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SKIPPER Diversified 2026-04-??

Skipper Ltd — Q4 FY26

Skipper delivered a record Q4 FY26 with revenue of ₹1,666 crore (+29.4% YoY) and EBITDA of ₹173.4 crore (+40.2% YoY), driven by strong execution in the engineering segment (₹1,248 crore, +33% YoY).

bullish high
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Revenue ₹1,667 Cr +29.4%
EBITDA ₹173 Cr +40.2%
PAT ₹78 Cr +70%
EBITDA Margin 10% +80bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

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Skipper delivered a record Q4 FY26 with revenue of ₹1,666 crore (+29.4% YoY) and EBITDA of ₹173.4 crore (+40.2% YoY), driven by strong execution in the engineering segment (₹1,248 crore, +33% YoY). PAT surged 70% YoY to ₹75.6 crore, with EBITDA margins expanding 80 bps to 10.4% on operating leverage and better cost structure. The full-year order book hit a record ₹8,519 crore with inflows of ₹5,678 crore. Management guided for FY27 revenue growth of 15% and PAT growth of 30%, citing conservative export outlook due to geopolitical headwinds. Key risk: execution delays from right-of-way constraints and critical equipment shortages could temper growth.

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Risk Intelligence

Export headwinds from Middle East and global shipping

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Quarter Snapshot

Order Book ₹8,519 crore
+?% YoY

Highest ever order book, supported by record annual inflows of ₹5,678 crore.

Order Inflow (Q4) ₹1,290 crore
+?% YoY

Quarterly order inflow of ₹1,290 crore, contributing to record annual inflows.

Bidding Pipeline ₹33,000 crore
N/A

Strong pipeline providing visibility for future order inflows; conversion ratio 20-25%.

Capacity Utilization >85%
N/A

Utilization remains strong; new capacity of 75,000 tons coming online by June 2026.

Fast read

Guidance and risk preview

Top guidance FY27 revenue growth of 15%

Management guided for 15% top-line growth in FY27, citing conservative outlook due to export challenges and muted bidding in FY26.

Top risk Export headwinds from Middle East and global shipping

Geopolitical tensions in the Middle East and elevated sea freight rates are delaying export order inflows and execution, impacting near-term growth.

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