External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Q3FY2025 earnings lagged estimates led by sharp fall in PVC prices and weak infrastructure demand.</li><li>The management is confident of achieving its overall volume growth guidance of 14-15% y-o-y in FY25 (Q4 volume growth should be over 30% for this).</li><li>Consolidated OPM guidance lowered again to 13.5-14% from 14.5-15.25% in the last quarter.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q3FY2025 earnings lagged estimates led by sharp fall in PVC prices and weak infrastructure demand.The management is confident of achieving its overall volume growth guidance of 14-15% y-o-y in FY25 (Q4 volume growth should be over 30% for this).Consolidated OPM guidance lowered again to 13.5-14% from 14.5-15.25% in the last quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supreme Industries Ltd - Weak Result; Maintain Buy on Long Term Prospects

<ul><li>Q2FY2025 earnings were hit by the sharp fall in PVC prices, weak infrastructure demand and extended monsoons.</li><li>However, stabilization of PVC prices at lower levels, expected pick-up in housing, agriculture and infrastructure demand is expected to result in strong H2 performance.</li><li>The management has guided for overall volume growth of 14-15% y-o-y and plastic piping volume growth of 16-18% y-o-y in FY2025. Consolidated OPM guidance is of 14.5-15.25%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q2FY2025 earnings were hit by the sharp fall in PVC prices, weak infrastructure demand and extended monsoons.However, stabilization of PVC prices at lower levels, expected pick-up in housing, agriculture and infrastructure demand is expected to result in strong H2 performance.The management has guided for overall volume growth of 14-15% y-o-y and plastic piping volume growth of 16-18% y-o-y in FY2025. Consolidated OPM guidance is of 14.5-15.25%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supreme Industries Ltd - Strong H2 to Drive Growth; Maintain Buy

<ul><li>Q2FY2025 earnings performance lagged estimates led by sharp volatility in PVC prices, weak infrastructure demand and extended monsoons.</li><li>However, adjusted OPMs beat estimates.</li><li>The management lowered overall volume growth guidance to 14-15% y-o-y and plastic piping volume growth to 16-18% y-o-y for FY2025. Consolidated OPM guidance marginally lowered to 14.5-15.25%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q2FY2025 earnings performance lagged estimates led by sharp volatility in PVC prices, weak infrastructure demand and extended monsoons.However, adjusted OPMs beat estimates.The management lowered overall volume growth guidance to 14-15% y-o-y and plastic piping volume growth to 16-18% y-o-y for FY2025. Consolidated OPM guidance marginally lowered to 14.5-15.25%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supreme Industries Ltd - Steep PVC Volatility Dent Q2; Dip Offers Buying Opportunity

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>In Q2FY25, Supreme Industries (SI) reported disappointing operational performance.</li><li>Blended plastic volume was flat YoY with pipes volume being flat too YoY (-27.1% QoQ; 5-year CAGR of 8.6%).</li><li>As per management, volumes were tepid in Q2 due to PVC price volatility, adverse weather and low infra spending.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q2FY25, Supreme Industries (SI) reported disappointing operational performance.Blended plastic volume was flat YoY with pipes volume being flat too YoY (-27.1% QoQ; 5-year CAGR of 8.6%).As per management, volumes were tepid in Q2 due to PVC price volatility, adverse weather and low infra spending.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supreme Industries - Volumes and Profitability Disappoint; Pipe Volume Guidance Cut Sharply

<ul><li>Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments</li><li>Market leader in the PVC pipe industry with a value market share of 14%</li><li>Target Price and Valuation: We roll over our valuation on FY24E and value the stock at 28x P/E FY24E EPS with a revised target price of Rs 2625.</li></ul><div class="content-highlight">Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</div>

Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segmentsMarket leader in the PVC pipe industry with a value market share of 14%Target Price and Valuation: We roll over our valuation on FY24E and value the stock at 28x P/E FY24E EPS with a revised target price of Rs 2625.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supreme Industries: Channel Inventory Rationalisation Hits Volume Offtake

India

Supreme Industries Limited is India's largest plastics processing company, manufacturing a wide range of plastic products. Its core business activities span plastic piping systems, protective packaging, industrial components, and molded furniture. The company was founded in 1942 and is headquartered in Mumbai, India.

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Supreme Industries (SI IN)

Supreme Industries Ltd - Weak Result; Maintain Buy on Long Term Prospects

The management is confident of achieving its overall volume growth guidance of 14-15% y-o-y in FY25 (Q4 volume growth should be over 30% for this).

Sharekhan

Supreme Industries Ltd - Strong H2 to Drive Growth; Maintain Buy

The management has guided for overall volume growth of 14-15% y-o-y and plastic piping volume growth of 16-18% y-o-y in FY2025. Consolidated OPM...

Sharekhan

Supreme Industries Ltd - Steep PVC Volatility Dent Q2; Dip Offers Buying Opportunity

Q2FY2025 earnings performance lagged estimates led by sharp volatility in PVC prices, weak infrastructure demand and extended monsoons. However,...

Sharekhan

Supreme Industries - Volumes and Profitability Disappoint; Pipe Volume Guidance Cut Sharply

In Q2FY25, Supreme Industries (SI) reported disappointing operational performance. Blended plastic volume was flat YoY with pipes volume being flat...

ICICI Securities Limited

Supreme Industries: Channel Inventory Rationalisation Hits Volume Offtake

Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments. Market leader in the PVC pipe...

ICICI Securities Limited

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