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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹2.25 Cr
verified against source
Revenue YoY
7%
reported change
EBITDA
₹1,654 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Supreme Industries reported FY26 revenue of ₹1,128 crore, up 7% YoY, with volume growth of 12% to 775,397 tons. EBITDA rose 7% to ₹1,654 crore, while PAT declined marginally by 1% to ₹954 crore due to higher depreciation and other expenses. The piping segment grew 14% in volume, outperforming the industry which declined 9%, driven by market share gains and new product launches. The company guided for FY27 piping volume growth of 15-17% and overall volume growth of 12-14%, with EBITDA margins of 14-14.5%. Capex of over ₹1,000 crore is planned, adding 110,000 tons capacity. Key risks include continued volatility in PVC resin prices and slower-than-expected government infrastructure spending under Jal Jeevan Mission.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for plastic piping system volume growth of 15-17% in FY27, driven by new capacity and market share gains.
- Overall volume growth for the company is expected to be 12-14% in FY27, including all segments.
- Management expects EBITDA margins to be in the range of 14-14.5% for FY27, consistent with historical sustainable levels.
- The company plans to incur capital expenditure exceeding ₹1,000 crore in FY27, including greenfield projects and capacity expansion.
Risks flagged
- PVC prices have been highly volatile, with a 32% increase in March followed by a 30% decline in April, impacting channel inventory and demand.
- Jal Jeevan Mission and other government schemes have seen slow fund releases, with only one-third of budgeted amounts spent in the last two years.
- China has become a larger supplier of PVC to India, putting downward pressure on prices and potentially squeezing margins.
- Export revenue remains low at $5 million, and geopolitical disruptions have moderated export performance, though management targets $50 million.
Key quotes
- We look forward to achieve 2 million ton in the current financial year.
- We are earning more than 25% return on capital employed year after year for last 18 years.
- We don't see any cash erosion now in the previous price for time.
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