Rs 24 Dividend On Offer: BSE 200 Stock Shows Weakness Before Record Date; Is It Time To Sell?

The top producer of plastic products in India is Supreme Industries Limited, which provides a large and extensive selection of plastic products. Plastic piping systems, cross-laminated films and products, protective packaging products, industrial moulded components, moulded furniture, storage and material handling products, performance packaging films, and composite LPG cylinders are some of the product areas in which the firm works. Supreme Industries' stock closed at Rs 3475.70 a share on the BSE on Friday, down 1.09%, with a market value of Rs 44,150.73 Cr. This followed the company's announcement of the 1200% final dividend for FY25 and the financial results for the quarter and fiscal year that ended on March 31, 2025.

Supreme Industries Dividend

"The Board of Directors has recommended payment of final dividend @ 1200 % i.e. Rs. 24 /- per equity share on 12,70,26,870 Equity Shares of Rs.2/- each for the year ended 31st March, 2025 which together with Interim Dividend paid @ 500% i.e. Rs. 10/- per equity share aggregates to @ 1700 % i.e. Rs. 34 /- per equity share for the current year (Previous year @ 1500% i.e. Rs. 30/- per equity share). Total outflow for dividend shall absorb a sum of Rs. 432 Crores as against Rs. 381 Crores in previous year," said Supreme Industries in a statement.

Supreme Industries Dividend Record Date

"The 83rd Annual General Meeting of the Members of the Company is scheduled to be held on Friday, 27th June, 2025 at 4.00 p.m. Register of Members and the Share Transfer Books of the Company will remain closed from Saturday the 21st June, 2025 to Friday the 27th June, 2025 (both days inclusive), for the purpose of Annual General Meeting and Dividend. The Dividend as recommended by the Board, if approved at the 83rd Annual General Meeting, will be paid on or after 8th July, 2025. The Dividend when sanctioned will be payable to those Equity Shareholders, whose names stands on the Register of Members on the close of 27th June, 2025. However, in respect of Shares held in the electronic form, the Dividend will be payable, to the beneficial owners of the said Shares as at close of Friday 20th June, 2025 (Record Date), as per details furnished by Depositories," said Supreme Industries in a regulatory filing.

Supreme Industries Q4 Results

In the quarter that ended in March 2025, Supreme Industries' consolidated net profit dropped 17.16% to Rs 293.94 crore from Rs 354.82 crore in the quarter that ended in March 2024. Compared to Q4FY24, when sales were Rs 3007.89 crore, sales in Q4FY25 increased by 0.64% to Rs 3027.07 crore. In Q4 FY25, earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 15% to Rs 416 crore, while margin also fell to 13.8% from 16.3% in the same period the previous year.

The net profit for the entire fiscal year ended 31st March, 2025 decreased by 10.17% to Rs 960.88 crore compared to Rs 1069.72 crore in the year ended in March 2024. Sales in FY25 increased 3.08% to Rs 10446.25 crore, compared to Rs 10134.26 crore in FY24.

As of March 31, 2025, the company's overall cash surplus was Rs. 944 crores, compared to Rs. 1178 crores in the same period in 2024. The company plans to invest around Rs. 1100 crores in capital expenditures, which will include carryover obligations and the acquisition of Wavin's Indian construction and infrastructure business.

Supreme Industries Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "SUPREMEIND stock is currently trading around ₹3477.8, showing some consolidation after recent downward movement. The stock has been moving in a range, trying to find stability before making its next move. The stock has strong support at ₹3400 (near the 20-day Exponential Moving Average or EMA), and resistance around ₹3600. If the price breaks above ₹3600, it could lead to a new upward trend, pushing the stock towards ₹3850 and higher."

"The stock has witnessed consistent trading volume, but it needs to break above the resistance level on stronger volume to confirm a sustainable uptrend. If the price holds above the Volume Weighted Average Price (VWAP) of approximately ₹3500, a recovery can be anticipated in the coming sessions. SUPREMEIND is showing signs of recovery in the short term, especially if it can break above the ₹3600 level. Investors can look for buying opportunities on dips while keeping an eye on Stop-Loss at 3340 and target of 3865 levels for further movement," Mandar Bhojane further recommended.

"Supreme Industries is showing signs of weakness, failing to hold above the ₹3550 mark. The chart structure suggests a downward bias with potential support near ₹3420. A breach below this could push the stock towards ₹3350 levels. Momentum indicators are softening, and unless a reversal emerges, the near-term view remains negative," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

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