External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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<ul><li>Strong Orderbook, Capacity Expansion,  Export Opportunities</li><li>Skipper Ltd, established in 1981, has grown into a global leader in the engineering and infrastructure sector, specialising in the manufacture of transmission and distribution (T&amp;D) structures, including towers and poles.</li><li>Over the past four decades, the company expanded its presence across multiple industries, including polymer pipes and fittings, railway electrification structures, telecom towers &amp; poles, and EPC projects</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strong Orderbook, Capacity Expansion,  Export OpportunitiesSkipper Ltd, established in 1981, has grown into a global leader in the engineering and infrastructure sector, specialising in the manufacture of transmission and distribution (T&amp;D) structures, including towers and poles.Over the past four decades, the company expanded its presence across multiple industries, including polymer pipes and fittings, railway electrification structures, telecom towers &amp; poles, and EPC projectsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: Skipper LTD - 03rd October, 2026

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

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Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

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<ul>
<li>Q1 FY27 delivered record first quarter revenue, 60 bps EBITDA margin expansion and the company’s highest ever closing order book.</li>
<li>Backlog equals roughly 1.66 times FY26 revenue, offering multi year visibility as India and overseas markets accelerate grid investment.</li>
<li>The story has shifted from order acquisition to profitable conversion; cash flow and execution mix now matter more than headline wins.</li>
</ul>


Q1 FY27 delivered record first quarter revenue, 60 bps EBITDA margin expansion and the company’s highest ever closing order book.
Backlog equals roughly 1.66 times FY26 revenue, offering multi year visibility as India and overseas markets accelerate grid investment.
The story has shifted from order acquisition to profitable conversion; cash flow and execution mix now matter more than headline wins.


Skipper Limited: From Order Book To Earnings

<ul><li>Strong Order Book: Skipper's order inflow stood at Rs 1,674 Cr in Q1FY27, including two prestigious 765 kV transmission line projects from a reputed domestic developer in Maharashtra.</li><li>The closing order book hit a fresh high of Rs 9,217 Cr as of Jun'26, up 8.4% vs Rs 8,502 Cr in Q4FY26.</li><li>The order book comprises 80% domestic T&amp;D orders, 11% non-T&amp;D domestic orders (Railways, Telecom, Solar, Water EPC and other steel structural items) and 9% export orders. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strong Order Book: Skipper's order inflow stood at Rs 1,674 Cr in Q1FY27, including two prestigious 765 kV transmission line projects from a reputed domestic developer in Maharashtra.The closing order book hit a fresh high of Rs 9,217 Cr as of Jun'26, up 8.4% vs Rs 8,502 Cr in Q4FY26.The order book comprises 80% domestic T&amp;D orders, 11% non-T&amp;D domestic orders (Railways, Telecom, Solar, Water EPC and other steel structural items) and 9% export orders. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Skipper Limited - Resilient Q1; Balance Sheet and Order Book Strengthen Further

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<ul>
 <li>
<a href="https://smartkarma.com/entities/skipper-ltd">Skipper Ltd</a>. is demonstrating a robust growth trajectory, driven by strong domestic demand in the power transmission and polymer pipe sectors, and supported by significant capacity expansion plans.</li>
 <li>The company faces near-term headwinds in its export business due to geopolitical issues, which has led to a downward revision of revenue growth guidance for FY27.</li>
 <li>Financial performance shows impressive top-line and profit growth over the past three years, but this has been accompanied by negative free cash flow, indicating heavy investment in growth and working capital.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Skipper Ltd. is demonstrating a robust growth trajectory, driven by strong domestic demand in the power transmission and polymer pipe sectors, and supported by significant capacity expansion plans.
  The company faces near-term headwinds in its export business due to geopolitical issues, which has led to a downward revision of revenue growth guidance for FY27.
  Financial performance shows impressive top-line and profit growth over the past three years, but this has been accompanied by negative free cash flow, indicating heavy investment in growth and working capital.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Skipper Ltd (SKIPPER IN) - Jul 2026

<ul><li>Strong Order Book: Skipper secured new orders totalling Rs 1,029 Cr in Q4FY26, including a multi-million-dollar contract, which is the largest order to date in the North American market with a top-tier utility company.</li><li>As of Mar’26, the order book stood at Rs 8,502 Cr, up 14% YoY, but down 6% QoQ.</li><li>The order book comprises 77% domestic T&amp;D orders, 13% non-T&amp;D orders, and 10% export orders.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strong Order Book: Skipper secured new orders totalling Rs 1,029 Cr in Q4FY26, including a multi-million-dollar contract, which is the largest order to date in the North American market with a top-tier utility company.As of Mar’26, the order book stood at Rs 8,502 Cr, up 14% YoY, but down 6% QoQ.The order book comprises 77% domestic T&amp;D orders, 13% non-T&amp;D orders, and 10% export orders.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Skipper Limited - Strong Q4; Overall Beat, Near-Term Export Headwinds Emerging

India

Skipper Limited is an Indian industrial manufacturing company primarily engaged in power transmission and distribution (T&D) structures, polymer pipes, and infrastructure projects, including EPC services for transmission lines and railway electrification. It is one of the world's largest integrated manufacturers of T&D structures and a significant player in the polymer pipe industry, exporting to over 65 countries. The company was founded in 1981 and is headquartered in Kolkata, India.

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Skipper (SKIPPER IN)

Pick of the Week: Skipper LTD - 03rd October, 2026

Skipper Ltd, established in 1981, has grown into a global leader in the engineering and infrastructure sector, specialising in the manufacture of...

Axis Direct

Skipper Limited: From Order Book To Earnings

Skipper’s growth story has shifted from order wins to execution. The current backlog of its Rs. 9,216.6 crore which shows growth in the upcoming...

Nimish Maheshwari

Skipper Limited - Resilient Q1; Balance Sheet and Order Book Strengthen Further

Skipper's order inflow stood at Rs 1,674 Cr in Q1FY27, including two prestigious 765 kV transmission line projects from a reputed domestic...

Axis Direct

Primer: Skipper Ltd (SKIPPER IN) - Jul 2026

Skipper Ltd. is demonstrating a robust growth trajectory, driven by strong domestic demand in the power transmission and polymer pipe sectors,...

αSK Primers

Skipper Limited - Strong Q4; Overall Beat, Near-Term Export Headwinds Emerging

Skipper secured new orders totalling Rs 1,029 Cr in Q4FY26, including a multi-million-dollar contract, which is the largest order to date in the...

Axis Direct

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