A smart meter offers comprehensive consumption data to lower electricity costs and raise awareness of the state of the electricity grid, enhancing both its functionality and the level of customer service.
Here are three smart meter stocks
Genus Power Infrastructure Ltd
Genus Power Infrastructure Ltd is a small-cap company with a market capitalization of Rs 6,19619, On Monday, the shares closed at Rs 240.50 a share, an increase of 0.52 percent from the previous close price of Rs 239.25 a share.
Genus Power Infrastructure Ltd’s total order book value now stands at over Rs 19,000 crore which gives visibility of future growth. The company holds a 27 % market share in the electricity metering solutions industry.
The company’s revenue increased by 39.6 percent from Rs 187.04 crore Q1FY23 to Rs 261.11 crore Q1FY24. Further, During the same period, net profit increased by 87.15 percent from Rs 12.3 crores to Rs 23.02 crores.
Genus Power Infrastructure Ltd is engaged in the manufacture of smart metering solutions. It also engages in contracting, engineering, and construction.
HPl Electric & Power Ltd.
HPL Electric & Power Ltd is a small-cap company with a market capitalization of Rs 1,347.42, On Monday, the shares closed at Rs 209.55 a share, an increase of 0.17 percent from the previous close price of Rs 209.20 a share.
HPL Electric & Power Ltd’s order book value now stands at over Rs 2000 crore, as of November 6, 2023, which gives visibility to future growth, a market share of 20% in the domestic meters market with an installed capacity of 1.1 crore meters per year.
HPL Electric & Power Ltd’s revenue increased by 8.5 percent from Rs 295.59 crore Q1FY23 to Rs 320.74 crore Q1FY24. Further, During the same period, net profit increased by 9.8 percent from Rs 6.32 crores to Rs 6.94 crores.
HPL Electric & Power Limited is a top producer of electrical equipment in five major product categories: wires, modular switches, LED lighting, switchgear, and metering solutions.
GMR Power & urban infra Ltd.
GMR Power & Urban Infra Ltd is a small-cap company with a market capitalization of Rs 2,213.98, On Monday, the shares closed at Rs 36.94, an increase of 0.65 percent from the previous close price of Rs 36.92 a share.
According to the report, GMR Power & Urban Infra Ltd. is planning to increase its order book to Rs 1,000 crore next year.
GMR Power & Urban Infra Ltd revenue increased by 34.6 percent from Rs 4,101.81 crore FY 2022-23 to Rs 5,524.69 crore FY 2023-24. Further, During the same period, net profit increased by 74.5 percent from Rs 651.54 crores to Rs 1139.45 crores.
The company reported an increase in the net profit margin from 15.88 percent in FY 2022-23 to 20.62 percent in FY 2023-24.
GMR Power & Urban Infra Ltd leading power and infrastructure development services holds expertise in the sectors of Energy, Urban Infrastructure, and Transportation.
Written By:- Abhishek Singh.
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