Market size of Smart Meters in India – The market size of domestic smart meter observed huge growth. On June, 2024, about 117 million consumer smart meter has been given award and approximately 12.4 million smart meters have been executed in India through Smart Meter National Programme (SMNP)operating towards government vision of installing 250 million smart meters in India by 2025. This shows substantial growth compared to previous year, showing the increased efforts of different states to build modern power distribution channel. the market size of Smart Meter in india was valued at USD 219 million by 2023 and is projected to reach market size of USD 3179.5 million by 2032 at a CAGR of 34.57% during projhjected period of 2024-2032.
Global Smart Gas meter market size – The smart gas meter market size across worlwide is facing huge increment, led by government initiatives, rising energy efficiency concerns and the requirement of better resources. As per latest data provided, the market size at world level in terms of shipment volume is projected to rise from 17.74 million units in 2024 to 25.71 million units by 2029 at a CAGR of 7.71%. Europe has occupied top position with countries such as UK and Italy deploying huge scale of smart gas meters. North America and Asia Pacific region are also observing huge scale adoption, led by increasing global requirement of natural gas.
India’s Smart Gas Meter market – The transition towards smart gas meter is part of government’s vision towards increasing digitalisation and smart infrastructure movement, showing huge scope in initial stage of Indian Smart Gas Meter market. This segment is projected to increase quickly, showing huge opportunities for domestic manufacturers and technology providers. There are more than 120 million gas connections are forecasted to increase in country by FY-2030. India’s gas metering traditionall was dependent on diaphragm meters which has restrictions. At present, Smart Gas Meters are evolving as transformative force specially in urban regions and new distribution channels. Inspite of many issues, smart meters will increase efficiency, fairness, and sustainability of India’s gas industry providing benefits to companies, consumers, and wide economy.
Global Smart Water Meter market – The smart water meter market at world level is facing huge growth. As per latest market research, the global smart water meter was valued at USD 2.6 billion in 2023 and is projected to reach USD 23 billion by 2032 with amazing growth of 14% CAGR from 2024 to 2032. Government and utility companies are encouraging smart water meters to reduce wastage, identify leakage, and ensure perfect billing, taking benefit of real-time monitoring and data ananlytics for improved resource management. Countries like USA, Japan and many European companies have attained top position in accepting, led by government initiatives, increasing water infrastructure. The Asia-Pacific region is observing huge growth with countries like China and Australia making investment in smart water technologies.
Smart Water Meters in India – India is slowly adopting smart water meter, led by rising water shortage and urbanization. The small programs in cities such as Mumbai, Delhi, Bangalore shows huge scope of this market. Government schemes such as Smart Cities Mission and Jal Jeevan Mission are projected to increase acceptance though issues such as limited awareness. The purpose of India is to adopt sustainable water management, smart meters will play important for conserving resources and assure fair distribution. In this article we will learn interesting information about Genus Power Infrastructures Ltd Share Price Target, market cap, ROCE, ROE, headquarters, revenue, net profit, shareholding pattern, promoter, established.
Genus Power Infrastructures Ltd – Key Points
Name of the promoter
Mr. Ishwar Chand Agarwal
Industry
Electricty metering solutions
Established
1992
Headquarters
Jaipur, Rajasthan
Employees
2,739
Production capacity per annum
11 million
LOA+ signed contracts
36 million meters
Integrated manufacturing
7 lakh sq. ft.
Genus Power Infrastructures Ltd – Statistics
Market cap
Rs 8,539 crores
ROCE
9.76%
ROE
5.92%
Electricity meters installed
80+ million
Different utilities across the country
40+
Clients
Adani, NTPC, Reliance Energy, Tata Power, NDPL, UPPCL, Power grid
Book value
Rs 54.2
About Genus Power Infrastructures Ltd
Genus Power Infrastructures Limited was established in 1992 is top player in smart metering solutions in India with more than deep experience and knowledge of 25 years. The company in the beginning focused on providing electric metering, Genus in stepping into gas and water metering supported by strong R&D investments. The company integrated modern technologies in smart meters, gas meters, data loggers, and smart water meter ensures huge efficiency, accuracy, and sustainability placing Genus as competitive player in industry at world level. The State and Private Power utilities has given strong approval in India, the company has massive production capacity to provide genuine, creative metering solutions. The company concentrates on real-time data checking, remote reading, and precise consumption guidelines encourages its development strategy in evolving markets for smart gas and water meters.
In FY-24, Genus Power performed amazing transaction with an affiliate of GIC Singapore to establish a platform to provided finance to Smart Metering Projects in India an initial Pipeline of USD 2 Billion. GIC will acquire stake of 76% in the platform and Genus Power remaining 26%. Moreover, another affiliate of GIC (M/S Chiswick Investment Pvt. Ltd) invested Rs 519 crores in Genus Power. GIC is a top player in investment firm established in 1981 to safegurad financial position in Singapore. The manager of Singapore foreign reserves is GIC makes systematic, long-term strategy for investment and has made unique position among various asset classes and unique strategies at world level. These include fixed income, equities, private equity, real estate, venture capital, and infrastructure. The vision of GIC is long-term, multiple asset capacity, and worldwide connectivity encouraging them to be investor of their choice. GIC is looking to provide valuable investments. The headquarters of GIC is located in Singapore world with total employees of 1900 people in 11 main financial cities and made investments in 40 countries.
The company has remained ahead in energy sector by building modern metering solutions. The company has installed over 80 million meters worldwide, the company has made strong commitment to bring huge revolution through approach the utilities manage and distribute energy. The company is one of the top players in electricity metering solutions in India by capturing market share of 27%, the company has made huge dedication to modern technology and creative design to fulfill requirements of Utility providers worldwide. The company is improving its business from manufactruing company to service based entity with proper planning to shift into software services company in upcoming years. The extensive product portfolio includes smart meters, final deployment and support services modern software solutions, Advanced Metering Infrastructure (AMI), assuring smooth integrations and maximum performance with utility systems.
The company has build memorable journey with smart strategies such as partnerships with GIC, Singapore to establish platform for controlling Advanced Metering Infrastructure Service Providers (AMISP) concessions. This movement highlights strong commitment to build better products and work with perfection, developing strong position by taking benefits of rising demand of smart metering solutions for sustainable future.
Genus Power has attained top position of smart metering solutions providing wide variety of advanced metering solutions to fulfill the requirements of Utilities. The product portfolio of company includes:
Software solutions including Head End System and Meter Data Management System.
Commercial, residential, and Industrial Energy Meters, Water meters and Gas meters.
Prepayment meters
Grid and Substation meters
Net Metering Solutions
Smart Street Light Management System (SSLMS)
Communication Devices
Facility Management Services (FMS)
The company is expanding its business beyond electricity by entering into smart gas and water metering, taking benefit of modern technologies to assure accurate measurement and effective resources management.
Smart Gas Meters – This shows perfect tracing of consumption, leakage identification, and integration with IoT technologies for genuine data checking.
Smart Water Meters – By using ultasonic and electromagnetic technologies for perfect accuracy, dependency, installed with IoT technologies for remote data checking and data analysis.
Data Loggers – The data loggers are important for modern data collection systems, delivering genuine and precise monitoring solutions across different uses. They smoothly connect with current gas and water meters, improving their functions with genuine data transmissions and remote monitoring capacity.
Growth Strategy of Genus Power
Enhancing software capabilites – The company is paying attention on building strong platforms such as Head End Systems (HES) and Meter Data Management Systems (MDMS). These solutions encourage smooth interconnection with several communication technologies and provide backup of utilities in maintaining customer operations effectively, by placing Genus as top player in digital transforming of utility sector.
Expanding product offerings – To provide capital on rising demand for smart metering solutions, Genus Power is increasing its product portfolio by including smart gas and water meters. This strategic diversification interconnects with trends going in international markets towards sustainability and efficiency of resource, encouraging Genus to stepped into new markets and generate revenue. The company is taking benefit of strong research and growth capacity to imrpove product and increase its product portfolio assuring it maintains strong competition in international market.
Strategic partnerships and market presence – The company is taking smart approach and collaborations to increase strong presence in market and bring huge growth. By encouraging transformation and improving software and analytical skills. The purpose of company is to develop strong position as a top player of metering and utility solutions. this smart move is forecasted to bring growth and encourage to fulfill chnaging requirements of utilities segment in rapidly developing global environment.
The manufacturing units is strategically located in Jaipur, Haridwar, and Guwahati with integrated installed capacity over 11 million meters annually. The production capacity is going to increase with development of new greenfield unit in Guwahati, created to provide best quality smart meters.
Revenue and net profit
Particulars
FY-24 (Rs. in crores)
Sales
1,201
Expenses
1,065
EBITDA
135
Other income
55
Interest
58
Depreciation
21
Profit before tax
112
-Tax (%)
33%
Net profit
75
EPS in Rs.
2.47
Balance Sheet (FY-24)
Liabilities
Rs
Assets
Rs
Equity Capital
30
Fixed assets
193
Reserves
1,534
CWIP
15
Borrowings
588
Investments
314
Other Liabilities
606
Other assets
2,237
Total Liabilities
2,758
Total assets
2,758
Shareholding Pattern (Dec. 2024)
Pomoters
39.39%
FIIs
22.79%
DIIs
3.57%
Public
34.27%
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Genus Power Infrastructures Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
280
295
310
2026
316
338
359
2027
364
394
423
2028
429
456
482
2029
489
530
570
2030
573
604
634
2035
1146
1286
1425
2040
2292
2428
2564
Genus Power Infrastructures Ltd Share Price Target – 2025
If market observes downward trends, the minimum projected price is anticipated to reach Rs 280. The average trading price is projected to hit Rs 295 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to reach Rs 310. The automated SMT lines are at the core of electronic manufacturing process. This lines are installed with modern technology to fix components with huge accuracy and speed, assuring perfection of meters. The precision moulding techniques encourages to build best quality plastic components that are main part of smart meters.
Genus Power Infrastructures Ltd Share Price Target – 2026
If market observes downward sentiments, the minimum forecasted price is estimated to reach Rs 316. The average trading price is projected to reach Rs 338 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 359. The company uses modern moulding techniques to build components with accurate specifications to fulfill strict compliance required for products. The company follows best international guidelines to assue best quality product is delivered. the product is designed, tested, and produced as per international standards and meet customer demands.
Genus Power Infrastructures Ltd Share Price Target – 2027
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs364. The average trading price is projected to hit Rs 394 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 423. The company has adopted unique production strategies to reduce waste and promote recycling. The measures taken by company are recycling plastic, paper waste, reducing the use of paper through digital systems, and efficient e-waste management. The company has executed e-waste policy that highlights proper disposal of electronic items.
Genus Power Infrastructures Ltd Share Price Target – 2028
If market observes downward sentiments, the minimum projected price is estimated to reach Rs 429. The average trading price is projected to hit Rs 456 at the mid of the year. If the market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 482. In FY-24, the company has distributed 1.55 lakh smart gas meters. The initiatives such as Indian Government Smart Meter National Programme (SMNP) and huge support towards digitalisation and smart infrastructure, the company is looking to grab attention in this sector. The company has delivered first smart water meter under initiave to international client.
Genus Power Infrastructures Ltd Share Price Target – 2029
If market observes downward sentiments, the minimum projected price is anticipated to reach Rs 489. The average trading price is projected to hit Rs 530 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 570. The company has introduced Static Ultrasonic Smart Water Meter that offers precise usage measurement for both residential and commerical use. This modern meter stands ahead compared to traditional mechanical models with integrated functions such as in-built memory for securing information and several communication options for remote reading.
Genus Power Infrastructures Ltd Share Price Target – 2030
If market observes downward sentiments, the minimum projected price is anticipated to reach Rs 573. The average trading price is forecasted to hit Rs 603 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 634. There are many issues in Africa, the company targeting Nigeria’s increasing National Mass Metering Programme and taking benefit of opportunities in Burundi, kenya, and Ethiopia. The company undertakes African and World Bank projects to improve energy management. The company has talented team of software with more than 425 years of software experience out of which certain portion is meter segment.
Genus Power Infrastructures Ltd Share Price Target – 2035
If market observes downward sentiments, the minimum projected price is estimated to reach Rs 1146. The average trading price is projected to hit Rs 1286 at the mid of the year. If market observes nullish signals, the maximum projected price is expected to reach Rs 1425. The company has transformed itself from manufacturing to service based business and is on proper way to become software service provider in future. The company has streamlined in-house Meter Data Management System to interconnect due to consistent technology platform.
Genus Power Infrastructures Ltd Share Price Target – 2040
If market observes downward trends, the minimum projected price is estimated to reach Rs 2292. The average trading price is projected to hit Rs 2428 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to hit Rs 2564. The company’s design can be customized encourages scalable solutions for managing huge volumes of meters. The company consistently develops software segment and is building even better modern meter data managing solutions.
FAQs
Q1) Who is CEO of Genus Power Infrastructures Ltd?
Ans – TheCEO of Genus Power Infrastructures Ltd is Mr. Rajendra Kumar Agarwal.
Q2)Who is CFO of Genus Power Infrastructures Ltd?
Ans – TheCFO of Genus Power Infrastructures Ltd is Mr. Nathulal Nama.
Q3) What is the business of Genus Power Infrastructures Ltd?
Ans – The company is engaged in manufacturing and supplying of Smart Energy Meters, Power Distribution Management Projects and Hybrid microcircuits in India and international markets.
Q4) What is the total order book Genus Power Infrastructures Ltd?
Ans – The company said that its total order book position was Rs 31,302 as of 31st December, 2024.
Q5) What is old name of Genus Power Infrastructures Ltd?
Ans – Theold name of Genus Power Infrastructures Ltd is “Genus Overseas Electronics Limited” incorporated in 1992.
Q6) What is turnover of Genus Power Infrastructures Ltd?
Ans – Theturnover of Genus Power Infrastructures Ltd in FY-13 was Rs 652 crores which has increased to Rs 1,201 crores in FY-24.
Q7) What are the results of Genus Power Infrastructures Ltd?
Ans – The net profit of company in FY-13 was Rs 45 crores which has increased to Rs 75 crores in FY-24. The net profit of Q1, Q2, and Q3 of FY-25 is Rs 42 crores, Rs 58 crores, and Rs 68 crores.
Q8) Is Genus Power Infrastructures Ltd a good stock to buy?
Ans – The Genus Power Infrastructures Ltd is little bit risky stock to buy. The share price of company in FY-2008 was Rs 11.97 which has increased to Rs 280 in FY-25 generating returns of almost 2243.36% in past 17 years. The reason this stock is risky because company is Long-term debt of Rs 495 crores and Short-term borrowings of Rs 678 crores. If company repays its debt in future then this stock is good option for investment.
