Supreme Industries' stock climbed 3% on Monday, August 17, following a significant upgrade from brokerage firm Nuvama Institutional Equities. The stock was upgraded to 'Buy' from 'Hold' and the price target was raised to ₹4,087 from ₹3,777 earlier. According to CNBC TV18, the upgrade reflects strong recovery in volume growth while maintaining healthy margins despite rising PVC prices, with downside protection supported by minimum import price (MIP) measures.
For the quarter ending June 2026, Supreme Industries reported consolidated revenue of ₹2,717.66 crore, representing a slight increase from ₹2,609.21 crore in June 2025. As reported by Moneycontrol, the company's consolidated net profit showed notable growth, reaching ₹207.67 crore in June 2026, up from ₹177.12 crore in June 2025. The quarterly earnings per share (EPS) stood at ₹22.10 for Q1 FY27.
Supreme Industries has committed ₹500 crore in capex for FY27 and aspires to spend up to ₹1,000 crore in total. According to CNBC TV18, the planned investment will fund new plants at Gadegaon, Patna and Jammu, a new material-handling facility at Malanpur, brownfield expansions, new SKUs, replacement of old equipment and land acquisitions in Pondicherry and Erode. The company's aggressive expansion strategy is expected to drive growth through improved capacity and enhanced product offerings.
Nuvama expects Supreme Industries to deliver strong Q2 and H2FY27 performance following a challenging period marked by PVC price volatility. The brokerage raised its FY27E/FY28E/FY29E EPS estimates by 11%/10%/7% respectively, driven by improving channel sentiment and firm PVC price hikes. As reported by CNBC TV18, the company is expected to improve its RoCE from around 20% in FY26 to about 24% by FY28E, driven by higher operating leverage and greater contribution from value-added products, despite elevated capex requirements.
Supreme Industries announced a final dividend of ₹25.00 per share (1250%) with an effective date of June 25, 2026. As reported by Moneycontrol, the company also declared an interim dividend of ₹11.00 per share (550%) on October 27, 2025, with an effective date of November 3, 2025. The company maintains a debt-free balance sheet with a debt-to-equity ratio of 0.00 as of March 2026.
