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.
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