Shares of Supreme Industries hit a fresh 52-week high

Shares of Supreme Industries are growing and reaching new heights since its inception. Currently, it is trading at Rs 3182.20, up by 3.04%. Today shares of the company hit a fresh 52-week high at Rs 3332 and it has a 52-week low of Rs 1705.60.

Talking about past performance, in the last one-year company increased its value from Rs 1116 giving a return of 80.14%. In the last five years company has grown from Rs 1116.85 giving a multibagger return of 184.98% and in the last 10 years stock has grown from Rs 340.95 giving a return of a whopping 833.34%. For comparison, the S&P BSE Sensex has given a 234.50% return over the past 10 years. 

Supreme Industries Ltd is one of the leading plastic products manufacturing companies in India having 25 manufacturing facilities spread across the country, offering a wide and comprehensive range of plastic products in India. The company has a market capitalisation of around Rs 40,500 crore. On June 29, 2023, Supreme Industries held its 81st Annual General Meeting after that it has seen surged today. 

Key highlights from the message of the Chairman are: 

The company has net revenues for the year FY23 was at Rs 9,283 crore against Rs 7,841 crore during the previous year. The Company has sold 5,06,501 tons of plastic products as against 3,93,908 tons of plastic products in the same period of the previous year, reflecting a growth of 29% in product turnover by volume. 

The company is eyeing a niche product range/application segment which could grow to the level of Rs 400-500 crore per annum in the next 3 to 5 year horizon. 

The company is implementing brownfield expansion at five of its existing plants for launching new applications & systems and it continues to enlarge its product basket. By the end of FY24, the installed capacity of the division shall reach 7,50,000 M.T per annum against the present capacity of 6,00,000 M.T. per annum. 

 The company has planned capex of about Rs 750 crore for the year FY24 including carry-forward commitments of Rs 149 crore at the beginning of the year. 

 The net sales and other income during the first two months of the current year are Rs 1527 crores against Rs 1394 crore in the corresponding period of the previous year. During this period, the company has achieved a product turnover volume of 96,138 MT as compared to sales of 68,057 MT in the corresponding period of the previous year.