Skipper Gets Systematix 'Buy' As It Initiates Coverage — Check Target Price And More

Skipper’s integrated manufacturing for transmission and distribution structures, largest capacity in towers and poles, strong domestic T&D capex visibility and expansion into developed geographies provide significant tailwinds, believes the brokerage..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Systematix Report.Systematix initiates coverage on Skipper Ltd. with Buy call and sets a target price of Rs 490 based on 16x FY28E earnings.Skipper’s integrated manufacturing for transmission and distribution structures, largest capacity in towers and poles, strong domestic T&D capex visibility and expansion into developed geographies provide significant tailwinds. The company’s order book of Rs 88,000 crore (1.9x FY25 revenue) and a strong bidding pipeline provide a two-year visibility.Systematix expects revenue/Ebitda/PAT CAGR of 20%/24%/34% over FY25–28E..Key Risks Competitive intensity in tender based business, raw material volatility (50% of orders in book are fixed price in nature), working capital intensity and geopolitical uncertainty are some of the major risks. The brokerage factors in improved export mix which is also dependent on the company’s ability to secure these orders in international geographies. If the company fails to secure these orders, that would be a downside risk to the brokerage's estimates..Click on the attachment to read the full report:.Defence Stocks To Buy: BEL, HAL Among Motilal Oswal's Bet — Check Full List.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Skipper Gets Systematix 'Buy' As It Initiates Coverage — Check Target Price And More

Systematix initiates 'Buy' coverage on Skipper shares citing strong T&D outlook.

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