Archive · 31 Jul 2026
Supreme Industries Upgraded to Buy Amid Demand Recovery
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%.
JM Financial upgraded Supreme Industries to a ‘Buy’ rating from ‘Add’.
The upgrade is based on expected demand recovery and normalised channel inventories.
A Minimum Import Price (MIP) for PVC is seen as a positive regulatory factor.
Supreme Industries maintains FY27 guidance of 12‑13% overall volume growth and 14‑14.5% EBITDA margins.
The company’s share price has fallen 19.3% over the past year, making it attractive to investors.
- Who
- JM Financial analysts and Supreme Industries management
- What
- Upgrade of Supreme Industries to a ‘Buy’ rating and analysis of demand recovery, inventory normalisation, and MIP support
- When
- July 2026 and FY27 outlook
- Where
- India
- Why
- Positive outlook due to expected demand rebound, inventory normalisation, and regulatory price floor
- 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