Smart meter stock engaged in manufacturing and providing Meters and Metering Solutions, undertaking EPC contracts on a turnkey basis, and many more hit a 5 percent upper circuit in the day’s trade upon receiving new work orders worth Rs. 3,608.52 Crores for 4.26 million Smart Meters.
Price Action
With a market capitalization of Rs. 13,315 Crores, the shares of Genus Power Infrastructures Limited hit a 5 percent upper circuit in the day’s trade at Rs. 438.35, from its previous day’s close price of Rs. 388.85. It has delivered a return of 105 percent in a year.
What Happened
Genus Power Infrastructures Limited which is renowned for providing smart Meters and Metering Solutions announced that it has received three new Letter of Awards (LOA) or work orders for a consideration of Rs. 3,608.52 Crores.
The said work order is for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including the design of Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with Flow Measurement Service (FMS) of about 4.26 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on Design Build Finance Own Operate Transfer (DBFOOT) basis.
Management Message
Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd. said, our Company has successfully secured three new orders worth Rs. 3,608.52 Crore). This ongoing success highlights our clients’ trust in our expertise and the exceptional quality of our offerings. With these recent orders, our total order book, including all SPVs and the GIC Platform, is about Rs. 28,000 Crores.
These concessions are for 8 to 10 years, providing clear visibility into the Company’s robust future growth. As we celebrate this achievement, we remain dedicated to upholding the highest standards of quality, innovation, and customer satisfaction
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.
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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