All Reports
Genus Power Infrastructures Ltd
NSE: GENUSPOWERSmall Cap
Current Price
₹310
As of 20 May 2026
Market Cap
₹9.27K Cr
As of 20 May 2026
India's smart-meter king, three overhangs to clear
Report updated: 2026-05-18
fundamentalsinfo.comLive
Genus Power Infrastructures Ltd
NSE: GENUSPOWER· Small Cap
India's largest smart-meter manufacturer + AMISP — 2.5 crore meters supplied (~45% of all smart meters installed in India). Order book Rs.27,000 Cr (10x FY25 revenue) with 8-10 year concession periods. 9M FY26 revenue Rs.3,214 Cr (+114% YoY), PAT Rs.424 Cr (+157%). Kailash Group, founded 1992. GIC SPV co-investment partner. Listed NSE / BSE mainboard.
Rs.314
Share price
Rs.9,551 Cr
Market cap
Rs.27,000 Cr
Order book (Dec-25)
Rs.424 Cr
9M FY26 PAT (+157%)
16.1x
Trailing P/E
39.34%
Promoter holding
Stock Funda Summary
- Genus Power is India's largest smart-meter player by installed base — 2.5 crore meters supplied (~45% market share), neck-to-neck with Adani Energy Solutions.
- Kailash Group company, founded 1992.
- Rs.27,000 Cr order book (10x FY25 revenue) under the RDSS scheme provides 8-10 year visibility. 9M FY26 revenue Rs.3,214 Cr (+114%), PAT Rs.424 Cr (+157%), EBITDA margin 21.3%.
- Stock has corrected ~22% from peak (Rs.430 to Rs.314) on three overhangs: ED raid Dec 2024 (no notice 13 months later), GIC's listed-equity block-deal sale partially still in market, and cash-flow-positive timing quietly slipped to end-FY27.
- P/E 16.1x.
- Rerate sits on the working-capital cycle collapsing from 210 days to 75-100 days as guided.