Supreme Petrochem Ltd

Supreme Petrochem Ltd

₹ 641 1.15%
19 Apr - close price
About

Supreme Petrochem Ltd (SPL) is a petrochemical company engaged in the business of manufacturing Polystyrene, Compounds of Styrenics and other Polymers. [1]

Key Points

Promoter Lineage[1]
The company has strong promoter lineage of Raheja’s (Exide, Prism Johnson, Sonata
Software) and Taparia’s (Supreme Industries). SPL was formed as a JV between them.

  • Market Cap 12,049 Cr.
  • Current Price 641
  • High / Low 783 / 353
  • Stock P/E 32.2
  • Book Value 98.9
  • Dividend Yield 1.40 %
  • ROCE 37.4 %
  • ROE 28.1 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 32.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.6%
  • Company has been maintaining a healthy dividend payout of 32.2%
  • Debtor days have improved from 33.0 to 25.0 days.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
930 1,269 1,048 1,191 1,296 1,498 1,485 1,235 1,180 1,387 1,225 1,278 1,188
690 953 850 1,015 1,072 1,190 1,234 1,156 1,061 1,178 1,135 1,171 1,093
Operating Profit 239 316 197 176 224 307 252 79 119 209 90 106 95
OPM % 26% 25% 19% 15% 17% 21% 17% 6% 10% 15% 7% 8% 8%
6 6 8 5 8 9 12 12 14 21 18 16 16
Interest 2 2 1 2 1 1 1 1 1 1 1 2 3
Depreciation 10 10 10 11 11 10 11 11 11 14 14 14 15
Profit before tax 233 311 194 168 221 305 252 78 121 216 94 106 92
Tax % 26% 26% 25% 24% 25% 26% 25% 24% 26% 26% 26% 26% 27%
172 232 146 127 165 225 189 60 90 160 69 78 68
EPS in Rs 9.13 12.32 7.78 6.76 8.75 11.99 10.06 3.18 4.78 8.50 3.68 4.15 3.60
Raw PDF
Upcoming result date: 24 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,273 2,967 3,264 2,653 2,068 2,919 3,027 3,194 2,724 3,185 5,032 5,287 5,077
2,176 2,810 3,175 2,559 1,964 2,621 2,830 3,100 2,576 2,510 4,126 4,626 4,577
Operating Profit 96 157 90 93 104 297 196 93 148 675 907 661 500
OPM % 4% 5% 3% 4% 5% 10% 6% 3% 5% 21% 18% 12% 10%
4 4 6 3 3 7 8 10 12 16 30 59 70
Interest 32 24 23 17 5 5 5 4 6 8 7 6 6
Depreciation 23 28 29 24 17 22 21 23 36 39 42 47 57
Profit before tax 46 110 44 56 85 278 179 76 118 644 888 667 507
Tax % 31% 34% 31% 37% 33% 35% 35% 35% 13% 26% 25% 25%
31 73 31 36 57 179 116 49 103 477 663 498 375
EPS in Rs 1.62 3.76 1.58 1.85 2.96 9.30 6.02 2.55 5.32 25.40 35.28 26.49 19.93
Dividend Payout % 43% 33% 47% 41% 51% 24% 37% 59% 52% 30% 26% 42%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 25%
TTM: -6%
Compounded Profit Growth
10 Years: 30%
5 Years: 32%
3 Years: 67%
TTM: -34%
Stock Price CAGR
10 Years: 35%
5 Years: 42%
3 Years: 26%
1 Year: 72%
Return on Equity
10 Years: 30%
5 Years: 34%
3 Years: 42%
Last Year: 28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 97 97 96 96 96 96 96 96 96 94 38 38 38
Reserves 211 256 268 280 318 486 549 546 577 971 1,478 1,806 1,822
142 75 32 -0 -0 -0 -0 -0 29 41 37 17 79
594 601 587 505 523 548 650 578 552 649 725 870 730
Total Liabilities 1,045 1,028 984 881 938 1,130 1,296 1,221 1,255 1,755 2,278 2,731 2,669
345 366 371 345 333 337 333 331 371 359 337 527 713
CWIP 56 31 4 4 10 13 10 24 8 9 179 108 147
Investments -0 -0 -0 -0 -0 -0 111 251 135 470 484 563 447
644 631 608 532 595 780 842 615 741 917 1,279 1,534 1,362
Total Assets 1,045 1,028 984 881 938 1,130 1,296 1,221 1,255 1,755 2,278 2,731 2,669

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
166 120 95 80 84 69 213 133 119 435 671 324
-84 -22 -3 -5 -5 -25 -15 -27 -7 -64 -140 -149
-87 -107 -96 -66 -40 -16 -57 -56 -90 -104 -177 -194
Net Cash Flow -5 -9 -5 9 39 27 141 50 22 266 354 -19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 39 40 38 33 50 38 36 33 33 44 30 25
Inventory Days 48 31 22 29 37 46 44 31 40 51 29 55
Days Payable 91 68 60 61 83 65 80 60 74 90 50 66
Cash Conversion Cycle -4 2 -0 1 3 19 -0 3 -0 4 8 14
Working Capital Days -1 -0 1 3 8 22 12 5 6 21 9 20
ROCE % 18% 31% 16% 19% 22% 57% 30% 12% 18% 72% 66% 37%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.96% 63.96% 63.96% 64.07% 64.14% 64.14% 64.24% 64.24% 64.24% 64.24% 64.24% 64.24%
1.72% 1.89% 2.07% 2.05% 2.13% 2.20% 2.14% 2.12% 2.00% 1.99% 2.46% 2.92%
2.15% 2.15% 1.83% 2.14% 2.18% 2.26% 2.31% 2.33% 2.33% 2.80% 2.62% 2.61%
0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
32.17% 32.01% 32.14% 31.74% 31.55% 31.31% 31.21% 31.22% 31.35% 30.86% 30.59% 30.15%
No. of Shareholders 56,76253,40852,67350,96249,36349,97749,06749,56349,46448,37048,83046,831

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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