Buy Skipper, target price Rs 600: Axis Securities

Axis Securities has buy call on Skipper with a target price of Rs 600. The current market price of Skipper is Rs 470.7.
Skipper, incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 5162.36 Crore) operating in Engineering sector.

Skipper key Products/Revenue Segments include Income from Infrastructure Activity, Export Incentives, Grants for the year ending 31-Mar-2024.


Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 1095.10 Crore, down -5.31 % from last quarter Total Income of Rs 1156.51 Crore and up 96.95 % from last year same quarter Total Income of Rs 556.04 Crore. Company has reported net profit after tax of Rs 31.59 Crore in latest quarter.

Promoter/FII Holdings

Promoters held 66.48% stake in the company as of 30-Jun-2024, while FIIs owned 3.63%, DIIs 0.24%.