Skipper Ltd

AI

Skipper Ltd

₹ 496 0.87%
02 Nov 12:08 p.m.
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 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.

  • Market Cap ₹ 6,059 Cr.
  • Current Price ₹ 496
  • High / Low ₹ 617 / 300
  • Stock P/E 24.7
  • Book Value ₹ 159
  • Dividend Yield 0.02 %
  • ROCE 23.6 %
  • ROE 16.6 %
  • Face Value ₹ 1.00

Pros

  • Company has delivered good profit growth of 60.6% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -5.02%
  • Debtor days have increased from 79.4 to 97.6 days.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
772 802 1,154 1,092 1,110 1,135 1,288 1,254 1,262 1,371 1,667 1,310 1,384
699 725 1,045 987 998 1,024 1,164 1,127 1,131 1,229 1,493 1,170 1,239
Operating Profit 74 77 109 105 111 111 124 127 131 141 173 140 145
OPM % 10% 10% 9% 10% 10% 10% 10% 10% 10% 10% 10% 11% 10%
3 5 4 4 3 4 13 4 -6 4 4 5 2
Interest 35 39 52 51 55 50 56 53 54 56 54 47 44
Depreciation 13 13 14 15 15 17 17 18 19 22 22 22 25
Profit before tax 29 29 48 43 44 48 63 60 52 68 101 76 78
Tax % 31% 30% 47% 25% 26% 25% 24% 25% 28% 22% 23% 25% 26%
20 20 25 32 33 36 48 45 37 53 78 57 58
EPS in Rs 1.75 1.81 2.23 2.87 2.92 3.21 4.25 4.01 3.28 4.68 6.91 5.03 4.75
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 Mar 2026 TTM
1,871 1,391 1,582 1,707 1,980 3,282 4,624 5,553 5,731
1,689 1,251 1,436 1,542 1,787 2,961 4,170 4,978 5,131
Operating Profit 182 140 145 165 193 321 455 575 600
OPM % 10% 10% 9% 10% 10% 10% 10% 10% 10%
1 2 4 4 8 15 21 4 15
Interest 102 85 74 94 105 155 214 218 201
Depreciation 38 38 45 48 47 53 63 80 90
Profit before tax 43 18 30 27 50 128 199 281 324
Tax % 27% -129% 30% 6% 29% 36% 25% 24%
31 41 21 25 36 82 149 213 246
EPS in Rs 2.76 3.65 1.90 2.23 3.15 7.23 13.24 18.87 21.37
Dividend Payout % 8% 2% 5% 4% 3% 1% 1% 1%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 41%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 61%
3 Years: 85%
TTM: 41%
Stock Price CAGR
10 Years: 14%
5 Years: 47%
3 Years: 29%
1 Year: -6%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 14%
Last Year: 17%

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 Sep 2026
Equity Capital 10 10 10 10 10 11 11 11 12
Reserves 638 677 698 722 757 887 1,182 1,480 1,931
523 454 448 575 494 592 711 931 757
481 572 763 777 961 1,655 1,493 2,111 1,933
Total Liabilities 1,653 1,713 1,919 2,084 2,223 3,145 3,397 4,533 4,633
514 579 657 657 697 749 901 1,167 1,317
CWIP 8 11 12 14 7 16 134 273 304
Investments 9 9 10 7 10 17 20 26 27
1,121 1,114 1,241 1,406 1,508 2,362 2,342 3,067 2,985
Total Assets 1,653 1,713 1,919 2,084 2,223 3,145 3,397 4,533 4,633

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 89% 154% 121% 11% 153% 72% 42% 56%

Ratios

Consolidated / 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% 24%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Order Book
Rs mn ・Standalone data

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Engineering Capacity (T&D structures)
MTPA ・Standalone data
Polymer Capacity (Pipes & Fittings)
MTPA ・Standalone data
Polymer Retail Touchpoints
count ・Standalone data
Order Inflow
Rs mn ・Standalone data
Engineering Capacity Utilization
% ・Standalone data
Polymer Sales Volume
MT ・Standalone data
EHV/HVDC Transmission Lines Under Execution
circuit km ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
71.89% 66.47% 66.48% 66.48% 66.48% 66.48% 66.48% 66.48% 66.48% 66.50% 66.50% 61.48%
7.40% 4.60% 3.64% 4.39% 4.82% 5.13% 5.42% 6.55% 6.37% 6.07% 4.11% 10.31%
0.15% 0.20% 0.24% 0.24% 0.48% 0.30% 0.25% 0.49% 0.80% 1.66% 1.92% 2.41%
20.57% 28.72% 29.65% 28.89% 28.23% 28.08% 27.84% 26.48% 26.35% 25.77% 27.47% 25.81%
No. of Shareholders 44,63359,50363,08270,01590,62795,7741,00,29496,92391,16086,43187,06485,745

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls