- Supreme Industries reported a net income of 1.87 billion rupees, which is down 27% from the previous year. This was below the estimated net income of 2.61 billion rupees.
- Revenue increased by 2.4% year-over-year, reaching 25.1 billion rupees. However, it fell short of the estimated 27.32 billion rupees.
- The Plastics Piping Products segment generated revenue of 16.65 billion rupees, marking a 1.5% increase year-over-year, but lower than the projected 19.62 billion rupees.
- Industrial segment revenue was slightly up by 0.3% year-over-year at 3.32 billion rupees, missing the estimate of 3.65 billion rupees.
- Packaging segment sales grew by 12% year-over-year to 3.98 billion rupees, narrowly missing the 4.01 billion rupees estimate.
- Consumer revenue declined by 5.4% to 1.06 billion rupees, underperforming the anticipated 1.22 billion rupees.
- The company’s total costs rose by 6.7% year-over-year, amounting to 22.95 billion rupees.
- Raw material costs increased by 7% to 18.3 billion rupees, slightly below the estimate of 18.85 billion rupees.
- Other income dropped by 57% year-over-year to 89 million rupees.
- The company’s shares decreased by 3%, closing at 4,077 rupees with 365,591 shares traded.
- Analysts’ ratings include 16 buys, 6 holds, and 4 sells.
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
Based on the Smartkarma Smart Scores, Supreme Industries seems to have a positive long-term outlook. With a strong 4 out of 5 score in Dividend and Resilience, it indicates that the company is performing well in terms of rewarding its shareholders and weathering market challenges. The Growth score of 3 suggests a moderate potential for expansion and development. However, the Value and Momentum scores of 2 each point to some areas where improvement may be needed for the company to fully capitalize on its strengths.
Supreme Industries Limited, known for manufacturing industrial and engineered molded products, storage crates, chemicals, films, and more, seems to be focusing on providing consistent dividends and maintaining its resilience in the market. While there is room for growth, attention to enhancing value and momentum could further solidify its position in the industry and attract more investors seeking a balanced portfolio.
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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