Skipper Limited stands as a prominent player in India's infrastructure sector, primarily engaged in the manufacturing and selling of Transmission & Distribution (T&D) Structures and Pipes & Fittings, alongside undertaking Engineering, Procurement, and Construction (EPC) projects. Formerly incorporated as 'Skipper Investments Limited' in 1981, the company underwent name changes to 'Skipper Steels Limited' in 1990, diversifying into Telecom Towers and Masts, before adopting its current name, 'Skipper Limited', in 2009.
The company is a leading manufacturer of T&D structures, ranking among the top 10 worldwide. With over 44 years of domain expertise, Skipper is the largest in India and the tenth largest globally based on manufacturing capacity. Operating from its registered office in Kolkata, Skipper has established itself as a significant entity in the power transmission infrastructure sector.
Skipper Limited operates through three primary business segments, showcasing its diversified approach to the engineering and infrastructure sectors:
- Engineering Products: This segment accounts for a substantial 77% of revenue in 9M FY25. It encompasses the production of transmission towers, monopoles, power distribution poles, telecom towers, railway structures, and solar mounting structures. The product range also includes towers, tower accessories, fasteners, angles, channels, highmast poles, swaged poles, scaffoldings, solar power systems, and railway structures.
- Infrastructure Projects: This segment includes horizontal direct drilling services and EPC services.
Skipper's unique position as India's largest and one of the world's few fully integrated Transmission & Distribution (T&D) companies provides a distinct competitive advantage with in-house capabilities spanning from Structure Rolling to Transmission Line EPC. The company significantly increased its T&D manufacturing capacity from 100,000 MTPA to 230,000 MTPA in FY2017, cementing its position as the largest manufacturer of T&D Structures in India.
Skipper Limited has cultivated a robust international footprint, extending its operations to over 60 countries across multiple continents, including Latin America, Europe, and Africa. The company has a strong foothold in the Asia Pacific, Middle East, and Latin American regions. Its global presence spans across sub-segments such as Towers, EPC, Monopoles, Poles, and Railway Electrification Structures in over 65 countries.
The company is strategically expanding into developed markets like the US, Canada, and Europe, aiming to secure lucrative contracts. A significant breakthrough was the receipt of its first major pole supply order from the USA, opening new growth avenues in North America—a key geography in Skipper's global expansion strategy.
Skipper Limited achieved a landmark year in FY25, reporting its highest-ever quarterly and annual revenue and profitability, driven by exceptional execution in its Engineering business.
- Net Profit: Rose by 90.42% to ₹47.91 crore in the quarter ended March 2025, compared to ₹25.16 crore in the same period of the previous year.
- Sales: Increased by 11.64% to ₹1,287.75 crore in the quarter ended March 2025, from ₹1,153.51 crore in the previous year.
- Net Profit: Increased by 82.87% to ₹149.35 crore in the year ended March 2025, from ₹81.67 crore in FY24.
- Sales: Grew by 40.90% to ₹4,624.48 crore in the year ended March 2025, compared to ₹3,282.04 crore in FY24.
- Revenue: ₹4,624.48 crore (up 40.90% YoY)
- Net Profit: ₹149.35 crore (up 82.87% YoY)
- Q4 FY25 Revenue: ₹1,287.75 crore (up 11.64% YoY)
- Q4 FY25 Net Profit: ₹47.91 crore (up 90.42% YoY)
- Market Cap: ₹5,475 Crore (as of recent trading sessions)
- Stock P/E: 37.6
- Book Value: ₹105
- Dividend Yield: 0.02%
- ROCE: 24.0%
- ROE: 14.1%
- 52-Week High: ₹665.00
- 52-Week Low: ₹261.20
Skipper Limited maintains a robust order book, ensuring strong revenue visibility.
- Closing Order Book (March-25): Reached an all-time high of ₹74,584 million, an increase of 20% over the March 24 level.
- Domestic Share: 88%
- Export Share: 12%
The strong domestic order book aligns Skipper with India's infrastructure growth and government transmission expansion initiatives. The company has secured significant EPC contracts, including substantial wins from PGCIL, reinforcing its leadership in the high-voltage transmission segment.
The company plans to expand its engineering capacity by an additional 75,000 MT, increasing it from the current 300,000 MTPA to 375,000 MTPA by the end of the current year. Previous capacity enhancements include an increase of 35,000 MT in 2017, bringing the total installed capacity to 265,000 MT.
Skipper is progressing well with the implementation of SAP S/4HANA RISE, which is expected to provide end-to-end visibility, operational agility, and scalability to support its ambitious growth objectives.
Exciting developments include entry into the Substation EPC segment with the receipt of its first order. The company has also ventured into various segments, including a Joint Venture with Metzerplas for Micro-irrigation products, and has expanded into Solar Mounting Structures and the Railway Electrification sector.
- Managing Director: Mr. Sajan Kumar Bansal
- Chairman: Mr. Amit Kiran Deb
- Company Secretary: Ms. Anu Singh
The management team is focused on driving growth through strategic expansion and operational excellence.
The Engineering Products segment's revenue increased by 69% YoY in 9M FY25. Over the last 5 years, revenue has grown at a yearly rate of 11.99%, significantly outperforming the industry average of 3.73%. Consequently, Skipper's market share has increased from 3.49% to 4.77% over the same period.
The company has received recognition for its achievements and holds strong certifications. It commissioned the largest Tower & Monopole Load Testing Station in India in 2020 and was recognized as the fastest-growing Transmission Tower Manufacturing Company at the Export Import Forum International Trade Award.
Skipper Limited stands as a prominent force in India's transmission and distribution infrastructure sector. Its comprehensive manufacturing capabilities, robust order book, and strategic expansion plans position it well for continued growth in the evolving energy landscape.
