Skip to content
Skipper logo

Skipper

SKIPPER NSE
₹539.20 +20.05 (+3.86%)
P/E
27.79
View as Markdown
MCP
Close 4 Nov 2026 ₹539.20 +21.60 +4.17% 1Y
Start ₹517.60

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
23.50%
Debt to Equity
0.63
EPS (TTM)
₹19.40
Book Value
₹159.07
Market Cap
—
P/E (TTM)
27.79
P/B
3.39
ROE
16.30%
Dividend Yield
0.02%
EBITDA
₹583 Cr
52W High
₹616.80
52W Low
₹327.05
Day Range
₹511.70 – ₹541.30
Volume
6,74,754

Peer Comparison

Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment

Skipper peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Skipper (this company)
₹539.2027.79₹6,467 Cr3.390.02%16.30%23.50%₹5,609 Cr₹219 Cr
Median 8 companies₹3,236.0070.90₹1,23,040 Cr15.250.21%21.20%28.05%₹11,457 Cr₹1,427 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
44
Weak
Returns, margins, earnings quality 22% weight
Valuation
53
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
19
Poor
Solvency, leverage, coverage 9% weight
Momentum
54
Average
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 60.2% 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3511
OscillatorsNeutral252
Moving AveragesStrong Bullish109

Key readings

RSI (14)
56.30
Neutral
MACD (12,26,9)
−7.57
Bullish
SMA (50)
538.05
Bullish
SMA (200)
476.28
Bullish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.98%
5Y+28.55%
3Y+41.02%
1Y+20.09%
TTM+17.19%

Net profit

Net profit growth by window
10Y+8.10%
5Y+58.03%
3Y+84.42%
1Y+41.78%
TTM+37.74%

Operating cash flow

Operating cash flow growth by window
10Y+15.60%
5Y+9.00%
3Y−0.83%
1Y+81.05%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−4.77 pp
5Y+1.18 pp
3Y+0.60 pp
1Y+0.51 pp
TTM+0.53 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,665 Cr
Mar 2018₹2,074 Cr
Mar 2019₹1,871 Cr
Mar 2020₹1,391 Cr
Mar 2021₹1,582 Cr
Mar 2022₹1,707 Cr
Mar 2023₹1,980 Cr
Mar 2024₹3,282 Cr
Mar 2025₹4,624 Cr
Mar 2026₹5,553 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹124 Cr
Mar 2018₹118 Cr
Mar 2019₹31.00 Cr
Mar 2020₹41.00 Cr
Mar 2021₹21.00 Cr
Mar 2022₹29.00 Cr
Mar 2023₹33.00 Cr
Mar 2024₹75.00 Cr
Mar 2025₹146 Cr
Mar 2026₹207 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹672 Cr +15.3% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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 7
  • 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
  • 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

121d ago

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.

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 1
  • 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.

Quarterly Results

₹ Cr
SKIPPER quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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
1,384
Expenses
494
699
725
1,045
987
997
1,024
1,164
1,127
1,131
1,229
1,493
1,170
1,239
Operating Profit
60
74
77
109
105
112
111
124
127
131
141
173
140
145
OPM %
11%
10%
10%
9%
10%
10%
10%
10%
10%
10%
10%
10%
11%
10%
Other Income
1
2
2
3
3
3
4
9
3
−7
2
2
4
2
Interest
28
35
39
52
51
55
50
56
53
54
56
54
47
44
Depreciation
12
13
13
14
15
15
17
17
18
19
22
22
22
25
PBT
21
28
26
46
42
45
48
59
60
52
65
99
76
78
Tax %
33%
32%
33%
48%
25%
25%
26%
25%
25%
28%
23%
24%
25%
26%
Net Profit
14
19
18
24
32
34
36
44
45
37
50
76
56
57
EPS (₹)
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
—

Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SKIPPER profit and loss, annual, ₹ crore
Particulars 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
4,978
5,023
Operating Profit
228
227
273
305
182
140
145
168
193
321
455
575
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
−2
1
Interest
70
65
68
79
102
85
74
94
105
155
214
218
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 (₹)
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%
—

Balance Sheet

₹ Cr
SKIPPER balance sheet, annual, ₹ crore
Particulars 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
931
Other Liabilities
377
341
423
610
481
572
772
784
970
1,668
1,493
2,111
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

Cash Flow

₹ Cr
SKIPPER cash flow, annual, ₹ crore
Particulars 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/EBITDA
91
49
81
42
89
154
121
11
153
72
42
56

Ratios

SKIPPER financial ratios, annual
Particulars 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
109
Days Payable
100
82
97
135
101
154
233
200
169
267
155
176
Cash Conversion Cycle
99
105
108
111
149
163
89
144
160
81
52
30
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%
24%

Insights

Beta

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

Log in to view Skipper insights

73 extracted metrics across FY00–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 61.48%
  • Public 16.33%
  • FIIs 10.31%
  • Others 9.47%
  • DIIs 2.41%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Skipper

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.
Where is Skipper Ltd (SKIPPER) listed?
Skipper Ltd trades as SKIPPER on the NSE and under code 538562 on the BSE.
Which sector does Skipper Ltd belong to?
Skipper Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the PE ratio of Skipper Ltd?
Skipper Ltd trades at a PE ratio of 27.79 as of 4 Nov 2026, on earnings per share of ₹19.4, against a book value of ₹159.07 per share.
What is the 52-week high and low of Skipper Ltd?
Over the last 52 weeks Skipper Ltd has traded between ₹327.05 and ₹616.8 as of 4 Nov 2026.
Does Skipper Ltd pay dividends?
Skipper Ltd has a dividend yield of 0.02%.
What is the Return on Equity (ROE) of Skipper Ltd?
Skipper Ltd reported a return on equity of 16.30%. Its debt-to-equity ratio is 0.63.

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.

Website skipperlimited.com
CEO Mr. Sajan Kumar Bansal
Employees 3,567
Listed 18 Jul 2014
Face Value ₹1

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SKIPPER.md for Skipper Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Electrical Equipment stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month