Supreme Petrochem: Business Overview & Financial Analysis
Supreme Petrochem is the leading manufacturer of polystyrene and styrenic polymers in India, headquartered in Mumbai, Maharashtra. Jointly promoted by the Supreme Industries Group and the Rajan Raheja Group, the company manufactures Polystyrene (PS), Expandable Polystyrene (EPS), Specialty Polymers and Compounds (SPC), Mass Extruded Polycarbonate (XPS) insulation boards, and Styrene Methyl Methacrylate (SMMA). Operating automated processing plants in Maharashtra and Tamil Nadu, Supreme Petrochem serves consumer durables, automotive, packaging, construction, electronic appliances, and healthcare sectors across domestic markets and exports to over 100 countries globally.
Product Portfolio & Revenue Breakdown of Supreme Petrochem (FY26)
Supreme Petrochem structures its operational product portfolio around basic styrenics, expandable polymers, engineering polymers, and insulation boards.
- Polystyrene (GPPS & HIPS) Segment – 52.5% of Total Operating Revenue
- Expandable Polystyrene (EPS) Segment – 28.2% of Total Operating Revenue
- Specialty Polymers & Compounds (ABS, SMMA) Segment – 14.3% of Total Operating Revenue
- Extruded Polystyrene (XPS) Insulation Boards & Others – 5.0% of Total Operating Revenue
- Total Consolidated Revenue from Operations (FY26) – Rs 5,850.40 crore (+12.8% YoY)
Polystyrene (General Purpose PS and High Impact PS) serves as the primary revenue generator, supplying refrigerator liners, electronic housings, and food packaging. Expandable Polystyrene provides volume base sales across protective cold-chain packaging and thermal insulation applications.
Domestic Market Share & Installed Capacity of Supreme Petrochem (FY26)
Supreme Petrochem holds dominant domestic market share positions across key styrenic polymer product lines in India.
- Domestic Polystyrene (PS) Market Share – ~50.0% Market Leadership Position
- Domestic Expandable Polystyrene (EPS) Market Share – ~45.0% Market Leadership Position
- Installed Polystyrene Processing Capacity – 300,000 Metric Tonnes Per Annum (MTPA)
- Installed Expandable Polystyrene Capacity – 135,000 Metric Tonnes Per Annum (MTPA)
- Installed XPS Insulation Board Capacity – 100,000 Cubic Meters Per Annum
The company commands a dominant 50% domestic market share in Polystyrene, operating as the single-location market leader in India. In-house compounding and extrusion lines process specialized grades to fulfill consumer appliance OEM requirements.
Geographic Revenue Mix & Export Distribution Share of Supreme Petrochem (FY26)
Supreme Petrochem distributes its polymer products across domestic industrial belts while exporting specialized grades to international markets.
- Domestic Indian Market Sales Share – 84.5% of Total Operating Revenue
- International Exports Channel Share – 15.5% of Total Operating Revenue
- Global Export Destinations Footprint – Exports to 100+ countries across Europe, Americas, Middle East, and Asia-Pacific
- Key Export Product Lines – Eco-friendly EPS beads, flame-retardant PS grades, and specialized SMMA compounds
Domestic sales contribute over eight-tenths of total operational turnover, supported by direct supplies to consumer durable manufacturers in India. Global export dispatches supply flame-retardant EPS grades and food-contact-approved PS resins to overseas processors.
Manufacturing Infrastructure & Facilities Footprint of Supreme Petrochem (FY26)
Supreme Petrochem operates two state-of-the-art polymer manufacturing campuses equipped with automated polymerization lines and captive power infrastructure.
- Primary Manufacturing Complex Locations – Nagothane (Raigad, Maharashtra) and Manali (Chennai, Tamil Nadu)
- Nagothane Mega Plant – Flagship integrated unit producing PS, EPS, SPC, and XPS insulation boards
- Manali Processing Unit – Specialized facility dedicated to EPS manufacturing for Southern regional markets
- Captive Power Sourcing – 15+ MW captive thermal and solar power integration
- Quality & Environmental Accreditations – ISO 9001, ISO 14001, and ISO 45001 certified manufacturing plants
The Nagothane complex in Maharashtra functions as the company's primary processing hub with direct access to JNPT port facilities. The Chennai unit provides regional supply advantages to white-goods manufacturing hubs across South India.
Raw Material Sourcing & Price Sensitivity of Supreme Petrochem (Q1 FY27)
Supreme Petrochem tracks international crude oil and petrochemical derivative prices, particularly Styrene Monomer (SM).
- Styrene Monomer (SM) Input Cost Share – >75.0% of Total Raw Material Expenses
- Import Reliance for Styrene Monomer – 100.0% imported via sea tankers to Nagothane and Chennai ports
- Key Sourcing Origin Geographies – Middle East, South Korea, Singapore, and Western Europe
- Raw Material Cost to Sales Ratio – ~78.5% of Total Operating Revenue
Styrene Monomer constitutes the single largest raw material cost component across all production lines. Since Styrene Monomer is fully imported, international benchmark price shifts directly impact gross operating spreads and working capital requirements.
Latest Quarterly Financial Performance of Supreme Petrochem (Q1 FY27)
Supreme Petrochem recorded top-line revenue expansion and operating profit growth during the first quarter of FY27.
- Consolidated Revenue from Operations – Rs 1,485.40 crore (+14.2% YoY)
- Consolidated Operating EBITDA – Rs 185.20 crore (+18.5% YoY)
- Operating EBITDA Margin – 12.47% (+45 bps YoY)
- Consolidated Net Profit After Tax (PAT) – Rs 128.40 crore (+21.2% YoY)
- Board Recommended Interim Dividend – Disclosed as per capital distribution policy
First-quarter operating revenue rose 14.2% year-on-year to Rs 1,485.40 crore, supported by volume dispatches to consumer durable manufacturers. Consolidated Net Profit After Tax reached Rs 128.40 crore, while operating EBITDA margins expanded to 12.47%.
Consolidated Annual Financial Performance of Supreme Petrochem (FY26)
Supreme Petrochem delivered full-year turnover expansion and operating profit growth for full financial year FY26.
- Full Year Consolidated Revenue from Operations – Rs 5,850.40 crore (+12.8% YoY)
- Full Year Operating EBITDA – Rs 685.20 crore (+15.4% YoY)
- Full Year Operating EBITDA Margin – 11.71% (+26 bps YoY)
- Consolidated Net Profit After Tax (PAT) – Rs 485.20 crore (+18.2% YoY)
- Total Annual Dividend Declared – Rs 10.00 per equity share
Full-year operating turnover crossed Rs 5,850 crore in FY26, as consolidated Net Profit After Tax expanded 18.2% to Rs 485.20 crore. Operational execution was supported by appliance sector volume growth, higher EPS sales, and raw material cost control.
Balance Sheet Structure & Financial Health Ratios of Supreme Petrochem (Q1 FY27)
Supreme Petrochem operates a zero-debt financial model supported by strong operating cash generation and surplus cash reserves.
- Debt to Equity Ratio – Net Cash Positive / Zero Debt (0.00x)
- Total Cash, Bank Balances & Surplus Investments – Rs 850.00 crore
- Total Consolidated Net Worth Base – Rs 2,250.00 crore
- Return on Capital Employed (ROCE) – 26.5%
- Return on Equity (ROE) – 21.2%
The company closed Q1 FY27 with zero long-term financial debt and Rs 850.00 crore in liquid surplus reserves. High capital efficiency generated a Return on Capital Employed of 26.5%, funding internal expansion outlays without debt reliance.
Capital Expenditure & Mass ABS Expansion Roadmap of Supreme Petrochem (FY27–FY28)
Supreme Petrochem executes capital allocation plans to build a greenfield Mass ABS plant and expand EPS capacities.
- Total Planned Multi-Year Capex Outlay – Rs 1,200–1,400 crore over FY27–FY28
- Greenfield Mass ABS Project Capacity – Setting up 140,000 MTPA Mass ABS plant at Nagothane
- Mass ABS Phase-1 Target Commissioning – 70,000 MTPA capacity addition targeted by end of FY27
- Expandable Polystyrene (EPS) Capacity Outlay – Expanding Nagothane and Chennai EPS capacity by 30,000 MTPA
- Funding Method – 100% funded through internal operational cash accruals and cash reserves
Annual capital expenditure is budgeted to construct the 140,000 MTPA greenfield Mass ABS plant at Nagothane. Internal cash accruals fund all planned facility expansions without debt additions.
Strategic Outlook & Management Commentary of Supreme Petrochem (Q1 FY27 Concall)
Management guidance outlines strategic priorities centered on Mass ABS commissioning, EPS market share gains, and margin protection.
- Management targets achieving a 12%–15% sales volume CAGR over the FY27–FY29 period.
- Operating EBITDA margins are guided to sustain within the 11.5%–13.0% corridor through product mix enrichment.
- Mass ABS project commissioning will reduce domestic import reliance for white-goods appliance manufacturers.
- Eco-friendly XPS insulation board sales will be expanded across commercial building and cold-storage construction.
- Capital allocation strategy will maintain a debt-free balance sheet while funding Mass ABS construction.
Management anticipates domestic consumer durable production and cold-chain infrastructure outlays to support polymer volume execution. Operational focus centers on commissioning Phase-1 of the Mass ABS project, expanding EPS capacities, and preserving balance sheet strength.
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Sources & References
- Supreme Petrochem Q1 FY27 Consolidated Financial Results Disclosures (July/August 2026)
- Supreme Petrochem Q4 & Full Year FY26 Consolidated Financial Results Disclosures (May 2026)
- BSE Limited & National Stock Exchange of India (NSE) Corporate Filings for Supreme Petrochem
- Ticker Finology Supreme Petrochem Page
Disclaimer
The information presented above on Supreme Petrochem has been compiled from the company's Annual Reports, Investor Presentations, Earnings Call (Concall) Transcripts, official regulatory filings and the financial data available on Finology Ticker. Certain figures, classifications or comparisons may vary due to differences in accounting policies, reporting methodologies or subsequent restatements by the company. This content is intended solely for informational purposes and should not be considered as investment advice. Investors are advised to refer to the latest company filings and the updated financial data, ratios and disclosures available on this Finology Ticker Supreme Petrochem page before making any investment decision. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.