Supreme Petrochem

₹714.2 26.6 | 3.9%

WEBSITE BSE:500405 NSE : SUPREME PET 10 May, 16:01

Market Cap ₹13430 Cr.

Stock P/E 38.8

P/B 6.7

Current Price ₹714.2

Book Value ₹ 107.4

Face Value 2

52W High ₹782.8

Dividend Yield 1.26%

52W Low ₹ 353.3

Edit Ratio

Supreme Petrochem Research see more...

Overview Inc. Year: 1989Industry: Chemicals

Supreme Petrochem Ltd is an primarily India-based business enterprise, which is in particular engaged inside the commercial enterprise of styrenics. The Company's number one operating section is Styrenics business. The Company manufactures polystyrene (PS), expandable polystyrene (EPS), masterbatches and compounds of styrenics and other polymers, extruded polystyrene insulation board (XPS) styrene methyl methacrylate (SMMA) with manufacturing centers at Amdoshi district Raigad,and Manali New Town, Chennai, Tamil Nadu and Maharashtra. The Company's product providing includes High Impact Polystyrene (HIPS), Masterbatches and Compounds, General Purpose Polystyrene (GPPS), SMMA and Compounds, Expandable Polystyrene (EPS), and XPS INSUboard.

Supreme Petrochem Share Price

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Peer Comparison

Supreme Petrochem Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1296	1498	1485	1235	1180	1387	1225	1278	1188	1563
Other Income	8	9	12	12	14	21	18	16	16	19
Total Income	1304	1507	1497	1246	1195	1408	1243	1293	1203	1582
Total Expenditure	1072	1190	1234	1156	1061	1179	1135	1171	1093	1388
Operating Profit	233	317	264	91	133	229	108	122	110	194
Interest	1	1	1	1	1	1	1	2	3	2
Depreciation	11	10	11	11	11	14	14	14	15	16
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	221	305	252	78	121	215	94	106	92	177
Provision for Tax	56	80	63	18	32	56	24	28	25	45
Profit After Tax	165	225	189	60	90	159	69	78	68	132
Adjustments	0	0	-0	-0	0	0	0	0	0	0
Profit After Adjustments	165	225	189	60	90	159	69	78	68	132
Adjusted Earnings Per Share	8.8	30	10.1	3.2	4.8	8.5	3.7	4.2	3.6	7

Supreme Petrochem Profit & Loss

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2967	3264	2653	2068	2919	3027	3194	2724	3185	5032	5287	5254
Other Income	5	6	3	4	7	8	10	12	21	31	59	69
Total Income	2973	3270	2656	2072	2926	3035	3204	2736	3206	5063	5346	5321
Total Expenditure	2811	3175	2559	1964	2621	2830	3100	2576	2515	4126	4626	4787
Operating Profit	162	96	96	107	305	204	103	160	691	937	720	534
Interest	24	23	17	5	5	5	4	6	8	7	6	8
Depreciation	28	29	24	17	22	21	23	36	39	42	47	59
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	110	44	56	85	278	179	76	118	644	888	667	469
Provision for Tax	37	14	20	28	98	63	27	15	166	225	169	122
Profit After Tax	73	31	36	57	179	116	49	103	477	663	498	347
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	73	31	36	57	179	116	49	103	477	663	498	347
Adjusted Earnings Per Share	3.8	1.6	1.8	3	9.3	6	2.5	5.3	25.4	35.3	26.5	18.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	25%	12%	6%
Operating Profit CAGR	-23%	65%	29%	16%
PAT CAGR	-25%	69%	34%	21%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	91%	27%	47%	37%
ROE Average	30%	45%	32%	24%
ROCE Average	40%	62%	43%	36%

Supreme Petrochem Balance Sheet

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	353	364	376	415	582	646	642	673	1065	1516	1844
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	32	9	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	51	52	51	52	53	54	58	61	69	58	45
Total Current Liabilities	592	558	454	471	494	596	520	521	622	705	842
Total Liabilities	1028	984	881	938	1130	1296	1221	1255	1755	2278	2731
Fixed Assets	366	371	345	333	337	333	331	371	359	337	527
Other Non-Current Assets	45	25	27	20	21	24	37	17	31	196	176
Total Current Assets	618	588	509	585	771	939	853	867	1365	1745	2029
Total Assets	1028	984	881	938	1130	1296	1221	1255	1755	2278	2731

Supreme Petrochem Cash Flow

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	37	28	23	32	71	98	239	289	311	577	931
Cash Flow from Operating Activities	120	95	80	84	69	213	133	119	435	671	324
Cash Flow from Investing Activities	-22	-3	-5	-5	-25	-15	-27	-7	-64	-140	-149
Cash Flow from Financing Activities	-107	-96	-66	-40	-16	-57	-56	-90	-104	-177	-194
Net Cash Inflow / Outflow	-9	-5	9	39	27	141	50	22	266	354	-19
Closing Cash & Cash Equivalent	28	23	32	71	98	239	289	311	577	931	912

Supreme Petrochem Ratios

#	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.76	1.59	1.85	2.96	9.3	6.02	2.55	5.32	25.39	35.27	26.49
CEPS(Rs)	5.19	3.07	3.07	3.84	10.45	7.09	3.76	7.19	27.47	37.5	28.97
DPS(Rs)	0.5	0.3	0.3	0.3	0.9	0.9	0.6	1.1	3	7.8	9
Book NAV/Share(Rs)	18.22	18.87	19.5	21.49	30.16	33.45	33.29	34.91	56.63	80.6	98.06
Core EBITDA Margin(%)	4.72	2.48	3.16	4.4	9.24	6.32	2.92	5.39	20.78	17.92	12.45
EBIT Margin(%)	4.04	1.86	2.46	3.83	8.78	5.91	2.51	4.52	20.23	17.7	12.68
Pre Tax Margin(%)	3.32	1.23	1.9	3.61	8.64	5.76	2.38	4.28	19.97	17.55	12.56
PAT Margin (%)	2.2	0.85	1.21	2.42	5.58	3.74	1.54	3.73	14.81	13.11	9.38
Cash Profit Margin (%)	3.04	1.64	2.01	3.15	6.27	4.41	2.27	5.04	16.03	13.94	10.26
ROA(%)	7.03	3.04	3.83	6.27	17.35	9.58	3.91	8.29	31.72	32.89	19.89
ROE(%)	22.03	8.53	9.64	14.42	36	18.92	7.64	15.6	54.94	51.41	29.66
ROCE(%)	30.49	16.3	18.83	22.79	56.69	29.9	12.44	18.91	75.04	69.38	40.07
Receivable days	31.41	33.55	35.56	40.34	33.4	35.43	33.14	35.31	35.84	28.74	26.61
Inventory Days	26.62	20.16	22.67	28.65	27.65	36.38	31.88	33.37	32.62	22.31	32.58
Payable days	3.47	31.3	68.51	81.54	63.48	69.88	66.26	73.58	83.08	51.96	55.53
PER(x)	7.48	28.6	22.61	18.42	16.27	26.67	43.94	12.18	8.24	13.11	14
Price/Book(x)	1.54	2.4	2.14	2.53	5.01	4.8	3.37	1.86	3.69	5.74	3.78
Dividend Yield(%)	4.44	1.65	1.79	1.38	1.49	1.4	1.34	4.24	3.59	1.69	2.43
EV/Net Sales(x)	0.2	0.27	0.29	0.47	0.97	0.98	0.66	0.39	1.2	1.64	1.25
EV/Core EBITDA(x)	3.66	9.22	8.04	9.14	9.26	14.53	20.54	6.7	5.53	8.8	9.21
Net Sales Growth(%)	30.56	10.01	-18.74	-22.03	41.13	3.7	5.52	-14.7	16.92	57.99	5.07
EBIT Growth(%)	67.99	-49.84	8.33	23.95	213.4	-35.04	-56.36	55.29	424.25	37.27	-24.81
PAT Growth(%)	132.11	-57.99	16.71	59.79	214.5	-35.28	-57.62	108.61	365.15	38.91	-24.9
EPS Growth(%)	132.1	-57.85	16.71	59.78	214.5	-35.28	-57.62	108.75	377.1	38.91	-24.9
Debt/Equity(x)	0.21	0.09	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.04	1.05	1.12	1.24	1.56	1.57	1.64	1.66	2.2	2.48	2.41
Quick Ratio(x)	0.67	0.73	0.71	0.86	0.94	1.05	1.17	1.17	1.68	2.05	1.64
Interest Cover(x)	5.61	2.94	4.38	16.99	60.1	39.87	20.32	19.15	78.1	121.27	107.77
Total Debt/Mcap(x)	0.14	0.04	0	0	0	0	0	0	0	0	0

Supreme Petrochem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	63.96	64.07	64.14	64.14	64.24	64.24	64.24	64.24	64.24	64.24
FII	2.07	2.05	2.13	2.18	2.12	2.1	1.98	1.97	2.44	2.89
DII	1.83	2.14	2.18	2.36	2.41	2.44	2.43	2.91	2.73	2.71
Public	32.14	31.74	31.55	31.31	31.23	31.22	31.34	30.88	30.59	30.15
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.01	6.02	6.03	6.03	6.04	12.08	12.08	12.08	12.08	12.08
FII	0.19	0.19	0.2	0.21	0.2	0.4	0.37	0.37	0.46	0.54
DII	0.17	0.2	0.2	0.22	0.23	0.46	0.46	0.55	0.51	0.51
Public	3.02	2.98	2.97	2.94	2.94	5.87	5.89	5.81	5.75	5.67
Others	0	0	0	0	0	0	0	0	0	0
Total	9.4	9.4	9.4	9.4	9.4	18.8	18.8	18.8	18.8	18.8

Pros

Company has delivered good profit growth of 33% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 45%
Company is almost debt free.

Cons

Debtor days have increased from 51.96 to 55.53days.
Stock is trading at 6.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.