Servotech Share: Will the Company’s New Patent Improve EV Charging Compatibility in India?

Synopsis: Small-Cap shares surged 4% after being jointly granted a 20-year patent with Electra EV for a low-voltage EV charging device. The innovation enables fast DC charging for sub-200V EVs via standard high-voltage CCS2 infrastructure, ensuring safe, efficient, and interoperable charging.

The shares of a Small-Cap company specialising in the end-to-end manufacturing, procurement, and distribution of high-end solar products, advanced EV charging solutions, and power-backup systems,  are in focus in the day’s tradeupon secure Joint Patent for a low-voltage electric vehicle charging device.

With a market capitalization of Rs. 1,622.25 crores in the day’s trade, the shares of Servotech Renewable Power System Limited rose upto 4.1 percent, making a high of Rs. 71.00 per share compared to its previous closing price of Rs. 68.16 per share.

What Happened 

Servotech Renewable Power System Ltd. and Electra EV have jointly been granted a patent by the Indian Patent Office for a new low‑voltage electric vehicle charging device for the term of 20 years, effective from 04/12/2023, in accordance with the provisions of the Patents Act, 1970. The newly patented technology is designed to enable reliable and efficient charging solutions specifically for low-voltage electric vehicles, addressing a critical need within India’s rapidly expanding EV ecosystem.

The technology enables fast DC charging for sub-200V DC electric vehicles, including those following GB/T Bharat DC 001 standards, using conventional high-voltage CCS2 infrastructure. This innovation comes at a crucial time, as the adoption of low-voltage EVs like small commercial vehicles and pick-up vans is rapidly increasing, driving demand for flexible and compatible charging solutions.

The patented device ensures safe, stable, and efficient charging for low-voltage EV batteries while remaining compatible with widely deployed fast-charging systems. Incorporating advanced power management and voltage conversion capabilities, it optimises energy transfer and performance, enhancing charger reliability and interoperability. 

By supporting these foundational segments of India’s urban and last-mile mobility, the technology aims to accelerate broader EV adoption and the development of next-generation charging infrastructure.

Commenting on the development, Arun Handa, Chief Technology Officer, Servotech Renewable Power System Ltd., said, “Securing this patent is an important step in strengthening our innovation-led approach to EV charging technology. Low-voltage electric vehicles are a key part of India’s mobility ecosystem, particularly in segments like small commercial fleets. This patented device has been designed to ensure safe, efficient, and reliable charging for such vehicles, helping make EV adoption through improved charging compatibility.”

Financials & Others

The company’s revenue rose by 11.21 percent from Rs. 181 crores in December 2024 to Rs. 202 crores in December 2025. Meanwhile, Net profit rose from Rs. 10 crores to Rs. 15 crores in the same period.

The company has demonstrated strong financial performance, with a Return on Capital Employed (ROCE) of 20.8% and a Return on Equity (ROE) of 19.0%, supported by a moderate debt-to-equity ratio of 0.63. Its PEG ratio of 0.45 indicates that the stock may be undervalued relative to its growth potential.

Over the past five years, the company has achieved an impressive profit growth of 108% CAGR, reflecting robust operational performance. Additionally, its median sales growth over the last 10 years stands at 47.6%, highlighting consistent revenue expansion and a strong track record of growth.

Servotech Renewable Power System Limited (formerly known as Servotech Power Systems Ltd.) is an NSE-listed company specialising in tech-enabled EV charging solutions. Leveraging over two decades of experience in the electronics sector, the company offers a comprehensive range of AC and DC chargers compatible with various electric vehicles, catering to both commercial and domestic applications.

It has a comprehensive portfolio spanning solar panels, inverters, batteries, and EV chargers, which reflects its commitment to engineering excellence and environmental stewardship. By aligning business growth with global sustainability standards, Servotech stands as a catalyst in shaping India’s green energy transformation and powering a cleaner tomorrow. 

Servotech Renewable Power System Limited proudly serves a diverse marquee clientele across multiple industries. Their clients include leading names such as Indian Oil, Bharat Petroleum, Indian Railways, Tata Motors, Maruti Suzuki, Bharti Airtel Foundation, ITC Hotels, Oberoi Hotels & Resorts, and Electra EV, among others. This broad portfolio highlights the company’s strong presence and trusted solutions in sectors ranging from energy and automotive to hospitality and infrastructure.

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