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Acuite reaffirms long term Instruments rating of Skipper

08 Dec 2020 Evaluate

Credit rating agency -- Acuite has reaffirmed Skipper’s long-term Instruments/ Bank Facilities rating at A-/stable and the company’s short term Instruments/ Bank Facilities rating at ‘A2+’. The ratings continue to reflect the company's long operational track record, strong business risk profile with a reputed clientele apart from the healthy financial risk profile.

Skipper is engaged in structural fabrication and manufacturing of mild steel and galvanized iron pipes, steel tubular poles, scaffolding and accessories and PVC pipes. Structural fabrication is the major contributor to the revenue of the company.

Peers
Company Name CMP
Bharat Heavy Elect. 448.45
Thermax 3237.00
Kirloskar Industries 3544.55
Skipper 543.35
INDO-MIM 1361.20
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