Synopsis:
Servotech wins ₹13 crore, 3 MW rooftop solar project from Northern Central Railway, Agra, executing end-to-end on-grid solar installation to support clean energy and reduce emissions.
This Green Energy Stock, engaged in manufacturing and supplying advanced solar products, energy-efficient LED lighting, and EV chargers, including ultra-fast DC chargers and home AC chargers, is in focus after securing a 3 MW rooftop solar project worth Rs. 13 crore from the Northern Central Railway.
With a market capitalization of Rs. 2,800.48 crores, the share of Servotech Renewable Power System Limited has reached an intraday high of Rs. 126.33 per equity share, rising nearly 1.32 percent from its previous day’s close price of Rs. 124.69. Since then, the stock has retreated and is currently trading at Rs. 124 per equity share.
What is the news?
Servotech Renewable Power System Limited has won a 3 MW rooftop solar project from the Northern Central Railway, Agra Division, valued at Rs. 13 crore. This order highlights the continued trust of Indian Railways in Servotech’s expertise and strengthens the company’s role in advancing India’s clean energy goals.
Under the contract, Servotech Renewable Power System will handle the full execution of the on-grid solar project, including designing, manufacturing, supplying, installing, testing, and commissioning solar panels across multiple railway sites. The project supports Indian Railways’ sustainability vision by reducing reliance on conventional energy and cutting carbon emissions.
Company Overview
Servotech Renewable Power System Limited was founded in 2004 and is based in Rohini, Delhi, and manufactures and supplies advanced renewable energy solutions, including solar products, EV chargers, and energy-efficient lighting.
The company supports India’s energy transition with high-end solar infrastructure and ultra-fast DC and home AC EV chargers, emphasizing indigenous manufacturing under the ‘Make in India’ initiative.
Servotech Renewable Power System Limited operates across more than 21 states and serves major clients like Indian Oil, Bharat Petroleum, HP, Tata Power, Tata Motors, and UP NEDA, promoting clean energy adoption and sustainable power solutions nationwide.
Recent quarter results
Coming into financial highlights, Servotech Renewable Power System Limited’s revenue has increased from Rs. 112.19 crore in Q1 FY25 to Rs. 136.75 crore in Q1 FY26, which has grown by 21.89 percent. The net profit has also grown by 1.34 percent from Rs. 4.49 crore in Q1 FY25 to Rs. 4.55 crore in Q1 FY26.
Servotech Renewable Power System Limited’s revenue and net profit have grown at a CAGR of 66.83 percent and 139.68 percent, respectively, over the last four years.
In terms of return ratios, the company’s ROCE and ROE stand at 19.7 percent and 17.3 percent, respectively. Servotech Renewable Power System Limited has an earnings per share (EPS) of Rs. 1.46, and its debt-to-equity ratio is 0.32x.
Written By – Nikhil Naik
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