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 49.2
  • Book Value 85.1
  • Dividend Yield 0.02 %
  • ROCE 20.6 %
  • ROE 9.83 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 20.9% CAGR over last 5 years
  • Company's working capital requirements have reduced from 108 days to 78.9 days

Cons

  • Stock is trading at 6.25 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.18% 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
479 400 553 416 462 445 657 555 772 802 1,154 1,092 1,110
438 354 492 381 424 400 586 494 699 725 1,045 987 998
Operating Profit 41 46 61 35 38 45 72 60 74 77 109 105 111
OPM % 9% 12% 11% 8% 8% 10% 11% 11% 10% 10% 9% 10% 10%
1 1 1 1 1 4 5 4 3 5 4 4 3
Interest 25 23 25 24 23 26 32 28 35 39 52 51 55
Depreciation 12 12 12 13 11 11 11 12 13 13 14 15 15
Profit before tax 5 12 25 -1 6 12 33 23 29 29 48 43 44
Tax % 31% 41% -0% 23% 46% 20% 28% 30% 31% 30% 47% 25% 26%
3 7 25 -1 3 10 24 16 20 20 25 32 33
EPS in Rs 0.28 0.65 2.18 -0.06 0.26 0.84 2.10 1.44 1.75 1.81 2.23 2.87 2.92
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,871 1,391 1,582 1,707 1,980 3,282 4,157
1,689 1,251 1,436 1,542 1,787 2,961 3,755
Operating Profit 182 140 145 165 193 321 402
OPM % 10% 10% 9% 10% 10% 10% 10%
1 2 4 4 8 15 17
Interest 102 85 74 94 105 155 198
Depreciation 38 38 45 48 47 53 57
Profit before tax 43 18 30 27 50 128 164
Tax % 27% -129% 30% 6% 29% 36%
31 41 21 25 36 82 111
EPS in Rs 2.76 3.65 1.90 2.23 3.15 7.23 9.83
Dividend Payout % 8% 2% 5% 4% 3% 1%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 28%
TTM: 71%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 58%
TTM: 60%
Stock Price CAGR
10 Years: 19%
5 Years: 59%
3 Years: 95%
1 Year: 112%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 6%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 10 11 11
Reserves 638 677 698 722 757 887 950
523 454 448 575 494 592 763
481 572 763 777 961 1,655 1,691
Total Liabilities 1,653 1,713 1,919 2,084 2,223 3,145 3,415
514 579 657 657 697 749 783
CWIP 8 11 12 14 7 16 27
Investments 9 9 10 7 10 17 17
1,121 1,114 1,241 1,406 1,508 2,362 2,588
Total Assets 1,653 1,713 1,919 2,084 2,223 3,145 3,415

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
134 214 180 17 284 199
-41 -51 -100 -48 -98 -187
-93 -163 -81 31 -185 -12
Net Cash Flow -0 0 0 0 1 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 96 115 109 93 66 85
Inventory Days 154 202 213 251 263 263
Days Payable 101 154 233 200 169 267
Cash Conversion Cycle 149 163 89 144 160 81
Working Capital Days 126 124 109 132 113 79
ROCE % 9% 9% 10% 12% 21%

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.

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