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Companies›Industrials›Capital Goods›Electrical Equipment
NSE:SKIPPER

SKIPPER LIMITED

Capital Goods › Electrical Equipment·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹518.45
at close · 8 Nov 2026
▲ 1.10 (+0.21%)
ThemesRailways· growing

Latest filings

  1. Skipper incorporates wholly owned transmission subsidiary · Strategic Transactions
  2. Skipper profit rises 56% as order book reaches INR10,066 crore · Investor Communications
  3. Skipper fully uses ₹433.5 crore preferential issue proceeds · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures heavy electrical equipment for the power transmission sector, running three segments out of India. Engineering Products is the core, accounting for 78.5% of period segment revenue at INR 4,359.015 crore and the bulk of segment EBIT at INR 517.29 crore. Infrastructure Projects contributes 12.4% (INR 686.908 crore, EBIT INR 37.09 crore) and Polymer Products contributes 9.1% (INR 506.899 crore, EBIT INR 16.173 crore). Manufacturing capacity is being scaled from 375,000 MTPA to 450,000 MTPA by June 2026, with a stated target of 600,000 MTPA by FY28 through 75,000 MTPA annual additions. The order book stood at a record INR 8,502 crore at end-FY26, with annual inflows of INR 5,678 crore and a bidding pipeline of INR 33,000 crore split roughly 90% domestic and 10% export. Materials are the dominant cost at 64.0% of revenue, with other opex at 21.1%, employees at 4.8%, depreciation at 1.4% and capex at 6.6%. FY27 is being guided at 15% revenue growth and approximately 30% PAT growth, with a Crisil long-term rating upgrade to A+/Stable and bank facility limits enhanced from INR 4,301 crore to INR 4,621 crore.

Revenue mix · reported segments
Engineering Products78.5%
Infrastructure Projects12.4%
Polymer Products9.1%
Operating scale
Order book
INR 8,502 croreFY26
Bidding pipeline
INR 33,000 croreFY26
Manufacturing capacity
375,000 MTPA, scaling to 450,000 MTPA by June 2026FY26
Capacity utilisation
Above 85%FY26
Annual order inflows
INR 5,678 croreFY26
Domestic/export order mix
90% domestic / 10% exportFY26
Who pays it
Power transmission utilities and contractors in India and overseas, with about 90% of the order book domestic and 10% export
Biggest cost
Materials at 64.0% of revenue
Kind of business
Cyclical, capacity-heavy heavy electrical equipment maker exposed to power transmission capex
Where it sits
Only company globally with dual test beds at the same location; record INR 8,502 crore order book and 90% domestic / 10% export mix at end-FY26
Market Cap
₹6,402 Cr
P / E (TTM)
24.1×
EV / EBITDA
11.9×
Div Yield
0.02%
Growth
28.6%▲
Revenue 5y CAGR
PAT +58.3% · EBITDA +31.9%
Quality
19.8%▲
ROCE (5y median)
ROE 9.1% (5y median) · margin 10.3%
Leverage
0.62·
Debt / Equity · moderate
Net debt ₹734 Cr
Revenue FY21→FY26
3.5×▲
Margin +2.5 pts
₹1,582 Cr → ₹5,553 Cr
Cash conversion
1.84×▲
Operating cash ÷ profit · 5 yrs
₹931 Cr on ₹505 Cr
Moves on a normal day
1.52%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 35 Heavy Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#12/34
P/B#12/33
ROCE#25/36
ROE#25/34
Debt / Equity#26/34
EBITDA margin#26/36
Revenue growth#24/33
Profit growth#11/32

Scorecard

Measured from the filed financials, judged against its Heavy Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Revenue compounding 29% a year over 5 years
Profit compounding 58% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 19.8% (5-year median)
#25 of 36 in Heavy Electrical Equipment on the latest reported figures · up from 10.1% in FY21
Over 5 years it reported ₹505 Cr of profit and ₹931 Cr of operating cash — 1.84×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.62× equity
higher than 76% of its 34 Heavy Electrical Equipment peers

Charts

How has the market priced it — with filings on the timeline?

SKIPPER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SKIPPER LIMITED's filed financials and exchange disclosures

What does SKIPPER LIMITED do?

SKIPPER LIMITED is a Electrical Equipment company listed on NSE and BSE, trading under the symbol SKIPPER.

Is SKIPPER LIMITED profitable?

Yes. Over the trailing twelve months SKIPPER LIMITED reported a net profit of ₹246 Cr on revenue of ₹5,731 Cr.

Does SKIPPER LIMITED pay a dividend?

Yes. The dividend yield is 0.02% at the current price. It paid out 1% of its profit as dividend in FY26.

Is SKIPPER LIMITED debt-free?

No. It reported borrowings of ₹735 Cr on its 30 Sept 2026 balance sheet, or net debt of ₹734 Cr after cash. Debt stands at 0.62× equity. That is higher than 76% of its 34 Heavy Electrical Equipment peers.

Is SKIPPER LIMITED expensive compared with its peers?

On trailing P/E, SKIPPER LIMITED ranks 12 of 34 in Heavy Electrical Equipment — cheaper than 67% of them, against an industry median of 32.7×. This is a position, not a valuation judgement.

How much does the SKIPPER LIMITED share price move in a day?

On a typical session SKIPPER LIMITED moves 1.52% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SKIPPER LIMITED's announcements?

Every NSE and BSE filing by SKIPPER LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.