Skipper Limited
NSE: SKIPPER · Heavy Electrical Equipment · sector
₹472.90NSE close 2026-10-26
Key numbers
Market cap₹5,339 cr
Price₹472.90
52w high / low₹617 / ₹327
P/E23.8xSector median 27.8x
P/B3.6xSector median 5.4x
Book value₹132.1
Dividend yield0.02%Sector median 0.19%
ROE16.7%Sector median 18.8%
ROCE21.4%Sector median 21.4%
OPM11.1%Sector median 15.1%
Debt / equity0.62xSector median 0.09x
EV/EBITDA10.0xSector median 21.4x
Interest cover2.3x
Current ratio1.30x
Sales growth 3y+41.0%Sector median +22.1%
Profit growth 3y+81.6%Sector median +27.5%
PEG0.31x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹32 cr vs borrowings ₹922 cr (FY26): borrowings are higher by ₹890 cr.
- Borrowings rose in each of the last 3 years (₹484 cr → ₹922 cr).
- Operating profit covered interest 2.3x in the last 12 months.
- Promoter holding fell by 5.00 percentage points in a year, to 61.48% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 5% of net profit in the last 12 months.
- Debtor days went from 85 (FY24) to 98 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹472.90 on 2026-10-26: -23.3% from the 52-week high, +44.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹636.50 · low ₹330.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,110 | 1,135 | 1,288 | 1,254 | 1,262 | 1,371 | 1,667 | 1,310 |
| EBITDA | 112 | 111 | 124 | 127 | 169 | 141 | 173 | 140 |
| OPM % | 10.1% | 9.8% | 9.6% | 10.1% | 13.4% | 10.3% | 10.4% | 10.7% |
| Other income | 3 | 4 | 9 | 3 | 4 | 2 | 2 | 4 |
| Net profit | 33 | 36 | 48 | 45 | 37 | 53 | 78 | 57 |
| EPS (₹) | 3.13 | 3.35 | 4.30 | 4.01 | 3.28 | 4.63 | 6.96 | 5.03 |
| Revenue YoY | +13.7% | +20.7% | +29.4% | +4.5% | ||||
| Profit YoY | +12.5% | +46.3% | +62.9% | +25.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,707 | 1,980 | 3,282 | 4,624 | 5,553 | 5,609 |
| EBITDA | 168 | 193 | 319 | 452 | 562 | 624 |
| Net profit | 25 | 36 | 82 | 149 | 213 | 225 |
| EPS (₹) | 2.45 | 3.46 | 7.66 | 13.86 | 18.88 | 19.90 |
| Revenue growth | +16.0% | +65.7% | +40.9% | +20.1% | +17.2% | |
| Profit growth | +41.4% | +129.6% | +82.9% | +42.7% | +38.5% | |
| Dividend / share (₹) | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +41.0% | +28.6% | +17.2% |
| Net profit | +81.6% | +58.3% | +38.5% |
| EPS | +76.1% | +55.3% | – |
| Share price | – | -4.5% (2y) | -3.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 767 | 898 | 1,193 | 1,491 |
| Borrowings | – | 484 | 577 | 701 | 922 |
| Cash & equivalents | – | 31 | 135 | 121 | 32 |
| Total assets | – | 2,223 | 3,145 | 3,397 | 4,533 |
| Fixed assets | – | 696 | 748 | 900 | 920 |
| Capital work in progress | – | 7 | 16 | 133 | 273 |
| Investments | – | 10 | 17 | 20 | 26 |
| Receivables | – | 360 | 766 | 701 | 1,485 |
| Inventory | – | 913 | 1,203 | 1,197 | 1,059 |
| Payables | – | 588 | 1,221 | 1,222 | 1,713 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 17 | 284 | 199 | 153 | 277 |
| Cash from investing | -48 | -98 | -187 | -201 | -272 |
| Cash from financing | 31 | -185 | -12 | 51 | -8 |
| Capex | 42 | 85 | 102 | 238 | 366 |
| Free cash flow | -25 | 199 | 97 | -85 | -89 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.6% | 9.1% | 12.5% | 14.3% |
| ROCE % | – | 12.1% | 18.7% | 21.5% | 20.4% |
| Debtor days | – | 66 | 85 | 55 | 98 |
| Inventory days | – | 263 | 263 | 152 | 109 |
| Payable days | – | 169 | 267 | 155 | 176 |
| Cash conversion cycle (days) | – | 160 | 81 | 52 | 31 |
| Working capital days | – | 65 | 63 | 37 | 45 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 61.48% |
| FIIs | 10.31% |
| DIIs | 2.41% |
| of which Mutual funds | 2.06% |
| Public (non-institutions) | 25.81% |
| Quarter | Jun 2025 | Sep 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 66.48% | 66.48% | 66.48% | 66.48% | 66.50% | 66.50% | 61.48% | 61.48% |
| Promoter group | % |
|---|---|
| Skipper Plastics Limited | 16.42% |
| SK Bansal Legacy Trust-held BY Sajan Kumar Bansal Trustee | 8.91% |
| SK Bansal Family Trust Held BY Meera Bansal Trustee | 8.91% |
| SK Bansal Unity Trust - Held BY Meera Bansal AS Trustee | 8.91% |
| SK Bansal Heritage Trust Held BY Sajan Kumar Bansal AS Trustee | 8.91% |
| Ventex Trade Private Limited | 5.04% |
| Vaibhav Metals Private Limited | 2.14% |
| Samriddhi Ferrous Private Limited | 1.32% |
| Skipper Polypipes Private Limited | 0.77% |
| Sajan Kumar Bansal | 0.09% |
| Sharan Bansal | 0.01% |
| Sumedha Bansal | 0.01% |
| Devesh Bansal | 0.01% |
| Siddharth Bansal | 0.01% |
| Shruti M. Bansal | 0.01% |
| Public holders above 1% | % |
|---|---|
| Smallcapworld Fund INC | 4.83% |
| Bandhan Nifty Total Market Index Fund | 1.80% |
| Chartered Finance & Leasing Limited | 1.62% |
| Ajay Upadhyaya | 1.37% |
| Cohesion MK Best Ideas Sub-trust | 1.31% |
85,745 shareholders. Pledged: – of promoter shares.
Peers in Heavy Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHEL | ₹1,37,384 cr | 47.7x | 5.1x | 11.2% | 13.5% | 10.1% | +13.1% | 0.12% |
| ABB | ₹1,34,715 cr | 45.1x | 14.4x | 36.1% | 22.4% | 14.0% | – | – |
| CGPOWER | ₹1,31,237 cr | 104.9x | 16.5x | 16.5% | 21.3% | 12.5% | +30.7% | 0.16% |
| POWERINDIA | ₹1,19,751 cr | 104.0x | 23.1x | 24.5% | 29.9% | 14.9% | +22.2% | 0.02% |
| SIEMENS | ₹1,16,725 cr | 35.6x | 8.4x | 25.0% | 14.2% | 10.0% | +41.0% | 0.37% |
| ENRIN | ₹98,074 cr | 65.9x | 20.4x | 34.3% | 42.0% | 20.9% | – | 0.14% |
| GVT&D | ₹97,043 cr | 74.3x | 36.1x | 58.5% | 65.5% | 25.2% | +30.8% | 0.13% |
| SUZLON | ₹51,051 cr | 16.3x | 5.4x | 40.4% | 29.2% | 17.7% | +41.0% | – |
| THERMAX | ₹35,902 cr | 60.5x | 6.5x | 11.3% | 12.5% | 8.6% | +9.8% | 0.44% |
| SKIPPER | ₹5,339 cr | 23.8x | 3.6x | 16.7% | 21.4% | 11.1% | +41.0% | 0.02% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Engineering Products | ₹4,359 cr | 78.5% | ₹517 cr | 11.9% |
| Infrastructure Projects | ₹687 cr | 12.4% | ₹37 cr | 5.4% |
| Polymer Products | ₹507 cr | 9.1% | ₹16 cr | 3.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-08 | Dividend | Dividend - Re 0.10 Per Share |
| 2025-09-16 | Dividend | Dividend - Re 0.10 Per Share |
| 2024-09-12 | Dividend | Annual General Meeting/Dividend - Re 0.10 Per Share |
| 2024-01-12 | Rights | Rights 1:10 @ Premium Rs 193/- |
| 2023-09-12 | Dividend | Annual General Meeting/Dividend - Re 0.10 Per Share |
| 2022-08-12 | Dividend | Annual General Meeting/Dividend - Re 0.10 Per Share |
| 2021-09-20 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2020-09-18 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2019-08-02 | Dividend | Annual General Meeting/Dividend - Rs 0.25 Per Share |
| 2018-08-01 | Dividend | Annual General Meeting/Dividend- Rs 1.65 Per Share |
| 2017-08-28 | Dividend | Annual General Meeting/Dividend - Rs 1.55 Per Share |
| 2016-07-29 | Dividend | Annual General Meeting/ Dividend - Rs 1.40/- Per Share |
| 2015-09-15 | Dividend | Annual General Meeting/ Dividend - Rs 1.30/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufactures T&D structures, Distribution poles, Polymer products such as pipes
- Infrastructure projects: EPC (Engineering, procurement and Construction) solutions in tower design, tower testing, manufacturing, and onsite construction
| Sector | Industrials |
| Industry | Heavy Electrical Equipment |
| Sub-industry | Heavy Electrical Equipment |
| Symbol | SKIPPER |
| BSE code | 538562 |
| ISIN | INE439E01022 |
| Face value | ₹1.0 |
| Incorporated | 1981-03-05 |
| Website | www.skipperlimited.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.