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Results
30-Oct-23
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Analysis
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Supreme Industries
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OP up 142%
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Consolidated
net sales (including other operating income) of Supreme Industries has
increased 10.64% to Rs 2308.69 crore.
Sales of Plastics Piping Products segment has gone up 16.57% to Rs
1,509.28 crore (accounting for 65.37% of total sales). Sales of Industrial Products segment has gone
down 2.70% to Rs 325.81 crore (accounting for 14.11% of total sales). Sales of Packing Products segment rose 7.44%
to Rs 352.21 crore (accounting for 15.26% of total sales). Sales of Consumer Products segment has gone down
5.78% to Rs 105.44 crore (accounting for 4.57% of total sales). Sales of Others segment has gone down 7.80%
to Rs 15.95 crore (accounting for 0.69% of total sales).
Profit
before interest, tax and other unallocable items (PBIT) has jumped 229.70% to
Rs 290.89 crore. PBIT of Plastics Piping
Products segment rose 709.73% to Rs 200.57 crore (accounting for 68.95% of
total PBIT). PBIT of Industrial Products
segment fell 15.39% to Rs 25.24 crore (accounting for 8.68% of total
PBIT). PBIT of Packing Products segment
rose 124.40% to Rs 47.82 crore (accounting for 16.44% of total PBIT). PBIT of Consumer Products segment rose 12.89%
to Rs 17.52 crore (accounting for 6.02% of total PBIT). PBIT of Others segment rose 91.88% to Rs
-0.26 crore (accounting for -0.09% of total PBIT).
PBIT
margin of Plastics Piping Products segment rose from 1.91% to 13.29%. PBIT margin of Industrial Products segment
fell from 8.91% to 7.75%. PBIT margin of
Packing Products segment rose from 6.50% to 13.58%. PBIT margin of Consumer Products segment rose
from 13.87% to 16.62%. PBIT margin of
Others segment rose from negative 18.50% to negative 1.63%. Overall PBIT margin rose from 4.23% to 12.60%.
Operating
profit margin has jumped from 7.05% to 15.43%, leading to 142.12% rise in
operating profit to Rs 356.23 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
75.38% to 66.57%. Purchase of finished
goods cost fell from 1.76% to 1.31%.
Employee cost increased from 4.16% to 4.40%. Other expenses rose from 11.75% to
12.92%. Power and Oil fuel cost rose
from 3.11% to 3.25%.
Other
income rose 129.89% to Rs 12.69 crore.
PBIDT rose 141.68% to Rs 368.92 crore.
Provision for interest rose 29.17% to Rs 1.55 crore.
PBDT
rose 142.57% to Rs 367.37 crore.
Provision for depreciation rose 10.90% to Rs 71.92 crore.
Profit
before tax grew 241.17% to Rs 295.45 crore.
Share of profit/loss was 29.47% higher at Rs 24.03 crore. Provision for tax was expense of Rs 76.29
crore, compared to Rs 23.14 crore.
Effective tax rate was 23.88% compared to 22.00%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company increased 196.50% to Rs
243.19 crore.
Equity
capital stood at Rs 25.41 crore as of 30 September 2023 to Rs 25.41 crore as of
30 September 2022. Per share face Value
remained same at Rs 2.00.
Promoters’
stake was 48.85% as of 30 September 2023 ,compared to 48.85% as of 30 September
2022 .
For year-to-date (YTD)
results analysis
Net
sales (including other operating income) of Supreme Industries has increased
8.96% to Rs 4677.27 crore. Sales of
Plastics Piping Products segment has gone up 13.68% to Rs 3,135.39 crore
(accounting for 67.03% of total sales).
Sales of Industrial Products segment has gone down 2.01% to Rs 624.31
crore (accounting for 13.35% of total sales).
Sales of Packing Products segment rose 3.23% to Rs 675.31 crore
(accounting for 14.44% of total sales).
Sales of Consumer Products segment has gone up 1.29% to Rs 210.36 crore
(accounting for 4.50% of total sales).
Sales of Others segment has gone down 10.34% to Rs 31.90 crore
(accounting for 0.68% of total sales).
Profit
before interest, tax and other unallocable items (PBIT) has jumped 81.53% to Rs
547.18 crore. PBIT of Plastics Piping
Products segment rose 120.27% to Rs 394.68 crore (accounting for 72.13% of
total PBIT). PBIT of Industrial Products
segment fell 20.33% to Rs 44.12 crore (accounting for 8.06% of total
PBIT). PBIT of Packing Products segment
rose 66.38% to Rs 73.34 crore (accounting for 13.40% of total PBIT). PBIT of Consumer Products segment rose 32.87%
to Rs 35.25 crore (accounting for 6.44% of total PBIT). PBIT of Others segment rose 94.39% to Rs
-0.21 crore (accounting for -0.04% of total PBIT).
PBIT
margin of Plastics Piping Products segment rose from 6.50% to 12.59%. PBIT margin of Industrial Products segment
fell from 8.69% to 7.07%. PBIT margin of
Packing Products segment rose from 6.74% to 10.86%. PBIT margin of Consumer Products segment rose
from 12.77% to 16.76%. PBIT margin of
Others segment rose from negative 10.51% to negative 0.66%. Overall PBIT margin rose from 7.02% to
11.70%.
Operating
profit margin has jumped from 9.69% to 14.49%, leading to 62.92% rise in
operating profit to Rs 677.82 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
73.50% to 68.01%. Purchase of finished
goods cost fell from 1.63% to 1.29%.
Employee cost increased from 4.17% to 4.32%. Other expenses rose from 11.01% to
12.37%. Power and Oil fuel cost rose
from 2.85% to 3.25%.
Other
income rose 167.03% to Rs 26.89 crore.
PBIDT rose 65.38% to Rs 704.71 crore. Provision for interest rose 14.49% to Rs 3.24
crore. Loan funds rose to Rs 43.74 crore
as of 30 September 2023 from Rs 42.05 crore as of 30 September 2022. Inventories rose to Rs 1,450.43 crore as of
30 September 2023 from Rs 1,246.85 crore as of 30 September 2022. Sundry debtors were higher at Rs 531.00 crore
as of 30 September 2023 compared to Rs 410.04 crore as of 30 September
2022. Cash and bank balance rose to Rs
590.92 crore as of 30 September 2023 from Rs 500.82 crore as of 30 September
2022. Investments rose to Rs 584.37
crore as of 30 September 2023 from Rs 513.06 crore as of 30 September 2022
.
PBDT
rose 65.72% to Rs 701.47 crore.
Provision for depreciation rose 13.78% to Rs 143.97 crore. Fixed assets increased to Rs 2,174.79 crore
as of 30 September 2023 from Rs 2,009.36 crore as of 30 September 2022. Intangible assets declined from Rs 5.67 crore
to Rs 3.50 crore.
Profit
before tax grew 87.87% to Rs 557.50 crore.
Share of profit/loss was 40.77% lower at Rs 45.35 crore. Provision for tax was expense of Rs 144.12
crore, compared to Rs 77.44 crore.
Effective tax rate was 23.91% compared to 20.74%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company increased 55.04% to Rs
458.73 crore.
Equity
capital stood at Rs 25.41 crore as of 30 September 2023 to Rs 25.41 crore as of
30 September 2022. Per share face Value
remained same at Rs 2.00.
Promoters’
stake was 48.85% as of 30 September 2023 ,compared to 48.85% as of 30 September
2022 .
The
stock trades at Rs 4511.
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Supreme
Industries: Consolidated Result
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Particulars
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2309 (03)
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2209 (03)
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Var. (%)
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2309 (06)
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2209 (06)
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Var. (%)
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2303 (12)
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2203 (12)
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Var. (%)
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Sales
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2308.69
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2086.60
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11
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4677.27
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4292.58
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9
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9201.59
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7772.82
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18
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OPM (%)
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15.4
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7.1
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14.5
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9.7
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13.0
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16.0
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OP
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356.23
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147.13
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142
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677.82
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416.04
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63
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1199.68
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1242.11
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-3
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Profit from construction
business
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0.0
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0.0
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0.0
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0.0
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0.0
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0.0
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OP including construction
business
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356.23
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147.13
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142
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677.82
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416.04
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63
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1199.68
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1242.11
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-3
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Other inc.
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12.69
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5.52
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130
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26.89
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10.07
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167
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29.77
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19.95
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49
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PBIDT
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368.92
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152.65
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142
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704.71
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426.11
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65
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1229.45
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1262.06
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-3
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Interest
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1.55
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1.20
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29
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3.24
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2.83
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14
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8.02
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5.15
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56
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PBDT
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367.37
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151.45
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143
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701.47
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423.28
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66
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1221.43
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1256.91
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-3
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Dep.
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71.92
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64.85
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11
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143.97
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126.53
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14
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263.39
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229.52
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15
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PBT before Share of
profit of Associates
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295.45
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86.60
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241
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557.50
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296.75
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88
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958.04
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1027.39
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-7
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Share of profit of
Associates
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24.03
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18.56
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29
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45.35
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76.56
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-41
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153.25
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204.39
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-25
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PBT before EO
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319.48
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105.16
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204
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602.85
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373.31
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61
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1111.29
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1231.78
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-10
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EO
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0.00
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0.00
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0.00
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0.00
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0.00
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0.00
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PBT after EO
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319.48
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105.16
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204
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602.85
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373.31
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61
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1111.29
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1231.78
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-10
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Total Tax
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76.29
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23.14
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230
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144.12
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77.44
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86
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245.96
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263.33
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-7
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PAT
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243.19
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82.02
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197
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458.73
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295.87
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55
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865.33
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968.45
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-11
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EPS (Rs) *
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#
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#
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#
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#
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68.1
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76.2
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* Annualised on
current equity of Rs 25.41 crore. Face Value: Rs 2 each
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# EPS not
annualised due to seasonality of business
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EO: Extra
Ordinary items, EPS is calculated after excluding EO and relevant tax
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Figures in Rs
crore, Var (%) exceeding 999 is restricted to 999
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Source:
Capitaline Database
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Supreme Industries : Consolidated
Segment Results
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% of (Total)
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2309 (03)
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2209 (03)
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Var.(%)
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% of (Total)
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2309 (06)
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2209 (06)
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Var.(%)
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% of (Total)
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2303 (12)
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2203 (12)
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Var.(%)
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Sales
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Plastics Piping Products
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65
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1,509.28
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1,294.71
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17
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67
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3,135.39
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2,758.05
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14
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66
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6,037.53
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5,045.99
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20
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Industrial Products
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14
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325.81
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334.86
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-3
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13
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624.31
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637.12
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-2
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15
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1,341.63
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1,023.67
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31
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Packing Products
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15
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352.21
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327.82
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7
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14
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675.31
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654.15
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3
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14
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1,319.13
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1,210.11
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9
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Consumer Products
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5
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105.44
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111.91
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-6
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5
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210.36
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207.68
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1
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5
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444.6
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405.09
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10
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Others
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1
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15.95
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17.3
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-8
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1
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31.9
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35.58
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-10
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1
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58.7
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87.96
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-33
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Total Reported Sales
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100
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2,308.69
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2,086.60
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11
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100
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4,677.27
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4,292.58
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9
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100
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9,201.59
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7,772.82
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18
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PBIT
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Plastics Piping Products
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69
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200.57
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24.77
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710
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72
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394.68
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179.18
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120
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71
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679.27
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783.88
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-13
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Industrial Products
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9
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25.24
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29.83
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-15
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8
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44.12
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55.38
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-20
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13
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123.92
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85.26
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45
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Packing Products
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16
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47.82
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21.31
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124
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13
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73.34
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44.08
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66
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10
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91.53
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100.91
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-9
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Consumer Products
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6
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17.52
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15.52
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13
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6
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35.25
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26.53
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33
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7
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67.82
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54.07
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25
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Others
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0
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-0.26
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-3.2
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92
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0
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-0.21
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-3.74
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94
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0
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-2.69
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8.45
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PL
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Total PBIT
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100
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290.89
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88.23
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230
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100
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547.18
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301.43
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82
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100
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959.85
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1,032.57
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-7
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Less : Interest
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1.55
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1.2
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29
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3.24
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2.83
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14
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8.02
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5.15
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56
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Add: Other un-allcoable
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30.14
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18.13
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66
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58.91
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74.71
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-21
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159.46
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204.36
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-22
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PBT
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319.48
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105.16
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204
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602.85
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373.31
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61
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1,111.29
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1,231.78
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-10
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