Servotech Renewable Power System Ltd.

82.45-0.13%

2026-08-21

servotech.inBSE: -NSE: SERVOTECH
Market Cap₹ 1,833 Cr.
Current Price₹ 83
High / Low₹ 143 / 58
Stock P/E48.9
Book Value₹ 13
Price to Book13.78
Dividend Yield0.02 %
ROCE20.2 %
ROE21.5 %
Face Value₹ 1

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ABOUT

KEY POINTS

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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.ABB7400.0052.48156812.200.533623.00930.0235588.701110.3130.1812.56
2.POWERINDIA33550.000.00149540.280.02294.15123.522493.6974.4628.7314.58
3.SIEMENS3880.1042.19138178.320.46214.31-49.384713.708.4421.429.14
4.CGPOWER862.90108.75135945.590.15308.2815.523280.8113.9927.9412.11
5.ENRIN3483.600.00124058.140.114409.001578.3424856.001292.8140.1923.56
6.GVT&D4119.00564.77105465.570.24362.9924.651836.1438.0475.5125.10
7.HAVELLS1278.0049.1180202.380.78289.71-16.646518.1919.4825.747.15
8.WAAREEENER2688.0020.2677320.680.15891.8715.397931.7979.2234.7118.15
9.APARINDS16607.6558.8669540.110.364674.501677.9865910.601191.3133.4711.50
10.SUZLON46.7820.4564302.090.00305.22-5.893829.0922.8335.7915.55
11.SCHNEIDER1254.750.0030001.580.00124.40201.656513.60947.8331.015.23
12.SERVOTECH81.1448.911832.510.028.0576.99215.7957.8120.179.52
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
80
73
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
1
5
Tax %
25.14%
Net Profit
0
0
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
86
81
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
1
4
Tax %
25.18%
Net Profit
0
0
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
52
49
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
1
2
Tax %
39.78%
Net Profit
0
0
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
136
131
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
1
5
Tax %
25.59%
Net Profit
0
0
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
112
104
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
1
6
Tax %
26.99%
Net Profit
4
0
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
200
181
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
1
15
Tax %
26.68%
Net Profit
11
1
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
216
200
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
2
13
Tax %
28.37%
Net Profit
8
0
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
146
134
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
2
11
Tax %
26.55%
Net Profit
8
0
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
22
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
137
126
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
2
7
Tax %
30.75%
Net Profit
5
0
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
106
100
Operating Profit
OPM %
Other Income
1
Interest
3
Depreciation
4
1
Tax %
24.53%
Net Profit
0
0
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
211
183
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
5
20
Tax %
24.21%
Net Profit
16
1
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
217
195
Operating Profit
OPM %
Other Income
2
Interest
4
Depreciation
7
13
Tax %
19.63%
Net Profit
11
1
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
216
206
Operating Profit
OPM %
Other Income
1
Interest
5
Depreciation
6
11
Tax %
24.93%
Net Profit
8
0
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
87
82
Operating Profit
6
OPM %
7
Other Income
1
Interest
3
Depreciation
1
1
Tax %
20
Net Profit
1
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
144
135
Operating Profit
10
OPM %
7
Other Income
1
Interest
2
Depreciation
2
6
Tax %
27
Net Profit
4
EPS
0
Dividend Payout %
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
278
260
Operating Profit
19
OPM %
7
Other Income
1
Interest
3
Depreciation
2
14
Tax %
23
Net Profit
11
EPS
1
Dividend Payout %
42
Minority Interest
-0
Share of Associates
0
Adjusted EPS
1
Minority Interest
-0
Share of Associates
0
Adjusted EPS
1
Mar 2024
354
333
Operating Profit
22
OPM %
6
Other Income
2
Interest
3
Depreciation
3
16
Tax %
27
Net Profit
12
EPS
1
Dividend Payout %
46
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2025
674
619
Operating Profit
58
OPM %
9
Other Income
2
Interest
7
Depreciation
6
45
Tax %
27
Net Profit
33
EPS
1
Dividend Payout %
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
TTM
751
684
Operating Profit
OPM %
Other Income
4
Interest
15
Depreciation
22
45
Tax %
23
Net Profit
34
EPS
Dividend Payout %
Minority Interest
-1
Share of Associates
1
Adjusted EPS
Minority Interest
-1
Share of Associates
1
Adjusted EPS

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:
100%
3 Years:
-2%
1 Year:
-36%

RETURN ON EQUITY

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Sep 23

₹ 0.05

2024

Sep 20

₹ 0.05

2023

Sep 22

₹ 0.10

2023

Feb 3

₹ 0.10

2021

Nov 25

₹ 0.02

Mar 2021
Equity Capital
18
21
15
Trade Payables
11
33
Total Liabilities
98
9
Capital Work in Progress
0
2
15
0
Cash & Bank
3
69
Total Assets
98
Total Debt
25
Net Working Capital
29
Contingent Liabilities
15
Book Value per Share
21.54
Face Value
10.00
Total Debt
25
Net Working Capital
29
Contingent Liabilities
15
Book Value per Share
21.54
Face Value
10.00
Mar 2022
Equity Capital
19
28
11
Trade Payables
11
20
Total Liabilities
89
10
Capital Work in Progress
0
0
14
0
Cash & Bank
8
58
Total Assets
89
Total Debt
19
Net Working Capital
23
Contingent Liabilities
18
Book Value per Share
24.79
Face Value
10.00
Total Debt
19
Net Working Capital
23
Contingent Liabilities
18
Book Value per Share
24.79
Face Value
10.00
Mar 2023
Equity Capital
21
60
34
Trade Payables
24
28
Total Liabilities
167
20
Capital Work in Progress
0
0
21
0
Cash & Bank
16
109
Total Assets
167
Total Debt
42
Net Working Capital
53
Contingent Liabilities
23
Book Value per Share
7.63
Face Value
2.00
Total Debt
42
Net Working Capital
53
Contingent Liabilities
23
Book Value per Share
7.63
Face Value
2.00
Mar 2024
Equity Capital
22
83
56
Trade Payables
39
76
Total Liabilities
276
29
Capital Work in Progress
15
0
39
86
Cash & Bank
66
41
Total Assets
276
Total Debt
73
Net Working Capital
100
Contingent Liabilities
37
Book Value per Share
4.82
Face Value
1.00
Total Debt
73
Net Working Capital
100
Contingent Liabilities
37
Book Value per Share
4.82
Face Value
1.00
Mar 2025
Equity Capital
22
187
57
Trade Payables
54
89
Total Liabilities
410
66
Capital Work in Progress
3
0
71
145
Cash & Bank
43
82
Total Assets
410
Total Debt
75
Net Working Capital
165
Contingent Liabilities
79
Book Value per Share
8.89
Face Value
1.00
Total Debt
75
Net Working Capital
165
Contingent Liabilities
79
Book Value per Share
8.89
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
1
Cash from Investing
0
Cash from Financing
-1
0
Free Cash Flow
1
OCF / Net Profit
1.31
Cumulative 5-Year FCF
0
OCF / Net Profit
1.31
Cumulative 5-Year FCF
0
Mar 2022
8
Cash from Investing
-2
Cash from Financing
-1
5
Free Cash Flow
5
OCF / Net Profit
1.85
Cumulative 5-Year FCF
0
OCF / Net Profit
1.85
Cumulative 5-Year FCF
0
Mar 2023
-24
Cash from Investing
-13
Cash from Financing
45
8
Free Cash Flow
-36
OCF / Net Profit
-2.19
Cumulative 5-Year FCF
0
OCF / Net Profit
-2.19
Cumulative 5-Year FCF
0
Mar 2024
1
Cash from Investing
-25
Cash from Financing
74
50
Free Cash Flow
-24
OCF / Net Profit
0.07
Cumulative 5-Year FCF
0
OCF / Net Profit
0.07
Cumulative 5-Year FCF
0
Mar 2025
-55
Cash from Investing
-16
Cash from Financing
48
-24
Free Cash Flow
-86
OCF / Net Profit
-1.70
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.70
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
0.50
Book Value (₹)
21.54
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.13
Operating Margin %
6.04%
Net Margin %
0.97%
ROE %
2.33%
ROCE %
6.27%
0.93%
Debtor Days
155
Inventory Days
59
Payable Days
53
160
Debt to Equity (x)
0.64x
Interest Coverage (x)
1.40x
1.79x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
2.18
Book Value (₹)
24.79
Dividend per Share (₹)
0.20
Cash EPS (₹)
0.30
Operating Margin %
6.01%
Net Margin %
2.52%
ROE %
9.47%
ROCE %
12.37%
4.32%
Debtor Days
77
Inventory Days
33
Payable Days
32
78
Debt to Equity (x)
0.42x
Interest Coverage (x)
3.28x
1.74x
Revenue Growth %
65.15%
Operating Profit Growth %
68.24%
Net Profit Growth %
341.87%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
1.04
Book Value (₹)
7.63
Dividend per Share (₹)
0.44
Cash EPS (₹)
0.62
Operating Margin %
6.96%
Net Margin %
3.97%
ROE %
17.37%
ROCE %
18.18%
8.65%
Debtor Days
74
Inventory Days
23
Payable Days
28
69
Debt to Equity (x)
0.52x
Interest Coverage (x)
6.11x
1.71x
Revenue Growth %
93.83%
Operating Profit Growth %
100.58%
Net Profit Growth %
172.69%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
0.54
Book Value (₹)
4.82
Dividend per Share (₹)
0.25
Cash EPS (₹)
0.68
Operating Margin %
5.88%
Net Margin %
3.34%
ROE %
12.71%
ROCE %
11.42%
5.33%
Debtor Days
89
Inventory Days
31
Payable Days
39
81
Debt to Equity (x)
0.70x
Interest Coverage (x)
6.07x
1.88x
Revenue Growth %
27.00%
Operating Profit Growth %
15.48%
Net Profit Growth %
6.66%
-47.60%
P/E (x)
142.62x
P/B (x)
16.10x
Dividend Yield %
0.32%
75.45x
Mar 2025
EPS (₹)
1.45
Book Value (₹)
8.89
Dividend per Share (₹)
0.05
Cash EPS (₹)
1.71
Operating Margin %
8.24%
Net Margin %
4.84%
ROE %
21.46%
ROCE %
20.17%
9.51%
Debtor Days
63
Inventory Days
30
Payable Days
30
62
Debt to Equity (x)
0.38x
Interest Coverage (x)
7.17x
2.15x
Revenue Growth %
90.69%
Operating Profit Growth %
158.74%
Net Profit Growth %
176.54%
167.01%
P/E (x)
84.29x
P/B (x)
13.78x
Dividend Yield %
0.04%
48.04x

Shareholding Pattern

Numbers in percentages

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

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