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Skipper Ltd (SKIPPER) AI Stock Analysis

IN:SKIPPER

Skipper Ltd

(NSE:SKIPPER)

Select Model
Rating:48Neutral
Price Target:INR 589.00â–²(19.79% Upside)
Action:reiterated
Date:08/09/26

Skipper Ltd scores below average primarily due to persistently negative free cash flow despite strong revenue growth, signaling that the company's aggressive expansion is consuming more cash than it generates — a key risk for sustainability. Thin net margins (~3%) and rising debt further weaken the financial profile. Valuation at ~28x P/E appears stretched given the cash flow challenges and modest profitability, offering limited margin of safety. Technical indicators confirm near-term bearish momentum with the stock trading below key short-term moving averages and negative MACD. The longer-term growth story remains compelling if execution holds, but current fundamentals and technicals warrant caution.

Positive Factors
Strong Revenue GrowthRevenue expansion of this magnitude indicates strong project wins and execution momentum. If the company can sustain order conversion, the larger operating base should support continued scale, broaden market presence, and provide a platform for further earnings growth over the next several quarters.
Negative Factors
Negative Free Cash FlowNegative free cash flow for two consecutive periods shows that reported growth is not currently translating consistently into surplus cash. Heavy reinvestment or working-capital needs can increase reliance on external funding and reduce flexibility if project collections or execution become less favorable.

Skipper Ltd (SKIPPER) vs. iShares MSCI India ETF (INDA)

-40%-30%-20%-10%0%10%20%IN:SKIPPER-4.51%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 60.14B
Dividend Yield
0.02%
Average Volume (3M)
49.11K
Price to Earnings (P/E)
24.7
Beta (1Y)
1.52
Revenue Growth
17.18%
EPS Growth
38.22%
Country
India
Employees
8,762
Sector
General
Sector Strength
55
Industry
Manufacturing - Metal Fabrication

Skipper Ltd Business Overview & Revenue Model

Company Description

Skipper Ltd. engages in the manufacture of electrical transmission towers and polymer pipe. It operates through the following segments: Engineering Products, Infrastructure Projects, and Polymer Products. The Engineering Products segment includes pow...

Skipper Ltd Financial Statement Overview

Summary

Skipper Ltd shows impressive revenue growth (~3x over five years) and improving net income, but this is significantly offset by thin net margins (~3%), volatile gross margins, and critically weak cash flow. Free cash flow has been negative in three of the last five years (FY2025: -₹846M), indicating the company is not converting profits into cash. The balance sheet is adequate but increasingly leveraged (debt rising to ₹9.5B projected in FY2026). The income statement score of 62 reflects solid growth momentum, but the cash flow score of 38 and balance sheet score of 52 drag the composite financial picture down materially. The capital-intensive expansion phase introduces meaningful financial risk.

Income Statement

62Positive

Balance Sheet

52Neutral

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue56.09B55.53B46.24B32.64B19.62B16.96B
Gross Profit14.02B20.10B10.33B4.73B3.16B4.42B
EBITDA5.85B5.78B4.52B3.11B1.99B1.72B
Net Income2.25B2.13B1.49B816.65M355.66M251.47M
Balance Sheet
Total Assets045.33B33.97B31.45B22.23B20.84B
Cash, Cash Equivalents and Short-Term Investments319.42M2.15B1.21B18.40M21.14M11.17M
Total Debt09.48B7.40B5.92B4.94B5.75B
Total Liabilities-14.91B30.42B22.04B22.47B14.55B13.52B
Stockholders Equity14.91B14.91B11.93B8.98B7.67B7.32B
Cash Flow
Free Cash Flow-174.53M-890.03M-846.27M971.69M1.99B-248.44M
Operating Cash Flow1.37B2.77B1.53B1.99B2.84B172.77M
Investing Cash Flow-925.32M-2.72B-2.01B-1.87B-979.39M-481.65M
Financing Cash Flow-441.04M-79.90M511.55M-124.50M-1.85B310.53M

Skipper Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price491.70

Price Trends

50DMA540.22Negative
100DMA540.26Negative
200DMA474.91Positive

Market Momentum

MACD-13.17Positive
RSI40.87Neutral
STOCH57.38Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SKIPPER, the sentiment is Negative. The current price of 491.70 is below the 20-day moving average (MA) of 516.61, below the 50-day MA of 540.22, and above the 200-day MA of 474.91, indicating a neutral trend. The MACD of -13.17 indicates Positive momentum. The RSI at 40.87 is Neutral, neither overbought nor oversold. The STOCH value of 57.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SKIPPER.

Skipper Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:SKIPPER against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:KPILIN:KPIL78OutperformINR 228.07B20.10―0.82%14.56%58.06%
IN:POWERMECHIN:POWERMECH74OutperformINR 68.39B17.48―0.07%15.79%22.69%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SKIPPERIN:SKIPPER48NeutralINR 60.04B24.75―0.02%17.18%38.22%
IN:KECIN:KEC46NeutralINR 87.75B15.85―1.67%5.14%-9.35%
IN:HCCIN:HCC45NeutralINR 44.98B22.26――-20.64%-12.46%
IN:BGRENERGYIN:BGRENERGY40UnderperformINR 20.35B-1.63――-38.23%-10.95%

* General Sector Average

Performance Comparison

-40%-20%0%IN:SKIPPERIN:BGRENERGYIN:HCCIN:KECIN:KPILIN:POWERMECHDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:SKIPPER and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:SKIPPERSkipper Ltd491.70-27.31-5.26%
IN:BGRENERGYBGR Energy Systems Limited282.00-148.80-34.54%
IN:HCCHindustan Construction Co. Ltd.17.17-11.36-39.82%
IN:KECKEC International Ltd.329.65-472.86-58.92%
IN:KPILKalpataru Projects International Limited1335.5071.395.65%
IN:POWERMECHPower Mech Projects Ltd.2163.15-332.96-13.34%

Skipper Ltd Corporate Events

Skipper Limited Files SEBI Compliance Certificate for Q2 2026

Oct 10, 2026

Skipper Limited has filed a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026. The certificate from registrar Maheshwari Datamatics confirms that no dem...

Skipper Gets Voluntary ESG Score of 60, Rated ‘Adequate’ on Risk

Sep 17, 2026

Skipper Limited has received an ESG score of 60 from ESG Risk Assessments & Insights Limited based on publicly available information. The assessment categorizes the company’s ESG risk as “Adequate,” offering stakeholders a bench...

Skipper Moves to Bridge Email Gap With AGM, Annual Report Weblinks

Aug 22, 2026

Skipper Limited has notified exchanges that it has sent physical letters to shareholders whose email addresses are not registered, providing web links to access the company’s integrated annual report and the notice of its 45th annual general me...

Skipper Limited Outlines TDS Rules and Record Date for FY 2025-26 Dividend

Aug 22, 2026

Skipper Limited has informed stock exchanges that its board has recommended a dividend of ₹0.10 per equity share of face value ₹1 for the financial year ended 31 March 2026, to be paid after shareholder approval at the annual general meet...

Skipper Limited Publishes AGM Notice and FY26 Annual Report Dispatch

Aug 22, 2026

Skipper Limited has announced that it has completed dispatch of the notice convening its 45th Annual General Meeting and the annual report for the financial year ended 31 March 2026 to shareholders. The public notice of this dispatch has been publish...

Skipper Ltd Sets Virtual AGM, Proposes Dividend and Audit Remuneration

Aug 22, 2026

Skipper Limited has scheduled its 45th Annual General Meeting for 15 September 2026 at 11:30 a.m. IST, to be conducted via video conferencing or other audio visual means, with remote e-voting provided through NSDL. The company has revised the cut-off...

Skipper Ltd Resets Record Date for 2025-26 Final Dividend

Aug 22, 2026

Skipper Ltd has revised the record date for determining eligible shareholders to receive its final dividend for the 2025-26 financial year. The new record date for equity shareholders is set as 8 September 2026, replacing the previously communicated...

Skipper Revises Record Date for FY 2025-26 Final Dividend Eligibility

Aug 22, 2026

Skipper Ltd has revised the record date for determining eligible shareholders for its proposed final dividend for financial year 2025-26, shifting it from 4 September 2026 to 8 September 2026. The dividend remains subject to shareholder approval at t...

Skipper Limited Publishes Q1 FY27 Results in Newspapers, Reaffirms SEBI Compliance

Aug 12, 2026

Skipper Limited, a Kolkata-based listed company trading on both the National Stock Exchange of India and BSE, has reaffirmed its compliance-focused approach to investor communications by formally notifying exchanges of its latest statutory financial...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 09, 2026