Supreme Industries Q4 Results Review - Robust Volume Growth Led To Healthy Earnings: IDBI Capital

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Supreme Industries Ltd.’s Q4 FY24 result was ahead of our estimates on key parameters, primarily led by higher sales volume. The management indicated sales volume in pipes to be ~20% in FY25E. Further, the company will focus on capacity expansion to cater to healthy demand dynamics. Supreme Industries reported net sales of Rs 30 billion, increased by 15.8% YoY, while Ebitda came in at Rs 4.9 billion, higher by 2.2% over Q4 FY23. It reported net profit of Rs 3.5 billion, a healthy growth of 14.3% YoY. We believe the company will continue its healthy double digit growth on net sales over FY25E/FY26E driven by positive demand outlook, expanded capacity and Supreme Industries’ extensive distribution reach. Post sharp run up in the stock price, potential upside is capped from current level. Hence we downgrade the stock to Hold with a revised target price of Rs 4,786 (earlier Rs 4.765), assigning 40 times price-to-earnings ratio on FY26E..Click on the attachment to read the full report:.VST Industries Q4 Review - Muted Demand, Elevated Packing & Raw Material Prices Cut Margin: Centrum Broking.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Supreme Industries Q4 Results Review - Robust Volume Growth Led To Healthy Earnings: IDBI Capital

On a sustainable growth path, Hold with a target price of Rs 4,786

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Supreme Industries Q4 Results Review - Robust Volume Growth Led To Healthy Earnings: IDBI Capital

On a sustainable growth path, Hold with a target price of Rs 4,786

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