Rajesh Power Services Limited
BSE: RAJESH · Other Utilities
Snapshot
Unlock Rajesh Power Services Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Rajesh Power Services Limited is an engineering, procurement, and construction (EPC) company specializing in power transmission, distribution, and emerging energy infrastructure such as battery energy storage systems. Operating as an approved Class "AA" electrical contractor in Gujarat and Class "A" in Rajasthan and Madhya Pradesh, the company builds and strengthens critical electrical networks.
Business Model
The company generates revenue by executing engineering, procurement, and construction contracts for transmission, distribution, and energy infrastructure projects. It leverages its multi-state class-rated electrical contractor status to secure and deliver public and private power sector assignments.
- Total Revenue (FY 2025-26):1,628 crore
- EBITDA (FY 2025-26):197 crore
Management Commentary
Management highlights strong operational performance driven by a substantial surge in annual revenues and earnings, supported by a robust project pipeline. The company continues to benefit from execution excellence across both traditional power networks and emerging energy solutions.
- PAT Margin:8.8%
- ROCE:43.6%
- ROE:35.3%
Growth Outlook
Growth is anchored by a strong order book and expanding opportunities in power transmission, distribution, and battery energy storage systems. As of March 31, 2026, the combined unexecuted consolidated order book and L1 status stood at 3,326 crore.
- Order Book & L1 Status:3,326 crore
- Revenue Growth (YoY):52%
Key Risks
- Execution and Delay Risks. Project delays or cost overruns in large EPC contracts could adversely impact margins and working capital.
- Regulatory and Tendering Dependency. Reliance on state-level utility approvals and government tendering cycles exposes the business to policy shifts and competitive bidding pressures.
- Commodity Price Volatility. Fluctuations in the prices of key raw materials like copper, aluminium, and steel can compress EPC project profitability.
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Peers · Other Utilities
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Rajesh Power Services LimitedRAJESH | ₹1,449 Cr | — | — | — | 12.0% | — | — | -46.4% |
Technocraft Ventures LimitedTECHNOCRAF | ₹1,772 Cr | — | — | — | 20.0% | — | — | — |
EMS LimitedEMSLIMITED | ₹1,613 Cr | 23.7× | 14.07 | -33.9% | 19.1% | 6.8% | 10.2% | -45.0% |
Antony Waste Handling Cell LimitedAWHCL | ₹831 Cr | 14.2× | 5.23 | 11.8% | 20.6% | 9.9% | 10.2% | -46.2% |
Eco Recycling LimitedECORECO | ₹773 Cr | 32.5× | 21.21 | 31.9% | 65.2% | 24.1% | 31.6% | -33.1% |
JITF Infralogistics LimitedJITFINFRA | ₹677 Cr | -16.0× | 7.14 | 24.3% | 21.2% | 1.4% | 14.1% | -13.4% |
As of Mar 2026
Financials
Rajesh Power Services Limited
BSE: RAJESH · Other Utilities
Snapshot
Unlock Rajesh Power Services Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Rajesh Power Services Limited is an engineering, procurement, and construction (EPC) company specializing in power transmission, distribution, and emerging energy infrastructure such as battery energy storage systems. Operating as an approved Class "AA" electrical contractor in Gujarat and Class "A" in Rajasthan and Madhya Pradesh, the company builds and strengthens critical electrical networks.
Business Model
The company generates revenue by executing engineering, procurement, and construction contracts for transmission, distribution, and energy infrastructure projects. It leverages its multi-state class-rated electrical contractor status to secure and deliver public and private power sector assignments.
- Total Revenue (FY 2025-26):1,628 crore
- EBITDA (FY 2025-26):197 crore
Management Commentary
Management highlights strong operational performance driven by a substantial surge in annual revenues and earnings, supported by a robust project pipeline. The company continues to benefit from execution excellence across both traditional power networks and emerging energy solutions.
- PAT Margin:8.8%
- ROCE:43.6%
- ROE:35.3%
Growth Outlook
Growth is anchored by a strong order book and expanding opportunities in power transmission, distribution, and battery energy storage systems. As of March 31, 2026, the combined unexecuted consolidated order book and L1 status stood at 3,326 crore.
- Order Book & L1 Status:3,326 crore
- Revenue Growth (YoY):52%
Key Risks
- Execution and Delay Risks. Project delays or cost overruns in large EPC contracts could adversely impact margins and working capital.
- Regulatory and Tendering Dependency. Reliance on state-level utility approvals and government tendering cycles exposes the business to policy shifts and competitive bidding pressures.
- Commodity Price Volatility. Fluctuations in the prices of key raw materials like copper, aluminium, and steel can compress EPC project profitability.
Start your research today
Unlock AI insights, financials, peers and live data on Rajesh Power Services Limited and 5,000+ companies — free.
Peers · Other Utilities
As of Mar 2026