SKIL Infrastructure Ltd (SKIL)
🎯 Key Takeaways
- SKIL Infrastructure Ltd is currently undergoing corporate insolvency resolution under NCLT Mumbai since February 1, 2024, with no confirmed resolution plan as of August 2026. The company remains under the supervision of its tenth Committee of Creditors, which is actively evaluating restructuring options.
- ⚠️ 1) Prolonged insolvency resolution with no confirmed plan increases uncertainty about the company's survival as a going concern. 2) Asset base has col
📖 The Story
SKIL Infrastructure Ltd is currently undergoing corporate insolvency resolution under NCLT Mumbai since February 1, 2024, with no confirmed resolution plan as of August 2026. The company remains under the supervision of its tenth Committee of Creditors, which is actively evaluating restructuring options. Operations appear to be effectively suspended, with zero revenue and minimal financial activity in recent quarters.
📰 What's Happening
Management has been focused on navigating the insolvency process, with recent updates limited to procedural disclosures about Committee of Creditors meetings. The ninth and tenth CoC meetings were scheduled and held virtually in August 2026, but no resolution plan or restructuring agreement was announced. The company has not disclosed any new business initiatives, capital raises, or operational resumptions. Shareholding patterns show no significant changes in FII or DII stakes, indicating limited institutional interest or confidence in a near-term recovery.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Dec 2023 | Mar 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Operating Profit | -1 | -0 | -0 | -0 |
| OPM % | — | — | — | — |
| Net Profit | -4 | -4 | -0 | -0 |
| EPS | ₹-0.21 | ₹0.19 | ₹0.00 | ₹0.21 |
The company has reported zero revenue and negligible operating performance across all recent quarters, with losses narrowing slightly in March 2025 compared to December 2023, but still deeply negative. Despite asset base contraction from ₹3,199 crore to ₹150 crore, there has been no meaningful improvement in cash flow generation or profitability. The lack of revenue recovery suggests the business has not been reactivated, and financial distress remains unresolved.
🔮 Management Outlook & What's Next
Management has not provided any forward-looking guidance or operational targets in recent filings. There is no public communication regarding timelines for resolution, expected timelines for asset sales, or plans to restart projects. The absence of strategic commentary reflects the passive nature of current management under insolvency supervision, with decisions now largely driven by creditors and the Resolution Professional.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2023 | Mar 2024 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Equity Capital | 217 | 217 | 217 | 217 |
| Reserves | -36 | -19 | -23 | -2,623 |
| Borrowings | 1,981 | 1,956 | 1,952 | 1,668 |
| Total Liabilities | 3,195 | 3,195 | 3,199 | 150 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 3,184 | 3,184 | 3,188 | 15 |
| Total Assets | 3,195 | 3,195 | 3,199 | 150 |
The balance sheet shows a significant contraction in total assets from ₹3,199 crore to ₹150 crore, with equity remaining flat at ₹217 crore but reserves deeply negative due to accumulated losses. Borrowings remain high at ₹1,668 crore, indicating continued liability burden despite asset sales or write-downs. The company appears to be in a phase of asset run-off rather than reinvestment, with little evidence of capital reallocation or deleveraging progress.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2023 |
|---|---|
| Operating | -188 |
| Investing | +666 |
| Financing | -478 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q3FY23 | Q4FY23 | Q1FY24 | Q2FY24 |
|---|---|---|---|---|
| Promoters | 52.8% | 52.8% | 52.8% | 52.8% |
| FII | 0.1% | 0.1% | 0.1% | 6.7% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 25.6% | 25.6% | 25.6% | 25.6% |
| # Shareholders | 8,749 | 8,749 | 8,546 | 8,564 |
Promoter holding remains stable at 52.8%, but FII ownership has dropped sharply from 6.66% in Q2FY24 to 0.05% in Q1FY24, with no recovery since. DII and public holdings are unchanged. The near-zero institutional interest suggests declining investor confidence, and the lack of new investor engagement may reflect skepticism about the insolvency process outcome or recovery prospects.
⚖️ Peer Comparison — Construction
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| MANINFRA | 4,944 | 22.8 | 13.0% | 9.5% | 0.03 |
| PSPPROJECT | 3,482 | 47.4 | 9.1% | 5.8% | 0.25 |
| MBEL | 1,534 | 15.8 | 29.0% | 31.5% | 0.61 |
| 508929 | 1,271 | — | 1.4% | -12.9% | 2.38 |
| BLKASHYAP | 1,258 | 2790.0 | 8.4% | 0.1% | 0.60 |
| BLAL | 694 | 303.1 | 88.2% | 204.1% | 0.00 |
| CCCL | 650 | — | 0.8% | -2.2% | 0.00 |
| 511634 | 600 | — | — | — | -1.28 |
| 544656 | 491 | — | — | — | 1.92 |
| HILINFRA | 320 | 12.0 | 22.5% | 22.8% | 0.64 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Prolonged insolvency resolution with no confirmed plan increases uncertainty about the company's survival as a going concern. 2) Asset base has collapsed from over ₹3,000 crore to just ₹150 crore, raising concerns about the value recoverable from remaining holdings. 3) Persistent negative ROE and ROCE, coupled with zero revenue, indicate the business model is currently non-viable without restructuring. 4) High promoter pledging or potential stake dilution risks exist if resolution involves capital restructuring.
📋 Recent Filings
-
🔴 Announcement 26 August 2026SKIL Infrastructure Limited, under corporate insolvency resolution with NCLT Mumbai since February 1, 2024, notified the tenth Committee of Creditors ...
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🔴 Announcement 24 August 2026SKIL Infrastructure Limited, currently under Corporate Insolvency Resolution Process, announced that its Tenth Committee of Creditors meeting will be ...
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🔴 Announcement 12 August 2026SKIL Infrastructure Limited disclosed the outcome of its ninth Committee of Creditors meeting held on August 12, 2026, confirming the continuation of ...
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🔴 Announcement 10 August 2026SKIL Infrastructure Limited, currently under Corporate Insolvency Resolution Process (CIRP) approved by the NCLT on February 1, 2024, has scheduled it...
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🟡 Board Meeting 30 July 2026SKIL Infrastructure Limited, under Corporate Insolvency Resolution Process since February 2024, disclosed its audited financial results for the year e...
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🟡 Shareholding Pattern 29 July 2026SKIL Infrastructure Limited disclosed that it remains under Corporate Insolvency Resolution Process since February 1, 2024, following an NCLT order. T...
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🔴 Announcement 24 July 2026SKIL Infrastructure Limited disclosed that its Eighth Committee of Creditors meeting was held on July 24, 2026, via virtual mode, after a reschedule f...
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🔴 Announcement 23 July 2026SKIL Infrastructure Limited, under corporate insolvency resolution with NCLT Mumbai since February 1, 2024, will hold its eighth Committee of Creditor...
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🔴 Announcement 2 July 2026SKIL Infrastructure Limited disclosed that its seventh Committee of Creditors meeting under the Corporate Insolvency Resolution Process was held on Ju...
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🔴 Announcement 2 June 2026SKIL Infrastructure Limited, under corporate insolvency resolution with NCLT Mumbai since February 1, 2024, has scheduled its sixth Committee of Credi...
🧠 Analyst's Read
The company remains in a high-risk, stalled state with no clear path to operational or financial recovery visible to date. Investors should monitor creditor decisions and any future asset monetization or restructuring announcements, but expect continued volatility and limited upside until a resolution plan is confirmed.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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