Heavy Electrical Equipment / Power Transmission Infrastructure
Strategic Profile
Skipper Ltd aims to expand production capacity by 60% by FY28. The company operates through three diversified segments (Engineering Products, Infrastructure Projects, and Polymer Products) and has demonstrated strong operational momentum with rising revenues and improved profitability, backed by solid credit ratings.
Cyborg Score Rationale
Skipper reported Q3 revenue of ₹13.7B, up 21.2% YoY, demonstrating strong growth momentum. The company benefits from strategic positioning in India's infrastructure boom and has emerged as the most preferred supplier & contractor of PGCIL to their high voltage 765 KV transmission lines & poles in FY 2025 and fabricated India's heaviest 400kV transmission pole in FY 2025.
Top Insights
Q3 FY26 orderbook stands at INR9,009cr with capacity expanding to 450,000 tons, providing strong revenue visibility.
Emerged as the most preferred supplier contractor of PGCIL to their high voltage 765 KV transmission lines poles in FY 2025, strengthening competitive position.
Introduced new products such as CP bath fittings and water storage tanks under the "Marina" brand through expansion in FY 2024, driving polymer segment growth.
Strong credit ratings (CRISIL A Stable for long-term) support financial stability and growth investments.
Named Competitors
Power Transmission Towers — Competitor in transmission tower manufacturing
Industrial Products — Competitor in heavy industrial manufacturing
Engineering Solutions — Competitor in precision engineering
Recent Developments
(Feb 2026) Rights issue proceeds INR1,986.97Mn announced by India Ratings; capacity expansion to 450,000 tons disclosed