The shares of this company recovered by approximately 7 percent on Monday after the company announced that it secured confirmation as the lowest bidder for the turnkey contract from the government of Gujarat.
With a market capitalization of Rs 2,374 crores, the shares of Rajesh Power Services Ltd are currently trading at Rs 1,318 per share, down by 9 percent from its 52-week high of Rs 1,448 per share. Over the last six months, the stock has delivered a return of 88 percent.
About the contract
Rajesh Power Services Ltd. has emerged as the lowest (L1) bidder for a turnkey contract from Paschim Gujarat Vij Company Ltd (PGVCL) for supply, installation, testing, and commissioning of 11 kV Medium Voltage Covered Conductors (MVCC) under the KSY Scheme. However, it stated that more details regarding the order will be announced after the company receives the official Letter of Intent (LoI) or Letter of Award (LoA).
As of March 2025, the company has an order book of Rs 3,628 crores, which are under execution. Out of this, 72 percent of the orders belong to the Power Distribution segment and 28 percent belong to the Power Transmission segment. The value of the Power Transmission segment and the Power Distribution segment is worth Rs 1,029 crores and Rs 2,599 crores respectively.
Financial Highlights
Coming to its standalone performance, it reported a revenue growth of 276 percent to Rs 1,072 crores in FY25 from Rs 285 crores in FY24. Coming to its profitability, it reported a net profit growth of 235 percent to Rs 87 crores in FY25 from Rs 26 crores in FY24.
Rajesh Power Services Limited provides turnkey project services in India – operations and maintenance of EHV substations and solar plants. The company offers utility services including underground cable fault detection, transformer replacement and switchgear replacement, cable laying, substation maintenance, and testing of equipment. It is also involved in electrical projects, including: cable system and substation design; site surveys; project reports; and consultancy and inspection services.
Written by Satyajeet Mukherjee
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