Skipper Ltd
Skipper Ltd is engaged in manufacturing and selling of Transmission & Distribution Structures and Pipes & Fittings. It also undertakes EPC projects in the infrastructure segment. [1]
- Market Cap ₹ 5,169 Cr.
- Current Price ₹ 459
- High / Low ₹ 665 / 261
- Stock P/E 35.4
- Book Value ₹ 105
- Dividend Yield 0.02 %
- ROCE 24.0 %
- ROE 14.1 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.2% CAGR over last 5 years
- Company's working capital requirements have reduced from 85.8 days to 65.7 days
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.67% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -5.41%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Engineering Industry: Engineering
Part of BSE Allcap BSE SmallCap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,039 | 1,310 | 1,501 | 1,665 | 2,074 | 1,871 | 1,391 | 1,582 | 1,707 | 1,980 | 3,282 | 4,624 | |
920 | 1,082 | 1,273 | 1,392 | 1,769 | 1,689 | 1,251 | 1,436 | 1,539 | 1,787 | 2,961 | 4,173 | |
Operating Profit | 118 | 228 | 227 | 273 | 305 | 182 | 140 | 145 | 168 | 193 | 321 | 452 |
OPM % | 11% | 17% | 15% | 16% | 15% | 10% | 10% | 9% | 10% | 10% | 10% | 10% |
2 | 1 | 5 | 3 | 1 | 1 | 2 | 4 | 4 | 5 | 8 | 20 | |
Interest | 69 | 70 | 65 | 68 | 79 | 102 | 85 | 74 | 94 | 105 | 155 | 213 |
Depreciation | 15 | 22 | 24 | 32 | 46 | 38 | 38 | 45 | 48 | 47 | 53 | 63 |
Profit before tax | 37 | 137 | 143 | 177 | 180 | 43 | 18 | 30 | 30 | 47 | 122 | 195 |
Tax % | 27% | 35% | 34% | 30% | 35% | 27% | -128% | 30% | 6% | 31% | 39% | 25% |
27 | 89 | 95 | 124 | 118 | 31 | 41 | 21 | 29 | 33 | 75 | 146 | |
EPS in Rs | 2.39 | 7.93 | 8.46 | 11.04 | 10.44 | 2.76 | 3.67 | 1.87 | 2.53 | 2.90 | 6.61 | 12.93 |
Dividend Payout % | 6% | 15% | 15% | 13% | 14% | 8% | 2% | 5% | 4% | 3% | 1% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 27% |
3 Years: | 39% |
TTM: | 41% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 29% |
3 Years: | 72% |
TTM: | 95% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 81% |
3 Years: | 96% |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 7% |
3 Years: | 10% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 |
Reserves | 221 | 294 | 371 | 522 | 627 | 638 | 677 | 698 | 725 | 758 | 881 | 1,172 |
440 | 383 | 468 | 436 | 496 | 523 | 454 | 440 | 568 | 485 | 579 | 740 | |
211 | 377 | 341 | 423 | 610 | 481 | 572 | 772 | 784 | 970 | 1,668 | 1,465 | |
Total Liabilities | 882 | 1,064 | 1,190 | 1,391 | 1,744 | 1,653 | 1,713 | 1,919 | 2,087 | 2,223 | 3,138 | 3,387 |
339 | 351 | 385 | 497 | 521 | 514 | 579 | 657 | 657 | 697 | 749 | 901 | |
CWIP | 8 | 3 | 40 | 14 | 2 | 8 | 11 | 12 | 14 | 7 | 16 | 133 |
Investments | 0 | 0 | 0 | 0 | 0 | 9 | 10 | 10 | 11 | 11 | 10 | 10 |
535 | 709 | 765 | 880 | 1,221 | 1,121 | 1,114 | 1,241 | 1,406 | 1,508 | 2,362 | 2,342 | |
Total Assets | 882 | 1,064 | 1,190 | 1,391 | 1,744 | 1,653 | 1,713 | 1,919 | 2,087 | 2,223 | 3,138 | 3,387 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
101 | 174 | 65 | 176 | 80 | 134 | 214 | 180 | 17 | 284 | 199 | 153 | |
-32 | -32 | -92 | -79 | -42 | -41 | -51 | -100 | -48 | -98 | -187 | -201 | |
-79 | -116 | 13 | -110 | -39 | -93 | -163 | -81 | 31 | -185 | -12 | 51 | |
Net Cash Flow | -10 | 26 | -14 | -13 | -1 | -0 | 0 | 0 | 0 | 1 | -0 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 81 | 105 | 91 | 82 | 91 | 96 | 115 | 109 | 93 | 66 | 85 | 55 |
Inventory Days | 110 | 95 | 96 | 123 | 155 | 154 | 202 | 213 | 251 | 263 | 263 | 122 |
Days Payable | 75 | 100 | 82 | 97 | 135 | 101 | 154 | 233 | 200 | 169 | 267 | 124 |
Cash Conversion Cycle | 116 | 99 | 105 | 108 | 111 | 149 | 163 | 89 | 144 | 160 | 81 | 53 |
Working Capital Days | 100 | 72 | 94 | 101 | 108 | 126 | 124 | 109 | 132 | 113 | 79 | 66 |
ROCE % | 16% | 31% | 27% | 27% | 25% | 13% | 9% | 9% | 10% | 12% | 20% | 24% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15m - Recording of conference call held today 30th April, 2025 at 05.00 PM.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5h - Skipper reports record Q4/FY25 revenue, PAT, large EPC orders, capacity expansion, and first major US order.
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Announcement under Regulation 30 (LODR)-Investor Presentation
6h - Attaching Investors Presentation quarter ended 31st Match 2025
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Appointment Of M/S. MKB & Associates Practising Company Secretaries As The Secretarial Auditor Of The Company For A Period Of Five Consecutive Years Commencing From
1St April, 2025 To 31St March, 2030
6h - Skipper Limited reports audited FY25 results with 10% dividend recommendation and appoints secretarial auditor for 5 years.
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Results-Financial Year 31.03.2025
6h - Skipper Limited reports FY25 audited results; recommends 10% dividend; appoints new Secretarial Auditor for 5 years.
Annual reports
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Financial Year 2024
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2010
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Financial Year 2009
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Concalls
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Apr 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Business Segments
1) Engineering Products (77% in 9M FY25 vs 77% in FY22): [1] [2] The company produces transmission towers, monopoles, power distribution poles, telecom towers, railway structures, and solar mounting structures. It is a leading manufacturer of Transmission and Distribution (T&D) structures, ranking among the top 10 worldwide. The segment's revenue increased by 69% YoY in 9M FY25. [3]