SUPREME INDUSTIES LTD:
Supreme Industries Ltd is an Plastic Processing Industry Founded in 1942 and its Head Quarters in Mumbai. The Company manufacture Industrial and engineering moulded products, storage and material handling crates, multilayer sheets, multilayer films, packaging films, expanded polyethylene foam, PVC pipes and fittings, moulded furniture, sataranj mats, disposable EPS containers.
During recent precedent the company is increasing its focus on value added products like cross laminated films, protective packaging products, CPVC pipes and premium moulded furniture. By end of March 2013, company is going to launch its new products in market like Hitech Swr system, Bathroom fittings and Composite LPG cylinders. These innovative products would help them to capture more business opportunity and higher abundance in near expectations.
The production of cross laminated films with capacity of 4000 tones has already begun after completion of 1st phase of expansion in Halol, Panchamahal Disrtict in Gujarat State. Supplementary expansion by end of Mar 2013 will increase its capacity to 12000 tonnes. Correspondingly plastic piping system with capacity of 50000 tonnes in Malanpur, Bhind District of Madhya Pradesh is expected to be operational by end of March. Supreme Industries is building up raw materials inventory to avoid procuring raw materials at higher rates.
The Company has reported a sales turnover of Rs 814.28 cr and net profit of Rs 62.17 cr for quarter ended Dec 12. We bet the Grab the Share at 320 for Target 380 in time period of 9-12 Months Key Support is at 290.