With a 27 percent market share, India’s leading player in the electricity metering solutions business gained 16 percent in the first half session on Tuesday, reaching an all-time high price of Rs 149.70. The shares increased after the company received Rs 2,207.53 crore order.
At 12:15 pm, the shares of Genus Power Infrastructures quoted Rs 142.75, up 10.40 percent on NSE.
As per exchange filings, For an order worth Rs. 2,207.53 crores, the Company received a letter of award for the appointment of an Advanced Metering Infrastructure Service Provider (AMISP), which included the design of an AMI system as well as the supply, installation, and commissioning of 27.69 lakh Smart Prepaid Metres.
In the last six months, the stock has gained 67.39 percent ranging from Rs 84.80 and last year stock gained 93.79 percent.
Genus Power Infrastructures Ltd. was started in 1995.The company offers a variety of smart metering solutions to engineering and construction firms. The firm primarily serves state power boards and private utilities.
Genus Power anticipates a significant increase in orders in the next quarters of FY24. The company expects a significant revenue comeback in the next quarters as a result of a solid order book, high order intake, and the restoration of supply chain regularity.
For FY 22-23, the profitability ratios are 2.95 percent for ROE and 6.78 percent for ROCE, with a net profit margin of 3.66 percent and an operating profit margin of 9.10 percent, and Debt to equity stands at 0.35.
According to the latest data shareholding pattern, promoters own 50.43 percent of the firm, while foreign institutional investors own 2.33 percent and domestic institutional investors own 5.24 percent.
Written by Omkar Chitnis
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