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 Macro Tailwinds: The 9.15 Tr capex over 2023-2032 as per National Electricity Plan through Public-Private-Partnership agreements and through Power Grid’s own balance sheet strength will continue to drive growth for Skipper’s Engineering division.</li><li>The export market led by the transition towards RE and carbon neutrality offers a broad scope for growth.</li><li>The demand outlook is strong, and it already has a strong bid pipeline of Rs 18,000-20,000 Cr.</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 Macro Tailwinds: The 9.15 Tr capex over 2023-2032 as per National Electricity Plan through Public-Private-Partnership agreements and through Power Grid’s own balance sheet strength will continue to drive growth for Skipper’s Engineering division.The export market led by the transition towards RE and carbon neutrality offers a broad scope for growth.The demand outlook is strong, and it already has a strong bid pipeline of Rs 18,000-20,000 Cr.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 Ltd - Good Q3 with Macro Tailwinds Intact; Capacity Ramp-Up Remains Key

<ul><li>Skipper Ltd (Skipper) is India’s largest and the world’s only integrated Transmission &amp; Distribution (T&amp;D) company present across the entire transmission chain.</li><li>The company has its own Structure Rolling, Manufacturing, Tower Load Testing Station, and Transmission Line EPC.</li><li>Its capability to execute high-voltage power transmission projects gives it a distinct competitive edge over peers with a 10-15% market share in high voltage transmission segment.</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.

Skipper Ltd (Skipper) is India’s largest and the world’s only integrated Transmission &amp; Distribution (T&amp;D) company present across the entire transmission chain.The company has its own Structure Rolling, Manufacturing, Tower Load Testing Station, and Transmission Line EPC.Its capability to execute high-voltage power transmission projects gives it a distinct competitive edge over peers with a 10-15% market share in high voltage transmission segment.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.

Pick of the Week: Skipper Limited - 13 January 2025

<ul><li>Strong Order Book: Skipper received new orders totalling Rs 1,660 Cr in Q2FY25 including substantial domestic orders from PowerGrid Corporation of India and various State Electricity Boards.</li><li>It now has its largest ever orderbook of Rs 6,590 Cr with 62% domestic T&amp;D orders, 23% Non-T&amp;D orders (Telecom, Railways, Solar, Water EPC, and other Steel Structural items) and 15% export orders.</li><li>All export orders pertain to T&amp;D. The Infrastructure segment contributes to ~30% of the total domestic orderbook. </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 received new orders totalling Rs 1,660 Cr in Q2FY25 including substantial domestic orders from PowerGrid Corporation of India and various State Electricity Boards.It now has its largest ever orderbook of Rs 6,590 Cr with 62% domestic T&amp;D orders, 23% Non-T&amp;D orders (Telecom, Railways, Solar, Water EPC, and other Steel Structural items) and 15% export orders.All export orders pertain to T&amp;D. The Infrastructure segment contributes to ~30% of the total domestic orderbook. 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 Orderbook & Macro Tailwinds Provide Growth Visibility

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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.

<ul><li>Skipper’s performance in last 1-2 years reflects pick up in domestic and international T&amp;D capex cycle, enhanced EPC capabilities in infra and T&amp;D and strong volume growth in PVC pipes.</li><li>This largest Indian manufacturer of T&amp;D structures is set to ride on multi-year opportunity (INR 4.75trn over FY23-27 of domestic T&amp;D capex, INR 9.2trn over FY23-32, according to NEP) and plans to double its engineering capacity to 0.6mn TPA over the next 4-5 years.</li><li>In addition, the company’s export business may also benefit from its expansion in developed markets.</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.

Skipper’s performance in last 1-2 years reflects pick up in domestic and international T&amp;D capex cycle, enhanced EPC capabilities in infra and T&amp;D and strong volume growth in PVC pipes.This largest Indian manufacturer of T&amp;D structures is set to ride on multi-year opportunity (INR 4.75trn over FY23-27 of domestic T&amp;D capex, INR 9.2trn over FY23-32, according to NEP) and plans to double its engineering capacity to 0.6mn TPA over the next 4-5 years.In addition, the company’s export business may also benefit from its expansion in developed markets.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.

<ul><li>We initiate coverage of Skipper Limited (Skipper) with a BUY recommendation and a target price of Rs 600/share, implying an upside potential of 44% from the CMP.</li><li>Skipper is India’s largest and the world’s only integrated Transmission &amp; Distribution (T&amp;D) company present across the entire transmission chain.</li><li>The company has its own Structure Rolling, Manufacturing, Tower Load Testing Station, and Transmission Line EPC. </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.

We initiate coverage of Skipper Limited (Skipper) with a BUY recommendation and a target price of Rs 600/share, implying an upside potential of 44% from the CMP.Skipper is India’s largest and the world’s only integrated Transmission &amp; Distribution (T&amp;D) company present across the entire transmission chain.The company has its own Structure Rolling, Manufacturing, Tower Load Testing Station, and Transmission Line EPC. 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 - Riding on the T&D Capex Wave

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)

Skipper Ltd - Good Q3 with Macro Tailwinds Intact; Capacity Ramp-Up Remains Key

The export market led by the transition towards RE and carbon neutrality offers a broad scope for growth. The demand outlook is strong, and it...

Axis Direct

Pick of the Week: Skipper Limited - 13 January 2025

Skipper Ltd (Skipper) is India’s largest and the world’s only integrated Transmission & Distribution (T&D) company present across the entire...

Axis Direct

Skipper Limited - Strong Orderbook & Macro Tailwinds Provide Growth Visibility

Skipper received new orders totalling Rs 1,660 Cr in Q2FY25 including substantial domestic orders from PowerGrid Corporation of India and various...

Axis Direct

Skipper Limited - A High VOLTage Story

Skipper’s performance in last 1-2 years reflects pick up in domestic and international T&D capex cycle, enhanced EPC capabilities in infra and T&D...

ICICI Securities Limited

Skipper Limited - Riding on the T&D Capex Wave

We initiate coverage of Skipper Limited (Skipper) with a BUY recommendation and a target price of Rs 600/share, implying an upside potential of 44%...

Axis Direct

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