Arthneeti

Skipper Q1 FY27 Share Price & Earnings Call Analysis

₹510.00+0.96% today
Market cap
₹6,236 Cr
P/E
27.50
ROE
16.29%
PEG
0.31
Price to sales
1.12
Debt to equity
0.63
52W high / low
₹605 / ₹330
Sales growth (5Y)
28.55%
EBITDA margin
10.44%
Net profit margin
3.90%
Promoter holding
61.48%
Sales (last year)
₹5,609 Cr

Guidance scorecard · Q1 FY27 call

What Skipper Ltd's management guided
and where it ranks in Electrical Equipment

#54of 58 in
Electrical Equipment
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

10–20%
  • Skipper Limited targets a 15% overall revenue growth for FY27, despite a slower Q1 due to monsoon and election-related disruptions.
  • Polymer segment aims for 20% revenue growth driven by both volume and value increases.
  • Order inflow guidance for FY27 is INR 7,000 crores+, potentially leading to a closing order book above INR 10,000 crores.
  • Export order inflows expected to see a 50% jump this year, primarily from developed markets (USA, Australia), targeting 15% of total inflows this year, and 20-25% next year.
  • Long-term aspiration for exports to comprise 50% of total order inflow.

2 more points from Skipper Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Skipper Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Skipper Limited is undertaking a 75,000 ton capacity expansion, expected to become operational by the end of Q2 FY27, raising total manufacturing capacity to 450,000 tons per annum, reinforcing their position as the largest power T&D structure…
  • The company plans to use the entire proceeds from the recent QIP fundraise for debt repayment and future capex, aiming to strengthen the balance sheet and provide ammunition for growth investments.
  • Expansion includes establishing subsidiaries in Brazil and UAE, with the U.S.A. entity expected to become operational shortly, supporting their strategy to expand exports, especially in developed markets.

2 more points from Skipper Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Skipper Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Skipper Limited's current unexecuted order book stands at over INR 9,200 crores, the highest ever for the company.
  • Orders are typically executable over 2 to 2.5 years.
  • Approximately INR 5,000 crores of the current order book is expected to be executed in FY27.
  • Fresh order inflows for FY27 are expected to be INR 7,000 crores plus, with INR 1,600 crores already secured in Q1.
  • The closing order book for FY27 is anticipated to exceed INR 10,000 crores.
  • Export orders are projected to be around INR 1,100 crores in FY27, a 50% increase over the previous year.

2 more points from Skipper Ltd's call on the order book

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Full Q1 FY27 analysis
Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Skipper Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Skipper Ltd announcements

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Financials of Skipper Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Skipper Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +5557728021,1541,0921,1101,1351,2881,2541,2621,3711,667
Expenses +4946997251,0459879971,0241,1641,1271,1311,2291,493
Operating Profit607477109105112111124127131141173
OPM %11%10%10%9%10%10%10%10%10%10%10%10%
Other Income +122333493-722
Interest283539525155505653545654
Depreciation121313141515171718192222
Profit before tax212826464245485960526599
Tax %33%32%33%48%25%25%26%25%25%28%23%24%
Net Profit +141918243234364445375076
EPS in Rs1.241.681.572.122.803.013.193.933.963.274.446.69

Financials of Skipper Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,3101,5011,6652,0741,8711,3911,5821,7071,9803,2824,6245,553
Expenses +1,0821,2731,3921,7691,6891,2511,4361,5391,7872,9614,1704,980
Operating Profit228227273305182140145168193321455573
OPM %17%15%16%15%10%10%9%10%10%10%10%10%
Other Income +153112445818-0
Interest70656879102857494105155214217
Depreciation222432463838454847536380
Profit before tax1371431771804318303047122195276
Tax %35%34%30%35%27%-128%30%6%31%39%25%25%
Net Profit +8995124118314121293375146207
EPS in Rs7.938.4611.0410.442.763.671.872.532.906.6112.9318.36
Dividend Payout %15%15%13%14%8%2%5%4%3%1%1%1%

Financials of Skipper Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010111111
Reserves2943715226276386776987257588811,1721,464
Borrowings +383468436496523454440568485579711948
Other Liabilities +3773414236104815727727849701,6681,4932,094
Total Liabilities1,0641,1901,3911,7441,6531,7131,9192,0872,2233,1383,3874,518
Fixed Assets +3513854975215145796576576977499011,167
CWIP3401428111214716134273
Investments0000910101111101010
Other Assets +7097658801,2211,1211,1141,2411,4061,5082,3622,3423,067
Total Assets1,0641,1901,3911,7441,6531,7131,9192,0872,2233,1383,3874,518

Financials of Skipper Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +174651768013421418017284199153277
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%57%

Financials of Skipper Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days105918291961151099366855598
Inventory Days959612315515420221325126326315291
Days Payable1008297135101154233200169267155147
Cash Conversion Cycle9910510811114916389144160815242
Working Capital Days243348566455665659482843
ROCE %31%27%27%25%13%9%9%10%12%20%24%23%

Guidance history

How Skipper Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlannedRising
Q4 FY26 call →10–20%Up 0–2%Planned—Flat
Q3 FY26 call →20–40%Up 0–2%Planned—Rising
Q2 FY26 call →20–40%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

60out of 100

Momentum score · price trend

60 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−2.3%58%
Last 6 months+6.6%63%
Last 3 months−3.2%58%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Skipper Ltd: 0.4 × 58 + 0.4 × 63 + 0.2 × 58 = 60.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Skipper Ltd's management said in earlier quarters

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