This small-cap Smart Meter Stock, engaged in manufacturing smart metering solutions, executing power infrastructure projects, and providing advanced metering services for utilities and energy distribution companies, is in focus after the company’s strong order stands at 2.52 times the market cap, reflecting 152 percent more than its current market value.
With a market capitalization of Rs. 11,951.97 crore, the shares of Genus Power Infrastructures Limited closed at Rs. 393.25 per equity share, down nearly 1.59 percent from its previous day’s close price of Rs. 399.60. Over the last five years, the stock has given a massive return of 2,105.63 percent. The stock is trading below 19.30 percent of its 52-week high of Rs. 485.85.
Order Book:
As of March 31, 2025, the company’s order book stands at Rs. 30,110 crore, providing strong long-term visibility with contracts spread across multiple SPVs and the GIC platform. The company expects to realize around 55–60 percent of order book revenue in the next three years, with the remainder over 8–10 years.
While new tender activity has slowed, the company anticipates it will pick up soon, especially in states like Tamil Nadu, Telangana, Kerala, Karnataka, and West Bengal. Currently, tenders worth Rs. 27,300 crore are open for bidding and are expected to be awarded within the next 3–4 months.
Genus Power Infrastructures Limited’s total order book stands at approximately 2.52 times the market cap of Rs. 11,951.97, reflecting 151.92 percent more than its current market value.
Capacity Expansion: In FY25, the company installed approximately 1.5 million meters in Q4, demonstrating strong operational performance. For FY26, it aims to install 7–8 million meters, reflecting ambitious growth plans.
The company’s manufacturing capacity increased to 15 million meters per year by the end of FY25, up from 10 million at the end of FY24. During FY25, the company invested around Rs. 150 crore in capacity expansion, automation, and developing in-house software to support this growth.
Guidance: For FY26, the company targets revenue of Rs. 4,000 crore, marking an approximate 60 percent year-on-year growth. It expects an EBITDA margin of 18 percent, which management considers conservative.
The company plans to expand margins through backward integration in software and manufacturing, forward integration with end-to-end AMISP solutions, achieving scale benefits, and maintaining strong cost discipline.
Overview: Genus Power Infrastructure Limited was established in 1992 and is a leading company in metering solutions and turnkey ECC services. It manufactures smart meters, net meters, and advanced metering infrastructure (AMI) systems, serving both domestic and international markets. With around 27 percent market share, Genus Power is one of India’s top players in the smart metering space, known for its innovation and reliability.
Genus Power Infrastructure Limited operates modern manufacturing units, R&D centers, and corporate offices across India, including Sitapura (Jaipur), Haridwar (Uttarakhand), and Guwahati (Assam).
Clients: The company serves a diverse range of clients, including major energy firms, public sector enterprises, and state electricity boards. Its notable customers include Tata Power, NTPC, NDPL, UPPCL, Reliance Energy, Torrent Power, and Power Grid Corporation of India Ltd., reflecting its strong industry presence.
Financial highlights: Genus Power Infrastructures Limited’s revenue has increased from Rs. 420 crore in Q4 FY24 to Rs. 937 crore in Q4 FY25, which has grown by 123.10 percent. The net profit has also grown by 316.13 percent, from Rs. 31 crore in Q4 FY24 to Rs. 129 crore in Q4 FY25.
Genus Power Infrastructures Limited’s revenue and net profit have grown at a CAGR of 52.76 percent and 125.47 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 19.2 percent and 17.2 percent, respectively. Genus Power Infrastructures Limited has an earnings per share (EPS) of Rs. 9.81, and its debt-to-equity ratio is 0.74x.
Written By – Nikhil Naik
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