- Supreme Industries reported a net income of 2.07 billion rupees for the 2nd quarter, marking a 14% decline year-over-year, significantly missing the estimate of 2.46 billion rupees.
- Revenue for the quarter was 22.7 billion rupees, down 1.7% from the previous year, and below the projected 24.56 billion rupees.
- The Plastics Piping Products segment generated 14.4 billion rupees in revenue, a decrease of 4.6% year-over-year, missing the forecast of 16.28 billion rupees.
- Industrial revenue saw a minor increase of 0.6%, reaching 3.28 billion rupees, slightly under the expected 3.45 billion rupees.
- Sales in the Packaging segment rose by 14% to 4 billion rupees, which was just below the estimated 4.08 billion rupees.
- Consumer revenue fell by 1% to 1.04 billion rupees, not meeting the estimated 1.16 billion rupees.
- Total costs rose by 1% year-over-year, amounting to 20.5 billion rupees.
- Raw material costs increased by 2.5%, reaching 16.4 billion rupees, slightly below the estimate of 16.81 billion rupees.
- Other income increased by 19%, totaling 150.5 million rupees.
- Shares dropped by 3.6% to 4,803 rupees with 91,355 shares traded on the day.
- Analyst ratings include 12 buys, 7 holds, and 8 sells.
A look at Supreme Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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
Supreme Industries Limited, a company that specializes in manufacturing industrial and engineered products, showcases a mixed outlook according to Smartkarma Smart Scores analysis. With a Value score of 2, the company may have some undervalued aspects that could attract value investors seeking potential opportunities. Its Dividend score of 4 indicates a promising aspect for income-oriented investors, showing the company’s strength in providing returns through dividends. Moreover, the Growth score of 3 suggests a moderate growth potential, appealing to investors looking for steady expansion in the long run. Coupled with a high Resilience score of 5, Supreme Industries exhibits strong resilience against market fluctuations, enhancing its attractiveness among risk-conscious investors. However, a lower Momentum score of 2 may indicate a slower pace in stock price movement, which could be a factor for investors considering short-term gains.
Summarily, Supreme Industries Limited stands out in the manufacturing sector, producing a diverse range of products including molded industrial products, plastics, and chemicals among others. Despite having varying Smart Scores, the company’s overall outlook reflects a blend of value, dividend income, resilience, and growth potential. Investors with a long-term perspective may find Supreme Industries a viable option for a balanced portfolio, considering its mix of stability and growth opportunities 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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