Nuvama has initiated a Buy rating on Skipper, expecting a 45% upside from the current market price of Rs 449.90, with a target price of Rs 650. The brokerage is optimistic about Skipper’s positioning as a niche player in India’s infrastructure development, particularly in transmission and distribution (T&D) systems.
Skipper is set to benefit from the National Electricity Plan (NEP), which proposes a significant transmission capex of Rs 9.2 trillion. Additionally, the global transition to renewable energy (RE) is driving growth in high-voltage T&D projects, from which Skipper is poised to gain. The company is also expected to capitalize on both domestic and export order tailwinds.
With expected compounded annual growth rates (CAGR) of 22% in order inflows, 26% in sales, and 50% in earnings per share (EPS) over FY24–27, Nuvama forecasts a strong EBITDA margin of 10.5% by FY27.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice. Always consult a financial advisor before making any investment decisions.
