Positive Stock Performance
Investors have found Skipper Ltd’s stock to be a highly profitable venture, with its value soaring nearly fourfold over the past year and experiencing a 50% surge in just one month. Additionally, the recent trading session saw a 5% increase in stock value, setting the stage for further gains in light of the new contract announcement.
Order Details and Company Outlook
Skipper Ltd has disclosed that it has secured a substantial order worth Rs 737 crore from PGCIL for the development, provision, and construction of a 765-kilowatt transmission line. Company Director Sharan Bansal expressed optimism about this order, stating that it would significantly accelerate the company’s expansion plans.
Skipper Ltd specializes in the construction of distribution and power transmission structures, as well as telecom structures, with operations spanning more than 55 countries. Its diverse portfolio encompasses segments such as towers, EPC, poles, and railway electrification structures.
Financial Performance Highlights
In the latest financial quarter ending in December, Skipper Ltd reported a noteworthy profit of Rs 20.47 crore, marking a substantial increase of 115.3% compared to the previous year’s figures. Total income also witnessed a significant uptick, reaching 801.58 crore, representing an 80% increase year-over-year. Moreover, the company’s EBITDA surged by over 70% compared to the previous year, totaling Rs 79.32 crore.
286.99% Return in 1 year
The performance of Skipper Ltd’s stock has been remarkable, offering substantial returns to investors. Over the past three years, the stock has delivered an impressive return of 479%, attracting a sixfold increase in investor interest. Notably, the stock has surged by 286% in the last year alone, demonstrating a consistent upward trajectory. Recent trends indicate a continuous uptrend, with the stock price escalating by over 50% in just one month and registering a notable 10% gain in the past week.
252% Share Price Increase: This automotive company share price target ₹650
About Skipper Limited
Skipper Limited is a comprehensive manufacturing company, providing a range of products and services including angle rolling towers, accessories, fastener manufacturing, engineering procurement, construction (EPC), and line building.
The company operates through three main segments:
- Engineering Products: This segment offers a diverse array of products such as towers with accessories, high-mast poles, scaffoldings, solar power structures, and railway equipment, among others.
- Infrastructure Projects: Skipper Limited provides services like horizontal direct drilling and engineering and construction services in this segment.
- Polymer Products: Under this segment, the company produces polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC) products, as well as soil, rain, and wastewater (SWR) pipeline fittings.
Skipper Limited, under its brand name Skipper, manufactures a variety of high-quality fittings and pipes.
Fundamental Analysis of Skipper Ltd (India)
| Market Cap | ₹ 4,353.73 Cr. |
| Enterprise Value | ₹ 4,806.67 Cr. |
| No. of Shares | 11.29 Cr. |
| P/E | 60.76 |
| P/B | 4.28 |
| Face Value | ₹ 1 |
| Div. Yield | 0.03 % |
| Book Value (TTM) | ₹ 90.08 |
| Cash | ₹ 31.08 Cr. |
| Debt | ₹ 484.02 Cr. |
| Promoter Holding | 71.89 % |
| EPS (TTM) | ₹ 6.34 |
| Sales Growth | 16.01% |
| ROE | 4.35 % |
| ROCE | 11.90% |
| Profit Growth | 14.32 % |
Skipper Ltd (India) Share Price Targets for 2024 to 2030
The projected share price targets for Skipper Ltd (India) from 2024 to 2030 are outlined below:
Year: 2024
- 1st Target: ₹354
- 2nd Target: ₹400
Year: 2025
- 1st Target: ₹412
- 2nd Target: ₹432
Year: 2026
- 1st Target: ₹455
- 2nd Target: ₹476
Year: 2027
- 1st Target: ₹490
- 2nd Target: ₹612
Year: 2028
- 1st Target: ₹632
- 2nd Target: ₹665
Year: 2029
- 1st Target: ₹670
- 2nd Target: ₹690
Year: 2030
- 1st Target: ₹700
- 2nd Target: ₹900
Conclusion
This article serves as a comprehensive guide to the 252% Share Price Increase: This automotive company’s share price target is ₹650. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
Dear readers, please be advised that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided on this site is solely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Additionally, share price predictions are intended for reference purposes only and are valid only under positive market conditions.
This study does not consider any uncertainties regarding the company’s future or the current market conditions. While this information is for informational purposes, we disclaim any responsibility for potential financial losses incurred based on the information provided on this site. We aim to offer timely updates about the stock market and financial products to assist you in making informed investment decisions. It is crucial to conduct your research before making any investment decisions.