11 Mar 2025

Supreme Industries Stock Gains Amid Major Acquisition Deal

Supreme Industries is currently trading at RS 3347.00, marking a rise of 30.80 points or 0.93% from its previous close of RS 3316.20 on the BSE.

The stock opened at RS 3350.00 and recorded a high and low of RS 3350.00 and RS 3297.40, respectively. A total of 743 shares have been traded so far.

The BSE group 'A' stock, with a face value of RS 2, hit a 52-week high of RS 6482.40 on June 12, 2024, and a 52-week low of RS 3286.25 on March 3, 2025. Over the last week, the stock ranged between RS 3477.65 and RS 3297.40. The company's current market capitalization stands at RS 41893.46 crore.

In terms of shareholding, promoters hold 48.85%, while institutions and non-institutions hold 36.66% and 14.50%, respectively.

In a significant development, Supreme Industries has signed a Memorandum of Understanding (MoU) with Wavin Industries to acquire its Indian Piping (Building and Infrastructure) business. The acquisition includes manufacturing units in Banmore (M.P.), Hyderabad (Telangana), and Neemrana (Rajasthan), covering tangible and intangible assets, intellectual property rights, licenses, contracts, and employees.

Additionally, Supreme Industries will gain exclusive access to Wavin B.V.’s existing and new technologies for the next seven years in India and SAARC countries. The deal is valued at $30 million plus net working capital and is expected to be finalized by June 30, 2025.

Supreme Industries is a leading plastic processing company in India with seven business divisions, specializing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding, and Blow Moulding.