Supreme Petrochem Ltd, founded in 1989 and headquartered in Mumbai, Maharashtra, is a leading manufacturer and exporter of styrenics in India. Jointly promoted by The Supreme Industries Ltd and the Rajan Raheja Group, the company operates India’s only international-scale styrenics complex in Nagothane, Maharashtra, comprising facilities for Polystyrene (PS), Expandable Polystyrene (EPS), Compounds, and Extruded Polystyrene (XPS) insulation boards. With an installed capacity of 300,000 TPA for PS and 118,000 TPA for EPS, it is the largest producer of these materials in India. Supreme Petrochem also manufactures high-quality polymer compounds and masterbatches, catering to diverse industrial needs. Known for its focus on innovation and sustainability, the company exports to over 93 countries, solidifying its position as a global leader in the styrenics market.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 64.24% | 64.24% | 64.24% | 64.24% | 64.24% |
| FIIs + | 1.99% | 2.46% | 2.92% | 3.03% | 3.37% |
| DIIs + | 2.80% | 2.62% | 2.61% | 2.66% | 2.81% |
| Government + | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% |
| Public + | 30.86% | 30.59% | 30.15% | 29.98% | 29.49% |
| No. of Shareholders | 48,370 | 48,830 | 46,831 | 47,917 | 48,193 |
The shareholding pattern of Supreme Petrochem reflects stability and gradual shifts among investor categories over time. As of September 2023 through September 2024, the promoters consistently maintained a dominant stake at 64.24%. Foreign Institutional Investors (FIIs) showed a steady increase in their holdings, rising from 1.99% in September 2023 to 3.37% by September 2024, indicating growing international interest. Domestic Institutional Investors (DIIs) maintained a relatively stable presence, with their stake fluctuating slightly between 2.61% and 2.81%. The government’s holding remained constant at 0.09%, highlighting minimal state involvement. Public shareholding gradually declined from 30.86% in September 2023 to 29.49% by September 2024, reflecting a shift toward institutional ownership. The number of shareholders showed minor variations, ranging between 46,831 and 48,830, demonstrating consistent investor engagement in Supreme Petrochem over this period.
Below are the trading platforms that you can use to purchase Supreme Petrochem shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 736.05 | 640.05 |
| December 2024 | 743.41 | 646.45 |
As we move toward the end of 2024, Supreme Petrochem is expected to show promising price movements. In November 2024, the maximum price of Supreme Petrochem is projected to reach ₹736.05, while the minimum price could be around ₹640.05. As we approach December 2024, the price is anticipated to further rise, with a maximum of ₹743.41 and a minimum of ₹646.45.
| When | Maximum Price | Minimum Price |
| January 2025 | 750.85 | 577.58 |
| February 2025 | 758.43 | 583.41 |
| March 2025 | 774.36 | 595.66 |
| April 2025 | 766.69 | 589.76 |
| May 2025 | 744.36 | 572.59 |
| June 2025 | 777.86 | 598.35 |
| July 2025 | 762.61 | 586.62 |
| August 2025 | 786.19 | 604.76 |
| September 2025 | 795.63 | 612.02 |
| October 2025 | 816.31 | 627.93 |
| November 2025 | 836.72 | 643.63 |
| December 2025 | 874.37 | 672.59 |
As we step into 2025, Supreme Petrochem is projected to show steady growth. In January, prices could range from ₹577.58 to ₹750.85, gradually increasing through the months. By mid-year, June may see a maximum of ₹777.86 and a minimum of ₹598.35. Entering the latter half, the stock might reach ₹795.63 in September and ₹816.31 in October. As we step into the year’s end, November could see prices between ₹643.63 and ₹836.72, while December may close strong with a maximum of ₹874.37 and a minimum of ₹672.59.
| When | Maximum Price | Minimum Price |
| January 2026 | 900.60 | 692.77 |
| February 2026 | 878.09 | 675.45 |
| March 2026 | 895.65 | 688.96 |
| April 2026 | 913.93 | 703.02 |
| May 2026 | 904.88 | 696.06 |
| June 2026 | 927.50 | 713.46 |
| July 2026 | 909.32 | 699.47 |
| August 2026 | 937.44 | 721.11 |
| September 2026 | 956.19 | 735.53 |
| October 2026 | 981.05 | 754.65 |
| November 2026 | 1,005.58 | 773.52 |
| December 2026 | 1,030.71 | 792.86 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,041.02 | 800.79 |
| February 2027 | 1,067.71 | 821.32 |
| March 2027 | 1,109.36 | 853.35 |
| April 2027 | 1,087.60 | 836.62 |
| May 2027 | 1,055.93 | 812.25 |
| June 2027 | 1,103.44 | 848.80 |
| July 2027 | 1,081.81 | 832.16 |
| August 2027 | 1,115.26 | 857.90 |
| September 2027 | 1,154.30 | 887.92 |
| October 2027 | 1,184.31 | 911.01 |
| November 2027 | 1,213.92 | 933.78 |
| December 2027 | 1,244.27 | 957.13 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,269.15 | 976.27 |
| February 2028 | 1,301.69 | 1,001.30 |
| March 2028 | 1,352.46 | 1,040.35 |
| April 2028 | 1,325.94 | 1,019.95 |
| May 2028 | 1,287.32 | 990.25 |
| June 2028 | 1,345.25 | 1,034.81 |
| July 2028 | 1,318.87 | 1,014.52 |
| August 2028 | 1,359.66 | 1,045.89 |
| September 2028 | 1,407.25 | 1,082.50 |
| October 2028 | 1,443.84 | 1,110.65 |
| November 2028 | 1,479.94 | 1,138.41 |
| December 2028 | 1,516.93 | 1,166.87 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,547.27 | 1,190.21 |
| February 2029 | 1,586.95 | 1,220.73 |
| March 2029 | 1,648.84 | 1,268.34 |
| April 2029 | 1,616.51 | 1,243.47 |
| May 2029 | 1,569.42 | 1,207.25 |
| June 2029 | 1,640.05 | 1,261.58 |
| July 2029 | 1,607.89 | 1,236.84 |
| August 2029 | 1,657.62 | 1,275.09 |
| September 2029 | 1,715.64 | 1,319.72 |
| October 2029 | 1,760.24 | 1,354.03 |
| November 2029 | 1,804.25 | 1,387.88 |
| December 2029 | 1,849.36 | 1,422.58 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,886.34 | 1,451.03 |
| February 2030 | 1,934.71 | 1,488.24 |
| March 2030 | 2,010.16 | 1,546.28 |
| April 2030 | 1,970.75 | 1,515.96 |
| May 2030 | 1,913.35 | 1,471.81 |
| June 2030 | 1,999.45 | 1,538.04 |
| July 2030 | 1,960.24 | 1,507.88 |
| August 2030 | 2,020.87 | 1,554.52 |
| September 2030 | 2,091.60 | 1,608.92 |
| October 2030 | 2,145.98 | 1,650.76 |
| November 2030 | 2,199.63 | 1,692.02 |
| December 2030 | 2,254.62 | 1,734.33 |
As we look toward 2030, Supreme Petrochem is expected to showcase significant price growth throughout the year. Starting in January, the stock may range between ₹1,451.03 and ₹1,886.34, gradually climbing each month. February could see prices between ₹1,488.24 and ₹1,934.71, while March might witness a peak of ₹2,010.16 and a low of ₹1,546.28. By mid-year, June could reach a maximum of ₹1,999.45 and a minimum of ₹1,538.04. Moving into the latter months, September may touch ₹2,091.60 and ₹1,608.92, with October potentially hitting ₹2,145.98 at the high and ₹1,650.76 at the low. As we close the year, November might range from ₹1,692.02 to ₹2,199.63, and December could achieve a strong finish, with prices anticipated between ₹1,734.33 and ₹2,254.62.
Supreme Petrochem Financials
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,724 | 3,185 | 5,032 | 5,287 | 5,253 | 5,830 |
| Expenses + | 2,576 | 2,510 | 4,126 | 4,626 | 4,780 | 5,273 |
| Operating Profit | 148 | 675 | 907 | 661 | 473 | 556 |
| OPM % | 5% | 21% | 18% | 12% | 9% | 10% |
| Other Income + | 12 | 16 | 30 | 59 | 65 | 74 |
| Interest | 6 | 8 | 7 | 6 | 10 | 11 |
| Depreciation | 36 | 39 | 42 | 47 | 59 | 64 |
| Profit before tax | 118 | 644 | 888 | 667 | 468 | 555 |
| Tax % | 13% | 26% | 25% | 25% | 26% | |
| Net Profit + | 103 | 477 | 663 | 498 | 346 | 411 |
| EPS in Rs | 5.32 | 25.4 | 35.28 | 26.49 | 18.43 | 21.88 |
| Dividend Payout % | 52% | 30% | 26% | 42% | 49% |
Supreme Petrochem has demonstrated a dynamic financial performance over the years, marked by significant growth and shifts in key metrics. From March 2020 to March 2024, sales steadily increased from ₹2,724 crore to ₹5,253 crore, with a trailing twelve-month (TTM) figure of ₹5,830 crore, showcasing robust operational expansion. Expenses also grew in tandem, reaching ₹5,273 crore (TTM) from ₹2,576 crore in March 2020, reflecting the scaling of operations.
Operating profit saw fluctuations, peaking at ₹907 crore in March 2022, supported by a strong Operating Profit Margin (OPM) of 18%, though this declined to ₹473 crore by March 2024 with an OPM of 9%, indicating margin pressures. Other income consistently improved, reaching ₹74 crore (TTM), while interest and depreciation costs remained stable, with manageable increments.
Profit before tax followed a similar trend, peaking at ₹888 crore in March 2022 before softening to ₹468 crore in March 2024, attributed to rising costs. The tax rate held steady at around 25-26%, and net profit stood at ₹346 crore in March 2024, down from a high of ₹663 crore in March 2022. Earnings per share (EPS) mirrored net profit trends, declining from ₹35.28 in March 2022 to ₹18.43 in March 2024, while the dividend payout ratio increased to 49%, reflecting a shareholder-centric approach.
FAQs
The current share price of Supreme Petrochem stands at ₹689 as of 16th November 2024.
The projected share price target for Supreme Petrochem during 2024-2030, based on market analysis and expert opinions, is estimated to range between ₹572.59 and ₹2,254.62.
The share price of Supreme Petrochem can be influenced by various factors such as the company’s financial performance, market competition, government policies, global economic conditions, and consumer demand.
Is Supreme Petrochem a good stock to buy?
With a Strong presence across multiple sectors and a consistent track record of financial growth, Supreme Petrochem is regarded as an attractive long-term investment option, acknowledging the inherent risks associated with any stock.
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Conclusion
In conclusion, Supreme Petrochem Ltd has experienced consistent growth in sales, with a significant increase in revenue from ₹2,724 crore in March 2020 to ₹5,253 crore in March 2024. Despite fluctuations in operating profit and operating profit margins (OPM), the company has managed to maintain profitability, with net profit standing at ₹346 crore in March 2024. The company’s efforts in expanding its product offerings and international reach have strengthened its market position. Looking ahead, Supreme Petrochem is expected to show steady growth in its stock price, with projections for 2024 through 2030 showing substantial upward movement. The shareholding pattern indicates a gradual shift towards institutional ownership, which further supports its growth prospects.
What did we learn?
- 1 Shareholdings Patterns of Supreme Petrochem
- 2 How to purchase Supreme Petrochem Shares?
- 3 Supreme Petrochem Share Price Target: 2024 – 2030
- 3.1 Supreme Petrochem Share Price Target 2024
- 3.2 Supreme Petrochem Share Price Target 2025
- 3.3 Supreme Petrochem Share Price Target 2026
- 3.4 Supreme Petrochem Share Price Target 2027
- 3.5 Supreme Petrochem Share Price Prediction 2028
- 3.6 Supreme Petrochem Share Price Target 2029
- 3.7 Supreme Petrochem Share Price Prediction 2030
- 4 Supreme Petrochem Financials
- 5 FAQs
- 6 Conclusion
