Rajesh Power
BSE: RAJESH · Other Utilities
Snapshot
Unlock Rajesh Power's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Rajesh Power Services Limited is an Ahmedabad-based engineering, procurement, and construction firm specialising in extra-high voltage underground cable networks and substation infrastructure. The company provides turnkey project execution, consultancy, and maintenance services to both state-owned utilities and private industrial clients.
Business Model
The company generates revenue through the design, installation, and maintenance of power infrastructure, alongside specialised services like smart grid implementation and fault location. It operates primarily on a project-based model, delivering turnkey solutions for complex urban power distribution networks.
Management Commentary
Management has focused on scaling operations through the SME platform of the Bombay Stock Exchange to enhance market visibility and support growth in the domestic utility sector. The firm is actively diversifying its portfolio into renewable energy solutions and technology-driven utility management.
Growth Outlook
Growth is driven by the increasing demand for smart grid solutions and the expansion of renewable energy infrastructure in India. The company aims to leverage its track record in complex urban projects to capture further market share in the power distribution segment.
Key Risks
- Project Execution Risk. Delays in large-scale infrastructure projects or cost overruns could adversely impact the company's profitability.
- Regulatory and Policy Risk. Changes in government policies regarding power sector investments and utility regulations may affect project pipelines.
- Client Concentration. Heavy reliance on state-owned power utilities exposes the company to risks associated with payment delays and budgetary constraints of public sector entities.
- Technological Obsolescence. Failure to keep pace with rapid advancements in smart grid and renewable energy technologies could diminish the company's competitive advantage.
Price
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Peers · Other Utilities
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Rajesh PowerRAJESH | — | — | — | — | 12.0% | — | — | -35.5% |
VA Tech Wabag LimitedWABAG | 7,582 | 28.10 | 18.05 | 42.0% | 14.5% | 19.4% | 23.5% | +40.5% |
Ion Exchange (India) LimitedIONEXCHANG | 4,887 | 36.21 | 18.97 | 6.5% | 10.2% | 11.5% | 13.7% | -23.2% |
Enviro Infra Engineers Ltd.EIEL | 2,561 | 21.75 | 13.63 | — | 27.9% | 17.9% | 23.8% | -19.3% |
EMSEMSLIMITED | 1,588 | 26.56 | 16.65 | -23.0% | 20.8% | 9.2% | 13.0% | -28.9% |
Antony Waste hanAWHCL | 1,192 | 16.99 | 6.76 | 12.8% | 22.4% | 13.5% | 11.7% | -31.7% |
As of Mar 2026
Financials
Rajesh Power
BSE: RAJESH · Other Utilities
Snapshot
Unlock Rajesh Power's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Rajesh Power Services Limited is an Ahmedabad-based engineering, procurement, and construction firm specialising in extra-high voltage underground cable networks and substation infrastructure. The company provides turnkey project execution, consultancy, and maintenance services to both state-owned utilities and private industrial clients.
Business Model
The company generates revenue through the design, installation, and maintenance of power infrastructure, alongside specialised services like smart grid implementation and fault location. It operates primarily on a project-based model, delivering turnkey solutions for complex urban power distribution networks.
Management Commentary
Management has focused on scaling operations through the SME platform of the Bombay Stock Exchange to enhance market visibility and support growth in the domestic utility sector. The firm is actively diversifying its portfolio into renewable energy solutions and technology-driven utility management.
Growth Outlook
Growth is driven by the increasing demand for smart grid solutions and the expansion of renewable energy infrastructure in India. The company aims to leverage its track record in complex urban projects to capture further market share in the power distribution segment.
Key Risks
- Project Execution Risk. Delays in large-scale infrastructure projects or cost overruns could adversely impact the company's profitability.
- Regulatory and Policy Risk. Changes in government policies regarding power sector investments and utility regulations may affect project pipelines.
- Client Concentration. Heavy reliance on state-owned power utilities exposes the company to risks associated with payment delays and budgetary constraints of public sector entities.
- Technological Obsolescence. Failure to keep pace with rapid advancements in smart grid and renewable energy technologies could diminish the company's competitive advantage.
Price
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Start your research today
Unlock AI insights, financials, peers and live data on Rajesh Power and 5,000+ companies — free.
Peers · Other Utilities
As of Mar 2026