The company's sales have seen 22% compound Sales Growth in the last ten years, and the company's sales have increased from Rs 20 crore to Rs 140 crore in the last ten years. The company's sales saw very little growth in the intervening years.
But ever since the company management expanded its business and started working in the segment of energy-saving switches and solar auto rickshaws, the sales of the company have again seen a good jump every quarter.
If we talk about the Servotech Power Systems share price target 2024, then the company management will be seen adding some new products to its product portfolio in the coming years. Due to which good opportunities for growth will be seen in the sales of the company. The company's stock price target is expected to trade around Rs 100 in 2024 amid volatility in the stock