Skipper - Riding On The T&D Capex Wave; Axis Securities Initiates Coverage With A 'Buy' Rating

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..Axis Securities Report.We initiate coverage of Skipper Ltd. with a Buy recommendation and a target price of Rs 600/share, implying an upside potential of 44% from the current market price. .Skipper is India’s largest and the world’s only integrated transmission and distribution company present across the entire transmission chain. The company has its own structure rolling, manufacturing, tower load testing station, and transmission line EPC. Its capability to execute high-voltage power transmission projects gives it a distinct competitive edge over peers..It currently has ~10%-15% market share in high-voltage transmission lines. Skipper is also a leading brand in the polymer sector in India (pipes and fittings) with a capacity of 62,000 mtpa. It also manufactures telecom towers and railway structures.The company operates through three segments - Engineering (68% of FY24 Revenue), Infrastructure (18%) and Polymer (14%). National Electricity Plan has projected a total capex of Rs 4.75 Tr crore during the period 2022-27 for laying out an additional transmission system (of 220 kV+) in the country to meet the rising power demand as well as to evacuate power from the growing RE capacity.Skipper is well-positioned to cater to this growing T&D investment. To cater to the soaring T&D infrastructure demand, Skipper targets to double its capacity from the current 3 lakh tonnes to 6 lakh tonnes over the next four-five years with a total capex of ~Rs 800 crore..Click on the attachment to read the full report:.Manba Finance IPO - Issue Details, Financials, Strengths, Risks, Peer Comparison, Valuation: Anand Rathi.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 - Riding On The T&D Capex Wave; Axis Securities Initiates Coverage With A 'Buy' Rating

The brokerage has set the target price of Rs 600/share, implying an upside potential of 44% from the current market price.

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Skipper - Riding On The T&D Capex Wave; Axis Securities Initiates Coverage With A 'Buy' Rating

The brokerage has set the target price of Rs 600/share, implying an upside potential of 44% from the current market price.

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