Skipper Limited (SKIPPER) - Net Assets
Based on the latest financial reports, Skipper Limited (SKIPPER) has net assets worth Rs12.80 Billion INR (≈ $138.43 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs40.21 Billion ≈ $434.86 Million USD) and total liabilities (Rs27.41 Billion ≈ $296.43 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Skipper Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs12.80 Billion |
| % of Total Assets | 31.83% |
| Annual Growth Rate | 15.76% |
| 5-Year Change | 68.56% |
| 10-Year Change | 212.72% |
| Growth Volatility | 12.03 |
Skipper Limited - Net Assets Trend (2013–2025)
This chart illustrates how Skipper Limited's net assets have evolved over time, based on quarterly financial data. Also explore SKIPPER asset base for the complete picture of this company's asset base.
Annual Net Assets for Skipper Limited (2013–2025)
The table below shows the annual net assets of Skipper Limited from 2013 to 2025. For live valuation and market cap data, see SKIPPER stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs11.93 Billion ≈ $129.03 Million |
+32.92% |
| 2024-03-31 | Rs8.98 Billion ≈ $97.07 Million |
+16.97% |
| 2023-03-31 | Rs7.67 Billion ≈ $82.99 Million |
+4.82% |
| 2022-03-31 | Rs7.32 Billion ≈ $79.18 Million |
+3.43% |
| 2021-03-31 | Rs7.08 Billion ≈ $76.55 Million |
+2.99% |
| 2020-03-31 | Rs6.87 Billion ≈ $74.33 Million |
+5.96% |
| 2019-03-31 | Rs6.49 Billion ≈ $70.14 Million |
+1.78% |
| 2018-03-31 | Rs6.37 Billion ≈ $68.92 Million |
+28.93% |
| 2017-03-31 | Rs4.94 Billion ≈ $53.46 Million |
+29.56% |
| 2016-03-31 | Rs3.82 Billion ≈ $41.26 Million |
+25.56% |
| 2015-03-31 | Rs3.04 Billion ≈ $32.86 Million |
+31.44% |
| 2014-03-31 | Rs2.31 Billion ≈ $25.00 Million |
+12.17% |
| 2013-03-31 | Rs2.06 Billion ≈ $22.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Skipper Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 927.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs8.24 Billion | 69.05% |
| Common Stock | Rs112.85 Million | 0.95% |
| Other Comprehensive Income | Rs439.76 Million | 3.69% |
| Other Components | Rs3.14 Billion | 26.32% |
| Total Equity | Rs11.93 Billion | 100.00% |
Skipper Limited Competitors by Market Cap
The table below lists competitors of Skipper Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yieh United Steel
TWO:9957
|
$584.51 Million |
|
Dongwon F & B
KO:049770
|
$584.51 Million |
|
China National Complete Plant Import & Export Corp Ltd
SHE:000151
|
$584.52 Million |
|
Red River Bancshares Inc
NASDAQ:RRBI
|
$584.66 Million |
|
Zambal Spain Socimi SA
MC:YZBL
|
$584.16 Million |
|
Escar Turizm Tasimacilik Ticaret AS
IS:ESCAR
|
$584.01 Million |
|
MIDEA REAL HLDG HD 1
F:MR9
|
$584.00 Million |
|
Well Lead Med Co Ltd
SHG:603309
|
$583.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skipper Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,976,200,000 to 11,931,030,000, a change of 2,954,830,000 (32.9%).
- Net income of 1,493,460,000 contributed positively to equity growth.
- Dividend payments of 10,520,000 reduced retained earnings.
- Share repurchases of 1,477,860,000 reduced equity.
- New share issuances of 1,477,860,000 increased equity.
- Other comprehensive income decreased equity by 1,010,000.
- Other factors increased equity by 1,472,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.49 Billion | +12.52% |
| Dividends Paid | Rs10.52 Million | -0.09% |
| Share Repurchases | Rs1.48 Billion | -12.39% |
| Share Issuances | Rs1.48 Billion | +12.39% |
| Other Comprehensive Income | Rs-1.01 Million | -0.01% |
| Other Changes | Rs1.47 Billion | +12.35% |
| Total Change | Rs- | 32.92% |
Book Value vs Market Value Analysis
This analysis compares Skipper Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 18.11x to 4.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs26.42 | Rs478.45 | x |
| 2014-03-31 | Rs23.39 | Rs478.45 | x |
| 2015-03-31 | Rs29.70 | Rs478.45 | x |
| 2016-03-31 | Rs37.29 | Rs478.45 | x |
| 2017-03-31 | Rs48.31 | Rs478.45 | x |
| 2018-03-31 | Rs62.01 | Rs478.45 | x |
| 2019-03-31 | Rs63.18 | Rs478.45 | x |
| 2020-03-31 | Rs65.39 | Rs478.45 | x |
| 2021-03-31 | Rs67.34 | Rs478.45 | x |
| 2022-03-31 | Rs69.65 | Rs478.45 | x |
| 2023-03-31 | Rs73.01 | Rs478.45 | x |
| 2024-03-31 | Rs78.51 | Rs478.45 | x |
| 2025-03-31 | Rs110.65 | Rs478.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skipper Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 2.85x
- Recent ROE (12.52%) is above the historical average (12.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.08% | 2.08% | 1.14x | 3.82x | Rs-18.96 Million |
| 2014 | 11.64% | 2.58% | 1.18x | 3.81x | Rs37.92 Million |
| 2015 | 29.35% | 6.79% | 1.23x | 3.50x | Rs587.84 Million |
| 2016 | 24.93% | 6.32% | 1.27x | 3.12x | Rs569.78 Million |
| 2017 | 22.56% | 6.55% | 1.28x | 2.69x | Rs620.67 Million |
| 2018 | 18.48% | 5.68% | 1.19x | 2.74x | Rs540.35 Million |
| 2019 | 4.81% | 1.67% | 1.13x | 2.55x | Rs-336.65 Million |
| 2020 | 6.00% | 2.98% | 0.81x | 2.49x | Rs-274.73 Million |
| 2021 | 3.03% | 1.36% | 0.82x | 2.71x | Rs-493.50 Million |
| 2022 | 3.43% | 1.48% | 0.81x | 2.85x | Rs-480.66 Million |
| 2023 | 4.63% | 1.81% | 0.88x | 2.90x | Rs-411.75 Million |
| 2024 | 9.10% | 2.50% | 1.04x | 3.50x | Rs-80.97 Million |
| 2025 | 12.52% | 3.23% | 1.36x | 2.85x | Rs300.36 Million |
Industry Comparison
This section compares Skipper Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,406,533,252
- Average return on equity (ROE) among peers: 11.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skipper Limited (SKIPPER) | Rs12.80 Billion | 9.08% | 2.14x | $584.19 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $2.39 Billion | -46.34% | 11.33x | $32.19 Million |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $35.98 Billion | 12.50% | 3.51x | $1.35 Billion |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $4.86 Million |
| Ashoka Buildcon Limited (ASHOKA) | $1.53 Billion | 2.79% | 1.89x | $407.57 Million |
| AXISCADES Technologies Limited (AXISCADES) | $1.27 Billion | 15.54% | 0.48x | $923.53 Million |
| Capacit'e Infraprojects Limited (CAPACITE) | $1.73 Billion | 28.13% | 4.06x | $230.95 Million |
| Consolidated Construction Consortium Limited (CCCL) | $4.51 Billion | 19.32% | 1.22x | $79.43 Million |
| Ceigall India (CEIGALL) | $4.31 Billion | 29.19% | 1.22x | $637.91 Million |
| Dilip Buildcon Limited (DBL) | $1.13 Billion | 34.61% | 3.83x | $816.55 Million |
| Dhruv Consultancy Services Limited (DHRUV) | $395.72 Million | 12.22% | 1.09x | $7.28 Million |
About Skipper Limited
Skipper Limited manufactures and sells transmission and distribution structures, telecom towers, and fasteners in India. The company operates through three segments: Engineering Products, Infrastructure Projects, and Polymer Products. The Engineering Products segment offers power transmission towers, telecom towers, tower accessories, fasteners, angles, channels, high mast and swaged poles, solar… Read more