Prabhudas Lilladher has reiterated an "Accumulate" rating on Supreme Industries (SI), with a revised target price (TP) of Rs 3,803, up from the earlier Rs 3,689. Despite short-term softness due to demand challenges and margin contraction in its flagship plastic pipes division, the research house believes SI’s strategic investments, volume-led recovery, and upcoming capacity expansions position it for sustainable growth. Earnings revisions upward for FY26E and FY27E reflect improving confidence.