Solar solutions & EV Charger manufacturer – Multibagger stock hit upper circuit on January 16; FIIs increase stake
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 73.09 per share.
On Thursday, shares of Servotech Power Systems Ltd hit a 5 per cent upper circuit to Rs 153.09 per share from its previous closing of Rs 145.80 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.
Servotech Renewable Power System Ltd (Formerly known as Servotech Power Systems Ltd) is an NSE-listed organization that develops tech-enabled EV Charging and solar 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. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. As a trusted brand with a strong pan-India presence, its legacy is marked by proven innovations and the development of advanced technologies.
Recently, the company has secured a significant order of approximately 1,100 Grid-connected Agriculture Pumps under the KUSUM scheme from UPNEDA. This Rs 31 crore project will involve manufacturing, supplying, and installing solar pumps across Uttar Pradesh, contributing to the state's renewable energy goals. The company will provide comprehensive warranty and maintenance for these solar pumps, ranging from 2 HP to 5 HP, with corresponding solar plant capacities.
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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.
The company has a market cap of over Rs 3,300 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 73.09 per share. From Re 0.90 to Rs 153.09 per share, the stock delivered multibagger returns of over 16,910 per cent in 5 years. 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 stock.
Disclaimer: The article is for informational purposes only and not investment advice.