Skipper (SKIPPER) had a P/E of 24.1× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 16% below their 52-week high. It earns ROCE of 21% and ROE of 15%, and sales and net profit grew 40% and 82% a year over 3 years. Debt is 0.39× equity. It is a small-cap company with a market cap of ₹6,324 Cr, ranked 22nd of 156 Engineering & Construction companies by market cap; the shares rose 2.1% over the past year.
- ₹525.00
- ₹525.00
- ₹511.60
- ₹526.55
- 5.3 L
Health check
- ReturnsBehind
+2.1% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 24.1 vs industry 16.4.
- GrowthStrong
Sales +39.9%, profit +81.6% a year over 3 years.
- ProfitabilityStrong
ROCE 20.7% vs peer median 19.9%.
- Balance sheetFair
Debt 0.39× equity, interest covered 2.6×, Piotroski 4 of 9.
- Red flags1 to check
Promoter stake down from 66.5% to 61.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹6,324 Cr
- Small cap
- P/E
- 24.1
- Industry 16.4
- Price to book
- 3.18
- Peers 4.92
- Dividend yield
- 0.02%
- ROE
- 15.2%
- Peers 17.9%
- ROCE
- 20.7%
- Peers 19.9%
- Debt to equity
- 0.39
- Debt ₹757 Cr
- EPS (TTM)
- ₹21.49
- Face value ₹1
- OPM (TTM)
- 10.5%
- Net margin 4.3%
- Sales growth
- +9.7%
- Latest quarter vs a year ago
- Profit growth
- +56.8%
- Latest quarter vs a year ago
- Price to sales
- 1.10
- EV/EBITDA 12.4
Strengths and risks
Strengths
- Return on capital employed of 20.7%.
- Quarterly profit up 56.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Promoter stake down from 66.5% to 61.5%.
About Skipper
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…
- Headquarters
- Kolkata
- Employees
- 4,962
- Sector
- Industrials
- ISIN
- INE439E01022
- Website
- skipperlimited.com
Price range
- Avg volume (3M)
- 9.9 L
- 1-year return
- plus 2.1%
- From 52-week high
- minus 16.1%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| SKIPPERSkipper | 517.80 | minus 1.66% | 6,324 | 24.1 | 13.0 | 20.7% | 10.5% | 0.39 | 39.9% | plus 2.1% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,262 | 1,371 | 1,667 | 1,310 | 1,384 | |
| 1,131 | 1,229 | 1,493 | 1,170 | 1,239 | |
| 131 | 141 | 173 | 140 | 145 | |
| 10.4% | 10.3% | 10.4% | 10.7% | 10.5% | |
| 4.2 | 4.3 | 4 | 4.8 | 2.2 | |
| 53.6 | 56.1 | 54.5 | 46.7 | 44 | |
| 19 | 21.6 | 21.5 | 22.2 | 24.8 | |
| −10.7 | – | – | – | – | |
| 51.7 | 68 | 101 | 76 | 78.2 | |
| 28.3% | 22.4% | 23.0% | 25.2% | 25.8% | |
| 37 | 52.8 | 78.1 | 56.8 | 58 | |
| 3.28 | 4.63 | 6.96 | 5.03 | 4.87 |
Profit & loss
- Sales CAGR 3Y
- +39.9%
- Profit CAGR 3Y
- +81.6%
- EPS CAGR 3Y
- +78.3%
- ROE
- 15.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,962 | 3,137 | 4,469 | 5,377 | |
| – | +59.9% | +42.5% | +20.3% | |
| 1,782 | 2,812 | 4,003 | 4,818 | |
| 180 | 325 | 466 | 559 | |
| 9.2% | 10.3% | 10.4% | 10.4% | |
| 44.8 | −2.1 | −3.4 | −3 | |
| 83.4 | 130 | 185 | 177 | |
| 46.8 | 52.5 | 63.3 | 79.8 | |
| −44.8 | −11.8 | −15.6 | −17.6 | |
| 49.9 | 128 | 199 | 281 | |
| 28.8% | 36.4% | 24.8% | 24.3% | |
| 35.6 | 81.7 | 149 | 213 | |
| – | +129.6% | +82.9% | +42.7% | |
| 3.33 | 7.14 | 13.85 | 18.88 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.3 | 10.5 | 11.3 | 11.5 | |
| 757 | 887 | 1,182 | 1,480 | |
| 494 | 592 | 740 | 948 | |
| 961 | 1,655 | 1,465 | 2,094 | |
| 2,223 | 3,145 | 3,397 | 4,533 | |
| 709 | 772 | 1,046 | 1,444 | |
| 13.1 | 23.2 | 146 | 283 | |
| 55.6 | 48.5 | 56.4 | 68.8 | |
| 2.1 | 1.8 | 5.7 | 2.9 | |
| 1,443 | 2,300 | 2,143 | 2,735 | |
| 2,223 | 3,145 | 3,397 | 4,533 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 284 | 199 | 153 | 277 | |
| −97.9 | −187 | −201 | −272 | |
| −185 | −12.5 | 51.2 | −8 | |
| 1 | −0.3 | 3.9 | −2.8 | |
| −84.9 | −102 | −238 | −366 | |
| 199 | 97.2 | −84.6 | −89 | |
| −1 | −1 | −1.1 | −1.1 |
Shareholding pattern
- Promoters61.48%
- Public38.52%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 61.48% | 38.52% | 0.00 | |
| 31 Jul 2026 | 61.48% | 38.52% | minus 5.02 | |
| 30 Jun 2026 | 66.50% | 33.50% | 0.00 | |
| 31 Mar 2026 | 66.50% | 33.50% | plus 0.02 | |
| 31 Dec 2025 | 66.48% | 33.52% | – |
Major shareholders
Filings & events
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