SKS Technologies Group Ltd (ASX: SKS) is an Australian technology and infrastructure services company that designs, supplies, installs, and supports converged electrical, audiovisual (AV), IT, and communications networking systems across multiple sectors.
It provides audiovisual products and solutions and electrical and communications cabling for the commercial, retail, health, defence, and education market.
The SKS stock price has been relatively flat in 2025, rising just 0.83%. However it remains up more than 100% over the last 12 months.
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Casting a wide net
Defensive stocks have been a hot topic this year amidst global conflict and political uncertainty.
It's understandable to see investors push their chips towards mature, dividend-paying companies that tend to post consistent profits regardless of the state of the broader economy.
While SKS Technologies is a growth-oriented small-cap stock, not a defensive one, I see its robust and diverse portfolio of projects as a safety net.
The company hasn't cornered itself to providing solutions for one niche, but rather has contracts and broad market exposure to industries such as:
- Data Centres – SKS has won major contracts (e.g.$100m deal) in this booming sector, driven by the growth of AI, cloud computing, and digital infrastructure.
- Defence & Government – These sectors are backed by long-term public funding, offering greater stability and counter-cyclical spending.
- Healthcare & Education – SKS delivers mission-critical infrastructure to hospitals such as The Royal Melbourne Hospital and universities – both sectors with sustained investment pipelines.
- Banking and Finance – SKS supports financial institutions such as CBA and Westpac with secure communications, audiovisual, and network infrastructure. This provides access to a sector with high compliance needs and consistent IT spending.
This variety provides a hedge against downturns in any one sector, gives access to repeat revenue streams, and positions SKS as a go-to tech infrastructure partner across Australia's major industries.
What are brokers saying?
Despite strong growth across the last year, it seems brokers still see upside in this growth stock.
Bell Potter has a "buy" recommendation and target price of $2.30, indicating there is still plenty of upside. From its current share price of $1.82, this indicates the potential for more than 26% growth.
Online brokerage platform Selfwealth has an average share price target of $2.30. Tradingview also has a 12 month price target of $2.30.
