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 ₹ 3,420 Cr.
- Current Price ₹ 316
- High / Low ₹ 401 / 97.9
- Stock P/E 47.7
- Book Value ₹ 70.9
- Dividend Yield 0.03 %
- ROCE 11.9 %
- ROE 4.33 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 89.4 to 66.4 days.
Cons
- Stock is trading at 4.53 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.42%
- The company has delivered a poor sales growth of -0.92% over past five years.
- Company has a low return on equity of 3.76% over last 3 years.
- Dividend payout has been low at 3.87% of profits over last 3 years
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
762 | 898 | 1,039 | 1,310 | 1,501 | 1,665 | 2,074 | 1,871 | 1,391 | 1,582 | 1,707 | 1,980 | 2,786 | |
700 | 808 | 920 | 1,082 | 1,273 | 1,392 | 1,769 | 1,689 | 1,251 | 1,436 | 1,539 | 1,787 | 2,503 | |
Operating Profit | 62 | 90 | 118 | 228 | 227 | 273 | 305 | 182 | 140 | 145 | 168 | 193 | 282 |
OPM % | 8% | 10% | 11% | 17% | 15% | 16% | 15% | 10% | 10% | 9% | 10% | 10% | 10% |
1 | 1 | 2 | 1 | 5 | 3 | 1 | 1 | 2 | 4 | 4 | 5 | 7 | |
Interest | 37 | 51 | 69 | 70 | 65 | 68 | 79 | 102 | 85 | 74 | 94 | 105 | 134 |
Depreciation | 12 | 13 | 15 | 22 | 24 | 32 | 46 | 38 | 38 | 45 | 48 | 47 | 50 |
Profit before tax | 15 | 28 | 37 | 137 | 143 | 177 | 180 | 43 | 18 | 30 | 30 | 47 | 105 |
Tax % | 32% | 33% | 27% | 35% | 34% | 30% | 35% | 27% | -128% | 30% | 6% | 31% | |
10 | 19 | 27 | 89 | 95 | 124 | 118 | 31 | 41 | 21 | 29 | 33 | 72 | |
EPS in Rs | 12.84 | 1.75 | 2.39 | 7.93 | 8.46 | 11.04 | 10.44 | 2.76 | 3.67 | 1.87 | 2.53 | 2.90 | 6.34 |
Dividend Payout % | 7% | 5% | 6% | 15% | 15% | 13% | 14% | 8% | 2% | 5% | 4% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | -1% |
3 Years: | 13% |
TTM: | 49% |
Compounded Profit Growth | |
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10 Years: | 6% |
5 Years: | -23% |
3 Years: | -7% |
TTM: | 94% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 83% |
1 Year: | 219% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 127 | 196 | 221 | 294 | 371 | 522 | 627 | 638 | 677 | 698 | 725 | 758 | 790 |
Preference Capital | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
299 | 424 | 440 | 383 | 468 | 436 | 496 | 523 | 454 | 440 | 568 | 485 | 730 | |
235 | 156 | 211 | 377 | 341 | 423 | 610 | 481 | 572 | 772 | 784 | 970 | 1,202 | |
Total Liabilities | 669 | 787 | 882 | 1,064 | 1,190 | 1,391 | 1,744 | 1,653 | 1,713 | 1,919 | 2,087 | 2,223 | 2,732 |
283 | 326 | 339 | 351 | 385 | 497 | 521 | 514 | 579 | 657 | 657 | 697 | 726 | |
CWIP | 2 | 4 | 8 | 3 | 40 | 14 | 2 | 8 | 11 | 12 | 14 | 7 | 22 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 10 | 10 | 11 | 11 | 11 |
385 | 457 | 535 | 709 | 765 | 880 | 1,221 | 1,121 | 1,114 | 1,241 | 1,406 | 1,508 | 1,973 | |
Total Assets | 669 | 787 | 882 | 1,064 | 1,190 | 1,391 | 1,744 | 1,653 | 1,713 | 1,919 | 2,087 | 2,223 | 2,732 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | -62 | 101 | 174 | 65 | 176 | 80 | 134 | 214 | 180 | 17 | 284 | |
-55 | -56 | -32 | -32 | -92 | -79 | -42 | -41 | -51 | -100 | -48 | -98 | |
-22 | 122 | -79 | -116 | 13 | -110 | -39 | -93 | -163 | -81 | 31 | -185 | |
Net Cash Flow | 2 | 4 | -10 | 26 | -14 | -13 | -1 | -0 | 0 | 0 | 0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 69 | 63 | 81 | 105 | 91 | 82 | 91 | 96 | 115 | 109 | 93 | 66 |
Inventory Days | 110 | 127 | 110 | 95 | 96 | 123 | 155 | 154 | 202 | 213 | 251 | 263 |
Days Payable | 73 | 62 | 75 | 100 | 82 | 97 | 135 | 101 | 154 | 233 | 200 | 169 |
Cash Conversion Cycle | 107 | 128 | 116 | 99 | 105 | 108 | 111 | 149 | 163 | 89 | 144 | 160 |
Working Capital Days | 87 | 114 | 100 | 72 | 94 | 101 | 108 | 126 | 124 | 109 | 132 | 113 |
ROCE % | 11% | 14% | 16% | 31% | 27% | 27% | 25% | 13% | 9% | 9% | 10% | 12% |
Documents
Announcements
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Resignation Of Senior Management Personnel
1d - Mr. Abhishek Goel, Vice President-Pole(Production) Senior Management Personnel of the Company has resigned w.e.f. the closure of working hours on 16th April, 2024.
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Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015
10 Apr - Certificate signed by the Registrar and Share Transfer agent and the compliance officer of the Company for the period of 1st April, 2023, to 31st …
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Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
10 Apr - Certificate issued under Regulation 40(9) of SEBI (LODR) Regulations, 2015 for the year ended 31st March, 2024.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018, for the quarter ended 31st March, 2024.
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Clarification On Price Movement
28 Mar - Company has made all the required disclosures pursuant to regulation 30 of SEBI (LODR) Regulations, 2015 from time to time. Presently there is no further …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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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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Financial Year 2007
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Concalls
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Jan 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Sep 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018Transcript PPT
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Dec 2017Transcript PPT
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Sep 2017Transcript PPT
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May 2017Transcript PPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016Transcript PPT
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Aug 2016TranscriptNotesPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptNotesPPT
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Nov 2015TranscriptNotesPPT
Market Leadership
Skipper is the market leader in the manufacture of T&D structures and distribution poles. It is positioned among the 10 largest global T&D structure manufacturers. [1] It is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC. [2]