Supreme Industries Q4 Review - Strong Beat Led By Inventory Gains: ICICI Securities

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May 04 2021, 3:17 PMMay 04 2021, 3:17 PMMay 04 2021, 3:17 PMMay 04 2021, 3:17 PM

BQ Blue’s peculiar probe conception collates prime and in-depth equity and system probe reports from crossed India’s apical brokerages, plus managers and probe agencies. These reports connection BloombergQuint’s subscribers an accidental to grow their knowing of companies, sectors and the economy.

Supreme Industries Ltd. reported an all-time precocious Ebitda borderline of 24.5% (our estimate: 18.2%), up 540 ground points/270 ground points year-on-year/quarter-on-quarter, mostly driven by crisp inventory gains (Rs 1 cardinal successful Q4 FY21 and Rs 2 cardinal successful FY21) connected the backmost of steep summation successful polyvinyl chloride prices.

However, integrative piping volumes, which declined 1.7% YoY (due to sustained weakness successful agriculture tube conception and determination lockdowns station March 20, 2021), were a cardinal disappointment.

Management guidance of 17% Ebitda borderline for FY22 (on the backmost of expanding premix of worth added products, outgo efficiencies and operating leverage) nevertheless came arsenic a affirmative surprise.

Click connected the attachment to work the afloat report:

ICICI Securities Supreme Ind Q4FY21 Results Update.pdf

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