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Skipper Overview

Skipper Ltd is an integrated transmission tower manufacturing organisation with angle rolling, tower, accessories and fastener manufacturing, and engineering, procurement and construction (EPC) line construction. The Company's principal merchandise/services encompass engineering merchandise and polyvinyl chloride (PVC) products. The Company operates thru 3 segments: Engineering Products, Infrastructure Projects and Polymer Products. The Engineering Products section consists of towers, angles, highmast poles, swaged poles and scaffoldings. The I...Read More

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Skipper Key Financials

Market Cap ₹5128 Cr.

Stock P/E 34.3

P/B 3.9

Current Price ₹454.2

Book Value ₹ 117.8

Face Value 1

52W High ₹588.3

Dividend Yield 0.02%

52W Low ₹ 300

Skipper Share Price

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Volume
Price

Skipper Quarterly Price

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Skipper Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 772 802 1154 1092 1110 1135 1288 1254 1262 1371
Other Income 2 2 3 3 3 4 9 3 4 2
Total Income 774 804 1157 1095 1113 1139 1297 1257 1266 1372
Total Expenditure 699 725 1045 987 997 1024 1164 1127 1131 1229
Operating Profit 76 79 112 108 116 115 133 130 135 143
Interest 35 39 52 51 55 50 56 53 54 56
Depreciation 13 13 14 15 15 17 17 18 19 22
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -11 0
Profit Before Tax 28 26 46 42 45 48 59 60 52 65
Provision for Tax 9 9 22 11 12 12 15 15 15 15
Profit After Tax 19 18 24 32 34 36 44 45 37 50
Adjustments 1 3 1 1 -1 0 4 1 0 3
Profit After Adjustments 20 20 25 32 33 36 48 45 37 53
Adjusted Earnings Per Share 1.9 1.9 2.4 3.1 3.1 3.2 4.2 4 3.3 4.6

Skipper Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1871 1391 1582 1707 1980 3282 4624 5175
Other Income 1 2 32 23 18 17 23 18
Total Income 1872 1392 1613 1730 1998 3299 4648 5192
Total Expenditure 1689 1251 1464 1558 1800 2970 4175 4651
Operating Profit 183 142 149 172 199 329 472 541
Interest 102 85 74 94 105 155 214 219
Depreciation 38 38 45 48 47 53 63 76
Exceptional Income / Expenses 0 0 0 0 0 0 0 -11
Profit Before Tax 43 18 30 27 50 128 199 236
Provision for Tax 12 -23 9 2 14 47 49 60
Profit After Tax 31 41 21 25 36 82 149 176
Adjustments -0 -0 0 0 0 0 0 8
Profit After Adjustments 31 41 21 25 36 82 149 183
Adjusted Earnings Per Share 3 3.9 2 2.4 3.4 8 13.2 16.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 41% 39% 27% 0%
Operating Profit CAGR 43% 40% 27% 0%
PAT CAGR 82% 81% 29% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% 64% 54% 12%
ROE Average 14% 10% 7% 7%
ROCE Average 24% 19% 15% 14%

Skipper Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 649 687 708 732 767 898 1193
Minority's Interest 0 0 0 0 0 0 0
Borrowings 164 157 256 212 192 301 232
Other Non-Current Liabilities 63 42 52 56 159 190 158
Total Current Liabilities 778 827 903 1084 1105 1756 1815
Total Liabilities 1653 1713 1919 2084 2223 3145 3397
Fixed Assets 514 579 657 657 697 749 901
Other Non-Current Assets 20 83 46 42 71 73 208
Total Current Assets 1118 1051 1216 1385 1455 2323 2289
Total Assets 1653 1713 1919 2084 2223 3145 3397

Skipper Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 1 1 2 2
Cash Flow from Operating Activities 134 215 180 17 284 199 153
Cash Flow from Investing Activities -41 -51 -100 -48 -98 -187 -201
Cash Flow from Financing Activities -93 -163 -81 31 -185 -12 51
Net Cash Inflow / Outflow -0 0 0 0 1 -0 4
Closing Cash & Cash Equivalent 1 1 1 1 2 2 6

Skipper Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.97 3.92 2.04 2.39 3.38 7.95 13.24
CEPS(Rs) 6.57 7.57 6.31 7.01 7.83 13.07 18.85
DPS(Rs) 0.25 0.1 0.1 0.1 0.1 0.1 0.1
Book NAV/Share(Rs) 61.71 65.39 67.34 69.65 73.01 87.4 105.75
Core EBITDA Margin(%) 9.71 9.95 7.36 8.66 9.03 9.42 9.65
EBIT Margin(%) 7.75 7.38 6.52 6.99 7.74 8.54 8.87
Pre Tax Margin(%) 2.3 1.3 1.89 1.56 2.5 3.87 4.27
PAT Margin (%) 1.67 2.96 1.32 1.46 1.78 2.46 3.21
Cash Profit Margin (%) 3.69 5.67 4.16 4.27 4.11 4.04 4.57
ROA(%) 1.89 2.47 1.16 1.26 1.65 3.04 4.57
ROE(%) 4.81 6.21 3.02 3.49 4.74 9.81 14.29
ROCE(%) 12.38 8.96 9.09 9.85 12.14 20.8 24.49
Receivable days 96.43 121.21 104.19 95.95 72.47 61.96 57.58
Inventory Days 104.33 133.52 125.25 146.92 154.97 116.41 94.19
Payable days 101.46 149.04 182.98 204.57 111.38 74.55 83.82
PER(x) 24.8 4.72 29.05 22.25 27.81 40.73 33.11
Price/Book(x) 1.19 0.28 0.88 0.76 1.29 3.71 4.14
Dividend Yield(%) 0.33 0.53 0.16 0.18 0.1 0.03 0.02
EV/Net Sales(x) 0.69 0.46 0.65 0.64 0.73 1.15 1.19
EV/Core EBITDA(x) 7.03 4.48 6.93 6.31 7.25 11.45 11.7
Net Sales Growth(%) 0 -25.68 13.74 7.94 16.01 65.73 40.9
EBIT Growth(%) 0 -28.59 0.38 15.79 28.59 83.09 45.54
PAT Growth(%) 0 32.93 -49.19 19.28 41.43 129.62 82.88
EPS Growth(%) 0 32.24 -48.04 17.32 41.43 135.07 66.42
Debt/Equity(x) 0.81 0.66 0.62 0.77 0.63 0.64 0.59
Current Ratio(x) 1.44 1.27 1.35 1.28 1.32 1.32 1.26
Quick Ratio(x) 0.75 0.68 0.68 0.55 0.49 0.64 0.6
Interest Cover(x) 1.42 1.21 1.41 1.29 1.48 1.83 1.93
Total Debt/Mcap(x) 0.68 2.33 0.7 1.01 0.49 0.16 0.14

Skipper Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 71.89 66.47 66.48 66.48 66.48 66.48 66.48 66.48 66.48 66.5
FII 7.39 4.6 3.63 4.39 4.82 5.13 5.42 6.55 6.37 6.07
DII 0.15 0.2 0.24 0.24 0.48 0.31 0.25 0.49 0.79 1.66
Public 20.57 28.73 29.65 28.89 28.22 28.08 27.85 26.48 26.36 25.77
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Skipper News

Skipper Pros & Cons

Pros

  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 74.55 to 83.82days.
  • Stock is trading at 3.9 times its book value.
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