Skipper Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SKIPPER, BSE:538562 Skipper Ltd.

Skipper Ltd.

15 Sep 2020

514.35

-0.63%

Skipper

Buy: Skipper Ltd.

Target

East India Securities Ltd

operational performance, c) higher other income and d) exceptional gains of Rs760mn. 2HFY20 5.8%) in Q1FY21 led by sharp gross margin contraction. Overall, EBITDA de-grew by 79% YoY is expected to be better than 1HFY20 with reasonable growth in exports and presence of levers to 90mn in Q1FY21. Lower than expected operating profit led to a net loss of Rs116mn in for margin improvement. However, we believe current valuations already discount most of the Q1FY21 as compared to profit of Rs79mn in Q1FY20. positives of the better product mix, growth at export front and margin improvement and hence...

Skipper Ltd. is trading below its 30 day SMA of 522.2

Skipper Ltd.

23 Jun 2020

514.35

-0.63%

Skipper

Buy: Skipper Ltd.

East India Securities Ltd

operational performance, c) higher other income and d) exceptional gains of Rs760mn. 2HFY20 for forex loss, EBITDA margin stood at 10.6% and EBITDA declined by 11% to Rs466mn. is expected to be better than 1HFY20 with reasonable growth in exports and presence of levers Notional forex loss led to PBT loss of Rs20mn. However, Consolidated PAT grew by 58.5% for margin improvement. However, we believe current valuations already discount most of the YoY to Rs 281mn as tax related write backs offset the impact of forex loss....

Skipper Ltd. is trading above its 200 day SMA of 479.8

Skipper Ltd.

13 Nov 2018

514.35

-0.63%

Skipper-Result Update

Buy: Skipper Ltd.

Target

Reliance Securities

Poor Performance Continues; Recovery Likely in Next Quarter Skipper continued to deliver a very poor performance in 2QFY19 as well, with its PAT declining by 89% YoY to Rs25mn. Its revenue grew by 1.6% YoY to Rs5.2bn led by 16% de-growth in Polymer division and lower execution in Engineering Products business. Looking ahead, 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. Further, the stock is available at attractive valuation following a sharp correction during last 6 months. We maintain our BUY recommendation on the stock with a revised Target Price of Rs147 (from Rs214 earlier)....

Skipper Ltd. has an average target of 569.50 from 2 brokers.

Skipper Ltd.

27 Aug 2018, 12:00AM

514.35

-0.63%

Skipper Ltd.

Buy: Skipper Ltd.

Target

CD Equisearch

Skipper Ltd. is trading above its 200 day SMA of 479.8

Skipper Ltd.

13 Aug 2018

514.35

-0.63%

Skipper - 1QFY18 Result Update

Buy: Skipper Ltd.

Target

Reliance Securities

Skipper's EBITDA declined by 12.9% YoY to Rs450mn, while its EBITDA margin contracted by 355bps YoY to 9.4% led by fall in polymer margin to 1.2% in 1QFY19 (from 9.3% in 1QFY18) owing to execution of fixed-value engineering projects. Fall in Polymer market is attributable to increasing penetration cost in newer markets owing to increased brand building spend and dealer incentives. Skipper's PAT declined by 72% YoY to Rs45mn owing to 62% YoY rise in interest cost to Rs274mn on account of high inventory built-up led by subsequent supply...

Skipper Ltd. has an average target of 569.50 from 2 brokers.

Skipper Ltd.

21 May 2018

514.35

-0.63%

Skipper's operational performance was broadly in line with our expectations. Revenue incr...

Buy: Skipper Ltd.

Target

Emkay

Skipper's operational performance was broadly in line with our expectations. Revenue increased by 5% yoy on the back of steady growth in Engineering Products (EP) (+5.9% yoy) and Polymer Products (PP) (+9.3% yoy). While EBITDA margin increased by 42bps yoy to 18.3%, the PAT declined by 15% yoy owing to 76% yoy increase in finance cost. Aggregate order inflows (FY18) in EP stood at Rs21bn, while the order backlog stood at Rs26bn spread across PGCIL (44%), SEB's (44%) and Exports (12%). The company has...

Skipper Ltd. has an average target of 569.50 from 2 brokers.

Skipper Ltd.

18 May 2018

514.35

-0.63%

Skipper - 4QFY18 Result Update

Buy: Skipper Ltd.

Target

Reliance Securities

Skipper has delivered a weak performance in 4QFY18 with its reported revenue declining by 2.9% YoY to Rs5.9bn, which however, adjusting for Excise Duty of 4QFY17, grew by 5.0% YoY led by lower execution in Engineering Products business and slower growth in Polymer division. Its EBITDA (+7.5% YoY) and PAT (-15.1 % YoY) stood at Rs1086mn and Rs493mn, respectively. Looking ahead, 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. Following sharp correction by 30% in last 3 months, the stock is available at attractive level now. We maintain our BUY recommendation on the stock with a revised Target Price of Rs315....

Skipper Ltd. is trading above its 200 day SMA of 479.8

Skipper Ltd.

14 Mar 2018

514.35

-0.63%

Skipper Limited Q3 Update

Buy: Skipper Ltd.

Choice India

Valuation:Thus, we believe that on account of the above factors, expanding transmission capacity and being of the lowest cost producer of transmission towers, the Company expects 15% growth in the segment. Also, pick up in polymer business along with asset light model wherein, the land is taken on lease and company invests for plant and machinery will give much better asset turnover. Over all capex would be around Rs. 500-600 mn which will be funded largely by internal accruals. Further, with improved working capital cycle has led to healthy Debt/ Equity for the Company Thus, on the valuation front, at CMP Rs.230.2 , the company is trading at a P/E...

Skipper Ltd. has an average target of 569.50 from 2 brokers.

Skipper Ltd.

12 Feb 2018

514.35

-0.63%

Skipper Limited Q3 Update

Buy: Skipper Ltd.

Choice India

Skipper has formed a JV with Metzerplas, a manufacturer of drip Irrigation solutions from Israel, with an eye on a potential Rs. 5,000 mn market opportunity. The company has forayed into manufacturing of solar structures and will carry it...

Skipper Ltd. has an average target of 569.50 from 2 brokers.

Skipper Ltd.

08 Feb 2018

514.35

-0.63%

Skipper (3QFY18): Strong execution in Engineering Products. Maintain NEUTRAL

Neutral: Skipper Ltd.

Target

HDFC Securities

Maintain a NEUTRAL with TP of Rs 267/share. Skippers sales grew 33/10% YoY/QoQ to Rs 5.7bn vs our expectation of 25% YoY growth, aided by a 38% YoY rise in Engineering Products revenues to Rs 4.86bn. The 33% sales growth came on the back of 23/10% volumes/pricing growth. A 203 bps rise in raw material cost impacted gross margins, which fell to 31.1%. With a 99/40bps fall in other expenses (at 13.9% of sales)/staff costs (at 4.2% of sales), EBITDAM fell 64bps to 13.1% (in line with our estimates). Net profit rose 31% YoY to Rs 292mn, a

Skipper Ltd. is trading below its 30 day SMA of 522.2

Is Skipper Ltd. worth buying?

203 Votes:

Buy 88.18%

Sell 6.4%

Hold 5.42%

RESEARCH REPORTS

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