Servotech Renewable Power System (SERVOTECH) had a P/E of 41.1× on 6 Nov 2026, above the industry P/E of 30.0×, and the shares are 42% below their 52-week high. Sales and net profit grew 34% and 45% a year over 3 years; its ROCE of 14% is the lowest among the 7 largest Electrical Equipment & Parts peers. Debt is 0.82× equity. It is a small-cap company with a market cap of ₹1,515 Cr, ranked 45th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 41% over the past year.
- ₹68.35
- ₹68.35
- ₹66.12
- ₹68.46
- 3 L
Health check
- ReturnsBehind
−41.2% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 41.1 vs industry 30.0.
- GrowthStrong
Sales +34.1%, profit +44.8% a year over 3 years.
- ProfitabilityWeak
ROCE 14.1% vs peer median 22.1%.
- Balance sheetStretched
Debt 0.82× equity, interest covered 4.8×, Piotroski 2 of 9.
- Red flags1 to check
42% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,515 Cr
- Small cap
- P/E
- 41.1
- Industry 30.0
- Price to book
- 5.00
- Peers 7.24
- Dividend yield
- 0.03%
- ROE
- 15.3%
- Peers 18.0%
- ROCE
- 14.1%
- Peers 22.1%
- Debt to equity
- 0.82
- Debt ₹257 Cr
- EPS (TTM)
- ₹1.63
- Face value ₹1
- OPM (TTM)
- 10.3%
- Net margin 5.6%
- Sales growth
- +57.0%
- Latest quarter vs a year ago
- Profit growth
- +74.7%
- Latest quarter vs a year ago
- Price to sales
- 1.87
- EV/EBITDA 18.4
Strengths and risks
Strengths
- Quarterly profit up 74.7% on a year ago.
- Quarterly sales up 57.0% on a year ago.
Risks to check
- 42% below its 52-week high.
About Servotech Renewable Power System
Servotech Renewable Power System Limited manufactures and sells light-emitting diode (LED) lights, electric vehicle (EV) chargers, and solar power products in India and internationally. The company's products include EV chargers, solar products, such as solar inverter, servport, solar management unit, solar batteries, solar lithium battery, and solar panels; servo and backup, including battery and stabilizer and UPS; lithium battery and electric 3W…
- Headquarters
- New Delhi
- Employees
- 392
- Sector
- Industrials
- ISIN
- INE782X01033
- Website
- servotech.in
Price range
- Avg volume (3M)
- 4.1 L
- 1-year return
- minus 41.2%
- From 52-week high
- minus 42.1%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| SERVOTECHServotech Renewable Power System | 67.06 | minus 2.04% | 1,515 | 41.1 | 25.6 | 14.1% | 10.6% | 0.82 | 34.1% | minus 41.2% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 137 | 106 | 211 | 217 | 216 | |
| 126 | 100 | 183 | 195 | 195 | |
| 11.1 | 6.3 | 28 | 22.5 | 20.4 | |
| 8.1% | 5.9% | 13.3% | 10.4% | 9.5% | |
| −0.3 | 1.2 | 0.5 | 1.7 | 0.5 | |
| 2 | 2.6 | 3.4 | 4.1 | 4.8 | |
| 2.2 | 4.3 | 4.8 | 7.1 | 5.5 | |
| 6.6 | 0.5 | 20.3 | 13 | 10.6 | |
| 30.7% | 25.4% | 24.2% | 19.6% | 25.2% | |
| 5.2 | 1.3 | 14.7 | 12.3 | 9.1 | |
| 0.23 | 0.06 | 0.63 | 0.53 | 0.41 |
Profit & loss
- Sales CAGR 3Y
- +34.1%
- Profit CAGR 3Y
- +44.8%
- EPS CAGR 3Y
- +40.7%
- ROE
- 15.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 278 | 354 | 674 | 672 | |
| – | +27.0% | +90.7% | minus 0.4% | |
| 259 | 332 | 617 | 605 | |
| 19.1 | 21.6 | 57.5 | 66.9 | |
| 6.9% | 6.1% | 8.5% | 10.0% | |
| 9.3 | 0.7 | 0.7 | 2.7 | |
| 2.5 | 2.9 | 6.4 | 10.7 | |
| 2.1 | 3 | 5.9 | 18.4 | |
| −9.3 | −0.3 | −1.1 | −0.2 | |
| 14.4 | 16.2 | 44.8 | 40.4 | |
| 23.4% | 27.0% | 27.2% | 23.8% | |
| 11 | 11.8 | 32.7 | 33.6 | |
| – | +6.5% | +178.3% | +2.5% | |
| 0.52 | 0.54 | 1.45 | 1.45 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.3 | 21.7 | 22.5 | 22.6 | |
| 60.8 | 120 | 214 | 265 | |
| 43.6 | 76 | 77.9 | 211 | |
| 41.1 | 58.7 | 87.4 | 186 | |
| 167 | 277 | 402 | 685 | |
| 19.8 | 43.8 | 69.3 | 154 | |
| 0 | 14.7 | 3.2 | 0.7 | |
| 0 | – | – | – | |
| 17.2 | 66.4 | 42.5 | 10.7 | |
| 130 | 152 | 287 | 520 | |
| 167 | 277 | 402 | 685 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −24.3 | 0.8 | −55.4 | −1.9 | |
| −12.9 | −25.1 | −16.3 | −114 | |
| 45.5 | 74.4 | 47.8 | 144 | |
| 8.3 | 50.2 | −23.9 | 28.2 | |
| −13 | −26.2 | −18.1 | −103 | |
| −37.3 | −25.4 | −73.5 | −105 | |
| −0.4 | −4.3 | −1.1 | −1.1 |
Shareholding pattern
- Promoters58.61%
- Public41.39%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.61% | 41.39% | 0.00 | |
| 30 Jun 2026 | 58.61% | 41.39% | 0.00 | |
| 31 Mar 2026 | 58.61% | 41.39% | 0.00 | |
| 31 Dec 2025 | 58.61% | 41.39% | minus 0.04 | |
| 30 Sep 2025 | 58.65% | 41.35% | – |
Major shareholders
Filings & events
News
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