AI Summary
✦ ClarthaSkipper Limited is an Indian manufacturer of transmission and distribution structures, telecom towers, and fasteners. Engineering Products drives tower, pole, railway-structure, and fastener sales, while Infrastructure Projects adds drilling, coating, and EPC revenue. Polymer Products contributes PVC, HDPE, CPVC, UPVC, and SWR pipes and fittings. Revenue rose 20.1% year-on-year, but the provided developments offer no operating catalyst; the rescheduled Q1FY27 earnings call limits near-term visibility. Profit growth of 42.7% exceeds revenue growth, yet declining margins raise questions about earnings quality and cost absorption. ROE is 15.9%, but debt-to-equity of 63.56 indicates substantial leverage that can amplify ROE while increasing financial risk. At 27.4 times earnings, the valuation is fair against current growth, rather than clearly discounted. The main open question is whether project execution and product volumes can sustain growth without further margin compression.
Valuation Metrics
Trading 24.2% above historical median. Valuation is stable — currently in the strongly overvalued zone (z-score: +1.05). Confidence: 73%.
Live forward EPS implies next-12-month EPS of ₹30.60. Applying the stock's normalized valuation corridor produces a fair range of ₹523.57 to ₹798.35, with base value near ₹672.89 (+27.6% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹30.60
Forward P/E
17.2x
Base Fair Value
₹672.89
Fair Range
₹523.57 - ₹798.35
Upside To Base
+27.6%
Estimate Source
Live forward EPS
Growth Estimate
+62.3%
5Y Average
14.96
Current
27.31
Overvalued
26.09
Undervalued
17.11
5Y Average
6.55
Current
11.96
Overvalued
10.67
Undervalued
2.10
5Y Average
4.11
Current
3.97
Overvalued
4.73
Undervalued
3.49
Peers & Comparison
Sector: Utilities · Theme: Power Infrastructure
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
KALPATARU PROJECT INT LTD KPILPower Infrastructure | +10.1% | 3.8% | 21.8x Premium | +16% vs avg | +7.2% |
TRANSRAIL LIGHTING LTD TRANSRAILLPower Infrastructure | +7.1% | 5.9% | 15.7x Undervalued | -16% vs avg | -39.2% |
SKIPPER LIMITED trades at a premium (27.3x vs peer avg 18.8x), implying higher growth or quality expectations from the Power Infrastructure cohort. Peers include KALPATARU PROJECT INT LTD, TRANSRAIL LIGHTING LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹1.67K CrMar 2026Latest net profit
₹73 CrMar 2026Latest EPS
₹6.73Mar 2026Net margin
9.1%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 657 | 555 | 772 | 802 | 1,154 | 1,092 | 1,110 | 1,135 | 1,288 | 1,254 | 1,262 | 1,371 | 1,667 |
| Expenses | 586 | 494 | 699 | 725 | 1,045 | 987 | 997 | 1,024 | 1,164 | 1,127 | 1,131 | 1,229 | 1,493 |
| Operating Profit | 60.2 | 47.71 | 60.76 | 63.58 | 94.86 | 90.16 | 97.52 | 94.26 | 106 | 109 | 112 | 120 | 152 |
| OPM % | 9.16% | 8.6% | 7.87% | 7.93% | 8.22% | 8.26% | 8.79% | 8.3% | 8.26% | 8.73% | 8.85% | 8.74% | 9.11% |
| Other Income | 1.78 | 1.46 | 1.88 | 2.26 | 3 | 3.36 | 3.37 | 3.72 | 9.07 | 3.28 | 4.07 | 1.66 | 1.55 |
| Interest | 31.69 | 28.1 | 34.89 | 39.47 | 51.52 | 51.25 | 55.45 | 49.73 | 56.33 | 52.96 | 53.56 | 56.06 | 54.48 |
| Depreciation | 11.4 | 12.43 | 12.93 | 13.48 | 13.68 | 14.51 | 14.92 | 16.65 | 17.22 | 17.7 | 19 | 21.57 | 21.52 |
| Profit before tax | 30.29 | 21.07 | 27.75 | 26.37 | 46.34 | 42.27 | 45.44 | 48.25 | 59.17 | 59.78 | 62.19 | 65.43 | 98.95 |
| Tax % | 31.1% | 33.46% | 31.6% | 32.57% | 36.12% | 25.27% | 25.31% | 25.58% | 25.49% | 25.29% | 22.95% | 38.82% | 26.03% |
| Net Profit | 20.87 | 14.02 | 18.98 | 17.78 | 29.6 | 31.59 | 33.94 | 35.91 | 44.09 | 44.66 | 47.92 | 40.03 | 73.19 |
| EPS in Rs | 1.95 | 1.37 | 1.84 | 1.66 | 2.25 | 3.00 | 3.23 | 3.33 | 3.93 | 3.96 | 3.27 | 4.41 | 6.73 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.