Chairman Statement made at the 83rd Annual General Meeting of the Company held on Friday 27th June, 2025
SUPREMEIND · price
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Supreme Industries reported FY25 net revenues of ₹10,559 Cr, up modestly from ₹10,252 Cr, with volumes growing 5% to ~6.75 lakh tons. However, profitability came under pressure — PBDIT fell to ₹1,546 Cr from ₹1,666 Cr and net profit declined to ₹894 Cr from ₹1,009 Cr, mainly due to weak PVC pipe demand from lower government infra spending, repeated PVC resin price cuts, and unseasonal rains. The Board recommended a higher total dividend of ₹34/share (1700%) vs ₹30/share last year, with payout rising to ₹432 Cr. The company signed an MoU to acquire Orbia Wavin's India pipes business, adding ~71,000 MT capacity across three plants and pushing piping capacity to ~9.4 lakh MT by end-FY26. Early FY26 (April-May) showed recovery with ~10% volume growth in plastic piping. Capex of ~₹1,100 Cr is planned, fully funded internally with net cash of ₹962 Cr.
Mixed for shareholders — revenue growth is modest and profits declined despite higher dividend, reflecting PVC margin pressure flagged by management. The Wavin acquisition and ₹1,100 Cr capex plan signal aggressive capacity expansion that could drive future growth, but PVC raw material stress remains a near-term overhang on margins.