India’s smart metering industry is growing rapidly as the government pushes for digital transformation in the power sector. In this article, we compare Genus Power Infrastructures and HPL Electric and Power, analyzing their order book and production capacity, financial performance, and market position to determine who might lead the sector.
Stock movement:
In Tuesday’s trading session, Genus Power Infrastructures Limited‘s share reached an intraday high of Rs. 281.20 per equity share, rising 2.38 percent from its previous day’s close price of Rs. 274.65. The market capitalization now stands at approximately Rs. 8,418.81 crore and is down by 43.47 percent from the 52-week high of Rs. 485.85 compared to the previous day’s close.
Similarly, with a market capitalization of Rs. 2,546.94 crores, the shares of HPL Electric and Power Limited were trading at Rs. 396.10 per equity share, down nearly around 1.04 percent from its previous day’s close price of Rs. 400.25. The stock is down by 42.35 percent from the 52-week high of Rs. 694.30 compared to the previous day’s close.
Company Overview:
Genus Power Infrastructures Limited was established in 1992 and is part of the Kailash Group. The company specializes in manufacturing metering solutions and providing turnkey engineering services. The company focuses on smart metering technologies, including electricity, gas, and water meters, alongside undertaking power transmission and distribution projects.
Likewise, HPL Electric and Power Limited was established in 1992 and is a prominent Indian manufacturer specializing in low-voltage electrical equipment. Based in Sonipat, the company produces a wide range of products, including metering solutions, switchgear, lighting equipment, and wires and cables, serving both domestic and international markets.
Order Book:
As of December 31, 2024, Genus Power Infrastructures Limited’s executable order book stands at Rs. 31,302.49 crores (excluding taxes). Of this, Rs. 29,033.74 crores worth of orders will be executed under a joint venture agreement managed by Gemstar Infra Pte. Ltd., ensuring strong project execution capabilities.
Correspondingly, HPL Electric and Power Limited’s order book stands at over Rs. 3,400 crore as of February 10, 2024, with 95 percent coming from Metering, Systems & Services, reflecting strong market demand and a robust pipeline of projects.
Production capacity:
Genus Power Infrastructures Limited has a total production capacity of over 1 crore meters annually across its facilities in Jaipur, Haridwar, and Guwahati.
Similarly, HPL Electric and Power 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.
Financial Highlights:
While comparing the financial performance, 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.
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.
Written By – Nikhil Naik
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