
3 Plastic Piping Systems Maker, Grey Cement Maker and Mumbai Residential Developer Stocks With a Strong Future Roadmap: Supreme Industries, JK Lakshmi Cement and Lodha Developers
Supreme Industries, JK Lakshmi Cement and Lodha Developers: ROE of 10.6% to 15.5% and FY22 to FY26 revenue CAGR of 5.8% to 15.8%. Prices as of 30 Oct 2026.
Updated: 2 Nov 2026 • 2:27 pm
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Quick Answer
The three plastic pipe, cement and developer stocks to watch are Supreme Industries, JK Lakshmi Cement and Lodha Developers. Their return on equity ranges from 10.6% to 15.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 15.8%. Supreme Industries has the highest return on equity at 15.5%, while Lodha Developers has the fastest revenue growth at 15.8% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
Plastic pipe, cement and developer stocks give investors a way to track businesses that sit close to everyday demand in India. Supreme Industries, JK Lakshmi Cement and Lodha Developers cover a plastic piping systems maker, a grey cement maker and a Mumbai residential developer.
This list covers three plastic pipe, cement and developer stocks with complete current figures: Supreme Industries, JK Lakshmi Cement and Lodha Developers. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.
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What Are Plastic Pipe, Cement and Developer Stocks?
Plastic pipe, cement and developer stocks are listed companies that make plastic pipes and packaging products, produce grey cement and ready mix concrete in northern and western India, and develop residential projects across the Mumbai region. Their earnings depend on housing activity, construction demand and input costs.
Plastic Pipe, Cement and Developer Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Supreme Industries | 3,150 | 46,098 | 44.6 | 36.4 | 15.5 | 0.01 |
| JK Lakshmi Cement | 453.85 | 6,094 | 16.4 | 29.1 | 10.6 | 0.67 |
| Lodha Developers | 1,037 | 100,506 | 24.3 | 30.7 | 14.7 | 0.42 |
On valuation, JK Lakshmi Cement and Lodha Developers trade at a P/E below the industry P/E, while Supreme Industries trades above it, which reflects the growth the market already expects. Readers comparing plastic pipe, cement and developer stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Plastic Pipe, Cement and Developer Stocks Have a Strong Roadmap in India?
Plastic pipe, cement and developer stocks have a strong roadmap in India because rising housing demand, growing construction work and wider use of plastic pipes keep widening the market for these building linked companies.
- Housing demand. New homes need pipes and cement.
- Construction work. Road and building projects use cement.
- Launch pipeline. Developers add large projects.
Why Supreme Industries Features Among These Plastic Pipe, Cement and Developer Stocks
Among the plastic pipe, cement and developer 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.
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. 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%. 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 JK Lakshmi Cement Features Among These Plastic Pipe, Cement and Developer Stocks
Among the housing build out shares on this list, JK Lakshmi Cement makes grey cement and ready-mix concrete for customers in northern and western India, selling mainly through a strong dealer network under the JK Lakshmi brand.
The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P/E of 16.4, below the industry P/E of 29.1.
Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore.
Roadmap: The company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.
What to watch: Check capacity expansion progress and volume growth in core regions.
Why Lodha Developers Features Among These Plastic Pipe, Cement and Developer Stocks
Among the three companies on this list, Lodha Developers, listed as Macrotech Developers, is a leading residential real estate developer in the Mumbai Metropolitan Region, with projects in Pune, Bengaluru and other cities. It also builds industrial and logistics parks.
Revenue rose from Rs 9,525 crore in FY22 to Rs 17,120 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 1,208 crore in FY22 to Rs 3,431 crore in FY26, which works out to a compound annual growth rate of 29.8%.
In the June 2026 quarter, revenue grew 40.6% year on year to Rs 5,097 crore, while net profit rose 103.4% to Rs 1,373 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 0.42 and a market capitalisation of Rs 100,506 crore. The stock trades at a P/E of 24.3, below the industry P/E of 30.7.
Roadmap: The company is launching new projects in its core micro-markets while growing its land bank and its industrial parks business. A strong brand supports pre-sales across price points.
What to watch: Track pre-sales bookings, new launches and collections from ongoing projects.
Supreme Industries vs JK Lakshmi Cement vs Lodha Developers on Key Financials
The table below sets the three plastic pipe, cement and developer 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% |
| JK Lakshmi Cement | 5,488 | 6,875 | 5.8% | 413 | 6.0% |
| Lodha Developers | 9,525 | 17,120 | 15.8% | 3,431 | 20.0% |
Supreme Industries posts the highest return on equity in this group at 15.5%. Lodha Developers combines the largest FY26 revenue at Rs 17,120 crore with the fastest revenue growth, a 15.8% compound annual rate. A useful habit with plastic pipe, cement and developer 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% |
| JK Lakshmi Cement | 1,763 | 1,920 | 8.9% |
| Lodha Developers | 3,625 | 5,097 | 40.6% |
Key Risks to Check Before Investing in Plastic Pipe, Cement and Developer Stocks
Every theme carries risks that deserve a check before any decision. For these plastic pipe, cement and developer stocks, the main points are: Long-term housing build out shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Housing cycles. Real estate and building demand can vary with rates and sentiment.
- Capex cycles. Customer spending on plants and projects can vary.
- 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, cement and developer stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Plastic Pipe, Cement and Developer Stocks
Plastic pipe, cement and developer stocks work best when investors track growth, valuation and return on equity side by side. Supreme Industries, JK Lakshmi Cement and Lodha Developers each have a clear plan to grow. Based on the 30 October 2026 close, Supreme Industries trades at Rs 3,150, JK Lakshmi Cement at Rs 453.85 and Lodha Developers at Rs 1,037. 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, cement and developer stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track plastic pipe, cement and developer 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, cement and developer stocks?
Ans. Plastic pipe, cement and developer stocks are listed companies that make plastic pipes and packaging products, produce grey cement and ready mix concrete in northern and western India, and develop residential projects across the Mumbai region. Their earnings depend on housing activity, construction demand and input costs. This list looks at three of them, Supreme Industries, JK Lakshmi Cement and Lodha Developers, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which plastic pipe, cement and developer stocks are covered in this list?
Ans. This list covers Supreme Industries, JK Lakshmi Cement and Lodha Developers. Based on the 30 October 2026 close, Supreme Industries traded at Rs 3,150, JK Lakshmi Cement at Rs 453.85 and Lodha Developers at Rs 1,037. Their return on equity ranges from 10.6% to 15.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 15.8%.
Why do plastic pipe, cement and developer stocks have a strong future roadmap in India?
Ans. Plastic pipe, cement and developer stocks have a strong roadmap in India because rising housing demand, growing construction work and wider use of plastic pipes keep widening the market for these building linked companies. The main drivers are as follows. Housing demand. New homes need pipes and cement. Construction work. Road and building projects use cement. Launch pipeline. Developers add large projects. 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 JK Lakshmi Cement performed financially?
Ans. Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore. The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P/E of 16.4, below the industry P/E of 29.1. Looking ahead, the company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.
How has Lodha Developers performed financially?
Ans. Revenue rose from Rs 9,525 crore in FY22 to Rs 17,120 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 1,208 crore in FY22 to Rs 3,431 crore in FY26, which works out to a compound annual growth rate of 29.8%. In the June 2026 quarter, revenue grew 40.6% year on year to Rs 5,097 crore, while net profit rose 103.4% to Rs 1,373 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 0.42 and a market capitalisation of Rs 100,506 crore. The stock trades at a P/E of 24.3, below the industry P/E of 30.7. Looking ahead, the company is launching new projects in its core micro-markets while growing its land bank and its industrial parks business. A strong brand supports pre-sales across price points.
What risks should investors check before buying plastic pipe, cement and developer stocks?
Ans. Investors should check a few risks before buying plastic pipe, cement and developer stocks. Housing cycles. Real estate and building demand can vary with rates and sentiment. Capex cycles. Customer spending on plants and projects can vary. 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, cement and developer stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 30 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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