- Supreme Industries reported a net income of 2.94 billion rupees, which was 17% lower year-on-year but exceeded the estimated 2.57 billion rupees.
- Revenue for the quarter totaled 30.3 billion rupees, marking a growth of 0.7% year-on-year, although it fell short of the estimated 31.88 billion rupees.
- The Plastics Piping Products segment brought in 20.7 billion rupees, down by 3.7% year-on-year, and below the anticipated 24.25 billion rupees.
- Industrial revenue was 3.46 billion rupees, representing a 1.7% decline year-on-year and missing the estimate of 3.75 billion rupees.
- The Packaging segment saw a sales increase of 13% year-on-year, totaling 4.26 billion rupees, surpassing the estimate of 4.06 billion rupees.
- Consumer revenue rose by 15% year-on-year to 1.36 billion rupees, outperforming the estimate of 1.21 billion rupees.
- Total costs for Supreme Industries increased by 4.2% year-on-year, amounting to 27.1 billion rupees.
- Raw material costs were recorded at 17.8 billion rupees, up 1.1% year-on-year, and significantly lower than the estimated 23.18 billion rupees.
- Other income experienced a decline of 31% year-on-year, settling at 124.5 million rupees.
- A dividend of 24 rupees per share was announced.
- The company’s stock received 16 “buy” recommendations, 6 “hold,” and 4 “sell.”
A look at Supreme Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
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, a company engaged in manufacturing industrial products and materials, is positioned for a stable long-term outlook according to Smartkarma Smart Scores. With a strong dividend score of 4 indicating its ability to provide consistent returns to investors, coupled with a resilience score of 4 highlighting its capacity to weather market fluctuations, Supreme Industries shows promise for sustained performance. While its value and momentum scores are moderate at 2, the company’s growth score of 3 suggests potential for expansion and development in the future.
Specializing in a wide range of products from engineered molded goods to chemical substances and packaging films, Supreme Industries has a diversified portfolio that contributes to its strength in the market. Investors eyeing a balance between dividend stability and growth opportunities may find Supreme Industries an intriguing prospect based on its Smartkarma Smart Scores, pointing towards a company with a solid foundation for long-term success.
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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