India’s Other Electrical Equipment sector is booming, driven by robust infrastructure and renewable energy investments. The market value is projected to reach $95.3 billion by 2029, with a strong CAGR of 15.6% from 2025 onwards. India’s installed power capacity stands at 476 GW in 2025, highlighting the sector’s central role in supporting national growth.
With a market capitalization of Rs 10,123.87 crore, the shares of Genus Power Infrastructures Ltd were trading at Rs 332.90 apiece, increasing around 0.32 percent as compared to the previous closing price of Rs 331.85 apiece.
Brokerage Recommendation
Axis Direct has issued a ‘Buy’ call on the smart meter solution provider with a target price of Rs 430, signaling a 30% upside from the current Rs 331.60 level. The brokerage’s optimistic view reflects expectations of strong demand recovery, margin improvement, and steady infrastructure spending driving sector growth.
As per the brokerage, the company’s order book stands at Rs 28,758 crore as of September 2025, including Rs 26,473 crore from its GIC platform with long-term concessions of 8–10 years. This solid pipeline ensures revenue stability and long-term growth visibility, supported by additional Rs 127 crore traditional meter orders in H1FY26.
Backed by a robust order pipeline and improved execution pace, the company has raised FY26 revenue guidance to Rs 4,500 crore and projects Rs 5,500–6,000 crore for FY27. Operational efficiencies have also led to an upward revision in EBITDA margin guidance from 18% to 20%, signaling enhanced profitability ahead.
Financial & Operational Highlights
The company delivered a robust performance in Q2FY26, with revenue surging 135% to Rs 1,149 crore, driven by strong demand and execution. Net profit jumped 72% to Rs 143 crore, reflecting improved operational efficiency and cost control. This sharp growth underscores solid business momentum and strengthening profitability across key segments.
Genus Power operates state-of-the-art manufacturing facilities equipped with advanced automation and precision technology to ensure high-quality production. Its plants in Haridwar, Jaipur, and Guwahati reflect strong infrastructure and scalability. These modern workspaces enhance efficiency, support innovation, and enable large-scale manufacturing of smart meters and electronic components for both domestic and global markets.
Genus Power boasts a robust and diversified client base, including major utilities such as Adani, Tata Power, BSES, CESC, and Mahavitaran, along with several state electricity boards. Its partnerships with leading private and government entities highlight strong industry trust, reliable performance, and a proven track record in delivering large-scale smart metering and power solutions.
Genus Power Infrastructures Ltd is a leading manufacturer of smart metering solutions and power infrastructure equipment in India. The company designs and supplies advanced energy meters, smart grids, and allied systems, serving major utilities and power companies globally with a focus on innovation, efficiency, and sustainable energy management.
Written by Abhishek Singh
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