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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2017-10-27||Supreme Petrochem Ltd.||KRChoksey||367.00||425.00||367.00 (-53.45%)||Buy|
Total revenue for Q2FY18 came in at INR 7074.58 Mn as against our estimates of INR 7747.12 Mn which grew by 12.85% YoY and by 0.13% QoQ. EBIDTA for Q2FY18 stood at INR 614.79 Mn as against our estimates of INR 635.9 mn showing a variation of 3.4% growing by 24.77% YoY and 230.54% QoQ. While EBITDA margins stood at 8.7% up by 83 bps YoY and by 606 bps QoQ mainly due to inventory gains. PAT for Q2FY18 stood at INR 366.78 Mn and PAT margin was at 5.18% in line with our estimations of 5.19% witnessing an...
|2017-07-26||Supreme Petrochem Ltd.||KRChoksey||359.00||425.00||359.00 (-52.41%)||Buy|
Supreme Petrochem Limited (SPL) is India's largest producer and global supplier of Polystyrene (PS) which accounts for ~96% of its total revenue. SPL possesses two state of the art production facilities at Amdoshi-Wangani, Maharashtra and Chennai, Tamil Nadu. Apart from the conventional polystyrene, SPL has shifted its focus to discrete innovative products entering into Expandable Polystrene (EPS), EPS 3D panel, Specialty Polymers and Compounds (SPC) and Extruded Polystrene (XPS) that find it's applications in variety of industries ranging from home and electrical appliances, construction, food and non-food packaging industry and so on. Further, we believe that with usage of products like EPS 3D panels and XPS boards being encouraged by the Government in...