16,000 Per Cent Multibagger Returns: This Energy Solution Stock Price Surge Over 14 Per Cent; Company Wins Rs 336 Million - 7.8 MW Solar Rooftop Project
In the last 12 months, the stock has given massive returns of 97 per cent. In the longer period of 5 years, the stock has given multibagger returns of 16,127 per cent.
Why Servotech Renewable Power System's Share Price Surged
On Wednesday, the share price of Servotech Renewable Power System surged over 14 per cent to an intraday high of Rs 168.5 as the company secured a new work order. As of 11:03 pm, the stock was trading at Rs 163.71, up by 11.14 per cent.
On a year-to-date basis, the stock has declined by 2.87 per cent, while in the last 3 months it is up by 32.75 per cent. In the last 12 months, the stock has given massive returns of 97 per cent.
In the longer period of 5 years, the stock has given multibagger returns of 16,127 per cent. The Company’s market capitalisation stands at Rs 3,724 crore.
Servotech Renewable Power System Order Details
Servotech Renewable Power System Ltd, a prominent manufacturer of solar solutions, has announced that it has been awarded a significant order for a 7.8 MW grid-connected solar rooftop project. The contract was secured from the Rangiya Division of the Northeast Frontier Railway.
The total value of this order is Rs 336 million. In addition to the solar installation, the project also includes a comprehensive 5-year Annual Maintenance Contract (AMC) or Comprehensive Annual Maintenance Contract (CAMC) for various buildings within the Rangiya Division. This project highlights Servotech's growing influence in India's renewable energy sector, particularly in large-scale infrastructure development. The installation of the 7.8 MW solar capacity is expected to significantly contribute to the Northeast Frontier Railway's sustainability initiatives by reducing its carbon footprint through the utilisation of clean, renewable energy.
Sarika Bhatia, Director, Servotech Renewable Power System Ltd., commented on the order win, "We are immensely proud to partner with the Northeast Frontier Railway on this crucial solar rooftop project. This order is a testament to Servotech's capabilities in delivering high-quality, reliable, and sustainable solar energy solutions. We are committed to supporting India's transition towards a greener future, and projects like these are vital in achieving that goal. Our comprehensive AMC/CAMC will also ensure the long-term efficiency and performance of the solar installations."
Financial Performance of Servotech Renewable Power System
In the Quarterly Results of March 2025, the company reported a revenue from operations of Rs 146.28 crore, reflecting a YoY growth of 7.42 per cent compared to Rs 136.17 crore in March 2024. The profit after tax (PAT) stood at Rs 7.72 crore, marking a 123.12 per cent increase from Rs 3.46 crore in the same quarter last year.
In FY25, the company posted a revenue from operations of Rs 674 crore, registering a 90.93 per cent growth compared to Rs 353 crore in FY24. The net profit for the year stood at Rs 33 crore, up 175 per cent from Rs 12 crore in the previous financial year.
About Servotech Renewable Power System
Servotech Renewable Power System Limited specialises in smart power solutions and smart LED lighting solutions. The company is involved in manufacturing and implementing solar solutions, including grid-connected solar projects. Their business spans from providing renewable energy infrastructure to offering comprehensive maintenance services for their installations.
Disclaimer: The article is for informational purposes only and not investment advice.