Rs 20,000 crore order book: This multibagger smart prepaid meters manufacturing company incorporated a wholly-owned subsidiary; details inside!

The stock gave multibagger returns of 240 per cent in just 1 year; 565 per cent in 3 years and a whopping 1,800 per cent in a decade.

Genus Power Infrastructures Limited has officially announced the incorporation of its wholly-owned subsidiary, "GENUS ALFA SMART METERING PRIVATE LIMITED," as of May 1, 2024. The subsidiary's particulars include an authorized capital of Rs 1,00,000 and a subscribed capital of the same amount. It is considered a Related Party and functions as a wholly-owned subsidiary of Genus Power Infrastructures Limited. Apart from this subsidiary relationship, there are no other interests from the Promoters, promoter group, or group companies.

GENUS ALFA SMART METERING PRIVATE LIMITED operates within the power infrastructure and distribution Industry. It was established specifically as a wholly-owned subsidiary for the execution of an Advanced Metering Infrastructure Service Provider (AMISP) Contract. The acquisition involved a cash consideration, with Genus Power Infrastructures Limited subscribing to 100 per cent of the share capital in cash.

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The shares were acquired at a face value of Rs 1 each, totalling Rs 1 lakh. As per the disclosure, Genus Power Infrastructures Limited now holds 100 per cent shareholding/control of GENUS ALFA SMART METERING PRIVATE LIMITED. The subsidiary, incorporated on May 01, 2024, under the provisions of the Companies Act, 2013, operates primarily in the manufacturing of various types of smart/advanced/prepaid meters and is headquartered in the State of Rajasthan, India.

Genus Power Infrastructures Ltd. is a leading player in India's electricity metering solutions industry, with a market share of 27 per cent. The company is a market leader in various kinds of meters, including smart metering solutions. Genus also has an ECC division that complements its meters business. The company’s order book stands at Rs 20,000 crore (net taxes) while its market cap stands at Rs 9,200 crore.

The stock gave multibagger returns of 240 per cent in just 1 year; 565 per cent in 3 years and a whopping 1,800 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.