Supreme Petrochem Ltd Stock Analysis

BSE: 500405 | NSE: SPLPETRO | Chemicals | Mid Cap

BSE Share Price 07-Feb-2023 18:01
390.90 10.95 (2.88%)

DeciZen - Make an Informed Decision on Supreme Petrochem

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Supreme Petrochem Price Chart

P/E Ratio ( SA) :
13.04
Market Cap :
7,350.5 Cr.
52-wk low :
315
52-wk high :
513.5
Bole Toh?

1. Is Supreme Petrochem Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Supreme Petrochem Ltd is a average quality company.

2. Is Supreme Petrochem Ltd undervalued or overvalued?

The key valuation ratios of Supreme Petrochem Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Supreme Petrochem Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Supreme Petrochem Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Supreme Petrochem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Supreme Petrochem Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Jun'13Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 25.4%16.4%17.8%18.9%37.3%20.5%9.7%17.5%55.8%52.2%-
Value Creation Index NANANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,9673,2642,6532,7572,9193,0273,1942,7243,1855,0325,388
YoY Gr. Rt. %-10%-18.7%4%5.9%3.7%5.5%-14.7%16.9%58%-
Adj EPS 4.92.734.99.56.43.15.725.535.630
YoY Gr. Rt. %--45.3%11.2%65%93.3%-32.7%-51.7%86.4%343.4%39.7%-
BVPS (₹) 18.218.919.528.730.233.533.334.956.680.691.6
Adj Net Profit 94.651.557.394.618312359.5111479669564
Cash Flow from Ops. 12094.979.811268.6213133119435672-
Debt/CF from Ops. 0.60.300000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%11.5%16.4%58%
Adj EPS 24.7%30.3%126%39.7%
BVPS 1821.734.342.3
Share Price 28.8% 16.5% 64.4% 13.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'13Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 28.614.415.517.936.7209.216.855.151.834.8
Op. Profit Mgn % 6.33.74.7610.46.83.45.921.218.214.1
Net Profit Mgn % 3.21.62.23.46.34.11.94.11513.310.5
Debt to Equity 0.20.100000000-
Working Cap Days 676067796882747678590
Cash Conv. Cycle 5524-5-84721-730

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 52.80%

Net Profit is growing at healthy rate in last 3 years 28.94%

Debt to equity has declined versus last 3 years average to 0.66

Sales growth has been subdued in last 3 years 2.57%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Supreme Petrochem Ltd.

Standalone Consolidated
TTM EPS (₹) 30 3.2
TTM Sales (₹ Cr.) 5,388 1,613
BVPS (₹.) 91.6 0
Reserves (₹ Cr.) 1,685 140
P/BV 4.27 0.00
PE 13.04 121.38
From the Market
52 Week Low / High (₹) 315.00 / 513.52
All Time Low / High (₹) 2.00 / 513.52
Market Cap (₹ Cr.) 7,351
Equity (₹ Cr.) 37.6
Face Value (₹) 2
Industry PE 31.2

Management X-Ray of Supreme Petrochem :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Supreme Petrochem

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Supreme Petrochem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Supreme Petrochem on 07-Feb-2023 18:01 is : 390.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Feb-2023 18:01 the market cap of Supreme Petrochem stood at ₹ 7,350.5.
The latest PE ratio of Supreme Petrochem as of 07-Feb-2023 18:01 is 13.04.
The latest PB ratio of Supreme Petrochem as of 07-Feb-2023 18:01 is 4.27
The 52-week high of Supreme Petrochem is ₹ 513.5 and the 52-week low is ₹ 315.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Supreme Petrochem is ₹ 5,388 ( Cr.) .

About Supreme Petrochem Ltd

Supreme Petrochem Ltd (SPL) is a joint venture between the Supreme Industries Ltd. and the Rajan Raheja Group. The Rajan Raheja Group has interests in cement, ceramic tiles, publishing, cable television, retailing, automobile batteries, readymix concrete, software, petrochem, hotels, asset management and real estate. The company started commercial production started in October 1995.

SPL is the leader in Polystyrene business in the Indian market place with a share of more than 50%. SPL is also the largest exporter of PS from India, exporting to over 80 countries around the globe. Currently SPL's exports are over 100,000 tonne per year.

The product range covers the entire spectrum of Polystyrene. GPPS range covers MFI of 1.6 to 20, HIPS covering both extrusion and moulding grades, ESCR, High Gloss and super High Impact grades.

Supreme Petrochem owns and operates a state-of-the art Polystyrene facility, with an installed capacity of 2,72,000 TPA located at Nagothane in Raigad District, about 100 km south-east of Mumbai city. The facility also includes a world class colouring and compounding facility with an installed capacity of 17000 TPA.

The plant is based on technology from the erstwhile Huntsman Chemical Corporation (Now NOVA Chemicals) USA with basic engineering by ABB Lummus Crest, USA.The specialty range includes UL listed Ignition Retardant HIPS (both V0 and V2 rating), Mineral Filled HIPS, Micro floppy diskette grade, UV stabilised PS, Toughened PS and custom coloured PS, filled PP for automotive/appliance industry application, high quality white and gray colour master batches for injection molding as well as film, sheet extrusion applications.

The company has taken over management control of Shin Ho Petrochemical (India) Ltd, an existing player in Expanded Polystyrene (EPS) in Chennai, (Southern India) with an installed capacity of 6000 TPA. The name of this company is being changed to SPL Polymers Ltd and capacity expansion of the plant is under implementation. New EPS project of 60,000 TPA capacity is under implementation in Nagothane Styrenics Complex.

To hasten the development of new applications and use of these materials Product Application Centre has been established where joint programmes with customers are initiated.

SPL's reputation as a reliable supplier is due to its internationally acclaimed safety record in plant operation and total compliance with global and local standards on EHS. For these SPL has been awarded with 5 star rating from British Safety Council.A strong online customer feed back system on quality of products and services is the essence of SPL's quest for continuous improvement.

Product Range of the company includes:

  • General Purpose Polystyrene
  • Speciality Polystyrene
  • Masterbatches
  • High Impact Polystyrene
  • Compounds

Awards/ Achievements

  • It’s operations are ISO 9001:2000, ISO 14001:1996 and OHSAS 18001:1999 certified.
  • 1997- 5 Star rating by British Safety Council, UK for excellence in Occupational Health & Safety.
  • 1998- Environment Management System, ISO 14001 : 1996 by DNV
  • 1999- Quality Management System, ISO 9001:2000 by BVQI
  • 1999- Dr. R. J. Rathi Award for Environment Protection in & around Complex by Maratha Chamber of Commerce
  • 2002- Signatory to Responsible Care Initiative instituted by ICMA
  • 2003- Occupational Health & Safety Management System OHSAS 18001:1999 by BVQI
  • 2005 Business Leader of the Year – Petrochemicals of Chemtech Foundation
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