Servotech Power Systems ltd is one of the leading solar products and EV charger manufacturers in India. The company commands a market cap of Rs 1,729 crore [from Screener website]. So basically it's a small cap company.
This is a NSE listed company and in a filing the company has reported a surge of 13.89% on Q-o-Q basis and a growth of 27.49% on Y-o-Y basis, in its total revenue.
According to the company, the increase in its revenue and PAT was as result of growing demand for its solar and EV products. The company manufactures many other products too. Further the MD of the company has said that they have deployed more than 5,600 EV chargers.
FIIs are interested in this small cap stock. We have made a detailed analysis of the company. The company looks good in its fundamentals. But since it is a small cap we cannot expect the company to have huge free cash reserves or huge operating profit margins. But since they are among leading companies in EV charging solutions it adds on advantage.
Will you invest in this company?
Disclaimer:
Dear readers if you wish to buy the shares of the company do consult a SEBI registered advisor for investing or do your own research. I request readers to, not take buy or sell decision based on this blog post.
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