---
title: "Rajesh Power Services Ltd (544291) — Share Price, Financials & Analysis"
symbol: "544291"
company: "Rajesh Power Services Ltd"
canonical: "https://tapetide.com/stocks/544291"
isin: "INE0VN801010"
nse_symbol: "RAJESHPOWERSERVICESLTD"
bse_code: "544291"
sector: "Power"
industry: "Integrated Power Utilities"
market_cap_cr: 1443.69
generated_at: "2026-09-13T19:16:48.697Z"
---

# Rajesh Power Services Ltd (544291)

Canonical page: https://tapetide.com/stocks/544291

## Company

- **NSE Symbol:** RAJESHPOWERSERVICESLTD
- **BSE Code:** 544291
- **ISIN:** INE0VN801010
- **Sector:** Power
- **Industry:** Integrated Power Utilities
- **Macro Sector:** Utilities
- **Stock Type:** EQUITY
- **Listed Since:** 2024-12-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rajeshpower.com

## About

Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies,  private utilities, and industries.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:52:08.034526Z.

- **Market Cap:** ₹1443.69 Cr
- **Classification:** SME
- **P/E (reported):** 10.1
- **Book Value:** ₹225.56
- **Price to Book:** 3.56
- **Dividend Yield:** 0.12%
- **ROE:** 35.44%
- **ROCE:** 43.57%
- **Debt to Equity:** 0.32
- **Revenue (yearly):** ₹1627.94 Cr
- **Net Income:** ₹136.71 Cr
- **EBITDA:** ₹196.52 Cr
- **52-Week High:** ₹1624.95
- **52-Week Low:** ₹750
- **RSI (14):** 46.1

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 62.94 | 9% |
| growth | 88.04 | 9% |
| momentum | 22.9 | 12% |
| ownership | 67.68 | 24% |
| quality | 66.57 | 22% |
| valuation | 58.39 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 44.3%

### Weaknesses

- Promoter holding has decreased over last quarter: -0.70%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | -936.94% | -416.73% |
| ebitda margin growth | -5.22% | — | — |
| net income growth | 46.37% | 173% | — |
| revenue growth | 46.04% | 99% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 313 | 759 | 638 | 990 |
| Expenses | 276 | 672 | 554 | 877 |
| Operating Profit | 37 | 87 | 84 | 113 |
| OPM % | 12 | 11 | 13 | 11 |
| Other Income | 2 | 2 | 2 | 3 |
| Interest | 5 | 10 | 5 | 6 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 34 | 79 | 80 | 110 |
| Tax % | 22 | 23 | 28 | 27 |
| Net Profit | 26 | 60 | 58 | 79 |
| EPS in Rs | 17.36 | 33.58 | 32.24 | 44.14 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 147 | 207 | 285 | 1072 | 1628 |
| Expenses | 136 | 193 | 250 | 947 | 1431 |
| Operating Profit | 11 | 14 | 35 | 125 | 197 |
| OPM % | 8 | 7 | 12 | 12 | 12 |
| Other Income | 3 | 4 | 10 | 7 | 5 |
| Interest | 8 | 8 | 10 | 16 | 11 |
| Depreciation | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 9 | 34 | 114 | 190 |
| Tax % | 22 | 22 | 24 | 24 | 28 |
| Net Profit | 3 | 7 | 26 | 87 | 138 |
| EPS in Rs | 2.27 | 4.44 | 17.1 | 48.48 | 76.38 |
| Dividend Payout % | 0 | 0 | 0 | 2 | 1 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 15 | 15 | 15 | 18 | 18 |
| Reserves | 37 | 43 | 69 | 238 | 373 |
| Borrowings | 62 | 60 | 78 | 56 | 127 |
| Other Liabilities | 61 | 80 | 78 | 214 | 409 |
| Total Liabilities | 176 | 198 | 240 | 526 | 927 |
| Fixed Assets | 16 | 19 | 20 | 18 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 1 |
| Investments | 12 | 18 | 8 | 10 | 8 |
| Other Assets | 147 | 161 | 212 | 498 | 900 |
| Total Assets | 176 | 198 | 240 | 526 | 927 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 15 | -22 | -21 | -41 |
| Cash from Investing Activity | -19 | -5 | 16 | -26 | -16 |
| Cash from Financing Activity | 6 | -12 | 6 | 47 | 37 |
| Net Cash Flow | -6 | -2 | 0 | 0 | -21 |
| Free Cash Flow | 5 | 12 | -24 | -19 | -43 |
| CFO/OP | 68 | 122 | -49 | 6 | 4 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 141 | 103 | 94 | 62 | 78 |
| Inventory Days | 95 | 82 | 64 | 26 | 34 |
| Days Payable | 116 | 76 | 55 | 50 | 90 |
| Cash Conversion Cycle | 120 | 108 | 103 | 38 | 22 |
| Working Capital Days | 75 | 53 | 66 | 39 | 7 |
| ROCE % | — | 15 | 32 | 55 | 49 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 73.4% | 73.4% | 72.7% |
| FIIs | 0.84% | 0.45% | 0.68% |
| DIIs | 4.88% | 3.39% | 3.51% |
| Government | 0% | 0% | 0% |
| Public | 18.06% | 19.17% | 18.28% |
| Others | 2.82% | 3.58% | 4.84% |
| No. of Shareholders | 3048 | 4646 | 6172 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 796.4 | Sell |
| EMA (10) | 802.04 | Sell |
| SMA (20) | 805.39 | Sell |
| EMA (20) | 808.08 | Sell |
| SMA (50) | 830.76 | Sell |
| EMA (50) | 826.03 | Sell |
| SMA (100) | 855.17 | Sell |
| EMA (100) | 859.08 | Sell |
| SMA (200) | 915.63 | Sell |
| EMA (200) | 928.73 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.2 | Neutral |
| MACD (12,26,9) | -9.15 | Buy |
| Stochastic (14,3,3) | 53.41 | Neutral |
| ADX (14) | 17.1 | Neutral |
| Williams %R (14) | -56.19 | Neutral |
| ATR (14) | 21.79 | Neutral |
| ROC (12) | -1.03 | Sell |
| Stoch RSI (14) | 58.18 | Neutral |
| UO (7,14,28) | 41.42 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c395ba6c-9a37-425e-8193-5af09c644510.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46da5b28-332a-4403-8610-6a1042bf275c.pdf) |
| 2026-09-03 | [Intimation Under Regulation 30 Of SEBI (LODR)2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1d83fd5-658f-49ee-aa81-2b3a2ffa1aa0.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c76620d6-9091-4df8-b375-40b836a8c34d.pdf) |
| 2026-08-15 | [Intimation Under Regulation 30 SEBI(LODR)2015 Regarding Incorporation Of 100 % Wholly Owned Foreign Subsidiary Company Of Rajesh Power Services Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee98eea3-e525-4ca4-b990-39ff3b091c1d.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98cb38de-6df6-4d27-bbc7-3696b8246cf5.pdf) |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7c93f8d-81bf-4789-90ec-757598130458.pdf) |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=899568a9-6230-42b7-aa5d-2f4e37da76ec.pdf) |
| 2026-07-27 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7464270c-fc50-43eb-a006-a7c6e65cfee5.pdf) |
| 2026-07-22 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ec6fb4c-6ce1-4d01-a90b-783f3be11864.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Mar - Signed 65 MW/130 MWh BESS BESPA with GUVNL; 12-year tariff ₹1.89 lakh/MW/month; commission within 18 months. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 6 Mar - Signed 65 MW/130 MWh BESS BESPA with GUVNL; 12-year tariff ₹1.89 lakh/MW/month; commission within 18 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31835a91-a852-4aca-9cc0-99e181801591.pdf) |
| 4 March 2026 - SAJ Hotels CFO Usha Ghelani resigns effective close of business March 31, 2026. | [Resignation 4 March 2026 - SAJ Hotels CFO Usha Ghelani resigns effective close of business March 31, 2026.](https://nsearchives.nseindia.com/corporate/SAJHOTELS_04032026140301_Intimation_NSE.pdf) |
| 4 March 2026 - CFO Usha Ghelani resigned effective close of business 04 March 2026; resignation letter and disclosures enclosed. | [Resignation 4 March 2026 - CFO Usha Ghelani resigned effective close of business 04 March 2026; resignation letter and disclosures enclosed.](https://nsearchives.nseindia.com/corporate/SAJHOTELS_04032026133146_Intimation_NSE.pdf) |
| 3 Mar - Virtual participation in Bharat Connect Conference: Rising Stars by Arihant Capital on March 9, 2025, 1:00–2:00 PM. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Mar - Virtual participation in Bharat Connect Conference: Rising Stars by Arihant Capital on March 9, 2025, 1:00–2:00 PM.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35b66dfd-8050-4168-831e-ce1e247599b5.pdf) |
| 29 Apr - FY26 earnings call transcript: revenue ₹1,628 crore, EBITDA ₹197 crore, PAT ₹143 crore; BESS project signed. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Apr - FY26 earnings call transcript: revenue ₹1,628 crore, EBITDA ₹197 crore, PAT ₹143 crore; BESS project signed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ad7a201-5f40-45d6-8979-c30785e80ead.pdf) |
| 29 Apr - FY26 earnings call transcript: revenue ₹1,628 crore, EBITDA ₹197 crore, PAT ₹143 crore; BESS project signed. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Apr - FY26 earnings call transcript: revenue ₹1,628 crore, EBITDA ₹197 crore, PAT ₹143 crore; BESS project signed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3ad7a201-5f40-45d6-8979-c30785e80ead.pdf) |
| 28 Feb - Rajesh Power Services incorporated 100% subsidiary Rajesh Power Projects Pvt Ltd on Feb 28, 2026; subscribed capital Rs100,000. | [Intimation Under Regulation 30 SEBI(LODR),2015 Regarding Incorporation Of 100 % Wholly Owned Subsidiary Company Of Rajesh Power Services Limited 28 Feb - Rajesh Power Services incorporated 100% subsidiary Rajesh Power Projects Pvt Ltd on Feb 28, 2026; subscribed capital Rs100,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3bf3f5b4-c780-42f8-bf4f-7feeb90fe548.pdf) |
| 28 Apr - March 31, 2026 IPO fund statement shows no deviation; Rs 856.88 lakh surplus used for working capital. | [Regulation 32 - Statement Of Deviation Or Variation In Utilization Of Funds Raised For The Period Ended On March 31,2026. 28 Apr - March 31, 2026 IPO fund statement shows no deviation; Rs 856.88 lakh surplus used for working capital.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f3749c1-3268-4e9c-8732-2d5f1ff9c3a4.pdf) |
| 28 Apr - March 31, 2026 IPO fund statement shows no deviation; Rs 856.88 lakh surplus used for working capital. | [Regulation 32 - Statement Of Deviation Or Variation In Utilization Of Funds Raised For The Period Ended On March 31,2026. 28 Apr - March 31, 2026 IPO fund statement shows no deviation; Rs 856.88 lakh surplus used for working capital.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f3749c1-3268-4e9c-8732-2d5f1ff9c3a4.pdf) |
| 28 Apr - Company says Annual Secretarial Compliance Report under Regulation 24A is not applicable on BSE SME listing. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 28 Apr - Company says Annual Secretarial Compliance Report under Regulation 24A is not applicable on BSE SME listing.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c4906aa-882e-485b-9ba9-bf0a07a90d21.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-04-24 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=062f538f-48ec-409d-a1b3-13e2f3e53ce1.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b16b13dd-5379-441b-89f0-72491619f11e.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-04-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68e9fa4a-fc84-47a5-aff7-d9ad23b22396.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73619482-aea1-4957-a382-e514cc2d7581.pdf) |
| 2025-05-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99d45198-6a90-4950-939c-c97ee3ddfad1.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-11-13 | [Unaudited Financial Results For Half Yearly Ended On September 302025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dffd6943-2e2c-452c-8216-acf12eada464.pdf) |
| 2025-05-15 | [Financial Results - March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fef6c03-ddda-4a1b-9a48-4292f0856f7d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56f01ddd-55fa-4be7-a5c5-77d27880f0af.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/99d45198-6a90-4950-939c-c97ee3ddfad1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29189_SAJHOTELS_2024_2025_A_2450169_29112025181937.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd2d3138-b50f-49f3-a0ec-7f8d32e52a80.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:48.697Z.