
3 Plastic Piping Leader, Decorative Paint Major and Structural Steel Tubes Producer Stocks With a Strong Future Roadmap: Supreme Industries, Berger Paints India and APL Apollo Tubes
Supreme Industries, Berger Paints India and APL Apollo Tubes: ROE of 15.5% to 22.7% and FY22 to FY26 revenue CAGR of 8.0% to 15.3%. Prices as of 23 Oct 2026.
Updated: 26 Oct 2026 • 4:48 pm
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Quick Answer
The three plastic pipe, paint and tube building stocks to watch are Supreme Industries, Berger Paints India and APL Apollo Tubes. Their return on equity ranges from 15.5% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.0% to 15.3%. APL Apollo Tubes leads on both return on equity at 22.7% and revenue growth at 15.3% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Plastic pipe, paint and tube building stocks give investors a way to track businesses that sit close to everyday demand in India. Supreme Industries, Berger Paints India and APL Apollo Tubes cover a plastic piping leader, a decorative paint major and a structural steel tubes producer.
This list covers three plastic pipe, paint and tube building stocks with complete current figures: Supreme Industries, Berger Paints India and APL Apollo Tubes. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Plastic Pipe, Paint and Tube Building Stocks?
Plastic pipe, paint and tube building stocks are listed companies that make pipes, paints and steel tubes for builders, plumbers and homeowners. Their earnings depend on housing activity, repainting cycles, infrastructure work and input costs.
Plastic Pipe, Paint and Tube Building Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Supreme Industries | 3,390 | 46,098 | 44.6 | 36.4 | 15.5 | 0.01 |
| Berger Paints India | 466.35 | 54,785 | 45.0 | 42.6 | 16.3 | 0.09 |
| APL Apollo Tubes | 2,033.7 | 59,835 | 48.7 | 44.4 | 22.7 | 0.09 |
On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing plastic pipe, paint and tube building stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in plastic pipe, paint and tube building stocks can use the coming numbers to test whether growth is holding.
Why Do Plastic Pipe, Paint and Tube Building Stocks Have a Strong Roadmap in India?
Plastic pipe, paint and tube building stocks have a strong roadmap in India because housing growth, rising incomes and a preference for branded building products keep widening demand across the building chain.
- Housing demand. New homes need pipes, tubes and paint.
- Brand pull. Trusted names are chosen by builders and dealers.
- Infrastructure. Water and building projects use pipes and tubes.
Why Supreme Industries Features Among These Plastic Pipe, Paint and Tube Building Stocks
Among the plastic pipe, paint and tube building stocks on this list, Supreme Industries is among India's largest plastic products makers, with plastic piping systems, packaging, industrial products and consumer products across many plants.
Revenue rose from Rs 7,793 crore in FY22 to Rs 11,262 crore in FY26, a compound annual growth rate of 9.6%. Net profit for FY26 was Rs 954 crore, a net margin of 8.5%.
In the June 2026 quarter, revenue grew 3.8% year on year to Rs 2,727 crore, while net profit rose 38.8% to Rs 281 crore. The company has a return on equity of 15.5%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 46,098 crore. The stock trades at a P/E of 44.6, above the industry P/E of 36.4.
Roadmap: The company holds a leading position in plastic pipes, and has been adding capacity and value-added products across its segments. Its wide distribution network and many plants help it serve customers in every region.
What to watch: Monitor PVC resin prices and the volume growth in piping systems.
Why Berger Paints India Features Among These Plastic Pipe, Paint and Tube Building Stocks
Among the plastic piping company shares on this list, Berger Paints India is a leading paint maker with decorative, industrial and protective coatings, selling through a wide dealer network across India and in select overseas markets.
In the June 2026 quarter, revenue grew 12.2% year on year to Rs 3,623 crore, while net profit rose 28.6% to Rs 405 crore. Revenue rose from Rs 8,826 crore in FY22 to Rs 11,987 crore in FY26, a compound annual growth rate of 8.0%.
Net profit grew from Rs 833 crore in FY22 to Rs 1,128 crore in FY26, which works out to a compound annual growth rate of 7.9%. The company has a return on equity of 16.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 54,785 crore. The stock trades at a P/E of 45.0, above the industry P/E of 42.6.
Roadmap: The company is expanding capacity and its dealer reach while adding home improvement and waterproofing products. Housing demand and repainting cycles support steady volumes.
What to watch: Track volume growth, new capacity and input costs.
Why APL Apollo Tubes Features Among These Plastic Pipe, Paint and Tube Building Stocks
Among the three companies on this list, APL Apollo Tubes is India's largest maker of structural steel tubes, supplying galvanised and pre-galvanised tubes for buildings, infrastructure, solar structures and housing.
The company has a return on equity of 22.7%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 59,835 crore. The stock trades at a P/E of 48.7, above the industry P/E of 44.4.
Revenue rose from Rs 13,104 crore in FY22 to Rs 23,191 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 619 crore in FY22 to Rs 1,203 crore in FY26, which works out to a compound annual growth rate of 18.1%. In the June 2026 quarter, revenue grew 8.7% year on year to Rs 5,646 crore, while net profit rose 10.9% to Rs 263 crore.
Roadmap: The company is widening its product range into value-added tubes, expanding capacity across the country and growing its dealer network. Adoption of steel structures in buildings and solar installations supports volume growth.
What to watch: Check the growth in value-added products and the commissioning of new plants.
Supreme Industries vs Berger Paints India vs APL Apollo Tubes on Key Financials
The table below sets the three plastic pipe, paint and tube building stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Supreme Industries | 7,793 | 11,262 | 9.6% | 954 | 8.5% |
| Berger Paints India | 8,826 | 11,987 | 8.0% | 1,128 | 9.4% |
| APL Apollo Tubes | 13,104 | 23,191 | 15.3% | 1,203 | 5.2% |
APL Apollo Tubes posts the highest return on equity in this group at 22.7%. APL Apollo Tubes combines the largest FY26 revenue at Rs 23,191 crore with the fastest revenue growth, a 15.3% compound annual rate. A useful habit with plastic pipe, paint and tube building stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Supreme Industries | 2,626 | 2,727 | 3.8% |
| Berger Paints India | 3,229 | 3,623 | 12.2% |
| APL Apollo Tubes | 5,195 | 5,646 | 8.7% |
Key Risks to Check Before Investing in Plastic Pipe, Paint and Tube Building Stocks
Every theme carries risks that deserve a check before any decision. For these plastic pipe, paint and tube building stocks, the main points are: Long-term plastic piping company shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Input costs. Resin, steel and crude linked inputs affect margins.
- Competition. New entrants have raised pressure in paints and pipes.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter plastic pipe, paint and tube building stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Plastic Pipe, Paint and Tube Building Stocks
Plastic pipe, paint and tube building stocks work best when investors track growth, valuation and return on equity side by side. Supreme Industries, Berger Paints India and APL Apollo Tubes each have a clear plan to grow. Based on the 23 October 2026 close, Supreme Industries trades at Rs 3,390, Berger Paints India at Rs 466.35 and APL Apollo Tubes at Rs 2,033.7. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these plastic pipe, paint and tube building stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track plastic pipe, paint and tube building stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are plastic pipe, paint and tube building stocks?
Ans. Plastic pipe, paint and tube building stocks are listed companies that make pipes, paints and steel tubes for builders, plumbers and homeowners. Their earnings depend on housing activity, repainting cycles, infrastructure work and input costs. This list looks at three of them, Supreme Industries, Berger Paints India and APL Apollo Tubes, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which plastic pipe, paint and tube building stocks are covered in this list?
Ans. This list covers Supreme Industries, Berger Paints India and APL Apollo Tubes. Based on the 23 October 2026 close, Supreme Industries traded at Rs 3,390, Berger Paints India at Rs 466.35 and APL Apollo Tubes at Rs 2,033.7. Their return on equity ranges from 15.5% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.0% to 15.3%.
Why do plastic pipe, paint and tube building stocks have a strong future roadmap in India?
Ans. Plastic pipe, paint and tube building stocks have a strong roadmap in India because housing growth, rising incomes and a preference for branded building products keep widening demand across the building chain. The main drivers are as follows. Housing demand. New homes need pipes, tubes and paint. Brand pull. Trusted names are chosen by builders and dealers. Infrastructure. Water and building projects use pipes and tubes. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Supreme Industries performed financially?
Ans. Revenue rose from Rs 7,793 crore in FY22 to Rs 11,262 crore in FY26, a compound annual growth rate of 9.6%. Net profit for FY26 was Rs 954 crore, a net margin of 8.5%. In the June 2026 quarter, revenue grew 3.8% year on year to Rs 2,727 crore, while net profit rose 38.8% to Rs 281 crore. The company has a return on equity of 15.5%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 46,098 crore. The stock trades at a P/E of 44.6, above the industry P/E of 36.4. Looking ahead, the company holds a leading position in plastic pipes, and has been adding capacity and value-added products across its segments. Its wide distribution network and many plants help it serve customers in every region.
How has Berger Paints India performed financially?
Ans. Revenue rose from Rs 8,826 crore in FY22 to Rs 11,987 crore in FY26, a compound annual growth rate of 8.0%. Net profit grew from Rs 833 crore in FY22 to Rs 1,128 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 12.2% year on year to Rs 3,623 crore, while net profit rose 28.6% to Rs 405 crore. The company has a return on equity of 16.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 54,785 crore. The stock trades at a P/E of 45.0, above the industry P/E of 42.6. Looking ahead, the company is expanding capacity and its dealer reach while adding home improvement and waterproofing products. Housing demand and repainting cycles support steady volumes.
How has APL Apollo Tubes performed financially?
Ans. Revenue rose from Rs 13,104 crore in FY22 to Rs 23,191 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 619 crore in FY22 to Rs 1,203 crore in FY26, which works out to a compound annual growth rate of 18.1%. In the June 2026 quarter, revenue grew 8.7% year on year to Rs 5,646 crore, while net profit rose 10.9% to Rs 263 crore. The company has a return on equity of 22.7%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 59,835 crore. The stock trades at a P/E of 48.7, above the industry P/E of 44.4. Looking ahead, the company is widening its product range into value-added tubes, expanding capacity across the country and growing its dealer network. Adoption of steel structures in buildings and solar installations supports volume growth.
What risks should investors check before buying plastic pipe, paint and tube building stocks?
Ans. Investors should check a few risks before buying plastic pipe, paint and tube building stocks. Input costs. Resin, steel and crude linked inputs affect margins. Competition. New entrants have raised pressure in paints and pipes. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of plastic pipe, paint and tube building stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
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