MarketFriction

Skipper Ltd

NSE SKIPPER · BSE 538562 · Heavy Electrical Equipment
₹541.20 +1.89%
NSE close2026-10-01
52 week range327.05 - 616.80
Market cap₹6,116 Cr.
P/E27.0
Microcap 250 Price band 20% Delivery 35.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7728021,1541,0921,1101,1351,2881,2541,2621,3711,6671,310
Expenses6997251,0459879971,0241,1641,1271,1311,2291,4931,170
Operating Profit7477109105112111124127131141173140
OPM %10%10%9%10%10%10%10%10%10%10%10%11%
Other Income22333493-7224
Interest353952515550565354565447
Depreciation131314151517171819222222
Profit before tax282646424548596052659976
Tax %32%33%48%25%25%26%25%25%28%23%24%25%
Net Profit191824323436444537507656
EPS in Rs1.681.572.122.803.013.193.933.963.274.446.695.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,5011,6652,0741,8711,3911,5821,7071,9803,2824,6245,5535,609
Expenses1,2731,3921,7691,6891,2511,4361,5391,7872,9614,1704,9785,023
Operating Profit227273305182140145168193321455575586
OPM %15%16%15%10%10%9%10%10%10%10%10%10%
Other Income53112445818-21
Interest656879102857494105155214218211
Depreciation243246383845484753638084
Profit before tax1431771804318303047122195276292
Tax %34%30%35%27%-128%30%6%31%39%25%25%
Net Profit95124118314121293375146207219
EPS in Rs8.4611.0410.442.763.671.872.532.906.6112.9318.3619.40
Dividend Payout %15%13%14%8%2%5%4%3%1%1%1%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%29%41%17%
Compounded Profit Growth9%60%88%43%
Stock Price CAGR13%47%36%6%
Return on Equity11%11%14%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010111111
Reserves2943715226276386776987257588811,1721,464
Borrowings383468436496523454440568485579711931
Other Liabilities3773414236104815727727849701,6681,4932,111
Total Liabilities1,0641,1901,3911,7441,6531,7131,9192,0872,2233,1383,3874,518
Fixed Assets3513854975215145796576576977499011,167
CWIP3401428111214716134273
Investments0000910101111101010
Other Assets7097658801,2211,1211,1141,2411,4061,5082,3622,3423,067
Total Assets1,0641,1901,3911,7441,6531,7131,9192,0872,2233,1383,3874,518
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity174651768013421418017284199153277
Cash from Investing Activity-32-92-79-42-41-51-100-48-98-187-201-272
Cash from Financing Activity-11613-110-39-93-163-8131-185-1251-8
Net Cash Flow26-14-13-1-00001-04-3
Free Cash Flow142-3282319416598-2320198-83-88
CFO/OP91%49%81%42%89%154%121%11%153%72%42%56%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days105918291961151099366855598
Inventory Days9596123155154202213251263263152109
Days Payable1008297135101154233200169267155176
Cash Conversion Cycle9910510811114916389144160815230
Working Capital Days243348566455665659482843
ROCE %31%27%27%25%13%9%9%10%12%20%24%24%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters71.89%66.47%66.48%66.48%66.48%66.48%66.48%66.48%66.48%66.50%66.50%61.48%
FIIs7.40%4.60%3.64%4.39%4.82%5.13%5.42%6.55%6.37%6.07%4.11%10.64%
DIIs0.15%0.20%0.24%0.24%0.48%0.30%0.25%0.49%0.80%1.66%1.92%2.24%
Public20.57%28.72%29.65%28.89%28.23%28.08%27.84%26.48%26.35%25.77%27.47%25.65%
No. of Shareholders44,63359,50363,08270,01590,62795,7741,00,29496,92391,16086,43187,06488,286

Fundamentals

Market Cap₹ 6,116 Cr.
Current Price₹ 542
Stock P/E27.0
Book Value₹ 131
ROCE23.5 %
ROE16.3 %
Dividend Yield0.02 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)43%
Standalone figures.
Valuation
Market capRs 6,112 Cr
Enterprise valueRs 7,012 Cr
P/E (TTM)27.89x
Price to book4.14x
Price to sales1.09x
EV / EBITDA11.95x
EV / EBIT13.96x
EV / sales1.25x
Price to cash flow22.04x
Earnings yield3.59%
Dividend yield0.02%
P/E, 3-year average33.66x
P/B, 3-year average3.61x
P/E, 5-year average29.91x
P/B, 5-year average2.57x
Profitability
Operating margin (excl. other income)10.36%
Operating margin (incl. other income)10.32%
EBITDA margin10.46%
Pre-tax margin5.20%
Net profit margin3.91%
Net margin, latest quarter4.31%
ROE15.60%
ROCE22.95%
ROA5.25%
ROE, 3-year average12.89%
ROCE, 3-year average22.52%
ROA, 3-year average4.17%
ROE, 5-year average9.40%
ROCE, 5-year average17.92%
ROA, 5-year average3.09%
ROIC (approx.)15.91%
Tax rate24.79%
Other income / net worth-0.13%
Growth
Sales growth (latest year)20.07%
Profit growth (latest year)42.17%
Sales CAGR, 3 years41.01%
Sales CAGR, 5 years28.55%
Profit CAGR, 3 years85.07%
Profit CAGR, 5 years57.96%
Sales growth QoQ-21.41%
Profit growth QoQ-25.31%
Sales growth YoY (latest quarter)4.46%
Profit growth YoY (latest quarter)26.44%
Per share
EPS (TTM)Rs 19.40
EPS (latest year)Rs 18.36
EPS (latest quarter)Rs 5.00
EPS, 3-year averageRs 12.63
EPS, 5-year averageRs 8.77
Book value per shareRs 130.64
Sales per shareRs 496.63
Cash flow per shareRs 24.56
Free cash flow per shareRs -7.79
Dividend per share (latest year)Rs 0.10
Dividend per share, 3-year averageRs 0.10
Dividend per share, 5-year averageRs 0.10
Dividends
Dividend payout0.55%
Dividend payout, 3-year average0.91%
Dividend payout, 5-year average1.90%
Efficiency
Asset turnover1.23x
Fixed asset turnover4.76x
Inventory turnover4.15x
Inventory days88 days
Debtor days98 days
Debtors turnover3.74x
Creditor days176 days
Cash conversion cycle30 days
Working capital days43 days
Leverage
Total debtRs 931 Cr
Cash and bankRs 32 Cr
Net debtRs 900 Cr
Debt to equity0.63x
Net debt / EBITDA1.53x
Interest coverage2.38x
Current ratio (filing 2026-03-31)1.30x
Quick ratio (filing 2026-03-31)0.84x
Trade payables (filing 2026-03-31)Rs 1,713 Cr
Owners' fund to total sources32.66%
Debt to assets20.62%
Cash flow
Cash from Operating Activity (latest year)Rs 277 Cr
Cash from Investing Activity (latest year)Rs -272 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs -88 Cr
FCFE (approx.: FCF + change in debt)Rs 133 Cr
Cash from ops / profit, 5 years1.90x
Sales to cash flow20.02x
Statement figures
Net sales (TTM)Rs 5,609 Cr
Net sales (latest year)Rs 5,553 Cr
Sales (latest quarter)Rs 1,310 Cr
Operating profit excl. other income (latest year)Rs 575 Cr
Operating profit (latest quarter)Rs 140 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 587 Cr
PBDT (TTM)Rs 376 Cr
Profit before tax (TTM)Rs 292 Cr
Tax (latest year)Rs 68 Cr
Net profit (TTM)Rs 219 Cr
Net profit (latest year)Rs 207 Cr
Net profit (latest quarter)Rs 56 Cr
Depreciation (TTM)Rs 84 Cr
Depreciation (latest quarter)Rs 22 Cr
Interest (TTM)Rs 211 Cr
Cost of goods sold (latest year)Rs 4,394 Cr
Total expenditure (latest year)Rs 4,978 Cr
Total income (latest year)Rs 5,551 Cr
Share capitalRs 11 Cr
ReservesRs 1,464 Cr
Shareholders' fundsRs 1,475 Cr
Total assetsRs 4,518 Cr
Net blockRs 1,167 Cr
Capital work in progressRs 273 Cr
InvestmentsRs 10 Cr
ReceivablesRs 1,485 Cr
InventoryRs 1,059 Cr
Other liabilitiesRs 2,111 Cr
Shares outstanding (crore)11.29
Ownership
Promoter holding61.48% (-5.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 27.9 is at the 50th percentile of its own 9.4-year range (median 27.9, low 6.0, high 123.5).
P/B 4.14 is at the 66th percentile (median 1.94).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSKIPPERNifty 50Difference
1 week-2.0%-2.8% +0.8 pts
1 month+1.2%-6.8% +8.0 pts
3 months-5.9%-7.6% +1.7 pts
6 months+61.9%+0.4% +61.5 pts
1 year+1.6%-9.9% +11.5 pts
2 years+12.8%-13.6% +26.4 pts
3 years+143.9%+14.2% +129.7 pts
5 years+560.0%+27.9% +532.1 pts
9 mutual fund schemes hold about ₹129 Cr. Over three months 8 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.35%119 +18%
Motilal Oswal Nifty Microcap 250 Index Fund0.21%5 +1%
Samco Multi Cap Fund1.06%2 +100%
Samco Small Cap Fund1.24%2 +100%
Groww Nifty Total Market Index Fund0.01%0 +6%
Angel One Nifty Total Market Index Fund0.01%0 +6%
Motilal Oswal BSE 1000 Index Fund0.01%0 +6%
Mirae Asset Nifty Total Market Index Fund0.01%0 +6%
Bandhan Nifty Total Market Index Fund0.01%0 +6%

Red flags

F-score 7 of 8
explainReceivables outrunning sales Receivables grew 112% vs sales +20% in 2026
lookRegulator order or action Regulator order or action 2025-12-20: Skipper Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,310 Cr +4.5% vs Jun 2025. Net profit ₹56 Cr +24.4%.
Against our estimate for Jun 2026: sales -16.5%, profit -1.3% in line. Our estimate for Sep 2026: sales Rs 1,476 Cr, profit Rs 58 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-08Dividend - Re 0.10 Per Share
2025-09-16Dividend - Re 0.10 Per Share
2024-09-12Annual General Meeting/Dividend - Re 0.10 Per Share
2024-01-12Rights 1:10 @ Premium Rs 193/-
2023-09-12Annual General Meeting/Dividend - Re 0.10 Per Share
2022-08-12Annual General Meeting/Dividend - Re 0.10 Per Share
2021-09-20 Annual General Meeting/Dividend - Rs 0.10 Per Share
2020-09-18 Annual General Meeting/Dividend - Rs 0.10 Per Share
2019-08-02 Annual General Meeting/Dividend - Rs 0.25 Per Share
2018-08-01 Annual General Meeting/Dividend- Rs 1.65 Per Share
2017-08-28 Annual General Meeting/Dividend - Rs 1.55 Per Share
2016-07-29 Annual General Meeting/ Dividend - Rs 1.40/- Per Share
2015-09-15 Annual General Meeting/ Dividend - Rs 1.30/- Per Share
DateTypeWhat it says
2026-10-01LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-09-24UpdatesIntimation of participation in Investor Conference.
2026-09-23Order winBagging/Receiving of orders/contracts
2026-09-17UpdatesESG Risk Assessments & Insights Limited has provided ESG Rating to the Company..
2026-09-16Shareholder meetingVoting results.
2026-09-15UpdatesIntimation of participation in Investors Conference.
2026-09-15Shareholder meetingProceedings of Annual General Meeting held on September 15, 2026
2026-09-05Volume querySignificant increase in volume has been observed in Skipper Limited. The Exchange, in order to ensure that investors have latest relevant information ...
2026-09-04Volume querySignificant increase in volume has been observed in Skipper Limited. The Exchange, in order to ensure that investors have latest relevant information ...
2026-08-27Press ReleaseA press release dated August 27, 2026, titled "Press release on receipt of order".
2026-08-22Revised Record dateThe Record date has been revised to 08-Sep-2026 for the purpose of DI.
2026-08-22UpdatesINTIMATION OF RECORD DATE.
2026-08-22Shareholder meetingNotice of Annual General Meeting to be held on September 15, 2026
2026-08-22UpdatesCopy of newspaper publication.
2026-08-22UpdatesCopy of TDS letter sent to shareholders.
2026-08-22UpdatesWeblink letter sent to shareholders.
2026-08-21Shareholder meetingNotice of Annual General Meeting to be held on September 15, 2026
2026-08-18UpdatesNewspaper Publication.
2026-08-18Concall / analyst meetTranscript
2026-08-17UpdatesNewspaper publication of Notice of AGM.
2026-08-17UpdatesNewspaper publication of notice of AGM.
2026-08-12Concall / analyst meetLink of Recording
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "press release".
2026-08-11Investor PresentationInvestor Presentation
2026-08-11UpdatesIntimation of Record date for Dividend.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Skipper Ltd?

Skipper Ltd (SKIPPER) has a market capitalisation of Rs 6,116 Cr. at the 2026-10-01 close.

What is the P/E ratio of Skipper Ltd?

Skipper Ltd trades at a P/E of 27.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Skipper Ltd's latest quarterly results?

In the Jun 2026 quarter, Skipper Ltd sales was Rs 1,310 Cr (+4.5% vs Jun 2025) and net profit was Rs 56 Cr.

What is the 52-week high and low of Skipper Ltd?

The 52-week high is Rs 616.80 and the 52-week low is Rs 327.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03