Synopsis:
Rajesh Power Services Ltd has secured Rs. 85.24 crore in orders from GETCO and East Central Railway for turnkey high-voltage projects, enhancing near-term revenue visibility, operational efficiency, and its market presence in power transmission.
This company provides consultancy to state transmission and distribution companies, private utilities, and industries is now in the focus after it secured two orders from Gujarat Energy Transmission Corporation Limited and East Central Railway.
With market capitalization of Rs. 2,395 cr, the shares of Rajesh Power Services Ltd are currently trading at Rs. 1,332 per share, from its previous close of Rs. 1,373.50 per share. The stock has delivered 89% in return over the past year and a negative return of 13% in the past month.
About the orders
On November 17, 2025, Rajesh Power Services announced that it has received two significant orders under its normal course of business. The first order, from Gujarat Energy Transmission Corporation Limited (GETCO), involves the supply, installation, testing, and commissioning of a 220kV underground cable at the proposed 220kV Dholera Substation. This turnkey contract is valued at Rs. 40.08 crores, including taxes, with an execution timeline of six months.
The second order, from East Central Railway, involves the design, supply, erection, testing, and commissioning of a 132kV transmission line along with associated line bays at GSS Nabinagar. This project, executed in a joint venture with a private company, is valued at Rs. 45.16 crores, including taxes, and is scheduled for completion within 18 months. Both orders were awarded by domestic entities and do not involve related-party transactions.
The total combined value of Rs. 85.24 crores provides significant near-term revenue visibility for the company. With clearly defined execution timelines six months for the Dholera Substation and 18 months for the Nabinagar transmission line the company is positioned to deliver high-quality solutions, strengthen operational efficiency, and enhance its market reputation in the power transmission sector.
About the company
Rajesh Power Services Limited, headquartered in Ahmedabad, Gujarat, is a company engaged in providing engineering and turnkey solutions for the power transmission and electrical infrastructure sector. The company specializes in the design, supply, installation, testing, and commissioning of high-voltage electrical equipment and transmission systems.
The company demonstrates strong financial performance with a ROCE of 54.7% and ROE of 50.8%, maintaining a solid three-year average ROE of 40.2%. Its debt-to-equity ratio stands at 0.26, reflecting a conservative capital structure. Operational efficiency has improved, with debtor days decreasing from 86.3 to 61.9 days and working capital requirements reducing from 52.4 to 39.0 days.
Written by Manideep Appana
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.
