Arthneeti

Servotech Renewable Power System Q1 FY27 Share Price & Earnings Call Analysis

₹64.81-1.16% today
Market cap
₹1,464 Cr
P/E
39.07
ROE
12.81%
PEG
0.87
Price to sales
1.96
Debt to equity
0.73
52W high / low
₹146 / ₹62.3
Sales growth (5Y)
50.49%
EBITDA margin
10.29%
Net profit margin
4.72%
Promoter holding
58.61%
Sales (last year)
₹751 Cr

Incorporated in 2004, Servotech Renewable Power System Ltd. manufactures EV Chargers, Solar Products, and Power & Backup Products[1]

Guidance scorecard · Q1 FY27 call

What Servotech Renew's management guided
and where it ranks in Electrical Equipment

#12of 58 in
Electrical Equipment
Revenue40%+MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

40%+
  • Strong growth momentum expected, building on a 66.31% standalone revenue increase in Q1 FY27 to ₹208.10 crore from ₹125.14 crore in Q1 FY26.
  • Capacity expansion underway, including a new plant in Haryana and plans to increase battery energy storage system (BESS) production capacity 2x in 6 months, 3x by March 2027, and 10x in 2 years.
  • Order execution largely from previous quarters; new orders expected to contribute significantly in coming quarters.
  • Focus on expanding channel distribution across South, North, and Northeast India to boost market penetration and sales.
  • Emphasis on disciplined, sustainable long-term growth with investments in manufacturing, new product lines, and operational excellence.

2 more points from Servotech Renew's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Servotech Renew said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Servotech is working on expanding battery energy storage system (BESS) capacity, which is expected to significantly improve EBITDA due to high capital consumption focused on large plants.
  • Current capital consumption is substantial but returns are good; investments declared are not expected to exceed the current plan.
  • They plan to double battery production capacity within 6 months, triple it by March 21, 2027, and achieve a 10X increase in capacity within 2 years.
  • A new plant is being set up following an MoU with the Haryana government, aimed at increasing production to meet unmet demand.

2 more points from Servotech Renew's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Servotech Renew said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The order book scenario has changed significantly; confirmed government orders and project sizes are shrinking gradually.
  • The business model now focuses on channel partnerships rather than relying on large, confirmed order books on paper.
  • Due to this, a large order book does not appear on paper. A strong pipeline is prepared via production, marketing, and sales efforts.
  • The pipeline is strong, with a very low likelihood of significant order cancellations.

2 more points from Servotech Renew's call on the order book

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Full Q1 FY27 analysis
Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Servotech Renew rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

Sign up free to see every company in the sector ranking and track Servotech Renew.

Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of Servotech Renew

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Servotech Renew

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +9668675012198182181126123102202210
Expenses +886162471158916316511311193175188
Operating Profit8753581916131392622
OPM %9%10%8%6%4%9%10%9%10%10%9%13%10%
Other Income +0010000112112
Interest1111112212334
Depreciation1111111222444
Profit before tax7542461513111031915
Tax %21%25%25%40%26%25%26%27%25%25%27%24%21%
Net Profit +64313511108821512
EPS in Rs0.270.190.140.050.150.210.510.430.350.330.100.650.52

Financials of Servotech Renew

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +325181114888686134249305587637
Expenses +294773106828182125231285530567
Operating Profit3487745918205769
OPM %9%8%10%7%8%5%6%6%7%7%10%11%
Other Income +002110110225
Interest2322233223812
Depreciation1111111223615
Profit before tax1186411514164547
Tax %46%53%34%28%28%28%20%28%23%27%26%23%
Net Profit +0154311411113336
EPS in Rs0.200.241.960.220.160.040.050.200.500.521.491.61
Dividend Payout %0%0%0%0%0%0%0%10%24%10%3%1%

Financials of Servotech Renew

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital233181818181921222223
Reserves3411151819212760107202245
Borrowings +1721211716192519428175198
Other Liabilities +1117263424243422304985156
Total Liabilities3244608476799887153258384622
Fixed Assets +4779881112213267119
CWIP0000000001430
Investments0000000001214
Other Assets +2837547567718875132211313488
Total Assets3244608476799887153258384622

Financials of Servotech Renew

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-229-613113-27-1-51-11
Cash from Investing Activity +-0-3-7-4-0-20-8-11-24-16-71
Cash from Financing Activity +31012-4-1-1-1457039115
Net Cash Flow1-022-3004745-2833
Free Cash Flow-3-18-912111-38-26-68-75
CFO/OP-61%73%143%-57%30%70%25%154%-151%-6%-90%-7%

Financials of Servotech Renew

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days202131124140165184171741159687120
Inventory Days13613778556348753826494841
Days Payable151134106989291533029423689
Cash Conversion Cycle1871349696136142192831121039972
Working Capital Days182482670107971094151317548
ROCE %15%16%31%18%13%7%7%12%17%11%21%16%

Guidance history

How Servotech Renew's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →40%+FlatPlannedPlanned—
Q4 FY26 call →10–20%FlatPlannedPlanned—
Q3 FY26 call →20–40%FlatPlannedPlanned—
Q2 FY26 call →20–40%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

4out of 100

Momentum score · price trend

4 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−46.9%6%
Last 6 months−31.7%7%
Last 3 months−20.8%14%

The price is 66.7% below its all-time high of ₹194.38 (11 Oct 2024). Stocks more than 20% below their peak have their score halved, so 8 became 4.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Servotech Renew: 0.4 × 6 + 0.4 × 7 + 0.2 × 14 = 8, halved to 4 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Servotech Renew's management said in earlier quarters

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