Servotech Power Systems Ltd (NSE: SERVOTECH) Share: Today, in this post we’ll discuss about Servotech Power Systems latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
A new program of 500 crore rupees is being implemented to boost the use of electric vehicles in India.
As a result of the scheme, investors were attracted to stocks from Servotech Power Systems Limited, an electric transportation stock that is listed on the stock market company.
On the last trading day this stock climbed to an upper limit of 5 percent. The price reached 85.50.
On February 6, 2024, the share hit a 52-week high of the price of 108.70. The price of the stock on March 29, 2024, was 16.48.
It was also the lowest 52-week cost of the share. We can inform you that, according to experts in the stock market the stock could rise to Rs 112 soon.
What Is The New Strategy?
To accelerate the introduction of electric vehicles (EVs) across the country To further speed up the adoption of electric vehicles in India, government officials from the Ministry of Heavy Industries have announced an amount of Rs. 500 crore Electric Transport Promotion Scheme 2024 (EMPS 2024).
As part of EMPS 2024, support up to Rs 10,000 will be offered for two-wheelers.
The Government Will Assist
The purpose of the program is to help approximately 3.33 thousand two-wheelers.
The government will offer aid up to Rs.25,000 on the purchase of tiny three-wheelers (e-rickshaw and electronic cart).
In the scheme, incentives will be offered to over 41,000 of these vehicles. If the vehicle is a large three-wheeler Financial assistance is up to the amount of Rs. 50,000.
Plan Till 31st July
EMPS 2024 will be a limited-fund scheme. In this scheme, an overall amount of Rs 500 crore will be incurred for 4 months i.e. beginning on April 1 2024 through June 30, 2024, to ensure more rapid adoption of two-wheelers powered by electric (E-2W) or three-wheelers.
The program aims to help 372 215 electric vehicles. The scheme is expected to create many jobs.
About Servotech Power Systems Ltd
Servotech Power Systems Limited is an Indian-based business that is involved in the manufacturing process from beginning to end, distribution, and acquisition of a wide range of innovative solar-powered medical devices, solar panels, and energy-efficient lighting solutions.
The company also participates in the manufacture of inverters that are powered by solar. The products of the company include Electric Vehicle (EV) Chargers and Light-emitting diodes (LEDs), Power and Backup, Solar Products, and many others.
Its EV Charger includes Spark Series (AC Charger) and Squad Series (DC Charger). It’s available for commercial and domestic LEDs.
The Solar Products offered by the company comprise solar panels, solar battery modules for solar energy management, assistance, and PCUs.
Fundamental Analysis of Servotech Power Systems Ltd
| Market Cap | ₹ 1,818 Cr. |
| Current Price | ₹ 85.50 |
| 52-wk High | ₹ 109 |
| 52-wk Low | ₹ 19.0 |
| Stock P/E | 130 |
| Book Value | ₹ 4.15 |
| Dividend | 0.05 % |
| ROCE | 17.7 % |
| ROE | 16.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 20.6 |
| OPM | 8.28 % |
| EPS | ₹ 0.66 |
| Debt | ₹ 47.3 Cr. |
| Debt to Equity | 0.54 |
Servotech Power Systems Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 60.60% |
| June 2023 | 60.60% |
| Sept 2023 | 60.60% |
| Dec 2023 | 60.60% |
| Jan 2024 | 61.37% |
| FII Holding | |
| Mar 2023 | 9.40% |
| June 2023 | 9.42% |
| Sept 2023 | 8.86% |
| Dec 2023 | 4.82% |
| Jan 2024 | 4.74% |
| Public Holding | |
| Mar 2023 | 29.99% |
| June 2023 | 29.97% |
| Sept 2023 | 30.53% |
| Dec 2023 | 34.58% |
| Jan 2024 | 33.90% |
Servotech Power Systems Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 88 Cr |
| 2020 | ₹ 86 Cr |
| 2021 | ₹ 86 Cr |
| 2022 | ₹ 134 Cr |
| 2023 | ₹ 281 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 3 Cr |
| 2020 | ₹ 1 Cr |
| 2021 | ₹ 1 Cr |
| 2022 | ₹ 4 Cr |
| 2023 | ₹ 14 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | — |
| 2020 | — |
| 2021 | 0.64 |
| 2022 | 0.41 |
| 2023 | 0.51 |
Last 10 Years’ Profit Growth:
| 10 Years: | 41% |
| 5 Years: | 22% |
| 3 Years: | 130% |
| Current Year: | 134% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| Last Year: | 17% |
Sales Growth Over 10 Years:
| 10 Years: | 25% |
| 5 Years: | 17% |
| 3 Years: | 43% |
| Current Year: | 43% |
Conclusion
This article is a complete guide about Servotech Power Systems Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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