This Chemical Stock Could Breakout Soon! How To Be Eligible For Rs 7.50 Dividend Before July 4?

An Indian company called Supreme Petrochem Ltd (SPL) focuses on styrenics, a class of polymers that includes polystyrene. In addition to producing extruded polystyrene insulation boards (XPS) and a variety of styrenic compounds, it is one of India's top producers of expandable polystyrene (EPS) and polystyrene (PS). With exports to more than 93 nations, SPL is also India's largest PS exporter, according to Wikipedia. SPL provides services to customers in over 100 nations globally. SPL maintains production plants in Chennai's Manali and Amdoshi, Maharashtra.

Supreme Petrochem Dividend

The Board of Directors "Recommended a final dividend of Rs.7.50 (Rupees Seven and Paise Fifty Only) per equity share for the Financial Year ended March 31, 2025, subject to approval of members in the ensuing Annual General Meeting (AGM) of the Company," said Supreme Petrochem in a stock exchange filing.

Supreme Petrochem Dividend Record Date

"The 36th AGM of the Members of the Company will be held on Friday, July 4, 2025 at 4.00 p.m. IST through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM"). The shareholders of the Company who hold shares as at the close of business hours on Friday, July 4, 2025 will be eligible for obtaining the final dividend. Payment of such dividend will be made on or after Monday July 21, 2025, if approved by the members in AGM," Supreme Petrochem informed stock exchanges.

Supreme Petrochem Q4 Results

The profit after tax (PAT) of the petrochemicals firm dropped 18.71% YoY to Rs 106.9 crore from Rs 131.5 crore in the same quarter of the previous fiscal year. In comparison to the Rs 1,563 crore recorded in Q4FY24, Supreme Petrochem's revenue from operations for Q4FY25 was Rs 1,539 crore, a 1.52 percent drop. In the fourth quarter of FY25, Supreme Petrochem's earnings before interest, taxes, depreciation, and amortization (Ebitda) plummeted 15.90% to Rs 163.4 crore from the Rs 194.3 crore recorded in the same period of FY24.

Supreme Petrochem Share Price Target

"Supreme Petrochem is moving within a defined range of ₹625 to ₹675. The stock lacks strong momentum in either direction. A breakout above ₹675 could invite bullish action, while a breakdown below ₹625 may trigger short-term weakness. Until then, the trend is neutral, and traders may adopt a range-bound strategy with strict stop losses," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

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