Supreme Petrochem Ltd

About [ edit ]

Supreme Petrochem is engaged in the business of Styrenics and manufactures Polystyrene (PS), Expandable Polystyrene (EPS), Masterbatches and Compounds of Styrenics and other Polymers, Extruded Polystyrene Insulation Board (XPS) Styrene Methyl Methacrylate (SMMA) with manufacturing facilities at Amdoshi Dist Raigad, Maharashtra and Manali New Town, Chennai, Tamil Nadu. (Source : 202003 Annual Report Page No:74)

Key Points [ edit ]
  • Market Cap 6,533 Cr.
  • Current Price 695
  • High / Low 770 / 147
  • Stock P/E 13.7
  • Book Value 113
  • Dividend Yield 2.16 %
  • ROCE 72.0 %
  • ROE 54.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 52.97% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.95%
  • Company has been maintaining a healthy dividend payout of 45.04%

Cons

  • The company has delivered a poor sales growth of 9.02% over past five years.
  • Debtor days have increased from 36.57 to 43.93 days.

Peer comparison

Sector: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
837 763 772 822 771 669 622 663 292 694 930 1,269
803 746 795 757 703 639 610 624 295 578 690 953
Operating Profit 34 17 -23 65 68 30 12 39 -3 116 239 316
OPM % 4% 2% -3% 8% 9% 4% 2% 6% -1% 17% 26% 25%
Other Income 3 2 3 2 4 3 2 2 2 7 6 6
Interest 1 2 1 1 1 1 2 2 2 1 2 2
Depreciation 6 6 6 6 8 9 9 9 9 10 10 10
Profit before tax 30 12 -27 61 62 22 3 31 -13 112 233 311
Tax % 34% 35% 34% 36% 34% -62% 22% 23% 6% 23% 26% 26%
Net Profit 20 8 -18 39 41 36 2 24 -12 86 172 232
EPS in Rs 2.07 0.82 -1.82 4.04 4.25 3.74 0.21 2.44 -1.26 9.16 18.25 24.64

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,612 1,944 2,273 2,967 3,264 2,653 2,068 2,919 3,027 3,194 2,724 3,185
1,488 1,783 2,176 2,810 3,175 2,559 1,964 2,621 2,830 3,100 2,576 2,516
Operating Profit 124 160 96 157 90 93 104 297 196 93 148 669
OPM % 8% 8% 4% 5% 3% 4% 5% 10% 6% 3% 5% 21%
Other Income 4 9 4 4 6 3 3 7 8 10 12 21
Interest 18 20 32 24 23 17 5 5 5 4 6 7
Depreciation 20 20 23 28 29 24 17 22 21 23 36 39
Profit before tax 90 129 46 110 44 56 85 278 179 76 118 644
Tax % 33% 32% 31% 34% 31% 37% 33% 35% 35% 35% 13% 26%
Net Profit 61 88 31 73 31 36 57 179 116 49 103 477
EPS in Rs 6.26 9.06 3.24 7.52 3.17 3.70 5.91 18.59 12.03 5.10 10.64 50.79
Dividend Payout % 29% 31% 43% 33% 47% 41% 51% 24% 37% 59% 52% 25%
Compounded Sales Growth
10 Years:7%
5 Years:9%
3 Years:2%
TTM:17%
Compounded Profit Growth
10 Years:23%
5 Years:53%
3 Years:60%
TTM:368%
Stock Price CAGR
10 Years:28%
5 Years:33%
3 Years:31%
1 Year:366%
Return on Equity
10 Years:24%
5 Years:28%
3 Years:29%
Last Year:55%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
97 97 97 97 96 96 96 96 96 96 96 94
Reserves 140 196 211 256 268 280 318 486 549 546 577 971
Borrowings 155 158 142 75 32 0 0 0 0 0 29 41
394 539 594 601 587 505 523 548 650 578 552 649
Total Liabilities 785 990 1,045 1,028 984 881 938 1,130 1,296 1,221 1,255 1,755
256 238 345 366 371 345 333 337 333 331 371 359
CWIP 40 97 56 31 4 4 10 13 10 24 8 9
Investments 0 0 0 0 0 0 0 0 111 251 135 470
488 655 644 631 608 532 595 780 842 615 741 917
Total Assets 785 990 1,045 1,028 984 881 938 1,130 1,296 1,221 1,255 1,755

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
45 121 166 120 95 80 84 69 213 133 120 435
-17 -89 -84 -22 -3 -5 -5 -25 -15 -27 -8 -64
-11 -26 -87 -107 -96 -66 -40 -16 -57 -56 -90 -104
Net Cash Flow 17 6 -5 -9 -5 9 39 27 141 50 22 266

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 30% 35% 18% 31% 16% 19% 22% 57% 30% 12% 18% 72%
Debtor Days 52 41 39 40 38 33 50 38 36 33 33 44
Inventory Turnover 11.46 8.29 7.85 11.02 15.15 13.02 10.20 10.06 8.60 10.49 9.55 7.96

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
62.31 62.31 62.31 62.31 62.31 62.31 62.31 62.31 63.89 63.96 63.96 63.96
0.75 0.72 0.75 0.76 0.76 0.76 0.73 0.73 0.75 0.74 0.91 1.24
2.16 2.16 2.10 2.18 2.23 2.13 2.08 2.03 2.22 2.02 2.02 2.10
34.78 34.81 34.83 34.75 34.70 34.79 34.87 34.93 33.15 33.29 33.11 32.70

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