The Nomura India Investment Fund Mother Funds is part of the broader set of funds managed by Nomura Asset Management, which is a division of the Nomura Group, a major Japanese financial services company.
It typically focuses on investing in Indian equities or companies with significant operations in India, designed to capture the growth potential of the Indian economy and its corporate sector.
As per the latest corporate shareholdings filed, Nomura India Investment Fund Mother Fund publicly holds around 12 stocks with a net worth of over Rs. 4,650.0 Crores.
Listed below is a Smart Meter stock engaged in manufacturing and providing Meters and Metering Solutions, undertaking EPC contracts on a turnkey basis, and many more, in which Nomura Investment has made a fresh position, that you can add to your watchlist.
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.
In recent times Genus Power Infrastructure Limited has consistently received 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
Foreign Institution Investment
Nomura India Investment Fund Mother Fund made a fresh investment in Genus Power Infrastructure Limited in Q2FY25 by acquiring a 2.2 percent stake consisting of 66.21 Lakh equity shares.
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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