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Indian manufacturer of polystyrene and expandable polystyrene plastics used in packaging, insulation and consumer goods.
Indian manufacturer of polystyrene and expandable polystyrene plastics used in packaging, insulation and consumer goods.
Buys styrene monomer, a petrochemical raw material, and turns it into polystyrene, so the margin is the gap between product price and styrene cost, and swings in oil-linked prices pass through to results.
Moat: narrow (scale, cost advantage). India's largest polystyrene producer with scale-driven feedstock and manufacturing cost advantages.
Headquarters: Mumbai, India · Founded: 1989 · Employees: 700
Size Supreme Petrochem (SPLPETRO.NS) is an India Materials company (Industrial Specialties) with a market value of $1.38B, the 494th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹692.95 on 6 Nov 2026.
Performance Over six months the shares fell 6.5%, against -10.6% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 20.5% over the last twelve months (peer median +8.3%); the operating margin is 10.6% (peer median 10.7%).
Valuation It trades at 22.1× forward earnings against a peer median of 15.6× (6th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 19.3 points above its cost of capital (10.5% WACC).
Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹65.8B | ₹53.9B | ₹60.1B | ₹52.4B | ₹52.8B |
| Revenue growth | — | -10% | +15% | -1% | — |
| Gross profit | ₹10.6B | ₹6.43B | ₹6.54B | ₹5.80B | ₹7.98B |
| EBITDA | ₹8.10B | ₹5.45B | ₹5.43B | ₹4.75B | ₹6.84B |
| Net income | ₹5.33B | ₹3.29B | ₹3.91B | ₹3.46B | ₹4.98B |
| Free cash flow | n/a | ₹602M | -₹80.4M | ₹2.71B | ₹1.33B |
| Capital expenditure | n/a | ₹2.11B | ₹3.78B | ₹3.13B | ₹2.06B |
| Total debt | ₹1.11B | ₹1.33B | ₹1.30B | ₹1.14B | ₹167M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Supreme Petrochem SPLPETRO.NS | $1.38B | -6% | +21% | 11% | 22.1× | 10.1% |
| Lgchem 051910.KS | $12.6B | -42% | 0% | 0% | n/a | n/a |
| Reliance Industries RELIANCE.NS | $189B | -8% | +20% | 11% | 19.3× | 19.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SPLPETRO.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.1% | -11.2% | 10th lowest of 21 |
| 6-month return | -6.5% | -10.6% | 9th highest of 21 |
| Distance from 52-week high | -22.9% | -34.1% | 7th highest of 21 |
| Revenue growth (TTM) | +20.5% | +8.3% | 7th highest of 21 |
| Operating margin | 10.6% | 10.7% | 11th highest of 21 |
| Forward P/E | 22.1× | 15.6× | 6th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 10.1% | 5.0% | 8th most demanding of 18 |
| Growth delivered (Del g) | +11.1% | +7.6% | 6th highest of 18 |
| Hurdle (Req g minus delivered) | -1.0 pp | -5.4 pp | 8th most demanding of 18 |
| ROIC minus cost of capital | +19.3 pp | +2.5 pp | highest of 21 |
| EV / EBITDA | 15.1× | 9.9× | 3rd most expensive of 13 |
| Net debt / EBITDA | -1.0× | -1.2× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 11% | 22.1× | 10.1% | +11.1% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 16% | 21.1× | 9.6% | +12.5% |
| JSW Dulux JSWDULUX.NS | India | $1.31B | +3% | -5% | 11% | 30.9× | n/a | n/a |
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | -50% | n/a | 40.2% | -6.1% |
| Solar Applied Materials Technology 1785.TWO | Taiwan | $1.30B | -55% | +54% | 10% | n/a | -0.2% | +8.1% |
| Fujimi 5384.T | Japan | $1.28B | -18% | +13% | 21% | 15.6× | n/a | n/a |
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 9% | 21.8× | n/a | n/a |
| Nihon Parkerizing 4095.T | Japan | $1.26B | +16% | +5% | 12% | n/a | -1.6% | +6.7% |
| artience 4634.T | Japan | $1.25B | +18% | +7% | 6% | 9.3× | -3.9% | +6.3% |
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 23% | 14.0× | 5.0% | +10.4% |
| Suzhou Kingswood Education Technology 300192.SZ | China | $1.55B | +24% | -6% | 12% | 59.3× | 44.2% | -2.3% |
| Sinosteel Engineering & Technology 000928.SZ | China | $1.22B | -13% | +4% | 5% | 11.9× | -15.6% | -1.3% |
| PCBL Chemical PCBL.NS | India | $1.16B | -8% | +6% | 8% | 23.5× | 27.6% | +25.1% |
| Kunshan Dongwei Technology 688700.SS | China | $1.64B | -40% | +56% | 13% | 34.2× | 23.1% | +14.5% |
| Xinjiang Xuefeng Sci-Tech (Group) 603227.SS | China | $1.14B | -17% | -8% | 12% | 10.3× | -7.6% | +22.0% |
| Kansai Nerolac Paints KANSAINER.NS | India | $1.67B | -7% | +10% | 9% | 22.1× | 22.1% | +9.7% |
| Aica Kogyo 4206.T | Japan | $1.68B | +19% | +5% | 12% | 12.6× | -7.0% | +7.6% |
| Explosive 002096.SZ | China | $1.74B | -14% | -3% | 9% | 12.8× | -2.5% | +37.7% |
| Triumph Science & Technology 600552.SS | China | $1.76B | -20% | +12% | 5% | 65.5× | 21.3% | +3.1% |
| Zhejiang Runtu 002440.SZ | China | $1.77B | -1% | +23% | 17% | 8.5× | -5.5% | +2.0% |
| Nitta 5186.T | Japan | $1.05B | +36% | +5% | 7% | 10.8× | 10.6% | +3.1% |