- Supreme Industries‘ net income for the first quarter was 2.02 billion rupees, marking a decrease of 26% compared to the previous year and falling short of the estimated 2.55 billion rupees.
- The company reported a total revenue of 26.1 billion rupees, which is down 1.1% year-over-year, missing the projected 27.93 billion rupees.
- Revenues from Plastics Piping Products were 17.9 billion rupees, a decrease of 3.8% from the previous year, lower than the expected 19.37 billion rupees.
- Industrial revenue experienced a decline of 1.3% year-over-year to 3.02 billion rupees, compared to an estimate of 3.52 billion rupees.
- The Packaging segment saw sales of 4.02 billion rupees, an increase of 9.2% from the previous year, though it did not reach the estimate of 4.24 billion rupees.
- Consumer revenue rose by 1.2% year-over-year to 983.9 million rupees, below the forecasted 1.17 billion rupees.
- Total costs increased by 2.1% year-over-year to 23.9 billion rupees.
- Raw material costs rose by 7.9% year-over-year to 19.2 billion rupees, slightly below the estimated 19.32 billion rupees.
- Other income decreased by 21% year-over-year to 169.2 million rupees.
- Following the earnings miss, Supreme Industries‘ shares extended their drop by 2.3%, and they fell 2.2% to 4,042 rupees with 122,953 shares traded.
- Investment ratings for the company include 17 buys, 7 holds, and 4 sells.
A look at Supreme Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Supreme Industries Limited, a company that manufactures industrial and engineered molded products, storage solutions, chemicals, films, and more, is positioned well for the long term according to Smartkarma’s Smart Scores. With a strong Dividend score of 4 and Resilience score of 4, the company demonstrates stability and commitment to rewarding its investors. Additionally, Supreme Industries scores high on Momentum with a score of 5, indicating a positive trend in its stock performance. While its Value and Growth scores are slightly lower at 2 and 3 respectively, the overall outlook for Supreme Industries appears favorable.
Investors looking at Supreme Industries may find comfort in the company’s solid performance in dividends and resilience. The high Momentum score further suggests that the company is on a positive trajectory. With a diverse product portfolio ranging from industrial products to PVC pipes and furniture, Supreme Industries appears to have a strong foundation for growth and sustainability in the long term, making it a stock worth considering for those seeking stability and potential returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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