An emerging EV(electronic vehicle)theme company,will it be a multibagger?..Read here
About the company
The company is promoted by Mr. Raman Bhatia and Ms. Sarika Bhatia, and manufactures LED lighting solutions,UPS (uninterruptible power supply) systems, inverters, and batteries
The company was incorporated in 2004 and was listed in NSE at its emerging portal in 2017.
Servotech Power Systems Ltd has been working with PSU through tenders and has achieved remarkable position.
Business &Products Category :
The company's product range are as follows:
1)Medical Grade Oxygen concentrators
2)UV-C Disinfectant
a) UV Disinfection Lamp
b) UV Disinfection Hand Held
c) UV Disinfection Lamp Truck
c) STERILIZATION LAMP
d) UV DISINFECTION LAMP
a) UVC ROBOTRUK
e) UVLEN
3) SOLAR LIGHTING AND PANEL
4)LED LIGHT(With brand name SAARA)
Financials :
Company's sales in the quarter ended september 2021 was Rs.51.44 cr ,which is a 300% growth over quarter ended Sept 2020, of Rs 17.08 cr. whereas the profit(PBT) was Rs.2.42cr in quater ended Sept 2021(quater ended sept 2020 was loss of Rs. 1.84 cr).
Source:Company Website & Reports
News &Update
1)SERVOTECH POWER SYSTEMS LIMITED FORAYS INTO THE EV MARKET(As declared by company on 5th jan 2022)
The company has declaed to NSE on 5th Jan 2022 that it is foraying into EV market.
The company in its declartion has said:
In order to facilitate the establishment of highly advanced EV charging
technological infrastructure, Servotech Power Systems Limited announces
its strategic foray into the EV market and initiates the manufacturing
of smart-tech driven innovative EV chargers for installation at various
EV Charging stations across the country. The decision of providing
advanced EV Charging equipment and playing a pivotal role in aiding the
creation of EV charging infrastructure is in line with the Company's
vision of developing solutions in accordance with the Government's Make
in India initiative and ste ering the nation towards a greener and
sustainable future. Holding high leve ls talks with key officials from
several major PSUs and Nodal Authorities on a regular basis, the Company
is currently devising new strategies to focus on the crucial aspects and
issµes that are required to be addressed and execute its plan in a
phased manner. To act as an end-to-end solutions provider for the
installation of the EV Chargers, Servotech is presently gearing up its
tech apparatus, aggressively.
2) SERVOTECH POWER SYSTEM joins had with Electra Ev(Press Release by company on 2.04 2024
Recently the company has announced in a press release that it has collaborated with Electra EV for innovative EV charging Technologies to create India's first fast charging interoperability solution between GB/T and CCS2 protocals
Source:Company Website & announcements.
Analysis and views :
Pros
The current market cap of the company is just Rs.205 cr with a cmp of Rs.112. As the company has forayed into the EV charging market, which has a huge potential,this could give a good growth for the company and it can give a huge return going forward
Cons:
The operating profit margin of the company is low, around 6% and the stock PE is high around 70.
But PE can get adjusted if there is a rise in profit with company constantly innovating and digging new market and foraying ito new product.
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