Supreme Industries Experiences Revision in Its Stock Evaluation Amid Market Dynamics

Supreme Industries, a prominent name in the plastic products sector, has recently undergone an adjustment in its evaluation by MarketsMOJO. This revision reflects the company's strong long-term fundamentals, characterized by an impressive average Return on Equity (ROE) of 23.02% and a remarkably low Debt to Equity ratio of 0.03 times.
The stock currently finds itself in a mildly bullish range, supported by positive trends in key technical indicators such as the Relative Strength Index (RSI), Bollinger Bands, and On-Balance Volume (OBV). Institutional investors have shown confidence in Supreme Industries, with holdings amounting to 36.54%, suggesting a solid backing from entities known for their analytical prowess.

With a market capitalization of Rs 64,829 crore, Supreme Industries stands as the largest player in its sector, commanding a significant 28.70% share of the industry. The company reported annual sales of Rs 10,366.29 crore, which constitutes 17.14% of the sector's total sales.

Despite facing challenges in September 2024, where it reported a decline in profits after a streak of four consecutive positive quarters, the company remains resilient. The Profit After Tax (PAT) saw a decrease of 15% to Rs 206.60 crore, with net sales dipping to Rs 2,272.95 crore. Nevertheless, the stock has managed to deliver a commendable return of 13.26% over the past year.

In light of these developments, Supreme Industries has been added to MarketsMOJO's list, reflecting its ongoing potential and the confidence of analysts in its future performance.