Current view Q4 2026
India's biggest power-line tower maker, riding a huge grid build-out with a record order book. But management has cut its growth target two years running as exports weaken.
Latest exchange filings last 5 · 5 after Q4 2026
- 17 Sep ’26ESG Risk Assessments assigned Skipper an ESG score of 60, rated Adequate. ↗
- 16 Sep ’26Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 16 Sep ↗
- 15 Sep ’26Skipper management will attend Anand Rathi G-200 Summit 2026 investor conference on 22 September 2026. ↗
- 15 Sep ’26Skipper held 45th AGM on 15 Sep 2026; approved FY26 accounts, 10% dividend, director reappointment. ↗
- 27 Aug ’26Skipper wins ₹1,305 crore orders for domestic and international T&D projects. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +29.4% | +21.6% | +41.0% | +28.6% |
| Operating profit | ▲ +39.5% | +22.7% | +42.3% | +31.2% |
| EPS | ▲ +62.6% | +47.6% | +81.6% | +58.3% |
| PAT | ▲ +62.5% | +47.2% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +29.4%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Strong76/100
⚠ Your own view on this company is Concern. Read the note above first — this score reads the figures, and it has not read the concall.
Cheap, and growing fast. Profit per share grew 60% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹536 → ₹1,071 needs the P/E at 14× — it is 28× today, and has ranged 16× to 70× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 21× — inside its 5-year range, under the 38× median.
At ₹727 the price-tag on its earnings reaches the 39× it is being projected toward — the point where being cheap against that yardstick is used up.
Earnings delivered, market hasn't paid yet. The pre-re-rate zone — read the concall.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹5,903 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 60.0% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR, capped at 60%. Latest quarter reads 60%.
How it compares with its rivals Power · 6 of 46 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Skipper | ₹567 | 27.6× | ₹6,404 Cr | 23.6% | +25.5% | +4.5% |
| A B B | ₹7,177 | 98.7× | ₹1.52 L Cr | 29.9% | +8.0% | +21.0% |
| B H E L | ₹431 | 61.8× | ₹1.50 L Cr | 9.1% | +182.7% | +40.3% |
| CG Power & Ind | ₹907 | 112.4× | ₹1.43 L Cr | 26.7% | +16.3% | +14.0% |
| Hitachi Energy | ₹32,006 | 119.8× | ₹1.43 L Cr | 29.4% | +123.5% | +68.6% |
| Siemens | ₹3,801 | 90.0× | ₹1.35 L Cr | 21.4% | −18.6% | +14.8% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jul 2026
| Are the margins widening? | broadly flat | operating margin 11% → 11% over 3 years |
|---|---|---|
| Did the profit turn into cash? | under half — much of the profit is tied up | 56% last year, 57% over three · free cash flow −₹88 cr, positive in 2 of 5 years |
| Is the growth borrowed? | borrowed about as much as it owns | ₹931 cr — 0.62× its own equity (was 0.60×) |
| Is it being collected? | customers are taking longer to pay | 98 days to collect, up 43 in a year · cash cycle 30 days |
| Who has been buying? | the promoters have been selling | promoters 61.5% (−5.0 in a year), 71.9% → 61.5% over 2.6 years · FIIs 10.6% (+4.1) · DIIs 2.2% (+1.8) · shareholders 44,633 → 88,286 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 23.6% · ROE 16.6% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has delivered good profit growth of 60.6% CAGR over last 5 years
Against it
- Promoter holding has decreased over last quarter: -5.02%
- Debtor days have increased from 79.4 to 97.6 days.
- Company's cost of borrowing seems high
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.