Jefferies has reiterated its buy rating on Supreme Industries, while marginally trimming the target price to ₹5,100 from ₹5,150. The revised target still implies a healthy upside of around 20.4% from the current market price of ₹4,237.10.
The brokerage highlighted that volume growth has been improving consistently over the last four quarters, underscoring a strong demand recovery trend. The recent acquisition of Wavin is expected to further boost volumes, providing strategic growth momentum.
Jefferies expects FY26E pipe volume growth at 10%, which is slightly below the company’s guidance of 15–17%. Despite this conservative projection, the firm remains upbeat, projecting a robust +22% CAGR in EPS over FY25–28E.
The combination of expanding scale, acquisition-led synergies, and a sustained focus on earnings growth forms the basis of Jefferies’ bullish stance on Supreme Industries.
Disclaimer: The views and investment recommendations expressed in this article are those of Jefferies and do not represent the opinion of this publication. This is not a stock recommendation. Investors are advised to consult certified financial advisors before making any investment decisions.
