About Supreme Petrochem Limited

Supreme Petrochem Limited was incorporated in 1989 and is a leading Indian manufacturer of styrenics and allied products. The company’s portfolio includes Polystyrene (PS), Expandable Polystyrene (EPS), masterbatches, compounds of styrenics and other polymers, and Extruded Polystyrene (XPS) insulation boards. It operates two manufacturing facilities at Amdoshi, Dist. Raigad, Maharashtra, and Manali New Town, Chennai, Tamil Nadu. SPL primarily serves B2B customers across sectors such as appliances, consumer goods, electronics, packaging, and building materials.

The company’s international footprint spans over 100 countries, with exports contributing around 9.18% of turnover in FY 2024-25. The company has been a pioneer in the Indian styrenics industry with significant expansions, including the establishment of India’s first integrated XPS plant in 2007 and continuous capacity augmentation. SPL operates as a standalone company with no subsidiaries as of March 31, 2025; however, it acquired a polymer compounding business in Tamil Nadu in April 2025, which became a subsidiary.

Supreme Petrochem Limited Business Segment

• Revenue mix by activity (FY 2024–25): Manufacturing 77.11%; Trading of Raw Materials 22.89%
• Revenue mix by geography (FY 2024–25): Domestic 90.82%; Exports 9.18%

SPL primarily operates in the manufacture of styrenics and related polymers and compounds, including value-added product lines such as XPS boards for insulation. The company is also expanding into ABS with new project completions anticipated in FY 2025-26 and is involved in power procurement through equity investment in renewable energy ventures.

Supreme Petrochem Limited Key Management

• M. P. Taparia – Chairperson
• K. V. Mujumdar – Whole Time Director
• N. Gopal – Executive Director (Styrenics) & Manager
• Rakesh Nayyar – Executive Director (Finance & Corporate Affairs) & CFO

Latest Updates on Supreme Petrochem Limited

• Near completion of Phase I of ABS project with commercial production expected in Q2 FY 2025-26.
• Mechanical completion of EPS capacity expansion and new compounding lines targeted by June 2025.
• Acquired an 80% stake in a polymer compounding company in Tamil Nadu, adding 15,000 TPA capacity and Tier-2 supplier approvals.
• 26% stake in TP Saturn Limited provides 12.5 MW solar power supply to Amdoshi plant.
• Sales volumes grew 9.4% with capacity utilization at 79%, and export volumes normalised following logistical improvements.
• Credit rating outlook revised to Positive by CRISIL and India Ratings.