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Buy Supreme Industries; target of Rs 2600: ICICI Direct

ICICI Direct is bullish on Supreme Industries recommended buy rating on the stock with a target price of Rs 2600 in its research report dated November 01, 2022.

November 02, 2022 / 06:23 PM IST
 
 
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ICICI Direct's research report on Supreme Industries

Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments including piping systems, packaging products, industrial products & consumer product category with revenue contribution of 63%,16%, 16% & 5%, respectively. Market leader in the PVC pipe industry with a value market share of 15% • Robust balance sheet with RoE & RoCE of 24% & 27% (five-year average), respectively, with stringent working capital policy.

Outlook

We maintain our BUY rating on the stock. We value the stock at 32x P/E FY24E EPS and revise our target price to Rs 2600.

For all recommendations report, click here

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Supreme Industries - 02-11-2022 - icici

Broker Research
first published: Nov 2, 2022 06:23 pm

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