Skipper Ltd

Skipper Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Skipper Ltd

₹ 500 1.66%
18 Nov 3:17 p.m.
skipperlimited.com BSE: 538562 NSE: SKIPPER
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 5,646 Cr.
  • Current Price ₹ 500
  • High / Low ₹ 665 / 342
  • Stock P/E 32.6
  • Book Value ₹ 113
  • Dividend Yield 0.02 %
  • ROCE 24.2 %
  • ROE 14.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 30.0% CAGR over last 5 years
  • Company's working capital requirements have reduced from 44.9 days to 27.9 days

Cons

  • Company has a low return on equity of 10.2% 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

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
462 445 657 555 772 802 1,154 1,092 1,110 1,135 1,288 1,254 1,262
424 400 586 494 699 725 1,045 987 998 1,024 1,164 1,127 1,131
Operating Profit 38 45 72 60 74 77 109 105 111 111 124 127 131
OPM % 8% 10% 11% 11% 10% 10% 9% 10% 10% 10% 10% 10% 10%
1 4 5 4 3 5 4 4 3 4 13 4 -6
Interest 23 26 32 28 35 39 52 51 55 50 56 53 54
Depreciation 11 11 11 12 13 13 14 15 15 17 17 18 19
Profit before tax 6 12 33 23 29 29 48 43 44 48 63 60 52
Tax % 46% 20% 28% 30% 31% 30% 47% 25% 26% 25% 24% 25% 28%
3 10 24 16 20 20 25 32 33 36 48 45 37
EPS in Rs 0.26 0.84 2.10 1.44 1.75 1.81 2.23 2.87 2.92 3.21 4.25 4.01 3.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,871 1,391 1,582 1,707 1,980 3,282 4,624 4,939
1,689 1,251 1,436 1,542 1,787 2,961 4,170 4,446
Operating Profit 182 140 145 165 193 321 455 492
OPM % 10% 10% 9% 10% 10% 10% 10% 10%
1 2 4 4 8 15 21 14
Interest 102 85 74 94 105 155 214 213
Depreciation 38 38 45 48 47 53 63 71
Profit before tax 43 18 30 27 50 128 199 223
Tax % 27% -129% 30% 6% 29% 36% 25%
31 41 21 25 36 82 149 166
EPS in Rs 2.76 3.65 1.90 2.23 3.15 7.23 13.24 14.75
Dividend Payout % 8% 2% 5% 4% 3% 1% 1%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 39%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 82%
TTM: 57%
Stock Price CAGR
10 Years: 12%
5 Years: 57%
3 Years: 92%
1 Year: -7%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 10%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 10 10 10 10 10 11 11 11
Reserves 638 677 698 722 757 887 1,182 1,269
523 454 448 575 494 592 740 801
481 572 763 777 961 1,655 1,465 1,940
Total Liabilities 1,653 1,713 1,919 2,084 2,223 3,145 3,397 4,021
514 579 657 657 697 749 901 1,003
CWIP 8 11 12 14 7 16 134 189
Investments 9 9 10 7 10 17 20 21
1,121 1,114 1,241 1,406 1,508 2,362 2,342 2,808
Total Assets 1,653 1,713 1,919 2,084 2,223 3,145 3,397 4,021

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
134 214 180 17 284 199 153
-41 -51 -100 -48 -98 -187 -201
-93 -163 -81 31 -185 -12 51
Net Cash Flow -0 0 0 0 1 -0 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 96 115 109 93 66 85 55
Inventory Days 154 202 213 251 263 263 152
Days Payable 101 154 233 200 169 267 155
Cash Conversion Cycle 149 163 89 144 160 81 52
Working Capital Days 64 55 66 56 59 48 28
ROCE % 9% 9% 10% 12% 21% 24%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
71.89% 71.89% 71.89% 71.89% 71.89% 66.47% 66.48% 66.48% 66.48% 66.48% 66.48% 66.48%
9.62% 9.51% 9.93% 8.09% 7.40% 4.60% 3.64% 4.39% 4.82% 5.13% 5.42% 6.55%
0.00% 0.11% 0.28% 0.15% 0.15% 0.20% 0.24% 0.24% 0.48% 0.30% 0.25% 0.49%
18.50% 18.48% 17.89% 19.85% 20.57% 28.72% 29.65% 28.89% 28.23% 28.08% 27.84% 26.48%
No. of Shareholders 24,52825,11826,13238,42544,63359,50363,08270,01590,62795,7741,00,29496,923

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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