Skipper Ltd (SKIPPER.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-301.9%

-₹1,039.22

vs ₹514.60 price

Levered DCF

₹344.58

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	18.69×	31.53×	41.56×	27.8×	22.23×	29.23×	4.64×	22.09×
P/B	2.67×	3.95×	3.73×	1.29×	0.76×	0.89×	0.28×	1.06×
P/S	0.72×	1.02×	1.03×	0.5×	0.33×	0.4×	0.14×	0.37×
EV / EBITDA	8.52×	11.8×	12.67×	7.44×	6.57×	7.2×	4.59×	6.62×
Gross margin	36.2%	22.3%	14.5%	16.1%	26.1%	27.4%	27.6%	25.9%
Operating margin	8.9%	18.5%	7.4%	7.8%	1.8%	4.1%	7.5%	7.8%
Net margin	3.8%	3.2%	2.5%	1.8%	1.5%	1.4%	3.0%	1.7%
Current ratio	1.3×	1.26×	1.32×	1.32×	1.28×	1.35×	1.27×	1.44×
Debt / equity	0.64×	0.62×	0.66×	0.64×	0.78×	0.63×	0.67×	0.81×
Interest coverage	2.27×	4.01×	1.58×	1.46×	0.32×	0.86×	1.21×	1.43×
Dividend yield	0.0%	0.0%	0.0%	0.1%	0.2%	0.2%	1.6%	3.0%
Payout ratio	0.5%	0.7%	1.3%	2.9%	4.1%	4.8%	7.5%	65.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.3%	12.5%	9.1%	4.6%	3.4%	3.0%	6.0%	4.8%
Return on invested capital	13.8%	31.1%	9.3%	7.7%	2.1%	3.7%	8.7%	8.6%
Return on assets	4.7%	4.4%	2.6%	1.6%	1.2%	1.1%	2.4%	1.9%
Free cash flow yield	-2.2%	-1.8%	2.9%	20.2%	-4.4%	19.5%	83.9%	13.4%
Earnings yield	5.3%	3.2%	2.4%	3.6%	4.5%	3.4%	21.6%	4.5%
Enterprise value	₹49.3B	₹53.3B	₹39.4B	₹14.8B	₹11.3B	₹10.7B	₹6.5B	₹12.1B
Net debt / EBITDA	1.63×	1.37×	1.9×	2.47×	3.33×	3×	3.25×	2.86×
Cash conversion cycle (days)	37	59	96	181	153	103	166	146