Rs 32,500 crore order book & 52-week high: This multibagger smart prepaid meters manufacturer bags new orders worth over Rs 11,000 crore
The stock gave multibagger returns of 100 per cent from its 52-week low; 660 per cent in 3 years and a whopping 2,090 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.
Genus Power Infrastructures Limited’s wholly-owned subsidiary has received three Letter of Awards (LOA) worth Rs 4,469.04 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 about 5.59 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
Earlier, the company’s wholly-owned subsidiary received six orders worth Rs 6,534.04 crore (net of taxes) for two separate projects. The first project involves the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) for the design, supply, installation, and commissioning of an Advanced Metering Infrastructure (AMI) system with FMS for approximately 4.26 million Smart Prepaid Meters, system meters, and DT Meters with corresponding energy accounting on a DBFOOT basis. The second project also involves the appointment of AMISPs for similar work but with a slightly smaller scope of approximately 3.75 million Smart Prepaid Meters, system meters, and DT Meters. The total value of the LOAs for the second project is Rs 2,925.52 crore (net of taxes).
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Genus Power Infrastructures Ltd. started in 1995, is amongst the largest players in India’s electricity metering solutions industry, with a 27 per cent market share. The company is the market leader in various kinds of meters and has developed ‘smart metering solutions’, with in house R&D centre. The company also has an engineering, construction and contracts (ECC) division which complements the existing meters business. The company has manufacturing plants across Jaipur, Haridwar and Guwahati with a total installed capacity of over 10 million meters. The company’s key customers include the major State electricity boards (SEBs) and private utilities.
The company has a market cap of over Rs 13,800 crore and including the above orders, its order book stands at Rs 32,500 crore. 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.
The stock made a new 52-week high of Rs 476 per share on August 30 while its 52-week low is Rs 204.60. The stock gave multibagger returns of 100 per cent from its 52-week low; 660 per cent in 3 years and a whopping 2,090 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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