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Supreme Industries Ltd

| Audited Consolidated Financial Results for Q4 and Year Ended March 31, 2026

Report Source

⬤27th Apr 26

Summary : Company reports revenue growth, strong operating cash flow, and increased dividends, despite minor consolidated PAT dip and new labor code uncertainty.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated Total Expenses: FY26: Rs. 10,121.76 Cr (vs FY25: Rs. 9,385.12 Cr).
  2. Key components include Cost of materials consumed (Rs. 7,554.03 Cr), Employee benefits expenses (Rs. 581.27 Cr), Depreciation & amortisation (Rs. 428.28 Cr).
  3. Consolidated Revenue from Operations: FY26: Rs. 11,217.68 Cr (vs FY25: Rs. 10,446.25 Cr).
  4. Segment-wise: Plastics Piping Products (Rs. 7,775.84 Cr), Industrial Products (Rs. 1,278.18 Cr), Packaging Products (Rs. 1,642.27 Cr), Consumer Products (Rs. 437.09 Cr), Others (Rs. 84.30 Cr).
  5. Consolidated Net Cash from Operating Activities: FY26: Rs. 1,224.77 Cr (vs FY25: Rs. 1,003.72 Cr).
  6. Net Cash Used in Investing Activities: FY26: Rs. (1,013.73) Cr (vs FY25: Rs. (790.75) Cr).
  7. Net Cash Used in Financing Activities: FY26: Rs. (496.22) Cr (vs FY25: Rs. (440.02) Cr).
  8. Provision of Rs. 14.40 crores for incremental liability due to new Labour Codes.
  9. Consolidated Total Assets: FY26: Rs. 7,794.89 Cr (vs FY25: Rs. 7,167.82 Cr).
  10. Equity: FY26: Rs. 6,169.07 Cr (vs FY25: Rs. 5,660.44 Cr).
  11. Property, Plant & Equipment: FY26: Rs. 3,392.29 Cr (vs FY25: Rs. 2,500.99 Cr).
  12. Cash & Cash Equivalents: FY26: Rs. 648.84 Cr (vs FY25: Rs. 944.12 Cr).
  13. Standalone Other Income includes dividend from Supreme Petrochem Limited (associate).
  14. Both standalone and consolidated financial results are presented and audited.
  15. Consolidated results include a 100% subsidiary and a 30.78% owned associate.

Corporate Overview

  1. India
  2. UAE (for subsidiary)
  3. Impact of new Labour Codes on employee benefits liability.
  4. Reliance on other auditors for subsidiary/associate financial statements.
  5. Production of plastic products.
  6. Positive, focused on compliance and shareholder returns.
  7. Plastics Piping Products
  8. Industrial Products
  9. Packaging Products
  10. Consumer Products
  11. Others
  12. Significant increase in Property, Plant & Equipment (PP&E) and capital work-in-progress suggests ongoing capital expenditure.

Risk Factors

  1. Slight decline in consolidated net profit.
  2. Uncertainty from new labor code provisions.
  3. Increased cash outflow for investing activities.
  4. Minor regulatory compliance noted by board.

Key Drivers

  1. Strong revenue growth in plastics piping.
  2. Increased dividend payout to shareholders.
  3. Robust operating cash flow generation.
  4. Significant capital expenditure for growth.

Auditor’s Report

  1. Unmodified opinion on both consolidated and standalone financial results.

Board Commentary

  1. Shri V.K. Taparia, Executive Director, retires by rotation and offers himself for reappointment.
  2. Recommended final dividend of Rs. 25 per share (1250% on FV Rs. 2).
  3. Total dividend for the year (including interim) is Rs. 36 per share (1800%).
  4. Dividend to be paid within 30 days of declaration.
  5. Uncertainty regarding the full impact of new Labour Codes on employee benefits liability.
  6. Board noted late submission of ratios as per SEBI (LODR) Regulation 52(4) and advised timely future submission.
  7. Significant capital expenditure on property, plant & equipment.

Corporate Governance

  1. Auditors confirm compliance with Code of Ethics issued by ICAI.
  2. Auditors confirm compliance with ethical requirements regarding independence.
  3. Audit Committee recommended auditor appointment.
  4. Board noted late submission of regulatory ratios, advised timely future submission.

Management Discussion & Analysis

Operational Focus Areas

  1. Ensuring timely submission of regulatory ratios.

Performance Drivers

  1. Growth in Plastics Piping Products and Packaging Products segments.

Risk Control Measures

  1. Company will re-evaluate impact of Labour Codes upon notification of rules.

Critical Risks

  1. Uncertainty regarding the full impact of new Labour Codes.