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.

Equity Bottom-Up

<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

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

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.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>In Real-time market (RTM) Power volumes surged by 20% in June, reflecting the need for immediate power delivery during sudden high-demand periods.</li>
<li>Indian Govt has extended the blending period of imported coal to Jun-24 to meet the rising demand. </li>
<li>Rising Power demand will create a lot more opportunity across value chain including transformers, cables, smart meters etc.</li>
</ul>


In Real-time market (RTM) Power volumes surged by 20% in June, reflecting the need for immediate power delivery during sudden high-demand periods.
Indian Govt has extended the blending period of imported coal to Jun-24 to meet the rising demand. 
Rising Power demand will create a lot more opportunity across value chain including transformers, cables, smart meters etc.


Thematic Report- Indian Power at Peak: Value Chain Stocks

India

Skipper Ltd. conducts infrastructure project and steel producing operations. The Company manufactures galvanized, polyvinyl chloride, solid, waste, and rain pipes, fittings, transmission and telecom towers, poles, scaffoldings, and hot rolled products. Skipper also provides horizontal directional drilling, as well as engineering, procurement, and construction services.

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Skipper Ltd (SKIPPER IN)

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

Thematic Report- Indian Power at Peak: Value Chain Stocks

Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

Thematic Report- Indian Power at Peak: Value Chain Stocks

​Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...

Nimish Maheshwari

Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...