As the demand for smart meters rises, several companies are poised for strong growth in FY25. With robust management guidance and increasing capex in smart metering projects, these four smart meter stocks stand out as key players to watch for potential investment opportunities in the evolving energy sector.
Here are a few smart meter stocks that gave guidance for the financial year 2025 and more
Genus Power Infrastructures Limited
With a market capitalization of Rs. 7,403.69 crore, the shares of Genus Power Infrastructures Limited closed at Rs. 246.45 per equity share, down nearly around 1.16 percent from its previous day’s close price of Rs. 246.45.
Genus Power Infrastructures Limited has a total production capacity of over 1 crore smart meters annually across its facilities in Jaipur, Haridwar, and Guwahati.
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.
The company has set a revenue target of Rs. 2,500 crore for this year, with an expected 30 to 40 percent increase in FY26. The company’s EBITDA margins are projected at 15–16 percent for FY25. Additionally, the company plans to expand capacity from 1.1 crore to 1.5 crore smart meter production annually.
Genus Power Infrastructures Limited’s revenue has increased from Rs. 260 crore in Q3 FY24 to Rs. 604 crore in Q3 FY25, which has grown by 132.31 percent. The net profit has also grown by 385.71 percent from Rs. 14 crore in Q3 FY24 to Rs. 68 crore in Q3 FY25.
Tata Power Company Limited
With a market capitalization of Rs. 1,12,076.53 crore, the shares of Tata Power Company Limited closed at Rs. 350.75 per equity share, down nearly around 1.49 percent from its previous day’s close price of Rs. 356.05.
Tata Power has successfully installed over 10 lakh smart meters across Odisha, Delhi, and Mumbai through its existing distribution licenses. In FY24, the company has also secured a Rs. 1,744 crore order to implement a smart metering project for Chhattisgarh State Power Distribution Company Limited, reinforcing its leadership in smart energy solutions.
Tata Power Company Limited is India’s largest vertically-integrated power company, involved in electricity generation, transmission, smart meter, and distribution. It focuses on renewable energy, with a significant presence in solar and wind power, aiming for sustainable energy solutions.
Tata Power plans to expand its clean energy capacity to 23 GW by FY30, a significant rise from the current 6.7 GW. The company expects a 2.5x growth in net profit, reaching Rs. 10,000 crore, with Rs. 5,000 crore (50%) coming from renewables. To achieve this, Tata Power will invest Rs. 1.46 lakh crore in capex between FY25 and FY30, with 60 percent allocated to renewable energy projects.
Tata Power Company Limited’s revenue has increased from Rs. 14,651 crore in Q3 FY24 to Rs. 15,391 crore in Q3 FY25, which has grown by 5.05 percent. The net profit has also grown by 10.41 percent from Rs. 1,076 crore in Q3 FY24 to Rs. 1,188 crore in Q3 FY25.
HPL Electric and Power Limited
With a market capitalization of Rs. 2,488.11 crore, the shares of HPL Electric and Power Limited closed at Rs. 386.95 per equity share, up nearly around 4.79 percent from its previous day’s close price of Rs. 369.25.
The company has a strong production capacity in manufacturing 1.1 crore electronic meters, 2.6 crore lighting equipment units, and 1.6 crore switchgear units annually.
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.
The company expects strong revenue growth in FY26, driven by higher-priced smart meter orders and increasing execution from AMISP clients. While FY25 revenue is projected at Rs. 1,600 crores, the company anticipates significant momentum but will provide definitive guidance by fiscal year-end.
As of February 10, 2024, the company’s order book exceeds Rs. 3,400 crore, with 95 percent of orders coming from Metering, Systems & Services
HPL Electric and Power Limited’s revenue has increased from Rs. 366 crore in Q3 FY24 to Rs. 392 crore in Q3 FY25, which has grown by 7.10 percent. The net profit has also grown by 50 percent from Rs. 12 crore in Q3 FY24 to Rs. 18 crore in Q3 FY25.
Adani Energy Solutions Limited
With a market capitalization of Rs. 94,024.39 crore, the shares of Adani Energy Solutions Limited closed at Rs. 782.70 per equity share, up nearly around 0.09 percent from its previous day’s close price of Rs. 782.
The company has made significant progress in smart meter deployment, installing 18 lakh meters so far. The company aims to reach 40 lakh meters by the end of the year and targets 70 lakh meters next year, reinforcing its commitment to advancing smart metering infrastructure and digital energy solutions.
Adani Energy Solutions Limited is India’s largest private transmission company, offering end-to-end energy solutions in transmission, distribution, smart metering, and trading. It serves over 12 million consumers and focuses on sustainable energy integration across 16 states.
Adani Energy Solutions has spent Rs. 7,500 crore in capex over the first nine months of FY25 and expects to close the year at Rs. 12,000 crore, focusing on smart meter deployment and transmission projects. For FY26, the company plans to increase capex to Rs. 18,000 crore, with a major share allocated to transmission expansion.
The company’s revenue has increased from Rs. 4,563 crore in Q3 FY24 to Rs. 5,830 crore in Q3 FY25, which has grown by 27.77 percent. The net profit has also grown by 79.60 percent from Rs. 348 crore in Q3 FY24 to Rs. 625 crore in Q3 FY25.
Written By – Nikhil Naik
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