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 ₹ 2,070 Cr.
- Current Price ₹ 91.7
- High / Low ₹ 190 / 91.3
- Stock P/E 76.2
- Book Value ₹ 10.7
- Dividend Yield 0.05 %
- ROCE 20.8 %
- ROE 19.0 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 108% CAGR over last 5 years
- Company's median sales growth is 40.4% of last 10 years
Cons
- Stock is trading at 8.55 times its book value
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -10.4%
- Working capital days have increased from 52.0 days to 74.7 days
* 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 32 | 51 | 81 | 114 | 88 | 86 | 86 | 134 | 249 | 305 | 587 | 533 | |
| 31 | 29 | 47 | 73 | 106 | 82 | 81 | 82 | 125 | 231 | 285 | 530 | 482 | |
| Operating Profit | 2 | 3 | 4 | 8 | 7 | 7 | 4 | 5 | 9 | 18 | 20 | 57 | 51 |
| OPM % | 7% | 9% | 8% | 10% | 7% | 8% | 5% | 6% | 6% | 7% | 7% | 10% | 10% |
| 0 | 0 | 0 | 2 | 1 | 1 | 0 | 1 | 1 | 0 | 2 | 2 | 4 | |
| Interest | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 8 | 8 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 6 | 9 |
| Profit before tax | 1 | 1 | 1 | 8 | 6 | 4 | 1 | 1 | 5 | 14 | 16 | 45 | 37 |
| Tax % | 62% | 46% | 53% | 34% | 28% | 28% | 28% | 20% | 28% | 23% | 27% | 26% | |
| 0 | 0 | 1 | 5 | 4 | 3 | 1 | 1 | 4 | 11 | 11 | 33 | 27 | |
| EPS in Rs | 0.12 | 0.20 | 0.24 | 1.96 | 0.22 | 0.16 | 0.04 | 0.05 | 0.20 | 0.50 | 0.52 | 1.49 | 1.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 24% | 10% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 47% |
| 3 Years: | 64% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 55% |
| 5 Years: | 108% |
| 3 Years: | 108% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 111% |
| 3 Years: | 83% |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 16% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 18 | 18 | 18 | 18 | 19 | 21 | 22 | 22 | 23 |
| Reserves | 2 | 3 | 4 | 11 | 15 | 18 | 19 | 21 | 27 | 60 | 107 | 202 | 219 |
| 12 | 17 | 21 | 21 | 17 | 16 | 19 | 25 | 19 | 42 | 81 | 75 | 152 | |
| 5 | 11 | 17 | 26 | 34 | 24 | 24 | 34 | 22 | 30 | 49 | 85 | 69 | |
| Total Liabilities | 20 | 32 | 44 | 60 | 84 | 76 | 79 | 98 | 87 | 153 | 258 | 384 | 463 |
| 4 | 4 | 7 | 7 | 9 | 8 | 8 | 11 | 12 | 21 | 32 | 67 | 119 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 3 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 8 |
| 17 | 28 | 37 | 54 | 75 | 67 | 71 | 88 | 75 | 132 | 211 | 313 | 331 | |
| Total Assets | 20 | 32 | 44 | 60 | 84 | 76 | 79 | 98 | 87 | 153 | 258 | 384 | 463 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | 2 | 9 | -6 | 1 | 3 | 1 | 13 | -27 | -1 | -51 | |
| -2 | -0 | -3 | -7 | -4 | -0 | -2 | 0 | -8 | -11 | -24 | -16 | |
| 2 | 3 | 1 | 0 | 12 | -4 | -1 | -1 | -1 | 45 | 70 | 39 | |
| Net Cash Flow | -0 | 1 | -0 | 2 | 2 | -3 | 0 | 0 | 4 | 7 | 45 | -28 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 202 | 131 | 124 | 140 | 165 | 184 | 171 | 74 | 115 | 96 | 87 |
| Inventory Days | 100 | 136 | 137 | 78 | 55 | 63 | 48 | 75 | 38 | 26 | 49 | 48 |
| Days Payable | 52 | 151 | 134 | 106 | 98 | 92 | 91 | 53 | 30 | 29 | 42 | 36 |
| Cash Conversion Cycle | 126 | 187 | 134 | 96 | 96 | 136 | 142 | 192 | 83 | 112 | 103 | 99 |
| Working Capital Days | 116 | 182 | 48 | 26 | 70 | 107 | 97 | 109 | 41 | 51 | 31 | 75 |
| ROCE % | 16% | 15% | 16% | 31% | 18% | 13% | 7% | 7% | 12% | 17% | 11% | 21% |
Documents
Announcements
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Press Release
25 November 2025 - Servotech granted Indian patent for CCS2-to-GB/T EV charging converter; trials successful on GB/T buses and cabs, 25 Nov 2025.
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Press Release
21 November 2025 - ₹16.31 crore grid-connected ground and rooftop solar project for REMCL at DFCCIL Noida, includes 10-year O&M.
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Bagging/Receiving of orders/contracts
21 November 2025 - Secured Rs.16.31 Cr solar EPC order at DFCCIL Noida; completion within 12 months.
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Press Release
19 November 2025 - Awarded ₹73.70 crore rooftop solar project for 5,886 SC/ST households by NREDCAP (AP) on 19 Nov 2025, includes 5-year O&M.
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Bagging/Receiving of orders/contracts
19 November 2025 - Rs.73.70 crore NREDCAP rooftop solar order (Kavali) under PM Surya Ghar; execution within six months.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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Oct 2024TranscriptNotesPPT REC
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
Product portfolio
The company offers end-to-end clean energy solutions, including EV chargers, solar inverters, energy storage systems, and key components.
1. Solar Products - Solar Panels, Solar Inverters & Solar Batteries
2. EV Chargers - AC Chargers, DC Chargers
3. L3 & L5 Vehicle Li-ion Battery - Lithium-ion battery packs for L3 & L5 category electric vehicles
4. EV Charger Components - Onboard EV Charger, AC DC Modules, Control Card, & Charging Cables (CCS2 & Type 2)
5. Battery Energy Storage Systems (BESS) - Servotech BESS
6. Servo Stabilizers - Air-Cooled Servo Stabilizers, & Oil-Cooled Servo Stabilizers [1]