Supreme Petrochem Ltd

₹ 718 3.00%
Jan 27 11:50 a.m.
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

Product Range
The product range of the company includes General Purpose Polystyrene, High Impact Polystyrene, Masterbatches and Compounds, Styrene Methyl Methacrylate, Expandable Polystyrene and General Purpose Polystyrene. [1]

  • Market Cap 6,755 Cr.
  • Current Price 718
  • High / Low 820 / 348
  • Stock P/E 10.1
  • Book Value 130
  • Dividend Yield 2.10 %
  • ROCE 71.9 %
  • 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 52.93% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.92%
  • Company has been maintaining a healthy dividend payout of 46.68%

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.

* 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

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
822 771 669 622 663 292 694 930 1,269 1,048 1,191 1,296
757 703 639 610 624 295 578 690 953 850 1,015 1,072
Operating Profit 65 68 30 12 39 -3 116 239 316 197 176 224
OPM % 8% 9% 4% 2% 6% -1% 17% 26% 25% 19% 15% 17%
Other Income 2 4 3 2 2 2 7 6 6 8 5 8
Interest 1 1 1 2 2 2 1 2 2 1 2 1
Depreciation 6 8 9 9 9 9 10 10 10 10 11 11
Profit before tax 61 62 22 3 31 -13 112 233 311 194 168 221
Tax % 36% 34% -62% 22% 23% 6% 23% 26% 26% 25% 24% 25%
Net Profit 39 41 36 2 24 -12 86 172 232 146 127 165
EPS in Rs 4.04 4.25 3.74 0.21 2.44 -1.26 9.16 18.25 24.64 15.56 13.52 17.50

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 TTM
1,612 1,944 2,273 2,967 3,264 2,653 2,068 2,919 3,027 3,194 2,724 3,185 4,804
1,488 1,783 2,176 2,810 3,175 2,559 1,964 2,621 2,830 3,100 2,576 2,511 3,890
Operating Profit 124 160 96 157 90 93 104 297 196 93 148 674 914
OPM % 8% 8% 4% 5% 3% 4% 5% 10% 6% 3% 5% 21% 19%
Other Income 4 9 4 4 6 3 3 7 8 10 12 16 28
Interest 18 20 32 24 23 17 5 5 5 4 6 7 6
Depreciation 20 20 23 28 29 24 17 22 21 23 36 39 42
Profit before tax 90 129 46 110 44 56 85 278 179 76 118 644 894
Tax % 33% 32% 31% 34% 31% 37% 33% 35% 35% 35% 13% 26%
Net Profit 61 88 31 73 31 36 57 179 116 49 103 477 670
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 71.22
Dividend Payout % 29% 31% 43% 33% 47% 41% 51% 24% 37% 59% 52% 30%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 2%
TTM: 86%
Compounded Profit Growth
10 Years: 23%
5 Years: 53%
3 Years: 60%
TTM: 149%
Stock Price CAGR
10 Years: 31%
5 Years: 23%
3 Years: 56%
1 Year: 86%
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 Sep 2021
97 97 97 97 96 96 96 96 96 96 96 94 94
Reserves 140 196 211 256 268 280 318 486 549 546 577 971 1,127
Borrowings 155 158 142 75 32 0 0 0 0 0 29 41 39
394 539 594 601 587 505 523 548 650 578 552 649 715
Total Liabilities 785 990 1,045 1,028 984 881 938 1,130 1,296 1,221 1,255 1,755 1,975
256 238 345 366 371 345 333 337 333 331 371 359 346
CWIP 40 97 56 31 4 4 10 13 10 24 8 9 39
Investments 0 0 0 0 0 0 0 0 111 251 135 470 685
488 655 644 631 608 532 595 780 842 615 741 917 906
Total Assets 785 990 1,045 1,028 984 881 938 1,130 1,296 1,221 1,255 1,755 1,975

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 69 213 133 119 435
-17 -89 -84 -22 -3 -5 -5 -25 -15 -27 -7 -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
Debtor Days 52 41 39 40 38 33 50 38 36 33 33 44
Inventory Days 37 58 48 31 22 29 37 46 44 31 40 51
Days Payable 14 7 5 3 60 61 83 65 80 60 74 90
Cash Conversion Cycle 76 92 81 68 -0 1 3 19 -0 3 -0 4
Working Capital Days 23 14 7 5 3 3 8 22 12 5 6 21
ROCE % 30% 35% 18% 31% 16% 19% 22% 57% 30% 12% 18% 72%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
62.31 62.31 62.31 62.31 62.31 63.89 63.96 63.96 63.96 63.96 63.96 63.96
0.76 0.76 0.76 0.73 0.73 0.75 0.74 0.91 1.24 1.72 1.89 2.07
2.18 2.23 2.13 2.08 2.03 2.22 2.02 2.02 2.10 2.15 2.15 1.83
34.75 34.70 34.79 34.87 34.93 33.15 33.29 33.11 32.70 32.17 32.01 32.14

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