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Skipper Ltd (IN:SKIPPER)
:SKIPPER
India Market
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Skipper Ltd (SKIPPER) AI Stock Analysis

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IN:SKIPPER

Skipper Ltd

(SKIPPER)

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Neutral 63 (OpenAI - 5.2)
Rating:63Neutral
Price Target:
₹555.00
▲(28.79% Upside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak cash-flow conversion (negative free cash flow in the last two periods) despite strong revenue and earnings growth. Technically, the stock is in an uptrend with supportive momentum, which offsets some fundamental risk. Valuation is reasonable but not compelling at ~23.5x earnings, with a modest ~2.1% dividend yield.
Positive Factors
Revenue scale-up
Sustained multi-year revenue growth reflects consistent project wins and successful execution in core markets. A large and growing top line provides structural capacity to absorb fixed costs, supports long-term contract negotiating power, and underpins future margin recovery if cost controls improve.
Negative Factors
Negative free cash flow
Consecutive negative free cash flow indicates weaker cash conversion despite revenue growth, forcing reliance on external financing or equity to fund operations. Over a multi-month horizon this raises refinancing and working-capital risk, especially if project collections or capex remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scale-up
Sustained multi-year revenue growth reflects consistent project wins and successful execution in core markets. A large and growing top line provides structural capacity to absorb fixed costs, supports long-term contract negotiating power, and underpins future margin recovery if cost controls improve.
Read all positive factors

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

Skipper Ltd Business Overview & Revenue Model

Company Description
Skipper Limited, an enterprise based in India, specializes in the production and global distribution of engineering and polymer goods. Its operations are diversified across three distinct divisions: Engineering Products, Infrastructure Projects, a...
How the Company Makes Money
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Skipper Ltd Financial Statement Overview

Summary
Income statement strength (Score 72) reflects sharp revenue scale-up and higher net income, but margin volatility is a key risk. Balance sheet is adequate (Score 64) with rising equity, though increasing debt adds sensitivity if project cash conversion weakens. Cash flow is the main drag (Score 45) as free cash flow has turned negative in the last two periods, indicating weaker cash conversion during growth.
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue49.39B55.53B46.24B32.64B19.62B16.96B
Gross Profit14.20B20.10B10.33B4.73B3.16B4.42B
EBITDA4.92B5.78B4.52B3.11B1.99B1.72B
Net Income1.66B2.13B1.49B816.65M355.66M251.47M
Balance Sheet
Total Assets40.21B45.33B33.97B31.45B22.23B20.84B
Cash, Cash Equivalents and Short-Term Investments746.04M2.15B1.21B18.40M21.14M11.17M
Total Debt8.01B9.48B7.40B5.92B4.94B5.75B
Total Liabilities27.41B30.42B22.04B22.47B14.55B13.52B
Stockholders Equity12.80B14.91B11.93B8.98B7.67B7.32B
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 Sentiment
Positive
Last Price430.95
Price Trends
50DMA
461.42
Positive
100DMA
413.05
Positive
200DMA
453.72
Positive
Market Momentum
MACD
24.66
Positive
RSI
54.72
Neutral
STOCH
27.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SKIPPER, the sentiment is Positive. The current price of 430.95 is below the 20-day moving average (MA) of 511.33, below the 50-day MA of 461.42, and below the 200-day MA of 453.72, indicating a bullish trend. The MACD of 24.66 indicates Positive momentum. The RSI at 54.72 is Neutral, neither overbought nor oversold. The STOCH value of 27.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SKIPPER.

Skipper Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
₹82.18B22.570.05%15.81%11.50%
64
Neutral
₹214.05B20.570.77%21.63%72.41%
63
Neutral
₹58.78B27.410.02%15.23%39.75%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
48
Neutral
₹56.84B28.59-29.16%44.18%
48
Neutral
₹130.08B21.370.74%7.59%4.98%
47
Neutral
₹23.12B-1.79-33.77%-32.47%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:SKIPPER
Skipper Ltd
520.75
11.44
2.25%
IN:BGRENERGY
BGR Energy Systems Limited
320.45
214.15
201.46%
IN:HCC
Hindustan Construction Co. Ltd.
21.70
-12.85
-37.19%
IN:KEC
KEC International Ltd.
488.65
-392.58
-44.55%
IN:KPIL
Kalpataru Projects International Limited
1,253.45
96.55
8.35%
IN:POWERMECH
Power Mech Projects Ltd.
2,599.40
-463.25
-15.13%

Skipper Ltd Corporate Events

Skipper Publishes Postal Ballot Notice, Highlights SEBI Compliance
May 7, 2026
Skipper Limited has notified the stock exchanges that it has published a Postal Ballot Notice in the Financial Express (English) and Ek Din (Bengali), Kolkata editions, in line with regulatory requirements. The postal ballot publication, also host...
Skipper Discloses Voluntary ESG Score of 51 Rated as Adequate
May 5, 2026
Skipper Limited has disclosed that ESG Risk Assessments Insights Limited has assigned it an ESG score of 51, placing the company in the “Adequate” risk category based solely on publicly available information. The rating was issued on ...
Skipper Limited Sees Reaffirmation and Withdrawal of Acuite Credit Ratings
Apr 22, 2026
Skipper Limited has disclosed that Acuite Ratings Research has reaffirmed and subsequently withdrawn its long-term credit rating of Acuite A on facilities amounting to ₹847.20 crore, as well as withdrawn a separate long-term rating on &#837...
Skipper Sets Up Wholly Owned Brazilian Subsidiary to Drive Global Expansion
Mar 20, 2026
Skipper Limited has incorporated a wholly owned subsidiary, Skipper LATAM LTDA, in São Paulo, Brazil, with initial share capital of R$100,000 to sell towers and poles and related accessories. The move is part of the company’s long-term ...
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: May 09, 2026