The share of this green energy stock surged by approximately 5 percent on Wednesday after the company announced that it had secured an order worth Rs 60 crore from Urja Vikas Nigam Ltd.
With a market capitalisation of Rs 3,430 crores, the shares of Servotech Renewable Power System Ltd are currently trading at Rs 153 per share, down by 25.52 percent from its 52-week high of Rs 205.40 per share. In the last one year, the stock has delivered a return of 71 percent.
The company, through a stock exchange filing, announced that it has signed a contract worth Rs 60 crore from Madhya Pradesh Urja Vikas Nigam Ltd. The company is responsible for the Design, supply, installation, and commissioning of on-grid rooftop solar systems, with individual capacities ranging from 1 kW to 500 kW and has to be executed within five Months from the issuance of the work Order.
Financial Highlights
The company reported a revenue of Rs 674 crores, up by 91 percent from its FY24 revenue of Rs 353 crores. Additionally, the company reported a net profit growth of 175 percent to Rs 33 crore in FY25 from Rs 12 crore in FY24.
The stock delivered an ROE and ROCE of 17.25 percent and 19.74 percent, respectively, and is currently trading at a high P/E of 105.20x as compared to its industry average of 44.17x.
Servotech Renewable Power System Ltd manufactures and sells LED lighting, EV chargers, and solar power products for the Indian and foreign markets, including LED lights, solar inverters, panels, batteries, and servo stabilisers. The company offers UV-C disinfectant products, oxygen concentrators, and provides some components of EV charging, like power modules and control circuits etc.
Written by Satyajeet Mukherjee
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
