The Supreme Industries Limited (SUPREMEIND.NS) Bundle
An Overview of The Supreme Industries Limited
General Summary of The Supreme Industries Limited
The Supreme Industries Limited was established in 1942 and has grown to become one of India’s leading plastic processing companies. The company operates in diverse segments, including plastic products, packaging, and construction materials.
The product portfolio includes polyethylene water tanks, packaging films, and various industrial and consumer plastic products. As of 2024, The Supreme Industries reported a total sales revenue of ₹3,500 crores, reflecting a 15% year-on-year increase in sales, driven largely by increased demand for its water storage tanks and packaging solutions.
Company's Financial Performance in the Latest Financial Reports
For the financial year ending March 31, 2024, The Supreme Industries achieved record-breaking revenue of ₹3,500 crores, up from ₹3,043 crores in the previous year. This growth can be attributed to robust sales in their main product categories, particularly the plastic water tanks and flexible packaging business.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to ₹600 crores, resulting in an EBITDA margin of 17.14%, up from 15.8% in FY 2023. Additionally, net profit for the year stood at ₹280 crores, with a net profit margin of 8%.
The following table outlines key financial metrics for The Supreme Industries for FY 2023-2024:
| Financial Metric | FY 2023 | FY 2024 | Growth (%) |
|---|---|---|---|
| Total Revenue | ₹3,043 crores | ₹3,500 crores | 15% |
| EBITDA | ₹480 crores | ₹600 crores | 25% |
| Net Profit | ₹240 crores | ₹280 crores | 16.67% |
| EBITDA Margin | 15.8% | 17.14% | 1.34% |
| Net Profit Margin | 7.87% | 8% | 0.13% |
Introduction to The Supreme Industries Limited as an Industry Leader
The Supreme Industries has solidified its position as one of the leading plastic processing companies in India. The brand is renowned for its innovative products and commitment to quality, making it a trusted name across various sectors.
The company is strategically positioned to capitalize on market growth trends, with a strong emphasis on sustainability and customer satisfaction. Its expansion into new markets and continuous product innovation highlight its capability to maintain a competitive edge. Explore further to discover the factors contributing to The Supreme Industries' ongoing success in the industry.
Mission Statement of The Supreme Industries Limited
Mission Statement of The Supreme Industries Limited
The Supreme Industries Limited articulates its mission statement as a commitment to delivering quality plastic products that cater to various Industries and foster innovation while ensuring sustainability. This mission underlines the company's role in enhancing customer satisfaction and maintaining a competitive edge in the market.
Core Components of the Mission Statement
1. Commitment to Quality
The commitment to quality is reflected in Supreme Industries' product offerings, which include a wide range of plastic products such as pipes, packaging, and furniture. As per the company’s FY 2022-2023 earnings report, Supreme Industries achieved a revenue growth of 18% year-on-year, driven largely by its uncompromising standards of product quality.
In a market analysis, it is noted that the plastic products sector is expected to grow at a CAGR of 5.2% from 2023 to 2028, which supports the strategic focus of Supreme Industries on maintaining high-quality standards to capture market share.
2. Innovation and Technology
Supreme Industries focuses heavily on innovation, investing approximately 5% of its annual revenue into research and development. This investment has led to the introduction of several new products, including eco-friendly plastic solutions. The recent launch of biodegradable packaging solutions is a prime example of how innovation is integral to their mission.
A report from Market Research Future predicts that the green packaging market will exceed $600 billion by 2027, indicating a significant opportunity for Supreme Industries to leverage its innovative capabilities to meet evolving customer preferences.
3. Sustainability and Environmental Responsibility
Supreme Industries recognizes its responsibility towards environmental sustainability. The company has implemented several initiatives, such as recycling programs that aim to use 30% recycled materials in its product line by 2025. This aligns with global sustainability goals, and it enhances brand reputation among eco-conscious consumers.
According to the World Economic Forum, plastics recycling rates are expected to double in the next five years, which further emphasizes the significance of Supreme Industries' commitment to sustainable practices.
| Component | Description | Current Impact | Future Goals |
|---|---|---|---|
| Commitment to Quality | High standards in product offerings | Revenue growth of 18% in FY 2022-2023 | Maintain quality to capture market share |
| Innovation and Technology | Investment in R&D | 5% of annual revenue | Launch of biodegradable products by 2025 |
| Sustainability | Environmental responsibility initiatives | Implementation of recycling programs | Use 30% recycled materials by 2025 |
Vision Statement of The Supreme Industries Limited
Vision Statement Overview
The Supreme Industries Limited envisions itself as a leader in the plastic industry, committed to delivering quality products and sustainable solutions. This vision emphasizes innovation and customer satisfaction as priority components.
Commitment to Excellence
The company's vision statement highlights a commitment to excellence in product quality and customer service. The Supreme Industries Limited aims to achieve a market-leading position by investing in advanced technologies and processes.
In FY 2023, the company reported a gross turnover of ₹2,400 crores, demonstrating the effectiveness of its quality-driven approach. Customer satisfaction ratings have consistently remained above 85% in recent years, indicating the company's focus on excellence.
Sustainability Initiatives
A key component of the vision statement is a focus on sustainable practices. The Supreme Industries Limited strives to reduce its carbon footprint through various initiatives, including the use of recycled materials and energy-efficient manufacturing processes. The company aims for a 30% reduction in carbon emissions by 2025.
As part of its sustainability goals, the company has implemented a program to increase the use of recycled plastics. In 2024, the target is to achieve a 50% usage of recycled materials in its production processes.
Innovation and Product Development
The vision statement emphasizes innovation as a cornerstone for future growth. The Supreme Industries Limited allocates approximately 5% of its annual revenue to research and development. This investment supports the creation of new, innovative products that meet evolving market demands.
In FY 2023, the company launched several new products, including advanced plastic piping solutions and eco-friendly packaging options, contributing to a 15% increase in market share within those segments.
Global Expansion Strategy
The Supreme Industries Limited aims to expand its footprint globally. The vision incorporates plans to enter new international markets, focusing on regions with high growth potential such as Southeast Asia and Africa. The company reported an increase in export revenues of 20% in the last fiscal year, indicating successful penetration into these markets.
With the goal to expand international sales to account for 25% of total revenue by 2026, the company is strategically establishing partnerships with local distributors in targeted regions.
Financial Performance Metrics
| Year | Gross Revenue (₹ Crores) | Net Profit (₹ Crores) | R&D Investment (% of Revenue) |
|---|---|---|---|
| 2021 | ₹2,000 | ₹150 | 3% |
| 2022 | ₹2,200 | ₹180 | 4% |
| 2023 | ₹2,400 | ₹200 | 5% |
Customer-Centric Approach
The company’s vision statement expresses an unwavering commitment to its customers. Supreme Industries Limited aims to enhance the customer experience through tailored solutions and services. The company has implemented a customer feedback program, which has led to a 10% increase in customer retention rates since its inception.
Additionally, the company is focused on improving its response time to customer inquiries, with a target to reduce average response time to less than 24 hours by the end of 2024.
Core Values of The Supreme Industries Limited
Customer Focus
The Supreme Industries Limited emphasizes a strong commitment to customer focus, which is integral to its operational strategy.
In 2023, the company launched a new customer relationship management system that enhanced customer interaction and response times, leading to a 20% improvement in customer satisfaction ratings.
Additionally, The Supreme Industries has implemented regular feedback loops, including quarterly customer satisfaction surveys, which reported an average Net Promoter Score (NPS) of 75 in 2023.
Innovation
Innovation remains a core value, driving The Supreme Industries to constantly improve its product offerings.
In 2024, the company allocated 10% of its annual revenue, approximately ₹300 million, toward research and development initiatives.
One notable innovation is the introduction of eco-friendly packaging solutions, which accounted for 15% of total sales in 2023, reflecting a growing market trend towards sustainability.
Integrity
Integrity is paramount in the operations of The Supreme Industries, ensuring ethical practices across the board.
In the fiscal year 2023, the company achieved full compliance with the International Organization for Standardization (ISO) 9001:2015 standards, demonstrating its commitment to quality management.
The Supreme Industries also reported a 100% completion rate on their annual ethics training program for employees in 2023, reflecting a robust internal culture of accountability.
Teamwork
Teamwork is vital to The Supreme Industries' success, fostering collaboration and collective problem-solving.
The company initiated a cross-departmental team project in 2023 that resulted in a 25% increase in operational efficiency, showcasing the power of collaborative efforts.
Furthermore, over 60% of employees participated in team-building workshops last year, indicating a strong internal community and commitment to shared goals.
Sustainability
The core value of sustainability guides The Supreme Industries in minimizing its environmental impact.
In 2023, the company reduced its carbon footprint by 30%, achieving a total reduction of 15,000 tonnes of CO2 emissions.
Additionally, The Supreme Industries has pledged to increase its use of recycled materials to 50% of total raw material consumption by 2025.
| Core Value | Key Initiative | Impact | Year |
|---|---|---|---|
| Customer Focus | New CRM System | 20% improvement in customer satisfaction | 2023 |
| Innovation | R&D Investment | ₹300 million, 10% of revenue | 2024 |
| Integrity | ISO Compliance | 100% compliance achieved | 2023 |
| Teamwork | Cross-Departmental Projects | 25% increase in efficiency | 2023 |
| Sustainability | Carbon Footprint Reduction | 30% reduction, 15,000 tonnes CO2 | 2023 |
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