Supreme Industries

SUPREMEIND (₹3,156.90) exhibits a broad-based bearish technical structure across daily, weekly, and monthly timeframes as of 2026-11-06. The stock is trading below all key moving averages (EMA/SMA 20/50/200) and the Supertrend indicator, confirming sustained downward pressure. Trend strength varies by horizon: the weekly trend is established (ADX 31.12), while the daily trend is developing (ADX 22.13) and the monthly trend remains weak (ADX 10.7). Price positioning is near multi-period lows, sitting +13.6% above the 20-day range low and +7.9% above the 252-day range low. Recent price action includes a -4.1% daily decline with a wide intraday range (+6.2%), accompanied by a Bearish Engulfing Reversal pattern on 2026-11-05. Immediate resistance lies at ₹3,165.67 (0.28% above), with further levels at ₹3,228.33 and ₹3,259.67. Support is observed at ₹3,128.00 (-0.92% below). The stock has experienced a current drawdown of -32.9%, with annualized volatility at +31.1%. A shift toward bullish conditions would require a decisive close above the nearest resistance cluster and a reversal of the Supertrend signal; failure to hold support at ₹3,128.00 may extend downside exposure.

Supreme Industries reported unaudited results for the half-year ended 30 September 2026, recording revenue from operations of ₹6,079 crore and first-half sales volume of 341,991 MT. Management provided a FY27 outlook projecting company-wide volume growth of approximately 10%, revenue between ₹13,500–₹14,000 crore, and an operating margin of 14%–14.5%. The company also declared an interim dividend of ₹12 per share with a record date of 30 October 2026. On 5 November 2026, Supreme Industries announced a special window (February 2026 to February 2027) for shareholders to transfer or dematerialize physical securities related to transactions prior to April 2019 that were previously rejected or unattended due to documentation deficiencies.

Market performance reflects significant downward pressure; as of 6 November 2026, the stock closed at ₹3,156.90, down 9.7% over the past month and 17.9% over the past year. Technical indicators across daily, weekly, and monthly timeframes show bearish trends, with the current drawdown at -32.9% against a maximum drawdown of -33.8%. Annualized volatility stands at +31.1%, indicating elevated price fluctuation risk.

As of 6 November 2026, Supreme Industries (SUPREMEIND) has experienced a material shift in its market valuation, with the share price declining to ₹3,156.90 from a previous level of ₹3,291.00. This represents a contraction in equity value over the observed period. While the specific directional trend indicators for daily and weekly movements are not currently defined in the available data, the absolute price reduction marks a distinct change in the stock's trading metric compared to prior context. No new corporate filings or news developments have been recorded alongside this price adjustment.

Supreme Industries Limited has declared an interim dividend of ₹12 per share, with a record date of October 30, 2026. This payout follows the company's unaudited results for the half-year ended September 30, 2026, during which it reported revenue from operations of ₹6,079 crore and first-half sales volume of 341,991 MT. Management provided a FY27 outlook projecting company-wide volume growth of approximately 10%, revenue between ₹13,500–₹14,000 crore, and operating margins of 14%–14.5%. Additionally, the company opened a special window from February 5, 2026, to February 4, 2027, allowing shareholders with previously rejected or unattended requests to transfer physical shares (sold or purchased before April 1, 2019) to dematerialize them. Shares will be issued only in dematerialized form upon successful processing.

Supreme Industries reported a strong acceleration in FY2026-27, with Q2 revenue rising 40% year-on-year to ₹3,370 crore and net profit increasing to ₹233 crore. This follows a robust TTM sales growth of 17% and a 33% surge in TTM profit growth. However, earnings quality shows signs of strain: while operating profit grew significantly, the cash conversion ratio (CFO/EBITDA) declined from 112% in FY2024 to 95% in FY2026, indicating that a smaller portion of accounting profits is converting into cash. Working capital efficiency has also deteriorated, with the Cash Conversion Cycle widening from 37 days in Mar 2024 to 45 days in Mar 2026, driven primarily by an increase in Inventory Days from 74 to 80. Despite this, the balance sheet remains healthy, with cash reserves nearly doubling to ₹686 crore as of Sep 2026 and borrowings decreasing to ₹80 crore. Promoter holding remains stable at ~49%, while DII participation has risen to 19.61%. The key challenge for management will be sustaining top-line momentum while improving working capital cycles and cash realization.

Supreme Industries (SUPREMEIND) exhibits a pronounced technical deterioration as of November 6, 2026, with the stock trading at ₹3,156.90, reflecting a year-to-date decline of 9.4% and a one-year loss of 17.9%. The asset is in a confirmed bearish trend across daily, weekly, and monthly timeframes, evidenced by Supertrend signals pointing down and negative slopes on both the 20-day and 50-day moving averages. Price action has broken below key support, with the nearest resistance level sitting just 0.28% higher at ₹3,165.67, indicating immediate selling pressure. The stock’s current drawdown stands at -32.9%, nearing its maximum historical drawdown of -33.8%, while annualized volatility remains elevated at +31.1%. These metrics suggest a lack of buyer conviction and sustained downward momentum.