Servotech Power Systems Ltd (NSE: SERVOTECH) Share: The share of Servotech Power Systems Ltd is increasing constantly. The shares of the company reached the upper limit of 5 percent on Friday as well.
On Thursday, earlier in the day and on Budget Day also, there was an upper circuit with 5 percent of the share.
The share hit a 52-week record high of 100 percent in the present. There’s a major reason behind the rise in shares.
In making the interim budget presentation, Finance Minister Nirmala Sitharaman said regarding electric vehicle (EV) chargers that the government plans to extend the electric vehicle ecosystem to boost charging infrastructure as well as electric buses will be a priority for the public transportation network.
What Is The Opinion Of The Brokerage?
According to analysts of the stock market, this stock is increasing momentum because of the budgetary plans for the electric vehicle framework.
Because Servotech Power Systems Limited is one of the listed companies working with the EV concept, the stock is being purchased heavily.
A founder and Fund Manager of a renowned portfolio company, said that there was some growth is expected for green power.
Wind energy is extremely interesting to us because we invest in a company which is involved with wind power.
Board meetings of Servotech Power System are going to take place on the 6th of February 2024. The December quarter results will be announced at the upcoming meeting.
ServoTech Share Target
Shiju Koothupalakkal, Technical Analyst, Prabhudas Lilladher, on the prospects of Servotech shares, stated it was Servotech share holds a solid base at the Rs 88 level and the energy share face hurdles as it approaches the level of Rs 100.
As per this obstacle be cleared decisively, Servotech shares can go upwards to the price of Rs 112 per share. So, Servotech owners are advised to keep the shares and keep the trailing stop loss of around Rs 88.
The Result Of Orders From BPCL
This week, Servotech Power Systems gave information on the latest order from Bharat Petroleum Corporation Limited, also known as BPCL.
The company said it was aware BPCL was putting in an order for 120 crores of rupees to buy 1800 DC rapid electric chargers. This project entails Servotech production, distribution, and installation.
About Servotech Power Systems Ltd
Servotech Power Systems Limited is an Indian-based business that is involved in the manufacturing process from beginning to end, distribution, and acquisition of a wide range of innovative solar-powered medical devices, solar panels, and energy-efficient lighting solutions.
The company also participates in the manufacture of inverters that are powered by solar. The products of the company include Electric Vehicle (EV) Chargers and Light-emitting diodes (LEDs), Power and Backup, Solar Products, and many others.
Its EV Charger includes Spark Series (AC Charger) and Squad Series (DC Charger). It’s available for commercial and domestic LEDs.
The Solar Products offered by the company comprise solar panels, solar battery modules for solar energy management, assistance, and PCUs.
Fundamental Analysis of Servotech Power Systems Ltd
| Market Cap | ₹ 2,123 Cr. |
| Current Price | ₹ 99.85 |
| 52-wk High | ₹ 100 |
| 52-wk Low | ₹ 16.48 |
| Stock P/E | 123.02 |
| Book Value | ₹ 4.15 |
| Dividend | 0.04 % |
| ROCE | 17.7 % |
| ROE | 16.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 24.1 |
| OPM | 7.38 % |
| EPS | ₹ 0.77 |
| Debt | ₹ 47.3 Cr. |
| Debt to Equity | 0.54 |
Servotech Power Systems Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 106 | ₹ 138 |
| 2025 | ₹ 143 | ₹ 176 |
| 2026 | ₹ 183 | ₹ 200 |
| 2027 | ₹ 222 | ₹ 232 |
| 2028 | ₹ 242 | ₹ 250 |
| 2029 | ₹ 265 | ₹ 370 |
| 2030 | ₹ 342 | ₹ 360 |
Servotech Power Systems Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 88 Cr |
| 2020 | ₹ 86 Cr |
| 2021 | ₹ 86 Cr |
| 2022 | ₹ 134 Cr |
| 2023 | ₹ 311 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 3 Cr |
| 2020 | ₹ 1 Cr |
| 2021 | ₹ 1 Cr |
| 2022 | ₹ 4 Cr |
| 2023 | ₹ 16 Cr |
Last 3 Years’ Debt-To-Equity Ratio:
| 2021 | 0.64 |
| 2022 | 0.41 |
| 2023 | 0.51 |
Last 10 Years’ Profit Growth:
| 10 Years: | 41% |
| 5 Years: | 22% |
| 3 Years: | 130% |
| Current Year: | 403% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| Last Year: | 17% |
Sales Growth Over 10 Years:
| 10 Years: | 25% |
| 5 Years: | 17% |
| 3 Years: | 43% |
| Current Year: | 104% |
Conclusion
This article is a complete guide about Servotech Power Systems Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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