SERVOTECH

Servotech Renewable Power System Limited

Servotech Renewable Power System Limited (SERVOTECH) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment

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Key metrics

Price as of 2026-10-16

Stock price
₹69.60
Market cap
1,572 Cr
Stock P/E
42.0
P/B
5.49
Dividend yield
0.1%
ROE (FY26)
11.3%
ROCE (FY26)
10.6%
Operating margin (FY26)
7.3%
Debt / equity (FY26)
0.73
OCF / EBITDA (FY26)
-2.9%
OCF / EBITDA (3Y)
-39.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Servotech (Servotech Renewable Power System) makes EV chargers, solar inverters and battery energy storage systems (BESS), selling through a distributor and retailer network and to government turnkey solar projects.

Company snapshot

19thBy market cap

Ranked among 32 companies in Other Electrical Equipment.

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales86 Cr52 Cr136 Cr112 Cr200 Cr216 Cr146 Cr137 Cr106 Cr211 Cr217 Cr216 Cr
Operating expenses (approx.)81 Cr49 Cr131 Cr104 Cr181 Cr200 Cr134 Cr126 Cr100 Cr183 Cr195 Cr195 Cr
EBITDA5 Cr3 Cr6 Cr8 Cr19 Cr16 Cr12 Cr10 Cr6 Cr28 Cr23 Cr20 Cr
OPM %6.2%5.8%4.1%7.4%9.5%7.5%8.3%7.6%5.9%13.3%10.4%9.5%
Other income0.66 Cr0.19 Cr0.48 Cr0.25 Cr0.40 Cr0.53 Cr1 Cr0.42 Cr1 Cr0.47 Cr2 Cr0.51 Cr
Interest1 Cr0.61 Cr0.55 Cr1 Cr2 Cr2 Cr0.98 Cr2 Cr3 Cr3 Cr4 Cr5 Cr
Depreciation0.73 Cr0.75 Cr0.86 Cr0.96 Cr1 Cr2 Cr2 Cr2 Cr4 Cr5 Cr7 Cr6 Cr
Profit before tax4 Cr2 Cr5 Cr6 Cr15 Cr13 Cr11 Cr7 Cr0.53 Cr20 Cr14 Cr11 Cr
Tax %25.1%40.0%25.7%26.9%26.7%28.3%26.5%30.7%25.4%24.0%18.6%24.9%
Net profit3 Cr1 Cr3 Cr4 Cr11 Cr9 Cr8 Cr5 Cr0.40 Cr16 Cr11 Cr8 Cr
EPS (₹)₹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 (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales87 Cr144 Cr270 Cr354 Cr674 Cr672 CrSign in free for the trailing twelve months
Operating expenses (approx.)82 Cr135 Cr260 Cr333 Cr619 Cr604 CrSign in free for the trailing twelve months
EBITDA5 Cr9 Cr10 Cr21 Cr56 Cr67 CrSign in free for the trailing twelve months
OPM %5.6%6.3%3.7%5.9%8.2%10.0%Sign in free for the trailing twelve months
Other income0.91 Cr0.58 Cr9 Cr2 Cr2 Cr4 CrSign in free for the trailing twelve months
Interest3 Cr2 Cr2 Cr3 Cr7 Cr12 CrSign in free for the trailing twelve months
Depreciation1 Cr2 Cr2 Cr3 Cr6 Cr18 CrSign in free for the trailing twelve months
Profit before tax1 Cr6 Cr14 Cr16 Cr45 Cr41 CrSign in free for the trailing twelve months
Tax %20.2%27.4%23.4%27.0%27.2%23.3%Sign in free for the trailing twelve months
Net profit0.92 Cr4 Cr11 Cr12 Cr33 Cr32 CrSign in free for the trailing twelve months
EPS (₹)₹0.51₹2.15₹1.04₹0.54₹1.46₹1.49Sign in free for the trailing twelve months
Dividend payout %—8.9%3.8%36.0%3.4%3.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr19 Cr21 Cr22 Cr22 Cr23 Cr
Reserves21 Cr28 Cr61 Cr120 Cr214 Cr265 Cr
Borrowings25 Cr19 Cr42 Cr73 Cr75 Cr209 Cr
Other liabilities34 Cr24 Cr42 Cr62 Cr97 Cr180 Cr
Total liabilities98 Cr89 Cr167 Cr277 Cr410 Cr685 Cr
Fixed assets (net)9 Cr9 Cr20 Cr29 Cr66 Cr153 Cr
CWIP——0.02 Cr15 Cr3 Cr0.74 Cr
Investments——2 Cr2 Cr17 Cr15 Cr
Inventories15 Cr14 Cr21 Cr39 Cr71 Cr60 Cr
Trade receivables40 Cr28 Cr86 Cr86 Cr145 Cr219 Cr
Cash & bank0.02 Cr0.14 Cr12 Cr33 Cr14 Cr2 Cr
Other assets34 Cr39 Cr26 Cr73 Cr94 Cr234 Cr
Total assets98 Cr89 Cr167 Cr277 Cr410 Cr685 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1 Cr8 Cr-24 Cr0.76 Cr-55 Cr-2 Cr
Cash from investing0.25 Cr-2 Cr-13 Cr-26 Cr-16 Cr-114 Cr
Cash from financing-1 Cr-0.54 Cr45 Cr75 Cr48 Cr144 Cr
Net cash flow0.25 Cr5 Cr8 Cr50 Cr-24 Cr28 Cr
Free cash flow (OCF − Capex)1 Cr5 Cr-24 Cr-25 Cr-74 Cr-105 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.3%12.3%13.5%9.0%16.7%10.6%
ROE %2.4%8.8%13.5%8.3%13.8%11.3%
Debtor days169701168978119
Inventory days724132474544
Days payable5133364834103
Cash conversion cycle18977111898959
OCF / EBITDA %24.9%82.6%-245.8%3.7%-99.7%-2.9%
OCF / EBITDA % (3 years)——-65.4%-40.3%-91.5%-39.4%
Debt / equity0.640.410.510.510.320.73
Current ratio1.791.741.711.882.151.46
Net debt / EBITDA5.18—3.071.931.103.08