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 ₹ 2,105 Cr.
- Current Price ₹ 93.2
- High / Low ₹ 168 / 57.5
- Stock P/E 62.7
- Book Value ₹ 12.8
- Dividend Yield 0.05 %
- ROCE 12.8 %
- ROE 12.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 98.4% CAGR over last 5 years
Cons
- Stock is trading at 7.31 times its book value
- Company has a low return on equity of 13.8% over last 3 years.
- Debtor days have increased from 95.8 to 119 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 87 | 144 | 278 | 353 | 674 | 672 | |
| 82 | 135 | 260 | 332 | 619 | 604 | |
| Operating Profit | 5 | 9 | 19 | 21 | 56 | 67 |
| OPM % | 6% | 6% | 7% | 6% | 8% | 10% |
| 1 | 1 | 1 | 2 | 2 | 4 | |
| Interest | 3 | 2 | 3 | 3 | 7 | 12 |
| Depreciation | 1 | 2 | 2 | 3 | 6 | 18 |
| Profit before tax | 1 | 6 | 14 | 16 | 45 | 40 |
| Tax % | 20% | 27% | 23% | 27% | 27% | 24% |
| 1 | 4 | 11 | 12 | 33 | 32 | |
| EPS in Rs | 0.05 | 0.22 | 0.52 | 0.54 | 1.46 | 1.49 |
| Dividend Payout % | 0% | 9% | 23% | 9% | 3% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 34% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 45% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 114% |
| 3 Years: | 32% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 18 | 19 | 21 | 22 | 22 | 23 |
| Reserves | 21 | 28 | 61 | 120 | 214 | 265 |
| 25 | 19 | 42 | 73 | 75 | 211 | |
| 34 | 24 | 42 | 62 | 98 | 186 | |
| Total Liabilities | 98 | 89 | 167 | 277 | 410 | 685 |
| 11 | 12 | 22 | 32 | 69 | 156 | |
| CWIP | 0 | 0 | 1 | 15 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 13 |
| 88 | 78 | 144 | 230 | 338 | 516 | |
| Total Assets | 98 | 89 | 167 | 277 | 410 | 685 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 3 | 8 | -24 | 1 | -55 | -2 | |
| -2 | -2 | -13 | -25 | -16 | -114 | |
| -1 | -1 | 45 | 74 | 48 | 144 | |
| Net Cash Flow | 0 | 5 | 8 | 50 | -24 | 28 |
| Free Cash Flow | 2 | 5 | -37 | -25 | -73 | -105 |
| CFO/OP | 63% | 83% | -129% | 4% | -100% | 6% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 212 | 70 | 112 | 89 | 79 | 119 |
| Inventory Days | 75 | 40 | 33 | 48 | 46 | 43 |
| Days Payable | 115 | 33 | 37 | 48 | 35 | 101 |
| Cash Conversion Cycle | 172 | 77 | 108 | 89 | 89 | 61 |
| Working Capital Days | 98 | 39 | 48 | 35 | 66 | 43 |
| ROCE % | 12% | 18% | 11% | 20% | 13% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|
| Number of Manufacturing Plants Number |
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| Total Employees Number |
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| Operating Cycle Days ・Standalone data |
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| Distribution Network - Distributors Number |
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| Distribution Network - Retailers Number |
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| Manufacturing Capacity Ramp-up Plan (Power Modules) Units per annum |
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| Patents Filed Number |
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| Patents Granted Number |
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| R&D Department Size Employees |
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| Solar Rooftop Project Capacity Won (NREDCAP) MW |
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| Solar Rooftop Project Capacity Won (South Eastern Railway) MW |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
7 May 2026 - Servotech released Q4 and FY26 earnings call transcript, discussing results, capex, receivables, and FY27 outlook.
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Press Release
6 May 2026 - Servotech won a 1,415 kW solar rooftop order from South Central Railway, Vijayawada Division.
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Bagging/Receiving of orders/contracts
6 May 2026 - Secured 1,415 kW solar rooftop order from South Central Railway's Vijayawada Division, executable within six months.
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Copy of Newspaper Publication
3 May 2026 - Published newspaper clippings of audited standalone and consolidated results for quarter and year ended 31 March 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
1 May 2026 - Audio recording of Q4 and FY2025-26 earnings conference call uploaded on website on 1 May 2026.
Annual reports
Concalls
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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 2025TranscriptAI SummaryPPT
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024TranscriptPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023TranscriptPPT
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Feb 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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]