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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Skipper Ltd

About the Company - Skipper Ltd

Skipper Ltd. is a Public Limited Listed company incorporated on 05/03/1981 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L40104WB1981PLC033408 and registration number is 033408. Currently Company is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 1707.08 Cr. and Equity Capital is Rs. 10.27 Cr. for the Year ended 31/03/2022.
Engineering - General3A, Loudon Street, Kolkata West Bengal
NamePosition Held
Mr. Amit Kiran DebChairman & Ind.Director
Mr. Sajan Kumar BansalManaging Director
Mr. Sharan BansalWhole Time Director
Mr. Devesh BansalWhole Time Director
Mr. Siddharth BansalWhole Time Director
Mr. Yash Pall JainWhole Time Director
Mrs. Mamta BinaniIndependent Director
Mr. Ashok BhandariIndependent Director
Mr. Raj Kumar PatodiIndependent Director
Mr. Pramod Kumar ShahIndependent Director

Skipper Ltd. Share Price Update

Share PriceValue
Previous Day₹281.15

Basic Stock Data of Skipper Ltd

Market Cap 3,966 Cr.
Current Price 351
High / Low401/85.2
Stock P/E55.4
Book Value 70.9
Dividend Yield0.03 %
ROCE11.9 %
ROE4.33 %
Face Value 1.00

Data Source:

Competitors of Skipper Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Thejo Engineering Ltd 2,465 Cr. 2,2912,340/1,12651.5 2050.09 %20.8 %18.1 % 10.0
Salasar Techno Engineering Ltd 4,189 Cr. 26.534.1/7.2082.0 2.640.08 %14.3 %11.9 % 1.00
A2Z Infra Engineering Ltd 225 Cr. 12.815.2/5.10 2.010.00 %6.57 %15.7 % 10.0
Va Tech Wabag Ltd 4,938 Cr. 794828/30616.2 2700.00 %19.5 %3.11 % 2.00
Macpower CNC Machines Ltd 923 Cr. 9231,021/20750.7 1050.16 %19.3 %14.2 % 10.0
Industry Average2,548.00 Cr809.4640.08116.930.07%16.09%12.60%6.60

Skipper Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit48444317424862364045726074
OPM %12%10%9%6%9%12%11%9%9%10%11%11%10%
Other Income0121111111212
Profit before tax191713-1461425079302128
Tax %34%33%28%34%25%38%-0%36%36%25%31%33%32%
Net Profit12119-94825057211419
EPS in Rs1.101.010.80-0.830.390.752.230.020.400.631.851.241.68

Skipper Ltd Quarterly Chart

Skipper Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit6290118228227273305182140145168193251
OPM %8%10%11%17%15%16%15%10%10%9%10%10%10%
Other Income1121531124456
Profit before tax152837137143177180431830304789
Tax %32%33%27%35%34%30%35%27%-128%30%6%31%
Net Profit1019278995124118314121293361
EPS in Rs12.841.752.397.938.4611.0410.442.763.671.872.532.905.40
Dividend Payout %7%5%6%15%15%13%14%8%2%5%4%3%

Skipper Ltd Profit & Loss Yearly Chart

Skipper Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:-1%
3 Years:13%
Compounded Profit Growth
10 Years:6%
5 Years:-23%
3 Years:-7%
Stock Price CAGR
10 Years:%
5 Years:39%
3 Years:73%
1 Year:252%
Return on Equity
10 Years:11%
5 Years:4%
3 Years:4%
Last Year:4%

Skipper Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7101010101010101010101010
Preference Capital2900000000000
Other Liabilities2351562113773414236104815727727849701,202
Total Liabilities6697878821,0641,1901,3911,7441,6531,7131,9192,0872,2232,732
Fixed Assets283326339351385497521514579657657697726
Other Assets3854575357097658801,2211,1211,1141,2411,4061,5081,973
Total Assets6697878821,0641,1901,3911,7441,6531,7131,9192,0872,2232,732

Skipper Ltd Reserves and Borrowings Chart

Skipper Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 79-62101174651768013421418017284
Cash from Investing Activity -55-56-32-32-92-79-42-41-51-100-48-98
Cash from Financing Activity -22122-79-11613-110-39-93-163-8131-185
Net Cash Flow24-1026-14-13-1-00001

Skipper Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days696381105918291961151099366
Inventory Days1101271109596123155154202213251263
Days Payable7362751008297135101154233200169
Cash Conversion Cycle1071281169910510811114916389144160
Working Capital Days871141007294101108126124109132113
ROCE %11%14%16%31%27%27%25%13%9%9%10%12%

Skipper Ltd Financial Efficiency Indicators Chart

Skipper Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders18,50026,50931,15529,96529,47629,64329,18424,52825,11826,13238,42544,633

Skipper Ltd Shareholding Pattern Chart

No. of Skipper Ltd Shareholders

This stock is not held by any mutual fund

Skipper Ltd ROCE Trend

Skipper Ltd EPS Trend

Skipper Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)3.462.452.094.023.04
Diluted EPS (Rs.)3.462.452.094.023.04
Cash EPS (Rs.)7.747.516.467.756.73
Book Value[Excl.RevalReserv]/Share (Rs.)74.7571.3168.9466.9463.17
Book Value[Incl.RevalReserv]/Share (Rs.)74.7571.3168.9466.9463.17
Revenue From Operations / Share (Rs.)192.88166.27154.04135.43182.22
PBDIT / Share (Rs.)19.2716.7414.3913.7417.77
PBIT / Share (Rs.)14.7212.019.9810.0314.08
PBT / Share (Rs.)4.592.962.931.784.19
Net Profit / Share (Rs.)3.192.792.054.043.04
NP After MI And SOA / Share (Rs.)3.462.452.094.023.04
PBDIT Margin (%)9.9910.069.3410.149.75
PBIT Margin (%)7.627.226.477.407.72
PBT Margin (%)2.371.771.901.312.29
Net Profit Margin (%)1.651.671.332.981.66
NP After MI And SOA Margin (%)1.791.471.352.961.66
Return on Networth / Equity (%)4.633.433.026.004.80
Return on Capital Employeed (%)13.5112.3310.0811.6216.51
Return On Assets (%)1.601.201.112.401.88
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.630.770.550.620.73
Asset Turnover Ratio (%)0.910.850.870.820.00
Current Ratio (X)1.321.281.351.271.44
Quick Ratio (X)0.490.550.680.670.75
Inventory Turnover Ratio (X)1.601.731.971.650.00
Dividend Payout Ratio (NP) (%)2.884.084.797.4965.46
Dividend Payout Ratio (CP) (%)1.241.391.533.8929.57
Earning Retention Ratio (%)97.1295.9295.2192.5134.54
Cash Earning Retention Ratio (%)98.7698.6198.4796.1170.43
Interest Coverage Ratio (X)1.901.852.041.661.80
Interest Coverage Ratio (Post Tax) (X)1.311.311.291.491.31
Enterprise Value (Cr.)1441.961087.00985.92608.111240.10
EV / Net Operating Revenue (X)0.720.630.620.430.66
EV / EBITDA (X)7.296.336.674.316.80
MarketCap / Net Operating Revenue (X)0.490.320.390.130.41
Retention Ratios (%)97.1195.9195.2092.5034.53
Price / BV (X)1.290.760.870.281.19
Price / Net Operating Revenue (X)0.490.320.390.130.41

Skipper Ltd Profitability Ratios (%)

Skipper Ltd Liquidity Ratios

Skipper Ltd Liquidity Ratios (%)

Skipper Ltd Interest Coverage Ratios (X)

Skipper Ltd Valuation Ratios

Fair Value / Intrinsic Value of Skipper Ltd

Fair Value: ₹170.13

The stock is overvalued by 51.53% compared to the current price ₹351

*Investments are subject to market risks

Strength and Weakness of Skipper Ltd

  1. The stock has a high average ROCE of 17.00%, which is a positive sign.
  2. The company has higher reserves (511.08 cr) compared to borrowings (2.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (128.69 cr) and profit (74.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.16 and average Dividend Yield of 7.29%.
  2. The stock has a high average Working Capital Days of 106.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 123.25, which may not be favorable.

Should I Buy Skipper Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Skipper Ltd:
    1. Net Profit Margin: 1.65%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 13.51% (Industry Average ROCE: 16.09%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.31
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.49
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 55.4 (Industry average Stock P/E: 40.08)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.63
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Skipper Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE