The Indian electric vehicle (EV) sector is expanding rapidly, driven by government policies, rising environmental awareness, and increasing demand for eco-friendly transportation. Investors looking to tap into this growth should consider key financial metrics, such as the debt-to-equity ratio, which indicates a company’s reliance on debt for financing.
Let’s take a look at some key players in this space.
| Name | Market Cap (₹ Cr) | Close Price (₹) | PE Ratio | Debt to Equity | ROCE (%) | Return on Equity (%) | Net Profit Margin (%) |
| Samvardhana Motherson International Ltd | 89,916.81 | 127.79 | 33.1 | 0.71 | 13.31 | 10.33 | 2.74 |
| Servotech Renewable Power System Ltd | 2,845.58 | 126.67 | 241.97 | 0.51 | 11.9 | 10.49 | 3.31 |
| Urja Global Ltd | 728.28 | 13.86 | 357 | 0.03 | – | – | – |
Samvardhana Motherson International Ltd (SAMIL) is actively expanding its role in the EV industry by supplying essential components such as lightweight bumpers and HVAC systems for electric buses. With a strong market presence and a moderate debt-to-equity ratio of 0.71, SAMIL maintains a solid financial position.
Servotech Power Systems is enhancing India’s EV charging infrastructure by developing advanced manufacturing capabilities for key EV charger components. With a market cap of ₹2,845.58 crore and a debt-to-equity ratio of 0.51, the company demonstrates stable financial health while continuing its expansion.
Urja Global Ltd is investing ₹2 billion in manufacturing lithium-ion batteries and electric vehicles in Andhra Pradesh. Focused on electric rickshaws and carts, the company aims to improve battery management systems. With a very low debt-to-equity ratio of just 0.03, Urja Global is financially sound and well-positioned for growth.
As India’s EV sector continues to expand, companies with strong financial stability and low debt burdens stand out as potential players in the market. Monitoring these stocks, assessing their financial health, and staying updated on industry trends can help investors make informed decisions.
While the sector presents growth opportunities, conducting thorough research and understanding market dynamics remain essential before making any investment choices.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 10, 2025, 11:44 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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