Manufactures micro-irrigation systems — driplines, sprinklers, and HDPE pipes — and runs a solar EPC business that supplies off-grid solar water pumping systems to farmers under government schemes like PM-KUSUM. A polymer marketing business is operated through an Indian Oil Corporation partnership. In Q4 FY26, total income reached INR 142 crore, up 80% year-on-year, while full-year FY26 revenue stood at INR 417 crore (+44% YoY). The solar EPC segment has expanded from Gujarat into multiple states, with recent orders including a Rs 23.6 crore order from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) for 1,000 solar water pumping systems (3HP, 5HP, 7.5HP) and a separate Rs 11 crore order for 500 pumps. Management targets solar EPC to reach 50% of total revenue (equal to micro-irrigation) within two years from the current ~15-20%. A 750-dealer network supports execution in both micro-irrigation and solar EPC. A new 70,000 sq. ft. Ahmedabad manufacturing facility on a 330,000 sq. ft. land parcel became operational in May 2026 to support backward integration into micro-irrigation components, and management expects this to lift micro-irrigation EBITDA margins by 1-1.5%. Existing plants operate in Rajkot and Kurnool. Raw materials (polymer) account for 73.5% of revenue, making input cost inflation the key swing factor on margins — Q4 FY26 EBITDA margin contracted 86 bps to 9.96% on sharp raw material price increases in March. FY26 EBITDA margin was 11.10%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Micro-irrigation systems, Solar EPC, Polymer marketing. Plastic products maker serving agriculture-linked demand; materials-heavy cost structure with rising solar EPC mix
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 185 | 225 | 294 | 287 | 417 |
| EBITDA (ex other income) | 15 | 17 | 32 | 48 | 44 |
| margin % | 8.3 | 7.5 | 10.8 | 16.7 | 10.5 |
| Owners' profit | 0 | 0 | 0 | 31 | 28 |
| EPS, as reported (₹) | 0.87 | 1.18 | 3.43 | 5.65 | 4.65 |
| ROE % · ROCE % | 4.2 · 14.8 | 7.8 · 18.0 | 18.6 · 28.2 | 21.0 · 30.0 | 14.5 · 21.5 |
| Debt / equity (x) | 1.26 | 1.13 | 1.07 | 0.45 | 0.47 |
| Cash from operations | 13 | 11 | (15) | 9 | (22) |
| Capex | (1) | (1) | (4) | (5) | (9) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53 | 90 | 78 | 70 | 80 | 126 | 141 | 81 |
| Profit before tax | 19 | 9 | 7 | 5 | 6 | 13 | 13 | 7 |
| Net profit | 16 | 7 | 5 | 4 | 4 | 9 | 10 | 5 |
| EPS (₹) | 2.94 | 1.21 | 0.92 | 0.73 | 0.71 | 1.59 | 1.64 | 0.78 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Segment 1 | 141 | 33.7 |
| Segment 2 | 1 | 0.2 |
| SEGMENT 1 | 275 | 65.6 |
| SEGMENT 2 | 1 | 0.2 |
| SEGMENT -2 | 1 | 0.3 |
| Total, before eliminations | 420 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 42,745 | 41.2 | 6.93 | 26.3 | 15.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · 29th AGM notice and annual report web-link shared with shareholders | compliance | minimal | — | — |
| 1 Sept 2026 · Newspaper publication of 29th AGM notice and book closure info | compliance | minimal | — | — |
| 28 Aug 2026 · Notice of 29th AGM on 26 September 2026 via video conferencing | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Captain Polyplast files 29th Annual Report and AGM Notice for FY2025-26 | board shareholder meetings | medium | — | — |
| 24 Aug 2026 · Book Closure and E-Voting Cutoff for 29th AGM on Sept 26, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Q1 FY27 earnings: revenue up 16%, EBITDA margin improves 99 bps | investor communications | medium | — | — |
| 12 Aug 2026 · Earnings call transcript uploaded on company website | investor communications | medium | — | — |
| 11 Aug 2026 · Captain Polyplast Q1 FY27 Investor Presentation | investor communications | medium | — | — |
| 10 Aug 2026 · Captain Polyplast Q1 FY27 results published in newspaper | compliance | minimal | — | — |
| 8 Aug 2026 · Captain Polyplast Q1 FY27: Revenue up 16%, EBITDA up 27%, new solar order | compliance | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 17.9 |
| 12.0 |
| 15.0 |
| ASTRAL LIMITED | 37,967 | 65.9 | 9.36 | 34.3 | 13.2 | 16.9 | 15.6 | 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,077 | 41.5 | 6.05 | 31.9 | 12.7 | 16.4 | 16.5 | 30.3 |
| FINOLEX INDUSTRIES LTD | 9,504 | 15.4 | 1.53 | 11.1 | 9.6 | 11.8 | 3.5 | 20.6 |
| TIME TECHNOPLAST LTD. | 8,934 | 17.6 | 2.14 | 10.0 | 11.4 | 14.0 | 15.2 | 13.3 |
| KINGFA SCI & TEC IND LTD. | 8,422 | 37.3 | 6.02 | — | 13.2 | 17.7 | — | 16.9 |
| PRINCE PIPES FITTINGS LTD | 2,950 | 28.9 | 1.79 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,444 | — | 2.74 | 32.3 | 0.5 | 1.0 | — | 1.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.7 | 15.2 | 24 of 54 | 57% |
| P/B | 2.0 | 1.8 | 30 of 43 | 31% |
| ROCE | 17.9 | 7.1 | 8 of 57 | 88% |
| ROE | 14.5 | 7.6 | 6 of 48 | 89% |
| Debt / Equity | 0.5 | 0.1 | 34 of 48 | 30% |
| EBITDA margin | 12.1 | 11.6 | 20 of 43 | 55% |
| Revenue growth | 16.4 | 10.6 | 21 of 49 | 58% |
| Profit growth | 8.5 | 20.7 | 30 of 47 | 37% |
| Market cap | 390 | 130 | 16 of 56 | 73% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
