EV-Charger Manufacturer & Solar Solution Provider-Servotech Renewable Power incorporates new subsidiary in Dubai

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EV-Charger Manufacturer & Solar Solution Provider-Servotech Renewable Power incorporates new subsidiary in Dubai

The stock is up by 32 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of over 5,400 per cent in 5 years.

Servotech Renewable Power System Limited (formerly Servotech Power Systems Limited) has announced the incorporation of a new subsidiary, Servotech Renewable International -FZCO, in Dubai on October 11, 2025. This move aims to expand the company's business in the UAE in the Electric Vehicle (EV) Charging Station and Solar Energy System industries. Servotech Renewable Power System Limited will hold a 75 per cent equity shareholding in the new subsidiary, with an initial capital investment (cost of subscription) of AED 75,000 in cash.

The company has also secured a significant contract for a 2.58 MW grid-connected rooftop solar project from the South Eastern Railway, Ranchi Division. This project underscores Indian Railways' commitment to its net-zero carbon emissions goal and demonstrates its continued confidence in Servotech's expertise. The company will manage the entire project lifecycle, encompassing design, manufacturing, supply, installation, testing, and commissioning of solar panels across various locations in the Ranchi Division, further solidifying Servotech's contribution to India’s clean energy transition.

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About the Company

Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. Leveraging over two decades of expertise in electronics, they design and develop a wide array of AC and DC chargers compatible with various electric vehicles for both commercial and domestic applications. With their robust engineering capabilities, Servotech aims to be a key contributor to India's burgeoning EV infrastructure, solidifying their legacy as a trusted brand known for innovation and technological advancements across the country.

In Q1FY26, the company reported significant financial growth. Total Revenue increased by 21.99 per cent to Rs 13,716.54 lakh from Rs 11,243.92 lakh in Q1 FY25. EBITDA also saw a substantial rise of 26.87 per cent, reaching Rs 1,083.18 lakh compared to Rs 853.74 lakh in the previous fiscal year. Profit After Tax (PAT) grew by 1.36 per cent, amounting to Rs 455.05 lakh in Q1FY26, up from Rs 448.94 lakh in Q1FY25.

FIIs bought 2,63,041 shares in Q1FY26 and increased their stake to 2.99 per cent compared to Q4FY25. The company has a market cap of over Rs 2,800 crore. The stock is up by 32 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of over 5,400 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.