Supreme Infrastructure India Limited (SUPREMEINF)
₹56.09 +3.37% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Supreme Infrastructure's revenue was ₹14.0 Cr (+95.8% year on year, -52.7% on the previous quarter), and net profit ₹-60.0 Cr (a smaller loss than a year earlier); the operating margin was -21.4%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹14.0 | +95.8% | -52.7% |
| Operating profit | ₹-3.0 | loss narrowed | to loss |
| Net profit | ₹-60.0 | loss narrowed | loss widened |
| EPS (₹) | -6.19 | loss narrowed | loss narrowed |
| Operating margin | -21.4% | — | — |
SUPREMEINF delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 77.53% of the SUPREMEINF shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.04%. That is higher than usual for this stock. Turnover was only ₹57 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 65.9% · 78.8% · 68.1% · 73.4% · 77.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Supreme Infrastructure India Limited has received approval from the Registrar of Companies (ROC), Mumbai, granting an extension of 1 month and 15 days to hold its Annual General Meeting (AGM) for FY26. The AGM, originally due by September 30, 2026, can now be conducted up to November 15, 2026. The approval follows the company's application filed on September 7, 2026, under Section 96(1) of the Companies Act, 2013. The company stated that the final AGM date and the FY26 Annual Report will be released in due course.
- Extension granted by ROC Mumbai for 01 Month & 15 days.
- New deadline to hold FY26 AGM extended up to November 15, 2026 (from September 30, 2026).
- Application for extension was submitted under SRN AC5884645 on September 07, 2026.
- ROC letter dated September 16, 2026, cautions the company to be careful regarding statutory compliance in the future.
Supreme Infrastructure India Limited has appointed Dr. Prabhakant (IRS, Retd. Chief Commissioner of Income Tax) as an Additional Non-Executive Independent Director, effective September 15, 2026. The appointment is subject to shareholder approval and was recommended by the Nomination and Remuneration Committee. Dr. Prabhakant brings over 30 years of experience across taxation, enforcement, and administration to the board. The change comes as the company navigates high debt of Rs 1,436 Cr against TTM revenue of Rs 65 Cr.
- Appointment of Dr. Prabhakant (DIN: 11640370) effective September 15, 2026
- Appointee brings 30+ years of regulatory, taxation, and administrative experience as a retired Chief Commissioner of Income Tax
- Board meeting commenced at 4:45 pm and concluded at 4:50 pm on September 15, 2026
- Appointment is subject to the approval of shareholders
Supreme Infrastructure India Limited announced a court-approved resolution plan for its former subsidiary, Kopargaon Ahmednagar Tollways (Phase I) Private Limited. Under the plan, its corporate guarantee exposure is slashed by nearly 80% (₹143.49 crore reduction) from ~₹180 crore to ₹36.51 crore. The ₹36.51 crore settlement extinguishes financial creditor claims and will lead to the release of associated guarantees and charges upon payment completion. Furthermore, client receivables against claims will remain with Supreme Infrastructure post-lender payments.
- Corporate guarantee exposure reduced from approximately ₹180 crore to ₹36.51 crore.
- Contingent liability cut by ₹143.49 crore, or nearly 80%, through a court-approved resolution plan.
- Settlement claims resolved for an aggregate amount of ₹3,651 lakh (₹36.51 crore).
- Company retains client receivables against claims of the project post payment to lenders.
Supreme Infrastructure India reported revenue from operations of ₹24.12 crore for the quarter ended June 30, 2026, marking a ~190% YoY surge and a 73.7% sequential rise from ₹13.89 crore in Q4FY26. The net loss for the quarter narrowed slightly to ₹59.14 crore from a loss of ₹60.24 crore in Q4FY26. The company reported a net worth of ₹178.09 crore. Operationally, the company reached a key financial milestone under its Scheme of Compromise and Arrangement by depositing a ₹120 crore Fixed Deposit with State Bank of India to satisfy remaining lender settlement dues.
- Revenue from operations increased ~190% YoY to ₹24.12 crore compared to ₹13.89 crore in Q4FY26
- Net loss after tax reported at ₹59.14 crore vs ₹60.24 crore in Q4FY26
- Reported positive net worth of ₹178.09 crore
- Created a Fixed Deposit of ₹120 crore with lead bank SBI to meet balance obligations under the Scheme of Compromise and Arrangement
Supreme Infrastructure India Limited has submitted copies of newspaper publications regarding its Unaudited Financial Results for the quarter ended June 30, 2026. The results were approved by the Board of Directors in its meeting held on August 14, 2026. The notices were published on August 15, 2026, in Financial Express (English) and Mumbai Lakshdeep (Marathi). This is a routine regulatory compliance filing and contains no fresh operational or financial updates.
- Unaudited financial results published for the quarter ended June 30, 2026
- Results were formally approved by the Board of Directors on August 14, 2026
- Advertisements published in Financial Express and Mumbai Lakshdeep on August 15, 2026
- Submission made under Regulation 30 and Regulation 47 of SEBI LODR Regulations, 2015
Supreme Infrastructure India Limited announced the outcome of its Board of Directors meeting held on August 14, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the statutory auditor's limited review report. Additionally, the Board approved the Directors' Report for FY26, finalized the notice convening the upcoming Annual General Meeting (AGM), and appointed a scrutinizer. Detailed line-item financial metrics were not included in the outcome cover letter.
- Board approved unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026.
- Board's Report for the financial year ended March 31, 2026, and the AGM notice were formally approved.
- The meeting commenced at 7:30 PM and concluded at 8:35 PM on August 14, 2026.
- Statutory auditor review reports on the Q1 results were submitted to the exchange.
Supreme Infrastructure India Limited (SIIL) has achieved a major milestone in its debt restructuring by creating a ₹120 Crore Fixed Deposit with State Bank of India. This deposit is intended to satisfy the balance settlement obligations under the court-sanctioned Scheme of Compromise and Arrangement. The Hon'ble Company Court has taken this on record and set a deadline of August 17, 2026, for the completion of procedural banking and escrow formalities. This move is critical for the company, as the ₹120 Cr deposit represents over 200% of its TTM revenue of ₹58 Cr.
- ₹120 Crores Fixed Deposit created with State Bank of India to meet balance settlement obligations.
- August 17, 2026, set as the deadline by the Hon'ble Company Court for final procedural formalities.
- Settlement amount of ₹120 Cr is approximately 207% of the company's TTM revenue of ₹58 Cr.
- SBICAP Trustee Company Limited appointed as the escrow agent for the final fund distribution.
- Restructuring aims to address a total debt burden of ₹1,436 Cr as per latest financial context.
Supreme Infrastructure India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Bigshare Services Pvt. Ltd., confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within the mandated 15-day period. This is a standard administrative filing confirming that physical shares were mutilated and cancelled after being converted to electronic form. There is no impact on the company's financial position or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation that dematerialization requests were processed within 15 days of receipt
- Registrar and Share Transfer Agent (RTA) identified as Bigshare Services Pvt. Ltd.
- Verification that security certificates were mutilated and cancelled after dematerialization
Supreme Infrastructure India Limited has published its audited standalone and consolidated financial statements for the quarter and year ended March 31, 2026, in compliance with SEBI Regulations 30 and 47. The results were approved by the Board on July 09, 2026, and appeared in the Financial Express and Mumbai Lakshdeep on July 14, 2026. This is a procedural disclosure; however, the company's financial context remains critical with a debt of ‡1,436 Cr against a TTM revenue of only ‡58 Cr. The high TTM PAT of ‡5,495 Cr likely reflects exceptional items or debt restructuring gains rather than core operational performance.
- Board of Directors approved the FY26 audited financial statements on July 09, 2026
- Newspaper publication completed on July 14, 2026, in English and Marathi languages
- Company carries a significant debt load of ‡1,436 Cr as per latest financial context
- TTM Revenue stands at ‡58 Cr, representing a high debt-to-revenue multiple of 24.7x
Supreme Infrastructure reported a massive Profit After Tax (PAT) of ₹5,796.43 Cr for FY26, primarily driven by the successful implementation of a lender-approved Scheme of Arrangement and debt waivers. The company restored its net worth to a positive ₹237.2 Cr and settled obligations with 11 out of 14 lenders. While revenue remained flat at ₹65.33 Cr, the company secured new contracts worth over ₹100 Cr, which is approximately 153% of its annual revenue, signaling an operational restart.
- Reported a Profit After Tax (PAT) of ₹5,796.43 Cr in FY26, a massive turnaround from a loss of ₹1,426.31 Cr in FY25.
- Restored positive net worth to ₹237.2 Cr through debt resolution and equity infusion from strategic investors.
- Secured new contracts aggregating to more than ₹100 Cr during the year, strengthening the order book.
- Successfully settled with 11 out of 14 lenders, obtaining No Objection Certificates (NOCs) and releasing security charges.
- EBITDA loss narrowed significantly to ₹1.68 Cr in FY26 from a loss of ₹50.87 Cr in FY25.
Supreme Infrastructure India Limited has reorganized its Audit, Nomination & Remuneration, and Stakeholders' Relationship Committees effective July 09, 2026. Mr. Chander Parkash Sharma, an Independent Director, has been appointed as the Chairperson for both the Audit and Stakeholders' Relationship Committees. Mrs. Kaveri Ramchandra Deshmukh, also an Independent Director, will lead the Nomination and Remuneration Committee. This administrative update ensures the company remains compliant with SEBI Listing Obligations and Disclosure Requirements (LODR).
- 3 major board committees were reconstituted: Audit, Nomination & Remuneration, and Stakeholders' Relationship.
- Mr. Chander Parkash Sharma (DIN: 02143588) appointed as Chairperson for 2 of the 3 committees.
- Each committee now comprises 2 Independent Directors and 1 Non-Independent Director.
- Mrs. Kaveri Ramchandra Deshmukh (DIN: 09290507) appointed as Chairperson of the Nomination and Remuneration Committee.
Supreme Infrastructure India Limited approved its FY26 results, which are heavily impacted by a 'Qualified Opinion' from statutory auditors. The auditors have questioned the recoverability of ₹756.44 Cr in stagnant trade receivables and over ₹1,582 Cr in investments and receivables from subsidiaries currently under Corporate Insolvency Resolution Process (CIRP). Despite these subsidiaries being in insolvency, management has not made Expected Credit Loss (ECL) adjustments, potentially overstating the company's net worth. Additionally, the company reconstituted its board committees, including the Audit and Nomination committees.
- Auditors flagged ₹756.44 Cr in trade receivables and ₹6.50 Cr in unbilled revenue that have seen no movement for a substantial period.
- Investment of ₹1,425.57 Cr in subsidiary SIBPL is under CIRP, with auditors unable to verify its carrying value.
- Investment of ₹156.77 Cr and receivables of ₹70.17 Cr in SPITPL are at risk following insolvency and a rejected conciliation proposal with NHAI.
- Total flagged assets of approximately ₹2,338 Cr represent nearly 3.7x the company's current market capitalization of ₹620 Cr.
- The Board reconstituted the Audit Committee with Mr. Chander Parkash Sharma as Chairperson.
Supreme Infrastructure India Limited has received listing approval from BSE for 7,67,000 equity shares of face value ₹10 each. These shares were issued at a premium of ₹76.94 per share, following the conversion of warrants previously allotted to a non-promoter on a preferential basis. The total issuance price per share stands at ₹86.94. While listing approval is secured, the shares will be available for trading only after the company receives final trading approval from the exchange.
- Listing approval received for 7,67,000 equity shares from BSE Limited.
- Shares issued at a total price of ₹86.94, including a premium of ₹76.94.
- Issuance resulted from the conversion of warrants allotted on a preferential basis to a non-promoter.
- Trading of these shares is pending final trading approval and completion of formalities.
Supreme Infrastructure India Limited (SIIL) has secured a 60-day extension from its remaining three lenders to complete its debt settlement scheme under Section 230 of the Companies Act. The company has already demonstrated the availability of funds and made substantial payments as per the NCLT order dated May 11, 2026. The extension was recommended by a Court-Appointed Commissioner to allow the remaining lenders to complete internal ratification and operationalize the escrow mechanism.
- Extension of 60 days granted by the remaining three lenders to complete balance obligations under the Scheme.
- Company has already made substantial payments and demonstrated availability of balance funds for settlement.
- The extension follows a meeting chaired by a Court-Appointed Commissioner to review implementation status.
- NCLT order dated May 11, 2026, serves as the basis for the ongoing settlement process.
Mr. Sushil Kumar Mishra (DIN: 06411532) has ceased to be an Independent Director of Supreme Infrastructure India Limited effective from the close of business hours on June 03, 2026. The cessation is a routine event resulting from the completion of his designated term as an Independent Director. The company has formally acknowledged his contributions and guidance provided during his tenure. This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Mr. Sushil Kumar Mishra ceased to be an Independent Director effective June 03, 2026.
- The change is due to the completion of his term and not a resignation or removal.
- The company has placed on record appreciation for his guidance and support during his tenure.
- The notification was filed with BSE and NSE on June 04, 2026, following the effective date.
Financial Performance
Revenue Growth by Segment
Standalone revenue for Q2 FY17 was INR 194.05 Cr, representing a 41.8% YoY decline from INR 333.65 Cr. Segmental order book as of Sept 2016 was dominated by Roads/Bridges at INR 2,264 Cr (68%), followed by Buildings at INR 736 Cr (22%), Power at INR 236 Cr (7%), and Railways at INR 64 Cr (2%).
Geographic Revenue Split
The order book as of Sept 2016 shows a heavy concentration in the West region at 72%, followed by the East at 16% and the North at 12%.
Profitability Margins
Consolidated Q2 FY26 income was INR 13.56 Cr against expenses of INR 173.70 Cr, resulting in a loss before tax of INR 160.15 Cr. However, a massive exceptional gain led to a PAT of INR 6,305.92 Cr. Historically, EBITDA margins declined from 21.8% in Q2 FY16 to 15.8% in Q2 FY17.
EBITDA Margin
EBITDA margin for Q2 FY17 was 15.8%, a decrease of 604 bps from 21.8% in Q2 FY16. EBITDA fell 57.9% YoY to INR 30.65 Cr.
Capital Expenditure
Historical project costs for BOT portfolios include INR 1,206 Cr for Panvel Indapur and INR 1,045 Cr for Jaipur Ring Road. Recent specialized piling contracts like One Forest Avenue (INR 71.31 Cr) indicate a shift toward high-margin foundation works.
Credit Rating & Borrowing
Borrowing costs are high, evidenced by a 20% per annum coupon rate on INR 25 Cr of Secured Non-Convertible Debentures (NCDs) issued in Dec 2025. Historical interest costs were INR 67.77 Cr in Q2 FY17, up 7.2% YoY.
Operational Drivers
Raw Materials
Key raw materials include aggregates, asphalt, and Ready-Mix Concrete (RMC). The company manages costs through backward integration, owning its own quarries, crushers, and hot mix plants.
Import Sources
Sourced locally across 13 operational states, primarily Maharashtra, Rajasthan, Punjab, and West Bengal, to support regional EPC projects.
Key Suppliers
Not disclosed in available documents; however, the company utilizes its own internal supply chain for aggregates and asphalt.
Capacity Expansion
Current capacity includes 11 BOT projects (4 operational, 7 under construction as of 2016). Specialized piling capacity is demonstrated by the 4,50,000 cubic meter excavation and 300 mm shore piling capability for the One Forest Avenue project.
Raw Material Costs
Raw material costs are managed through backward integration. Total expenses for Q2 FY26 were INR 173.70 Cr, significantly exceeding operational income of INR 13.56 Cr.
Manufacturing Efficiency
Efficiency is driven by the backward integrated model, allowing for better quality control and cost management in complex infrastructure projects.
Logistics & Distribution
Distribution is handled internally through a fleet supporting 13 states, primarily focused on the West region (72% of order book).
Strategic Growth
Expected Growth Rate
5-7%
Growth Strategy
Growth is targeted through high-value specialized foundation and piling contracts (e.g., INR 71.31 Cr One Forest Avenue project) and a focus on high-margin commercial real estate sectors. The company is also undergoing financial and operational restructuring to stabilize its balance sheet, which currently shows negative reserves of INR 6,257.65 Cr.
Products & Services
EPC services for roads, highways, buildings, bridges, railways, power, and water infrastructure; specialized deep-excavation and geotechnical piling works.
Brand Portfolio
Supreme Infrastructure India Limited (SIIL).
New Products/Services
Expansion into high-margin commercial real estate foundation works, expected to contribute significantly to topline growth following the INR 71.31 Cr Brookfield-backed contract win.
Market Expansion
Targeting high-value urban infrastructure projects in Mumbai and specialized IT parks in West Bengal (INR 25.25 Cr) and Kolkata (INR 55.73 Cr).
Strategic Alliances
Strategic JV with 3i, which holds a 49% stake in several BOT projects including Ahmednagar Kopargoan and Ahmednagar Karmala.
External Factors
Industry Trends
The industry is shifting toward specialized EPC and foundation works. SIIL is positioning itself for high-margin commercial developments to offset the capital-intensive nature of traditional BOT projects.
Competitive Landscape
Competes with major EPC players for NHAI and PWD contracts; specialized competition in piling from geotechnical firms.
Competitive Moat
The primary moat is the backward integrated model (quarries and crushers), which provides a cost advantage over competitors who must source aggregates externally. This is sustainable as long as quarrying rights are maintained.
Macro Economic Sensitivity
Highly sensitive to government infrastructure spending and NHAI awarding cycles, as Roads/Bridges constitute 68% of the order book.
Consumer Behavior
Increased demand for world-class commercial infrastructure in Mumbai, driving the need for specialized deep-excavation services.
Geopolitical Risks
Primarily domestic risks related to state-level regulatory changes in the 13 states of operation.
Regulatory & Governance
Industry Regulations
Subject to SEBI (LODR) Regulations 2015 and state-specific PWD/NHAI construction standards.
Environmental Compliance
Maintains ISO-9001/14001 and OHSAS-18001 certifications for quality and environmental management.
Legal Contingencies
The company is undergoing significant financial and operational restructuring, evidenced by negative reserves of INR 6,257.65 Cr and a massive exceptional gain of ~INR 6,466 Cr in Q2 FY26.
Risk Analysis
Key Uncertainties
Financial stability is a major risk, with negative reserves of INR 6,257.65 Cr. Debt servicing at 20% interest rates poses a significant liquidity risk.
Geographic Concentration Risk
72% of the order book is concentrated in the West region (primarily Maharashtra), creating high regional policy risk.
Third Party Dependencies
High dependency on awarding authorities like NHAI and PWD for 68% of the order book.
Technology Obsolescence Risk
Low risk in traditional EPC, but requires ongoing investment in specialized piling and geotechnical equipment.
Credit & Counterparty Risk
Exposure to government receivables and private developers like Brookfield; receivables quality is critical given the current financial restructuring.
