13,500 Per cent Multibagger Returns: This EV Infrastructure Company Bags Order from Nashik Municipal Corporation to Expand EV Charging Infrastructure

The company’s shares have delivered an impressive return of over 900 per cent in the past 2 years.

Today, this Small-Cap company which is a leading name in the EV charging and solar industry, has successfully secured an additional order from the Nashik Municipal Corporation (NMC) to enhance the city’s electric vehicle (EV) charging infrastructure. This new order comes after the company’s successful execution of a previous contract involving the construction of 20 EV charging stations in Nashik.

With the latest order, Servotech Power Systems Ltd will now supply, commission, and construct a total of 29 EV charging stations across the Nashik Municipal Corporation area.

Enhancing EV Charging Accessibility

This initiative reflects the growing demand for convenient EV charging solutions in Nashik. By developing a robust and accessible charging network, Servotech aims to simplify the EV recharging process, enabling seamless intercity and interstate travel for electric vehicle users. Servotech will manage the installation, supply, and maintenance of the charging stations, positioning itself as a crucial player in India's EV infrastructure development.

Commitment to Sustainability

Servotech’s partnership with NMC aligns with the national goal of promoting a sustainable EV ecosystem. The initiative is expected to contribute significantly to cleaner transportation and reduced emissions in Nashik, enhancing the overall EV ownership experience.

As the EV market continues to expand, Servotech's dedication to high-speed, reliable charging solutions is setting a new benchmark in India’s electric vehicle charging landscape.

Share Performance

Today, the company’s shares closed at around Rs 170.43 and the current market capitalization stands at Rs 3,800 crore. Additionally, the shares have delivered an impressive multibagger return of over 120 per cent in the past 1 year only.

Financial Performance

As per the Quarterly Results, in the Q1 FY25, Servotech Power Systems Ltd recorded a revenue of Rs 97.51 crore compared to Rs 68.14 crore. It reported an operating profit of Rs 8.45 crore with a margin of around 8.70 per cent compared to Rs 6.72 crore in the same quarter last year. The net profit stood at Rs 4.74 crore compared to Rs 4.03 crore.

Disclaimer: The article is for informational purposes only and not investment advice.