SERVOTECH RENEWABLE POWER SYSTEM LIMITED

Cash flow Servotech Renewable Power System Limited

Stocks

SERVOTECH

INE782X01033

Electrical Components & Equipment

Market Closed - NSE India S.E. 07:05:09 2026-09-17 EDT			5-day change	1st Jan Change
72.27 ^INR	-1.32%		-6.89%	-9.12%

07-22	Servotech Renewable Power System Limited, Q1 2027 Earnings Call, Jul 22, 2026
07-20	Servotech Renewable Power System Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

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Published financial data: SERVOTECH RENEWABLE POWER SYSTEM LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	1.44B	2.78B	3.54B	6.74B	6.72B
Other Revenues, Total	-1K	-	1K	-	-1K
Total Revenues	1.44B	2.78B	3.54B	6.74B	6.72B
Cost of Goods Sold, Total	1.25B	2.3B	2.97B	5.64B	5.13B
Gross Profit	183M	480M	569M	1.11B	1.59B
Selling General & Admin Expenses, Total	59.29M	107M	155M	227M	339M
Depreciation & Amortization - (IS)	15.78M	21.29M	30.39M	58.65M	184M
Other Operating Expenses	28.7M	185M	204M	311M	574M
Other Operating Expenses, Total	104M	313M	390M	596M	1.1B
Operating Income	79.18M	167M	179M	510M	490M
Interest Expense, Total	-24.5M	-25.28M	-28.81M	-64M	-107M
Interest And Investment Income	1.72M	686K	7.16M	13.23M	31.55M
Net Interest Expenses	-22.78M	-24.6M	-21.66M	-50.77M	-75.24M
Income (Loss) On Equity Invest.	-	-	-	-	8.63M
Currency Exchange Gains (Loss)	-	4.43M	279K	-7.69M	4.05M
Other Non Operating Income (Expenses)	-	-2.3M	-2.7M	-3.47M	-13.74M
EBT, Excl. Unusual Items	56.4M	145M	155M	448M	413M
Gain (Loss) On Sale Of Investments	-	-	5.72M	-	-635K
Gain (Loss) On Sale Of Assets	-	-	602K	126K	13K
Other Unusual Items	-506K	-	-	-	-
EBT, Incl. Unusual Items	55.89M	145M	162M	448M	413M
Income Tax Expense	15.32M	33.72M	43.64M	122M	96.2M
Earnings From Continuing Operations	40.58M	111M	118M	326M	317M
Net Income to Company	40.58M	111M	118M	326M	317M
Minority Interest	-	-243K	-398K	981K	18.88M
Net Income - (IS)	40.58M	111M	118M	327M	336M
Net Income to Common Incl Extra Items	40.58M	111M	118M	327M	336M
Net Income to Common Excl. Extra Items	40.58M	111M	118M	327M	336M
Per Share Items
Net EPS - Basic	0.22	0.52	0.54	1.46	1.49
Basic EPS - Continuing Operations	0.22	0.52	0.54	1.46	1.49
Basic Weighted Average Shares Outstanding	187M	213M	218M	224M	225M
Net EPS - Diluted	0.22	0.52	0.54	1.45	1.45
Diluted EPS - Continuing Operations	0.22	0.52	0.54	1.45	1.45
Diluted Weighted Average Shares Outstanding	187M	213M	218M	226M	231M
Normalized Basic EPS	0.19	0.42	0.44	1.25	1.23
Normalized Diluted EPS	0.19	0.42	0.44	1.24	1.2
Dividend Per Share	0.02	0.2	0.05	0.05	0.02
Payout Ratio	-	-	36.16	3.4	3.37
Supplemental Items
EBITDA	93.31M	186M	207M	567M	673M
EBITA	79.18M	167M	179M	510M	490M
EBIT	79.18M	167M	179M	510M	490M
EBITDAR	98.98M	195M	215M	573M	711M
Total Revenues (As Reported)	1.44B	2.79B	3.55B	6.77B	6.75B
Effective Tax Rate - (Ratio)	27.4	23.32	26.99	27.16	23.3
Total Current Taxes	14.03M	35.74M	40.28M	117M	116M
Total Deferred Taxes	284K	-2.02M	573K	4.16M	-19.9M
Normalized Net Income	35.25M	90.14M	96.69M	281M	277M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	807K	372K	785K	3.77M	5.32M
Supplemental Operating Expense Items
Advertising Expense	4.12M	9.67M	13.51M	36.35M	26.44M
Selling and Marketing Expenses	4.12M	9.67M	13.51M	36.35M	26.44M
Research And Development Expense From Footnotes	884K	2.25M	4.17M	55.94M	48.53M
Net Rental Expense, Total	5.67M	8.78M	7.84M	6.58M	37.71M
Imputed Operating Lease Interest Expense	4.63M	5.47M	3.02M	4.38M	22.27M
Imputed Operating Lease Depreciation	1.04M	3.31M	4.82M	2.2M	15.44M
Maintenance & Repair Expenses, Total	5.4M	1.76M	-	32.65M	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	52.54M	119M	326M	143M	24.84M
Short Term Investments	150K	43.03M	338M	283M	82.16M
Total Cash And Short Term Investments	52.68M	163M	664M	425M	107M
Accounts Receivable, Total	277M	856M	864M	1.45B	2.95B
Total Receivables	277M	856M	864M	1.45B	2.95B
Inventory	138M	209M	389M	705M	599M
Prepaid Expenses	4.37M	4.85M	30.79M	25.27M	25.17M
Other Current Assets, Total	81.42M	49.17M	196M	478M	1.04B
Total Current Assets	553M	1.28B	2.14B	3.09B	4.72B
Gross Property Plant And Equipment	163M	280M	520M	830M	1.86B
Accumulated Depreciation	-70.01M	-82.01M	-83.63M	-137M	-320M
Net Property Plant And Equipment	92.54M	198M	436M	693M	1.54B
Long-term Investments	-	-	-	-	130M
Other Intangibles, Total	3.53M	6.46M	4.22M	3.16M	2.33M
Accounts Receivable Long-Term	218M	153M	152M	286M	420M
Deferred Tax Assets Long-Term	79K	2.1M	1.64M	-	-
Other Long-Term Assets, Total	26.76M	27.11M	26.76M	27.91M	36.64M
Total Assets	894M	1.67B	2.77B	4.1B	6.85B
Liabilities
Accounts Payable, Total	113M	235M	394M	543M	1.42B
Accrued Expenses, Total	22.85M	16.08M	26.18M	30.49M	56.32M
Short-term Borrowings	113M	336M	563M	568M	1.44B
Current Portion of Long-Term Debt	14.37M	12.28M	33.89M	48.01M	117M
Current Portion of Leases	-	-	-	5.72M	6.4M
Current Income Taxes Payable	13.96M	34.08M	39.05M	124M	75.05M
Unearned Revenue Current, Total	38.82M	68.06M	69.81M	92.92M	60.5M
Other Current Liabilities	1.57M	49.09M	12.64M	27M	46.76M
Total Current Liabilities	318M	750M	1.14B	1.44B	3.22B
Long-Term Debt	64.85M	75.19M	131M	136M	536M
Long-Term Leases	21.4M	12.69M	32.14M	21.53M	15.13M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	4.65M	5.59M	11.26M	14.57M
Deferred Tax Liability Non Current	-	-	-	22.04M	3.11M
Other Non Current Liabilities	27.13M	2.99M	37.57M	92.94M	99.02M
Total Liabilities	431M	846M	1.34B	1.72B	3.89B
Common Stock, Total	187M	213M	217M	225M	226M
Additional Paid In Capital	135M	350M	506M	1.14B	1.32B
Retained Earnings	141M	248M	322M	629M	989M
Comprehensive Income and Other	-	9.88M	373M	369M	344M
Total Common Equity	463M	821M	1.42B	2.37B	2.88B
Minority Interest	-	715K	2.39M	10.15M	79M
Total Equity	463M	822M	1.42B	2.38B	2.96B
Total Liabilities And Equity	894M	1.67B	2.77B	4.1B	6.85B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	183M	213M	217M	225M	226M
ECS Total Common Shares Outstanding	183M	213M	217M	225M	226M
Book Value / Share	2.53	3.86	6.54	10.53	12.75
Tangible Book Value	459M	815M	1.41B	2.36B	2.88B
Tangible Book Value Per Share	2.51	3.83	6.52	10.52	12.74
Total Debt	213M	436M	760M	779M	2.11B
Net Debt	161M	273M	95.5M	353M	2.01B
Debt Equivalent Oper. Leases	45.38M	70.26M	62.75M	52.66M	302M
Minority Interest, Total (Incl. Fin. Div)	-	715K	2.39M	10.15M	79M
Equity Method Investments, Total	-	-	-	-	130M
Account Code - Inventory Valuation	8	6	6	6	6
Inventories - Raw Materials, Total	76.5M	96.22M	255M	419M	396M
Inventories - Work In Process, Total	11.24M	19.18M	43.64M	37.21M	154M
Inventories - Finished Goods, Total	50.02M	93.16M	90.58M	249M	48.96M
Land - (BS)	30.97M	77.9M	80.36M	310M	312M
Buildings, Total	69.9M	109M	166M	123M	153M
Machinery, Total	61.68M	93.44M	127M	332M	1.35B
Full Time Employees	171	251	291	461	392
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	40.58M	111M	118M	327M	336M
Depreciation & Amortization - CF	14.13M	19.32M	28M	56.93M	183M
Depreciation & Amortization, Total	14.13M	19.32M	28M	56.93M	183M
Amortization of Deferred Charges, Total - (CF)	1.65M	1.96M	2.39M	1.72M	803K
Minority Interest in Earnings - (CF)	-	808K	1.58M	-	-
(Gain) Loss From Sale Of Asset	-	-	602K	-126K	-13K
Other Operating Activities, Total	22.39M	24.2M	24.69M	89.49M	157M
Change In Accounts Receivable	148M	-512M	2.74M	-701M	-907M
Change In Inventories	14.83M	-70.81M	-181M	-316M	107M
Change In Accounts Payable	-97.57M	98.96M	161M	142M	882M
Change in Other Net Operating Assets	-68.83M	84.52M	-151M	-154M	-778M
Cash from Operations	75.06M	-243M	7.64M	-554M	-19.43M
Capital Expenditure	-26.12M	-130M	-262M	-181M	-1.03B
Sale of Property, Plant, and Equipment	-	-	4M	610K	43K
Divestitures	-	-	-	-	44.85M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-122M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	2.11M	1.06M	-2.12M	17.5M	-27.77M
Cash from Investing	-24.02M	-129M	-260M	-163M	-1.14B
Long-Term Debt Issued, Total	-	231M	305M	23.74M	1.34B
Total Debt Issued	-	231M	305M	23.74M	1.34B
Long-Term Debt Repaid, Total	-9.06M	-	-	-4.89M	-5.72M
Total Debt Repaid	-9.06M	-	-	-4.89M	-5.72M
Issuance of Common Stock	32.68M	242M	523M	543M	233M
Common Dividends Paid	-	-	-42.53M	-11.14M	-11.29M
Common & Preferred Stock Dividends Paid	-	-	-42.53M	-11.14M	-11.29M
Other Financing Activities, Total	-28.99M	-18.2M	-31.6M	-72.68M	-121M
Cash from Financing	-5.37M	455M	754M	478M	1.44B
Miscellaneous Cash Flow Adjustments	-42K	-	-	-1K	-
Net Change in Cash	45.63M	82.97M	502M	-239M	282M
Supplemental Items
Cash Interest Paid	24.49M	25.28M	28.81M	64M	107M
Cash Income Tax Paid (Refund)	15.32M	36.78M	43.64M	86.39M	60.28M
Levered Free Cash Flow	182M	-453M	-360M	-750M	-1.72B
Unlevered Free Cash Flow	197M	-437M	-342M	-710M	-1.65B
Change In Net Working Capital	-158M	433M	223M	907M	1.11B
Net Debt Issued / Repaid	-9.06M	231M	305M	18.85M	1.34B

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	5.27	8.15	5.06	9.29	5.63
Return on Total Capital	7.4	10.8	6.52	11.95	7.44
Return On Equity %	9.47	17.27	10.52	17.19	11.87
Return on Common Equity	9.47	17.24	10.5	17.3	12.79
Margin Analysis
Gross Profit Margin %	12.73	17.24	16.09	16.4	23.63
SG&A Margin	4.13	3.84	4.38	3.36	5.05
EBITDA Margin %	6.49	6.69	5.86	8.4	10.02
EBITA Margin %	5.51	6	5.07	7.56	7.29
EBIT Margin %	5.51	6	5.07	7.56	7.29
Income From Continuing Operations Margin %	2.82	3.98	3.34	4.84	4.71
Net Income Margin %	2.82	3.97	3.33	4.85	5
Net Avail. For Common Margin %	2.82	3.97	3.33	4.85	5
Normalized Net Income Margin	2.45	3.24	2.73	4.17	4.13
Levered Free Cash Flow Margin	12.68	-16.27	-10.18	-11.13	-25.54
Unlevered Free Cash Flow Margin	13.74	-15.71	-9.68	-10.53	-24.55
Asset Turnover
Asset Turnover	1.53	2.17	1.6	1.97	1.24
Fixed Assets Turnover	16.12	19.16	11.06	11.95	6.02
Receivables Turnover (Average Receivables)	4.22	4.92	4.11	5.82	3.05
Inventory Turnover (Average Inventory)	8.64	13.31	9.93	10.3	7.87
Short Term Liquidity
Current Ratio	1.74	1.71	1.88	2.15	1.46
Quick Ratio	1.04	1.36	1.34	1.31	0.95
Operating Cash Flow to Current Liabilities	0.24	-0.32	0.01	-0.39	-0.01
Days Sales Outstanding (Average Receivables)	86.43	74.19	88.99	62.73	119.65
Days Outstanding Inventory (Average Inventory)	42.26	27.42	36.86	35.43	46.4
Average Days Payable Outstanding	32.75	26.77	36.54	28.71	71.4
Cash Conversion Cycle (Average Days)	95.95	74.85	89.3	69.45	94.64
Long Term Solvency
Total Debt/Equity	46.12	53.03	53.47	32.77	71.47
Total Debt / Total Capital	31.56	34.65	34.84	24.68	41.68
LT Debt/Equity	18.64	10.69	11.49	6.62	18.63
Long-Term Debt / Total Capital	12.75	6.99	7.49	4.99	10.86
Total Liabilities / Total Assets	48.24	50.72	48.61	42.03	56.81
EBIT / Interest Expense	3.23	6.61	6.23	7.97	4.59
EBITDA / Interest Expense	3.81	7.37	7.2	8.86	6.3
(EBITDA - Capex) / Interest Expense	2.74	2.24	-1.88	6.02	-3.35
Total Debt / EBITDA	2.29	2.34	3.66	1.37	3.14
Net Debt / EBITDA	1.72	1.47	0.46	0.62	2.98
Total Debt / (EBITDA - Capex)	3.18	7.7	-14	2.02	-5.91
Net Debt / (EBITDA - Capex)	2.39	4.83	-1.76	0.92	-5.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	65.15	93.83	27	90.69	-0.42
Gross Profit, 1 Yr. Growth %	55.42	158.12	18.1	118.62	39.35
EBITDA, 1 Yr. Growth %	66.39	96.64	10.13	170.14	18.37
EBITA, 1 Yr. Growth %	91.25	111.45	7.4	184.17	-3.94
EBIT, 1 Yr. Growth %	91.25	111.45	7.4	184.17	-3.94
Earnings From Cont. Operations, 1 Yr. Growth %	341.87	173.27	6.66	176.54	-2.97
Net Income, 1 Yr. Growth %	341.87	174	6.53	178.31	2.5
Normalized Net Income, 1 Yr. Growth %	307.84	157.14	7.45	190.55	-1.29
Diluted EPS Before Extra, 1 Yr. Growth %	333.29	153.66	3.85	168.52	0
Accounts Receivable, 1 Yr. Growth %	-31.53	209.38	1.01	68.22	102.89
Inventory, 1 Yr. Growth %	-9.72	51.4	86.59	81.28	-15.16
Net Property, Plant and Equip., 1 Yr. Growth %	7.95	114.13	114.9	58.72	122.42
Total Assets, 1 Yr. Growth %	-9.07	86.51	65.83	48.22	70.47
Tangible Book Value, 1 Yr. Growth %	16.46	77.39	72.62	67.05	21.78
Common Equity, 1 Yr. Growth %	17.35	77.44	72.81	66.78	21.72
Cash From Operations, 1 Yr. Growth %	522.01	-423.44	-103.15	-7.1K	-96.49
Capital Expenditures, 1 Yr. Growth %	-	397.01	101.54	-30.75	468.94
Levered Free Cash Flow, 1 Yr. Growth %	-333.64	-312.83	-20.52	108.34	128.58
Unlevered Free Cash Flow, 1 Yr. Growth %	-429.87	-295.1	-21.77	107.62	132.05
Dividend Per Share, 1 Yr. Growth %	-	900	-75	0	-60
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	28.03	78.92	56.9	55.62	37.8
Gross Profit, 2 Yr. CAGR %	-13.24	101.94	74.92	51.54	77.1
EBITDA, 2 Yr. CAGR %	40.56	82.31	47.93	73.47	79.09
EBITA, 2 Yr. CAGR %	43.75	100.89	50.69	74.7	65.22
EBIT, 2 Yr. CAGR %	43.75	100.89	50.69	74.7	65.22
Earnings From Cont. Operations, 2 Yr. CAGR %	123.29	247.49	70.54	71.74	63.8
Net Income, 2 Yr. CAGR %	123.29	247.11	70.67	72.19	68.9
Normalized Net Income, 2 Yr. CAGR %	114.49	222.94	66.08	76.69	69.35
Diluted EPS Before Extra, 2 Yr. CAGR %	122.23	222	62.3	66.99	63.87
Accounts Receivable, 2 Yr. CAGR %	-20.04	45.55	76.78	30.35	84.74
Inventory, 2 Yr. CAGR %	23.08	16.91	68.08	83.91	24.02
Net Property, Plant and Equip., 2 Yr. CAGR %	4.79	52.04	117.15	84.69	87.89
Total Assets, 2 Yr. CAGR %	6.25	30.23	75.87	56.78	57.4
Tangible Book Value, 2 Yr. CAGR %	11.66	43.72	75.51	69.81	42.63
Common Equity, 2 Yr. CAGR %	12.09	44.29	75.1	69.77	42.48
Cash From Operations, 2 Yr. CAGR %	65.42	348.53	-68.09	51.07	56.64
Capital Expenditures, 2 Yr. CAGR %	48.96	-	216.49	18.14	98.49
Levered Free Cash Flow, 2 Yr. CAGR %	438.22	141.13	30.06	28.68	118.23
Unlevered Free Cash Flow, 2 Yr. CAGR %	509.62	170.34	23.55	27.45	119.5
Dividend Per Share, 2 Yr. CAGR %	-	-	58.11	-50	-36.75
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.51	47.01	59.6	67.44	34.11
Gross Profit, 3 Yr. CAGR %	-14.62	25.47	69.08	81.2	48.8
EBITDA, 3 Yr. CAGR %	9.1	58.03	54.65	81.5	52.88
EBITA, 3 Yr. CAGR %	8.46	63.37	63.04	86.17	43.12
EBIT, 3 Yr. CAGR %	8.46	63.37	63.04	86.17	43.12
Earnings From Cont. Operations, 3 Yr. CAGR %	10.53	138.85	134.24	100.36	41.98
Net Income, 3 Yr. CAGR %	10.53	138.67	133.97	100.89	44.85
Normalized Net Income, 3 Yr. CAGR %	11.2	127.43	123.65	100.12	45.52
Diluted EPS Before Extra, 3 Yr. CAGR %	9.84	127.78	120.82	91.96	40.75
Accounts Receivable, 3 Yr. CAGR %	-11.56	25.53	28.86	73.88	51.06
Inventory, 3 Yr. CAGR %	5.86	31.88	36.63	72.37	42.11
Net Property, Plant and Equip., 3 Yr. CAGR %	4.3	32.98	72.02	95.61	96.49
Total Assets, 3 Yr. CAGR %	5.78	28.17	41.15	66.12	60.16
Tangible Book Value, 3 Yr. CAGR %	8.43	30.28	53.07	72.64	52
Common Equity, 3 Yr. CAGR %	8.71	30.63	53.22	72.28	51.94
Cash From Operations, 3 Yr. CAGR %	98.03	106.85	-14.13	94.71	-56.91
Capital Expenditures, 3 Yr. CAGR %	175.24	122.59	-	90.72	99.51
Levered Free Cash Flow, 3 Yr. CAGR %	373.28	316.18	66.57	52.18	55.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	165.07	335.04	78.82	46.88	55.63
Dividend Per Share, 3 Yr. CAGR %	-	-	-	35.72	-53.58
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.87	19.64	31.91	50.4	50.5
Gross Profit, 5 Yr. CAGR %	-10.75	9.17	14.12	35.41	68.25
EBITDA, 5 Yr. CAGR %	-2.05	19.35	23.62	64.38	64.37
EBITA, 5 Yr. CAGR %	-3.53	19.52	23.66	67.81	63.91
EBIT, 5 Yr. CAGR %	-3.53	19.52	23.66	67.81	63.91
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.1	22.94	31.47	109.24	103.01
Net Income, 5 Yr. CAGR %	-4.1	22.88	31.38	109.36	105.38
Normalized Net Income, 5 Yr. CAGR %	-5.83	21.2	30.41	105.52	100.11
Diluted EPS Before Extra, 5 Yr. CAGR %	-35.55	19.21	26.91	101.18	95.98
Accounts Receivable, 5 Yr. CAGR %	0.13	14.44	16.67	27.43	48.83
Inventory, 5 Yr. CAGR %	2.38	8.95	27.36	50.64	31.44
Net Property, Plant and Equip., 5 Yr. CAGR %	7.12	17.07	39.85	52.39	78.2
Total Assets, 5 Yr. CAGR %	8.2	14.67	29.63	38.92	47.44
Tangible Book Value, 5 Yr. CAGR %	28	19.79	31.46	45.02	48.81
Common Equity, 5 Yr. CAGR %	28.18	19.98	31.54	45.06	48.83
Cash From Operations, 5 Yr. CAGR %	-4.25	33.17	-4.59	82.42	9.99
Capital Expenditures, 5 Yr. CAGR %	25.04	31.47	191.06	72.77	-
Levered Free Cash Flow, 5 Yr. CAGR %	29.79	31.12	191.28	160.24	85.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.31	32.72	100.35	166.23	94.1