Buy Supreme Industries, target price Rs 2770: HDFC Securities

HDFC Securities has buy call on Supreme Industries with a target price of Rs 2770. The current market price of Supreme Industries is Rs 1757.75. Time period given by analyst is one year when Supreme Industries Ltd. price can reach defined target.

Supreme Industries Ltd., incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 22291.95 Crore) operating in Plastics sector.

Supreme Industries Ltd. key Products/Revenue Segments include Plastic Products, Polymers (Traded), Other Operating Revenue, Processing Charges and Export Incentives for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2565.69 Crore, up 31.71 % from last quarter Total Income of Rs 1948.05 Crore and up 22.86 % from last year same quarter Total Income of Rs 2088.25 Crore. Company reported net profit after tax of Rs 254.25 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 48.85 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.16 per cent, DIIs 19.65 per cent.