Hold Supreme Industries, target price Rs 6087: Anand Rathi

Anand Rathi has hold call on Supreme Industries with a target price of Rs 6087. The current market price of Supreme Industries Ltd. is Rs 5420.35.

Supreme Industries Ltd., incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 68547.51 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2657.79 Crore, down -12.17 % from last quarter Total Income of Rs 3025.98 Crore and up 11.54 % from last year same quarter Total Income of Rs 2382.78 Crore. Company reported net profit after tax of Rs 235.84 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 48.85 per cent stake in the company as of 30-Jun-2024, while FIIs owned 25.04 per cent, DIIs 11.44 per cent.