Synopsis: A power transmission and distribution company saw its shares climb sharply after landing a fresh contract from a state utility body in Gujarat, adding to its already strong order pipeline for the year.
Shares of this EPC contractor jumped on the exchanges after the company announced a large order win from a government power utility. The order strengthens the company’s position in underground cabling projects and comes at a time when its financial numbers have been showing steady improvement.
With a market cap of Rs. 1,539 Crores, the shares of Rajesh Power Services Ltd. are trading at Rs.855 i.e. 4.37% up from its previous closing price of Rs.819.2. It made a high of Rs.873.9 which is 6.6% above its previous closing price. It is trading at a P/E ratio of 11.19.
Order Win Details
Rajesh Power Services Limited saw its stock rally as much as 6% after the company announced it had won orders worth Rs 653.12 crore, including taxes, from Paschim Gujarat Vij Company Limited (PGVCL), a Gujarat government undertaking.
The turnkey projects involve converting existing 11kV high tension and low tension line networks into underground cable networks with a ring main system. The work also includes GIS mapping and asset tagging. These projects will be executed across four circles in Gujarat: Bhavnagar, Anjar, Junagadh and Porbandar.
Commenting on the order win, Kurang Panchal, Managing Director of Rajesh Power Services Limited, said the award reflects the company’s execution capabilities, technical expertise and track record in delivering complex power infrastructure projects. He added that the orders reinforce the company’s leadership in underground power distribution and its ability to handle large, time-bound assignments while maintaining quality and safety standards.
Rajesh Power Services has been active in the underground cabling segment for some time now, and this latest order adds meaningfully to its execution pipeline in the state.
Financial Performance
On the financial front, Rajesh Power Services has shown consistent growth. For the full year ended March 2026, the company’s consolidated sales stood at Rs 1,628 crore, up from Rs 1,107 crore in the year ended March 2025. Operating profit rose to Rs 197 crore from Rs 134 crore over the same period, while net profit grew to Rs 143 crore from Rs 93 crore, translating into an EPS of Rs 79.52 for FY26 compared to Rs 51.85 in FY25.
Half-yearly figures also point to a similar trend. Sales for the half year ended March 2026 came in at Rs 990 crore, higher than the Rs 759 crore reported in the same period a year earlier. Operating profit for this half stood at Rs 113 crore against Rs 87 crore, while net profit rose to Rs 84 crore from Rs 67 crore.
With a healthy order book of Rs.3,326 Crores and improving margins, the company appears well placed to sustain its growth momentum, though execution timelines and receivables from government utilities will remain factors to watch.
About the Company
Rajesh Power Services Limited is an EPC company specialising in Power Transmission and Distribution. It offers turnkey execution of GIS and AIS substations, extra high voltage power cables, transmission lines, distribution systems, and operation and maintenance services. The company has a presence across Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Orissa, and holds multiple ISO certifications.
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