Skipper Ltd

Skipper Ltd

₹ 532 0.07%
22 Nov - close price
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

Market Leadership
Skipper is the market leader in the manufacture of T&D structures and distribution poles. It is positioned among the 10 largest global T&D structure manufacturers. [1] It is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC. [2]

  • Market Cap 5,459 Cr.
  • Current Price 532
  • High / Low 619 / 207
  • Stock P/E 50.9
  • Book Value 84.6
  • Dividend Yield 0.02 %
  • ROCE 20.3 %
  • ROE 9.02 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.7% CAGR over last 5 years
  • Company's working capital requirements have reduced from 108 days to 78.9 days

Cons

  • Stock is trading at 6.29 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.90% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
400 553 416 462 445 657 555 772 802 1,154 1,092 1,110
353 491 380 422 400 586 494 699 725 1,045 987 997
Operating Profit 48 62 36 40 45 72 60 74 77 109 105 112
OPM % 12% 11% 9% 9% 10% 11% 11% 10% 10% 9% 10% 10%
1 1 1 1 1 2 1 2 2 3 3 3
Interest 23 25 24 23 26 32 28 35 39 52 51 55
Depreciation 12 12 13 11 11 11 12 13 13 14 15 15
Profit before tax 14 25 0 7 9 30 21 28 26 46 42 45
Tax % 38% -0% 36% 36% 25% 31% 33% 32% 33% 48% 25% 25%
8 25 0 5 7 21 14 19 18 24 32 34
EPS in Rs 0.75 2.23 0.02 0.40 0.63 1.85 1.24 1.68 1.57 2.12 2.80 3.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
898 1,039 1,310 1,501 1,665 2,074 1,871 1,391 1,582 1,707 1,980 3,282 4,157
808 920 1,082 1,273 1,392 1,769 1,689 1,251 1,436 1,539 1,787 2,961 3,754
Operating Profit 90 118 228 227 273 305 182 140 145 168 193 321 403
OPM % 10% 11% 17% 15% 16% 15% 10% 10% 9% 10% 10% 10% 10%
1 2 1 5 3 1 1 2 4 4 5 8 12
Interest 51 69 70 65 68 79 102 85 74 94 105 155 198
Depreciation 13 15 22 24 32 46 38 38 45 48 47 53 57
Profit before tax 28 37 137 143 177 180 43 18 30 30 47 122 160
Tax % 33% 27% 35% 34% 30% 35% 27% -128% 30% 6% 31% 39%
19 27 89 95 124 118 31 41 21 29 33 75 107
EPS in Rs 1.75 2.39 7.93 8.46 11.04 10.44 2.76 3.67 1.87 2.53 2.90 6.61 9.50
Dividend Payout % 5% 6% 15% 15% 13% 14% 8% 2% 5% 4% 3% 1%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 28%
TTM: 71%
Compounded Profit Growth
10 Years: 11%
5 Years: 19%
3 Years: 54%
TTM: 76%
Stock Price CAGR
10 Years: 19%
5 Years: 59%
3 Years: 95%
1 Year: 112%
Return on Equity
10 Years: 11%
5 Years: 5%
3 Years: 6%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 11 11
Reserves 196 221 294 371 522 627 638 677 698 725 758 881 944
424 440 383 468 436 496 523 454 440 568 485 579 763
156 211 377 341 423 610 481 572 772 784 970 1,668 1,691
Total Liabilities 787 882 1,064 1,190 1,391 1,744 1,653 1,713 1,919 2,087 2,223 3,138 3,409
326 339 351 385 497 521 514 579 657 657 697 749 783
CWIP 4 8 3 40 14 2 8 11 12 14 7 16 27
Investments 0 0 0 0 0 0 9 10 10 11 11 10 10
457 535 709 765 880 1,221 1,121 1,114 1,241 1,406 1,508 2,362 2,588
Total Assets 787 882 1,064 1,190 1,391 1,744 1,653 1,713 1,919 2,087 2,223 3,138 3,409

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-62 101 174 65 176 80 134 214 180 17 284 199
-56 -32 -32 -92 -79 -42 -41 -51 -100 -48 -98 -187
122 -79 -116 13 -110 -39 -93 -163 -81 31 -185 -12
Net Cash Flow 4 -10 26 -14 -13 -1 -0 0 0 0 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 81 105 91 82 91 96 115 109 93 66 85
Inventory Days 127 110 95 96 123 155 154 202 213 251 263 263
Days Payable 62 75 100 82 97 135 101 154 233 200 169 267
Cash Conversion Cycle 128 116 99 105 108 111 149 163 89 144 160 81
Working Capital Days 114 100 72 94 101 108 126 124 109 132 113 79
ROCE % 14% 16% 31% 27% 27% 25% 13% 9% 9% 10% 12% 20%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.89% 71.89% 71.89% 71.89% 71.89% 71.89% 71.89% 71.89% 71.89% 66.47% 66.48% 66.48%
9.48% 9.31% 9.28% 9.88% 9.62% 9.51% 9.93% 8.09% 7.40% 4.60% 3.64% 4.39%
0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.28% 0.15% 0.15% 0.20% 0.24% 0.24%
18.63% 18.80% 18.83% 18.24% 18.50% 18.48% 17.89% 19.85% 20.57% 28.72% 29.65% 28.89%
No. of Shareholders 29,96529,47629,64329,18424,52825,11826,13238,42544,63359,50363,08270,015

* 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.

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