Buy Supreme Industries, target price Rs 5094: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Supreme Industries with a target price of Rs 5094. The current market price of Supreme Industries Ltd. is Rs 4125.85.

Supreme Industries Ltd., incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 52383.34 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-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 2469.81 Crore, up 6.39 % from last quarter Total Income of Rs 2321.38 Crore and up 6.50 % from last year same quarter Total Income of Rs 2319.00 Crore. Company reported net profit after tax of Rs 235.35 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 48.85 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.68 per cent, DIIs 11.35 per cent.