Genus Power, held in portfolios of AJAY UPADHYAYA & AKASH BHANSHALI, is recommended buy

Genus Power is held in the portfolios of Ajay Upadhyaya and Akash Bhanshali.

Ajay Upadhyaya holds 40,00,000 shares comprising 1.32% of the equity capital. Akash Bhanshali holds 36,08,418 shares comprising 1.19% of the equity capital. Vikas Kothari holds 2,75,43,850 shares comprising 9.06% of the equity capital capital.

Genus Power is recommended for buy by Axis Securities in its latest research report for the target price of ₹505. It is stated that Genus Power is spearheading the Smart Meter play with 27% market share. There is a huge opportunity in Smart Metering. The Order Book is ₹32,500 Cr. It is also stated that the GIC Platform is a game changer. The Revenue & EBITDA of Genus Power is expected to jump up significantly. It has a robust balance sheet and is Net Debt-free.

The report further states:

“Genus Power: Spearheading the Smart Meter Play

We initiate coverage of Genus Power Infrastructures Ltd. (GPIL) with a BUY recommendation and a target price of Rs 505/share, implying a potential upside of 20% from the CMP. GPIL is one of the largest players in the electricity metering solutions industry in India. With over 8 Cr meters installed globally; Genus has been at the forefront of electricity metering since its inception in 1992. It commands ~27% market share in India and is poised to scale to new heights. It has 1.1 Cr meters production capacity per annum and is currently expanding it to 1.5 Cr. GPIL offers comprehensive metering solutions to residential, commercial, and industrial users through Power Utilities and Discoms. For the optimal performance of Utilities and to reduce AT&C losses, smart meters play a vital role. GPIL’s comprehensive product portfolio includes Smart Meters, Advanced Metering Infrastructure (AMI), Endto-End Deployment, and Allied Software Support Services.”