Supreme Industries Moat Analysis: Score & Risks
Supreme Industries Ltd.
A first-pass moat teardown of Supreme Industries Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow read — primary edge in Cost Advantage. Provisional, single-pass evidence.
Supreme Industries Ltd. scores 5.47 on MoatSCORE 6.0 — a narrow moat in Capital Goods. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“The Cost Management Project, code named "Rainbow Project" for focused cost reduction, launched last year is now matured with bringing in culture to look for avenues for cost saving projects and work on it.”
“The Company's active Channels Partners strength increased to 5060 Nos as on 31st March 2024 as compared to 4577 Nos as on 31st March 2023.”
“The Company has incurred Capex of r 126 crores in this year and been put to use in its' various plants to build more capacities and increase range of products.”
“We are still not a player. We are now getting approval in various locations.”
“Consumer Products segment business degrew by 8% in volume and 1% in value term.”
“This type of price volatility in a very short period led to deep destocking in the entire trade channel.”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 6 — at or above 6, consistent with a narrow read. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 509 Indian companies we have scored for moat durability — 370 narrow, 126 narrow-trending-wide, none wide. Every score, dimension by dimension, is free in the Moat Screener.
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