Multibagger stock, which is one of the World’s leading manufacturers of Transmission and Distribution structures, jumped 6 percent in the day’s trade after it made an announcement regarding its accomplishment of receiving new orders worth Rs. 924 Crores from Power Grid Corporation Limited and others.
At 2:00 p.m the shares of Skipper Limited were trading at Rs. 240.70 up 2.38 percent from its previous day close price of Rs. 234.95 and its market capitalization is Rs. 2,460.49 Crores.
As per the company’s filing, Skipper Limited has made an announcement regarding its accomplishment of receiving new orders worth Rs. 924 Crores, which consists of orders from Power Grid Corporation of India Limited (PGCIL) in the domestic Transmission and Distribution business for Rs. 788 Crores and several other domestic Transmission and Distribution projects including Telecom for Rs. 136 Crores from other companies.
Commenting on this release Mr. Sharan Bansal, Director of Skipper Limited said , We are pleased with the new order inflows of Rs. 924 crores from PGCIL and other customers, the consistent order inflows in the T&D business have led to a total order in-flow YTD of Rs. 2,727 crores, registering an impressive ~220 percent growth over the last year till date.
It has delivered multibagger returns of 248 percent in a year and 108 percent in the last six months. A shareholders investment of Rs. 1 Lakh in the company would be worth 3.48 Lakh in a year.
The company’s revenue grew 16.01 percent from Rs. 1,707.08 Crores in FY22 to Rs. 1,980.3 Crores in FY23, accompanied by increasing profits of Rs. 25.15 Crores to Rs. 35.57 Crores.
It has reported a return on equity (ROE) of 4.74 percent and a return on capital employed (ROCE) of 12.14 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 71.89 percent stake, the Domestic Institutional Investors hold 0.15 percent and the Foreign Institutional Investors (FII) hold 8.09 percent.
Skipper Limited is one of the World’s leading manufacturers of Transmission and Distribution structures and it also manufactures a huge range of premium quality pipes and fittings making it a powerhouse in the polymer pipe business.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
