{{short description|Indian electricity transmission tower manufacturing company}} {{Use dmy dates|date=September 2018}} {{Infobox company | name = Skipper Limited | logo = Skipper Limited.svg | logo_size = | logo_upright = <!-- default = 1 --> | logo_alt = | logo_caption = | image = | image_size = | image_upright = <!-- default = 1 --> | image_alt = | image_caption = | trade_name = | native_name = | native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{Lang|[code]|[name]}} in native_name = and leave native_name_lang = empty. --> | romanized_name = | former_name = Skipper Investments Limited <br> Skipper Steels Limited | type = Public | traded_as = {{NSE|SKIPPER}}<br>{{BSE|538562}} | ISIN = INE439E01022 | industry = Iron, Steel | genre = | predecessor = <!-- or: | predecessors = --> | founded = {{Start date and age|1981}} in Kolkata, India | founder = Sadhu Ram Bansal | defunct = <!-- {{End date|YYYY|MM|DD}} --> | fate = | successor = <!-- or: | successors = --> | hq_location = | hq_location_city = Kolkata, West Bengal | hq_location_country = India | num_locations = | num_locations_year = <!-- Year of num_locations data (if known) --> | area_served = Worldwide | key_people = Sajan Kumar Bansal <small>(Managing director)</small><br>Amit Kiran Deb <small>(Chairman)</small><br>Sharan Bansal <small>(Director)</small><br>Devesh Bansal <small>(Director)</small><br>Siddharth Bansal <small>(Director)</small> | products = | production = | production_year = <!-- Year of production data (if known) --> | brands = | services = | revenue = {{Increase}}{{INR}}1711.09 Crore | revenue_year = March 2022<ref>{{cite news |title=Skipper Ltd. Profit and Loss |url=https://economictimes.indiatimes.com/skipper-ltd/profitandlose/companyid-56366.cms |publisher=The Economic Times |date=March 2022}}</ref> | operating_income = | income_year = <!-- Year of operating_income data (if known) --> | net_income = <!-- or: | profit = --> | net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) --> | aum = <!-- Only for financial-service companies --> | assets = {{INR}}1166 Crore | assets_year = 2022<ref name=fortune/> | equity = | equity_year = <!-- Year of equity data (if known) --> | owner = <!-- or: | owners = --> | members = | members_year = <!-- Year of members data (if known) --> | num_employees = 2135 | num_employees_year = 2021 | parent = SK Bansal Group | divisions = | subsid = Skipper Pipes | module = <!-- Used to embed other templates --> | ratio = <!-- Basel III ratio; used for banks only --> | rating = <!-- Credit rating; used for banks only --> | website = {{URL|https://www.skipperlimited.com/|Official website}} | footnotes = }} '''Skipper Limited''' is an Indian transmission and distribution structure manufacturing company, founded in 1981. It is headquartered in Kolkata, India. The company is a part of the SK Bansal Group, promoted by Sajan Kumar Bansal. Skipper Limited operates in the Power transmission and distribution and polymer pipes and fittings segment with presence across sub-segments such as Towers, EPC, Monopoles and Poles. It is the third largest company in India in terms of manufacturing capacity of Power T&D structures.<ref name=ndtv>{{cite news |title=Skipper Limited Sets Big Plans for PVC Pipes Business |url=https://www.ndtv.com/business/skipper-sets-big-plans-for-pvc-pipes-business-1223835 |publisher=NDTV |date=September 29, 2015}}</ref> It exports to over forty countries across South America, Europe, Africa, the Middle East, South Asia and Australia.<ref name=et>{{cite news |title=Skipper bags Rs 405 crore orders in engineering products segment |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/skipper-bags-rs-405-crore-orders-in-engineering-products-segment/articleshow/57814385.cms |publisher=The Economic Times |date=March 24, 2017}}</ref>
In 2021, the company was ranked at #61 in ''Fortune'' magazine's "Next 500" list of Indian companies.<ref name=fortune/> Skipper Limited was listed in India's Top 500 Companies 2016 and 2021 list by Dun & Bradstreet.<ref name=dnb/><ref name=Dun>{{cite news |title=India's TOP 500 Companies 2021 |url=https://www.dnb.co.in/file/publications/india-top-500-companies-2021/34/ |publisher=Dun & Bradstreet |date=2021}}</ref>
== History == The company was incorporated as Skipper Investments Limited in 1981. It was renamed Skipper Steels Limited in 1990 and diversified to manufacture Telecom Towers and High Masts. It changed its name to Skipper Limited in 2009. It set up an LPG Gas Cylinder unit in 2001, followed by establishing its first tube mill in 2003. In 2005, the company set up its first Galvanising plant. Skipper received Power grid approval for the Tower unit and got an order for 400kV towers in 2006.
In 2007, it forayed into the value addition of Steel Tubes as scaffolding. In 2009, Skipper Limited received an order for 800KV transmission tower from Power Grid Corporation of India Limited. It also commissioned a Polymer production manufacturing Unit in Uluberia, West Bengal and a double side Tube GI Plant in 2009.<ref name=dnb>{{cite news |title=India's Top 500 Companies 2016 |url=https://www.dnb.co.in/publications/indiatop500companies2016/skipperlimited.asp |publisher=Dun & Bradstreet}}</ref>
In April 2015, Skipper Limited set up a PVC manufacturing facility in Ahmedabad, Gujarat, with a capacity of 10,000 metric tonnes. The Ahmedabad plant was commissioned with an investment of {{INR}} 50 crores.<ref>{{cite news |last1=Sengupta |first1=Debjoy |title=Skipper limited sets up PVC manufacturing facility in Gujarat |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/paper-/-wood-/-glass/-plastic/-marbles/skipper-limited-sets-up-pvc-manufacturing-facility-in-gujarat/articleshow/46988281.cms?from=mdr |publisher=The Economic Times |date=April 20, 2015}}</ref> In December 2015, Skipper entered the Northeast India by commissioning its manufacturing plant in Guwahati, Assam with a capacity to manufacture 4000 MTPA of plumbing and agricultural pipes.<ref>{{cite news |last1=Allirajan |first1=A |title=Skipper commissions PVC plant in Guwahati |url=https://timesofindia.indiatimes.com/business/india-business/Skipper-commissions-PVC-plant-in-Guwahati/articleshow/50280723.cms |work=The Times of India |date=December 22, 2015}}</ref>
In January 2016, the company set up one of India's largest galvanizing plants in Uluberia, West Bengal. The plant is meant for structures that are 2.5m in diameter and 12m in length. The total galvanizing capacity of the plant is 8000 tonnes per month.<ref>{{cite news |title="Skipper installs one of India's largest galvanizing plants in WB" |url=https://www.themachinist.in/print_article/worldwidemedia/news/1640/skipper-installs-india-largest-galvanizing-plants-wb?print=true |work=The Machinist |date=January 25, 2016}}</ref> It set up a PVC products plant in Sikandrabad, Uttar Pradesh in 2016, which has a capacity of about 8,000 metric tonnes.<ref>{{cite news |last1=Rao |first1=Rakesh |title=Skipper commissions PVC products plant in Uttar Pradesh |url=https://www.business-standard.com/content/b2b-plastics-polymers/skipper-commissions-pvc-products-plant-in-uttar-pradesh-116020300501_1.html |publisher=Business Standard |date=February 3, 2016}}</ref>
In March 2017, the company invested {{INR}}70 crores and set up a new plant in Palasbari, Guwahati, which has a capacity to manufacture 30,000 tonnes of engineering products and 7000 tonnes of polymer products annually.<ref name=standard>{{cite news |title=Skipper Ltd commissions second plant in Guwahati |url=https://www.business-standard.com/content/b2b-plastics-polymers/skipper-ltd-commissions-second-plant-in-guwahati-117032900392_1.html |publisher=Business Standard |date=March 29, 2017 |location=Kolkata}}</ref>
== Operations == Skipper Limited is engaged in the power distribution and transmission infrastructure sectors. It exports its products to more than forty countries, including those in South America, Europe, Africa, the Middle East, South Asia and Southeast Asia, and Australia. It undertakes activity from angle rolling to fabrication and galvanising, proto assembly, load testing and EPC line construction.
Under the brand name Skipper Pipes, it manufactures polymer pipes and fittings that serve the agricultural and plumbing sectors.<ref>{{cite news |title=Skipper growth path |url=https://epaperarchives.telegraphindia.com/details/151843-33033265.html |publisher=The Telegraph India |date=April 19, 2015}}</ref> Skipper has 20% of its business coming from the PVC pipes segment and infrastructure projects.<ref name=businessline>{{cite news |last1=Vora |first1=Rutan |title=Skipper plans 25,000 TPA capacity addition in T&D segment |url=https://www.thehindubusinessline.com/companies/skipper-plans-25000-tpa-capacity-addition-in-tampd-segment/article7566134.ece |publisher=The Hindu Business Line |date=January 23, 2018}}</ref> Skipper Pipes has a turnover of {{INR}}330 crores in 2022, contributing to around 19 percent of Skipper's total revenues. Skipper Pipes was started in 2009–2010. The company mainly focused on the eastern and northeastern markets until 2015–2016. It slowly started covering other markets in 2017. As of 2022, it has about 120 distributors and 18,000 retailers across India.<ref>{{cite news |last1=Roy |first1=Shobha |title=Skipper Pipes looking to double revenues with newer markets |url=https://www.thehindubusinessline.com/companies/skipper-pipes-looking-to-double-revenues-with-newer-markets/article65753778.ece |publisher=The Hindu Business Line |date=August 10, 2022}}</ref>
As of 2018, Skipper Limited has three manufacturing facilities in Howrah district in West Bengal, two in Guwahati, Assam and one in Hyderabad. As of 2017, the capacity of the engineering products division is 230,000 MTPA, while the capacity of the polymer division is 48,000 MTPA.<ref name=standard/> It has 175,000 tonnes of tower-making capacity.<ref name=businessline/>
As of 2017, the cumulative production capacity of the Skipper Limited was 300000 MTPA.<ref>{{cite web|url=http://www.thehindubusinessline.com/companies/skipper-set-to-increase-pvc-pipes-capacity-by-four-times/article7101968.ece|title=Skipper set to expand PVC pipes capacity by four times|date=14 April 2015|publisher=The Hindu Business Line|accessdate=4 March 2017}}</ref><ref>{{cite web|url=http://timesofindia.indiatimes.com/city/mumbai/Skipper-Ltd-Q1-net-jumps-37-to-Rs-13-72-crore/articleshow/53599432.cms|title=Skipper Ltd Q1 net jumps 37% to Rs 13.72 crore|date=8 August 2016|work=The Times of India|accessdate=18 March 2017}}</ref><ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/skipper-to-power-up-on-infra-push-in-northeast/article9606629.ece|title=Skipper to power up on infra push in North-East|work=Business Line|date=August 8, 2018|language=en}}</ref>
== Partnership == Skipper Limited tied up with Ramboll, a Danish Engineering company as a manufacturing partner, in the year 2006.<ref name=dnb/> In 2015, it entered into a partnership with global giant Japan-based Sekisui Chemical as a technology tie-up for manufacturing CPVC Pipes in India. It partnered with the Netherlands-based Wavin Group for exclusive rights to sell the Hep2o Polybutylene push-fit plumbing systems.<ref>{{cite news |title=Skipper enters into two separate partnership with Sekisui & Wavin group |url=https://www.moneyworks4me.com/company/news/index/id/154159?PageSpeed=noscript |work=Moneyworks4me |date=June 9, 2015}}</ref>
In 2017, Skipper Limited formed a joint venture with Israel-based Metzerplas, a manufacturer of irrigation equipment.<ref>{{cite news |title=Skipper hits record high; to tie-up with Metzerplas of Israel |url=https://www.business-standard.com/article/markets/skipper-hits-record-high-to-tie-up-with-metzerplas-of-israel-117112700321_1.html |publisher=Business Standard |date=November 27, 2017 |location=Mumbai}}</ref>
== Financials == The company reported total revenue of {{INR}}1,711.09 crores in March 2022, while it had registered {{INR}}1,585.53 crores in March 2021. In the financial year 2019–20, the company recorded total revenue of {{INR}}1,392.47 crores.<ref>{{cite web |title=Skipper Ltd. |url=https://www.moneycontrol.com/financials/skipper/profit-lossVI/S21 |publisher=Moneycontrol.com |date=2022 |last1=Com |first1=Moneycontrol }}</ref>
In June 2018, the company reported a fall of 15% in net profit for the last quarter, with analysts blaming the drop on the decision to diversify into PVC pipes.<ref>{{cite news |last1=Nathan |first1=Narendra |title=Stock pick of the week: Why analysts are bullish on Skipper shares |url=https://economictimes.indiatimes.com/wealth/invest/stock-pick-of-the-week-why-analysts-are-bullish-on-skipper-shares/articleshow/64425358.cms |publisher=The Economic Times |date=Jun 4, 2018}}</ref>
In the financial year 2016, the segment-wise revenue performance of the company was {{INR}}13,260 million for engineering products, {{INR}}1,525 million for polymer products and {{INR}}277 million for infrastructure projects.<ref name="indiatimes.com">{{cite web|url=http://timesofindia.indiatimes.com/city/kolkata/Skipper-aims-at-triple-turnover-in-4-years/articleshow/46694081.cms|title=Skipper aims at triple turnover in 4 years|work=The Times of India|date=March 16, 2015}}</ref>
It registered a 232 per cent annual growth in its net profit at {{INR}}89 crores for the fiscal year 2015. The company's revenue grew by 26 per cent during the same period to ₹ 1,313 crores.<ref name=ndtv/> The power T&D business contributed 80 per cent share in the company's overall Rs 1,450 crore revenues for the financial year 2014–15.<ref name=businessline/> In 2013–14, it reported revenue of {{INR}}1,165 crore.<ref>{{cite news |title=Skipper Ltd to export more transmission towers |url=https://www.thehindubusinessline.com/companies/skipper-ltd-to-export-more-transmission-towers/article7032244.ece |publisher=The Hindu Business Line |date=25 March 2015 |location=Kolkata}}</ref>
== IPO == In 2015, Skipper Limited was listed at Bombay Stock Exchange with a market capitalization of over {{INR}}15, 000 million (as of March 2015 ending). In 2016, it was listed in the National Stock Exchange of India with a capital of {{INR}}13,634 million (as of 31 March 2016).<ref>{{cite web |url=http://www.finalaya.com:8000/Documents/AnnouncementAttachments/01022016/8648C560_4DA3_4E5F_B5F7_DCB7F3B30448_151257.pdf |title= Announcement|publisher=Finalaya |access-date=2021-04-26}}</ref><ref>{{cite web|url=http://www.bseindia.com/stock-share-price/stockreach_corpinfo.aspx?scripcode=538562&expandable=8|title=Skipper Ltd|work=Bseindia.com|accessdate=4 March 2017}}</ref><ref>{{cite news |last1=Sengupta |first1=Debjoy |title=Skipper Ltd lists at National Stock Exchange |url=https://economictimes.indiatimes.com/markets/stocks/news/skipper-ltd-lists-at-national-stock-exchange/articleshow/47444030.cms?from=mdr |publisher=The Economic Times |date=May 27, 2015}}</ref>
== Awards and recognition == In December 2015, Skipper Limited won CBIP Award for the Best Industry in Water Resource Sector for manufacturing Plastic Piping Systems from the Central Board of Irrigation and Power, Ministry of Water Resources, River Development & Ganga Rejuvenation and the Government of India. The award was presented by Uma Bharti, the Union Minister.<ref name=Indiainfo/> The company received the Star Performer award at the 48th EEPC India National Export Awards 2015 by the Engineering Exports Promotion Council.<ref name=eepc/>
Skipper Limited has been listed as a ''Fortune'' Next 500 company for the year 2020, 2021 and 2022. In 2022, it was ranked #61 on Fortune Next 500 list under the iron and steel category, by ''Fortune India''.<ref name=fortune>{{cite news |title=Fortune India The Next 500 |url=https://www.fortuneindia.com/next-500/company/skipper?year=2022 |publisher=Fortune India |date=2022}}</ref>
{| class="wikitable" |- ! Year !! Name !! Awarding organisation !! Result |- |2015 | CNBC Award for the Fastest Growing Transmission Tower Manufacturing Company | ''CNBC'' <ref name=dnb>{{cite news |title=India's Top 500 Companies 2016 |url=https://www.dnb.co.in/publications/indiatop500companies2016/skipperlimited.asp |publisher=Dun & Bradstreet}}</ref> | {{Won}} |- |2015 |CBIP Award for the Best Industry in Water Resource Sector |Central Board of Irrigation and Power, Ministry of Water Resources, River Development and Ganga Rejuvenation<ref name=Indiainfo>{{cite news |title=Skipper Limited ends 2015 with Best Industry Accolade |url=https://www.indiainfoline.com/article-amp/news-business/skipper-limited-ends-2015-with-best-industry-accolade-115123100233_1.html |publisher=India Infoline |date=December 31, 2015}}</ref> | {{Won}} |- |2015–2016 |Star Performer Award Product Group – Other fabricated metal products excl machinery and equipment, Large Enterprise |Engineering Exports Promotion Council<br>Ministry of Commerce and Industry<ref name=eepc>{{Cite web|url=https://www.eepcindia.org/award-winners.aspx?id=A161201145018&ms=13&page=48th-EEPC-INDIA-National-Export-Awards|title=EEPC INDIA|website=eepcindia.org|date=August 6, 2018}}</ref> | {{Won}} |- | 2016|| Most Ethical Company - Engineering & Design || World CSR Day Asian Confederation of Businesses, World Federation of CSR and World Sustainability <ref>{{cite web|url=https://equitybulls.com/category.php?id=196683|title=Skipper Limited awarded "Most Ethical Company - Engineering & Design"|work=Equity Bulls|date=November 26, 2016}}</ref> | {{Won}} |- | 2016|| Largest Tower Supplier Award || Power Grid Corporation of India Limited<ref>{{cite news |title=Skipper Ltd awarded as 'Largest Supplier - Towers' by Power Grid |url=https://equitybulls.com/category.php?page=1&id=229796 |publisher=Equity Bulls |date=May 28, 2018}}</ref> | {{Won}} |- | 2017 || Emerging EPC Player in Power Transmission || ''EPC World''<ref>{{cite web|url=http://www.thehindubusinessline.com/companies/announcements/others/skipper-limited-awarded-emerging-epc-player-in-power-transmission/article9490590.ece|title=Skipper Limited awarded Emerging EPC Player in Power Transmission|date=19 January 2017|publisher=The Hindu Business Line}}</ref> | {{Won}} |- | 2017|| Global HR Excellence Award for Continuous HR Innovation for Business Excellence|| World HRD Congress <ref>{{cite news |title=Global HR Excellence Awards |url=https://www.worldhrdcongress.com/HRD/Global-HR-excellence-awards2017.html |publisher=World HRD Congress |date=2017}}</ref> | {{Won}} |- | 2016–2017 || The Emerging No.1 Brand of the Year || WCRC<ref>{{cite news |title=Premium Pipes |url=https://www.constructionworld.in/gold/energy-infrastructure/power-and-renewable-energy/premium-pipes/16642 |publisher=ConstructionWorld |date=February 1, 2017}}</ref> | {{Won}} |- | 2018 || Dream Companies To Work For - Manufacturing Sector, Ranked #33|| ''ET Now''<ref name=dream>{{cite news |title=Award Winners - Dream Companies to Work for |url=http://dreamcompaniestoworkfor.org/award_winners.html |date=February 16, 2019}}</ref> | {{Won}} |- | 2019 || Dream Companies To Work For - Manufacturing Sector, Ranked #15|| ''ET Now''<ref name=dream/> | {{Won}} |- | 2021 || Dream Company to Work for|| National Feather Awards, ''The Economic Times''<ref>{{cite web |title=National Feathers Awards 2021 Winners |url=https://feathertouchs.com/wp-content/uploads/2021/06/All-in-One-Award-Winners-National-Feather-Awards.pdf |date=April 29, 2021}}</ref> | {{Won}} |}
== References == {{reflist}}
Category:Manufacturing companies based in Kolkata Category:Manufacturing companies established in 1981 Category:Indian brands Category:1981 establishments in West Bengal Category:Indian companies established in 1981 Category:Companies listed on the Bombay Stock Exchange Category:Companies listed on the National Stock Exchange of India