Servotech Renewable Power System Ltd.

•

servotech.inBSE: -NSE: SERVOTECH

Market Cap₹ 1,745 Cr.

Current Price

High / Low₹ 142 / 58

Stock P/E46.6

Book Value₹ 13

Price to Book13.78

Dividend Yield0.03 %

ROCE20.2 %

ROE21.5 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Latest quarter profit grew 77.0% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Company comfortably covers its interest (7.2x coverage)
Attractively priced for its growth - PEG of 0.5
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.42x)
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 20.4%
Stock is trading at 13.8x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ABB	7269.10	51.56	154038.32	0.54	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	CGPOWER	910.00	114.69	143365.96	0.14	308.28	15.52	3280.81	13.99	27.94	12.11
3.	SIEMENS	3960.90	43.07	141055.77	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	POWERINDIA	31415.40	121.72	140025.86	0.03	2941.50	2135.18	24936.90	1586.18	28.73	14.58
5.	GVT&D	4545.00	623.18	116373.15	0.22	362.99	24.65	1836.14	38.04	75.51	25.10
6.	ENRIN	3178.75	76.08	113201.81	0.13	440.90	67.83	2485.60	39.28	40.19	23.56
7.	WAAREEENER	2627.50	19.80	75580.39	0.15	891.87	15.39	7931.79	79.22	37.92	18.15
8.	APARINDS	17496.15	62.01	73260.47	0.34	4674.50	1677.98	65910.60	1191.31	31.84	11.50
9.	HAVELLS	1114.80	42.84	69960.57	0.90	289.71	-16.64	6518.19	19.48	25.74	7.15
10.	SUZLON	44.16	19.31	60700.73	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1227.70	159.75	29354.80	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	SERVOTECH	77.28	46.59	1745.33	0.03	8.05	76.99	215.79	57.81	20.17	9.52

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	80	86	52	136	112	200	216	146	137	106	211	217	216
	73	81	49	131	104	181	200	134	126	100	183	195	206
Operating Profit	7	5	3	6	8	19	16	12	10	6	28	23	10
OPM %	8.66%	6.18%	5.81%	4.09%	7.39%	9.46%	7.49%	8.34%	7.61%	5.90%	13.27%	10.37%	4.69%
	0	1	0	0	0	0	1	1	0	1	0	2	1
Interest	1	1	1	1	1	2	2	1	2	3	3	4	5
Depreciation	1	1	1	1	1	1	2	2	2	4	5	7	6
Profit before Tax	5	4	2	5	6	15	13	11	7	1	20	13	11
Tax %	25.14%	25.18%	39.78%	25.59%	26.99%	26.68%	28.37%	26.55%	30.75%	24.53%	24.21%	19.63%	24.93%
Net Profit	0	0	0	0	4	11	8	8	5	0	16	11	8
	0.19	0.15	0.05	0.16	0.20	0.51	0.41	0.35	0.23	0.06	0.65	0.54	0.41

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	87	144	278	354	674	751
	82	135	260	333	619	684
Operating Profit	5	9	19	21	56	67
OPM %	5.56%	6.33%	6.75%	5.88%	8.24%	8.91%
	1	1	1	2	2	4
Interest	3	2	3	3	7	15
Depreciation	1	2	2	3	6	22
Profit before Tax	1	6	14	16	45	45
Tax %	20.17%	27.40%	23.36%	26.99%	27.16%	23.05%
Net Profit	1	4	11	12	33	34
EPS	0.51	0.41	0.56	0.54	1.45	—
Dividend Payout %	0.00%	9.18%	42.37%	45.95%	3.44%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 67%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 100%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 96%
3 Years:: 0%
1 Year:: -43%

RETURN ON EQUITY

10 Years:: —
5 Years:: 13%
3 Years:: 17%
Last Year:: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	18	19	21	22	22
Minority Interest	0	0	0	0	1
	21	28	60	83	187
	36	22	42	72	73
Trade Payables	11	11	24	39	54
	12	10	19	60	72
Total Liabilities	98	89	167	276	410
	9	10	20	29	66
Capital Work in Progress	0	0	0	15	3
	2	0	0	0	0
	15	14	21	39	71
	0	0	0	86	145
Cash & Bank	3	8	16	66	43
	69	58	109	41	82
Total Assets	98	89	167	276	410

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	9	-21	1	-55
Cash from Investing	0	-2	-13	-25	-16
Cash from Financing	-1	-1	45	74	48
	0	5	8	50	-24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.70	59.34	59.19	58.97	58.65	58.65	58.61	58.61	58.61
	5.52	5.95	2.77	2.89	3.00	1.78	0.73	0.14	0.05
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	34.77	34.71	38.04	38.14	38.35	39.56	40.66	41.25	41.34

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Servotech Renewable Power System Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Shareholders meeting

2026-09-02 - Servotech Renewable Power System Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Servotech Renewable Power System Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Record Date

2026-08-27 - Servotech Renewable Power System Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Sep-2026.

2026-08-27

Appointment

2026-08-27 - Servotech Renewable Power System Limited has informed the Exchange regarding Re-Appointment of Mr. Raman Bhatia as Managing Director of the company w.e.f. June 01, 2027,subject to shareholders approval.

2026-08-27

Outcome of Board Meeting

2026-08-27 - Servotech Renewable Power System Limited has informed the Exchange regarding Outcome of Board Meeting held on August 27, 2026.

2026-08-21

Resignation

2026-08-21 - Servotech Renewable Power System Limited has informed the Exchange regarding Resignation of Mr Abhishek Khandelwal as Internal Auditor of the company w.e.f. August 21, 2026.

2026-07-28

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-28 - Servotech Renewable Power System Limited has informed the Exchange about Transcript

2026-07-23

Frauds/Default by employees

2026-07-23 - Servotech Renewable Power System Limited has informed the Exchange about Frauds/Default by employees

News

Recent coverage and analyst commentary for SERVOTECH

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Servotech Renewable Power System Ltd.

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Free 5nance Account

Name

ABB

7269.10

51.56

154038.32

0.54

3623.00

930.02

35588.70

1110.31

30.18

12.56

CGPOWER

910.00

114.69

143365.96

0.14

308.28

15.52

3280.81

13.99

27.94

12.11

SIEMENS

3960.90

43.07

141055.77

0.45

214.31

-49.38

4713.70

8.44

21.42

9.14

POWERINDIA

31415.40

121.72

140025.86

0.03

2941.50

2135.18

24936.90

1586.18

28.73

14.58

GVT&D

4545.00

623.18

116373.15

0.22

362.99

24.65

1836.14

38.04

75.51

25.10

ENRIN

3178.75

76.08

113201.81

0.13

440.90

67.83

2485.60

39.28

40.19

23.56

WAAREEENER

2627.50

19.80

75580.39

0.15

891.87

15.39

7931.79

79.22

37.92

18.15

APARINDS

17496.15

62.01

73260.47

0.34

4674.50

1677.98

65910.60

1191.31

31.84

11.50

HAVELLS

1114.80

42.84

69960.57

0.90

289.71

-16.64

6518.19

19.48

25.74

7.15

SUZLON

44.16

19.31

60700.73

0.00

305.22

-5.89

3829.09

22.83

35.79

15.55

SCHNEIDER

1227.70

159.75

29354.80

0.00

12.44

-69.84

651.36

4.78

31.01

5.23

SERVOTECH

77.28

46.59

1745.33

0.03

8.05

76.99

215.79

57.81

20.17

9.52

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

136

112

200

216

146

137

106

211

217

216

131

104

181

200

134

126

100

183

195

206

Operating Profit

OPM %

8.66%

6.18%

5.81%

4.09%

7.39%

9.46%

7.49%

8.34%

7.61%

5.90%

13.27%

10.37%

4.69%

Interest

Depreciation

Profit before Tax

Tax %

25.14%

25.18%

39.78%

25.59%

26.99%

26.68%

28.37%

26.55%

30.75%

24.53%

24.21%

19.63%

24.93%

Net Profit

0.19

0.15

0.05

0.16

0.20

0.51

0.41

0.35

0.23

0.06

0.65

0.54

0.41

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

144

278

354

674

751

135

260

333

619

684

Operating Profit

OPM %

5.56%

6.33%

6.75%

5.88%

8.24%

8.91%

Interest

Depreciation

Profit before Tax

Tax %

20.17%

27.40%

23.36%

26.99%

27.16%

23.05%

Net Profit

EPS

0.51

0.41

0.56

0.54

1.45

—

Dividend Payout %

0.00%

9.18%

42.37%

45.95%

3.44%

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

187

Trade Payables

Total Liabilities

167

276

410

Capital Work in Progress

145

Cash & Bank

109

Total Assets

167

276

410

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-21

-55

Cash from Investing

-2

-13

-25

-16

Cash from Financing

-1

-24

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

59.70

59.34

59.19

58.97

58.65

58.61

5.52

5.95

2.77

2.89

3.00

1.78

0.73

0.14

0.05

DIIs

0.00

Government

0.00

34.77

34.71

38.04

38.14

38.35

39.56

40.66

41.25

41.34

Servotech Renewable Power System Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Servotech Renewable Power System Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI