Introduction:
Leading plastic manufacturer has signed a memorandum to acquire the piping business of Wavin India for $30 million, plus net working capital. The acquisition will enhance production capacity and expand its presence across North and South India, strengthening its market position.
Share price movement of Supreme Industries:
On March 11, 2025, Supreme Industries Ltd opened at ₹3,350.00, up 1.02% from its previous close of ₹3,316.20. The stock reached a high of ₹3,371.70 (1.67%) and a low of ₹3,297.40. By 10:24 AM, it traded at ₹3,347.95, a 0.96% increase, with a market cap of ₹42,527.96 crore.
Supreme Industries Acquires Wavin India:
Supreme Industries has announced the acquisition of Wavin India’s pipe business for $30 million (₹262 crore) plus net working capital. The deal includes Wavin’s manufacturing units in Banmore, Hyderabad, and Neemrana, strengthening Supreme’s presence in the plastic piping sector.
This acquisition will enhance Supreme Industries’ production capacity by 73,000 M.T. per annum, improving efficiency in catering to North and South India. Additionally, Supreme will gain exclusive access to Wavin B.V.’s existing and future technologies for seven years, facilitating expansion in water supply, sanitation, and infrastructure solutions.
The deal is expected to close by June 30, 2025. Wavin India, operational since 2017, has a strong portfolio of PVC, CPVC, HDPE, and PPR pipes, with a turnover of ₹1,007.50 crore in FY24. The acquisition aligns with Supreme’s growth strategy in the plastic piping industry.
Recent news on Supreme Industries:
As of January 20, 2025, Supreme Industries Ltd. reported a 27% YoY decline in Q3FY25 PAT to ₹187 crore, despite a 2% revenue rise to ₹2,510 crore. EBITDA fell 18.5% to ₹309 crore, with margins contracting to 12.3%.
Stock performance of Supreme Industries for Period of 1 week, 6 months, and 1 year:
Supreme Industries Ltd. faced a challenging period, with a 1.71% decline over the past week. The stock plunged 37.8% in six months and dropped 17.6% over the past year, reflecting sustained pressure despite a marginal rise in revenue.
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Shareholding pattern of Supreme Industries:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 48.90% | 48.90% | 48.90% |
| FII | 24.70% | 25.90% | 25.10% |
| DII | 12.00% | 10.60% | 11.50% |
| Public | 15% | 15% | 15% |
About Supreme Industries:
Supreme Industries Ltd. (NSE: SUPREMEIND) is India’s leading plastics manufacturer, offering a diverse range of products, including plastic piping systems, molded furniture, packaging films, and composite LPG cylinders, catering to various industrial and consumer needs across multiple segments.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
