Check out this Smart Meter stock engaged in manufacturing and providing Meters and Metering Solutions, undertaking EPC contracts on a turnkey basis, and many more, that has delivered a return of 25 percent in just 15 days upon receiving orders of upto Rs. 11,000 Crores.
Price Action
With a market capitalization of Rs. 13,984 Crores, the shares of Genus Power Infrastructures Limited were trading at Rs. 454.45 per equity share, down 0.32 from its previous day’s close price of Rs. 455.00.
What Happened
In the last fifteen days, Genus Power Infrastructures Limited which is amongst the largest players in India’s electricity metering solutions industry, with ~27 percent market share has delivered a robust return of 25 percent in the last 15 days upon consistently receiving 3 work orders of upto Rs. ~11,000 Crores for providing Metering Solutions, therby taking the company’s total order book to about Rs. 32,500 Crores.
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The 3 work orders were received for a consideration of Rs. 2,925.52 Crores, Rs. 3,608.52 Crores, and Rs. 4,469.04 Crores respectively for appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including the design of Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning.
Along with Flow Measurement Service (FMS) of about 13.6 Million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on a Design-Build Finance Own Operate Transfer (DBFOOT) basis.
About the Company
Genus Power Infrastructure Limited is engaged in manufacturing and providing Meters and Metering Solutions, undertaking ‘Engineering, Construction, and Contracts’ on a turnkey basis, and many more. It is amongst the largest players in India’s electricity metering solutions industry, with ~27 percent market share and a total order book of Rs. 24,383+ Crores (Q1FY25)
Genus Power Infrastructure Limited is the market leader in various kinds of meters and has developed ‘smart metering solutions’, with in house R&D center. The company also has an engineering, construction, and contracts (ECC) division which complements the existing meters business
It has manufacturing plants across Jaipur, Haridwar, and Guwahati with a total installed capacity of over 10 million meters, with key customers that include the major State Electricity boards (SEBs), private utilities, and others like Tata Power, Powergrid, NTPC, Torrent Power, and many more.
Financials and Ratios
Its Revenue from operations grew by 59 percent from Rs. 261 Crores in Q1FY24 to Rs. 414 Crores in Q1FY25, accompanied by profits of Rs. 19 Crores to Rs. 42 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 5.9 percent, and a return on capital employed (ROCE) of 9.7 percent. It has reported a debt-to-equity ratio of 0.38.
Written by: Bharath K.S
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