Servotech Power Systems Ltd

Servotech Power Systems Ltd

₹ 173 -2.90%
21 Nov - close price
About

Incorporated in 2004, Servotech Power System Ltd manufactures LED lights and Solar power products[1]

Key Points

Business Overview:[1]
SPSL is in the business of high-end solar products and EV chargers. It develops ultra
-fast DC chargers and Home AC chargers,
and has installed over 2400 EV chargers in collaboration with oil marketing companies

  • Market Cap 3,848 Cr.
  • Current Price 173
  • High / Low 205 / 73.0
  • Stock P/E 189
  • Book Value 7.34
  • Dividend Yield 0.03 %
  • ROCE 12.3 %
  • ROE 12.7 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 29.9% CAGR over last 5 years
  • Company's median sales growth is 22.5% of last 10 years

Cons

  • Stock is trading at 23.5 times its book value
  • Promoter holding has decreased over last quarter: -0.36%
  • Company has a low return on equity of 13.2% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
31 38 45 30 39 82 96 68 67 50 121 98 182
29 36 42 29 38 77 88 61 62 47 115 89 163
Operating Profit 2 2 3 1 1 6 8 7 5 3 5 8 19
OPM % 6% 5% 6% 4% 3% 7% 9% 10% 8% 6% 4% 9% 10%
0 0 -0 0 1 0 0 0 1 0 0 0 0
Interest 1 0 1 0 1 1 1 1 1 1 1 1 2
Depreciation 0 0 1 0 1 0 1 1 1 1 1 1 1
Profit before tax 1 1 2 0 1 5 7 5 4 2 4 6 15
Tax % 26% 26% 25% 26% 25% 25% 21% 25% 25% 40% 26% 25% 26%
1 1 1 0 1 4 6 4 3 1 3 5 11
EPS in Rs 0.04 0.05 0.06 0.02 0.04 0.17 0.27 0.19 0.14 0.05 0.15 0.21 0.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
26 34 32 51 81 114 88 86 86 134 249 305 450
25 31 29 47 73 106 82 81 82 125 231 285 415
Operating Profit 1 2 3 4 8 7 7 4 5 9 18 20 36
OPM % 6% 7% 9% 8% 10% 7% 8% 5% 6% 6% 7% 7% 8%
0 0 0 0 2 1 1 0 1 1 0 2 1
Interest 1 2 2 3 2 2 2 3 3 2 2 3 5
Depreciation 0 0 1 1 1 1 1 1 1 2 2 3 4
Profit before tax 1 1 1 1 8 6 4 1 1 5 14 16 28
Tax % 41% 62% 46% 53% 34% 28% 28% 28% 20% 28% 23% 27%
0 0 0 1 5 4 3 1 1 4 11 11 20
EPS in Rs 0.42 0.12 0.20 0.24 1.96 0.22 0.16 0.04 0.05 0.20 0.50 0.52 0.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 10% 24% 10%
Compounded Sales Growth
10 Years: 25%
5 Years: 28%
3 Years: 52%
TTM: 43%
Compounded Profit Growth
10 Years: 46%
5 Years: 30%
3 Years: 115%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: 180%
3 Years: 315%
1 Year: 129%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.78 2 2 3 3 18 18 18 18 19 21 22 22
Reserves 3 2 3 4 11 15 18 19 21 27 59 70 141
9 12 17 21 21 17 16 19 25 19 42 81 73
3 5 11 17 26 34 24 24 34 22 31 86 75
Total Liabilities 16 20 32 44 60 84 76 79 98 87 153 258 312
1 4 4 7 7 9 8 8 11 12 21 32 53
CWIP 0 0 0 0 0 0 0 0 0 0 0 14 0
Investments 0 0 0 0 0 0 0 0 0 0 0 1 2
14 17 28 37 54 75 67 71 88 75 132 211 257
Total Assets 16 20 32 44 60 84 76 79 98 87 153 258 312

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 -1 -2 2 9 -6 1 3 1 13 -27 -1
0 -2 -0 -3 -7 -4 -0 -2 0 -8 -11 -25
1 2 3 1 0 12 -4 -1 -1 -1 45 71
Net Cash Flow 0 -0 1 -0 2 2 -3 0 0 4 7 45

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105 79 202 131 124 140 165 184 171 74 115 96
Inventory Days 82 100 136 137 78 55 63 48 75 38 26 49
Days Payable 53 52 151 134 106 98 92 91 53 30 29 42
Cash Conversion Cycle 134 126 187 134 96 96 136 142 192 83 112 103
Working Capital Days 138 116 182 121 78 92 145 157 186 76 101 112
ROCE % 18% 16% 15% 16% 31% 18% 13% 7% 7% 12% 17% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.46% 69.12% 69.12% 69.03% 60.59% 60.60% 60.60% 60.60% 60.60% 61.35% 59.70% 59.34%
0.00% 0.00% 0.00% 0.00% 9.42% 9.40% 9.42% 8.86% 4.82% 2.45% 5.53% 5.95%
29.54% 30.88% 30.88% 30.97% 29.99% 29.99% 29.97% 30.53% 34.58% 36.19% 34.77% 34.71%
No. of Shareholders 2,9062,9453,1793,2994,2668,18318,89134,33255,5151,49,1291,50,5911,83,797

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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