400 per cent multibagger returns and Rs 1,500 crore capex: This plastics product stock bags new order worth Rs 55 crore from Indian Oil!

Shares of the company have gained about 30 per cent in the last six months.

Supreme Industries Limited secured a Letter of Acceptance (LOA) from Indian Oil Corporation Limited (IOCL) to supply about 231,035 composite LPG cylinders. This domestic contract is valued at approximately Rs. 55 crore and is expected to be fulfilled within 12 months. The LOA also includes a potential extension for another year at IOCL's discretion.

Supreme Industries Limited  has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 3,007.89 crore which grew by 15.76 per cent YoY. The operating profit of the company stood at Rs 508.76 crore which grew by 3.47 per cent on a YoY basis, while the PAT of the company stood at Rs 314.13 crore, which increased by 1.23 per cent on a YoY basis. The company is also planning to commit a capex of around Rs. 1,500 crores during the year to expand capacities and introduce new products.

Supreme Industries Limited  is India’s one of the leading plastics product manufacturers, offering a wide and comprehensive range of plastic products in India. 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. The stock has delivered multibagger returns of about 400 per cent in the last five years.

Disclaimer: The article is for informational purposes only and not investment advice.