Multibagger stock which is one of the World’s leading manufacturers of Transmission and Distribution structures jumped upto 3 percent in the day’s trade upon posting its Q4FY24 results with a 75 percent jump in revenue from operations.
With a market capitalization of Rs. 3,676 Crores, the shares of Skipper India Limited were trading at Rs. 360.40, up 0.75 percent from its previous day’s close price of Rs. 357.70. It has delivered multibagger returns of 212 percent in a year.
Its revenue from operations grew by 75.47 percent YoY from Rs. 657.35 Crores in Q4FY23 to Rs. 1153.5 Crores in Q4FY24 and it grew by 43 percent QoQ from Rs. 801.58 Crores in Q3FY24 to Rs. 1153.5 Crores in Q4FY24. Annually it generated a revenue of Rs. 18,803 Crores in FY23 and Rs. 3,282.04 Crores in FY24 indicating a growth of 82.54 percent YoY.
Its Net Profit grew by 6 percent YoY from Rs. 23.71 Crores in Q4FY23 to Rs. 25.15 Crores in Q4FY24 and it grew by 22.92 percent QoQ from Rs. 20.46 Crores in Q3FY24 to Rs. 25.15 Crores in Q4FY24. Annually it generated a profit of Rs. 35.56 Crores in FY23 and Rs. 81.66 Crores in FY24 indicating a growth of 129 percent YoY.
In Addition, the Board of Directors of Skipper India Limited has recommended a Dividend of 10 percent i.e., Rs. 0.10 per equity share with a face value of Rs. 1 per share and 0.025 paise per equity share with a face value of Re. 0.25 each on 1,02,67,021 partly paid up equity shares for the financial year 2023-24.
Skipper Limited is one of the World’s leading manufacturers of Transmission and Distribution Structures, It also undertakes EPC projects in the infrastructure segment and manufactures a huge range of premium-quality pipes and fittings making it a powerhouse in the polymer pipe business.
As of Q4FY24 Skipper India Limited’s segment-wise revenue mix consists of, 68 percent from Engineering, 18 percent from Infrastructure, and 14 percent from Polymers.
Skipper Limited has a strong order book of Rs. 6,215 Crores of which 53 percent is for the Transmission & Distribution business, 34 percent from Non-T&D Domestic, and 13 percent from exports.
It has reported a return on equity (ROE) of 4.33 percent and a return on capital employed (ROCE) of 11.9 percent, it is making decent returns on its equity and capital employed.
Written by: Bharath K.S
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