Supreme Industries Stocks: Buy Supreme Industries; Target Price Rs 2600: ICICI Direct | Techno Glob


ICICI Direct buy call on Supreme Industries with a target price of Rs 2,600. The current price of Supreme Industries is Rs.2308.

Supreme Industries Ltd. is a Mid Cap company incorporated in 1942 (market capitalization Rs. 29214.91 crores in plastics sector).

Supreme Industries Ltd. Major product/revenue segments include plastic products; Polymers (trade); other operating income; Includes processing fee and export incentives for the year ending 31-Mar-2022.

Finance

For the quarter ended 30-09-2022, the company reported a total revenue of Rs 2092.12 crore, The total revenue for the last quarter was Rs 2210.53 crore, down 8.25% from the same quarter last year’s total revenue of Rs 1932.63 crore. . The company reported a net profit after tax of Rs 63.46 crore in the last quarter.

Promoter/FII Holdings
The promoters hold 48.85 per cent stake in the company as on 30-Sept-2022, while FIIs hold 15.79 per cent; DIIs own 19.09 percent.

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