Servotech Power Systems Ltd

Servotech Power Systems Ltd

₹ 124 5.00%
24 Jul - 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 2,754 Cr.
  • Current Price 124
  • High / Low 130 / 69.5
  • Stock P/E 234
  • Book Value 6.54
  • Dividend Yield 0.03 %
  • ROCE 11.4 %
  • ROE 10.5 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 18.9 times its book value
  • Promoter holding has decreased over last quarter: -1.67%
  • Company has a low return on equity of 12.3% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
45.57 19.92 31.27 41.42 51.06 32.04 40.16 86.31 115.31 79.57 85.93 52.01 136.17
42.02 17.76 29.40 39.17 48.24 30.69 37.83 80.24 110.95 72.69 80.62 48.98 130.60
Operating Profit 3.55 2.16 1.87 2.25 2.82 1.35 2.33 6.07 4.36 6.88 5.31 3.03 5.57
OPM % 7.79% 10.84% 5.98% 5.43% 5.52% 4.21% 5.80% 7.03% 3.78% 8.65% 6.18% 5.83% 4.09%
-0.06 0.15 0.37 0.01 -0.01 0.03 0.08 0.05 4.67 0.25 0.66 0.19 0.48
Interest 1.11 0.72 0.73 0.47 0.53 0.48 0.63 0.55 0.72 0.93 1.07 0.61 0.55
Depreciation 0.36 0.35 0.35 0.36 0.51 0.43 0.73 0.38 0.59 0.71 0.73 0.75 0.86
Profit before tax 2.02 1.24 1.16 1.43 1.77 0.47 1.05 5.19 7.72 5.49 4.17 1.86 4.64
Tax % 14.85% 33.87% 25.86% 25.17% 25.99% 25.53% 24.76% 25.43% 21.63% 25.14% 25.18% 39.78% 25.65%
1.72 0.82 0.85 1.07 1.31 0.36 0.78 3.87 6.06 4.10 3.13 1.11 3.46
EPS in Rs 0.09 0.04 0.05 0.06 0.07 0.02 0.04 0.18 0.28 0.19 0.15 0.05 0.16
Raw PDF
Upcoming result date: 30 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
87 144 278 354
82 135 260 333
Operating Profit 5 9 19 21
OPM % 6% 6% 7% 6%
1 1 1 2
Interest 3 2 3 3
Depreciation 1 2 2 3
Profit before tax 1 6 14 16
Tax % 20% 27% 23% 27%
1 4 11 12
EPS in Rs 0.05 0.22 0.52 0.54
Dividend Payout % 0% 9% 23% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 60%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 121%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: 140%
3 Years: 306%
1 Year: 42%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 18 19 21 22
Reserves 21 28 60 120
25 19 42 73
34 24 43 62
Total Liabilities 98 89 167 277
11 12 22 46
CWIP 0 0 1 0
Investments 0 0 0 0
88 78 144 230
Total Assets 98 89 167 277

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 8 -24 2
-2 -2 -13 -27
-1 -1 45 75
Net Cash Flow 0 5 8 50

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 212 70 112 89
Inventory Days 75 40 33 48
Days Payable 115 33 37 48
Cash Conversion Cycle 172 77 108 89
Working Capital Days 175 72 94 97
ROCE % 12% 18% 11%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
70.26% 70.46% 69.12% 69.12% 69.03% 60.59% 60.60% 60.60% 60.60% 60.60% 61.35% 59.70%
0.00% 0.00% 0.00% 0.00% 0.00% 9.42% 9.40% 9.42% 8.86% 4.82% 2.45% 5.53%
29.73% 29.54% 30.88% 30.88% 30.97% 29.99% 29.99% 29.97% 30.53% 34.58% 36.19% 34.77%
No. of Shareholders 6802,9062,9453,1793,2994,2668,18318,89134,33255,5151,49,1291,50,591

* 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

Concalls