Rajesh Power Services Limited

Rajesh Power Services Limited

BBSE:RAJESH
766.45
INR
-21.55
(-2.73%)
13.61BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
81.53
115.05
158.25
662.59
903.78
- -
Basic EPS, GAAP
1.91
3.75
14.45
59.76
79.52
- -
Free Cash Flow per Basic Share
2.79
6.54
-8.99
-17.54
-24.21
- -
Dividend per Share
0.21
0.21
0.21
0.47
1
- -
Book Value per Share
29.04
32.57
46.45
147.09
225.56
225.56
Tangible Book Value per Share
28.89
32.57
46.45
147.09
225.54
225.54
Basic Weighted Avg Shares
18
18
18
16
18
18
Sales/Revenue/Turnover
1,468
2,072
2,850
10,715
16,275
- -
Operating Margin (%)
6.38
6.31
11.67
11.59
12.31
- -
Depreciation Expense
17
9
7
11
11
- -
Net Income, GAAP
34
68
260
966
1,432
- -
Effective Tax Rate (%)
21.72
21.47
23.6
21.06
26.81
- -
Profit Margin (%)
2.35
3.26
9.13
9.02
8.8
- -
Working Capital
441
480
512
1,147
988
988
LT Debt
455
438
528
490
456
456
Total Equity
523
587
836
2,649
4,062
4,062
Return on Invested Capital (%)
- -
9.06
17.93
39.15
33.57
- -
Return on Capital (%)
- -
10.52
22.39
40.52
34.16
- -
Return on Common Equity (%)
- -
12.17
36.58
55.45
42.68
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
289
204
816
LT Borrowings
490
620
456
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
16,973
26,818
13,613

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
3,499
4,109
5,796
Cash, Cash Equivalents & STI
225
11
22
Accounts Receivable, Net
1,817
1,740
3,488
Inventories
628
886
1,249
Total Current Liabilities
2,351
2,659
4,808
Payables & Accruals
- -
- -
- -
ST Debt
289
204
816
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
53.34%
Free Cash Flow
- -
- -
53.7%
Net Income, GAAP
- -
- -
48.19%
Sales/Revenue/Turnover
- -
- -
51.89%
Total Cash Common Dividend
- -
- -
136.65%

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,850
2025
- -
- -
10,715
2026
- -
- -
16,275

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
14.45
2025
- -
- -
59.76
2026
- -
- -
79.52

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.21
2025
- -
- -
0.47
2026
- -
- -
1

Company Description

CEO
Utsav Nehal Panchal
Full Time Employees
2,134
Sector
Industrial services
Industry
Engineering & construction
Address
Ahmedabad India
IPO Date
Dec 2, 2024
Business
Rajesh Power Services Limited is an India-based engineering, procurement, and construction (EPC) contracting and power infrastructure services company. Founded in 1971 and headquartered in Ahmedabad, Gujarat, the company provides comprehensive turnkey electrical solutions, project execution, and specialized technical consultancy services to state electricity boards, private power distribution utilities, renewable energy developers, industrial establishments, and commercial clients primarily across India. The company operates through three principal business segments: Power Transmission and Distribution EPC, Renewable Energy Solutions, and Utility Operation and Maintenance Services. The company's core products and service offerings comprise: engineering, procurement, laying, jointing, termination, and commissioning of extra-high-voltage (EHV), high-voltage (HV), and medium-voltage (MV) underground power cables using trenchless horizontal directional drilling (HDD) and conventional trenching methods; design, civil construction, erection, and commissioning of air-insulated switchgear (AIS) and gas-insulated switchgear (GIS) substations up to 400 kV; installation, reconductoring, and stringing of overhead power transmission and distribution lines; turnkey engineering, procurement, and construction of solar photovoltaic (PV) power projects, including utility-scale ground-mounted solar plants, commercial and industrial (C&I) rooftop solar installations, and solar agricultural feeders; comprehensive operation and maintenance (O&M) services for transmission lines, substations, switchyards, and solar power plants; specialized underground cable fault identification, localization, and high-voltage diagnostic testing services; smart grid modernization infrastructure, Advanced Metering Infrastructure (AMI), and Automated Meter Reading (AMR) deployment; geographic information system (GIS) based electrical asset mapping and network survey solutions; and the supply and integration of electrical control panels, power transformers, switchgears, and balance-of-system electrical hardware. In recent developments, Rajesh Power Services Limited successfully completed an Initial Public Offering (IPO) and listed its equity shares on the BSE SME platform to support capital expenditures, enhance working capital, and accelerate business growth. The company has undertaken the development of a greenfield manufacturing facility dedicated to producing specialized direct-current (DC) solar cables and high-voltage cable accessories to strengthen its integrated manufacturing and supply chain capabilities. In addition, the company has expanded its EPC order book under the Government of India's Revamped Distribution Sector Scheme (RDSS), securing large-scale turnkey contracts for distribution loss reduction, underground cabling, feeder separation, and smart metering implementations. The company has also expanded its renewable energy portfolio through new agreements for distributed solar projects and upgraded its technical field fleet with advanced mobile cable diagnostic and fault-locating systems.