- Supreme Industries reported a net income of 2.73 billion rupees for the first quarter of 2024.
- This net income represents a 26% year-over-year increase but missed the estimate of 2.86 billion rupees.
- Revenue for the quarter was 26.4 billion rupees, an 11% increase year-over-year but below the estimated 27.12 billion rupees.
- Plastics Piping Products generated 18.6 billion rupees in revenue, marking a 14% increase year-over-year.
- Industrial revenue was 3.06 billion rupees, a 2.3% increase year-over-year, but fell short of the 3.28 billion rupees estimate.
- Packaging segment sales reached 3.68 billion rupees, up 14% year-over-year.
- Consumer revenue declined by 7.4% year-over-year to 971.9 million rupees, missing the estimate of 1.2 billion rupees.
- Total costs for the quarter were 23.4 billion rupees, representing a 10% increase year-over-year.
- Raw material costs amounted to 17.8 billion rupees, a 5.3% increase year-over-year, which was significantly higher than the estimated 11.25 billion rupees.
- Other income for the quarter was 214.4 million rupees, a substantial 51% increase year-over-year.
- Analyst recommendations include 13 buys, 8 holds, and 5 sells.
A look at Supreme Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
In light of the Smartkarma Smart Scores, Supreme Industries appears to have a positive long-term outlook. With strong ratings in resilience and momentum, the company showcases a robust ability to withstand challenges and sustain its growth trajectory. Additionally, both the dividend and growth scores indicate stable performance and potential for future expansion, contributing to a well-rounded profile for investors.
Supreme Industries Limited, a manufacturer of industrial and engineered products with diverse product lines ranging from chemicals to PVC pipes, demonstrates a balanced mix of value, growth, and income-generating capabilities. These scores suggest a favorable investment opportunity for individuals seeking a company with solid fundamentals and growth prospects in the industrial sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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