EV-Chargers & Solar Solution Provider Incorporates Wholly Owned Subsidiary of Dream League of India (T10) Pvt Ltd
The stock is up 67 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of 15,688 per cent in 5 years.
Servotech Renewable Power System Ltd (NSE: SERVOTECH) has announced the incorporation of Dream League of India (T10) Private Limited (CIN: U93120DL2025PTC447280) as a Wholly Owned Subsidiary through its subsidiary, Servotech Sports And Entertainment Private Limited. This newly formed entity, with an authorised share capital of Rs 25,00,000 and a paid-up capital of Rs 10,00,000, falls under related party transactions as it is wholly owned by a subsidiary of Servotech Renewable Power System Ltd, with all transactions intended to be at arm's length. Dream League of India (T10) Private Limited belongs to the Sports & Entertainment industry and has been established as a Special Purpose Vehicle (SPV) to operate, promote, and develop various sports and games, including cricket, with the promoter group having an interest in this venture which is yet to commence its business operations.
Earlier, the company had clinched a significant Rs 15.8 crore order from the Waltair Division of East Coast Railway for a 4.1 MW on-grid rooftop solar project in Visakhapatnam, Andhra Pradesh. The contract tasks Servotech with the comprehensive scope of designing, manufacturing, supplying, installing, testing, and commissioning rooftop solar photovoltaic plants across various locations within the Waltair division. This project aligns with Indian Railways' commitment to embracing renewable energy and diminishing its environmental impact, while simultaneously bolstering Servotech's expanding presence in the public sector and demonstrating its proficiency in delivering substantial solar projects with stringent quality and efficiency.
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About the Company
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 which are compatible with different Electric Vehicles 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, our legacy is marked by proven innovations and the development of advanced technologies.
Total revenue increased by 315.3 per cent to Rs 21,683.2 lakh from Rs 5,220.6 lakh in the same quarter last year. Additionally, PAT increased significantly by 616.8 per cent to Rs 798.7 lakh from Rs 111.4 lakh. Revenue reached Rs 52,934.0 lakh in 9MFY25, up 142.1 per cent from Rs 21,861.0 lakh in 9MFY24. PAT also grew substantially, increasing by 184.1 per cent to Rs 2,371.9 lakh from Rs 834.8 lakh in 9MFY25 over 9MFY24.
The company has delivered good profit growth of 30 CAGR over the last 5 years, and its median sales growth is 22.5 per cent over the last 10 years with a market cap of over Rs 2,900 crore. The stock is up 67 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of 15,688 per cent in 5 years. Investors should keep an eye on this multibagger stock.
Disclaimer: The article is for informational purposes only and not investment advice.