Supreme Industries financials and balance sheet

NSE: SUPREMEINDBSE: 509930Industrial ProductsMid Cap

₹3,390.00₹101.20 (2.90%)BSE ₹3,450.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,491.20.

52-week range of traded prices to 23 Oct 2026

₹3,140.00Low, 8 Jul 2026₹4,212.50High, 23 Oct 2025

Next results date: the board meets on 26 Oct 2026 to consider: financial results and dividend.

Market cap: ₹43,062 Cr202nd largest listed
P/E: 41.7
P/B: 7.0
Dividend yield: 1.06%
ROE: 17.5%
ROCE: 19.0%
Debt to equity: 0.00
Volume, NSE: 1,99,90649.7% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Supreme Industries annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹11,218 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 1.2% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue11,218
Materials and goods−7,559
Employee costs−581
Other expenses−1,524
Operating profit1,553
Depreciation−428
Other income+45
One-off items0.0
Finance costs−29
Profit before tax1,141
Tax−288
Joint ventures+101
Net profit954

What the company owns

Plant, investments and other assets₹5,030 Cr
Inventory₹1,619 Cr
Cash and bank₹658 Cr
Receivables₹488 Cr

What pays for it: net worth and liabilities

Net worth₹6,169 Cr
Owed to suppliers₹1,027 Cr
Other liabilities₹599 Cr

Supreme Industries business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Supreme Industries segment results by quarter

Revenue by segment

₹11,218 CrTotal

Plastic Piping Products₹7,776 Cr69.3% of total
Packaging Products₹1,642 Cr14.6% of total
Industrial Products₹1,278 Cr11.4% of total
Consumer Products₹437 Cr3.9% of total
Others₹84 Cr0.8% of total

Profit by segment

Plastic Piping Products₹801 Cr69.0% of total
Packaging Products₹185 Cr16.0% of total
Industrial Products₹98 Cr8.4% of total
Consumer Products₹77 Cr6.6% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Plastic Piping Products
Revenue, ₹ crore
3,173
3,445
4,099
5,046
6,038
6,932
7,035
7,776
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
313
461
821
784
679
900
735
801
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Packaging Products
Revenue, ₹ crore
1,042
959
1,035
1,210
1,319
1,406
1,592
1,642
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
128
102
125
101
92
188
185
185
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Industrial Products
Revenue, ₹ crore
885
673
761
1,024
1,342
1,308
1,313
1,278
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
64
33
63
85
124
113
110
98
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Consumer Products
Revenue, ₹ crore
405
445
441
444
437
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
54
68
75
72
77
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Others
Revenue, ₹ crore
113
51
108
88
59
48
62
84
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
54
5
24
8
−3
−1
1
−6
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	5,612	5,512	6,357	7,773	9,202	10,134	10,446	11,218
Company revenue, as in its results	5,612	5,512	6,357	7,773	9,202	10,134	10,446	11,218
Revenue	3,173	3,445	4,099	5,046	6,038	6,932	7,035	7,776
Revenue growth	–	8.6%	19.0%	23.1%	19.7%	14.8%	1.5%	10.5%
Profit	313	461	821	784	679	900	735	801
Profit growth	–	47.2%	78.3%	−4.6%	−13.3%	32.5%	−18.3%	9.0%
Margin	9.9%	13.4%	20.0%	15.5%	11.3%	13.0%	10.5%	10.3%
Revenue	1,042	959	1,035	1,210	1,319	1,406	1,592	1,642
Revenue growth	–	−7.9%	7.9%	16.9%	9.0%	6.6%	13.3%	3.1%
Profit	128	102	125	101	92	188	185	185
Profit growth	–	−20.6%	22.7%	−19.0%	−9.3%	105.1%	−1.6%	0.4%
Margin	12.3%	10.6%	12.0%	8.3%	6.9%	13.4%	11.6%	11.3%
Revenue	885	673	761	1,024	1,342	1,308	1,313	1,278
Revenue growth	–	−23.9%	13.1%	34.5%	31.1%	−2.5%	0.4%	−2.6%
Profit	64	33	63	85	124	113	110	98
Profit growth	–	−48.7%	94.8%	34.4%	45.3%	−8.5%	−2.9%	−10.9%
Margin	7.2%	4.8%	8.3%	8.3%	9.2%	8.7%	8.4%	7.7%
Revenue	–	–	–	405	445	441	444	437
Revenue growth	–	–	–	–	9.8%	−0.8%	0.6%	−1.5%
Profit	–	–	–	54	68	75	72	77
Profit growth	–	–	–	–	25.4%	11.1%	−4.0%	5.9%
Margin	–	–	–	13.3%	15.3%	17.1%	16.3%	17.5%
Revenue	113	51	108	88	59	48	62	84
Revenue growth	–	−54.9%	–	−18.5%	−33.3%	–	–	–
Profit	54	5	24	8	−3	−1	1	−6
Profit growth	–	−90.7%	–	−65.1%	–	–	–	–
Margin	47.5%	9.7%	22.5%	9.6%	−4.6%	−1.9%	1.5%	−7.5%
Revenue	399	383	354	–	–	–	–	–
Revenue growth	–	−4.1%	−7.6%	–	–	–	–	–
Profit	56	58	60	–	–	–	–	–
Profit growth	–	2.9%	3.6%	–	–	–	–	–
Margin	14.0%	15.0%	16.8%	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Supreme Industries quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 7 May	Mar 2020Filed 22 May	Mar 2021Filed 4 May	Mar 2022Filed 30 Apr	Mar 2023Filed 2 May	Mar 2024Filed 29 Apr	Mar 2025Filed 12 Jun	Mar 2026Filed 27 Apr
Revenue from operations	4,462	4,966	5,612	5,512	6,357	7,773	9,202	10,134	10,446	11,218
	3,700	4,179	4,827	4,677	5,073	6,531	8,002	8,587	9,015	9,664
Materials and goods bought	2,818	3,286	3,820	3,578	4,038	5,353	6,599	6,858	7,146	7,559
Employee costs	212	–	255	280	310	345	375	442	487	581
Other expenses	671	–	753	819	724	832	1,028	1,286	1,381	1,524
Operating profit before depreciation	762	787	785	835	1,284	1,242	1,200	1,547	1,432	1,553
Operating margin	17.1%	15.8%	14.0%	15.1%	20.2%	16.0%	13.0%	15.3%	13.7%	13.8%
Materials, % of revenue	63.2%	–	68.1%	64.9%	63.5%	68.9%	71.7%	67.7%	68.4%	67.4%
Employee costs, % of revenue	4.7%	–	4.5%	5.1%	4.9%	4.4%	4.1%	4.4%	4.7%	5.2%
Other expenses, % of revenue	15.0%	–	13.4%	14.9%	11.4%	10.7%	11.2%	12.7%	13.2%	13.6%
Depreciation and amortisation	154	167	184	206	213	230	263	298	359	428
Operating profit after depreciation	608	620	601	629	1,071	1,013	936	1,249	1,073	1,125
Other income	5	5	8	1	4	20	30	66	58	45
Finance costs	30	22	26	20	10	5	8	16	12	29
Profit before one-off items and tax	582	603	583	610	1,066	1,027	958	1,299	1,119	1,141
One-off items	0	0	67	0	0	0	0	0	0	0
Profit before tax	582	603	650	610	1,066	1,027	958	1,299	1,119	1,141
	206	206	216	174	234	263	246	336	278	288
Current tax	–	209	216	174	234	263	246	336	287	288
Deferred tax	–	−3	0	0	0	0	0	0	−9	0
Share of profit of joint ventures and associates	–	–	14	31	146	204	153	107	120	101
Net profit	430	432	449	467	978	968	865	1,070	961	954
Other comprehensive income	–	–	−2	−4	−2	−2	−3	−7	−3	−1
Total comprehensive income	–	–	446	463	977	967	862	1,062	958	953
Net margin	9.6%	8.7%	8.0%	8.5%	15.4%	12.5%	9.4%	10.6%	9.2%	8.5%
Net margin without joint ventures and associates	–	–	7.7%	7.9%	13.1%	9.8%	7.7%	9.5%	8.0%	7.6%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 7 May	Mar 2020Filed 22 May	Mar 2021Filed 4 May	Mar 2022Filed 30 Apr	Mar 2023Filed 2 May	Mar 2024Filed 29 Apr	Mar 2025Filed 12 Jun	Mar 2026Filed 27 Apr
	2,154	2,261	3,169	3,844	4,402	5,109	5,660	6,169
Share capital	25	25	25	25	25	25	25	25
Reserves	2,129	2,236	3,144	3,819	4,377	5,083	5,635	6,144
	162	411	1	0	0	0	0	0
Repayable after a year	1	1	1	0	0	0	0	0
Repayable within a year	161	410	0	0	0	0	0	0
	936	1,172	968	1,000	1,136	1,273	1,314	1,417
Trade payables	557	548	646	794	904	1,016	893	1,027
Other financial liabilities	86	106	140	64	99	96	269	164
Other liabilities	123	96	168	135	125	144	141	182
Provisions	8	11	7	8	9	16	11	28
Tax owed	0	–	7	–	–	1	–	15
	140	186	145	151	156	174	193	208
Other financial liabilities	2	32	30	36	39	48	68	77
Provisions	16	20	22	24	26	30	38	36
Deferred tax	120	133	92	90	91	96	87	95
	3,229	3,619	4,282	4,996	5,694	6,556	7,168	7,795
Held for sale or for a demerger	1	1	0	–	–	–	–	–
	1,892	2,011	2,216	2,521	2,816	3,268	4,062	4,676
Plant in use, after depreciation	1,501	1,533	1,636	1,682	1,976	2,180	2,501	3,392
Plant being built	90	93	51	155	84	144	403	135
Intangible assets	20	75	78	85	88	137	164	277
Goodwill	0	0	0	0	0	4	4	4
Intangible assets being developed	0	–	0	1	0	6	5	1
Investments	222	207	337	476	0	638	720	762
Stakes in joint ventures and associates	0	–	–	–	577	–	–	–
Loans given	18	19	1	1	2	2	2	2
Other financial assets	0	–	20	22	28	31	35	42
Other assets	40	83	93	98	61	125	229	60
	1,337	1,607	2,066	2,475	2,879	3,287	3,106	3,119
Inventories	750	891	761	1,260	1,386	1,359	1,334	1,619
Trade receivables	387	313	390	467	492	511	540	488
Cash and cash equivalents	32	220	762	519	738	1,179	944	649
Other bank balances	5	12	7	7	8	9	8	10
Loans given	7	6	2	4	2	2	3	2
Other financial assets	0	5	5	21	3	2	6	19
Tax paid in advance	36	38	–	15	8	–	16	0
Other assets	119	124	140	182	242	226	255	333
Net debt	125	180	−768	−526	−746	−1,187	−952	−658

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 4 May	Mar 2022Filed 30 Apr	Mar 2023Filed 2 May	Mar 2024Filed 29 Apr	Mar 2025Filed 12 Jun	Mar 2026Filed 27 Apr
	1,246	471	890	1,431	1,004	1,215
	1,457	769	1,128	1,754	1,306	1,464
	196	−494	−78	180	−99	−83
Receivables	−78	−77	−27	−20	−29	60
Inventories	130	−499	−125	29	25	−240
Payables	104	142	108	121	−92	128
Other working capital	40	−60	−33	50	−4	−32
Tax paid	−232	−287	−237	−323	−302	−249
Interest paid	22	−5	0	0	0	0
Capital spending	227	470	424	688	890	1,117
Free cash flow	1,020	1	466	743	113	98
	−201	−403	−349	−609	−791	−1,014
Plant and property sold	6	4	3	3	3	7
Interest received	1	1	2	1	2	2
Dividends received	12	48	52	52	55	58
	−506	−310	−327	−382	−440	−496
Borrowings repaid	−410	−1	0	0	0	0
Interest paid	−17	−1	−1	−4	−6	−20
Lease payments	−15	−16	−20	0	−28	−31
Dividends paid	64	292	305	356	406	445
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	540	−242	215	441	−227	−295

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Supreme Industries dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 7 May	Mar 2020Filed 22 May	Mar 2021Filed 4 May	Mar 2022Filed 30 Apr	Mar 2023Filed 2 May	Mar 2024Filed 29 Apr	Mar 2025Filed 12 Jun	Mar 2026Filed 27 Apr
Earnings per share	₹33.88	₹33.99	₹35.32	₹36.80	₹77.00	₹76.24	₹68.12	₹84.21	₹75.64	₹75.10
Diluted earnings per share	₹33.88	₹33.99	₹35.32	₹36.80	₹77.00	₹76.24	₹68.12	₹84.21	₹75.64	₹75.10
Dividend per share	₹15.00	₹12.00	₹13.00	₹14.00	₹22.00	₹24.00	₹26.00	₹30.00	₹34.00	₹36.00
Book value per share	–	–	₹169.54	₹177.98	₹249.45	₹302.64	₹346.49	₹402.11	₹445.53	₹485.56
Dividend payout	44.3%	35.3%	36.8%	38.1%	28.6%	31.5%	38.2%	35.6%	45.0%	47.9%
Shareholder yield	–	–	–	–	0.2%	1.1%	1.0%	0.7%	0.9%	0.9%
Market cap at the year end (₹ crore)	13,880	15,168	14,193	11,022	25,948	26,005	31,929	53,760	43,523	47,573

Ratios

Consolidated, years to March.Supreme Industries PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 7 May	Mar 2020Filed 22 May	Mar 2021Filed 4 May	Mar 2022Filed 30 Apr	Mar 2023Filed 2 May	Mar 2024Filed 29 Apr	Mar 2025Filed 12 Jun	Mar 2026Filed 27 Apr
Revenue growth	–	11.3%	13.0%	−1.8%	15.3%	22.3%	18.4%	10.1%	3.1%	7.4%
Operating profit growth	–	3.3%	−0.3%	6.4%	53.9%	−3.3%	−3.4%	29.0%	−7.5%	8.5%
Net profit growth	–	0.3%	3.9%	4.2%	109.3%	−1.0%	−10.6%	23.6%	−10.2%	−0.7%
Earnings per share growth	–	0.3%	3.9%	4.2%	109.2%	−1.0%	−10.7%	23.6%	−10.2%	−0.7%
	–	–	20.8%	21.2%	36.0%	27.6%	21.0%	22.5%	17.8%	16.1%
	–	–	–	0.3 pts	14.9 pts	−8.4 pts	−6.6 pts	1.5 pts	−4.6 pts	−1.7 pts
From the net margin	–	–	–	1.3 pts	17.2 pts	−6.9 pts	−6.8 pts	2.6 pts	−2.9 pts	−1.3 pts
From asset turnover	–	–	–	−1.6 pts	0.0 pts	1.2 pts	0.6 pts	−0.9 pts	−1.6 pts	−0.2 pts
From borrowing	–	–	–	0.7 pts	−2.4 pts	−2.8 pts	−0.4 pts	−0.1 pts	−0.2 pts	−0.1 pts
Return on capital employed	–	–	26.0%	23.5%	33.8%	26.3%	21.3%	24.4%	19.0%	18.2%
Cash conversion	–	–	–	–	127.4%	48.7%	102.9%	133.8%	104.5%	127.3%
Interest cover	20.1	28.3	23.1	31.1	112.8	196.6	116.7	77.5	90.2	38.8
Debt to equity	–	–	0.08	0.18	0.00	0.00	0.00	0.00	0.00	0.00
Receivable days	–	–	25	21	22	22	20	18	19	16
Inventory days	–	–	72	91	69	86	77	72	68	78
Payable days	–	–	53	56	58	54	50	54	46	50
Cash conversion cycle, days	–	–	44	56	33	54	46	37	41	44
Working capital days	–	–	34	41	19	45	40	30	29	34
Asset turnover	–	–	1.74	1.61	1.61	1.68	1.72	1.65	1.52	1.50
Assets per rupee of net worth	–	–	1.50	1.55	1.45	1.32	1.30	1.29	1.27	1.26
Sales per rupee of plant	–	–	3.74	3.59	3.89	4.62	4.66	4.65	4.18	3.31
Capital spending to depreciation	–	–	–	–	1.06	2.05	1.61	2.31	2.48	2.61
Plant being built, % of plant in use	–	–	6.0%	6.1%	3.1%	9.2%	4.2%	6.6%	16.1%	4.0%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 12.8%
Cash from operations against operating profit: 78.2%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	12.0%	6.8%
Profit growth, yearly rate	–	−0.5%	3.3%
Return on equity, average	–	21.0%	18.8%
Return on capital employed, average	–	21.8%	20.5%
Operating margin, average	15.4%	14.4%	14.3%
Net margin, average	10.0%	10.0%	9.4%
Asset turnover, average	–	1.61	1.56
Cash conversion cycle, days, average	–	44	41
Interest cover, average	73.5	104.0	68.8
Debt to equity, average	–	0.00	0.00

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	5,011	3,649	1,215
Cash from investing	−3,166	−2,413	−1,014
Cash from financing	−1,955	−1,318	−496
Capital spending	3,590	2,696	1,117
Dividends paid	1,804	1,207	445
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	0	0	0
Borrowings repaid	1	0	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	9	6	6	7	4	5
Altman Z-scorePublished threshold 1.81	–	–	11.42	7.98	17.64	17.21	18.45	25.96	20.71	20.86
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.65	−1.78	−2.09	−3.07	−2.23	−2.96
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−1.71	19.41	6.07	4.04	10.90	10.07
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	0.93	0.96	1.15	1.22
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−17.46	9.27	−2.52	−12.90	−6.26	2.53	−17.12
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	25.00	−27.44	33.09	−13.32	−5.88	−6.04	15.59
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	0.21	−0.34	0.93	0.38	−0.25	0.47	0.67
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.39	0.16	0.56	0.15	0.29	0.59	0.10
Effective tax ratePublished threshold 17.16 per cent	35.33	34.12	33.19	28.51	21.95	25.63	25.67	25.85	24.86	25.24
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−2.28	0.89	0.96	−2.16	3.38

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
16 Dec 2025	CRISIL Ratings Limited (opens in a new tab)	Commercial Paper	Crisil A1+Review, Re-affirm		200
16 Dec 2025	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil AA+Review, Re-affirm	Stable	50
16 Dec 2025	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A1+Review, Re-affirm		1,077.90

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.