Smart meter stocks refer to shares of companies involved in the manufacturing, development, and deployment of smart metering technologies. Smart meters are digital devices used for measuring and recording energy consumption (electricity, water, gas, etc.) and transmitting the data to utility companies for real-time monitoring and billing.
As the global demand for energy efficiency, grid modernization, and sustainability grows, companies in the smart meter sector are seeing increased investments. These stocks often appeal to investors looking to capitalize on the growing trend of smart cities, renewable energy integration, and IoT (Internet of Things) solutions in utility management.
Here are a few smart meter stocks trading at a discount
Schneider Electric Infrastructure Ltd
Schneider Electric Infrastructure Ltd focuses on energy management and automation solutions for utilities, industries, and infrastructure. The company offers a wide range of products and services, including electrical distribution, automation systems, and smart grid solutions.
With a market capitalization of 13,984.00 Crores, the shares of Schneider Electric Infrastructure Ltd have declined almost 40 percent from an all-time high of Rs. 980.00 to the current market price of Rs. 584.90.
Schneider Electric Infrastructure Ltd has an impressive Return on Equity (RoE) of 49.3 percent and a Return on Capital Employed (RoCE) of 36.31 percent, and a P/E ratio of 73.5. Furthermore, the company’s debt-to-equity ratio is 1.29.
Genus Power Infrastructures Limited
Genus Power Infrastructures Limited is a leading EPC company and part of the Kailash Group. It specializes in metering solutions, smart meters, and turnkey power projects, offering innovative solutions to the power sector.
With a market capitalization of 7,956.84 Crores, the shares of Genus Power Infrastructures Limited have declined almost 46.1 percent from an all-time high of Rs. 485.85 to the current market price of Rs. 261.80.
Genus Power Infrastructures Limited has a Return on Equity (RoE) of 8.65 percent and a Return on Capital Employed (RoCE) of 10.51 percent, and a P/E ratio of 40.21. Furthermore, the company’s debt-to-equity ratio is 0.7.
HPL Electric and Power Limited
HPL Electric & Power Limited is a leading Indian electrical equipment manufacturer with a presence across metering solutions, switchgears, LED lighting, wires & cables, and solar solutions. It operates globally, exporting to over 40 countries.
With a market capitalization of 2,493.89 Crores, the shares of HPL Electric & Power Limited have declined almost 44.1 percent from an all-time high of Rs. 485.85 to the current market price of Rs. 694.30.
HPL Electric & Power Limited has a Return on Equity (RoE) of 7.41 percent and a Return on Capital Employed (RoCE) of 11.93 percent, and a P/E ratio of 39.18. Furthermore, the company’s debt-to-equity ratio is 0.75.
Techno Electric & Engineering Company Ltd
Techno Electric & Engineering Company Ltd is an Indian engineering and construction company specializing in power generation, transmission, and distribution. It provides turnkey solutions, including project execution, engineering, procurement, and maintenance services. The company also offers a range of services in the industrial and infrastructure sectors.
With a market capitalization of 10,619.90 Crores, the shares of Techno Electric & Engineering Company Ltd have declined almost 50 percent from an all-time high of Rs. 1,824.95 to the current market price of Rs. 911.15.
Techno Electric & Engineering Company Ltd has a Return on Equity (RoE) of 9.05 percent and a Return on Capital Employed (RoCE) of 9.73 percent, and a P/E ratio of 35.52. Furthermore, the company’s debt-to-equity ratio is 0.
Written by Sridhar J
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