1 month ago

Supreme Industries Upgraded to Buy Amid Demand Recovery

Supreme Industries Upgraded to Buy Amid Demand Recovery
Is Supreme Industries bottoming out? JM Financial sees 18% upside as channel inventories normalise · financialexpress.com

Supreme Industries is a company that makes plastic pipes.

A group of analysts at JM Financial said the company is doing better than it looked in the first quarter of the year.

They think that the amount of pipes people are buying will grow again, especially in farming.

The company’s stock price fell a lot last year, so it looks cheaper now.

The analysts also said that a new rule will keep pipe prices from falling too low, which helps the company.

Because of all this, they recommend buying the stock and expect it to go up about 18%.

Key facts

Target price
Rs 4,000
Upside potential
18%
FY27 overall volume growth guidance
12‑13%
PVC price correction
April 2026
Share price decline (12 months)
19.3%
Channel inventories status
Normalised

Quotes

JM Financial Brokerage House

JM Financial brokerage house

“However, higher PVC prices drove blended realisations up 22% YoY and 13% QoQ to Rs 173 per kilogram, while piping realisations increased 18% YoY and 7% QoQ to Rs 141 per kilogram. Consequently, consolidated revenue rose 4% YoY, down 23% QoQ, to Rs 2,720 crore.”
financialexpress.com
“The company highlighted that inventories have now largely normalised and July 2026 saw healthy growth, and it expects YoY volume growth in H1FY27 despite the weak Q1FY27, with agricultural demand recovering from mid-September 2026.”
financialexpress.com

Sources

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