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Supreme Industries Ltd.

BSE: 509930 Sector: Industrials
NSE: SUPREMEIND ISIN Code: INE195A01028
BSE 10:13 | 18 Feb 1015.20 -15.55
(-1.51%)
OPEN

1045.50

HIGH

1045.50

LOW

1015.20

NSE 10:04 | 18 Feb 1014.00 -20.50
(-1.98%)
OPEN

1035.05

HIGH

1035.05

LOW

1014.00

OPEN 1045.50
PREVIOUS CLOSE 1030.75
VOLUME 38
52-Week high 1434.00
52-Week low 935.85
P/E 27.69
Mkt Cap.(Rs cr) 12,898
Buy Price 1014.30
Buy Qty 3.00
Sell Price 1017.85
Sell Qty 7.00
OPEN 1045.50
CLOSE 1030.75
VOLUME 38
52-Week high 1434.00
52-Week low 935.85
P/E 27.69
Mkt Cap.(Rs cr) 12,898
Buy Price 1014.30
Buy Qty 3.00
Sell Price 1017.85
Sell Qty 7.00

Supreme Industries Ltd. (SUPREMEIND) - Company History

Incorporated in 1942 at Wadala Mumbai Supreme Industries (SIL) was promoted by the family of Kantilal K Mody. In 1996 the Taparia family took control of the company through outright purchase of shares. SIL has been consistently increasing its capacities in the plastics processing industry. Today it has one of the largest plastic processors in the country with a product range catering to both the industrial and consumer segment.Over the years it has gone into almost all segments of plastic products and put up plants at various locations in the country. The company's plastic piping system division manufactures uPVC Pipes Injection Moulded fittings Handmade fittings Polypropylene Random Co-polymer Pipes & Fittings HDPE Pipe Systems CPVC Pipes Systems Inspection Chambers Water Tanks Septic Tanks Toilets DWC HDPE PIPE System Bath Fittings and Solvents. The consumer products division manufactures furniture. The industrial products division manufactures industrial components and material handling products (Crates Pallets Bins & Dustbins). The packing products division manufactures Specialty Films Protective Packaging products Cross Laminated film products and Cross Line Bonded Film Products. The composite products division makes LPG cylinders. Supreme Industries has 25 plants situated across India with an asset base of over Rs 2500 crore. The company has a Pan India distribution network and reach. The company markets its product under the Supreme brand. Supreme Industries holds 29.99% stake in Supreme Petrochem Ltd. Supreme Petrochem manufactures Polystyrene Expanded Polystyrene (normal and food grade) Extruded Polystyrene Foam Speciality Polymers Compounds & Masterbatches Styrene Methyl Methacralate (SMMA). Supreme Industries came out with a rights issue in Jul.'93 to expand and upgrade its products and plant equipment. The company bought assets of Litelon Pvt. Ltd. in 1996 and Camphor Allied Products in 1998 that were manufacturers of protective packaging products. In 2000 it sold its wholly owned subsidiary Premier Lighting Industries. Supreme Oriented Films and Supreme Vinyl Films was amalgamated with the Supreme Industries Ltd with the prior approval from the shareholders. The move is to consolidate the group's plastic packaging business under one company and also to consolidate its marketing operations. Both the company shareholders were allotted shares in the ratio of 1:90 for SVFL and 1:22 for SOFL.Siltap Chemicals Ltd amalgamated with the company during the year 2002-03. The ratio is fixed at 1:2 in favour of Supreme industries. During the year under review Supreme Industries closed down its manufacturing operations at Puducherry Unit 1. In 2003-04 Supreme Industries set up Guwahati unit for manufacturing furniture and crates. During the year under review the company divested the business and assets of BOPP film division at Pitampur in Madhya Pradesh. In 2005-06 Supreme Industries set up a wholly owned subsidiary viz. Supreme Industries Overseas (FZE) at SAIF Zone in Sharjah to improve its share of exports of plastic piping system. During the year under review the company closed down furniture business at Kanpur unit and revamped it to produce PVC pipes. In 2006-07 Supreme Industries restructured and revamped the Khushkhera unit to manufacture industrial products. During the year under review the company divested its immovable properties at the Salt late unit in Calcutta. During the year under review the company closed down the business of Food Service -Ware division at Daman and divested its assets. During the year under review the company closed manufacturing operations of rigid PVC film at Malanpur in Madhya Pradesh and divested its manufacturing equipment. In 2007-08 Supreme Industries commenced commercial production at Gadegaon complex in Maharashtra set up on 132 acre of land to manufacture PVC HDPE CPVC PPR pipes handmade fittings furniture and crates. In 2008-09 Supreme Industries became the first Indian company to launch injection moulded pallets in the country. In 2009-10 Supreme Industries commenced commercial production at the Urse plant near Pune in Maharashtra for protective packaging products. During the year under review the company introduced gas injection moulded chairs for the first time in the country. In 2010-11 Supreme Industries set up state-of-the-art Knowledge Centre at Gadegaon in Maharashtra with an investment of over Rs 10 crore to impart training to plumping professionals. During the year under review the company set up two new units at Chennai and Noida for industrial products. In 2011-12 the company closed down the PP MAT division. In 2012-13 Supreme Industries set up a new unit at Hosur for protective packaging products and at Getmuvala in Gujarat for manufacturing cross laminated film products. During the year under review the company revamped the Malanpur II plant to manufacture plastic piping system and commenced production. In 2013-14 Supreme Industries installed facility to manufacture varieties of solvent at the Gadegaon plant in Maharashtra.In 2014-15 Supreme Industries acquired world-wide exclusive rights to manufacture and sell cross laminated film products from collaborator. During the year under review the company commenced commercial production of composite cylinder unit at Halol. During the year under review the company set up composite pipe plant at Halol. In 2015-16 Supreme Industries set up Roto- Moulding unit at Malanpur to manufacture water tanks septic tanks and other Roto- Moulded products. During the year under review the company set up another plastic product complex at Kharagpur in 59 acres of land to manufacture PVC HD PPR Pipes Roto- Moulded products protective packing products and blow moulded furniture. During the year under review the company abandoned the project of composite pipes for oil and gas exploration. In 2016-17 Supreme Industries commenced manufacture of Roto- Moulded products at Kanpur and blow moulded furniture at Kharagpur. In 2017-18 Supreme Industries was allotted 50 acres of land by state government of Telangana. During the year under review the company commenced project work at Ghiloth (Rajasthan) to manufacture industrial plastic components. Supreme Industries entered into a Joint Venture Agreement & Business Transfer Agreement on 4 April 2018 with Kumi Kasei Co.Ltd. Japan (Kumi) and formed a joint venture company named Kumi Supreme India Private Ltd. (KSIPL). The company shall hold 20.67% share capital of JVC. The joint venture would undertake the business of manufacture and sale of injection molded plastic components for automotive application at its manufacturing unit at Khushkhera in Rajasthan. The Auto Comp Business (part of Company's industrial Product Segment) of the designated unit is proposed to be transferred by the company as a going concern on a slump sale basis. The said unit is primarily engaged in the manufacturing of plastic components for automotive application and forms part of Industrial Product Segment of the company.