Multibagger Stock engaged in the business of manufacturing and providing meters and metering solutions hit a 5 percent upper circuit in the day’s trade after it received orders worth Rs. 1,026 Crores.
In the day’s trade, the shares of Genus Power Infrastructure Limited hit a 5 percent upper circuit at Rs. 234.50 and its market capitalization is Rs. 6,041 Crores. It has delivered multi-bagger returns of 156 percent in a year.
Genus Power Infrastructure Limited’s wholly-owned subsidiary has received a Letter of Award(LOA) worth Rs. 1,026.31 Crores for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs).
It also includes the design of an advanced metering infrastructure (AMI) system with supply, installation, and commissioning with Facility Management Services of about a million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on a Design, Build, Finance, Own, Operate, Transfer(DBFOOT) basis.
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.
As of November 2023, it has an order book of Rs. 19,000 Crores, it anticipates a robust surge in order volumes to continue during the forthcoming months of fiscal year 2024.
It is the largest player in India’s electricity meter industry with a ~27 percent market share in the meter industry and ~70 percent market share in smart meters and It has a strong client base with players such as Tata Power, Powergrid, NTPC, Torrent Power, and many more.
Its revenue from operations grew 18 percent from Rs. 685.07 Crores in FY22 to Rs. 808.39 Crores in FY23, accompanied by increasing profits of Rs. 57.46 Crores to Rs. 28.97 Crores.
Written by: Bharath K.S
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