Skipper Ltd (NSE: SKIPPER): Heavy electrical equipment firm Skipper has received an enormous deal from government company Power Grid Corporation of India Limited. The company has informed the stock markets about this order.
The company’s stock continues to be a profitable deal for investors. The stock, which has seen the value of investment increase almost 4 times in a year, has increased by 50 percent in just one month.
The stock also closed with a rise of about 5 percent in Friday’s trading. The effect of the announcement of the order will be observed in the Today session.
What Information Has The Company Given Regarding The Order?
As per the firm it has received an order of the sum of Rs 737 crore from Power Grid Corporation of India (or PGCIL) to develop, provide, and construct the 765-kilowatt transmission line. When announced the order, company director Sharan Bansal told the media that this kind of order would speed up the rate of expansion shortly.
This company performs the building of distribution and power transmission structures as well as telecom structures. The company’s work is spread in more than 55 countries and the company works in segments like towers, EPC, poles, and railway electrification structures.
How Were The Company’s Results?
The company’s profit in the December quarter was Rs 20.47 crore, an increase of 115.3 percent compared to last year. This was 9.51 crore in the year before.
The total income was 801.58 crore which represents an increase of 80 percent compared to the previous year. EBITDA has increased by more than 70 percent compared to last year to Rs 79.32 crore.
What Did The Stock’s Performance Look Like?
The stock has proven as a multiple-bagger for investors. The stock has given a return of 479 percent in the last 3 years. The amount of investors has risen by 6 times. The stock has risen by 286 percent in just one year.
The stock is in a constant uptrend in the stock. The price has increased by over 50% in just one month. The stock has registered a gain of about 10 percent in just a week.
About Skipper Ltd (India) Company
Skipper Limited is an integrated production company, offering angle rolling towers, accessories, manufacturing of fasteners, engineering procurement, construction, and (EPC) line building.
Engineering Products, Infrastructure Projects, and Polymer Products are the segments of the firm.
Engineering Products segment: towers with accessories, towers, fasteners high-mast poles, scaffoldings, swaged poles solar power structures, railways, and many more.
Infrastructure Projects segment: Horizontal direct drilling, engineering, and construction services.
Polymer Products segment: polyvinyl chloride (PVC) and chlorinated Polyvinyl Chloride (CPVC) along with the soil, rain, and wastewater (SWR) pipeline and fittings, etc.
under the name Skipper, The Company makes a selection of high-quality fittings and pipes.
Fundamental Analysis of Skipper Ltd (India)
| Market Cap | ₹ 3,995 Cr. |
| Current Price | ₹ 354 |
| 52-wk High | ₹ 362 |
| 52-wk Low | ₹ 85.2 |
| Stock P/E | 55.8 |
| Book Value | ₹ 70.9 |
| Dividend | 0.03 % |
| ROCE | 11.9 % |
| ROE | 4.33 % |
| Face Value | ₹ 1.00 |
| P/B Value | 4.99 |
| OPM | 10.1 % |
| EPS | ₹ 6.35 |
| Debt | ₹ 730 Cr. |
| Debt to Equity | 0.91 |
Skipper Ltd (India) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹354 | ₹400 |
| 2025 | ₹412 | ₹432 |
| 2026 | ₹455 | ₹476 |
| 2027 | ₹490 | ₹612 |
| 2028 | ₹632 | ₹665 |
| 2029 | ₹670 | ₹690 |
| 2030 | ₹700 | ₹900 |
Skipper Ltd (India) Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 71.89% |
| Mar 2023 | 71.89% |
| June 2023 | 71.89% |
| Sept 2023 | 71.89% |
| Dec 2023 | 66.26% |
| FII Holding | |
| Dec 2022 | 9.51% |
| Mar 2023 | 9.93% |
| June 2023 | 8.09% |
| Sept 2023 | 7.40% |
| Dec 2023 | 7.17% |
| DII Holding | |
| Dec 2022 | 0.11% |
| Mar 2023 | 0.28% |
| June 2023 | 0.15% |
| Sept 2023 | 0.15% |
| Dec 2023 | 0.22% |
| Public Holding | |
| Dec 2022 | 18.48% |
| Mar 2023 | 17.89% |
| June 2023 | 19.85% |
| Sept 2023 | 20.57% |
| Dec 2023 | 26.34% |
Skipper Ltd (India) Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 1,871 Cr |
| 2020 | ₹ 1,391 Cr |
| 2021 | ₹ 1,582 Cr |
| 2022 | ₹ 1,707 Cr |
| 2023 | ₹ 2,786 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 31 Cr |
| 2020 | ₹ 41 Cr |
| 2021 | ₹ 21 Cr |
| 2022 | ₹ 29 Cr |
| 2023 | ₹ 72 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.74 |
| 2020 | 0.62 |
| 2021 | 0.55 |
| 2022 | 0.77 |
| 2023 | 0.63 |
Last 10 Years’ Profit Growth:
| 10 Years: | 6% |
| 5 Years: | -23% |
| 3 Years: | -7% |
| Current Year: | 94% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 4% |
Sales Growth Over 10 Years:
| 10 Years: | 8% |
| 5 Years: | -1% |
| 3 Years: | 13% |
| Current Year: | 49% |
Conclusion
This article is a complete guide about Skipper Ltd (India) Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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