499.0500 5.50 (1.11%)
NSE Jun 27, 2025 15:31 PM
Volume: 190.0K
 

499.05
1.11%
Reliance Securities
Skipper continued to deliver a strong performance in 3QFY18 with its net revenue growing by 39.6% YoY to Rs4.32bn, led by strong volume execution in Engineering Products business and rising commodity prices. Aided by better execution, its EBITDA and PAT grew by 27% YoY and 31.5% YoY to Rs740mn and Rs292mn, respectively. We continue to believe that a sizeable order book, huge imminent opportunity and diversification into PVC business firmly place Skipper on a higher growth trajectory. Rolling over our estimates to FY20E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs340 (from Rs289 earlier). Healthy Revenue Growth on Strong Engineering Volume...
Skipper Ltd. has an average target of 602.50 from 2 brokers.
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