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India's largest plastic-piping and packaging products maker, serving construction and consumer markets.
India's largest plastic-piping and packaging products maker, serving construction and consumer markets.
Sells through a dense network of distributors and dealers, with piping the biggest line, so it depends on housing, water supply and irrigation spending. Prices follow PVC resin, so inventory timing swings quarterly margins. The Taparia family is the promoter.
In one line: India's Mueller Water Products for plastic piping.
Moat: narrow (brand, scale, distribution). Strong dealer network and a #1 India piping brand, though plastics processing has moderate entry barriers.
Headquarters: Mumbai, India · Founded: 1942 · Employees: 21,916
Size Supreme Industries (SUPREMEIND.NS) is an India Industrials company (Miscellaneous Manufacturing) with a market value of $4.24B, the 231st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,157 on 6 Nov 2026.
Performance Over six months the shares fell 13.9%, against -8.4% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +8.0%); the operating margin is 10.5% (peer median 13.6%).
Valuation It trades at 33.6× forward earnings against a peer median of 19.8× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.3 points above its cost of capital (11.4% WACC).
Next results Next results expected around 25 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹123B | ₹112B | ₹104B | ₹101B | ₹91.6B |
| Revenue growth | — | +7% | +3% | +10% | — |
| Gross profit | ₹28.5B | ₹17.5B | ₹16.3B | ₹18.1B | ₹13.8B |
| EBITDA | ₹17.7B | ₹15.4B | ₹14.1B | ₹15.5B | ₹12.0B |
| Net income | ₹11.3B | ₹9.54B | ₹9.61B | ₹10.7B | ₹8.65B |
| Free cash flow | n/a | ₹4.49B | ₹1.65B | ₹9.13B | ₹5.18B |
| Capital expenditure | n/a | ₹8.15B | ₹8.90B | ₹5.49B | ₹4.24B |
| Total debt | ₹796M | ₹908M | ₹758M | ₹551M | ₹512M |
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 Industries SUPREMEIND.NS | $4.24B | -14% | +17% | 10% | 33.6× | 25.8% |
| Astral ASTRAL.NS | $3.57B | -20% | +17% | 12% | 46.8× | 32.5% |
| Finolex Industries FINPIPE.NS | $932M | -20% | +3% | 14% | 16.4× | 13.0% |
| Prince Pipes And Fittings PRINCEPIPE.NS | $359M | +15% | +5% | 5% | 22.8× | 22.6% |
| Nilkamal NILKAMAL.NS | $319M | +55% | +8% | 5% | 20.9× | 17.3% |
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 | SUPREMEIND.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.1% | 0.0% | 5th lowest of 21 |
| 6-month return | -13.9% | -8.4% | 9th lowest of 21 |
| Distance from 52-week high | -22.5% | -28.9% | 8th highest of 21 |
| Revenue growth (TTM) | +16.6% | +8.0% | 7th highest of 21 |
| Operating margin | 10.5% | 13.6% | 7th lowest of 21 |
| Forward P/E | 33.6× | 19.8× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 25.8% | 9.9% | 2nd most demanding of 20 |
| Growth delivered (Del g) | +12.1% | +7.7% | 5th highest of 20 |
| Hurdle (Req g minus delivered) | +13.7 pp | +1.8 pp | 4th most demanding of 20 |
| ROIC minus cost of capital | +5.3 pp | +4.1 pp | 8th highest of 21 |
| EV / EBITDA | 22.3× | 11.8× | 2nd most expensive of 13 |
| Net debt / EBITDA | -0.3× | 1.2× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Supreme Industries SUPREMEIND.NS | India | $4.24B | -14% | +17% | 10% | 33.6× | 25.8% | +12.1% |
| Ansell ANN.AX | Australia | $4.42B | +79% | +2% | 15% | 19.2× | 10.3% | +3.0% |
| Brady BRC | United States | $3.69B | 0% | +10% | 16% | 12.0× | 1.0% | +7.7% |
| Astral ASTRAL.NS | India | $3.57B | -20% | +17% | 12% | 46.8× | 32.5% | +15.6% |
| Kurita Water Industries 6370.T | Japan | $3.47B | -39% | +1% | 14% | 11.3× | 5.6% | +8.5% |
| TOMRA Systems TOM.OL | Norway | $3.17B | +6% | +7% | 11% | 31.8× | 9.5% | +9.2% |
| Hill & Smith HILS.L | United Kingdom | $2.88B | +10% | +3% | 16% | 19.5× | 19.4% | +5.6% |
| Daetwyler DAE.SW | Switzerland | $2.72B | -21% | +2% | 10% | 24.7× | 9.3% | +6.0% |
| Hanshow Technology 301275.SZ | China | $2.68B | -5% | +42% | 13% | 27.7× | 10.0% | +13.6% |
| Armstrong World Industries AWI | United States | $7.16B | +6% | +9% | 19% | 18.6× | 16.2% | +11.6% |
| Zhejiang Weixing New Building Materials 002372.SZ | China | $2.27B | -19% | -12% | 14% | 17.8× | 9.9% | +1.1% |
| Leyard Optoelectronic 300296.SZ | China | $2.20B | -14% | -14% | 4% | 28.8× | 17.1% | +1.2% |
| Zhejiang Weixing Industrial Development 002003.SZ | China | $2.17B | +28% | +14% | 16% | 20.7× | -4.2% | +14.0% |
| Advanced Drainage Systems WMS | United States | $9.37B | -13% | +10% | 22% | 20.1× | 10.8% | +9.0% |
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% | +5.1% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 39.3× | 18.0% | +8.2% |
| Focus Media Information Technology 002027.SZ | China | $12.0B | -12% | -2% | 30% | 14.4× | 1.2% | +1.1% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 14.7× | 8.2% | +4.4% |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 32.6× | 19.6% | +19.4% |
| Shanghai PRET Composites 002324.SZ | China | $1.36B | -44% | +27% | 1% | 45.7× | n/a | n/a |
| Takuma 6013.T | Japan | $1.26B | -1% | +18% | 10% | 13.6× | -5.4% | +2.5% |