Rs 17,000 crore order book: This multibagger smart prepaid meters manufacturing company bags new order worth Rs 3,121.42 crore from State Electricity Boards!
The stock gave multibagger returns of 210 per cent in just 1 year; 800 per cent in 3 years and a whopping 2,425 per cent in a decade.
Genus Power Infrastructures Limited’s wholly owned subsidiary has received a letter of award (LOA) worth Rs 3,121.42 crore (net of taxes) 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 FMS of 36.27 lakh smart prepaid meters, system meters including DT meters with corresponding energy accounting on DBFOOT basis from State Electricity Boards (SEBs).
Earlier, the company received two letters of award (LOA) worth Rs 3,115.01 crore (net of taxes) 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 FMS of 34.79 Lakhs Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis from State Electricity Boards (SEBs).
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 17,000 crore while its market cap is Rs 6,500 crore.
On Monday, shares of Genus Power Infrastructure Ltd hit a 5 per cent upper circuit to Rs 267.80 per share from its previous closing of Rs 255.05 per share with a spurt in volume by more than 2.08 times on BSE. At the closing bell, shares of the company were trading at Rs 252.45 per share, down 1.02 per cent.
The stock gave multibagger returns of 210 per cent in just 1 year; 800 per cent in 3 years and a whopping 2,425 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.
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