Supreme Industries - Confident Of 20% Plus Volume Growth In Plastic Pipes: Yes Securities

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.We reckon demand for plastic pipes to remain buoyant on account of strong demand from Jal Jeevan Mission coupled with healthy demand from irrigation. Moreover, with resilient growth in new project launches, pluming demand for plastic should also witness strong traction. Supreme Industries Ltd. being the largest plastic pipes manufacturer, should benefit from the same. Moreover, with new upcoming capacities, product launches and shift in demand to branded players, we recon Supreme Industries to outperform industry growth by reporting volume growth of 16% compound annual growth rate over FY23-25E. Overall, we expect revenue/Ebitda/profit after tax to grow by 12%/22%/12% over FY23-25E. Given the buoyancy in demand, which is evident via our channel checks and management’s commentary, we have revised our FY24E/FY25E estimates upwards. .Click on the attachment to read the full report:.Building Materials Q1 Results Preview - Margin Expected To Improve, Healthy Volume: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Supreme Industries - Confident Of 20% Plus Volume Growth In Plastic Pipes: Yes Securities

Company expects a turnover of Rs 110 billion with an operating margin of 13.5-14%.

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Supreme Industries - Confident Of 20% Plus Volume Growth In Plastic Pipes: Yes Securities

Company expects a turnover of Rs 110 billion with an operating margin of 13.5-14%.

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