Supreme Infrastructure India Limited (SUPREMEINF) AI Stock Analysis

• Market Cap: ₹6.95B
• Dividend Yield: N/A
• Average Volume (3M): 5.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• Revenue Growth: -31.16%
• EPS Growth: N/A
• Country: IN
• Employees: 57
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): -5.09
• Shares Outstanding: 96,735,760
• 10 Day Avg. Volume: 1,938
• 30 Day Avg. Volume: 5,192
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.04
• Price to Sales (P/S): 4.23
• P/FCF Ratio: 39.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ₹68.00 ▼(-22.55% Downside)
• Action: Reiterated Date: 11/21/25
• Date: Action: Reiterated 11/21/25

The overall stock score is heavily influenced by the company's poor financial performance, marked by declining revenues and high leverage. Technical analysis further supports a bearish outlook with oversold conditions. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield, reinforcing the stock's unattractiveness.

Positive Factors

EPC contract-based revenue model

A contract-driven EPC business model delivers multi-month to multi-year revenue visibility tied to certified progress and milestones. That structure supports predictable cash conversion as projects advance, aligns revenue with work performed, and provides a durable operational framework when bidding and execution stabilize.

Upside from variation orders and claims

Routine scope changes and approved variation orders in infrastructure projects create structural upside to contract economics. When realized, these adjustments expand contract value and margins over project life, helping restore profitability if contract administration and client approvals remain effective.

Signs of operating cash recovery in 2025

A modest return to positive operating and free cash flow in 2025 indicates the company can generate cash when project execution aligns. Sustained cash generation would reduce short-term liquidity pressure, lower reliance on external financing, and improve ability to fund working capital for contract execution over coming quarters.

Negative Factors

Negative shareholders' equity/insolvency risk

Deep and widening negative equity is a structural solvency concern. It limits access to new capital, weakens counterparty confidence, and constrains bidding ability on large contracts. Persistent negative equity also prevents normal leverage metrics and raises the risk of creditor actions or restructuring needs.

Severe revenue contraction

A multi-year collapse in top-line scale materially erodes competitive position and economies of scale. Lower revenue makes it harder to absorb fixed costs, sustain workforce and equipment, and maintain market relevance in project bidding, threatening the firm's ability to rebuild a stable backlog.

Persistent negative profitability and margins

Ongoing negative EBIT/EBITDA margins indicate structural operational inefficiencies or uncompetitive pricing on contracts. Sustained losses deplete cash and equity, hinder reinvestment in equipment or bidding capacity, and raise the cost of capital, which limits the company's long-term ability to recover market share.

Supreme Infrastructure India Limited Business Overview & Revenue Model

Company Description

Supreme Infrastructure India Limited, together with its subsidiaries, engages in the engineering and construction of roads, bridges, railways, power, buildings, and irrigation and sewerage projects in India. It also owns and operates ready mix concrete, asphalt, and crushing plants. Supreme Infrastructure India Limited was incorporated in 1983 and is headquartered in Mumbai, India.

How the Company Makes Money

SUPREMEINF primarily makes money by executing infrastructure construction contracts and recognizing revenue as work is performed under those contracts. Key revenue streams generally include: (1) EPC/contract construction income from government bodies, public-sector entities, and private developers for building and upgrading infrastructure assets (e.g., roads, bridges, and related civil works), where payments are tied to certified progress/milestones or measured quantities; (2) variation orders and claims (where applicable) that increase contract value due to scope changes, escalation, or time extensions, subject to client approval; and (3) ancillary income related to project execution (such as mobilization advances or other contract-linked receipts), to the extent permitted by contract terms. Profitability is driven by the spread between contract revenues and project delivery costs (materials, labor, subcontracting, equipment, site overheads), as well as working-capital management (timely client certification/collections versus payables to suppliers/subcontractors). Specific project mix, major clients, partnerships/joint ventures, and the exact proportion of revenue by segment are not available from the provided context and are therefore null.

Supreme Infrastructure India Limited Financial Statement Overview

Summary

Supreme Infrastructure India Limited is facing severe financial difficulties. The company has experienced declining revenues, persistent losses, negative equity, and high leverage, indicating significant financial instability and operational challenges.

Income Statement

Supreme Infrastructure India Limited's income statement reveals significant financial challenges. The company has experienced declining revenues, from 3.2 billion in 2020 to 661 million in 2025, indicating a severe contraction. Gross profit margins have also shrunk, and net income remains in negative territory with substantial losses each year, reflecting poor profitability and operational inefficiencies. The EBIT and EBITDA margins are both negative, further highlighting operational struggles.

Balance Sheet

The balance sheet analysis indicates high financial risk. The company has a negative stockholders' equity, which has worsened from -30 billion in 2020 to -62 billion in 2025, implying insolvency. The debt-to-equity ratio cannot be calculated due to negative equity, but the substantial debt levels, increasing from 39 billion in 2020 to 28 billion in 2025, indicate high leverage and financial instability. Total assets have decreased, further indicating dwindling financial health.

Cash Flow

Cash flow analysis shows a decline in operational cash generation. The company shifted from a positive operating cash flow in 2020 to negative levels in subsequent years, with slight recovery in 2025. Free cash flow was positive in 2020 but turned negative in the following years, with a small positive shift in 2025. This volatility suggests unstable financial operations and challenges in maintaining liquidity.

Breakdown	TTM	Jun 2025	Mar 2024	Sep 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	511.32M	661.66M	587.29M	966.20M	1.36B	2.63B
Gross Profit	99.40M	102.56M	5.48M	-135.09M	4.68M	503.67M
EBITDA	64.59B	-349.36M	-326.75M	-756.19M	-532.18M	-1.35B
Net Income	51.71B	-14.26B	-11.75B	-11.58B	-9.06B	-8.74B
Balance Sheet
Total Assets	26.81B	26.70B	55.66B	50.67B	50.62B	49.01B
Cash, Cash Equivalents and Short-Term Investments	63.59M	44.12M	27.05M	75.09M	72.79M	72.48M
Total Debt	14.36B	28.58B	44.73B	52.84B	51.75B	51.52B
Total Liabilities	23.41B	89.05B	104.79B	103.69B	78.79B	82.83B
Stockholders Equity	3.43B	-62.32B	-48.71B	-51.23B	-30.34B	-32.67B
Cash Flow
Free Cash Flow	142.63M	70.82M	-140.99M	-327.13M	-208.96M	1.82B
Operating Cash Flow	196.67M	109.66M	-140.99M	-178.55M	-139.04M	2.03B
Investing Cash Flow	-62.82M	-30.25M	42.45M	-146.43M	-22.11M	209.18M
Financing Cash Flow	-134.88M	-82.52M	50.46M	315.34M	208.34M	-2.21B

Supreme Infrastructure India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 87.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUPREMEINF, the sentiment is Negative. The current price of 87.8 is above the 20-day moving average (MA) of 81.68, above the 50-day MA of 84.70, and below the 200-day MA of 99.15, indicating a bearish trend. The MACD of -2.31 indicates Positive momentum. The RSI at 30.41 is Neutral, neither overbought nor oversold. The STOCH value of 26.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SUPREMEINF.

Supreme Infrastructure India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BRNL	50 Neutral	₹1.48B	2.58	―	―	-57.13%	―
RKEC	49 Neutral	₹932.99M	20.28	―	―	-12.26%	-36.87%
ARSSINFRA	43 Neutral	₹1.25B	-678.38	―	―	-75.03%	-17499.32%
SADBHIN	43 Neutral	₹1.07B	-0.31	―	―	4.63%	67.17%
SUPREMEINF	39 Underperform	₹6.95B	-4.23	―	―	-31.16%	―

Supreme Infrastructure India Limited Corporate Events

Supreme Infrastructure India Holds 42nd AGM via Video Conferencing, To Publish E-Voting Results

Supreme Infrastructure India Limited held its 42nd Annual General Meeting on January 28, 2026 via video conferencing in compliance with Ministry of Corporate Affairs and SEBI guidelines, with 103 members attending and the full board, key management, and statutory and secretarial auditors present. The meeting, chaired by Managing Director Vikram Sharma, ran from 11:05 a.m. to 12:04 p.m. IST, and the company said that the results of remote e-voting and e-voting conducted during and after the AGM on various resolutions will be declared and published on the company’s and the stock exchanges’ websites in due course, in line with listing regulations.

Supreme Infrastructure Forms Independent Directors’ Panel to Assess Open Offer

Supreme Infrastructure India Limited has constituted a Committee of Independent Directors in response to an ongoing open offer by acquirers and persons acting in concert to purchase up to 66,81,577 equity shares, representing 26% of the company’s pre-preferential share capital at a price of ₹97.60 per share. Acting under SEBI’s Takeover and Listing Regulations, the board approved the committee via circular resolution on 3 January 2026, tasking it with issuing a reasoned recommendation to eligible shareholders on the open offer; this step formalizes the governance framework around the transaction and signals a structured review process whose conclusions will be disclosed to stock exchanges in due course, potentially influencing shareholder decisions and the company’s ownership structure.

Supreme Infrastructure India Limited Faces Substantial Share Acquisition

Systematix Corporate Services Limited has submitted a public announcement concerning Supreme Infrastructure India Limited, in accordance with the Securities and Exchange Board of India regulations. This announcement pertains to the substantial acquisition of shares and takeovers, potentially impacting the company’s market position and shareholder interests.