BSE: 544291 · ISIN INE0VN801010
RAJESH POWER SERVICES LIMITED stock analysis
RAJESH POWER SERVICES LIMITED ranks #383 in the TickerSutra evidence-ranked universe with a score of 66/100 and 85% data confidence. The latest captured fundamentals show ROCE of 48.6%, quarterly sales growth of 30.4% and quarterly profit growth of 32.2%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 48.6%
- 98.9% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹147cr | ₹11cr | ₹3cr | 8.0% |
| 2023 | ₹207cr | ₹14cr | ₹7cr | 7.0% |
| 2024 | ₹285cr | ₹35cr | ₹26cr | 12.0% |
| 2025 | ₹1,072cr | ₹125cr | ₹87cr | 12.0% |
| 2026 | ₹1,628cr | ₹197cr | ₹138cr | 12.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Intimation for Closure of Trading Window form Thursday, October 1,2026 till 48 hours after declaration of Unaudited results for half year ended on September 30,2026.
RoutineRajesh Power Services Ltd - 544291 - Announcement under Regulation 30 (LODR)-Newspaper PublicationBSE · 25 Sept 2026Submission of copy of Newspaper Advertisement for Variation of Objects of Utilization of Initial Public Offering ("IPO")
RoutineRajesh Power Services Ltd - 544291 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 25 Sept 2026Scrutinizer Report and E Voting Results for Annual General Meeting held on September 24,2026.
RoutineRajesh Power Services Ltd - 544291 - Reg. 34 (1) Annual Report.BSE · 10 Sept 2026Annual Report for Financial Year 2025-26 ( Revised)
MANAGEMENT COMMENTARY
Signals from filed documents
EBITDA grew to ` 197.16 crore, with Y-o-Y growth of 59.14%. Our return on capital employed stood at 43.6% and return on equity at 35.26% signifying efficient capital deployment and strong operational leverage. Powering the Future Grid In FY 2025-26, the Company achieved a significant strategic milestone by entering the Battery Energy Storage System (BESS) segment.
Continued policy support is expected to underpin private consumption as well as investment in manufacturing and infrastructure. However, persistent weakness in the property sector remains a key concern, and export growth is likely to slow following the front-loaded shipments undertaken ahead of the United States tariff increases in 2025. In comparison to regional peers, China remains relatively less exposed to potent
Threats • Escalation in commodity prices, particularly steel, aluminium, copper, and other key inputs, may affect project economics. • Regulatory changes, policy shifts, or delays in government programme implementation could impact sector growth. • Intense competition within the EPC and infrastructure execution segments may exert pressure on margins.
VERTICAL 1: DISTRIBUTION Distribution- less than 66 kv RPSL’s deep expertise in underground distribution system design and implementation, including turnkey projects for Gujarat DISCOMs' overhead-to- underground and MVCC network conversions, and Greenfield power distribution network development strengthens its positions as a proven leader in power distribution. FY 26 Highlights: • Developed UG networks in major citie
H2FY26 Earnings Conference Call 23.04.2026 Management So, we are confident on the execution, like we did this year. We are confident on achieving execution, executing the projects within the timeline of 18 to 24 months, which is the ideal timeline of our majority of our projects. We are confident that few projects will be mobilized in the next 2 months.
Distribution Intelligence SCADA and Full ADMS extending to RMU, FPI, and FRTU at feeder level, backed by hardware stack Technology Layer (SCADA + AI) AI-based demand forecasting under pilot deployment with DISCOMs Our Growth Architecture 1. Geographic Expansion Segment Key Highlight Gujarat-Transmission & Distribution Significant T&D opportunity driven by emerging solar clusters and grid infrastructure build-out Othe
Our engineering Risk 2 Annual Report 2025-26 040 ENGINEERING INDIA’S POWER INFRASTRUCTURE Risk 4 Risk 5 Risk 6 Execution Risk in Large-Scale and Multi-State Projects The Risk As RPSL expands its geographic footprint and takes on increasingly complex, multi-site EPC contracts, the execution risk profile of the business increases. Challenges related to local regulatory approvals, subcontractor management, and site-spec
The Company's ability to secure large projects from utilities and industrial customers reflects its strong execution track record and market credibility. DEBTORS TURNOVER RATIO - The decrease in the Debtors Turnover Ratio is primarily attributable to higher receivables aligned with the Company’s increased business scale and project execution, with collections remaining in line with the underlying credit cycle. CORPOR
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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