Rs 21,458 crore order book: This multibagger smart prepaid meters manufacturer reports a 120 per cent jump in PAT
The stock gave multibagger returns of 100 per cent in just 1 year; 410 per cent in 3 years and a whopping 1,750 per cent in 5 years.
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 has a market cap of over Rs 11,000 crore.
According to standalone Quarterly Results, the net sales increased by 59 per cent to Rs 414.16 crore and net profit increased by 120 per cent to Rs 42.38 crore in Q1FY25 compared to Q1FY24. According to consolidated quarterly results, the net sales increased by 59 per cent to Rs 414.16 crore and net profit increased by 112 per cent to Rs 48.73 crore in Q1FY25 compared to Q1FY24. In its consolidated annual results, the net sales increased by 49 per cent to Rs 1,200.58 crore and net profit increased by 241 per cent to Rs 101.04 crore in FY24 over FY23.
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Earlier, Genus Power Infrastructures is expanding its power distribution business. Its subsidiary, Genus Power Solutions, has acquired a 30 per cent stake in Maharashtra Akola Amravati Smart Metering for a nominal amount. This newly formed company will become a wholly-owned subsidiary of Genus and will participate in the AMISP project.
As of June 30, 2024, the company boasts a substantial order backlog of approximately Rs. 21,458 crore (net of taxes), indicating promising revenue growth in the future. These concessions are valid for a period of 8 to 10 years. The stock’s 52-week high is Rs 389 and its 52-week low is Rs 172.05. The stock gave multibagger returns of 100 per cent in just 1 year; 410 per cent in 3 years and a whopping 1,750 per cent in 5 years. 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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