New Delhi: Servotech shares have recorded a rally of about 33 percent in the last three sessions. The company primarily deals in the renewable energy sector. The stock jumped after the comoany receive a 7.8 MW grid-connected solar rooftop project from the Rangia Division of Northeast Frontier Railways. Additionally, the company is in the news because of the latest visit of Errol Musk to India. Servotech founder and CEO Raman Bhatia met Elon Musk’s father.
Errol Musk is a member of the company’s global advisory board. On June 3, Errol met Bhatia. The meeting took place in the backdrop when the government has launched a new EV policy and Musk’s electric car company, Tesla, is going to enter Indian market. There exists a lot of similarities in the business of Musk and Servotech. Tesla is working on EV charger and solar energy project along with making electric cars. On the other hand, Servotech is engaged in the business of EV charger and solar energy.
A discussion between Mr. Errol Musk and Mr. Raman Bhatia (@servotechraman), Servotech’s Founder and MD highlights the potential for India to become a global leader in green technology.#ErrolMuskInIndia #ErrolMusk #MuskFoundation #AlexandraMusk#ElonMusk #GreenTechVision2025… pic.twitter.com/d5jtKfmgES
— Servotech Renewable Power System Ltd (@servotech_ltd) June 3, 2025
Should you buy Servotech shares?
According to Trendlyne’s stock analysis, this stock is currently in the selling zone in terms of P/E. If we look at the promoter holding of the company, Raman Bhatia currently holds a 30 percent stake in the company; however, the total promoter holding is more than 58 percent. Apart from this, FIIs hold about a 1.4 percent stake, while retail holds 38 percent. In the last three years, the holdings of promoters and FIIs in the company have decreased. However, on Trendlyne’s multi-parameter checklist, the company meets the important criteria in terms of financial health and consistent growth with a score of 56.5%. The stock is in a healthy condition, especially in terms of financial performance, ownership, peer comparison, and value and momentum.
Servotech Business
Founded in 2004, Servotech was listed in the market in 2021. Servotech manufactures solar products for Renewable Power System Limited, apart from providing end-to-end solutions for renewable energy projects, including EV chargers. Over the years, the company has strengthened its presence in the EV charging infrastructure and solar energy sector. According to Screener, with a market cap of Rs 3,678.12 crore, the company’s stock is currently at a P/E of 110. Apart from this, the price-to-book value ratio is around 16 times. The company has posted good results in FY25Q4; especially PAT has grown by 123.4 percent.
The company recorded profit growth at a rate of 108% CAGR in the last 5 years. The average sales growth of the company has been 40.4 percent in the last 10 years. However, there are some drawbacks attached to it. The company’s share is double the industry P/E. Servotech’s share is currently around 16.6 times its book value. The promoter holding of the company has declined by 10.2 percent in the last three years.
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Servotech’s stock price has skyrocketed by 33% in the past three sessions, fueled by a significant solar project win and a high-profile meeting between its CEO and Errol Musk. The company, involved in renewable energy and EV charging, is attracting attention due to its business similarities to Tesla and its strong financial performance despite some concerns about promoter holdings. Business Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
