ALFA Finder
| Market Cap | ₹6,361.58 CrMid Cap |
|---|---|
| Revenue TTM | ₹5,608.79 CrOperating Income |
| RSI | 51.8Neutral Zone |
| Deal value | ₹797 Cr |
| Share of market cap | 12.5% |
| Share of annual revenue | 14.2% |
Key highlights
- Combined order win worth ₹797 crore across both domestic and international T&D segments
- Secured export orders for the supply of transmission towers and monopoles for Australian projects
- Awarded a 765 Kv domestic transmission line project from a reputed private developer
- Company is currently the largest manufacturer of T&D structures in India and tenth globally
- Financial performance shows strong growth with FY26 net profit increasing 42.71% year-on-year
Scope of the T&D Orders
Skipper Limited has expanded its contract backlog through a combined win of ₹797 crore. This includes export orders for the supply of transmission towers and monopoles specifically designated for Power Transmission & Distribution (T&D) projects in Australia. In the domestic market, the company has secured a 765 Kv transmission line project from a reputed domestic developer.
These wins reinforce Skipper's expertise in the high-voltage EPC segment and its capability to serve high-compliance developed markets. The order value is immediately added to the company's revenue pipeline for the coming quarters.
Strategic Geographic Diversification
The inclusion of Australian export orders marks a significant step in Skipper's strategy to increase its presence in developed international markets. Australia's transition to low-emission energy sources necessitates extensive grid expansion, creating a sustained demand for specialized transmission infrastructure. By penetrating the Australian T&D sector with specialized towers and monopoles, Skipper reduces reliance on the domestic market while building global credentials.
These projects typically require high technical compliance, aligning with the company's focus on technically demanding, higher-margin infrastructure solutions.
Core Business Divisions
- Engineering Products: Largest integrated manufacturer of transmission tower structures in India, offering end-to-end tower design and testing.
- Infrastructure Projects: Executes large-scale EPC projects, specifically focusing on the 765 Kv transmission segment and substations.
- Polymer Products: Produces premium quality polymer pipes and fittings for agricultural and plumbing sectors under the 'Skipper' brand.
- Global Presence: Operational footprint spans across 65+ countries including Latin America, Europe, Africa, and now increasing momentum in Australia.
- Industry Standing: Ranked among the top 10 tower manufacturers globally with over 44 years of domain knowledge in the power sector.
Financial Context and Growth Trajectory
Skipper Limited shows a strong growth profile with an annual revenue of ₹5,552.82 crore for FY26, representing a 19.8% year-on-year increase. Its net profit during the same period surged by 42.71% to reach ₹213.13 crore. The company maintains an order book that recently crossed the ₹10,000 crore threshold, providing strong multi-year revenue visibility.
Currently trading at a TTM P/E of 28.31, the valuation is notably lower than its three-year average P/E of 43.59. FII holding in the company has seen a quarterly increase of 4.57%, now totaling 10.64% of the shareholding pattern.
“The receipt of new orders aggregating to ₹797 crore across both domestic and international markets further strengthens our presence in higher-voltage transmission infrastructure and reinforce our focus on technically complex T&D projects.”
| Share price | ₹563.45 |
|---|---|
| Market capitalisation | ₹6,361.58 Cr |
| Revenue (annual) | ₹5,552.82 Cr |
| Net profit (annual) | ₹213.13 Cr |
| Revenue (latest quarter) | ₹1,309.83 Cr-21.41% vs previous quarter |
| Net profit (latest quarter) | ₹56.81 Cr-27.21% vs previous quarter |
| P/E (TTM) | 28.31×Sector 32.98× |
| Promoter holding | 61.48%-5.02% QoQ |
| FII holding | 10.64%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Skipper Limited announcing the receipt of new orders worth ₹797 crore for domestic and international projects. Market figures from a third-party data provider.
