Genus Power Infrastructures
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Genus Power Infrastructures is positioned for robust revenue growth, driven by a substantial order book exceeding INR 25,000 crores and the vast untapped smart metering market in India. Management's confidence in long-term growth is bolstered by the successful operational launch of all 24 AMISP projects, which enhances cash flow visibility through recurring O&M revenues. However, the company faces near-term challenges, including margin pressures from rising raw material costs and exchange rate fluctuations, leading to a revised EBITDA margin guidance of 18% for FY27. Despite these headwinds, Genus Power anticipates revenue between INR 6,000-6,500 crores for FY27, supported by strategic diversification into smart gas and water metering and export markets. The current macro environment in India, characterized by strong manufacturing activity and stable inflation, further supports the company's growth outlook. Over the next 12-24 months, key opportunities include expanding into adjacent markets and leveraging its manufacturing capacity, while watchpoints include managing working capital requirements and mitigating margin pressures from fixed-price contracts
Why We Like This Stock
- Strong order book exceeding INR 25,000 crores provides significant revenue visibility
- Successful operational launch of all AMISP projects enhances long-term cash flow through recurring revenues
- Strategic diversification into smart gas and water metering markets presents new growth avenues
Things To Watch Out For
- Margin pressures from rising raw material costs and exchange rate fluctuations may impact profitability
- Elevated working capital requirements due to simultaneous project execution could delay positive cash flow
- Revised EBITDA margin guidance of 18% for FY27 reflects challenges in maintaining profitability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,201 | 2,442 | 4,751 | 5,241 | 8,195 |
| Profit Before Tax (Cr.) | 130 | 402 | 768 | 928 | 1,420 |
| PBT Margin | 10.8% | 16.5% | 1616.5% | 17.7% | 17.3% |
| Net Profit (Cr.) | 87 | 332 | 602 | 699 | 1,070 |
| Earnings Per Share | 3.1 | 12.0 | 21.8 | 25.3 | 38.7 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Axis Securities | ► Hold | 335 | 20-May-2026 |
| Emkay Global | ▲ Buy | 550 | 20-May-2026 |
| ICICI Securities | ► Hold | 340 | 20-May-2026 |
Company Overview
Show Company Profile
Genus Power Infrastructures Limited, together with its subsidiaries, provides smart metering solutions in India and internationally. The company offers various electricity meters, including residential, commercial, and industrial meters; prepayment and smart meters; distribution transformer metering products; non-utility business or segment meters, such as panel, net, and ABT meters; and open access/grid meters. It also provides smart grid products, such as smart meters; smart city, including smart group metering products and smart streetlight management systems; advanced metering infrastructure service providers; and communication devices comprising optical probes, cellular modems, communication modules, and smart gateways, as well as renewable metering products; gas meters, which include smart and meter interface unit intellilog (g-Setu); ultrasonic water meter (SALIL); and data loggers. In addition, the company undertakes turnkey power projects for switchyard/substations, distribution/transmission lines, and rural electrification; and offers software solutions, including work force management, base computer software, smart meter mobile application, head end system, meter data management system, and prepared vending software. Further, it provides hybrid microcircuits for a wide range of applications, such as telecommunication, consumer, IT products, power electronics, automotive, industrial, R-networks, and other applications. The company exports its products to Burundi, Malaysia, Nigeria, Australia, Singapore, Nepal, and the United States. Genus Power Infrastructures Limited was incorporated in 1992 and is based in Jaipur, India.