Solar-Powered EV Charging Infrastructure Stock In Focus As Company Rebrands For Emphasizing Commitment to Green Energy Solutions

The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 73 per share.

On Friday, shares of Servotech Power Systems Ltd gained 0.66 per cent to Rs 170.10 per share from its previous closing of Rs 168.98 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share. The company has a market cap of over Rs 3,750 crore. The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 73 per share. From Rs 0.76 to Rs 170.10 per share, the stock delivered multibagger returns of over 2,200 per cent in 5 years.

Servotech Power Systems Limited, a pioneer in the realm of power conditioning solutions, has embarked on a transformative journey by rebranding itself as Servotech Renewable Power System Limited. This strategic move underscores the company's unwavering commitment to sustainable energy solutions. Originally focused on power conditioning products, Servotech has steadily expanded its horizons to become a leading manufacturer of solar products and EV chargers. The rebranding reflects the company's alignment with its core vision, "Produce Green to Live Green," and its aspiration to drive the transition to a greener future.

More than just a name change, this rebranding signifies a comprehensive realignment of Servotech's focus. The company is now fully dedicated to developing and deploying innovative technologies that minimize environmental impact. With a strong emphasis on solar power and electric vehicle charging solutions, Servotech aims to unlock vast opportunities in the rapidly evolving energy landscape. By providing comprehensive and sustainable solutions, the company is poised to empower industries and communities to embrace a greener future, creating enduring value for its customers and the planet.

"We are incredibly excited to embark on this new chapter for Servotech," said Raman Bhatia, Founder & Managing Director of Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.). "Our roots are in power conditioning, but our future is in green energy. This rebranding to Servotech Renewable Power Systems Ltd. clearly communicates our unwavering commitment to driving the adoption of clean energy solutions and reflects our complete dedication to a sustainable future. We believe that producing green energy is essential for living green, and we are fully committed to this vision", added Bhatia

About the Company

Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Limited) is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. The company offer an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. The comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure.

In Q2FY25, the company witnessed stellar growth. Total revenue surged by 131 per cent, reaching Rs 20,006.93 lakh from Rs 8,659.09 lakh in Q2FY24. EBITDA increased by 223 per cent, reaching Rs 1,929.33 lakh from Rs 597.03 lakh. Net PAT soared by 260 per cent, reaching Rs 1,124.21 lakh compared to Rs 312.40 lakh in Q2FY24. Additionally, in H1FY25, the company witnessed strong growth. Revenue increased by 88 per cent, reaching Rs 31,250.85 lakh from Rs 16,640.45 lakh in H1FY24. EBITDA increased by 112 per cent, reaching Rs 2,783 lakh from Rs 1,309.93 lakh. Net PAT increased by 117 per cent, reaching Rs 1,573.14 lakh from Rs 723.38 lakh in H1FY24.

In October 2024, FIIs increased their stake to 5.95 per cent compared to 5.53 per cent in September 2024. Investors should keep an eye on this multibagger solar stock.

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