SUPREME INFRASTRUCTURESupreme Infrastructure India Ltd. (NSE: SUPREMEINF)
Prepared by Sucrit Patil | The SmartWay Research Desk | 2 June 2026
A Thane‑based infrastructure and construction company, incorporated in 1983. Supreme Infrastructure is engaged in roads, bridges, civil construction, real estate, and EPC projects, with operations across Maharashtra, Haryana, and other states.
Promoter Holding (Mar 2026): Supreme Group — 64.72% stake (no pledges)
FY22–FY26 Snapshot
Revenue Growth: FY25 revenue ₹1,215 Cr vs ₹1,048 Cr in FY24 (+15.9% YoY). → Good
Net Profit: FY25 PAT ₹42 Cr vs ₹28 Cr in FY24 (+50% YoY). → Good
Operating Margin: FY25 EBITDA ₹118 Cr, margin 9.7% vs 8.2% last year (+150 bps). → Good
Equity Capital: Stable, face value ₹10. → Good
Dividend Policy: No dividend declared in FY25; reinvestment focus. → Neutral/Weak
Asset Building: Investments in BOT road projects and EPC contracts. → Good
Sales: Strong demand from government infrastructure projects. → Good
Expense: Raw material and finance costs remain elevated. → Neutral/Weak
EPS: FY25 EPS ₹1.20 vs ₹0.80 last year (+50%). → Good
Institutional Interest & Ownership Trends (Mar 2026)
Promoter Holding: 64.72% (no pledges)
FII Holding: 3.00% (down from last quarter)
DII Holding: 1.12%
Retail & Others: 31.16%
Strategic Moves & Innovations
Focus on BOT road projects in Maharashtra and Haryana.
Diversification into real estate and EPC contracts.
Partnerships with state governments for highways and bridges.
Emphasis on cost optimization and debt restructuring.
Cash Flow & Balance Sheet Strength
Market cap ~₹812 Cr.
Debt‑to‑equity ratio ~0.92 (high leverage).
Book value per share ₹12.45; P/B ~6.9.
EPS (TTM) ₹1.20; P/E ~0.12 (reflecting weak profitability).
Risk Factors
High debt levels and interest burden.
Dependence on government infrastructure spending.
Exposure to raw material volatility (cement, steel).
Competition from larger EPC players.
Investor Takeaway
Supreme Infrastructure has delivered modest FY25 growth, supported by government contracts and EPC projects. However, high debt levels and margin pressures remain key risks. At CMP, valuations appear distressed (P/E ~0.12, P/B ~6.9), reflecting weak profitability and balance sheet stress. Investors should monitor debt restructuring progress and project execution before considering exposure.
Long
