Skipper Limited share price

NSE: SKIPPER · ISIN INE439E01022

Key numbers

Market cap
₹ 6,733 Cr
Current price
₹ 551.15
52-week high / low
₹ 617 / 327
Stock P/E
27.7
Book value
₹ 133.0
Dividend yield
0.02%
ROCE
21.0%
ROE
15.9%
Debt to equity
0.64
Sales growth (3 yrs)
39.9%
Profit growth (3 yrs)
81.6%
1-year return
1.6%

About Skipper Limited

Skipper Limited manufactures and sells transmission and distribution structures, telecom towers, and fasteners in India. The company operates through three segments: Engineering Products, Infrastructure Projects, and Polymer Products. The Engineering Products segment offers power transmission towers, telecom towers, tower accessories, fasteners, angles, channels, high mast and swaged poles, solar power systems, railway structures, as well as power distribution poles, transmission lines, monopoles, mild steel and high tensile angles, and other products. The Infrastructure Projects segment provides water engineering, procurement, and construction services for telecom, tower, and water, as well as coating services. The Polymer Products segment offers PVC, HDPE, CPVC, UPVC, SWR pipes and fittings, water tanks, bath fittings, and other related products, as well as agriculture pipes, borewell pipes and fittings, and solvent cement. The company also exports its products to approximately 65 countries covering South America, Africa, the Middle East, Australia, New Zealand, Europe, and South and South East Asia. The company was incorporated in 1981 and is based in Kolkata, India.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2541,2621,3711,6671,310
Operating profit127131141173140
Net profit4537537857
EPS (₹)4.013.284.636.965.03

Concall summary (2026-08-18)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • We closed the quarter with our highest ever unexecuted order book of over INR9,200 crores, representing healthy growth over March '26 and providing strong multiyear revenue visibility.
  • We have seen -- we are expecting bids of close to INR90,000 crores to INR1 lakh crores of bids in the Indian transmission market in this financial year.

Growth & demand

  • For the quarter, revenue grew 4.5% year-on-year to a record INR1,310 crores.
  • During the quarter, we secured fresh order inflows of approximately INR1,674 crores, while our bidding pipeline expanded to an all -time high level of INR35,000 crores, supported by robust domestic transmission investment and improving opportunities across international markets.

Margins & costs

  • More importantly, EBITDA increased 10% to INR140 crores with margins expanding by 60 basis points to 10.7%.
  • PBT grew 27%, while PAT increased 26% to INR56.5 crores, reflecting the benefits of improved operational leverage, a better project mix and continued cost optimization.

Capex & expansion

  • Further, the ongoing 75,000 ton capacity expansion is expected to become operational during the second half of the year, taking our total manufacturing capacity to 450,000 tons per annum, further strengthening our position as the largest power T&D structur e manufacturer in the country.
  • As export logistics normalized, capacity utilization improved and recently secured orders move into execution, we expect stronger growth momentum during the second half.

Balance sheet & cash

  • Whatever improvement you are seeing in the finance cost is purely due to better operational -- better working capital management and overall operational leverage of the company.
  • Apart from that, obviously, see our constant effort on operational leverage, et cetera, is also giving us results.

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