Servotech Renewable Power System Limited (SERVOTECH.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-1937.6%

-₹1,170.72

vs ₹63.71 price

Levered DCF

-₹1,266.84

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	41.82×	87.38×	150.83×	34.62×	41.59×	38.25×	20.22×	12.69×
P/B	4.87×	12.05×	12.51×	4.66×	3.71×	0.89×	0.45×	1.03×
P/S	2.09×	4.23×	5.02×	1.37×	1.2×	0.4×	0.19×	0.42×
EV / EBITDA	22.97×	49.82×	81.16×	21.67×	21.53×	11.12×	7.16×	7.25×
Gross margin	16.7%	13.2%	16.1%	17.3%	12.9%	13.5%	19.9%	21.7%
Operating margin	7.3%	7.4%	11.6%	9.3%	5.2%	3.9%	4.0%	6.8%
Net margin	5.0%	4.9%	3.3%	4.0%	2.8%	1.1%	0.9%	3.4%
Current ratio	1.46×	2.15×	1.88×	1.71×	1.74×	1.79×	1.74×	1.97×
Debt / equity	0.73×	0.33×	0.54×	0.53×	0.46×	0.68×	0.51×	0.43×
Interest coverage	4.03×	6.84×	12.97×	13.45×	3.07×	1.16×	1.27×	2.55×
Dividend yield	0.1%	0.0%	0.2%	0.1%	2.2%	0.0%	0.0%	0.0%
Payout ratio	3.4%	3.4%	36.2%	3.9%	93.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.7%	13.8%	8.3%	13.4%	8.7%	2.3%	2.2%	8.3%
Return on invested capital	7.2%	11.0%	13.5%	15.7%	7.8%	3.4%	4.3%	7.8%
Return on assets	4.9%	8.0%	4.3%	6.6%	4.5%	0.9%	1.0%	4.0%
Free cash flow yield	-8.4%	-2.8%	-1.4%	-9.7%	2.8%	3.4%	9.5%	2.3%
Earnings yield	2.4%	1.1%	0.7%	2.9%	2.3%	2.6%	4.9%	8.1%
Enterprise value	₹15.4B	₹28.9B	₹18.2B	₹4.1B	₹1.9B	₹613.3M	₹341.7M	₹517.1M
Net debt / EBITDA	2.09×	0.61×	1.94×	1.66×	2.36×	4.75×	3.71×	2.04×
Cash conversion cycle (days)	65	89	89	108	77	191	138	137