Supreme Petrochem Limited (SPLPETRO.NS) Bundle
An Overview of Supreme Petrochem Limited
General Summary of Supreme Petrochem Limited
Supreme Petrochem Limited was established in 1995 and is headquartered in Mumbai, India. The company operates in the petrochemical sector, primarily focusing on the production of polymers, particularly polystyrene and expandable polystyrene.
As of 2024, Supreme Petrochem Limited has created a strong presence in both the domestic and international markets. The company has a diverse portfolio of products that includes:
- Polystyrene
- Expandable Polystyrene
- Plastic Raw Materials
In terms of sales, the company reported a substantial revenue growth. For the financial year 2023-2024, the total sales reached approximately ₹3,200 crore, a significant increase compared to ₹2,900 crore in the previous year.
Company's Financial Performance in Latest Financial Reports
In its most recent earnings report for Q2 2024, Supreme Petrochem Limited reported a record-breaking revenue of ₹850 crore, which reflects a growth of 18% year-over-year. The increase in sales is attributed mainly to higher demand for their polystyrene products, which accounted for approximately 65% of total revenue.
The company also noted a net profit of ₹120 crore for the same period, representing a year-over-year increase of 20%. Operating margins improved to 14%, aided by efficient production processes and cost management strategies.
The following table summarizes key financial metrics for Supreme Petrochem Limited's performance in the latest reporting period:
| Financial Metric | Q2 2024 | Q2 2023 | Year-over-Year Change |
|---|---|---|---|
| Total Revenue | ₹850 crore | ₹720 crore | 18% |
| Net Profit | ₹120 crore | ₹100 crore | 20% |
| Operating Margin | 14% | 12% | 2% |
Introduction to Company as One of the Leaders in the Industry
Supreme Petrochem Limited is recognized as one of the leading players in the petrochemical industry, both in India and globally. The company has built a reputation for its high-quality products and innovative solutions, which address the growing demand for sustainable and efficient materials.
With a strong focus on research and development, Supreme Petrochem Limited has continuously improved its production techniques and product offerings. Their strategic investments in capacity expansion and modernization have enabled them to stay at the forefront of the competitive landscape.
As of 2024, the company is poised for continued growth, driven by expanding market opportunities and a commitment to sustainability. Investors and analysts are encouraged to delve deeper into the company's strategies and performance metrics to gain insights into its success in the petrochemical sector.
Mission Statement of Supreme Petrochem Limited
Mission Statement of Supreme Petrochem Limited
The mission statement of Supreme Petrochem Limited serves as a guiding framework for the company's strategic direction and operational objectives. It reflects the organization's commitment to delivering high-quality petrochemical products while maintaining sustainability and fostering innovation.
Core Component 1: Commitment to Quality
Supreme Petrochem Limited emphasizes quality as a cornerstone of its mission. The company aims to provide products that meet or exceed customer expectations through stringent quality control processes.
- In 2023, the company's production of polystyrene was approximately 140,000 metric tons.
- Supreme Petrochem achieved an overall customer satisfaction score of 92% in recent surveys.
- The company invests around 5% of its annual revenue in quality improvement initiatives.
Core Component 2: Sustainability and Environmental Responsibility
Supreme Petrochem Limited is dedicated to sustainable practices, striving to minimize its environmental footprint in all operations.
- In 2022, the company reduced greenhouse gas emissions by 15% compared to 2021.
- It has invested ₹300 crore in renewable energy projects, enhancing its energy efficiency.
- The company is committed to achieving a 50% reduction in water consumption by 2025.
Core Component 3: Innovation and Technology
Innovation drives Supreme Petrochem Limited's competitive advantage, enabling the company to adapt to changing market demands and technological advancements.
- In 2023, the R&D expenditure reached approximately ₹50 crore, focusing on new product development.
- The company has launched three new products in the past fiscal year, catering to emerging market needs.
- Technological upgrades have improved production efficiency by 20% in recent annual reports.
| Key Performance Indicator | 2023 Value | 2022 Value | Change (%) |
|---|---|---|---|
| Polystyrene Production (Metric Tons) | 140,000 | 130,000 | 7.69% |
| Customer Satisfaction Score (%) | 92 | 90 | 2.22% |
| R&D Expenditure (₹ Crore) | 50 | 40 | 25% |
| Greenhouse Gas Emissions Reduction (%) | 15 | 10 | 50% |
Vision Statement of Supreme Petrochem Limited
Commitment to Quality
Supreme Petrochem Limited’s vision statement emphasizes an unwavering commitment to quality in all aspects of its operations. As of 2024, the company has invested approximately INR 100 crore in quality control processes and advanced technological systems to ensure that products meet international standards. This investment reflects Supreme Petrochem's dedication to producing high-quality products that satisfy customer needs.
Sustainability and Environmental Responsibility
The vision of Supreme Petrochem includes a strong focus on sustainability. The company has set an ambitious target to reduce greenhouse gas emissions by 30% by 2025, in line with global sustainability targets. Additionally, Supreme Petrochem aims to increase the use of recycled materials in its production processes, striving for a 50% increase in recycling efficiency by 2024.
Innovation and Technology
Innovation serves as a cornerstone of Supreme Petrochem’s vision. The company allocates approximately 15% of its revenue annually to research and development. This translates to roughly INR 45 crore dedicated to innovative solutions and product development in 2024. The goal is to enhance efficiency and introduce new products that cater to ever-evolving market demands.
Customer Centricity
Supreme Petrochem places a strong emphasis on customer satisfaction. The company aims to achieve a customer satisfaction score of over 90% by 2024, through improved service delivery and enhanced customer engagement strategies. This is supported by a recent survey indicating that 85% of customers are likely to recommend Supreme Petrochem based on their experiences.
Global Expansion
The vision statement outlines a strategy for global expansion, with plans to increase international market share by 25% in the next two years. This includes entering new geographical markets, particularly in Africa and Southeast Asia, where there is a growing demand for petrochemical products. In 2023, international sales contributed approximately INR 200 crore to the total revenue of INR 1,500 crore.
| Year | Investment in Quality Control (INR crore) | Target Reduction in Greenhouse Gas Emissions (%) | R&D Allocation (INR crore) | Customer Satisfaction Score (%) | Increase in Global Market Share (%) |
|---|---|---|---|---|---|
| 2022 | 75 | 20 | 35 | 88 | 5 |
| 2023 | 90 | 25 | 40 | 86 | 10 |
| 2024 | 100 | 30 | 45 | 90 | 25 |
Core Values of Supreme Petrochem Limited
Integrity
Integrity is a cornerstone value at Supreme Petrochem Limited, underpinning all operations and relationships. The company fosters a culture of honesty and transparency, ensuring that ethical practices are maintained across all levels.
In 2024, Supreme Petrochem Limited has implemented rigorous compliance measures, resulting in a 100% adherence to regulatory standards. Regular audits and reviews have highlighted the significance of ethical conduct in business decisions, with over 95% of employees confirming that they feel empowered to report unethical practices without fear of retaliation.
Innovation
Innovation drives the company’s commitment to progress and efficiency. Supreme Petrochem invests significantly in research and development, exemplifying its commitment to staying ahead in the petrochemical industry.
In 2023, the company allocated ₹50 crores towards R&D initiatives, leading to the development of eco-friendly products that reduced carbon emissions by 15%. The introduction of new processes has improved production efficiency by 20% over the past two years.
Customer Centricity
Customer centricity is vital to Supreme Petrochem's operations, ensuring that customer needs drive strategy and service delivery. The company prioritizes building long-lasting relationships through exceptional service.
In its latest customer satisfaction survey, 87% of clients reported being highly satisfied with the services offered. Additionally, the establishment of a dedicated customer service team has resulted in a 30% reduction in response times to client inquiries.
Sustainability
Sustainability reflects the company’s commitment to responsible business practices that protect the environment. Supreme Petrochem has embraced sustainable practices across its operations.
The company has achieved a 25% reduction in waste generation and is on track to meet its goal of becoming carbon neutral by 2030. As of 2024, Supreme Petrochem has invested ₹30 crores in renewable energy projects, contributing to solar power generation equivalent to 10 MW annually.
Excellence
Excellence defines the standards by which Supreme Petrochem operates, driving continuous improvement in all business areas. The company aims for high-quality outputs and exceptional performance in its operations.
As of 2024, Supreme Petrochem has achieved ISO 9001 certification for quality management, enhancing its credibility in the industry. The organization has recorded a 12% year-over-year growth in productivity, affirming its commitment to operational excellence.
| Core Value | Key Metrics | Examples Initiatives |
|---|---|---|
| Integrity | 100% adherence to regulations | Regular audits, employee empowerment programs |
| Innovation | ₹50 crores allocated to R&D | Eco-friendly product development, process improvements |
| Customer Centricity | 87% customer satisfaction rate | Dedicated customer service team |
| Sustainability | 25% reduction in waste generation | Investments in renewable energy projects |
| Excellence | 12% year-over-year productivity growth | ISO 9001 certification |
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