Past 10 year's financial track record analysis by Moneyworks4me indicates that Supreme Petrochem Ltd is a good quality company.
The key valuation ratios of Supreme Petrochem Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Supreme Petrochem Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 18.8% | 22.8% | 56.7% | 29.9% | 12.4% | 18.9% | 75% | 69.4% | 40.1% | 24.8% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,653 | 2,757 | 2,919 | 3,027 | 3,194 | 2,724 | 3,185 | 5,032 | 5,287 | 5,253 | 5,812 |
| Sales YoY Gr. | - | 4% | 5.9% | 3.7% | 5.5% | -14.7% | 16.9% | 58% | 5.1% | -0.6% | - |
| Adj EPS ⓘ | 3 | 4.9 | 9.5 | 6.4 | 3.1 | 5.7 | 25.5 | 35.6 | 27.2 | 18.6 | 21.9 |
| YoY Gr. | - | 65% | 93.3% | -32.7% | -51.7% | 86.4% | 343.4% | 39.7% | -23.4% | -31.9% | - |
| BVPS (₹) ⓘ | 19.5 | 28.7 | 30.2 | 33.5 | 33.3 | 34.9 | 56.6 | 80.6 | 98.1 | 107.4 | 111.7 |
| Adj Net Profit ⓘ | 57.3 | 94.6 | 183 | 123 | 59.5 | 111 | 479 | 669 | 512 | 349 | 411 |
| Cash Flow from Ops. ⓘ | 79.8 | 112 | 68.6 | 213 | 133 | 119 | 435 | 671 | 304 | 557 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.9% | 10.5% | 18.2% | -0.6% | ||||
| Adj EPS ⓘ | 22.6% | 43.2% | -10% | -31.9% | ||||
| BVPSⓘ | 20.9% | 26.4% | 23.8% | 9.5% | ||||
| Share Price | 34.8% | 55.2% | 26.8% | 26.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.5 | 17.9 | 36.7 | 20 | 9.2 | 16.8 | 55.1 | 51.8 | 30.5 | 18.1 | 20 |
| Op. Profit Mgn % ⓘ | 4.7 | 6 | 10.4 | 6.8 | 3.4 | 5.9 | 21.2 | 18.2 | 12.9 | 9 | 9.6 |
| Net Profit Mgn % ⓘ | 2.2 | 3.4 | 6.3 | 4.1 | 1.9 | 4.1 | 15 | 13.3 | 9.7 | 6.6 | 7.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 67 | 79 | 68 | 82 | 74 | 76 | 78 | 59 | 69 | 74 | 56 |
| Cash Conv. Cycle ⓘ | -5 | -8 | 4 | 7 | 2 | 1 | -7 | 3 | 9 | 4 | 31 |
Sales growth is growing at healthy rate in last 3 years 18.15%
Sales growth is good in last 4 quarters at 14.86%
Return on Equity has declined versus last 3 years average to 20.00%
Net Profit has been subdued in last 3 years -10.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 21.9 | 3.2 |
| TTM Sales (₹ Cr.) | 5,812 | 1,613 |
| BVPS (₹.) ⓘ | 111.7 | 0 |
| Reserves (₹ Cr.) ⓘ | 2,194 | 140 |
| P/BV ⓘ | 6.35 | 0.00 |
| PE ⓘ | 32.41 | 220.14 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 522.00 / 926.30 |
| All Time Low / High (₹) | 2.00 / 926.30 |
| Market Cap (₹ Cr.) | 13,335 |
| Equity (₹ Cr.) | 37.6 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 57.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,653 | 2,068 | 2,919 | 3,027 | 3,194 | 2,724 | 3,185 | 5,032 | 5,287 | 5,253 |
| Operating Expenses ⓘ | 2,559 | 1,964 | 2,621 | 2,830 | 3,100 | 2,576 | 2,515 | 4,126 | 4,626 | 4,784 |
| Manufacturing Costs | 55 | 46 | 57 | 62 | 69 | 66 | 60 | 73 | 89 | 100 |
| Material Costs | 2,354 | 1,803 | 2,428 | 2,619 | 2,878 | 2,357 | 2,295 | 3,844 | 4,299 | 4,443 |
| Employee Cost | 32 | 26 | 35 | 40 | 40 | 42 | 46 | 48 | 55 | 63 |
| Other Costs ⓘ | 118 | 88 | 101 | 110 | 114 | 111 | 115 | 160 | 184 | 177 |
| Operating Profit ⓘ | 93 | 104 | 297 | 196 | 93 | 148 | 670 | 907 | 661 | 470 |
| Operating Profit Margin (%) | 3.5% | 5.0% | 10.2% | 6.5% | 2.9% | 5.5% | 21.0% | 18.0% | 12.5% | 8.9% |
| Other Income ⓘ | 3 | 4 | 7 | 8 | 10 | 12 | 21 | 31 | 59 | 68 |
| Interest ⓘ | 17 | 5 | 5 | 5 | 4 | 6 | 8 | 7 | 6 | 10 |
| Depreciation ⓘ | 24 | 17 | 22 | 21 | 23 | 36 | 39 | 42 | 47 | 59 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 56 | 85 | 278 | 179 | 76 | 118 | 644 | 888 | 667 | 468 |
| Tax ⓘ | 20 | 28 | 98 | 63 | 27 | 15 | 166 | 225 | 169 | 122 |
| Profit After Tax | 36 | 57 | 179 | 116 | 49 | 103 | 477 | 663 | 498 | 346 |
| PAT Margin (%) | 1.3% | 2.8% | 6.1% | 3.8% | 1.5% | 3.8% | 15.0% | 13.2% | 9.4% | 6.6% |
| Adjusted EPS (₹) | 1.9 | 3.0 | 9.3 | 6.0 | 2.6 | 5.3 | 25.4 | 35.3 | 26.5 | 18.4 |
| Dividend Payout Ratio (%) | 41% | 25% | 24% | 37% | 59% | 52% | 30% | 22% | 34% | 49% |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 376 | 415 | 582 | 646 | 642 | 673 | 1,065 | 1,516 | 1,844 | 2,019 |
| Share Capital ⓘ | 97 | 97 | 97 | 97 | 97 | 96 | 94 | 38 | 38 | 38 |
| Reserves ⓘ | 280 | 318 | 486 | 549 | 546 | 577 | 971 | 1,478 | 1,806 | 1,982 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 393 | 413 | 432 | 571 | 474 | 476 | 569 | 526 | 782 | 809 |
| Others Liabilities ⓘ | 112 | 110 | 116 | 79 | 104 | 106 | 122 | 237 | 105 | 237 |
| Total Liabilities ⓘ | 881 | 938 | 1,130 | 1,296 | 1,221 | 1,255 | 1,755 | 2,278 | 2,731 | 3,065 |
Fixed Assets | ||||||||||
| Gross Block | 675 | 350 | 376 | 393 | 414 | 489 | 505 | 521 | 757 | 1,050 |
| Accumulated Depreciation | 330 | 17 | 39 | 60 | 83 | 118 | 146 | 185 | 230 | 281 |
| Net Fixed Assetsⓘ | 345 | 333 | 337 | 333 | 331 | 371 | 359 | 337 | 527 | 769 |
| CWIP ⓘ | 4 | 10 | 13 | 10 | 24 | 8 | 9 | 179 | 108 | 233 |
| Investmentsⓘ | 0 | 0 | 0 | 111 | 251 | 135 | 470 | 484 | 563 | 572 |
| Inventories | 188 | 181 | 306 | 313 | 245 | 258 | 318 | 301 | 647 | 481 |
| Trade Receivables | 239 | 281 | 307 | 295 | 285 | 248 | 385 | 412 | 362 | 395 |
| Cash Equivalents | 32 | 71 | 98 | 128 | 38 | 176 | 107 | 447 | 350 | 520 |
| Others Assetsⓘ | 73 | 61 | 69 | 106 | 47 | 59 | 108 | 119 | 175 | 96 |
| Total Assets ⓘ | 881 | 938 | 1,130 | 1,296 | 1,221 | 1,255 | 1,755 | 2,278 | 2,731 | 3,065 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 80 | 84 | 69 | 213 | 133 | 119 | 435 | 671 | 304 | 557 |
| PBT ⓘ | 56 | 85 | 278 | 179 | 76 | 118 | 644 | 888 | 667 | 468 |
| Adjustment ⓘ | 41 | 15 | 22 | 31 | 12 | 45 | 34 | 20 | -3 | 6 |
| Changes in Working Capital ⓘ | -8 | 21 | -142 | 66 | 68 | -4 | -78 | -10 | -189 | 188 |
| Tax Paid ⓘ | -10 | -38 | -89 | -63 | -23 | -39 | -165 | -227 | -171 | -105 |
| Cash Flow From Investing Activity ⓘ | -5 | -5 | -25 | -15 | -27 | -7 | -64 | -140 | -147 | -182 |
| Capex | -7 | -7 | -28 | -18 | -32 | -16 | -22 | -163 | -206 | -312 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 1 | -44 | 15 | 41 | 103 |
| Others ⓘ | 2 | 2 | 3 | 4 | 6 | 8 | 2 | 8 | 18 | 28 |
| Cash Flow From Financing Activityⓘ | -66 | -40 | -16 | -57 | -56 | -90 | -104 | -177 | -194 | -197 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -17 | -5 | -5 | -5 | -4 | -3 | -3 | -1 | -1 | -1 |
| Dividend Paid ⓘ | -17 | -35 | -12 | -52 | -52 | -70 | -38 | -155 | -169 | -169 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | -18 | -63 | -21 | -24 | -27 |
| Net Cash Flow ⓘ | 9 | 39 | 27 | 141 | 50 | 22 | 266 | 354 | -37 | 178 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.64 | 14.42 | 36 | 18.92 | 7.64 | 15.6 | 54.94 | 51.41 | 29.66 | 17.94 |
| ROCE (%) | 18.83 | 22.79 | 56.69 | 29.9 | 12.44 | 18.91 | 75.04 | 69.38 | 40.07 | 24.76 |
| Asset Turnover Ratio | 3.17 | 2.59 | 3.11 | 2.56 | 2.54 | 2.22 | 2.14 | 2.51 | 2.12 | 1.83 |
| PAT to CFO Conversion(x) | 2.22 | 1.47 | 0.39 | 1.84 | 2.71 | 1.16 | 0.91 | 1.01 | 0.61 | 1.61 | Working Capital Days |
| Receivable Days | 36 | 40 | 33 | 35 | 33 | 35 | 36 | 29 | 27 | 26 |
| Inventory Days | 23 | 29 | 28 | 36 | 32 | 33 | 33 | 22 | 33 | 39 |
| Payable Days | 69 | 82 | 63 | 70 | 66 | 74 | 83 | 52 | 56 | 65 |
Supreme Petrochem Ltd (SPL) is a joint venture between the Supreme Industries Ltd. and the Rajan Raheja Group. The Rajan Raheja Group has interests in cement, ceramic tiles, publishing, cable television, retailing, automobile batteries, readymix concrete, software, petrochem, hotels, asset management and real estate. The company started commercial production started in October 1995.
SPL is the leader in Polystyrene business in the Indian market place with a share of more than 50%. SPL is also the largest exporter of PS from India, exporting to over 80 countries around the globe. Currently SPL's exports are over 100,000 tonne per year.
The product range covers the entire spectrum of Polystyrene. GPPS range covers MFI of 1.6 to 20, HIPS covering both extrusion and moulding grades, ESCR, High Gloss and super High Impact grades.
Supreme Petrochem owns and operates a state-of-the art Polystyrene facility, with an installed capacity of 2,72,000 TPA located at Nagothane in Raigad District, about 100 km south-east of Mumbai city. The facility also includes a world class colouring and compounding facility with an installed capacity of 17000 TPA.
The plant is based on technology from the erstwhile Huntsman Chemical Corporation (Now NOVA Chemicals) USA with basic engineering by ABB Lummus Crest, USA.The specialty range includes UL listed Ignition Retardant HIPS (both V0 and V2 rating), Mineral Filled HIPS, Micro floppy diskette grade, UV stabilised PS, Toughened PS and custom coloured PS, filled PP for automotive/appliance industry application, high quality white and gray colour master batches for injection molding as well as film, sheet extrusion applications.
The company has taken over management control of Shin Ho Petrochemical (India) Ltd, an existing player in Expanded Polystyrene (EPS) in Chennai, (Southern India) with an installed capacity of 6000 TPA. The name of this company is being changed to SPL Polymers Ltd and capacity expansion of the plant is under implementation. New EPS project of 60,000 TPA capacity is under implementation in Nagothane Styrenics Complex.
To hasten the development of new applications and use of these materials Product Application Centre has been established where joint programmes with customers are initiated.
SPL's reputation as a reliable supplier is due to its internationally acclaimed safety record in plant operation and total compliance with global and local standards on EHS. For these SPL has been awarded with 5 star rating from British Safety Council.A strong online customer feed back system on quality of products and services is the essence of SPL's quest for continuous improvement.
Product Range of the company includes:General Purpose Polystyrene
Awards/ Achievements
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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