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SUPREMEIND Consensus Forecast

No. of reports in last year
6
No. of analysts
5
Average Consensus Forecast
1712.67
Consensus Potential
-31.51%

SUPREMEIND Price Target Potential

BrokerageTargetPotential
CD Equisearch264421.36%
Sharekhan2020-2.93%
Kotak Securities1430-45.40%
ICICIdirect.com1650-26.01%

SUPREMEIND Targets in FrontPage Forums

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0% Bearish
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SUPREMEIND Ratings

Long term SUPREMEIND rating by FrontPage users
4.1/5 (9 Ratings)

6 SUPREMEIND share price target reports by brokerages below. See what is analyst's view on SUPREMEIND share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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SUPREMEIND Share Price Target

SUPREMEIND Share Price Target - Broker Reports - 2021

23-Jun-21
Price @ Call: 2132.85
Target: 2644
BUY
25-Jan-21
Price @ Call: 1785.95
Target: 2020
BUY

SUPREMEIND Share Price Target - Broker Reports - 2020

29-Oct-20
Price @ Call: 1461.72
Target: 1430
REDUCE
29-Sep-20
Price @ Call: 1421.05
Target: 1650
BUY
18-Sep-20
Price @ Call: 1435.6
Target: 1457
HOLD
29-Jul-20
Price @ Call: 1260.9
Target: 1075
SELL
Weakness to persist...premium valuation Supreme Industries Ltd (SIL) is India’s leading player in plastic products; the wide range of offering includes Plastic Piping system, Packaging, Industrial and Consumer products. We downgrade SIL to Sell as we expect the slowdown to persist for some more time and current premium valuation does not provide comfort. Q1FY21 Revenue & PAT de-grew by 27% & 53% YoY respectively, impacted by lockdown. EBITDA margin declined by 50bps YoY to 11.1% on account of suboptimal revenue growth & weak operating performance. Q1 volume de-grew by 19% YoY, but we expect revival in revenue growth from H2FY21E, led by revival in rural & agri demand and gradual pick-up in business as Covid-19 related issues moderate. Though we are positive on long term growth outlook of SIL, the current premium valuation is not sustainable. We value SIL at P/E of 27x on FY22E with a target price of Rs1,073.
... Read more
26-May-20
Price @ Call: 990.71
Target: 1396
BUY
Supreme Industries Ltd reported results which were slightly below expectations in terms of revenue numbers. However, the margins profile of the company was higher than forecasted. Therefore, we have taken the impact of COVID19 under consideration and arrived at a FY22E PAT and EPS of Rs.587.3 Cr and Rs.46.23 respectively. We maintain our revenue growth forecast of ~8% CAGR over FY19-22E and derive with revenue of Rs.7,230.7 Cr for FY22E. After assigning a price multiple of ~30X we arrive at our previous target price of Rs.1,396 over a period of 18-24 month investment horizon which gives an upside of ~40% from today’s opening price.
... Read more
26-May-20
Price @ Call: 990.71
Target: 1110
ADD
SIL is positive on strong growth in plastic piping segment in the longer run based on demand expected from government’s initiatives towards boosting affordable housing, focus on sanitation and providing piped water to all. We believe that SIL’s near term volume across most of the product segments is expected to be impacted by Covid-19 led restrictions. In our view, plastic piping business which contributes 63% to revenue (in FY20), is expected to face challenges in FY21E due to impact of Covid-19 on retail sales of pipes in plumbing segment and slowdown in the real estate sector. However the demand on rural and agriculture side is expected to remain strong based on strong agri season last year, normal monsoon forecast for 2020 and lesser impact of Covid19 in rural areas. This may also positively impact demand on packaging segment. We also believe that sustaining high margins of Q4FY20 would be difficult in FY21E due to change in the product mix (on expectation of increased contribution from agri side) and absence of high discounts on raw material procurement. We have factored in the impact of Covid-19 on company’s business (particularly in H1FY21) in our estimates. We have cut our earnings estimates for FY21E/22E by 8.5%/4.3%, respectively. The stock is presently trading at PE of 31.3x/24.7x on FY21E/22E revised EPS of Rs 31.3/Rs 39.6 (vs Rs 34.2/Rs 41.4 earlier), respectively. We maintain ADD rating on the stock with revised target price of Rs 1110 (vs Rs 1160), valuing the stock at 28x on FY22E revised earnings. Key risk to our estimates and rating are prolong impact of Covid-19 led restrictions, risk of slowdown in consumer discretionary spending, slowdown in real estate, etc.
... Read more
23-Apr-20
Price @ Call: 1065.61
Target: 1396
BUY
We have factored in effect of Covid-19 pandemic and industry slow down in the sales figures. Hence, we expect the company to show a flattish revenue growth of 1.4% in FY20 with similar PAT margins and we expect the growth to start flowing from FY21 to FY22. We have forecasted a revenue growth of 8.84% CAGR over FY 19-22E and derived with revenue of Rs. 7,230.7 Cr for FY22E. We expect the FY22E EPS to be Rs. 46.53 and the PAT margin to be 8.18%. We have assigned a P/E multiple of 30x and arrive at a Target Price of Rs. 1,396 which is an upside of ~30% from current price of Rs. 1,073. We in
... Read more
19-Feb-20
Price @ Call: 1400
Target: 1615
BUY
The stock currently trades at 35.5x FY20e EPS of Rs 39.30 and 30.2x FY21e EPS of Rs 46.14. Upward revision in earnings has stemmed from unexpected cut in corporate tax in September. As a consequence, FY21 earnings have been revised by 9.4% despite lower projected revenues. Resuscitation in volume growth - goaded by uptick in economic activity - would help earnings to grow by 17.4% next fiscal on tenuously improved return on capital. Weighing odds, we retain our accumulate rating on the stock with revised target of Rs 1615 (previous target: Rs 1265) based on 35x FY21e earnings (average three year TTM P/E: 34.2x).
... Read more
28-Jan-20
Price @ Call: 1340.27
Target: 1420
HOLD
We introduce FY22E estimates with revenue, earning growth of 15%, 17% YoY, respectively. Though we maintain our positive stance on the stock, we revise our rating from BUY to HOLD considering its present valuation at 30x FY21E, 26x FY22E. We maintain our target price at Rs 1420/share.
... Read more
29-Jan-20
Price @ Call: 1348.25
Target: 1476
HOLD
Going ahead, we expect revenue growth to driven by revival in packaging & piping segment and operating margin to improve by better product mix. We upgrade to Hold from Reduce as we roll forward to FY22E and value SIL at P/E of 28x with a target price of Rs1,476.
... Read more

SUPREMEIND Share Price Target - Broker Reports - 2019

30-Oct-19
Price @ Call: 1177
Target: 1420
BUY
The strong performance of the piping business and solid balance sheet (debt/equity 0.08x) with higher return ratios RoE, RoCE at 22%, 29% reduces short-term concerns in the industrial and packaging segment. We maintain our BUY recommendation on the stock with a target price of Rs 1420/share.
... Read more
30-Oct-19
Price @ Call: 1177
Target: 1082
REDUCE
Given the near term demand headwinds, impact of lower realisation on revenue growth and tax cuts being priced-in we value SIL at P/E 24x on FY21E and maintain to “Reduce”, with a target price of Rs1082.
... Read more
18-Oct-19
Price @ Call: 1217.75
Target: 1420
BUY
We believe, company’s revenue, earning to grow at a CAGR of 13% and~21% respectively in FY19-21E led by strong volume traction in the piping segment and rising contribution of value added products in the topline (increased from 24% in FY12 to 35% in FY19). Despite capital intensive business, company D/E remained low at 0.2x due to efficient working capital management (~10% sales) and continue generation of free cashflow (average Rs 200 crore annually in the last 8 years). This has resulted in average RoE and RoCE of ~26% and ~30% respectively in the last 8 years. We maintain our BUY recommendation on the stock with a revised target price of Rs 1420/share.
... Read more
27-Sep-19
Price @ Call: 1200
Target: 1480
BUY
30-Jul-19
Price @ Call: 1029.43
Target: 1215
BUY
Though we believe SIL is a strong play in the PVC industry, short-term headwinds such as high raw material prices and rising competition may restrict any sharp movement in EBITDA margin. However, strong balance sheet with debt/equity 0.08x and higher return ratios RoE, RoCE at 22%, 29% reduce short-term concerns in the industrial segment. We maintain our BUY recommendation on the stock with a revised target price of Rs 1215/share.
... Read more
31-Jul-19
Price @ Call: 1029
Target: 1200
HOLD
Maintain Hold with a revised PT of Rs. 1,200:
We have fine-tuned our earnings estimates for FY2020/FY2021E on account of strong volume growth, good demand environment for plastic piping system (~60% of total revenues) and anticipated recovery in margins. We continue to remain Positive on SIL over the long term, given recovery in rural economy, affordable housing sector and the new scheme for piped water connection – “Nal se Jal”. At the CMP, the stock is trading at 31x/27x its FY2020E/ FY2021E earnings, which provides limited upside from the current level. We retain our Hold rating on the stock with a revised SoTP price target (PT) of Rs. 1,200.
... Read more
30-Jul-19
Price @ Call: 1077
Target: 1130
ADD
SIL is positive on strong growth in plastic piping segment in FY20E based on demand from government’s initiatives towards boosting affordablehousing, focus on sanitation and providing piped water to all. We have marginally realigned our estimates across segments, factoring in higher growth in piping segment and weaker performance in industrial segment. The stock is presently trading at PE of 30.8x and 25.7x on FY20E and FY21E EPS of Rs 35 (vs Rs 34.8) and Rs 41.9 (Vs Rs 41.6) per share, respectively. We maintain our ADD rating on the stock with revised target price of Rs 1130 (vs Rs 1124), valuing the stock at 27x on FY21E earnings
.
... Read more
26-Jul-19
Price @ Call: 1095.65
Target: 1265
ACCUMULATE
With earnings growth not expected to grow in high teens (on average) over the next two years, return on capital would barely stay elevated. On balance we advise accumulating the stock with revised target of Rs 1265 (previous target: Rs 1214) based on 30x FY21e earnings over a period of 9-12 months.
... Read more
23-Jul-19
Price @ Call: 1065.7
Target: 1124
ADD
We maintain our previous estimates where we have assumed 9% and 10.8% growth in volume and 2% and 1% growth in realization in FY20E and FY21E, respectively. The stock is presently trading at PE of 30.7x and 25.7x on FY20E and FY21E EPS of Rs 34.8 and Rs 41.6 per share, respectively. We have ADD rating with target price of Rs 1124, valuing the stock at 27x on FY21E earnings.
... Read more
10-May-19
Price @ Call: 997.81
Target: 1122
ACCUMULATE
Leadership position and strong distribution reach will come handy as the piping segment volume outlook gets better in the longer run. Low valuations, strong return ratios and improvement in volume outlook makes us recommend Accumulate with a target price of ` 1,122 to trade at 25x FY21E earnings.
... Read more
7-May-19
Price @ Call: 1054.58
Target: 1120
HOLD
MaintainHoldwitharevisedPTofRs.1,120: We have revised downward our earnings estimates for FY2020/FY2021E on account of weak exit in Q4FY2019. However, we continue to remain Positive on SIL over the long term, given recovery in rural economy and affordable housing sector. At the CMP, the stock is trading at 30x/26x its FY2020E/FY2021E earnings, which provides limited upside from the current level. We retain our Hold rating on the stock with a revised SoTP price target (PT) of Rs. 1,120.
... Read more
9-May-19
Price @ Call: 1000.71
Target: 1147
BUY
At CMP of INR 1021, the stock is trading at 24.8XFY20E and 21.3XFY21E earnings. We are valuing the company on a SOTP basis (SI core business is valued at 20XFY21EPS and Supreme Petrochemicals stake at 20% discount to the market value) to arrive at a target price of INR 1,147 and maintain BUY rating. Risks: The prices of raw materials are linked with crude oil price and volatility in global crude oil price would significantly impact raw material costs of the company. The plastic industry is considered to be highly fragmented and largely unorganized. Any intensification of competition could lead to a price war, thus affecting the company’s operating margin.
... Read more
29-Mar-19
Price @ Call: 1107.8
Target: 1333
BUY
At a CMP of Rs. 1096.0, SIL’s stock is trading at a TTM P/E multiple of 27.7x, which is at a premium compared to its peer average 19.5. SIL's top line and bottom line are expected to grow at a CAGR of 13.9% and 14.2% respectively over FY18-20E on the back of increasing demand from the piping and packaging segment led by governments thrust on housing, infrastructure and industrial sectors. SIL’s massive production capacity and continuous efforts of management to increase the capacity expansion will help to cater the growing demand. Further company’s initiatives to increase the share of value added products could be margin accretive for the company. We used SOTP valuation method to value the business. Core business is valued at a FY19E P/E of 31.8x to its FY20E EPS, to arrive at a value of Rs. 1,297.4 and Supreme Petrochemical Ltd (SIL’s associate company) is valued at Rs. 35.5 per share. Thus, on the basis of SOTP valuation we arrive at a target price of Rs. 1,333, reflecting a potential upside of 21.6% over a period of 12-18 months. Thus we recommend a ‘BUY’ rating on the stock.
... Read more
29-Jan-19
Price @ Call: 993
Target: 2775
BUY
29-Jan-19
Price @ Call: 993
Target: 1150
HOLD
28-Jan-19
Price @ Call: 997.15
Target: 1150
BUY
22-Jan-19
Price @ Call: 1037
Target: 1214
ACCUMULATE
14-Jan-19
Price @ Call: 1109.2
Target: 1242
BUY

SUPREMEIND Share Price Target - Broker Reports - 2018

31-Dec-18
Price @ Call: 1181.09
Target: 1537
BUY
30-Oct-18
Price @ Call: 986.75
Target: 1205
BUY
30-Oct-18
Price @ Call: 986.75
Target: 1075
HOLD
2-Aug-18
Price @ Call: 1205
Target: 1320
HOLD
1-Aug-18
Price @ Call: 1204.73
Target: 1324
BUY
1-Aug-18
Price @ Call: 1201
Target: 1355
BUY
27-Apr-18
Price @ Call: 1331.01
Target: 1540
BUY
27-Apr-18
Price @ Call: 1331.01
Target: 1441
ACCUMULATE
26-Apr-18
Price @ Call: 1277.73
Target: 1500
BUY
30-Apr-18
Price @ Call: 1331.5
Target: 1440
ACCUMULATE
27-Apr-18
Price @ Call: 1331.01
Target: 1324
REDUCE
19-Mar-18
Price @ Call: 1200
Target: 1416
ACCUMULATE
1-Mar-18
Price @ Call: 1190
Target: 1335
ACCUMULATE

SUPREMEIND Share Price Target - Broker Reports - 2017

9-Nov-17
Price @ Call: 1104
Target: 1250
BUY
31-Oct-17
Price @ Call: 1131.2
Target: 1248
ACCUMULATE
31-Oct-17
Price @ Call: 1131.2
Target: 1172
BUY
2-Aug-17
Price @ Call: 1126
Target: 1240
BUY
28-Jul-17
Price @ Call: 1132
Target: 1285
BUY
27-Jul-17
Price @ Call: 1132
Target: 1172
BUY
17-Jul-17
Price @ Call: 1190
Target: 1450
BUY
28-Jun-17
Price @ Call: 1199.6
Target: 1250
HOLD
27-Jun-17
Price @ Call: 1224
Target: 1396
BUY
4-May-17
Price @ Call: 1171
Target: 1268
BUY
2-May-17
Price @ Call: 1155
Target: 1285
BUY
1-Feb-17
Price @ Call: 923
Target: 1062
BUY
27-Jan-17
Price @ Call: 923
Target: 1033
BUY
27-Jan-17
Price @ Call: 928
Target: 1050
BUY
16-Jan-17
Price @ Call: 872
Target: 1004
ACCUMULATE

SUPREMEIND Share Price Target - Broker Reports - 2016

22-Apr-16
Price @ Call: 802
Target: 924
BUY
22-Apr-16
Price @ Call: 799
Target: 895
BUY
28-Oct-16
Price @ Call: 904
Target: 1011
BUY
2-Aug-16
Price @ Call: 937
Target: 895
SELL
21-Jun-16
Price @ Call: 875
Target: 971
ACCUMULATE
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  • SUPREMEIND Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 32,141.1
    Upside Target 22,115.55
    Upside Target 12,097.35
    Pivot2,071.8
    Downside Target 12,053.6
    Downside Target 22,028.05
    Downside Target 32,009.85
  • SUPREMEIND Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 32,226.92
    Upside Target 22,186.43
    Upside Target 12,143.92
    Pivot2,103.43
    Downside Target 12,060.92
    Downside Target 22,020.43
    Downside Target 31,977.92
  • SUPREMEIND Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 32,511.73
    Upside Target 22,412.52
    Upside Target 12,288.43
    Pivot2,189.22
    Downside Target 12,065.13
    Downside Target 21,965.92
    Downside Target 31,841.83
  • SUPREMEIND Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 32,115.55
    Upside Target 22,098.84
    Upside Target 12,088.51
    Pivot2,071.8
    Downside Target 12,055.09
    Downside Target 22,044.76
    Downside Target 32,028.05
  • SUPREMEIND Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 32,186.43
    Upside Target 22,154.73
    Upside Target 12,135.14
    Pivot2,103.43
    Downside Target 12,071.73
    Downside Target 22,052.14
    Downside Target 32,020.43
  • SUPREMEIND Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 32,412.52
    Upside Target 22,327.22
    Upside Target 12,274.52
    Pivot2,189.22
    Downside Target 12,103.92
    Downside Target 22,051.22
    Downside Target 31,965.92
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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