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Skipper (SKIPPER)₹516.60−0.27%Heavy Electrical Equipment
In the Sep 2026 quarter (consolidated), Skipper reported sales of ₹1,378 Cr, up 9.7% from Sep 2025, and net profit of ₹57.85 Cr, up 56.6% year on year. For the year to Mar 2026, sales were ₹5,533 Cr and net profit ₹212 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 799 | 1,150 | 1,088 | 1,105 | 1,131 | 1,284 | 1,249 | 1,256 | 1,365 | 1,661 | 1,304 | 1,378 |
| Expenses | 726 | 1,047 | 988 | 1,000 | 1,025 | 1,166 | 1,130 | 1,133 | 1,231 | 1,495 | 1,172 | 1,240 |
| Operating Profit | 76.79 | 109 | 105 | 111 | 111 | 124 | 127 | 131 | 141 | 173 | 140 | 145 |
| OPM % | 10.0% | 9.0% | 10.0% | 10.0% | 9.9% | 9.9% | 10.0% | 10.0% | 9.9% | 10.0% | 11.0% | 10.0% |
| Other Income | 5.01 | 4.01 | 4.01 | 3.01 | 4.01 | 13.05 | 4.01 | −6.02 | 4.01 | 4.01 | 5.02 | 2.01 |
| Interest | 38.99 | 51.98 | 51.01 | 55.03 | 50.01 | 55.99 | 53.04 | 54.03 | 56.04 | 54.04 | 46.98 | 44.05 |
| Depreciation | 12.99 | 13.98 | 14.98 | 14.99 | 16.98 | 16.97 | 17.98 | 18.99 | 21.97 | 21.99 | 21.98 | 24.97 |
| Profit before tax | 28.93 | 47.91 | 42.90 | 43.92 | 47.92 | 62.85 | 59.87 | 51.93 | 67.84 | 101 | 75.83 | 77.87 |
| Tax % | 30.0% | 47.0% | 25.0% | 26.0% | 25.0% | 24.0% | 25.0% | 28.0% | 22.0% | 23.0% | 25.0% | 26.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −7.98 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 19.95 | 24.97 | 31.93 | 32.92 | 35.94 | 47.93 | 44.94 | 36.95 | 52.92 | 77.81 | 56.91 | 57.85 |
| EPS (Rs) | 1.82 | 2.24 | 2.88 | 2.93 | 3.22 | 4.26 | 4.02 | 3.29 | 4.69 | 6.92 | 5.04 | 4.76 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,865 | 1,386 | 1,576 | 1,702 | 1,971 | 3,270 | 4,610 | 5,533 | 5,708 |
| Expenses | 1,690 | 1,254 | 1,438 | 1,545 | 1,790 | 2,967 | 4,177 | 4,986 | 5,139 |
| Operating Profit | 182 | 140 | 145 | 165 | 193 | 320 | 454 | 574 | 597 |
| OPM % | 10.0% | 10.0% | 9.0% | 10.0% | 10.0% | 10.0% | 9.9% | 10.0% | 10.5% |
| Other Income | 1.01 | 2.01 | 4.01 | 4.01 | 8.02 | 15.03 | 21.07 | 4.01 | 15.05 |
| Interest | 102 | 84.98 | 74.07 | 94.05 | 105 | 155 | 214 | 218 | 201 |
| Depreciation | 37.97 | 37.94 | 44.95 | 47.98 | 46.96 | 52.94 | 62.90 | 79.96 | 90.91 |
| Profit before tax | 42.91 | 17.98 | 29.97 | 26.94 | 49.92 | 128 | 199 | 280 | 322 |
| Tax % | 27.0% | −129.0% | 30.0% | 6.0% | 29.0% | 36.0% | 25.0% | 24.0% | — |
| Exceptional items | 0.00 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | −0.99 | −8.98 | 0.00 |
| Net Profit | 30.93 | 40.92 | 20.96 | 24.96 | 35.94 | 81.90 | 149 | 212 | 245 |
| EPS (Rs) | 2.77 | 3.66 | 1.91 | 2.24 | 3.16 | 7.24 | 13.26 | 18.89 | 21.41 |
| Dividend payout % | 8.1% | 2.0% | 5.0% | 4.0% | 3.0% | 1.0% | 1.0% | 1.0% | — |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 10.01 | 10.02 | 10.01 | 10.01 | 11.03 | 11.03 | 11.02 |
| Reserves | 638 | 677 | 699 | 722 | 757 | 887 | 1,182 | 1,480 |
| Borrowings | 522 | 453 | 447 | 575 | 494 | 591 | 710 | 930 |
| Other Liabilities | 479 | 569 | 760 | 774 | 957 | 1,651 | 1,488 | 2,103 |
| Total Liabilities | 1,650 | 1,709 | 1,916 | 2,081 | 2,219 | 3,140 | 3,391 | 4,524 |
| Fixed Assets | 513 | 578 | 657 | 657 | 697 | 749 | 900 | 1,166 |
| CWIP | 8.01 | 10.99 | 12.01 | 14.01 | 7.01 | 15.99 | 134 | 273 |
| Investments | 8.99 | 8.98 | 9.99 | 6.99 | 9.98 | 16.97 | 19.97 | 25.93 |
| Other Assets | 1,118 | 1,111 | 1,238 | 1,403 | 1,504 | 2,357 | 2,336 | 3,060 |
| Inventories | 534 | 491 | 599 | 784 | 910 | 1,198 | 1,194 | 1,055 |
| Trade receivables | 495 | 440 | 473 | 435 | 361 | 768 | 703 | 1,489 |
| Cash & equivalents | 11.04 | 13.05 | 26.06 | 39.13 | 31.09 | 135 | 121 | 32.08 |
| Total Assets | 1,650 | 1,709 | 1,916 | 2,081 | 2,219 | 3,140 | 3,391 | 4,524 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 134 | 214 | 180 | 16.99 | 284 | 199 | 153 | 277 |
| Cash from investing activity | −40.87 | −50.88 | −99.78 | −47.88 | −97.66 | −187 | −200 | −271 |
| Cash from financing activity | −92.89 | −163 | −80.94 | 30.98 | −185 | −12.01 | 50.99 | −8.01 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 4.01 | −3.01 |
| Capex | 41.88 | 53.88 | 85.78 | 41.89 | 84.76 | 102 | 237 | 365 |
| Free cash flow | 93.79 | 165 | 97.78 | −22.93 | 200 | 97.81 | −82.74 | −87.75 |
| CFO / OP % | 89.0% | 154.0% | 121.0% | 11.0% | 153.0% | 72.0% | 42.0% | 56.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 96 | 115 | 109 | 93 | 66 | 85 | 55 | 98 |
| Inventory days | 154 | 202 | 213 | 251 | 263 | 263 | 152 | 109 |
| Days payable | 100 | 153 | 232 | 199 | 168 | 266 | 154 | 175 |
| Cash conversion cycle | 149 | 163 | 89 | 144 | 160 | 81 | 52 | 30 |
| Working capital days | 64 | 55 | 66 | 56 | 59 | 48 | 28 | 43 |
| ROCE % | — | 9.0% | 9.1% | 10.1% | 12.1% | 21.1% | 24.1% | 24.1% |
For the Sep 2026 quarter, Skipper reported sales of ₹1,378 Cr, up 9.7% year on year and net profit of ₹57.85 Cr, up 56.6% year on year. The operating margin was 10.0%.
Skipper's sales for the year to Mar 2026 were ₹5,533 Cr; over the last twelve months they were ₹5,708 Cr.
Net profit for the year to Mar 2026 was ₹212 Cr, and ₹245 Cr over the last twelve months. Earnings per share over the same trailing period were ₹21.41.
Skipper reported borrowings of ₹930 Cr at Mar 2026, against cash and equivalents of ₹32.08 Cr.
Cash from operations was ₹277 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹87.75 Cr.