Servotech Renewable Power System Ltd
Incorporated in 2004, Servotech Renewable Power System Ltd. manufactures EV Chargers, Solar Products, and Power & Backup Products[1]
- Market Cap ₹ 1,592 Cr.
- Current Price ₹ 70.5
- High / Low ₹ 142 / 57.5
- Stock P/E 40.0
- Book Value ₹ 11.8
- Dividend Yield 0.03 %
- ROCE 15.1 %
- ROE 14.1 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 99.7% CAGR over last 5 years
- Company's median sales growth is 31.5% of last 10 years
Cons
* 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32 | 51 | 81 | 114 | 88 | 86 | 86 | 134 | 249 | 305 | 587 | 637 | 721 | |
| 29 | 47 | 73 | 106 | 82 | 81 | 82 | 125 | 231 | 285 | 530 | 567 | 642 | |
| Operating Profit | 3 | 4 | 8 | 7 | 7 | 4 | 5 | 9 | 18 | 20 | 57 | 69 | 79 |
| OPM % | 9% | 8% | 10% | 7% | 8% | 5% | 6% | 6% | 7% | 7% | 10% | 11% | 11% |
| 0 | 0 | 2 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 5 | 4 | |
| Interest | 2 | 3 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 8 | 12 | 14 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 6 | 15 | 16 |
| Profit before tax | 1 | 1 | 8 | 6 | 4 | 1 | 1 | 5 | 14 | 16 | 45 | 47 | 52 |
| Tax % | 46% | 53% | 34% | 28% | 28% | 28% | 20% | 28% | 23% | 27% | 26% | 23% | |
| 0 | 1 | 5 | 4 | 3 | 1 | 1 | 4 | 11 | 11 | 33 | 36 | 40 | |
| EPS in Rs | 0.20 | 0.24 | 1.96 | 0.22 | 0.16 | 0.04 | 0.05 | 0.20 | 0.50 | 0.52 | 1.49 | 1.61 | 1.76 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 10% | 24% | 10% | 3% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 49% |
| 3 Years: | 37% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 50% |
| 5 Years: | 100% |
| 3 Years: | 49% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 95% |
| 3 Years: | -4% |
| 1 Year: | -44% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 15% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 3 | 3 | 18 | 18 | 18 | 18 | 19 | 21 | 22 | 22 | 23 |
| Reserves | 3 | 4 | 11 | 15 | 18 | 19 | 21 | 27 | 60 | 107 | 202 | 245 |
| 17 | 21 | 21 | 17 | 16 | 19 | 25 | 19 | 42 | 81 | 78 | 198 | |
| 11 | 17 | 26 | 34 | 24 | 24 | 34 | 22 | 30 | 49 | 74 | 156 | |
| Total Liabilities | 32 | 44 | 60 | 84 | 76 | 79 | 98 | 87 | 153 | 258 | 376 | 622 |
| 4 | 7 | 7 | 9 | 8 | 8 | 11 | 12 | 21 | 32 | 67 | 119 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 14 | 3 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 1 | 2 | 14 |
| 28 | 37 | 54 | 75 | 67 | 71 | 88 | 75 | 132 | 211 | 305 | 488 | |
| Total Assets | 32 | 44 | 60 | 84 | 76 | 79 | 98 | 87 | 153 | 258 | 376 | 622 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2 | 2 | 9 | -6 | 1 | 3 | 1 | 13 | -27 | -1 | -51 | -11 | |
| -0 | -3 | -7 | -4 | -0 | -2 | 0 | -8 | -12 | -24 | -16 | -71 | |
| 3 | 1 | 0 | 12 | -4 | -1 | -1 | -1 | 45 | 70 | 39 | 115 | |
| Net Cash Flow | 1 | -0 | 2 | 2 | -3 | 0 | 0 | 4 | 7 | 45 | -28 | 33 |
| Free Cash Flow | -3 | -1 | 8 | -9 | 1 | 2 | 1 | 11 | -38 | -26 | -68 | -75 |
| CFO/OP | -61% | 73% | 143% | -57% | 30% | 70% | 25% | 154% | -149% | -6% | -90% | -15% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 202 | 131 | 124 | 140 | 165 | 184 | 171 | 74 | 115 | 96 | 87 | 120 |
| Inventory Days | 136 | 137 | 78 | 55 | 63 | 48 | 75 | 38 | 26 | 49 | 48 | 41 |
| Days Payable | 151 | 134 | 106 | 98 | 92 | 91 | 53 | 30 | 29 | 42 | 36 | 89 |
| Cash Conversion Cycle | 187 | 134 | 96 | 96 | 136 | 142 | 192 | 83 | 112 | 103 | 99 | 72 |
| Working Capital Days | 182 | 48 | 26 | 70 | 107 | 97 | 109 | 41 | 51 | 31 | 75 | 48 |
| ROCE % | 15% | 16% | 31% | 18% | 13% | 7% | 7% | 12% | 18% | 11% | 21% | 15% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Annual EV Charger Manufacturing Capacity chargers per year |
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| Number of Distributors distributors |
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| Number of Retailers retailers |
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| Cumulative EV Chargers Deployed chargers |
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| Retail Channel Revenue Rs crores per month |
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| PSU/OMC Order Share % of orders |
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| Revenue Mix - EV Charger DC % of revenue |
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| Revenue Mix - Solar % of revenue |
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Extracted by Screener AI
Documents
Announcements
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Credit Rating
- Infomerics reaffirmed Servotech’s ratings on ₹451.84 crore facilities; long-term BBB+/Positive, short-term A2, on 29 September 2026.
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Press Release
- Servotech hosted Navaarambh 2026 on 28 Sept, launching three new solar inverters and privilege program.
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Product launch
- Servotech launched Hybrid Solar Inverter and Micro Grid Inverter on 27 September 2026, for domestic and export markets.
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Shareholders meeting
- Servotech AGM resolutions passed, including dividend, director appointments, 800 crore borrowing limit and Rhine Solar RPT.
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Shareholders meeting
- Servotech held its 22nd AGM on 25 September 2026; 11 resolutions transacted, results to follow separately.
Annual reports
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Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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Annual Report 2023
from nse
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Annual Report 2022
from nse
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Annual Report 2021
from nse
Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Mar 2025PPT
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Oct 2024PPT
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Oct 2024PPT
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Oct 2024PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023Transcript
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Feb 2023PPT
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Jan 2023PPT
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Feb 2022PPT
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Nov 2021PPT
Product Portfolio[1]
The company offers end-to-end clean energy solutions across solar power, battery energy storage systems (BESS), EV charging, and servo stabilizers. Its solar portfolio includes hybrid, on-grid, and off-grid inverters, as well as solar panels for residential, commercial, and industrial applications. Its BESS solutions support renewable energy integration, grid stability, and backup power, while its EV charging portfolio includes AC and DC chargers for electric mobility. It also provides servo stabilizers for voltage regulation and power protection across industrial, commercial, and critical infrastructure applications.