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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Skipper Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:13 pm

Market Cap 3,989 Cr.
Current Price 367
High / Low401/150
Stock P/E53.4
Book Value 78.9
Dividend Yield0.03 %
ROCE20.1 %
ROE9.00 %
Face Value 1.00
PEG Ratio4.28

Competitors of Skipper Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Jash Engineering Ltd 2,896 Cr. 2,3402,552/1,05143.4 2840.17 %25.1 %22.6 % 10.0
Va Tech Wabag Ltd 6,985 Cr. 1,1231,181/43528.4 2920.00 %20.5 %14.5 % 2.00
Thejo Engineering Ltd 3,286 Cr. 3,0473,250/1,45059.1 2330.07 %28.6 %24.9 % 10.0
McNally Bharat Engineering Company Ltd 104 Cr. 4.917.23/2.90 1990.00 %%% 10.0
Thermax Ltd 61,333 Cr. 5,1405,700/2,192104 3730.23 %16.9 %14.1 % 2.00
Industry Average4,812.19 Cr758.3932.61129.070.23%20.42%18.70%6.23

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales2754794005534164624456575557728021,154
Expenses2584373534913804224005864946997251,045
Operating Profit1742486236404572607477109
OPM %6%9%12%11%9%9%10%11%11%10%10%9%
Other Income111111121223
Interest202523252423263228353952
Depreciation121212121311111112131314
Profit before tax-14614250793021282646
Tax %34%25%38%-0%36%36%25%31%33%32%33%48%
Net Profit-948250572114191824
EPS in Rs-0.830.390.752.230.020.400.631.851.241.681.572.12

Last Updated: June 9, 2024, 7:24 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:05 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales8981,0391,3101,5011,6652,0741,8711,3911,5821,7071,9803,282
Expenses8089201,0821,2731,3921,7691,6891,2511,4361,5391,7872,963
Operating Profit90118228227273305182140145168193319
OPM %10%11%17%15%16%15%10%10%9%10%10%10%
Other Income121531124459
Interest516970656879102857494105154
Depreciation131522243246383845484753
Profit before tax28371371431771804318303047122
Tax %33%27%35%34%30%35%27%-128%30%6%31%39%
Net Profit19278995124118314121293375
EPS in Rs1.752.397.938.4611.0410.442.763.671.872.532.906.61
Dividend Payout %5%6%15%15%13%14%8%2%5%4%3%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)42.11%229.63%6.74%30.53%-4.84%-73.73%32.26%-48.78%38.10%13.79%127.27%
Change in YoY Net Profit Growth (%)0.00%187.52%-222.89%23.78%-35.37%-68.89%105.99%-81.04%86.88%-24.30%113.48%

Growth

Compounded Sales Growth
10 Years:12%
5 Years:12%
3 Years:28%
TTM:66%
Compounded Profit Growth
10 Years:11%
5 Years:19%
3 Years:54%
TTM:130%
Stock Price CAGR
10 Years:%
5 Years:47%
3 Years:68%
1 Year:117%
Return on Equity
10 Years:11%
5 Years:5%
3 Years:6%
Last Year:9%

Last Updated: June 17, 2024, 8:27 pm

Skipper Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7101010101010101010101010
Reserves127196221294371522627638677698725758790
Preference Capital2900000000000
Borrowings299424440383468436496523454440568485730
Other Liabilities2351562113773414236104815727727849701,202
Total Liabilities6697878821,0641,1901,3911,7441,6531,7131,9192,0872,2232,732
Fixed Assets283326339351385497521514579657657697726
CWIP2483401428111214722
Investments000000091010111111
Other Assets3854575357097658801,2211,1211,1141,2411,4061,5081,973
Total Assets6697878821,0641,1901,3911,7441,6531,7131,9192,0872,2232,732

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-334.00-322.00-155.00-241.00-163.00-191.00-341.00-314.00-295.00-400.00-292.00-273.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

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%

Financial Efficiency Indicators Chart

Skipper Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters71.89%71.89%71.89%71.89%71.89%71.89%71.89%71.89%71.89%71.89%71.89%71.89%
FIIs8.97%9.77%9.48%9.48%9.31%9.28%9.88%9.62%9.51%9.93%8.09%7.40%
DIIs1.85%0.45%0.00%0.00%0.00%0.00%0.00%0.00%0.11%0.28%0.15%0.15%
Public17.29%17.89%18.63%18.63%18.80%18.83%18.24%18.50%18.48%17.89%19.85%20.57%
No. of Shareholders18,50026,50931,15529,96529,47629,64329,18424,52825,11826,13238,42544,633

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)7.663.462.452.094.02
Diluted EPS (Rs.)7.143.462.452.094.02
Cash EPS (Rs.)12.097.747.516.467.75
Book Value[Excl.RevalReserv]/Share (Rs.)85.2974.7571.3168.9466.94
Book Value[Incl.RevalReserv]/Share (Rs.)85.2974.7571.3168.9466.94
Revenue From Operations / Share (Rs.)311.86192.88166.27154.04135.43
PBDIT / Share (Rs.)31.1719.2716.7414.3913.74
PBIT / Share (Rs.)26.1814.7212.019.9810.03
PBT / Share (Rs.)11.554.592.962.931.78
Net Profit / Share (Rs.)7.103.192.792.054.04
NP After MI And SOA / Share (Rs.)7.763.462.452.094.02
PBDIT Margin (%)9.999.9910.069.3410.14
PBIT Margin (%)8.397.627.226.477.40
PBT Margin (%)3.702.371.771.901.31
Net Profit Margin (%)2.271.651.671.332.98
NP After MI And SOA Margin (%)2.481.791.471.352.96
Return on Networth / Equity (%)9.094.633.433.026.00
Return on Capital Employeed (%)19.8413.5112.3310.0811.62
Return On Assets (%)2.591.601.201.112.40
Long Term Debt / Equity (X)0.330.250.280.370.23
Total Debt / Equity (X)0.640.630.770.550.62
Asset Turnover Ratio (%)1.220.910.850.870.82
Current Ratio (X)1.321.321.281.351.27
Quick Ratio (X)0.630.490.550.680.67
Inventory Turnover Ratio (X)1.731.601.731.971.65
Dividend Payout Ratio (NP) (%)0.002.884.084.797.49
Dividend Payout Ratio (CP) (%)0.001.241.391.533.89
Earning Retention Ratio (%)0.0097.1295.9295.2192.51
Cash Earning Retention Ratio (%)0.0098.7698.6198.4796.11
Interest Coverage Ratio (X)2.131.901.852.041.66
Interest Coverage Ratio (Post Tax) (X)1.481.311.311.291.49
Enterprise Value (Cr.)3852.151441.961087.00985.92608.11
EV / Net Operating Revenue (X)1.170.720.630.620.43
EV / EBITDA (X)11.747.296.336.674.31
MarketCap / Net Operating Revenue (X)1.040.490.320.390.13
Retention Ratios (%)0.0097.1195.9195.2092.50
Price / BV (X)3.801.290.760.870.28
Price / Net Operating Revenue (X)1.040.490.320.390.13
EarningsYield0.020.030.040.030.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 379.31

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 3.35% compared to the current price 367

Intrinsic Value: 426.68

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 16.26% compared to the current price ₹367

Last 5 Year EPS CAGR: 12.49%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.00%, which is a positive sign.
  2. The company has higher reserves (550.67 cr) compared to borrowings (475.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (76.00 cr) and profit (82.67 cr) over the years.
  1. The stock has a high average Working Capital Days of 106.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 123.25, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Skipper Ltd:
    1. Net Profit Margin: 2.27%
      • 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: 19.84% (Industry Average ROCE: %)
      • 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. ROE%: 9.09% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.48
      • 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.
    5. Quick Ratio: 0.63
      • 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.
    6. ✗ Stock P/E: 53.4 (Industry average Stock P/E: )
      • 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.
    7. Total Debt / Equity: 0.64
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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.
INDUSTRYADDRESSCONTACT
Engineering - General3A, Loudon Street, Kolkata West Bengal 700017investor.relations@skipperlimited.com
http://www.skipperlimited.com
Management
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

FAQ

What is the latest fair value of Skipper Ltd?

The latest fair value of Skipper Ltd is ₹379.31.

What is the Market Cap of Skipper Ltd?

The Market Cap of Skipper Ltd is 3,989 Cr..

What is the current Stock Price of Skipper Ltd as on 21 June 2024?

The current stock price of Skipper Ltd as on 21 June 2024 is ₹367.

What is the High / Low of Skipper Ltd stocks in FY 2024?

In FY 2024, the High / Low of Skipper Ltd stocks is 401/150.

What is the Stock P/E of Skipper Ltd?

The Stock P/E of Skipper Ltd is 53.4.

What is the Book Value of Skipper Ltd?

The Book Value of Skipper Ltd is 78.9.

What is the Dividend Yield of Skipper Ltd?

The Dividend Yield of Skipper Ltd is 0.03 %.

What is the ROCE of Skipper Ltd?

The ROCE of Skipper Ltd is 20.1 %.

What is the ROE of Skipper Ltd?

The ROE of Skipper Ltd is 9.00 %.

What is the Face Value of Skipper Ltd?

The Face Value of Skipper Ltd is 1.00.

About the Author

Author Avatar
Getaka

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 getaka.co.in 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