PM Surya Ghar Muft Bijli Yojana: Share of Servotech Power Systems Limited(NSE: SERVOTECH), a leading company of solar solutions and EV chargers, rose sharply on Tuesday.
This rise has come due to positive news about the company. Amidst this positive news, Servotech Power Systems stock rose more than 5 percent to Rs 142.85 on the second trading day of the week.
This is the 52-week high of the stock. The 52-week low of the stock was Rs 69.50 on 10 October 2023.
What Is The Good News?
Servotech Power Systems Limited’s reach has been significantly increased by signing up with 62 Discoms under the Pradhan Mantri – Surya Ghar Moft Bijli Yojana.
The strategic move strengthens Servotech’s position in renewable energy and also benefits consumers directly by allowing them to take advantage of government subsidies when purchasing solar solutions from Servotech.
The PM Surya Ghar Free Electricity Scheme received a tremendous response with over 1.28 crore registrations and 14 lakh applications.
Sarika Bhatia, an official of Servotech Power Systems Limited, said – We are happy to partner with Discom.
How Were The Quarterly Results?
Recently the company released the results for the quarter that ended in June. The revenue from the company’s operations increased by 41% to ₹ 112 crores compared to ₹ 79.57 crores.
Talking about EBITDA, it has increased by 20%. It has increased from ₹ 7.13 crores to ₹ 8.54 crores. The company’s gross profit has increased by 29%.
Talking about the net profit of Servotech Power Systems Limited has reached ₹ 4.49 crores. The increase in the price of Rs 4.11 compared with the same quarter last year is 9%.
Talking about the shareholding pattern of Servotech, the promoter holds a 59.70 percent stake. Public shareholding in the company was 40.30 percent.
Servotech Power Systems Stock Performance
| Market Cap | ₹ 3,291 Cr. |
| Current Price | ₹ 148 |
| 52wk High | ₹ 148 |
| 52wk Low | ₹ 69.5 |
| 5 days Return | 11.74% |
| 1 Month Return | 23.57% |
Company’s Fundamentals
| Stock P/E | 273 |
| Book Value | ₹ 5.93 |
| Dividend | 0.03 % |
| ROCE | 11.3 % |
| ROE | 10.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 24.9 |
| OPM | 6.55 % |
| EPS | ₹ 0.55 |
| Debt | ₹ 80.8 Cr. |
| Debt to Equity | 0.63 |
Servotech Power Systems Shareholdings
| Promoters | 59.70% |
| FII’s | 5.53% |
| DII’s | — |
| Govt. | — |
| Public | 34.77% |
Last 5 Years’ Sales (Figures in Rs. Crores)
| Year | Sales |
| 2020 | 86 |
| 2021 | 86 |
| 2022 | 134 |
| 2023 | 249 |
| 2024 | 335 |
Last 5 Years’ Net Profit (Figures in Rs. Crores)
| Year | Net Profit |
| 2020 | 1 |
| 2021 | 1 |
| 2022 | 4 |
| 2023 | 11 |
| 2024 | 12 |
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