Skytech Infinite PlatformShare price, financial results, shareholding and management
- Market cap
- ₹30 cr
- Stock P/E
- 7.1peers 28.8
- Book value
- ₹19.4
- Price to book
- 1.56
- EV / operating profit
- -
- Market cap to sales
- 0.58
- ROCE · FY26
- 27.0%
- ROE · FY26
- 24.8%
- ROE, 3-year average
- 22.1%
- Operating margin · FY26
- 12.9%peers 19.3%
- Sales growth, 3 years
- 13.7%
- Profit growth, 3 years
- 39.1%
- Debt to equity
- 0.49peers 0.25
- Borrowings
- ₹9.3 cr
- Interest cover
- 9.6×
- Cash from business / op. profit
- -25%
- Debtor days
- 196
- Pledged
- 0.00%
- Promoter holding
- 70.01%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 683
- High / low since listing
- ₹74 / ₹23
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Skytech Infinite Platform share price chart
Close on 6 Nov 2026 · -1.94% on the day · Vol 9,600
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -20.7%
- Since IPO
- -60.7%
- Traded a day, 20 days
- ₹0.12 cr
- Taken for delivery
- 87%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +14% | +13% |
| 3 years, a year | +14% | +39% |
About Skytech Infinite Platform: business, products and customers
Skytech Infinite Platform designs, builds and installs electrical control panels that run motors, pumps and machines in factories, water schemes and power plants. It is based in Bangalore and its shares trade on NSE Emerge.
Skytech Infinite Platform was set up in Bangalore in 2009 and became a public company in 2024. It assembles control panels from bought components such as programmable logic controllers, motor starters, drives and switchgear, wires and tests them at a leased factory in Lingarajapuram, and then installs and commissions them at the customer's site. Most of its money comes from turnkey projects that include design, supply and commissioning; the rest comes from reselling automation products such as controllers, drives and display screens, and from yearly maintenance contracts.
The business model shapes the numbers in three ways. Bought components are most of the cost, so the company keeps only the value of its design, assembly and commissioning, and the margin moves with what it pays suppliers: profit jumped in FY25 when it moved its display screen purchases from Emerson to Mitsubishi Electric and bad debts fell. Resold products earn a thinner gross margin than its own panels. And project customers pay in stages after approvals, so receivables grew much faster than sales and operating cash went negative in FY26.
Read more about the business
Customers range from private plants and contractors to water and power bodies; government work, won by tender, was a small part of FY26 sales after a bigger FY25. It is an authorised channel partner of Mitsubishi Electric India, distributor for Endress+Hauser India and system integrator for Exor India in the south. The offer document names no competitors: it says the company faces organised and unorganised panel makers and large engineering and automation contractors with more resources.
What is new: since listing in August 2026 it has announced five orders, among them panels for an effluent plant at the Renew Topcon project in Gujarat, automation for three Karnataka village water schemes, and work for Vikram Solar and MTAR Technologies through contractors. In September 2026 the board approved a second, larger factory on lease at Nelamangala, near Bangalore.
From the offer document (red herring prospectus, 2026) and the company's exchange announcements of 7, 10, 22, 24, 25 and 28 September 2026.
Read the deeper study ↓In its favour
- It earns a high return on the money it uses: ROCE 27% in FY26.
- The promoters own a large part of the company: 70.01%.
To watch
- The second factory at Nelamangala, leased from 1 November 2026, with capacity due in the third quarter of FY27 (Exchange announcement, 24 September 2026).
- Delivery of the five orders announced in September 2026, the largest for the Renew Topcon project in Gujarat due in about ten weeks (Exchange announcement, 10 September 2026).
- Receivables against the stated 120 day norm once issue money for working capital is used in FY27 (Offer document, p.84 and p.87).
- Customers take longer to pay than before: 196 days in FY26, against 118 in FY23.
- Its borrowings rose a lot last year: ₹9.3 cr, from ₹5.4 cr.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Skytech Infinite Platform revenue and profit growth
Half-yearly results · Profit and lossSales have grown steadily. Last year profit grew roughly in step with sales.
Skytech Infinite Platform profit and loss
Full years to March, FY23 to FY26 · ₹ crore, consolidated where reported
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Sales | 35.13 | 44.13 | 45.14 | 51.65 |
| Expenses | 32 | 41.04 | 39 | 45.01 |
| Operating profit | 3.13 | 3.09 | 6.14 | 6.64 |
| OPM | 8.9% | 7.0% | 13.6% | 12.9% |
| Other income | 0.02 | 0.02 | 0.06 | 0.50 |
| Interest | 0.56 | 0.59 | 0.68 | 0.68 |
| Depreciation | 0.49 | 0.48 | 0.43 | 0.60 |
| Profit before tax | 2.10 | 2.04 | 5.09 | 5.86 |
| Tax rate | 25.7% | 33.8% | 27.1% | 28.3% |
| Net profit | 1.56 | 1.35 | 3.71 | 4.20 |
| EPS ₹ | 24.96 | 21.60 | 5.40 | 6.11 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Skytech Infinite Platform profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Operating margin | 8.9% | 7.0% | 13.6% | 12.9% |
| Tax rate | 25.7% | 33.8% | 27.1% | 28.3% |
| ROCE | · | 17.2% | 32.8% | 27.0% |
| ROE | · | 12.9% | 28.6% | 24.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Skytech Infinite Platform debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Skytech Infinite Platform balance sheet
At each 31 March · ₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Equity capital | 0.63 | 0.63 | 6.88 | 6.88 |
| Reserves | 9.18 | 10.48 | 7.94 | 12.14 |
| Net worth | 9.81 | 11.11 | 14.82 | 19.02 |
| Borrowings | 5.79 | 3.90 | 5.39 | 9.25 |
| Other liabilities | 12.06 | 10.99 | 9.84 | 19.30 |
| Total liabilities | 27.66 | 26 | 30.05 | 47.57 |
| Fixed assets | 6.71 | 6.20 | 5.79 | 6.29 |
| Capital work in progress | 0 | 0 | 0 | 0 |
| Investments | 0.23 | 0.17 | 0.63 | 0.10 |
| Other assets | 20.72 | 19.63 | 23.63 | 41.18 |
Skytech Infinite Platform cash flow
₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | 6.17 | 3.02 | 0.81 | -1.66 |
| Cash from investing | -5.76 | 0.07 | -0.43 | -0.07 |
| Cash from financing | -0.39 | -2.48 | 0.82 | 3.18 |
| Net cash flow | 0.02 | 0.61 | 1.20 | 1.45 |
Working capital
Days
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Debtor days | 118 | 89 | 129 | 196 |
| Inventory days | 114 | 74 | 56 | 91 |
| Days payable | 134 | 98 | 89 | 155 |
| Cash conversion cycle | 98 | 65 | 95 | 132 |
| Working capital days | 71 | 57 | 71 | 88 |
Skytech Infinite Platform peers and competitors
Listed SME companies in the same industryBy sales, Skytech Infinite Platform is number 37 of the 55 listed SME companies in industrial manufacturing.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Admach Systems | 337 | 33.7 | 69 | 10 | 19.0% | 0.00 |
| HRS Aluglaze | 498 | 49.8 | 68 | 10 | 27.0% | 0.52 |
| Global Pet Industries | 193 | 36.4 | 55.6 | 5.3 | 9.6% | 0.00 |
| Skytech Infinite Platform | 30 | 7.1 | 51.7 | 4.2 | 12.9% | 0.49 |
| Roopa Screen | 118 | 18.2 | 50.7 | 6.5 | 19.9% | 0.45 |
| Sunita Tools | 772 | 124.8 | 46.9 | 6.2 | 20.3% | 0.61 |
| Vruddhi Engineering Works | 39 | 12.7 | 43 | 3.1 | 13.0% | 0.55 |
| Cryogenic Ogs | 605 | 60.5 | 41 | 10 | 28.0% | 0.00 |
| Presstonic Engineering | 62 | 23.8 | 40.5 | 2.6 | 17.7% | 0.31 |
| Faalcon Concepts | 38 | 11.2 | 33.9 | 3.4 | 19.5% | 0.19 |
| Emkay Taps and Cutting Tools | 102 | 12.6 | 32.6 | 8.1 | -7.3% | 0.00 |
| Median of the 10 others | 156 | 28.8 | 44.9 | 6.3 | 19.3% | 0.25 |
Skytech Infinite Platform shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Skytech Infinite Platform shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Aug 26 | Sep 26 | |
|---|---|---|
| Promoters | 70.01% | 70.01% |
| Foreign investors (FIIs) | 0.29% | - |
| HNIs (over ₹2 lakh each) | 0.98% | 2.93% |
| Small holders (up to ₹2 lakh) | 25.14% | 23.25% |
| Companies and others | 3.58% | 3.81% |
| Number of shareholders | 701 | 683 |
The named holders are at 30 Sept 2026, beside 20 Aug 2026, each under the group the pattern files them in.
Skytech Infinite Platform study: the business from its own documents
Read from 1 of the company's own documentsSkytech Infinite Platform so far
From the company's own record
- 21 Aug 2026Listed on NSE Emerge at ₹77
- 22 Sept 2026An order announced
- 25 Sept 2026An order announced
- 28 Sept 2026An order announced
- 30 Sept 2026Promoters at 70.01%
- 21 Aug 2026Highest close since listing, ₹66.96
Skytech Infinite Platform key facts from the filings
Each figure with the document it comes from
- Project work
- 79.9%
- Share of FY26 revenue from turnkey projects; resold products gave 14.9% and maintenance contracts 5.2%.Offer document, p.130
- Karnataka
- 75.39%
- Share of FY26 revenue from one state, up from 58.34% two years earlier; exports were tiny.Offer document, p.137
- Repeat customers
- 83.91%
- Share of FY26 revenue from existing customers, out of 268 customers served that year.Offer document, p.135
- Top ten customers
- 47.23%
- Share of FY26 revenue, down from 64.99% in FY25; the largest single customer gave 10.17%.Offer document, p.138
- Receivables
- ₹27.7 cr
- Money owed by customers at March 2026, up from ₹15.9 cr a year earlier, against a stated normal collection period of 120 days.Offer document, p.37 and p.87
Show 5 more facts
- Orders since listing
- ₹11.4 cr
- Five orders announced in September 2026, each due within about two to six months.Exchange announcements, 7 to 28 September 2026; our arithmetic
- New factory
- 16,050 sq ft
- Built-up area of the leased Nelamangala site, rent ₹3.6 lakh a month from November 2026, paid from internal accruals.Exchange announcement, 24 September 2026, p.1 and p.2
- Government share
- 5.09%
- Share of FY26 revenue from government customers, down from 21.37% in FY25.Offer document, p.138
- People
- 85
- Employees including directors at June 2026, with about one person leaving each year.Offer document, p.142 and p.143
- IPO money
- ₹16.8 cr
- Upper limit of issue proceeds set aside for working capital over FY27 and FY28.Offer document, p.84
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company has not given guidance on sales or profit, and it does not disclose an order book. What it has said is dated: the board approved a second factory at Nelamangala, near Bangalore, on a five year lease from 1 November 2026, with the added capacity due in the third quarter of FY27 and paid from internal accruals, citing growing demand for its products. The five orders announced in September 2026 are each due within about two to six months. The offer document says issue money for working capital is to be used in FY27 and FY28.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
The company earns its money from designing, assembling and commissioning control panels built from other makers' parts, mostly for repeat customers in Karnataka.
Its weak spots are slow-paying customers, which tie up a lot of cash, and its reliance on one state.
AverageCan it set its own prices?Margins improved through cheaper sourcing and fewer bad debts rather than higher prices, and government work is won by open tender.
AverageHow strong is it against rivals?It has a long record, low staff turnover and authorisations from Mitsubishi Electric, Endress+Hauser and Exor, but it is small and faces many rivals.
WatchWho are its customers?Many customers and most of them come back, but three quarters of sales come from one state.
WatchDoes it need a lot of money?Little money goes into machines, but a great deal is tied up in unpaid customer bills and stock.
AverageCan it keep finding new work?Repeat customers bring most of the work and new orders have come in since listing, but there is no order book to show how far ahead work is filled.
AverageDo good and bad years swing a lot?Sales have grown each year, but profit margins have moved a lot with sourcing costs and bad debts, and order sizes vary from year to year.
Who runs Skytech Infinite Platform?
Promoters, directors and officers; tap a name for the background
PDParamashivam DeiveekanPromoter and Managing Director · holds 28.00%
Diploma in Electrical Engineering from Government Polytechnic Chanapatna, Karnataka, with nearly 30 years in control, instrumentation and automation. On the board since the company began in 2009 and Managing Director since April 2021; runs day-to-day management. The offer document records Paramashivam Deiveekan as the spouse of Suma Deiveekan.
Offer document, p.164, p.167 and p.181SDSuma DeiveekanPromoter and Executive Director · holds 42.00%
B.Sc. in physics, chemistry and mathematics from Vijaya College, Bangalore University, with more than 20 years in structural analysis and engineering. On the board since 2009 and responsible for running the whole organisation.
Offer document, p.165, p.167 and p.182RBRamaprasad Bellur KumarNon-Executive Director
MBA, commerce graduate and qualified company secretary, with about 18 years in technology operations, IT governance and information security; on the board since September 2025.
Offer document, p.165 and p.167VVVenumuddala Vivek ReddyIndependent Director
B.Tech in civil engineering from IIT Madras with an MBA in project management, and about 15 years in the engineering industry; chairs the audit committee.
Offer document, p.166 and p.167RVRaghu Vamsi AlampalliIndependent Director
Chartered accountant with over 8 years in fund accounting, credit analysis and statutory compliance; on the board since February 2025.
Offer document, p.166 and p.167BKBinil Kurikilamkattu ScariaChief Financial Officer
Master of Commerce from Kannur University; joined the company in 2006 as an accounts executive and became Chief Financial Officer in February 2025, with about 20 years in accounts and tax.
Offer document, p.176HKHarish Kumar SreekantanCompany Secretary and Compliance Officer
Qualified company secretary with more than 15 years of experience, earlier at Nitesh Estates, Auroch Investment Managers and Shriram Properties.
Offer document, p.176Skytech Infinite Platform latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- Shareholding, 30 Sept 2026: promoters unchanged at 70.01%.
- 28 Sept 2026: an order announced.
- 25 Sept 2026: an order announced.
Skytech Infinite Platform announcements
16 on record, latest first; each opens the filing on the exchange
- Quarterly Compliance Report on Corporate governance - within 21 days from the enSkytech Infinite Platform Limited has informed regarding Non-Applicability of Regulations 24A, 27(2) and Other Provisions pursuant to Regulation 15(2)(b) of thePDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026PDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Awarding of order(s)/contract(s)From an Intermittent Contractor for Supply, Erection & Commissioning of PLC Panels, Scada System & Laying of Cable, Cable Trays and Termination for BWSSB (BangPDF ↗
- Bagging/Receiving of orders/contractsFrom M/s Gradiant India Private Limited (Intermittent Contractor) for Supply, Detailed Engineering and Commissioning of Redundant PLC Control System for EffluenPDF ↗
- Capacity additionSetting up an additional manufacturing facility (factory) and Execution of Lease AgreementPDF ↗
- Bagging/Receiving of orders/contracts"Skytech has received a Purchase Order, from an Intermittent Contractor for Design, Supply, Erection & Commissiong of Automation Systems (PLC Panels), for 3 vilPDF ↗
- Bagging/Receiving of orders/contractsReceiving of orders for Supply, Erection & Commissioning of MCC, APFC & VFD, for the Renew Topcon Project Gujarat, Dholera - Site. Order value of Rs. 4,65,00,0PDF ↗
- Updates''.Reply to the clarification sought regarding Movement in Price"PDF ↗
- Price movementSignificant movement in price has been observed in Skytech Infinite Platform Limited. The Exchange, in order to ensure that investors have latest relevant inforPDF ↗
- Bagging/Receiving of orders/contractsBagging/Receiving of orders/contractsPDF ↗
Skytech Infinite Platform annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Skytech Infinite Platform share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Skytech Infinite Platform's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (98,20,600 shares).
- !The FY26 results imply 68,80,000 shares at face value ₹10, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- !Earnings per share changes basis between FY24 (₹21.60) and FY25 (₹5.40) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY23 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Skytech Infinite Platform
What does Skytech Infinite Platform do?
Skytech Infinite Platform designs, builds and installs electrical control panels that run motors, pumps and machines in factories, water schemes and power plants. It is based in Bangalore and its shares trade on NSE Emerge.
What is the share price of Skytech Infinite Platform?
₹30.3 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Skytech Infinite Platform?
₹30 cr at the close on 6 Nov 2026, on 98,20,600 shares.
What is the P/E of Skytech Infinite Platform?
7.1 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Skytech Infinite Platform's revenue and profit?
Revenue ₹52 cr and profit after tax ₹4 cr in FY26.
Who are the promoters of Skytech Infinite Platform?
Paramashivam Deiveekan, Suma Deiveekan; promoters held 70.01% at 30 Sept 2026.
What was the IPO price of Skytech Infinite Platform?
₹77 a share; it listed on 21 Aug 2026.
More SME companies like Skytech Infinite Platform
Other listed SME companies in industrial manufacturing, the closest in size first, each read from its own documents.
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- Misquita EngineeringMISQUITA · BSE SME · Industrial ManufacturingMarket cap ₹36 cr
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Every listed SME company in Industrial Manufacturing → · SME companies listed in 2026 →
Built from 1 offer document, 16 exchange announcements, 2 shareholding patterns and 4 years of reported results. Every figure carries its source; where the documents are silent, the page says so.