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    Manufacturing - Metal Fabrication
Skipper Ltd

Skipper Ltd

SKIPPER.BO
Skipper LtdIN flagBombay Stock Exchange
562.90
INR
-12.15
- -
63.54BMarket Cap
Skipper Ltd
SKIPPER.BO
(Bombay Stock Exchange)

Recent

price

562.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
102.93
125.33
143.79
158.91
197.79
176.87
131.72
149.48
161.31
183.7
294.19
429.17
491.9
491.5
Revenue per Share
2.66
8.51
9.08
11.86
11.23
2.97
3.92
2.04
2.39
3.33
7.66
13.86
18.88
18.86
Basic EPS, GAAP
6.73
13.45
-3.38
7.83
2.62
8.76
15.24
8.98
-2.36
18.66
9.11
-7.85
-7.88
- -
Free Cash Flow per Basic Share
0.11
0.17
1.53
1.65
1.82
1.94
0.29
0.1
0.1
0.1
0.1
0.1
0.1
- -
Dividend per Share
10.23
15.58
25.91
36.11
45.47
46.35
50.03
51.98
54.29
56.68
64.39
77.5
1.01
1.01
Book Value per Share
22.73
28.9
40.22
50.72
60.7
61.61
65.3
67.25
69.58
71.74
84.09
110.59
131.6
131.5
Tangible Book Value per Share
101
105
105
105
105
105
105
105
105
107
107
108
113
113
Basic Weighted Avg Shares
10,415
13,128
15,062
16,646
20,737
18,589
13,845
15,711
16,956
19,620
31,368
46,245
55,528
55,528
Sales/Revenue/Turnover
9.21
14.61
14.71
11.37
11.35
7.98
8.48
4.6
5.96
9.18
8.67
8.4
8.88
8.88
Operating Margin (%)
151
220
241
316
459
379
381
453
485
468
525
633
798
798
Depreciation Expense
269
892
951
1,242
1,178
312
413
214
251
356
817
1,493
2,131
2,131
Net Income, GAAP
26.71
34.71
33.61
29.71
34.72
27.4
- -
29.66
6.46
28.77
36.44
24.82
24.28
24.28
Effective Tax Rate (%)
2.58
6.79
6.32
7.46
5.68
1.68
2.98
1.36
1.48
1.81
2.6
3.23
3.84
3.84
Profit Margin (%)
1,357
1,434
2,087
2,450
3,365
3,409
2,239
3,132
3,013
3,500
5,662
4,741
6,865
6,865
Working Capital
2,307
1,707
1,978
1,754
1,667
1,640
1,627
2,647
2,191
2,009
3,141
2,605
4,597
4,597
LT Debt
2,312
3,039
4,225
5,321
6,373
6,486
6,873
7,078
7,321
7,674
8,976
11,931
14,912
14,912
Total Equity
- -
19.5
19.11
14.3
14.38
9.21
- -
4.37
7.59
9.95
12.56
17.02
17
17
Return on Invested Capital (%)
- -
25.04
21.19
21.06
18.24
9.82
- -
6.42
9.05
8.46
13.8
21.68
29.79
29.79
Return on Capital (%)
- -
66.88
43.78
38.24
27.55
6.47
8.15
4
4.5
6.05
12.64
19.63
50.35
50.35
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
4,751
- -
4,881
LT Borrowings
3,044
- -
4,434
LT Finance Leases
216
- -
163
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
113
- -
113
Market Capitalization
57,272
48,827
37,621

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
27,061
- -
30,048
Cash, Cash Equivalents & STI
746
- -
2,149
Accounts Receivable, Net
12,074
- -
14,848
Inventories
11,335
- -
10,588
Total Current Liabilities
21,264
- -
23,183
Payables & Accruals
- -
- -
- -
ST Debt
4,751
- -
4,881
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.96%
16.63%
24.99%
Free Cash Flow
-139.17%
-252.31%
5.17%
Net Income, GAAP
25%
62.79%
42.71%
Sales/Revenue/Turnover
16.37%
30.2%
20.07%
Total Cash Common Dividend
- -
- -
7.79%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,546
7,724
8,016
11,355
31,368
2025
10,917
11,097
11,352
12,878
46,245
2026
12,539
12,618
13,706
16,666
55,528

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.52
1.85
1.92
- -
7.66
2025
3.08
3.13
3.35
4.3
13.86
2026
4.01
3.28
4.63
6.96
18.88

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.1
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
0.1
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Business
Skipper Limited Skipper Limited manufactures transmission and distribution (T&D) structures, telecommunication towers, railway electrification structures, monopoles, high masts, poles, hot rolled sections, tower accessories, and fasteners; it also produces polymer pipes and fittings under the Skipper brand including UPVC, CPVC, SWR, rigid, casing, column, and ribbed strainer pipes for plumbing, sewage, agriculture, and borewell applications; additionally, the company undertakes engineering, procurement, and construction (EPC) projects for power T&D lines, horizontal directional drilling (HDD), coatings, and infrastructure works. Headquartered in Kolkata, India, and founded in 1981, Skipper Limited operates integrated manufacturing facilities across India with the largest T&D tower capacity in the country and among the top 10 globally, exporting to over 40 countries in South America, Europe, Africa, the Middle East, South and Southeast Asia, and Australia while serving domestic customers pan-India. The company maintains a comprehensive value chain from angle rolling and galvanizing to proto assembly, load testing, and EPC execution, supported by an in-house R&D center recognized by the Department of Scientific and Industrial Research. In recent developments, Skipper Limited achieves record Q2 FY26 revenue of ₹12,618 million with 14% year-over-year growth and an all-time high order book of ₹88,204 million as of September 2025, including two 765 kV PGCIL transmission line projects in Rajasthan and Madhya Pradesh; it secures ₹32,205 million in year-to-date orders, up 33% year-over-year, with a ₹300,000 million bidding pipeline; the company commissions a new 75,000 MTPA facility, advances another 75,000 MTPA expansion toward 600,000 MTPA by FY28, inaugurates a second test bed facility, signs an MoU with IIT Kharagpur for R&D on galvanizing and predictive modeling, implements SAP S/4HANA RISE for operational efficiency, and introduces ESG initiatives like waste heat recovery systems.