Skipper Limited

Last updated

Skipper Limited
FormerlySkipper Investments Limited
Skipper Steels Limited
Type Public
NSE:  SKIPPER
BSE:  538562
ISIN INE439E01022
Industry Iron, Steel
Founded1981;41 years ago (1981) in Kolkata, India
FounderSadhu Ram Bansal
Headquarters
Kolkata, West Bengal
,
India
Area served
Worldwide
Key people
Sajan Kumar Bansal (Managing director)
Amit Kiran Deb (Chairman)
Sharan Bansal (Director)
Devesh Bansal (Director)
Siddharth Bansal (Director)
RevenueIncrease2.svg₹1711.09 Crore (March 2022 [1] )
Total assets ₹1166 Crore (2022 [2] )
Number of employees
2135 (2021)
Parent SK Bansal Group
Subsidiaries Skipper Pipes Steels
Website Official website

Skipper Limited is an Indian transmission and distribution structure manufacturing company, founded in 1981. It is headquatered in Kolkata, India. The company is a part of the SK Bansal Group, promoted by Sajan Kumar Bansal. Skipper Limited operates in the Power transmission and distribution and polymer pipes and fittings segment with presence across sub-segments such as Towers, EPC, Monopoles and Poles. It is the third largest company in terms of manufacturing capacity of Power T&D structures. [3] It exports to over twenty countries across South America, Europe, Africa, the Middle East, South Asia and Australia. [4]

Contents

In 2021, the company was ranked at #61 in Fortune magazine's "Next 500" list of Indian companies. [2] Skipper Limited was listed in India's Top 500 Companies 2016 and 2021 list by Dun & Bradstreet. [5] [6]

History

The company was incorporated as Skipper Investments Limited in 1981. It was renamed Skipper Steels Limited in 1990 and diversified to manufacture Telecom Towers and High Masts. It changed its name to Skipper Limited in 2009. It set up an LPG Gas Cylinder unit in 2001, followed by establishing its first tube mill in 2003. In 2005, the company set up its first Galvanising plant. Skipper received Power grid approval for the Tower unit and got an order for 400kV towers in 2006.

In 2007, it forayed into the value addition of Steel Tubes as scaffolding. In 2009, Skipper Limited received an order for 800KV transmission tower from Power Grid Corporation of India Limited. It also commissioned a Polymer production manufacturing Unit in Uluberia, West Bengal and a double side Tube GI Plant in 2009. [5]

In April 2015, Skipper Limited set up a PVC manufacturing facility in Ahmedabad, Gujarat, with a capacity of 10,000 metric tonnes. The Ahmedabad plant was commissioned with an investment of ₹ 50 crores. [7] In December 2015, Skipper entered the Northeast India by commissioning its manufacturing plant in Guwahati, Assam with a capacity to manufacture 4000 MTPA of plumbing and agricultural pipes. [8]

In January 2016, the company set up one of India's largest galvanizing plants in Uluberia, West Bengal. The plant is meant for structures that are 2.5m in diameter and 12m in length. The total galvanizing capacity of the plant is 8000 tonnes per month. [9] It set up a PVC products plant in Sikandrabad, Uttar Pradesh in 2016, which has a capacity of about 8,000 metric tonnes. [10]

In July 2016, the company forayed into South India by setting up its first PVC pipes manufacturing unit in Bollaram, Hyderabad, with an installed capacity to produce 6,000 tonnes of plumbing and agricultural pipes per annum. [11] [12]

In March 2017, the company invested ₹70 crores and set up a new plant in Palasbari, Guwahati, which has a capacity to manufacture 30,000 tonnes of engineering products and 7000 tonnes of polymer products annually. [13]

Operations

Skipper Limited is engaged in the power distribution and transmission infrastructure sectors. It exports its products to more than forty countries, including those in South America, Europe, Africa, the Middle East, South Asia and Southeast Asia, and Australia. It undertakes activity from angle rolling to fabrication and galvanising, proto assembly, load testing and EPC line construction.

Under the brand name Skipper Pipes, it manufactures polymer pipes and fittings that serve the agricultural and plumbing sectors. [14] Skipper has 20% of its business coming from the PVC pipes segment and infrastructure projects. [15] Skipper Pipe has a turnover of ₹330 crores in 2022, contributing to around 19 percent of Skipper’s total revenues. Skipper Pipes was started in 2009-2010. The company mainly focused on the eastern and northeastern markets until 2015-2016. It slowly started covering other markets in 2017. As of 2022, it has about 120 distributors and 18,000 retailers across India. [16]

As of 2018, Skipper Limited has three manufacturing facilities in Howrah district in West Bengal, two in Guwahati, Assam and one in Hyderabad. As of 2017, the capacity of the engineering products division is 230,000 MTPA, while the capacity of the polymer division is 48,000 MTPA. [13] It has 175,000 tonnes of tower-making capacity. [15]

As of 2017, the cumulative production capacity of the Skipper Limited was 300000 MTPA. [17] [18] [19]

Partnership

Skipper Limited tied up with Ramboll, a Danish Engineering company as a manufacturing partner, in the year 2006. [5] In 2015, it entered into a partnership with global giant Japan-based Sekisui Chemical as a technology tie-up for manufacturing CPVC Pipes in India. It partnered with the Netherlands-based Wavin Group for exclusive rights to sell the Hep2o Polybutylene push-fit plumbing systems. [20]

In 2017, Skipper Limited formed a joint venture with Israel-based Metzerplas, a manufacturer of irrigation equipment. [21]

Financials

The company reported total revenue of ₹1,711.09 crores in March 2022, while it had registered ₹1,585.53 crores in March 2021. In the financial year 2019-20, the company recorded total revenue of ₹1,392.47 crores. [22]

In June 2018, the company reported a fall of 15% in net profit for the last quarter, with analysts blaming the drop on the decision to diversify into PVC pipes. [23]

In the financial year 2016, the segment-wise revenue performance of the company was ₹13,260 million for engineering products, ₹1,525 million for polymer products and ₹277 million for infrastructure projects. [24]

It registered a 232 per cent annual growth in its net profit at ₹89 crores for the fiscal year 2015. The company's revenue grew by 26 per cent during the same period to ₹ 1,313 crores. [3] The power T&D business contributed 80 per cent share in the company's overall Rs 1,450 crore revenues for the financial year 2014-15. [15] In 2013-14, it reported revenue of ₹1,165 crore. [25]

IPO

In 2015, Skipper Limited was listed at Bombay Stock Exchange with a market capitalization of over ₹15, 000 million (as of March 2015 ending). In 2016, it was listed in the National Stock Exchange of India with a capital of ₹13,634 million (as of 31 March 2016). [26] [27] [28]

Awards and recognition

In December 2015, Skipper Limited won CBIP Award for the Best Industry in Water Resource Sector for manufacturing Plastic Piping Systems from the Central Board of Irrigation and Power, Ministry of Water Resources, River Development & Ganga Rejuvenation and the Government of India. The award was presented by Uma Bharti, the Union Minister. [29] The company received the Star Performer award at the 48th EEPC India National Export Awards 2015 by the Engineering Exports Promotion Council. [30]

Skipper Limited has been listed as a Fortune Next 500 company for the year 2020, 2021 and 2022. In 2022, it was ranked #61 on Fortune Next 500 list under the iron and steel category, by Fortune India . [2]

YearNameAwarding organisationResult
2015CNBC Award for the Fastest Growing Transmission Tower Manufacturing Company CNBC [5] Won
2015CBIP Award for the Best Industry in Water Resource SectorCentral Board of Irrigation and Power, Ministry of Water Resources, River Development and Ganga Rejuvenation [29] Won
2015–2016Star Performer Award

Product Group – Other fabricated metal products excl machinery and equipment, Large Enterprise

 Engineering Exports Promotion Council
Ministry of Commerce and Industry [30] 		Won
2016Most Ethical Company - Engineering & DesignWorld CSR Day Asian Confederation of Businesses, World Federation of CSR and World Sustainability [31] Won
2016Largest Tower Supplier Award Power Grid Corporation of India Limited [32] Won
2017Emerging EPC Player in Power TransmissionEPC World [33] Won
2017Global HR Excellence Award for Continuous HR Innovation for Business ExcellenceWorld HRD Congress [34] Won
2016–2017The Emerging No.1 Brand of the YearWCRC [35] Won
2018Dream Companies To Work For - Manufacturing Sector, Ranked #33 ET Now [36] Won
2019Dream Companies To Work For - Manufacturing Sector, Ranked #15 ET Now [36] Won
2021Dream Company to Work forNational Feather Awards, The Economic Times [37] Won

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References

  1. ↑ "Skipper Ltd. Profit and Loss". The Economic Times. March 2022.
  2. 1 2 3 "Fortune India The Next 500". Fortune India. 2022.
  3. 1 2 "Skipper Limited Sets Big Plans for PVC Pipes Business". NDTV. 29 September 2015.
  4. ↑ "Skipper bags Rs 405 crore orders in engineering products segment". The Economic Times. 24 March 2017.
  5. 1 2 3 4 "India's Top 500 Companies 2016". Dun & Bradstreet.
  6. ↑ "India's TOP 500 Companies 2021". Dun & Bradstreet. 2021.
  7. ↑ Sengupta, Debjoy (20 April 2015). "Skipper limited sets up PVC manufacturing facility in Gujarat". The Economic Times.
  8. ↑ Allirajan, A (22 December 2015). "Skipper commissions PVC plant in Guwahati". The Times of India.
  9. ↑ ""Skipper installs one of India's largest galvanizing plants in WB"". The Machinist. 25 January 2016.
  10. ↑ Rao, Rakesh (3 February 2016). "Skipper commissions PVC products plant in Uttar Pradesh". Business Standard.
  11. ↑ Sengupta, Archak (23 July 2016). "Skipper Limited launch Hyderabad unit". Deccan Chronicle.
  12. ↑ Sridhar, G Naga (23 July 2016). "Skipper sets up PVC pipe plant in Bollaram". The Hindu.
  13. 1 2 "Skipper Ltd commissions second plant in Guwahati". Kolkata: Business Standard. 29 March 2017.
  14. ↑ "Skipper growth path". The Telegraph India. 19 April 2015.
  15. 1 2 3 Vora, Rutan (23 January 2018). "Skipper plans 25,000 TPA capacity addition in T&D segment". The Hindu Business Line.
  16. ↑ Roy, Shobha (10 August 2022). "Skipper Pipes looking to double revenues with newer markets". The Hindu Business Line.
  17. ↑ "Skipper set to expand PVC pipes capacity by four times". The Hindu Business Line. 14 April 2015. Retrieved 4 March 2017.
  18. ↑ "Skipper Ltd Q1 net jumps 37% to Rs 13.72 crore". The Times of India. 8 August 2016. Retrieved 18 March 2017.
  19. ↑ "Skipper to power up on infra push in North-East". Business Line . 8 August 2018.
  20. ↑ "Skipper enters into two separate partnership with Sekisui & Wavin group". Moneyworks4me. 9 June 2015.
  21. ↑ "Skipper hits record high; to tie-up with Metzerplas of Israel". Mumbai: Business Standard. 27 November 2017.
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  23. ↑ Nathan, Narendra (4 June 2018). "Stock pick of the week: Why analysts are bullish on Skipper shares". The Economic Times.
  24. ↑ "Skipper aims at triple turnover in 4 years". The Times of India. 16 March 2015.
  25. ↑ "Skipper Ltd to export more transmission towers". Kolkata: The Hindu Business Line. 25 March 2015.
  26. ↑ "Announcement" (PDF). Finalaya. Retrieved 26 April 2021.
  27. ↑ "Skipper Ltd". Bseindia.com . Retrieved 4 March 2017.
  28. ↑ Sengupta, Debjoy (27 May 2015). "Skipper Ltd lists at National Stock Exchange". The Economic Times.
  29. 1 2 "Skipper Limited ends 2015 with Best Industry Accolade". India Infoline. 31 December 2015.
  30. 1 2 "EEPC INDIA". eepcindia.org. 6 August 2018.
  31. ↑ "Skipper Limited awarded "Most Ethical Company - Engineering & Design"". Equity Bulls. 26 November 2016.
  32. ↑ "Skipper Ltd awarded as 'Largest Supplier - Towers' by Power Grid". Equity Bulls. 28 May 2018.
  33. ↑ "Skipper Limited awarded Emerging EPC Player in Power Transmission". The Hindu Business Line. 19 January 2017.
  34. ↑ "Global HR Excellence Awards". World HRD Congress. 2017.
  35. ↑ "Premium Pipes". ConstructionWorld. 1 February 2017.
  36. 1 2 "Award Winners - Dream Companies to Work for". 16 February 2019.
  37. ↑ "National Feathers Awards 2021 Winners" (PDF). 29 April 2021.
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