Rs 6,323.84 crore order book: This small-cap electrical equipment company wins order worth Rs 2,207.53 crore and announces dividend!

The stock gave multibagger returns of 120 per cent in just 2 years and over 500 per cent in 3 years.

Genus Power Infrastructures Ltd, a leading metering solutions provider & manufacturer for the power distribution industry, has received a letter of award (LOA) of Rs 2,207.53 crore for the appointment of an Advanced Metering Infrastructure Service Provider (AMISP) including the design of AMI system with supply, installation and commissioning of 27.69 lakh smart prepaid meters, feeder meter, DT meter level energy accounting and FMS of these 27.69 lakh smart meters.

Many State Electricity Boards (SEBs) have issued requests and solicited bids for the installation of smart meters, indicating that the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme' is having a tangible effect. The company foresees a strong influx of orders in the upcoming quarters of FY24.

Talking about the financials, the net sales increased by 11.75 per cent and net profit increased by 13.58 per cent in Q4FY23 over Q4FY22. The net sales increased by 18 per cent and the net profit increased by 35.49 per cent in FY23 over FY22.

Additionally, the company’s total order book stood at Rs 4,116.31 crore as of March 31, 2023. The company’s own order book stands at Rs 1,696 crore and the subsidiary company’s order book stands at Rs 2,420.31 crore. Including the above order, the company order book stands at Rs 6,323.84 crore.

Furthermore, the company have approved a dividend of 75 per cent or Rs 0.75 per share of a face value of Rs 1 each for the financial year March 31, 2023.

On Tuesday, one of the Top Gainers on BSE, shares of Genus Power Infrastructure Ltd zoomed 8.80 per cent to Rs 141 per share with the day’s high of Rs 149.65 and the day’s low of Rs 139. The shares also traded at a new 52-week high of Rs 149.50 per share with a spurt in volume by more than 5.35 times on BSE.

The stock gave multibagger returns of 120 per cent in just 2 years and over 500 per cent in 3 years. Investors should keep an eye on this small-cap stock.