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Investing.com - Motilal Oswal Securities initiated coverage on Supreme Industries (NSE:SUPI) Ltd. (SI:IN) with a buy rating and a price target of INR5,400.00 on Thursday.
The research firm highlighted Supreme Industries’ position as a key player in India’s plastic industry, noting the company leverages decades of expertise across multiple product categories including pipes and fittings, bathware, industrial goods, consumer products, and advanced packaging solutions.
Motilal Oswal pointed to the company’s operational strength, citing its 25 state-of-the-art manufacturing plants with a combined capacity of 1,091,000 MTPA.
The firm projects Supreme Industries will deliver robust growth with revenue, EBITDA, and adjusted PAT estimated to grow at a CAGR of 14%, 20%, and 23% respectively over FY25-FY28, driven by healthy volume growth at 13% CAGR and an improving margin profile.
The INR5,400 price target is based on 45x FY27E P/E, representing a 22% premium over the stock’s five-year average one-year forward P/E multiple.
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