EV-Chargers & Solar Solution Provider Stock Jumps 6.6 Per Cent On May 05; Do You Own It?
The stock is up 72 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of 14,330 per cent in 5 years.
On Monday, shares of Servotech Power Systems Ltd jumped 6.6 per cent to Rs 129.87 per share from its previous closing of Rs 121.84 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.
Servotech Renewable Power System Ltd (NSE: SERVOTECH), India's leading innovator in renewable energy, smart power solutions and EV Chargers, is proud to announce the appointment of distinguished entrepreneur and global business strategist Errol Musk to its Global Advisory Board. Under this landmark partnership, Musk will play a pivotal role in advancing Servotech's strategic vision for global growth, sustainability leadership, and AI-driven innovation. His appointment aligns with Servotech's ambitious "Vision 2027" goal to transform the renewable energy landscape across India and key international markets. Errol Musk, renowned for his contributions to the fields of technology, infrastructure, and sustainable development, will provide strategic advisory support to Servotech's leadership team. His mandate includes guiding high-impact media engagement, investor relations, and government interface programs.
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Mr. Musk's advisory engagement with Servotech will encompass a multifaceted approach, beginning with a comprehensive tour of their Indian manufacturing facilities. He will actively participate in strategic roundtable discussions with key governmental and investor stakeholders, contribute to quarterly Global Advisory Board meetings, and amplify Servotech's innovative prowess through media and press engagements, as well as promotion via his social media channels. To deepen his understanding of the region, his itinerary includes visits to significant cultural landmarks such as Varanasi and the Ayodhya Ram Mandir. His advisory role commences immediately, with his initial Indian visit and strategic engagements planned for the upcoming months.
Earlier, the company incorporated of Dream League of India (T10) Private Limited, 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.
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 72 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of 14,330 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.