Jefferies raises Supreme Industries target to Rs 5,150 on PVC bottoming optimism
By Markets Desk Published on June 13, 2025, 08:19 IST
Jefferies has raised its target price for Supreme Industries to ₹5,150 while maintaining a 'Buy' rating, citing that PVC prices are nearing their lowest level in 15 years. At ~$700/MT, the brokerage believes the input cost environment is highly favourable and should support channel restocking.
The firm estimates that construction accounts for 45% of Supreme Industries' sales. With the prospect of lower mortgage rates in FY26, the volume growth outlook appears bright. Jefferies forecasts volume growth of over 10% for FY26, coupled with an over 100 basis point operating margin expansion to 15%.
Disclaimer: The views expressed above are those of Jefferies. This article does not constitute a recommendation by this publication.
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Markets Desk at BusinessUpturn.com
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