Skipper Ltd logo

Skipper Ltd

SKIPPER NSE

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods
Market Cap
₹5,999 Cr
Volatility
Moderate
P/E Ratio
27.76
EBITDA
₹562 Cr
Return on Equity
12.52%
Debt to Equity
0.64
Book Value
₹132.03
EPS
₹9.53
52W High
₹593
52W Low
₹327.05

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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47 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 60.1% CAGR over last 5 years

Weaknesses

4
  • Promoter holding has decreased over last quarter: -5.02%
  • Company has a low return on equity of 13.7% over last 3 years.
  • Debtor days have increased from 79.4 to 97.6 days.
  • Company's cost of borrowing seems high

Growth Rate

Revenue Growth
19.57% ↗
Net Income Growth
57.87% ↗
Cash Flow Change
-23.04% ↘
ROE
37.58% ↗
ROCE
27.76% ↗
EBITDA Margin (Avg.)
-0.59% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk medium

Skipper Ltd is a mid-cap industrial company with a market cap of ₹6,544 Cr trading at a PE of 30.5x. The company has demonstrated strong profit growth (60% CAGR over 5 years) and accelerating sales (41% CAGR over 3 years), but faces concerns around rising debtor days, declining promoter holding, and a relatively modest return on equity of 13.7% over 3 years.

Bull Case 7
  • Exceptional profit growth with 60% CAGR over 5 years and 88% CAGR over 3 years, indicating strong operating leverage
  • Compounded sales growth of 41% over 3 years and 20% TTM shows sustained top-line momentum
  • ROE has improved from 11% (5-year average) to 16% last year, showing improving capital efficiency
  • TTM profit growth of 46% outpaces TTM sales growth of 20%, indicating margin expansion
  • 10-year sales CAGR of 14% demonstrates long-term business durability through economic cycles
  • Stock CAGR of 54% over 3 years reflects market recognition of improving fundamentals
  • 5-year stock CAGR of 47% significantly outpaces the 5-year sales CAGR of 29%, suggesting re-rating driven by profit acceleration
Bear Case 8
  • Debtor days have increased from 79.4 to 97.6 days, signaling potential working capital stress and slower collections
  • Promoter holding has decreased by 5.39% over last 3 years, which may indicate reduced promoter confidence or dilution
  • 3-year average ROE of only 13.7% is modest for a company trading at 4.36x price-to-book
  • PE ratio of 30.5x is elevated for an industrial company, leaving limited margin of safety if growth slows
  • Company's cost of borrowing is reportedly high, which can compress net margins in a rising rate environment
  • Dividend yield of just 0.02% offers negligible income return to shareholders
  • 10-year profit CAGR of only 8% versus recent 88% 3-year CAGR suggests the high growth is a recent phenomenon and may not be sustainable long-term
  • Price-to-book of 4.36x paired with last year ROE of 16% implies a PEG-like premium that demands continued high growth to justify valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Headwinds 1
  • GST appeal on ₹10.21Cr demand Jun 10

    Assistant Commissioner has appealed a previously dropped ₹10.21 crore tax demand under the GST Act. Skipper plans to file an objection, creating regulatory uncertainty.

Positives 2
  • Export share target 50% by FY30 Jun 24

    Skipper aims to increase export revenue share to 50% over the next 3-4 years, signaling a significant strategic shift toward international markets.

  • EGM approves preferential share issue Jun 26

    Shareholders approved issuance of equity shares on a preferential basis via special resolution at the EGM held June 26, 2026, enabling capital raise for growth.

Neutral 2
  • Ventex acquires 4.24L shares Jun 30

    Ventex Trade Private Limited acquired 4,24,627 shares in Skipper via inter-se transfer on June 29, 2026. This is a promoter group reshuffling with no change in overall holding.

  • Management at Systematix forum Jun 11

    Skipper management attended the Systematix Promoters & Founders Forum 2026 on June 16 in Mumbai for investor engagement.

TL;DR: Skipper is positioning for growth through a preferential share issue and an ambitious target to raise exports to 50% of revenue in 3-4 years, reflecting confidence in its international competitiveness. The key risk is a revived ₹10.21 crore GST demand that adds near-term regulatory overhang. Overall, the strategic direction is improving with a clear tilt toward global expansion, though execution on export targets remains to be seen.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
555
772
802
1,154
1,092
1,110
1,135
1,288
1,254
1,262
1,371
1,667
1,310
Expenses
494
699
725
1,045
987
997
1,024
1,164
1,127
1,131
1,229
1,493
1,170
Operating Profit
60
74
77
109
105
112
111
124
127
131
141
173
140
OPM %
11%
10%
10%
9%
10%
10%
10%
10%
10%
10%
10%
10%
11%
Other Income
1
2
2
3
3
3
4
9
3
-7
2
2
4
Interest
28
35
39
52
51
55
50
56
53
54
56
54
47
Depreciation
12
13
13
14
15
15
17
17
18
19
22
22
22
PBT
21
28
26
46
42
45
48
59
60
52
65
99
76
Tax %
33%
32%
33%
48%
25%
25%
26%
25%
25%
28%
23%
24%
25%
Net Profit
14
19
18
24
32
34
36
44
45
37
50
76
56
EPS in Rs
1.24
1.68
1.57
2.12
2.8
3.01
3.19
3.93
3.96
3.27
4.44
6.69
5
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,310
1,501
1,665
2,074
1,871
1,391
1,582
1,707
1,980
3,282
4,624
5,553
5,609
Expenses
1,082
1,273
1,392
1,769
1,689
1,251
1,436
1,539
1,787
2,961
4,170
4,980
5,023
Operating Profit
228
227
273
305
182
140
145
168
193
321
455
573
586
OPM %
17%
15%
16%
15%
10%
10%
9%
10%
10%
10%
10%
10%
10%
Other Income
1
5
3
1
1
2
4
4
5
8
18
0
1
Interest
70
65
68
79
102
85
74
94
105
155
214
217
211
Depreciation
22
24
32
46
38
38
45
48
47
53
63
80
84
PBT
137
143
177
180
43
18
30
30
47
122
195
276
292
Tax %
35%
34%
30%
35%
27%
-128%
30%
6%
31%
39%
25%
25%
—
Net Profit
89
95
124
118
31
41
21
29
33
75
146
207
219
EPS in Rs
7.93
8.46
11.04
10.44
2.76
3.67
1.87
2.53
2.9
6.61
12.93
18.36
19.4
Div. Payout %
15%
15%
13%
14%
8%
2%
5%
4%
3%
1%
1%
1%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
10
10
10
10
10
10
11
11
11
Reserves
294
371
522
627
638
677
698
725
758
881
1,172
1,464
Borrowings
383
468
436
496
523
454
440
568
485
579
711
948
Other Liabilities
377
341
423
610
481
572
772
784
970
1,668
1,493
2,094
Total Liabilities
1,064
1,190
1,391
1,744
1,653
1,713
1,919
2,087
2,223
3,138
3,387
4,518
Fixed Assets
351
385
497
521
514
579
657
657
697
749
901
1,167
CWIP
3
40
14
2
8
11
12
14
7
16
134
273
Investments
0
0
0
0
9
10
10
11
11
10
10
10
Other Assets
709
765
880
1,221
1,121
1,114
1,241
1,406
1,508
2,362
2,342
3,067
Total Assets
1,064
1,190
1,391
1,744
1,653
1,713
1,919
2,087
2,223
3,138
3,387
4,518
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
174
65
176
80
134
214
180
17
284
199
153
277
Investing
-32
-92
-79
-42
-41
-51
-100
-48
-98
-187
-201
-272
Financing
-116
13
-110
-39
-93
-163
-81
31
-185
-12
51
-8
Net Cash Flow
26
-14
-13
-1
0
0
0
0
1
0
4
-3
Free Cash Flow
142
-32
82
31
94
165
98
-23
201
98
-83
-88
CFO/OP
91
49
81
42
89
154
121
11
153
72
42
57
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
105
91
82
91
96
115
109
93
66
85
55
98
Inventory Days
95
96
123
155
154
202
213
251
263
263
152
91
Days Payable
100
82
97
135
101
154
233
200
169
267
155
147
Cash Conversion Cycle
99
105
108
111
149
163
89
144
160
81
52
42
Working Capital Days
24
33
48
56
64
55
66
56
59
48
28
43
ROCE %
31%
27%
27%
25%
13%
9%
9%
10%
12%
20%
24%
23%

Shareholding Pattern

As of Jul 2026
Promoters 61.48%
Public 15.86%
FIIs 10.65%
Others 9.78%
DIIs 2.23%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024Mar 2024Jun 2024Sep 2024Nov 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters
71.89%
71.89%
71.89%
71.89%
71.89%
71.89%
71.89%
71.89%
71.89%
71.89%
71.89%
71.89%
66.26%
66.47%
66.48%
66.48%
66.48%
66.48%
66.48%
66.48%
66.48%
66.48%
66.50%
66.50%
61.48%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8.09%
7.39%
0.00%
4.60%
3.63%
4.39%
4.46%
4.82%
5.13%
5.42%
6.55%
6.37%
6.07%
4.11%
10.65%
DIIs
1.85%
0.46%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.11%
0.28%
0.15%
0.15%
0.00%
0.21%
0.24%
0.24%
0.27%
0.48%
0.31%
0.25%
0.49%
0.80%
1.66%
1.92%
2.23%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.77%
11.19%
12.12%
12.25%
12.44%
13.28%
12.95%
10.95%
11.06%
11.60%
13.89%
14.74%
15.13%
17.32%
18.10%
17.88%
18.40%
18.75%
18.69%
18.81%
17.49%
16.64%
16.18%
16.95%
15.86%
Others
15.49%
16.46%
15.99%
15.86%
15.67%
14.83%
15.16%
17.16%
16.93%
16.22%
5.97%
5.83%
18.61%
11.39%
11.55%
11.02%
10.39%
9.48%
9.39%
9.03%
8.99%
9.71%
9.59%
10.52%
9.78%
No. of Shareholders
18,500
26,509
31,155
29,965
29,476
29,643
29,184
24,528
25,118
26,132
38,425
44,633
49,711
59,503
63,082
70,015
84,786
90,627
95,774
1,00,471
96,923
91,160
86,431
87,064
88,286

Documents

Frequently Asked Questions about Skipper Ltd

What does Skipper Ltd do?
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]
Where is Skipper Ltd (SKIPPER) listed?
Skipper Ltd is listed on the Indian stock exchanges. It is listed on NSE: SKIPPER and BSE: 538562. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Skipper Ltd belong to?
Skipper Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Skipper Ltd?
Skipper Ltd has a market capitalisation of approximately ₹5998.59 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Skipper Ltd?
The Price-to-Earnings (PE) ratio of Skipper Ltd is 27.76. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Skipper Ltd?
Over the past 52 weeks, Skipper Ltd has traded between a low of ₹327.05 and a high of ₹593. This range helps investors understand the stock's price volatility and recent trading levels.
Does Skipper Ltd pay dividends?
Yes, Skipper Ltd has a dividend yield of 0.02%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Skipper Ltd?
Skipper Ltd has a Return on Equity (ROE) of 12.52%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Skipper Ltd on Tapetide?
On Tapetide, you can view Skipper Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website skipperlimited.com
CEO Mr. Sajan Kumar Bansal
Employees 3,567
Listed 2014-07-18
Face Value ₹ 1
Issued Size 11,29,03,970

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