Supreme Industries · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Company faces 65% PVC resin import dependence. BIS certification expires December 24 with only 5 suppliers qualified—potential supply crisis could cause 100% PVC price spike and plant closures if not extended.
Revised 16-18% piping guidance requires ~41% H2 volume growth. Current capacity ~790,000 tons with 835,000 tons by March 2025, implying ~90% utilization—any demand shortfall directly impacts targets.
When PVC prices dropped 17.5% between July-August, distributors reduced inventory. This destocking caused July's 20% volume decline and continues to impact reported volumes versus end-consumption.
Government spending was weak in H1 due to elections and monsoon. Company expects improvement from October onward but is a small player in government business (2-3 thousand tons monthly) with limited visibility on execution.
