Skipper Ltd.

•
₹ 554-0.26%

2026-08-21

skipperlimited.comBSE: 538562NSE: SKIPPER
Market Cap₹ 6,710 Cr.
Current Price₹ 555
High / Low₹ 593 / 327
Stock P/E29.9
Book Value₹ 162
Price to Book4.14
Dividend Yield0.02 %
ROCE24.5 %
ROE14.3 %
Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Engineering Products: 76.1% • Infrastructure Projects: 14.6% • Polymer Products: 9.3%

PROS

  • Company has delivered good profit growth of 29.2% CAGR over last 5 years
  • Company has consistently been profitable over the last 5 years
  • Company has delivered good sales growth of 27.2% CAGR over last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.39x)
  • Latest quarter profit grew 25.5% YoY, showing strong momentum

CONS

  • Company has a low return on equity of 9.6% over last 3 years
  • Interest coverage is weak at 1.9x - earnings barely cover interest
  • Though reporting repeated profits, the company pays out little dividend (0.8%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
Capital GoodsCapital GoodsEngineering - Industrial Equipments
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.BHEL418.5059.91145724.350.33376.71182.707697.7240.299.246.69
2.THERMAX4024.5580.8247955.050.5021.79-85.612302.737.0915.852.98
3.INDOMIM966.6089.5847796.520.612401.22—12187.42—24.4833.36
4.KIRLOSENG2081.9555.4730296.510.34111.06-20.051999.5313.3614.4615.02
5.JYOTICNC951.9067.2921648.400.0057.14-19.99508.4723.9723.8821.40
6.AZAD2827.20131.3818258.550.0035.1619.46172.6025.9012.2837.29
7.TRITURBINE569.9553.8818118.620.7551.10-20.65442.7019.2335.9511.59
8.INOXINDIA1932.5568.8317540.500.1058.07-4.98370.799.1833.5420.46
9.LLOYDSENGG92.9964.4814423.110.2768.23-77.28527.15142.9217.9915.04
10.TEGA1724.35613.1212954.640.12-108.25-406.361723.44383.9918.563.27
11.KRN1502.65101.469836.120.0032.90164.84252.32118.8721.2119.44
12.SKIPPER549.4529.876710.290.0256.8125.541309.834.4624.4910.72
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
555
494
Operating Profit
—
OPM %
—
Other Income
1
Interest
28
Depreciation
12
21
Tax %
33.43%
Net Profit
0
2
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
772
699
Operating Profit
—
OPM %
—
Other Income
2
Interest
35
Depreciation
13
28
Tax %
31.60%
Net Profit
0
2
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
802
725
Operating Profit
—
OPM %
—
Other Income
2
Interest
39
Depreciation
13
26
Tax %
32.59%
Net Profit
0
2
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
1,154
1,045
Operating Profit
—
OPM %
—
Other Income
3
Interest
52
Depreciation
14
46
Tax %
48.42%
Net Profit
0
2
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
1,092
987
Operating Profit
—
OPM %
—
Other Income
3
Interest
51
Depreciation
15
42
Tax %
25.27%
Net Profit
32
3
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
1,110
997
Operating Profit
—
OPM %
—
Other Income
3
Interest
55
Depreciation
15
45
Tax %
25.33%
Net Profit
33
3
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
1,135
1,024
Operating Profit
—
OPM %
—
Other Income
4
Interest
50
Depreciation
17
48
Tax %
25.58%
Net Profit
36
3
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
1,288
1,164
Operating Profit
—
OPM %
—
Other Income
9
Interest
56
Depreciation
17
59
Tax %
24.98%
Net Profit
48
4
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
1,254
1,127
Operating Profit
—
OPM %
—
Other Income
3
Interest
53
Depreciation
18
60
Tax %
25.29%
Net Profit
45
4
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
1,262
1,131
Operating Profit
—
OPM %
—
Other Income
4
Interest
54
Depreciation
19
52
Tax %
28.38%
Net Profit
37
3
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
1,371
1,229
Operating Profit
—
OPM %
—
Other Income
2
Interest
56
Depreciation
22
65
Tax %
23.32%
Net Profit
53
5
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
1,667
1,493
Operating Profit
—
OPM %
—
Other Income
2
Interest
54
Depreciation
22
99
Tax %
23.59%
Net Profit
78
7
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
1,310
1,239
Operating Profit
—
OPM %
—
Other Income
4
Interest
47
Depreciation
22
76
Tax %
25.24%
Net Profit
57
1
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019
1,871
1,689
Operating Profit
183
OPM %
10
Other Income
1
Interest
102
Depreciation
38
43
Tax %
27
Net Profit
31
EPS
0
Dividend Payout %
8
Minority Interest
0
Share of Associates
-0
Adjusted EPS
3
Minority Interest
0
Share of Associates
-0
Adjusted EPS
3
Mar 2020
1,391
1,251
Operating Profit
142
OPM %
10
Other Income
2
Interest
85
Depreciation
38
18
Tax %
-128
Net Profit
41
EPS
0
Dividend Payout %
2
Minority Interest
0
Share of Associates
-0
Adjusted EPS
4
Minority Interest
0
Share of Associates
-0
Adjusted EPS
4
Mar 2021
1,582
1,464
Operating Profit
149
OPM %
9
Other Income
32
Interest
74
Depreciation
45
30
Tax %
30
Net Profit
21
EPS
2
Dividend Payout %
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2022
1,707
1,558
Operating Profit
172
OPM %
10
Other Income
23
Interest
94
Depreciation
48
27
Tax %
6
Net Profit
25
EPS
2
Dividend Payout %
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2023
1,980
1,800
Operating Profit
199
OPM %
10
Other Income
18
Interest
105
Depreciation
47
50
Tax %
29
Net Profit
36
EPS
3
Dividend Payout %
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2024
3,282
2,970
Operating Profit
329
OPM %
10
Other Income
17
Interest
155
Depreciation
53
128
Tax %
36
Net Profit
82
EPS
8
Dividend Payout %
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Mar 2025
4,624
4,175
Operating Profit
472
OPM %
10
Other Income
23
Interest
214
Depreciation
63
199
Tax %
25
Net Profit
149
EPS
13
Dividend Payout %
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
TTM
5,609
5,092
Operating Profit
—
OPM %
—
Other Income
12
Interest
211
Depreciation
84
292
Tax %
25
Net Profit
219
EPS
—
Dividend Payout %
—
Minority Interest
0
Share of Associates
6
Adjusted EPS
—
Minority Interest
0
Share of Associates
6
Adjusted EPS
—

COMPOUNDED SALES GROWTH

10 Years:
—
5 Years:
27%
3 Years:
39%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
29%
3 Years:
81%

STOCK PRICE CAGR

10 Years:
14%
5 Years:
48%
3 Years:
42%
1 Year:
3%

RETURN ON EQUITY

10 Years:
—
5 Years:
7%
3 Years:
10%
Last Year:
14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Sep 4

₹ 0.10

Rs.0.1000 per share(10%)Final Dividend

2025

Sep 16

₹ 0.10

Rs.0.1000 per share(10%)Final Dividend

2024

Sep 12

₹ 0.10

Rs.0.1000 per share(10%)Dividend

2023

Sep 12

₹ 0.10

Rs.0.1000 per share(10%)Final Dividend

2022

Aug 12

₹ 0.10

Rs.0.1000 per share(10%)Dividend

2021

Sep 20

₹ 0.10

Rs.0.1000 per share(10%)Final Dividend

2020

Sep 18

₹ 0.10

Rs.0.1000 per share(10%)Dividend

2018

Aug 1

₹ 1.65

Rs.1.6500 per share(165%)Dividend

2017

Aug 28

₹ 1.55

Rs.1.5500 per share(155%)Dividend

2016

Jul 29

₹ 1.40

Rs.1.4000 per share(140%)Dividend

2015

Sep 15

₹ 1.30

Rs.1.3000 per share(130%)Dividend

2026

Aug 12

₹ 0.10

Rs.0.1000 per share(10%)Final Dividend

Mar 2019
Equity Capital
10
638
359
Trade Payables
351
294
Total Liabilities
1,653
514
Capital Work in Progress
8
9
535
0
Cash & Bank
11
575
Total Assets
1,653
Total Debt
523
Net Working Capital
341
Contingent Liabilities
24
Book Value per Share
63.17
Face Value
1.00
Total Debt
523
Net Working Capital
341
Contingent Liabilities
24
Book Value per Share
63.17
Face Value
1.00
Mar 2020
Equity Capital
10
677
297
Trade Payables
374
354
Total Liabilities
1,713
579
Capital Work in Progress
11
9
492
0
Cash & Bank
13
609
Total Assets
1,713
Total Debt
454
Net Working Capital
224
Contingent Liabilities
25
Book Value per Share
66.94
Face Value
1.00
Total Debt
454
Net Working Capital
224
Contingent Liabilities
25
Book Value per Share
66.94
Face Value
1.00
Mar 2021
Equity Capital
10
698
182
Trade Payables
657
372
Total Liabilities
1,919
657
Capital Work in Progress
12
10
601
0
Cash & Bank
26
613
Total Assets
1,919
Total Debt
439
Net Working Capital
313
Contingent Liabilities
19
Book Value per Share
68.94
Face Value
1.00
Total Debt
439
Net Working Capital
313
Contingent Liabilities
19
Book Value per Share
68.94
Face Value
1.00
Mar 2022
Equity Capital
10
722
355
Trade Payables
626
371
Total Liabilities
2,084
657
Capital Work in Progress
14
7
786
0
Cash & Bank
39
581
Total Assets
2,084
Total Debt
567
Net Working Capital
301
Contingent Liabilities
18
Book Value per Share
71.31
Face Value
1.00
Total Debt
567
Net Working Capital
301
Contingent Liabilities
18
Book Value per Share
71.31
Face Value
1.00
Mar 2023
Equity Capital
10
757
292
Trade Payables
588
575
Total Liabilities
2,223
697
Capital Work in Progress
7
10
913
0
Cash & Bank
31
564
Total Assets
2,223
Total Debt
484
Net Working Capital
350
Contingent Liabilities
26
Book Value per Share
74.75
Face Value
1.00
Total Debt
484
Net Working Capital
350
Contingent Liabilities
26
Book Value per Share
74.75
Face Value
1.00
Mar 2024
Equity Capital
10
887
223
Trade Payables
1,221
804
Total Liabilities
3,145
749
Capital Work in Progress
16
17
1,203
766
Cash & Bank
135
258
Total Assets
3,145
Total Debt
577
Net Working Capital
566
Contingent Liabilities
26
Book Value per Share
87.40
Face Value
1.00
Total Debt
577
Net Working Capital
566
Contingent Liabilities
26
Book Value per Share
87.40
Face Value
1.00
Mar 2025
Equity Capital
11
1,182
396
Trade Payables
1,222
587
Total Liabilities
3,397
901
Capital Work in Progress
133
20
1,197
701
Cash & Bank
121
324
Total Assets
3,397
Total Debt
701
Net Working Capital
474
Contingent Liabilities
30
Book Value per Share
105.75
Face Value
1.00
Total Debt
701
Net Working Capital
474
Contingent Liabilities
30
Book Value per Share
105.75
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019
134
Cash from Investing
-41
Cash from Financing
-93
-0
Free Cash Flow
134
OCF / Net Profit
4.30
Cumulative 5-Year FCF
0
OCF / Net Profit
4.30
Cumulative 5-Year FCF
0
Mar 2020
215
Cash from Investing
-51
Cash from Financing
-163
0
Free Cash Flow
112
OCF / Net Profit
5.17
Cumulative 5-Year FCF
0
OCF / Net Profit
5.17
Cumulative 5-Year FCF
0
Mar 2021
180
Cash from Investing
-100
Cash from Financing
-81
0
Free Cash Flow
58
OCF / Net Profit
8.55
Cumulative 5-Year FCF
0
OCF / Net Profit
8.55
Cumulative 5-Year FCF
0
Mar 2022
17
Cash from Investing
-48
Cash from Financing
31
0
Free Cash Flow
-30
OCF / Net Profit
0.69
Cumulative 5-Year FCF
0
OCF / Net Profit
0.69
Cumulative 5-Year FCF
0
Mar 2023
284
Cash from Investing
-98
Cash from Financing
-185
1
Free Cash Flow
207
OCF / Net Profit
7.99
Cumulative 5-Year FCF
0
OCF / Net Profit
7.99
Cumulative 5-Year FCF
0
Mar 2024
199
Cash from Investing
-187
Cash from Financing
-12
-0
Free Cash Flow
91
OCF / Net Profit
2.44
Cumulative 5-Year FCF
438
OCF / Net Profit
2.44
Cumulative 5-Year FCF
438
Mar 2025
153
Cash from Investing
-201
Cash from Financing
51
4
Free Cash Flow
-166
OCF / Net Profit
1.03
Cumulative 5-Year FCF
159
OCF / Net Profit
1.03
Cumulative 5-Year FCF
159

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019
EPS (₹)
3.04
Book Value (₹)
63.17
Dividend per Share (₹)
0.25
Cash EPS (₹)
6.57
Operating Margin %
9.78%
Net Margin %
1.67%
ROE %
4.81%
ROCE %
12.38%
1.89%
Debtor Days
96
Inventory Days
104
Payable Days
101
99
Debt to Equity (x)
0.81x
Interest Coverage (x)
1.42x
1.44x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
4.02
Book Value (₹)
66.94
Dividend per Share (₹)
0.10
Cash EPS (₹)
7.57
Operating Margin %
10.09%
Net Margin %
2.96%
ROE %
6.21%
ROCE %
8.96%
2.47%
Debtor Days
121
Inventory Days
134
Payable Days
149
106
Debt to Equity (x)
0.66x
Interest Coverage (x)
1.21x
1.27x
Revenue Growth %
-25.68%
Operating Profit Growth %
-22.55%
Net Profit Growth %
32.93%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
2.09
Book Value (₹)
68.94
Dividend per Share (₹)
0.10
Cash EPS (₹)
6.31
Operating Margin %
9.36%
Net Margin %
1.32%
ROE %
3.02%
ROCE %
9.09%
1.16%
Debtor Days
104
Inventory Days
125
Payable Days
183
46
Debt to Equity (x)
0.62x
Interest Coverage (x)
1.41x
1.35x
Revenue Growth %
13.74%
Operating Profit Growth %
5.33%
Net Profit Growth %
-49.19%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
2.45
Book Value (₹)
71.31
Dividend per Share (₹)
0.10
Cash EPS (₹)
7.01
Operating Margin %
10.00%
Net Margin %
1.46%
ROE %
3.49%
ROCE %
9.85%
1.26%
Debtor Days
96
Inventory Days
147
Payable Days
205
38
Debt to Equity (x)
0.77x
Interest Coverage (x)
1.29x
1.28x
Revenue Growth %
7.94%
Operating Profit Growth %
15.49%
Net Profit Growth %
19.28%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
3.46
Book Value (₹)
74.75
Dividend per Share (₹)
0.10
Cash EPS (₹)
7.83
Operating Margin %
9.93%
Net Margin %
1.78%
ROE %
4.74%
ROCE %
12.14%
1.65%
Debtor Days
72
Inventory Days
155
Payable Days
111
116
Debt to Equity (x)
0.63x
Interest Coverage (x)
1.48x
1.32x
Revenue Growth %
16.01%
Operating Profit Growth %
15.31%
Net Profit Growth %
41.43%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
7.95
Book Value (₹)
87.40
Dividend per Share (₹)
0.10
Cash EPS (₹)
13.07
Operating Margin %
9.42%
Net Margin %
2.46%
ROE %
9.81%
ROCE %
20.80%
3.04%
Debtor Days
62
Inventory Days
116
Payable Days
75
104
Debt to Equity (x)
0.64x
Interest Coverage (x)
1.83x
1.32x
Revenue Growth %
65.73%
Operating Profit Growth %
65.54%
Net Profit Growth %
129.62%
129.61%
P/E (x)
40.73x
P/B (x)
3.71x
Dividend Yield %
0.03%
11.45x
Mar 2025
EPS (₹)
13.24
Book Value (₹)
105.75
Dividend per Share (₹)
0.10
Cash EPS (₹)
18.85
Operating Margin %
9.65%
Net Margin %
3.21%
ROE %
14.29%
ROCE %
24.49%
4.57%
Debtor Days
58
Inventory Days
94
Payable Days
84
68
Debt to Equity (x)
0.59x
Interest Coverage (x)
1.93x
1.26x
Revenue Growth %
40.90%
Operating Profit Growth %
43.56%
Net Profit Growth %
82.88%
66.42%
P/E (x)
33.11x
P/B (x)
4.14x
Dividend Yield %
0.02%
11.70x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
66.48
3.64
0.24
Government
0.00
29.65
Sep 2024
66.48
4.39
0.24
Government
0.00
28.89
Dec 2024
66.48
4.82
0.48
Government
0.00
28.22
Mar 2025
66.48
5.13
0.30
Government
0.00
28.08
Jun 2025
66.48
5.42
0.25
Government
0.00
27.85
Sep 2025
66.48
6.55
0.49
Government
0.00
26.48
Dec 2025
66.48
6.37
0.79
Government
0.00
26.36
Mar 2026
66.50
6.07
1.66
Government
0.00
25.77
Jun 2026
66.50
4.11
1.92
Government
0.00
27.47

Documents

Announcements

Annual Reports

Credit Ratings

  • Credit Rating

    2026-07-04 - Skipper Limited has informed the Exchange about Credit Rating

  • Credit Rating

    2026-06-24 - Skipper Limited has informed the Exchange about Credit Rating

Concalls

  • Aug 2026

    TranscriptPPTREC

  • May 2026

    TranscriptPPTREC

  • Apr 2026

    TranscriptPPTREC