.J. Saboo. These meetings are part of the company's regular investor engagement program to discuss business performance and outlook.

Multiple investor meetings scheduled for February 10, 2026, in physical mode.
Participation from over 30 major institutional investors and funds including Eastspring and ICICI Pru Life.
Top management representation including the Chief Financial Officer and Company Secretary.
Meetings organized by Axis Capital featuring both one-on-one and large group formats.
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 No immediate action is required as this is a routine investor relations update. Investors should watch for any subsequent investor presentations or transcripts that may provide updated guidance on the plastics industry outlook.

Supreme Industries Corrects Q3 EPS to Rs. 12.07 Following Filing Error

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 02 Feb 2026, 01:08 PM

Supreme Industries Limited has issued a clarification regarding its consolidated financial results for the quarter ended December 31, 2025. The company identified a clerical error in its initial XBRL filing where the Earnings per Share (EPS) was incorrectly reported as Rs. 12.48. The actual corrected EPS for the third quarter is Rs. 12.07. The company has since submitted the revised XBRL data to the National Stock Exchange to ensure accurate records.

Clarification issued for the quarter ended December 31, 2025, following an NSE query.
Consolidated EPS corrected to Rs. 12.07 from the previously reported Rs. 12.48.
The discrepancy was attributed to an inadvertent error during the XBRL filing process.
Revised financial data has been formally submitted and taken on record by the exchange.

💡 Investors should update their financial models to reflect the corrected EPS of Rs. 12.07 for the quarter. This is a minor administrative correction and does not reflect a change in the company's underlying business operations.

Supreme Industries Announces Demise of Chairman Shri Bajranglal Surajmal Taparia

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 31 Jan 2026, 11:15 AM

Supreme Industries Limited has informed the exchanges of the sad demise of its Chairman, Shri Bajranglal Surajmal Taparia, on January 30, 2026. He served as a Promoter and Non-Executive Director, playing a pivotal role in the company's long-term growth. The company has described his passing as an irreparable loss to the organization. Investors should now look for updates regarding the appointment of a successor to the Chairman's position to ensure leadership continuity.

Demise of Chairman and Promoter Shri Bajranglal Surajmal Taparia on January 30, 2026
The deceased held the position of Non-Executive Director on the Board
Notification filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company management acknowledges the event as an irreparable loss to the Board and employees

💡 Investors should monitor upcoming board meetings for the announcement of a new Chairman and any potential changes in the promoter group's involvement.

Supreme Industries Q3 FY26: Piping Volume Grows 16%, FY26 Margin Guidance Revised to 13.5-14%

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 05:24 PM

Supreme Industries reported a 10% volume growth for 9M FY26, though PAT declined 22% YoY to ₹520 crores due to volatile polymer prices and lower margins. The Plastic Piping segment remains the primary driver, growing 16% in volume during Q3, with total piping capacity set to reach 1 million MT per annum by year-end. Management has revised its full-year EBITDA margin guidance downward to 13.5-14% while maintaining a strong overall volume growth target of 12-14%. The company is also expanding into window profiles and composite LPG cylinders, backed by a total FY26 capex of ₹1,200 crores.

9M FY26 volume grew 10% to 522,018 MT, while PAT fell 22% to ₹520 crores.
Plastic Piping segment saw 16% volume growth in Q3, with a target of 15-17% for the full year.
Total FY26 capex estimated at ₹1,200 crores, including the Wavin business acquisition and new window profile plant.
EBITDA margin guidance for FY26 revised to 13.5-14% from the earlier 14.5-15% range due to pricing volatility.
Received a new LOI for 2 lakh composite LPG cylinders from BPCL to be executed in the current quarter.

💡 Investors should monitor the recovery in polymer prices and the integration of the Wavin acquisition, which are critical for margin improvement. While volume growth remains robust, the downward revision in margin guidance suggests short-term profitability pressure.

Supreme Industries Releases Q3 FY26 Analyst Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Jan 2026, 06:24 PM

Supreme Industries has released the audio recording of its conference call held on January 21, 2026. The call focused on the company's un-audited financial results for the third quarter ended December 31, 2025. This disclosure is a standard regulatory requirement following the announcement of quarterly earnings. Investors can access the recording via the company's website to understand management's perspective on performance and future outlook.

Audio recording of the analyst and investor call held on Jan 21, 2026, is now available.
The call discussed the un-audited financial results for the quarter ended Dec 31, 2025.
The recording link is hosted on the official company website for public access.
The filing ensures transparency and compliance with SEBI listing obligations.

💡 Investors should listen to the recording to gain insights into volume growth and raw material price trends. This will help in assessing the company's operational efficiency and guidance for the next quarter.

Supreme Industries Q3 Results: Revenue Up 7%, PAT Down 18% Amid Margin Pressure

🔵 WATCH ⭐ 8/10

EARNINGS 📅 21 Jan 2026, 01:13 PM

Supreme Industries reported a 6.8% YoY increase in consolidated revenue to ₹2,690.71 crore for Q3 FY26, supported by a healthy 12.9% growth in sales volume. However, consolidated PAT declined by 18% YoY to ₹153.37 crore as operating margins contracted to 12.01% from 13.13% in the previous year. The company is aggressively expanding, with a 9-month capex of ₹1,031 crore and plans to reach a 1 million MT piping capacity by March 2026. Management remains optimistic about volume growth of 12-14% for the full year as polymer prices show signs of stabilization.

Consolidated revenue grew 6.83% YoY to ₹2,690.71 crore, while sales volume increased 12.94% to 183,794 MT.
Consolidated PAT fell 17.97% YoY to ₹153.37 crore due to lower operating margins and volatile commodity prices.
Value-added product sales increased by 16% YoY to ₹1,118 crore, indicating a positive shift in product mix.
Total capex for FY26 is projected at ₹1,200 crore, funded entirely through internal accruals, including the Wavin business acquisition.
Plastic Piping capacity is on track to reach 1 million MT per annum by March 31, 2026, with new production lines for profile windows starting in February 2026.

💡 Investors should monitor the recovery in operating margins as polymer prices stabilize and the newly acquired Wavin business fully integrates. While short-term profitability is under pressure, the company's aggressive capacity expansion and focus on value-added products support a strong long-term growth outlook in the housing and infrastructure sectors.

Supreme Industries Q3 FY26: Revenue Up 7% to ₹2,687 Cr, PAT Declines 11.8% YoY

🔵 WATCH ⭐ 7/10

EARNINGS 📅 21 Jan 2026, 01:08 PM

Supreme Industries reported a 7% YoY increase in revenue to ₹2,687 crore for Q3 FY26, supported by a healthy 13% growth in sales volume reaching 183,794 MT. Despite the top-line growth, profitability was impacted as PAT fell 11.78% YoY to ₹158.47 crore and EBITDA margins contracted to 11.68% from 12.31%. The 9M FY26 performance also reflects margin pressure, with PAT down 16.7% YoY. The Plastic Piping segment remains the dominant contributor, though finance costs spiked significantly by 282% during the quarter.

Sales volume grew 13% YoY to 183,794 MT in Q3 FY26, indicating strong market demand.
Standalone PAT declined 11.78% YoY to ₹158.47 crore due to margin compression and higher costs.
EBITDA margins stood at 11.68% for Q3 FY26, down from 12.31% in the same quarter last year.
Plastic Piping segment revenue increased to ₹1,823 crore, while Packaging Products revenue dipped slightly to ₹390 crore.
Finance costs surged by 282% YoY to ₹11.39 crore in Q3 FY26 compared to ₹2.98 crore in Q3 FY25.

💡 Investors should focus on the company's ability to pass on raw material costs to recover margins, despite the robust volume growth. Monitor the impact of rising finance costs on overall profitability in upcoming quarters.

Supreme Industries Q3 PAT Drops 18% YoY to ₹153 Cr Despite 7% Revenue Growth

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 21 Jan 2026, 12:49 PM

Supreme Industries reported a 7.1% YoY increase in consolidated revenue to ₹2,686.94 crore for Q3 FY26, showing steady demand in its core piping business. However, Consolidated Profit After Tax (PAT) declined by 18% YoY to ₹153.37 crore, primarily due to a sharp rise in finance costs and a lower contribution from its associate, Supreme Petrochem. The bottom line was also impacted by a one-time provision of ₹15.38 crore related to the implementation of new Labour Codes. Segment-wise, Plastic Piping remains the primary driver, though margins across the board faced pressure compared to the previous year.

Consolidated Revenue from operations increased 7.1% YoY to ₹2,686.94 crore.
Consolidated PAT fell 18% YoY to ₹153.37 crore from ₹186.97 crore in Q3 FY25.
Finance costs surged significantly to ₹11.40 crore from ₹2.98 crore in the year-ago quarter.
Share of profit from associate (Supreme Petrochem) declined to ₹9.41 crore from ₹21.96 crore YoY.
Recognized a one-time incremental liability provision of ₹15.38 crore for new Labour Codes.

💡 The results indicate margin pressure and rising interest costs which may weigh on the stock price in the short term. Investors should watch for management commentary on raw material price volatility and the outlook for the piping segment's profitability.

Supreme Industries to Acquire 25% Stake in Vashishtha Research for ₹5 Crores

🟢 POSITIVE ⭐ 7/10

M&A 📅 17 Jan 2026, 05:20 PM

Supreme Industries has entered into a Share Subscription and Shareholders Agreement to invest ₹5 Crores in Vashishtha Research Private Limited. This investment secures a 25% equity stake for Supreme on a fully diluted basis. The partnership is strategic, as Vashishtha will serve as the exclusive technology partner for the development and commercialization of pressure vessels. Supreme also gains the right to nominate a director to the board of Vashishtha Research.

Investment of ₹5 Crores for a 25% equity stake in Vashishtha Research Private Limited
Vashishtha Research to act as the exclusive technology partner for pressure vessel development
Supreme Industries secures the right to nominate one Director to the Vashishtha Board
Agreement includes standard protective clauses such as Right of First Refusal (ROFR)
The transaction is not a related party transaction and is conducted at arm's length

💡 Investors should view this as a positive strategic move to enhance technical expertise in the high-growth pressure vessel segment. Monitor the progress of commercialization of these products as it could diversify Supreme's industrial revenue streams.

Supreme Industries to Host Q3 FY26 Earnings Call on January 21, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Jan 2026, 05:17 PM

Supreme Industries Limited has scheduled its post-earnings conference call for Wednesday, January 21, 2026, at 4:00 PM IST. The call follows the announcement of the company's un-audited financial results for the third quarter ended December 31, 2025. Senior management, including Managing Director M. P. Taparia and CFO P. C. Somani, will be present to discuss performance and answer investor queries. The session is being hosted by DAM Capital Advisors Limited.

Conference call scheduled for January 21, 2026, at 16:00 hrs IST.
Focus on un-audited financial results for the quarter ended December 31, 2025.
Management representation includes MD Mr. M. P. Taparia and CFO Mr. P. C. Somani.
Universal dial-in numbers provided are +91 22 6280 1384 and +91 22 7115 8285.

💡 Investors should monitor the Q3 results release and the subsequent call for management commentary on volume growth and margin outlook. No immediate action is required based on this scheduling announcement.

Supreme Industries Submits SEBI Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 05:34 PM

Supreme Industries has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ended December 31, 2025. The certificate, issued by Bigshare Services Pvt. Ltd., confirms that all share certificates received for dematerialization were processed and listed on stock exchanges. It also verifies that physical certificates were mutilated and cancelled within the mandated 15-day timeframe. This is a standard administrative filing required by all listed companies in India.

Compliance certificate submitted for the quarter ended December 31, 2025
Registrar Bigshare Services Pvt. Ltd. confirmed processing of all dematerialization requests
Requests were confirmed or rejected within the statutory 15-day period
Physical security certificates were mutilated and cancelled after due verification
The name of the depositories has been substituted in the Register of Members as the registered owner

💡 No action is required as this is a routine regulatory disclosure. Investors should continue to monitor the company's operational performance and upcoming quarterly financial results.

Supreme Industries to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 03:20 PM

Supreme Industries Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is specifically for the upcoming declaration of the Unaudited Financial Results for the third quarter ended December 31, 2025. The window will remain closed until 48 hours after the results are officially announced to the exchanges. This is a standard regulatory procedure for listed companies to prevent insider trading before financial disclosures.

Trading window closure begins on January 1, 2026
Closure pertains to the Unaudited Financial Results for the quarter ended December 31, 2025
Window will reopen 48 hours after the Q3 results are declared
Filing is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 This is a routine regulatory announcement with no impact on company fundamentals. Investors should look forward to the actual Q3 earnings release for performance updates.

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💰 Financial Performance

Revenue Growth by Segment

Piping systems grew to 69% of revenue in FY24 (up from 66% in FY23). Industrial goods contributed 14%, Packaging products 13%, and Consumer goods 4%. Overall revenue for H1 FY26 reached INR 5,003 Cr, a 2% YoY increase, while Q2 FY26 revenue was INR 2,394 Cr, up 5% YoY.

Geographic Revenue Split

Not disclosed in available documents, though the company operates 30 plants across India to reduce freight costs and lead times.

Profitability Margins

Operating margins stood at 15.7% in FY24, a 60 bps reduction from FY23 due to PVC price volatility. For H1 FY26, EBITDA margins fell to 12.3% (INR 617 Cr) from 14.5% in the previous year. Management targets an annual operating margin of 14.5% to 15% for FY26.

EBITDA Margin

EBITDA for H1 FY26 was INR 617 Cr, down 13% YoY. Q2 FY26 EBITDA was INR 297 Cr, a 7% YoY decline. The margin compression is attributed to inventory losses and lower realizations despite an 8% YoY growth in sales volume to 338,224 MT in H1 FY26.

Capital Expenditure

Planned capex for FY26 is approximately INR 1,300 Cr, with INR 869 Cr already spent in H1 FY26. Historical capex includes INR 700-800 Cr in FY24 plus INR 150 Cr for the acquisition of Parvati Agro Plast Ltd.

Credit Rating & Borrowing

Maintains a strong credit profile with 'nil' long-term debt. Liquidity is supported by bank lines of INR 1,471 Cr (utilized at 47%) and a net cash surplus of INR 49 Cr as of September 30, 2025.

⚙️ Operational Drivers

Raw Materials

Polyvinyl Chloride (PVC) and other plastic polymers are the primary raw materials. PVC price volatility significantly impacts margins, as seen in the 60 bps margin reduction in FY24 and inventory losses of INR 180 Cr in FY23.

Capacity Expansion

Current installed capacity is approximately 9.5 lakh MT (FY24), expanding to 10.73 lakh MT by March 2025. Recent expansions include greenfield plants in Assam, Tamil Nadu, and Odisha, and the acquisition of Parvati Agro Plast (36,000 MTPA).

Raw Material Costs

Raw material costs are highly volatile; the company experienced inventory losses of INR 40 Cr in H1 FY24 and INR 180 Cr in FY23. Supreme manages this through a price pass-through mechanism to customers.

Manufacturing Efficiency

The company operates 30 plants nationwide to minimize freight costs. Volume growth was 26% in FY24 and 8% in H1 FY26, indicating high capacity utilization despite realization pressures.

Logistics & Distribution

Distribution is handled through a massive network of 5,753 distributors. The decentralized manufacturing strategy (30 plants) is specifically designed to reduce logistics costs as a percentage of revenue.

📈 Strategic Growth

Expected Growth Rate

9-10%

Growth Strategy

Growth is driven by a INR 1,300 Cr capex plan for FY26, focusing on new segments like window profiles (INR 200 Cr investment) and silent pipe systems (INR 80 Cr). The company is also integrating Wavin's operations, expecting regular margins from November 2025, and targeting a total turnover of INR 11,000 to 11,500 Cr for FY26.

Products & Services

Piping systems, cross-laminated films, protective packaging, industrial moulded components, moulded furniture, storage and material handling products, performance packaging films, composite LPG cylinders, and window profiles.

Brand Portfolio

Supreme, Wavin (acquired/licensed), Parvati Agro Plast.

New Products/Services

New product launches include window profiles and silent pipe systems. Value-added products now contribute ~40% of total revenue, up from 36% in FY23, supporting higher overall profitability.

Market Expansion

Expansion into new regions via greenfield plants in Assam, Tamil Nadu, and Odisha. The company is also scaling its distribution network, which grew from 4,300 to 5,753 distributors within two years.

Market Share & Ranking

Supreme is India's leading processor of plastic with a healthy market position across all four business segments.

Strategic Alliances

Maintains a 30.78% stake in associate company Supreme Petrochem Ltd and a collaboration with international manufacturers for product development.

🌍 External Factors

Industry Trends

The industry is seeing increased usage of plastic products in households and growth in the real estate sector. Supreme is positioning itself by shifting toward value-added products (40% share) and expanding capacity to 1.07 million MTPA.

Competitive Landscape

Faces intense competition from both organized and unorganized players in the plastic processing industry, particularly in the piping and consumer goods segments.

Competitive Moat

Moat is built on a massive distribution network (5,753 distributors), 30 manufacturing plants providing logistical advantages, and a high share of value-added products. These factors provide cost leadership and high switching costs in the B2B piping segment.

Macro Economic Sensitivity

Highly sensitive to GDP growth, real estate cycles, and government-led agricultural initiatives. Extended monsoons in H1 FY25 led to a moderation in operating performance.

Consumer Behavior

Increasing consumer preference for branded, high-quality plastic furniture and advanced piping solutions for real estate.

Geopolitical Risks

Exposure to global raw material price volatility (PVC) which is influenced by international crude and petrochemical trends.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to environmental and manufacturing standards for plastic processing. The company must comply with various local regulations across its 30 plant locations.

Environmental Compliance

Supreme is committed to ESG principles, with 50% of the board comprising independent directors and a split between the Chairman and CEO roles.

Taxation Policy Impact

The company maintains a policy of prompt payment of applicable taxes. A recent notice regarding tax compliance was received, but the company emphasized its commitment to high standards.

Legal Contingencies

The company received a notice regarding tax compliance (details in Annexure A of the announcement), but specific case values in INR were not disclosed in the provided text.

⚠️ Risk Analysis

Key Uncertainties

Volatility in raw material prices (PVC) can lead to significant inventory losses (e.g., INR 180 Cr). Demand is also subject to monsoon variability affecting the agricultural segment.

Geographic Concentration Risk

Low geographic risk due to 30 plants spread across India, including recent additions in the North-East (Assam), South (Tamil Nadu), and East (Odisha).

Technology Obsolescence Risk

The company mitigates technology risk through international collaborations and investments in new product lines like silent pipes and window profiles.