Supreme Petrochem Ltd - Stock Valuation and Financial Performance

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

Supreme Petrochem Share Price

619.05 11.35 1.87%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Supreme Petrochem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Supreme Petrochem stock performance -

mw4me loader
P/E Ratio (SA):
31.25
Market Cap:
11,714 Cr.
52-wk low:
353.3
52-wk high:
782.8

Is Supreme Petrochem Ltd an attractive stock to invest in?

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 good 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 Overvalued zone.

3. Is Supreme Petrochem Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Supreme Petrochem Ltd is likely to Rise-somewhat 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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.4%17.8%18.9%37.3%20.5%9.7%17.5%55.8%52.2%30.7%-
Value Creation
Index
NANANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,2642,6532,7572,9193,0273,1942,7243,1855,0325,2875,063
Sales YoY Gr.--18.7%4%5.9%3.7%5.5%-14.7%16.9%58%5.1%-
Adj EPS 2.734.99.56.43.15.725.535.627.219.9
YoY Gr.-11.2%65%93.3%-32.7%-51.7%86.4%343.4%39.7%-23.4%-
BVPS (₹) 18.919.528.730.233.533.334.956.680.698.1102.5
Adj Net
Profit
51.557.394.618312359.5111479669512375
Cash Flow from Ops. 94.979.811268.6213133119435671324-
Debt/CF from Ops. 0.3000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%11.8%24.7%5.1%
Adj EPS 29.4%33.7%68%-23.4%
BVPS20.1%24%41.1%21.7%
Share Price 36.1% 40.8% 45.2% 70.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.415.517.936.7209.216.855.151.830.519.9
Op. Profit
Mgn %
3.74.7610.46.83.45.921.218.212.99.9
Net Profit
Mgn %
1.62.23.46.34.11.94.11513.39.77.4
Debt to
Equity
0.1000000000-
Working Cap
Days
6067796882747678596964
Cash Conv.
Cycle
24-5-84721-73938

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.74%

Net Profit is growing at healthy rate in last 3 years 68.01%

Return on Equity has declined versus last 3 years average to 19.90%

Sales growth is not so good in last 4 quarters at -5.31%

Latest Financials - Supreme Petrochem Ltd.

Standalone Consolidated
TTM EPS (₹) 19.9 3.2
TTM Sales (₹ Cr.) 5,063 1,613
BVPS (₹.) 102.5 0
Reserves (₹ Cr.) 1,889 140
P/BV 6.08 0.00
PE 31.25 193.38
From the Market
52 Week Low / High (₹) 353.30 / 782.80
All Time Low / High (₹) 2.00 / 782.80
Market Cap (₹ Cr.) 11,714
Equity (₹ Cr.) 37.6
Face Value (₹) 2
Industry PE 47

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3,2642,6532,0682,9193,0273,1942,7243,1855,0325,287
Operating Expenses 3,1752,5591,9642,6212,8303,1002,5762,5154,1264,626
Manufacturing Costs56554657626966607388
Material Costs2,9762,3541,8032,4282,6192,8782,3572,2953,8444,299
Employee Cost 28322635404042464855
Other Costs 11411888101110114111115160185
Operating Profit 909310429719693148670907661
Operating Profit Margin (%) 2.7%3.5%5.0%10.2%6.5%2.9%5.5%21.0%18.0%12.5%
Other Income 634781012213159
Interest 231755546876
Depreciation 29241722212336394247
Exceptional Items 0000000000
Profit Before Tax 44568527817976118644888667
Tax 14202898632715166225169
Profit After Tax 31365717911649103477663498
PAT Margin (%) 0.9%1.3%2.8%6.1%3.8%1.5%3.8%15.0%13.2%9.4%
Adjusted EPS (₹)1.61.93.09.36.02.65.325.435.326.5
Dividend Payout Ratio (%)47%41%25%24%37%59%52%30%22%34%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3643764155826466426731,0651,5161,844
Share Capital 97979797979796943838
Reserves 2682803184865495465779711,4781,806
Minority Interest0000000000
Debt9000000000
Long Term Debt9000000000
Short Term Debt0000000000
Trade Payables491393413432571474476569526782
Others Liabilities 11911211011679104106122237105
Total Liabilities 9848819381,1301,2961,2211,2551,7552,2782,731

Fixed Assets

Gross Block669675350376393414489505521757
Accumulated Depreciation29733017396083118146185230
Net Fixed Assets371345333337333331371359337527
CWIP 441013102489179108
Investments 0000111251135470484563
Inventories179188181306313245258318301647
Trade Receivables337239281307295285248385412362
Cash Equivalents 2332719812838176107447350
Others Assets697361691064759108119175
Total Assets 9848819381,1301,2961,2211,2551,7552,2782,731

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 95808469213133119435671324
PBT 44568527817976118644888667
Adjustment 484115223112453420-3
Changes in Working Capital 22-821-1426668-4-78-10-169
Tax Paid -19-10-38-89-63-23-39-165-227-171
Cash Flow From Investing Activity -3-5-5-25-15-27-7-64-140-149
Capex -7-7-7-28-18-32-16-22-163-206
Net Investments 0000001-441541
Others 42234682815
Cash Flow From Financing Activity -96-66-40-16-57-56-90-104-177-194
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -43-3200000000
Interest Paid -23-17-5-5-5-4-3-3-1-1
Dividend Paid -28-17-35-12-52-52-70-38-155-169
Others -200000-18-63-21-24
Net Cash Flow -5939271415022266354-19
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.539.6414.423618.927.6415.654.9451.4129.66
ROCE (%)16.318.8322.7956.6929.912.4418.9175.0469.3840.07
Asset Turnover Ratio3.593.172.593.112.562.542.222.142.512.12
PAT to CFO Conversion(x)3.062.221.470.391.842.711.160.911.010.65
Working Capital Days
Receivable Days34364033353335362927
Inventory Days20232928363233332233
Payable Days31698263706674835256

Supreme Petrochem Ltd Stock News

Supreme Petrochem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Supreme Petrochem on 28-Mar-2024 16:01 is ₹619.0.
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 28-Mar-2024 16:01 the market cap of Supreme Petrochem stood at ₹11,714.
The latest P/E ratio of Supreme Petrochem as of 28-Mar-2024 16:01 is 31.25.
The latest P/B ratio of Supreme Petrochem as of 28-Mar-2024 16:01 is 6.08.
The 52-week high of Supreme Petrochem is ₹782.8 and the 52-week low is ₹353.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Supreme Petrochem is ₹5,063 ( 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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