Rajesh Power Services Ltd

Rajesh Power Services Ltd

₹ 1,360 -0.23%
23 May 11:17 a.m.
About

Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies, private utilities, and industries.[1]

Key Points

Business Profile[1] Rajesh Power Services Limited (RPSL) operates in the power infrastructure sector, specializing in renewable and non-renewable energy services.

Business Model[1]
- Provides EPC (Engineering, Procurement, and Construction) services for renewable and non-renewable power projects.
- Focus on government and private sector clients, especially in the transmission and distribution utilities domain.

Services[2]
1. Turnkey Projects:
- Installation of EHV (Extra High Voltage) cables and transmission lines.
- Construction of EHV and GIS substations.
- Design and implementation of underground power distribution systems.
- Solar plant setup and operations.

  1. Operations & Maintenance:
  2. Maintenance of solar plants, EHV substations, and power distribution systems.
  3. 24/7 technical support to ensure uninterrupted power supply.

  4. Utility Services:

  5. Fault detection and restoration for underground cables.
  6. Cable laying, switchyard installations, and transformer replacements.

  7. Consultancy Services:

  8. Designing EHV substations and cable systems.
  9. Preparing detailed project reports, tender documentation, and procurement assistance.
  10. Liaison with external agencies for smooth project execution.

  11. Renewable Energy Focus:

  12. Management of a 1 MW operational solar power plant.
  13. Building new solar power plants and exploring opportunities in green hydrogen technology.
  • Market Cap 2,450 Cr.
  • Current Price 1,360
  • High / Low 1,448 / 636
  • Stock P/E 28.1
  • Book Value 142
  • Dividend Yield 0.00 %
  • ROCE 55.2 %
  • ROE 51.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.4%
  • Debtor days have improved from 86.3 to 61.9 days.
  • Company's working capital requirements have reduced from 78.1 days to 41.1 days

Cons

  • Stock is trading at 9.57 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024 Mar 2025
313 759
276 674
Operating Profit 37 85
OPM % 12% 11%
5 2
Interest 5 9
Depreciation 1 1
Profit before tax 36 78
Tax % 23% 24%
28 60
EPS in Rs 18.19 33.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025
147 207 285 1,072
136 193 251 947
Operating Profit 11 14 34 125
OPM % 8% 7% 12% 12%
3 4 10 7
Interest 8 8 9 16
Depreciation 2 1 1 1
Profit before tax 4 9 34 114
Tax % 22% 22% 24% 24%
3 7 26 87
EPS in Rs 2.27 4.44 17.10 48.48
Dividend Payout % -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 94%
TTM: 276%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 194%
TTM: 236%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 40%
Last Year: 51%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15 15 15 18
Reserves 37 43 69 238
62 60 78 55
61 80 78 215
Total Liabilities 176 198 240 526
16 19 20 18
CWIP -0 -0 -0 -0
Investments 12 18 8 10
147 161 212 498
Total Assets 176 198 240 526

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025
7 15 -15 -21
-19 -5 6 -26
6 -12 8 47
Net Cash Flow -6 -2 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 141 103 94 62
Inventory Days 95 82 64 26
Days Payable 116 76 55 50
Cash Conversion Cycle 120 108 103 38
Working Capital Days 117 81 113 41
ROCE % 15% 31% 55%

Shareholding Pattern

Numbers in percentages

4 Recently
Nov 2024Mar 2025
73.40% 73.40%
2.32% 0.84%
7.43% 4.88%
16.85% 20.88%
No. of Shareholders 5,1913,048

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents