Published: 25th Nov 2024
By: Value Research
Rajesh Power Services is an EPC (engineering, procurement and construction) contractor for the renewable and non-renewable power sector. It maintains, operates and sets up extra-high-voltage cables and transmission lines, solar plants, power transformers and substations.
With an order book of about Rs 2,400 crore (as of November 13, 2024), which is 8.4 times its FY24 revenue, there’s a high degree of predictability regarding Rajesh Power Services future growth prospects.
Given that Rajesh Power Services derives nearly 60% of its revenue from government projects, any change in policies or a decline in capex can hamper its financials.
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