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- SKIPPER
SKIPPER
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Recent events
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News
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Corporate Actions
India's Skipper rises on Q3 profit growth
** Shares of construction and engineering firm Skipper SKIP.NS up 2.18% at 477.15 rupees
** Co's third-quarter profit rises 76.3% to 360.9 million rupees ($4.12 million), helped by strong execution in engineering segment
** Revenue jumps 41.6% to 11.35 billion rupees; engineering products segment revenue up 75.2%
** More than 1.2 mln shares traded, nearly twice their 30-day avg
** Stock cuts YTD losses to 14%
($1 = 87.5450 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of construction and engineering firm Skipper SKIP.NS up 2.18% at 477.15 rupees
** Co's third-quarter profit rises 76.3% to 360.9 million rupees ($4.12 million), helped by strong execution in engineering segment
** Revenue jumps 41.6% to 11.35 billion rupees; engineering products segment revenue up 75.2%
** More than 1.2 mln shares traded, nearly twice their 30-day avg
** Stock cuts YTD losses to 14%
($1 = 87.5450 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Skipper Gets Show Cause Notice For Demand 4.1 Million Rupees
Jan 9 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER - GOT SHOW CAUSE NOTICE FOR DEMAND 4.1 MILLION RUPEES
Source text: ID:nNSE9WYKfY
Further company coverage: SKIP.NS
(([email protected];))
Jan 9 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER - GOT SHOW CAUSE NOTICE FOR DEMAND 4.1 MILLION RUPEES
Source text: ID:nNSE9WYKfY
Further company coverage: SKIP.NS
(([email protected];))
Skipper Ltd Sept-Quarter Consol Profit 329.3 Mln Rupees
Oct 28 (Reuters) - Skipper Ltd SKIP.NS:
SEPT-QUARTER CONSOL PROFIT 329.3 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.1 BILLION RUPEES
APPROVED RAISING OF FUNDS UP TO 6 BILLION RUPEES THROUGH QIP, FPO, OTHER MODES
Source text: ID:nNSE9bkNyg
Further company coverage: SKIP.NS
(([email protected];;))
Oct 28 (Reuters) - Skipper Ltd SKIP.NS:
SEPT-QUARTER CONSOL PROFIT 329.3 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.1 BILLION RUPEES
APPROVED RAISING OF FUNDS UP TO 6 BILLION RUPEES THROUGH QIP, FPO, OTHER MODES
Source text: ID:nNSE9bkNyg
Further company coverage: SKIP.NS
(([email protected];;))
Nuvama initiates coverage on India's Skipper with 'buy' rating
** Shares of power transmission and distribution tower maker Skipper SKIP.NS rise 6.9% to 473 rupees
** Brokerage Nuvama Research initiates coverage on SKIP with a "buy" rating and TP of 650 rupees
** Says, SKIP set for strong performance with govt's National Electricity Policy's projected 9.2 trln rupees ($109.6 bln) transmission capex (FY22–32)
** Co's performance to be driven by global shift towards renewable energy, boosting capex for transmission and distribution firms - Nuvama
** Including session's move, SKIP up 112% YTD
($1 = 83.9440 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of power transmission and distribution tower maker Skipper SKIP.NS rise 6.9% to 473 rupees
** Brokerage Nuvama Research initiates coverage on SKIP with a "buy" rating and TP of 650 rupees
** Says, SKIP set for strong performance with govt's National Electricity Policy's projected 9.2 trln rupees ($109.6 bln) transmission capex (FY22–32)
** Co's performance to be driven by global shift towards renewable energy, boosting capex for transmission and distribution firms - Nuvama
** Including session's move, SKIP up 112% YTD
($1 = 83.9440 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Hindustan Zinc Says Supplies Zinc For India's Heaviest Transmission Steel Pole Structure
Sept 10 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
SUPPLIES ZINC FOR INDIA'S HEAVIEST TRANSMISSION STEEL POLE STRUCTURE
HINDUSTAN ZINC LIMITED AND SKIPPER LIMITED PARTNER
CO, SKIPPER PARTNER FOR INDIA'S HEAVIEST TRANSMISSION STEEL POLE STRUCTURE
Source text for Eikon: ID:nBSE742qgS
Further company coverage: HZNC.NS
(([email protected];))
Sept 10 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
SUPPLIES ZINC FOR INDIA'S HEAVIEST TRANSMISSION STEEL POLE STRUCTURE
HINDUSTAN ZINC LIMITED AND SKIPPER LIMITED PARTNER
CO, SKIPPER PARTNER FOR INDIA'S HEAVIEST TRANSMISSION STEEL POLE STRUCTURE
Source text for Eikon: ID:nBSE742qgS
Further company coverage: HZNC.NS
(([email protected];))
India's Skipper gains on board's nod to fundraise
** Shares of India's Skipper SKIP.NS rise 2.2% before giving up most of its gains, last up 0.5%
** Construction co's board approved fundraise upto 6 bln rupees ($71.5 mln)
** YTD stock has jumped over 95%
($1 = 83.9375 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Skipper SKIP.NS rise 2.2% before giving up most of its gains, last up 0.5%
** Construction co's board approved fundraise upto 6 bln rupees ($71.5 mln)
** YTD stock has jumped over 95%
($1 = 83.9375 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Skipper Ltd- Approved Fundraise Upto 6 Billion Rupees
Skipper Ltd SKIP.NS:
SKIPPER LTD- APPROVED FUNDRAISE UPTO 6 BILLION RUPEES
Source text for Eikon: ID:nBSE9KXCxd
Further company coverage: SKIP.NS
Skipper Ltd SKIP.NS:
SKIPPER LTD- APPROVED FUNDRAISE UPTO 6 BILLION RUPEES
Source text for Eikon: ID:nBSE9KXCxd
Further company coverage: SKIP.NS
Skipper To Consider Raising Of Funds
Aug 22 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER LTD - TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE6hgGw3
Further company coverage: SKIP.NS
(([email protected];))
Aug 22 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER LTD - TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE6hgGw3
Further company coverage: SKIP.NS
(([email protected];))
India's Skipper hits record high on Q1 profit jump
** Shares of power transmission and distribution tower maker Skipper SKIP.NS rise 9.5% to 404.50 rupees, hitting a record high
** Co says June-quarter consol profit and revenue from ops nearly doubled
** SKIP on track for third straight session of gains
** More than 2.9 mln shares change hands, over three times the 30-day avg.
** Stock up ~79% YTD; it jumped ~81% in 2023, its best year since 2017
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of power transmission and distribution tower maker Skipper SKIP.NS rise 9.5% to 404.50 rupees, hitting a record high
** Co says June-quarter consol profit and revenue from ops nearly doubled
** SKIP on track for third straight session of gains
** More than 2.9 mln shares change hands, over three times the 30-day avg.
** Stock up ~79% YTD; it jumped ~81% in 2023, its best year since 2017
(Reporting by Dimpal Gulwani in Bengaluru)
Skipper March-Quarter Consol Profit Rises
May 2 (Reuters) - Skipper Ltd SKIP.NS:
MARCH-QUARTER CONSOL PROFIT 251.6 MILLION RUPEES VERSUS 237.2 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.54 BILLION RUPEES VERSUS 6.57 BILLION RUPEES
RE-APPOINTS SAJAN KUMAR BANSAL AS MD
Source text for Eikon: [ID:]
Further company coverage: SKIP.NS
(([email protected];))
May 2 (Reuters) - Skipper Ltd SKIP.NS:
MARCH-QUARTER CONSOL PROFIT 251.6 MILLION RUPEES VERSUS 237.2 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.54 BILLION RUPEES VERSUS 6.57 BILLION RUPEES
RE-APPOINTS SAJAN KUMAR BANSAL AS MD
Source text for Eikon: [ID:]
Further company coverage: SKIP.NS
(([email protected];))
India's Skipper hits record high on $89 mln order win
** Shares of Skipper SKIP.NS jump 13.4% to record high of 401 rupees in above-avg vol
** Power transmission and distribution structures maker gets7.37 bln rupees ($89 mln) order from Power Grid Corp of India PGRD.NS
** More than 1.7 mln shares change hands in early trade, 1.8x its 30-day avg
** Stock last up 5.8% on the day and has jumped ~38.5% so far in Feb
($1 = 82.8850 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Skipper SKIP.NS jump 13.4% to record high of 401 rupees in above-avg vol
** Power transmission and distribution structures maker gets7.37 bln rupees ($89 mln) order from Power Grid Corp of India PGRD.NS
** More than 1.7 mln shares change hands in early trade, 1.8x its 30-day avg
** Stock last up 5.8% on the day and has jumped ~38.5% so far in Feb
($1 = 82.8850 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Skipper Dec-Quarter Consol Profit Rises
Feb 12 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER DEC-QUARTER CONSOL PROFIT 204.7 MILLION RUPEES VERSUS PROFIT 95.1 MILLION RUPEES
SKIPPER DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.02 BILLION RUPEES VERSUS 4.45 BILLION RUPEES
Source text for Eikon: ID:nBSE5GK9v8
Further company coverage: SKIP.NS
(([email protected];))
Feb 12 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER DEC-QUARTER CONSOL PROFIT 204.7 MILLION RUPEES VERSUS PROFIT 95.1 MILLION RUPEES
SKIPPER DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.02 BILLION RUPEES VERSUS 4.45 BILLION RUPEES
Source text for Eikon: ID:nBSE5GK9v8
Further company coverage: SKIP.NS
(([email protected];))
Skipper Approved Terms And Conditions Of Rights Issue
Jan 8 (Reuters) - Skipper Ltd SKIP.NS:
APPROVED TERMS AND CONDITIONS OF RIGHTS ISSUE
RIGHTS ISSUE PRICE 194 RUPEES PER SHARE
RIGHTS ISSUE SIZE OF 10.3 MILLION EQUITY SHARES
RIGHTS ENTITLEMENT RATIO OF 1:10
Further company coverage: SKIP.NS
(([email protected];))
Jan 8 (Reuters) - Skipper Ltd SKIP.NS:
APPROVED TERMS AND CONDITIONS OF RIGHTS ISSUE
RIGHTS ISSUE PRICE 194 RUPEES PER SHARE
RIGHTS ISSUE SIZE OF 10.3 MILLION EQUITY SHARES
RIGHTS ENTITLEMENT RATIO OF 1:10
Further company coverage: SKIP.NS
(([email protected];))
Indian power firm Skipper up on over six-fold jump in Q2 profit
** Shares of Skipper SKIP.NS rise as much as 9.8% to 248 rupees, its biggest intraday pct gain since Sept. 1
** Power transmission and distribution structures maker reported a more than six-fold jump in profit to 197.8 mln rupees ($2.38 mln) from 29.9 mln rupees a year earlier
** Revenue from operations rose 67.2%
** More than 330,000 shares change hands by 09:30 a.m. IST, 1.1x its 30-day avg
** Stock currently up 6.2%, bumping YTD gains to 89.4%
($1 = 83.2425 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Skipper SKIP.NS rise as much as 9.8% to 248 rupees, its biggest intraday pct gain since Sept. 1
** Power transmission and distribution structures maker reported a more than six-fold jump in profit to 197.8 mln rupees ($2.38 mln) from 29.9 mln rupees a year earlier
** Revenue from operations rose 67.2%
** More than 330,000 shares change hands by 09:30 a.m. IST, 1.1x its 30-day avg
** Stock currently up 6.2%, bumping YTD gains to 89.4%
($1 = 83.2425 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
India's Skipper Sept-Quarter Consol Profit Rises
Nov 7 (Reuters) - Skipper Ltd SKIP.NS:
INDIA'S SKIPPER SEPT-QUARTER CONSOL PROFIT 197.8 MILLION RUPEES VERSUS PROFIT 29.9 MILLION RUPEES
SKIPPER LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.72 BILLION RUPEES VERSUS 4.62 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SKIP.NS
(([email protected];))
Nov 7 (Reuters) - Skipper Ltd SKIP.NS:
INDIA'S SKIPPER SEPT-QUARTER CONSOL PROFIT 197.8 MILLION RUPEES VERSUS PROFIT 29.9 MILLION RUPEES
SKIPPER LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.72 BILLION RUPEES VERSUS 4.62 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SKIP.NS
(([email protected];))
Skipper Wins New Order Of 9.24 Billion Rupees
Nov 2 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER LIMITED WINS NEW ORDER OF 9.24 BILLION RUPEES
Source text for Eikon: ID:nBSE1GTd9H
Further company coverage: SKIP.NS
(([email protected];;))
Nov 2 (Reuters) - Skipper Ltd SKIP.NS:
SKIPPER LIMITED WINS NEW ORDER OF 9.24 BILLION RUPEES
Source text for Eikon: ID:nBSE1GTd9H
Further company coverage: SKIP.NS
(([email protected];;))
India's Skipper surges on winning $71 mln of orders
** Shares of Skipper SKIP.NS rise as much as 7.51% to 244 rupees, highest in over a month
** Rise after power transmission and distribution structures maker secures new orders worth 5.88 bln rupees ($70.6 million) in domestic and international markets
** SKIP up 88% YTD - LSEG data
($1 = 83.2550 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Skipper SKIP.NS rise as much as 7.51% to 244 rupees, highest in over a month
** Rise after power transmission and distribution structures maker secures new orders worth 5.88 bln rupees ($70.6 million) in domestic and international markets
** SKIP up 88% YTD - LSEG data
($1 = 83.2550 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Skipper Approved Issuance Of Shares For Upto 2 Billion Rupees Via Rights Issue
Aug 16 (Reuters) - Skipper Ltd SKIP.NS:
APPROVED ISSUANCE OF SHARES FOR UPTO 2 BILLION RUPEES VIA RIGHTS ISSUE
Source text for Eikon: ID:nBSE2QgSFV
Further company coverage: SKIP.NS
(([email protected];))
Aug 16 (Reuters) - Skipper Ltd SKIP.NS:
APPROVED ISSUANCE OF SHARES FOR UPTO 2 BILLION RUPEES VIA RIGHTS ISSUE
Source text for Eikon: ID:nBSE2QgSFV
Further company coverage: SKIP.NS
(([email protected];))
India's Skipper Posts June-Quarter Consol Profit Vs Loss Yr Ago
Aug 10 (Reuters) - Skipper Ltd SKIP.NS:
INDIA'S SKIPPER LTD JUNE-QUARTER CONSOL PROFIT 162.5 MILLION RUPEES VERSUS LOSS 647,000 RUPEES
SKIPPER LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.55 BILLION RUPEES VERSUS 4.16 BILLION RUPEES
Source text for Eikon: ID:nBSE9R2zT3
Further company coverage: SKIP.NS
(([email protected];))
Aug 10 (Reuters) - Skipper Ltd SKIP.NS:
INDIA'S SKIPPER LTD JUNE-QUARTER CONSOL PROFIT 162.5 MILLION RUPEES VERSUS LOSS 647,000 RUPEES
SKIPPER LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.55 BILLION RUPEES VERSUS 4.16 BILLION RUPEES
Source text for Eikon: ID:nBSE9R2zT3
Further company coverage: SKIP.NS
(([email protected];))
Skipper Ltd - To Consider Matter Relating To Issue Of Share Warrant On Preferential Basis
Skipper Ltd SKIP.NS:
SKIPPER LTD - TO CONSIDER MATTER RELATING TO ISSUE OF SHARE WARRANT ON PREFERENTIAL BASIS
Source text for Eikon: ID:nBSE6WjmBr
Further company coverage: SKIP.NS
Skipper Ltd SKIP.NS:
SKIPPER LTD - TO CONSIDER MATTER RELATING TO ISSUE OF SHARE WARRANT ON PREFERENTIAL BASIS
Source text for Eikon: ID:nBSE6WjmBr
Further company coverage: SKIP.NS
India's Skipper hits near 5-yr high on $139-mln order win
** Shares of Skipper SKIP.NS up as much as 14.5% to 164.85 rupees, their highest since July 25, 2018
** Co on Saturday said it won order worth 11.35 bln rupees ($138.5 mln)
**Order for supply and construction of new transmission line projects for Powergrid Corp and tower and pole export supplies to Latin America, Middle East and North Africa region
**SKIP on track to rise for third straight session, if gains hold
** Over 1.8 mln shares change hands in early trade, 3.9x the 30-day moving avg
** As of last close, stock down 9.5% so far this year
($1 = 81.9700 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Skipper SKIP.NS up as much as 14.5% to 164.85 rupees, their highest since July 25, 2018
** Co on Saturday said it won order worth 11.35 bln rupees ($138.5 mln)
**Order for supply and construction of new transmission line projects for Powergrid Corp and tower and pole export supplies to Latin America, Middle East and North Africa region
**SKIP on track to rise for third straight session, if gains hold
** Over 1.8 mln shares change hands in early trade, 3.9x the 30-day moving avg
** As of last close, stock down 9.5% so far this year
($1 = 81.9700 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
India's Skipper March-Quarter Consol Profit Falls
May 15 (Reuters) - Skipper Ltd SKIP.NS:
INDIA'S SKIPPER MARCH-QUARTER CONSOL PROFIT 237.2 MILLION RUPEES VERSUS PROFIT 245.6 MILLION RUPEES
SKIPPER MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.57 BILLION RUPEES VERSUS 5.53 BILLION RUPEES
Further company coverage: SKIP.NS
(([email protected];))
May 15 (Reuters) - Skipper Ltd SKIP.NS:
INDIA'S SKIPPER MARCH-QUARTER CONSOL PROFIT 237.2 MILLION RUPEES VERSUS PROFIT 245.6 MILLION RUPEES
SKIPPER MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.57 BILLION RUPEES VERSUS 5.53 BILLION RUPEES
Further company coverage: SKIP.NS
(([email protected];))
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What does Skipper do?
Skipper Limited is a global leader in Transmission Tower manufacturing and Polymer Pipe business. They offer a wide range of products including pipes and fittings for Plumbing, Sewage, Agriculture, and Borewell sectors.
Who are the competitors of Skipper?
Skipper major competitors are Bajel Projects, Jyoti Structures, Inox Green Enrgy Ser, GMM Pfaudler, MTAR Technologies, Pitti Engineering, Lloyds Engr Works. Market Cap of Skipper is ₹5,179 Crs. While the median market cap of its peers are ₹4,398 Crs.
Is Skipper financially stable compared to its competitors?
Skipper seems to be less financially stable compared to its competitors. Altman Z score of Skipper is 3.29 and is ranked 7 out of its 8 competitors.
Does Skipper pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Skipper latest dividend payout ratio is 1.26% and 3yr average dividend payout ratio is 2.74%
How has Skipper allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable
How strong is Skipper balance sheet?
Balance sheet of Skipper is strong. But short term working capital might become an issue for this company.
Is the profitablity of Skipper improving?
Yes, profit is increasing. The profit of Skipper is ₹125 Crs for TTM, ₹81.67 Crs for Mar 2024 and ₹35.57 Crs for Mar 2023.
Is the debt of Skipper increasing or decreasing?
Yes, The debt of Skipper is increasing. Latest debt of Skipper is ₹599 Crs as of Sep-24. This is greater than Mar-24 when it was ₹308 Crs.
Is Skipper stock expensive?
Yes, Skipper is expensive. Latest PE of Skipper is 40.91, while 3 year average PE is 39.12. Also latest EV/EBITDA of Skipper is 13.24 while 3yr average is 10.64.
Has the share price of Skipper grown faster than its competition?
Skipper has given better returns compared to its competitors. Skipper has grown at ~30.53% over the last 1yrs while peers have grown at a median rate of -4.81%
Is the promoter bullish about Skipper?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Skipper is 66.48% and last quarter promoter holding is 66.48%.
Are mutual funds buying/selling Skipper?
The mutual fund holding of Skipper is decreasing. The current mutual fund holding in Skipper is 0.09% while previous quarter holding is 0.14%.