9,150% Multibagger Returns: Shares of Solar Solutions and EV Charger Manufacturer Jump 11% on June 24
The stock is up 78.33 per cent from its 52-week low of Rs 86.10 per share and delivered multibagger returns of 9,150 per cent in 5 years.
On Tuesday, shares of Servotech Power Systems Ltd jumped 11 per cent to Rs 153.55 per share from its previous closing of Rs 138.32 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.
Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.) is an NSE-listed organisation that develops tech-enabled EV Charging solutions, leveraging its over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers that are compatible with different electric vehicles and serve multiple applications, both 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, our legacy is marked by proven innovations and the development of advanced technologies.
Servotech Renewable Power Systems Limited (Servotech) is acquiring a 27 per cent stake in Rhine Solar Limited for Rs 12.15 crore, a move aimed at bolstering Servotech's backward integration in the solar business. This strategic investment, involving the purchase of 9,50,106 shares at Rs 127.88 each, is expected to close within 90 days. Rhine Solar, specializing in solar products, saw its turnover grow to Rs 82.41 crore in FY 2024-25 from Rs 60.01 crore in FY 2023-24. This acquisition directly propels Servotech into PV module manufacturing through Rhine Solar's ALMM-approved facility, with plans to significantly expand its capacity from 100 MW to 600 MW by next year.
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In fiscal year 2025, the company demonstrated robust financial performance on a consolidated basis. Total revenue for the full year surged by 91 per cent to Rs 67,680.0 lakh, a significant increase from Rs 35,526.5 lakh in FY24. Concurrently, Profit After Tax (PAT) experienced an impressive 176.5 per cent rise, reaching Rs 3,263.7 lakh in FY25 compared to Rs 1,180.2 lakh in the previous year, with PAT margins improving from 3.3 per cent to 4.8 per cent. The fourth quarter of FY25 also showed positive trends, with total revenue growing by 7.9 per cent to Rs 14,746.0 lakh from Rs 13,665.4 lakh in Q4 FY24, and PAT more than doubling by 123.4 per cent to Rs 771.6 lakh from Rs 345.4 lakh in Q4 FY24.
The company has delivered good profit growth of 108 CAGR over the last 5 years and its median sales growth is 40.4 per cent over the last 10 years with a market cap of over Rs 3,300 crore. The stock is up 78.33 per cent from its 52-week low of Rs 86.10 per share and delivered multibagger returns of 9,150 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.