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SUPREME INDUSTRIES sees a downgrade to Neutral on account of less fund...
The independent financial analyst theScreener just lowered the general evaluation of SUPREME INDUSTRIES (IN), active in the Commodity Chemicals industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date January 4, 2022, the closing price was INR 2,226.25 and i...
Supreme Industries: 1 director bought
A director at Supreme Industries bought 1,285 shares at 1,970.000INR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
- Rohit Dokania
Supreme Industries' Q3FY20 results (Outperformer) - Margins surprise c...
Q3FY20 result highlights Rev. fell 3% yoy to ~Rs13.7bn (11% miss). Volume was flat yoy at ~101.4k MT (7% miss) while blended realisations fell ~4% yoy to ~Rs134/kg (4% miss) as polymer prices have been weak. Higher sales of value-added products (~42% of rev. vs ~38% yoy) and holding on to some of the price fall in polymers (instead of passing on entire benefit to clients) led to gross margin expansion of ~430 bps yoy to 35.3% (IDFCe: 31.8%). This led to EBITDA margin expansion of ~360 bps yo...
- Rohit Dokania
Supreme Industries' Q2FY20 results (Outperformer) - Pipes outshine wea...
Q2FY20 result highlights Cons. rev. came in at ~Rs12.7bn (3.8% yoy fall; 4% miss). Volume at ~93.5k MT grew 12.4% yoy (6% beat), while realisations fell ~7.9% yoy to ~Rs136/kg (9% miss), due to weak polymer realisations (ex PVC). Although pipes outperformed (both revenue/margins), weak performance in other categories, mainly on account of weak polymer realisations and one-off expenses (~Rs140m) in the industrial segment dragged EBITDA margins lower by ~280 bps yoy to 13.6% (still ahead of ID...
- Rohit Dokania
Supreme Industries' Q1FY20 results (Outperformer) - Pipes shine; inven...
Q1FY20 result highlights Cons. rev. came in at ~Rs14.4bn (+6.8% yoy; 2% miss). Volume at ~113k MT grew 13.5% yoy (in-line), while blended realisations fell ~4% yoy to ~Rs127/kg (2% miss), mainly on account of higher agri-pipe sales. Weakness in polymer prices (excl. PVC) and higher contribution of agri pipes dragged overall gross margins lower by ~130 bps yoy to 30.2%. Inventory losses booked under Packaging and Industrial segments led to EBITDA margin compression of ~220 bps yoy to 11.6% (I...
- Rohit Dokania
Supreme Industries' Q4FY19 results (Outperformer) - Polymer price fall...
Q4FY19 result highlights Cons. revenue at ~Rs15.3b (+4.1% yoy) was in-line with our expectations, although total volume at ~114k (+10.4% yoy) was 4% lower than estimates. Sharp fall in polymer prices in March (~12-15% decline across categories) led to inventory losses during the quarter. Consequently, SI’s gross margin declined ~490 bps yoy to 30.7%. This and higher other expenses led to EBITDA falling 29.6% yoy to ~Rs2.0bn (20% miss). EBITDA margin shrank ~630 bps yoy to 13.2% (IDFCe: 16.3%...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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