Synopsis:
Servotech Renewable Power System Limited partnered with Mauritius-based Enovra Energy Solutions to supply solar and EV charging solutions, making Enovra its exclusive representative for sustainable energy deployment in Mauritius.
This Green energy stock, engaged in manufacturing and supplying advanced solar products, energy-efficient LED lighting, and EV chargers, including ultra-fast DC and home AC chargers, jumped 4 percent after an agreement with Mauritius-based Enovra Energy Solutions Limited to expand its presence in the renewable energy and EV charging sector.
With a market capitalization of Rs. 3,048.91 crores, the share of Servotech Renewable Power System Limited has reached an intraday high of Rs. 137.98 per equity share, rising nearly 4.02 percent from its previous day’s close price of Rs. 132.65. Since then, the stock has retreated and is currently trading at Rs. 135.17 per equity share.
What is the News?
Servotech Renewable Power System Limited has entered into a strategic trade agreement with Mauritius-based Enovra Energy Solutions Limited to expand its presence in the renewable energy and EV charging sector.
Under this partnership, Servotech will supply its portfolio of solar solutions and EV chargers to Enovra for distribution and deployment across Mauritius and neighboring regions. The agreement includes a binding commitment to ensure long-term business consistency, positioning Enovra as Servotech’s exclusive representative on the island and providing manufacturer-backed technical support for all deployed products.
This collaboration strengthens Servotech’s international footprint while supporting Enovra’s mission to enhance clean energy accessibility in Mauritius. By offering affordable and scalable solar and EV solutions, the partnership aims to accelerate the adoption of green energy in the country.
Company Overview
Servotech Renewable Power System Limited was founded in 2004 and is headquartered in Rohini, Delhi. The company specializes in manufacturing and supplying advanced renewable energy solutions, including solar products, EV chargers, and energy-efficient lighting.
The company focuses on supporting India’s energy transition with high-end solar infrastructure, ultra-fast DC chargers, and home AC chargers for electric vehicles. Servotech emphasizes indigenous manufacturing aligned with the ‘Make in India’ initiative and has established a strong presence across over 21 Indian states.
The company provides renewable energy solutions, including solar panels, solar inverters, solar batteries, EV chargers, and EV charger components. It serves major clients like Indian Oil, Bharat Petroleum, HP, Tata Power, Tata Motors, and UP NEDA, offering reliable products to promote clean energy adoption and support sustainable power and electric mobility solutions across India.
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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