Supreme Industries - First Cut - Microsec

Supreme Industries announced its Q4 JuneFY12 and Annual June FY12 results on 20 July 2012. On a Quarterly basis, the company's Consolidated Net Sales increased by 25% YOY to INR914 crore and EBITDA increased by 54% YOY to INR176 crore . EBITDA Margin of the company increased from 15.2% to 19.0 YOY. PAT of the company increased by 58% YOY to INR95 crore.

On a yearly basis, Consolidated Net sales increased by 20% to INR2966 crore and PAT increased by 23% to INR242 crore resulting into an EPS of INR19.03.

The Stock is trading at its all time High and has given 35% return till date in the year 2012. At the CMP of INR237, the stock is currently trading at a P/E of 12.5x and discount its June13E EPS of INR24.9 by 9.5x. We maintain Buy on dips on the stock with a Target price of INR274.

Source : Equity Bulls

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