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 88.0
- Book Value ₹ 11.9
- Dividend Yield 0.05 %
- ROCE 19.7 %
- ROE 17.3 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 7.70 times its book value
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -10.4%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 87 | 144 | 278 | 353 | 674 | 606 | |
| 82 | 135 | 260 | 332 | 619 | 561 | |
| Operating Profit | 5 | 9 | 19 | 21 | 56 | 45 |
| OPM % | 6% | 6% | 7% | 6% | 8% | 7% |
| 1 | 1 | 1 | 2 | 2 | 3 | |
| Interest | 3 | 2 | 3 | 3 | 7 | 8 |
| Depreciation | 1 | 2 | 2 | 3 | 6 | 10 |
| Profit before tax | 1 | 6 | 14 | 16 | 45 | 30 |
| Tax % | 20% | 27% | 23% | 27% | 27% | |
| 1 | 4 | 11 | 12 | 33 | 22 | |
| EPS in Rs | 0.05 | 0.22 | 0.52 | 0.54 | 1.46 | 1.05 |
| Dividend Payout % | 0% | 9% | 23% | 9% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 67% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 111% |
| 3 Years: | 80% |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 18 | 19 | 21 | 22 | 22 | 23 |
| Reserves | 21 | 28 | 61 | 120 | 214 | 246 |
| 25 | 19 | 42 | 73 | 75 | 152 | |
| 34 | 24 | 42 | 62 | 98 | 96 | |
| Total Liabilities | 98 | 89 | 167 | 277 | 410 | 517 |
| 11 | 12 | 22 | 32 | 69 | 153 | |
| CWIP | 0 | 0 | 1 | 15 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 |
| 88 | 78 | 144 | 230 | 338 | 358 | |
| Total Assets | 98 | 89 | 167 | 277 | 410 | 517 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3 | 8 | -24 | 1 | -55 | |
| -2 | -2 | -13 | -25 | -16 | |
| -1 | -1 | 45 | 74 | 48 | |
| Net Cash Flow | 0 | 5 | 8 | 50 | -24 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 212 | 70 | 112 | 89 | 79 |
| Inventory Days | 75 | 40 | 33 | 48 | 46 |
| Days Payable | 115 | 33 | 37 | 48 | 35 |
| Cash Conversion Cycle | 172 | 77 | 108 | 89 | 89 |
| Working Capital Days | 98 | 39 | 48 | 35 | 66 |
| ROCE % | 12% | 18% | 11% | 20% |
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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May 2025Transcript PPT
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Mar 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Oct 2024TranscriptNotesPPT REC
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Nov 2023Transcript PPT
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Jul 2023TranscriptPPT
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Jan 2023TranscriptNotesPPT
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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]