ICICI Securities: Supreme Industries Moving From Strength To Strength 

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ICICI Securities Report

We expect Supreme Industries Ltd. to gain considerable traction in revenues/earnings in the near to medium term driven by 1) impressive volume traction in:

• plastic piping segment on the back of likely accelerated PVC/CPVC pipe industry consolidation post Covid-19 and expected decentralisation of the company’s manufacturing footprint, and
• packaging product segment driven by easing competitive intensity in Silapaulin division in particular; and

2) scaling up of Ebitda margins led by superior product mix, intensified focus on the value added products portfolio, cost rationalisation and operating leverage.

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