India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 342 Advertorial The Supreme Industries Limited About the Company Supreme Industries Limited is India’s leading plastics product manufacturer, offering a wide and comprehensive range of plastic products in India. The company handles a volume of over 400000 tonnes of polymers annually. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products, Industrial Moulded Components, Moulded Furniture, Storage & Material Handling Products, Performance Packaging Films and Composite LPG Cylinders. Supreme Industries has 25 technologically advanced manufacturing facilities located at various places spread across the country. The company has built-up excellent relationship with its distributors and is also providing orientation to them, in order to ensure proper service to ultimate customers. Supreme Industries has a wholly owned subsidiary named Supreme Industries Overseas (FZE) in the UAE and Two Associate Companies viz.”Supreme Petrochem Limited” and “Kumi Supreme India Private Limited” , with a stake of 29.99% and 20.67%, respectively . Business Verticals Supreme is one of the leading plastic product manufacturing companies, with business divisions as under:- Plastics Piping System : Supreme offers a wide array of cost-effective piping solutions, which find usage in the water & waste management and infrastructure sectors. The company offers over 8000 different types of pipes and fittings which are manufactured as per various national and international standards. The Number of items is growing by 300/400 items every year. The Company focus is “Solution Provider” by offering complete solution for a given Plastic Pipe application. Currently, the Company is offering 30 Systems. The Company is planning to introduce in the next 18/24 months –PERT/ PEX Advance plumbing solution, PPR Composite pipes, Electro –fusion fittings, Premium overhead water tanks and Packaged STP’s(Sewerage treatment plant) The Company is continuously trying to boost export business of Piping Systems by participating in various international exhibitions. Mr. Taparia’s View The Polymer prices during Oct – Dec 2018 quarter have gone down between 14% to 16% in PE, PP and Polystyrene. PVC prices remained in the same range as was in the preceding quarter. Going forward, Company believes that the Polymer prices excluding PVC will remain at the current lower levels. This augurs well for Company’s business prospects for Jan-March 2019 quarter. Government’s policies to encourage affordable housing construction activities have now started in several parts of the Country. Central and State Governments have initiated several policies to boost farmer’s income. This will ramp up the demand of several products made by the Company. The Government’s emphasis on infrastructure activities has boosted demand of Piping System. The Company expects in the current year to attain volume growth of about 10% and value growth about 15%. The Company has plans to set up two new greenfield locations in this year and the capex is progressing well. Out of these two new sites, operations at Giloth in Rajasthan are now running smoothly. Construction and machinery installation work at second site– Jadcherla – in Telangana is going in full swing. Furniture and Roto production at that site will go in production before 31.3.2019. Foam products at that site will go in production in April- June 2019 quarter. Company also expanding its capacities at 11 of its existing locations and all of which has gone into production except at Khopoli & Chennai Moulding Unit. Performance packaging film at Khopoli will go in production in April-June 2019 quarter and Chennai Expansion is likely to go into production during July-September 2019.. Due to steep fall in Polymer prices, there was erosion in operating margins during the quarter Oct.- Dec. 2018. The competition in XF film products has eroded operating margins by around 5% in that business. The Company’s OPM thus also has gone down to about 13.16% for the 9 Months period ended 31st December, 2018 against 14.27% in the corresponding period of previous year. MP Taparia Managing Director Dun & Bradstreet D-U-N-S® No 86-217-4620 Top 500 Ranking Income 186 Net Profit 172 Networth 276 Financial Snapshot (In ` mn) Total Income 49,838.1 Net Profit 4,095.5 Networth 17,330.5 Ratios NPM (%) 8.2 RONW (%) 23.6 Current Ratio (times) 1.4 (As on Mar 31, 2018) Management Details Chairman BL Taparia Managing Director MP Taparia Executive Directors SJ Taparia VK Taparia Directors BV Bhargava NN Khandwala RM Pandia R Kannan YP Trivedi Rashna Khan Address & Website 612, Raheja Chambers, Nariman Point, Mumbai - 400021 Maharashtra www.supreme.co.in Dun & Bradstreet