As the last fiscal year (2023-24) unfolded, Supreme Industries witnessed remarkable growth in its share price. Getting included in MSCI index also helped the growth. As a result at one point, my XIRR soared to an impressive 45%!
There was a minor correction, causing the stock price to dip below ₹4000. Undeterred by the temporary setback, I seized the opportunity to accumulate more shares, capitalizing on the lower price. Fast forward to the present—57% of my investment poured in during the last fiscal year (2023-24) alone! Interestingly, this situation mirrors the previous year where—at that time—three quarters of my investment came in last two fiscal years.
Investment through the years
Returns
A dividend yield at cost of 1% is… good enough.
| Fiscal year | Dividend yield at cost |
| 2018-19 | 0.75% |
| 2019-20 | 2.14% |
| 2020-21 | 0.42% |
| 2021-22 | 0.65% |
| 2022-23 | 1.13% |
| 2023-24 | 1.02% * |
The dividend yield at cost mentioned in the Returns graph above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year. To calculate the dividend yield at cost in the above table I use the below formula. (Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
Profit
XIRR
A remarkable 35% XIRR, compared to the Nifty 50 index’s 15%, is truly impressive! Now, the question remains: How long will it maintain this remarkable performance?
