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 25.0
- Book Value ₹ 132
- Dividend Yield 0.02 %
- ROCE 23.3 %
- ROE 16.5 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 60.4% CAGR over last 5 years
Cons
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 1,871 | 1,391 | 1,582 | 1,707 | 1,980 | 3,282 | 4,624 | 5,553 | |
| 1,689 | 1,251 | 1,436 | 1,542 | 1,787 | 2,961 | 4,170 | 4,980 | |
| Operating Profit | 182 | 140 | 145 | 165 | 193 | 321 | 455 | 573 |
| OPM % | 10% | 10% | 9% | 10% | 10% | 10% | 10% | 10% |
| 1 | 2 | 4 | 4 | 8 | 15 | 21 | 6 | |
| Interest | 102 | 85 | 74 | 94 | 105 | 155 | 214 | 217 |
| Depreciation | 38 | 38 | 45 | 48 | 47 | 53 | 63 | 80 |
| Profit before tax | 43 | 18 | 30 | 27 | 50 | 128 | 199 | 281 |
| Tax % | 27% | -129% | 30% | 6% | 29% | 36% | 25% | 24% |
| 31 | 41 | 21 | 25 | 36 | 82 | 149 | 213 | |
| EPS in Rs | 2.76 | 3.65 | 1.90 | 2.23 | 3.15 | 7.23 | 13.24 | 18.87 |
| Dividend Payout % | 8% | 2% | 5% | 4% | 3% | 1% | 1% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 41% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 84% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 55% |
| 3 Years: | 62% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 14% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
| Reserves | 638 | 677 | 698 | 722 | 757 | 887 | 1,182 | 1,480 |
| 523 | 454 | 448 | 575 | 494 | 592 | 740 | 948 | |
| 481 | 572 | 763 | 777 | 961 | 1,655 | 1,465 | 2,094 | |
| Total Liabilities | 1,653 | 1,713 | 1,919 | 2,084 | 2,223 | 3,145 | 3,397 | 4,533 |
| 514 | 579 | 657 | 657 | 697 | 749 | 901 | 1,167 | |
| CWIP | 8 | 11 | 12 | 14 | 7 | 16 | 134 | 273 |
| Investments | 9 | 9 | 10 | 7 | 10 | 17 | 20 | 26 |
| 1,121 | 1,114 | 1,241 | 1,406 | 1,508 | 2,362 | 2,342 | 3,067 | |
| Total Assets | 1,653 | 1,713 | 1,919 | 2,084 | 2,223 | 3,145 | 3,397 | 4,533 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 134 | 214 | 180 | 17 | 284 | 199 | 153 | 277 | |
| -41 | -51 | -100 | -48 | -98 | -187 | -201 | -272 | |
| -93 | -163 | -81 | 31 | -185 | -12 | 51 | -8 | |
| Net Cash Flow | -0 | 0 | 0 | 0 | 1 | -0 | 4 | -3 |
| Free Cash Flow | 94 | 165 | 98 | -23 | 201 | 98 | -83 | -88 |
| CFO/OP | 89% | 154% | 121% | 11% | 153% | 72% | 42% | 57% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 115 | 109 | 93 | 66 | 85 | 55 | 98 |
| Inventory Days | 154 | 202 | 213 | 251 | 263 | 263 | 152 | 109 |
| Days Payable | 101 | 154 | 233 | 200 | 169 | 267 | 155 | 176 |
| Cash Conversion Cycle | 149 | 163 | 89 | 144 | 160 | 81 | 52 | 30 |
| Working Capital Days | 64 | 55 | 66 | 56 | 59 | 48 | 28 | 43 |
| ROCE % | 9% | 9% | 10% | 12% | 21% | 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 ・Standalone data |
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| Engineering Products Installed Capacity MTPA ・Standalone data |
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| Polymer Products Installed Capacity MTPA ・Standalone data |
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| Polymer Sales Volume MT ・Standalone data |
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| Engineering Capacity Utilization % ・Standalone data |
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| Polymer Retail Touchpoints Number ・Standalone data |
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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 2024
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Financial Year 2023
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Financial Year 2022
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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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Concalls
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May 2026Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Oct 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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May 2016TranscriptPPT
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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.