Synopsis: Olectra Greentech, Servotech Renewable Power System, and Atul Auto stand out as fundamentally strong EV stocks, supported by solid Q4 FY25 earnings, improving profitability, and long-term growth potential.
India’s electric vehicle (EV) industry is growing rapidly, supported by government policies, rising consumer demand, and increasing investments in clean mobility. As the sector expands, investors are focusing on companies with strong financial performance, healthy balance sheets, and consistent business growth.
Several EV-related companies reported strong Q4 FY25 results, driven by higher sales, better profitability, and business expansion. Stocks such as Olectra Greentech Ltd, Servotech Renewable Power System Ltd, and Atul Auto Ltd have attracted investor attention due to their improving fundamentals and growth potential. Here is a look at three fundamentally strong EV stocks that delivered solid Q4 performance and could benefit from India’s accelerating shift toward electric mobility. Here are a few fundamentally strong EV stocks with strong Q4 results
Olectra Greentech Limited
With a market capitalization of Rs. 12,286.67 crore, the shares of Olectra Greentech Limited were currently trading at Rs. 1,496.90 per equity share, rising nearly 1.45 percent from its previous day’s close price of Rs. 1,475.55.
Olectra Greentech Limited is an Indian company focused on electric mobility and composite polymer insulators for the power sector. It is best known as one of India’s pioneers in electric bus manufacturing and has become a major supplier of battery-electric buses to state transport undertakings and other fleet operators across the country.
Coming into the quarterly results of Olectra Greentech Limited, the company’s consolidated revenue from operations increased by 43.65 percent YOY, from Rs. 449 crore in Q4 FY25 to Rs. 645 crore in Q4 FY26, and decreased by 2.86 percent QoQ from Rs. 664 crore in Q3 FY26.
In Q4 FY26, Olectra Greentech Limited’s consolidated net profit increased by 171.43 percent YOY, reaching Rs. 57 crore compared to Rs. 21 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 21.28 percent, from Rs. 47 crore.
In terms of return ratios, the company’s ROCE and ROE stand at 21.0 percent and 15.6 percent, respectively. Olectra Greentech Limited has an earnings per share (EPS) of Rs. 21.6, and its debt-to-equity ratio is 0.31x.
Servotech Renewable Power System Limited
With a market capitalization of Rs. 2,292.33 crore, the shares of Servotech Renewable Power System Limited were currently trading at Rs. 101.50 per equity share, rising nearly 6.06 percent from its previous day’s close price of Rs. 95.70.
Servotech Renewable Power System Ltd. is an Indian clean-energy company that develops and manufactures EV charging equipment, solar energy solutions, and related power electronics. The company has expanded from power-conditioning products into a broader renewable energy portfolio, positioning itself as a participant in India’s growing electrification and energy-transition markets.
Coming into the quarterly results of Servotech Renewable Power System Limited, the company’s consolidated revenue from operations increased by 66.67 percent YOY, from Rs. 126 crore in Q4 FY25 to Rs. 210 crore in Q4 FY26, and grew by 3.96 percent QoQ from Rs. 202 crore in Q3 FY26.
In Q4 FY26, Servotech Renewable Power System Limited’s consolidated net profit increased by 50 percent YOY, reaching Rs. 12 crore compared to Rs. 8 crore during the same period last year. As compared to Q3 FY26, the net profit has decreased by 20 percent, from Rs. 15 crore.
In terms of return ratios, the company’s ROCE and ROE stand at 15.5 percent and 14.7 percent, respectively. Servotech Renewable Power System Limited has an earnings per share (EPS) of Rs. 1.61, and its debt-to-equity ratio is 0.74x.
Atul Auto Limited
With a market capitalization of Rs. 1,333.73 crore, the shares of Atul Auto Limited were currently trading at Rs. 480.60 per equity share, rising nearly 1.17 percent from its previous day’s close price of Rs. 475.05.
Atul Auto Limited is an Indian automotive manufacturer focused on three-wheelers for passenger and cargo transportation. Headquartered in Rajkot, Gujarat, the company has built a strong presence in India’s last-mile mobility market while expanding into international markets and electric mobility solutions.
Coming into the quarterly results of Atul Auto Limited, the company’s consolidated revenue from operations increased by 14.22 percent YOY, from Rs. 211 crore in Q4 FY25 to Rs. 241 crore in Q4 FY26, and grew by 4.33 percent QoQ from Rs. 231 crore in Q3 FY26.
In Q4 FY26, Atul Auto Limited’s consolidated net profit increased by 200 percent YOY, reaching Rs. 18 crore compared to Rs. 6 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 20 percent, from Rs. 15 crore.
In terms of return ratios, the company’s ROCE and ROE stand at 11.4 percent and 9.35 percent, respectively. Atul Auto Limited has an earnings per share (EPS) of Rs. 15.2, and its debt-to-equity ratio is 0.30x.
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