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 ₹ 5,526 Cr.
- Current Price ₹ 490
- High / Low ₹ 588 / 300
- Stock P/E 25.7
- Book Value ₹ 131
- Dividend Yield 0.02 %
- ROCE 23.3 %
- ROE 16.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 60.1% CAGR over last 5 years
Cons
- Company has a low return on equity of 13.7% over last 3 years.
- Debtor days have increased from 79.4 to 97.6 days.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -5.39%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,310 | 1,501 | 1,665 | 2,074 | 1,871 | 1,391 | 1,582 | 1,707 | 1,980 | 3,282 | 4,624 | 5,553 | |
| 1,082 | 1,273 | 1,392 | 1,769 | 1,689 | 1,251 | 1,436 | 1,539 | 1,787 | 2,961 | 4,170 | 4,980 | |
| Operating Profit | 228 | 227 | 273 | 305 | 182 | 140 | 145 | 168 | 193 | 321 | 455 | 573 |
| OPM % | 17% | 15% | 16% | 15% | 10% | 10% | 9% | 10% | 10% | 10% | 10% | 10% |
| 1 | 5 | 3 | 1 | 1 | 2 | 4 | 4 | 5 | 8 | 18 | -0 | |
| Interest | 70 | 65 | 68 | 79 | 102 | 85 | 74 | 94 | 105 | 155 | 214 | 217 |
| Depreciation | 22 | 24 | 32 | 46 | 38 | 38 | 45 | 48 | 47 | 53 | 63 | 80 |
| Profit before tax | 137 | 143 | 177 | 180 | 43 | 18 | 30 | 30 | 47 | 122 | 195 | 276 |
| Tax % | 35% | 34% | 30% | 35% | 27% | -128% | 30% | 6% | 31% | 39% | 25% | 25% |
| 89 | 95 | 124 | 118 | 31 | 41 | 21 | 29 | 33 | 75 | 146 | 207 | |
| EPS in Rs | 7.93 | 8.46 | 11.04 | 10.44 | 2.76 | 3.67 | 1.87 | 2.53 | 2.90 | 6.61 | 12.93 | 18.36 |
| Dividend Payout % | 15% | 15% | 13% | 14% | 8% | 2% | 5% | 4% | 3% | 1% | 1% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 29% |
| 3 Years: | 41% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 60% |
| 3 Years: | 88% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 55% |
| 3 Years: | 62% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 11% |
| 3 Years: | 14% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
| Reserves | 294 | 371 | 522 | 627 | 638 | 677 | 698 | 725 | 758 | 881 | 1,172 | 1,464 |
| 383 | 468 | 436 | 496 | 523 | 454 | 440 | 568 | 485 | 579 | 711 | 948 | |
| 377 | 341 | 423 | 610 | 481 | 572 | 772 | 784 | 970 | 1,668 | 1,493 | 2,094 | |
| Total Liabilities | 1,064 | 1,190 | 1,391 | 1,744 | 1,653 | 1,713 | 1,919 | 2,087 | 2,223 | 3,138 | 3,387 | 4,518 |
| 351 | 385 | 497 | 521 | 514 | 579 | 657 | 657 | 697 | 749 | 901 | 1,167 | |
| CWIP | 3 | 40 | 14 | 2 | 8 | 11 | 12 | 14 | 7 | 16 | 134 | 273 |
| Investments | 0 | 0 | 0 | 0 | 9 | 10 | 10 | 11 | 11 | 10 | 10 | 10 |
| 709 | 765 | 880 | 1,221 | 1,121 | 1,114 | 1,241 | 1,406 | 1,508 | 2,362 | 2,342 | 3,067 | |
| Total Assets | 1,064 | 1,190 | 1,391 | 1,744 | 1,653 | 1,713 | 1,919 | 2,087 | 2,223 | 3,138 | 3,387 | 4,518 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 174 | 65 | 176 | 80 | 134 | 214 | 180 | 17 | 284 | 199 | 153 | 277 | |
| -32 | -92 | -79 | -42 | -41 | -51 | -100 | -48 | -98 | -187 | -201 | -272 | |
| -116 | 13 | -110 | -39 | -93 | -163 | -81 | 31 | -185 | -12 | 51 | -8 | |
| Net Cash Flow | 26 | -14 | -13 | -1 | -0 | 0 | 0 | 0 | 1 | -0 | 4 | -3 |
| Free Cash Flow | 142 | -32 | 82 | 31 | 94 | 165 | 98 | -23 | 201 | 98 | -83 | -88 |
| CFO/OP | 91% | 49% | 81% | 42% | 89% | 154% | 121% | 11% | 153% | 72% | 42% | 57% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 105 | 91 | 82 | 91 | 96 | 115 | 109 | 93 | 66 | 85 | 55 | 98 |
| Inventory Days | 95 | 96 | 123 | 155 | 154 | 202 | 213 | 251 | 263 | 263 | 152 | 91 |
| Days Payable | 100 | 82 | 97 | 135 | 101 | 154 | 233 | 200 | 169 | 267 | 155 | 147 |
| Cash Conversion Cycle | 99 | 105 | 108 | 111 | 149 | 163 | 89 | 144 | 160 | 81 | 52 | 42 |
| Working Capital Days | 24 | 33 | 48 | 56 | 64 | 55 | 66 | 56 | 59 | 48 | 28 | 43 |
| ROCE % | 31% | 27% | 27% | 25% | 13% | 9% | 9% | 10% | 12% | 20% | 24% | 23% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Jun 2026 (P) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Closing Order Book INR Mn |
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| Engineering Products Installed Capacity MTPA |
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| Polymer Products Installed Capacity MTPA |
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| Polymer Sales Volume MT |
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| Engineering Capacity Utilization % |
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| Polymer Retail Touchpoints Number |
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Extracted by Screener AI
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
3h - Postal ballot on AoA changes and executive director remuneration; voting from 8 May to 6 June 2026.
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Intimation Of ESG Rating Of The Company
1d - ESG Risk Assessments & Insights assigned Skipper an ESG score of 51, risk category Adequate.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Skipper released Q4 FY26 earnings call transcript; FY26 revenue rose 20% to INR5,552.8 crore, PAT up 42%.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
30 Apr - Skipper filed Q4 FY26 rights issue monitoring report; no deviation, funds fully utilized.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Apr
Annual reports
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Financial Year 2025
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Financial Year 2012
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Financial Year 2010
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Concalls
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May 2026Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT REC
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Jan 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018Transcript PPT
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Nov 2015TranscriptAI SummaryPPT
Business Profile[1]
Skipper Ltd manufactures power transmission and distribution structures, telecom towers, and polymer pipes & fittings, serving utilities, telecom operators, and infrastructure projects. The company has a strong domestic presence and exports to over 60 countries, positioning itself as a key player in energy and telecom infrastructure solutions.