Genus Power

GENUSPOWER · NSE · Mid Cap

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Smart Metering·Listed·Directness 45/100

Genus Power

Smart meter market leader; rooftop and DISCOM modernization beneficiary.

Smart Metering
Hold / Watchlist
Last price
₹333.00
52W: ₹207 – ₹422
-21.1% from 52W high
Mkt Cap
₹10.13K Cr
P/E
18.7x
EV/EBITDA
24.5x
ROCE
19.2%
ROE
18.1%
Book Value
₹62.6
Promoter
39.3%
Real financial data sourced from Screener.in · annual + quarterly statements below

Scoring breakdown

SageOne-style fundamental · TQ-100 technical · solar overlays

B+
Fundamental (30%)
74
Valuation (20%)
66
Technical (20%)
69
Solar exposure (10%)
45
Policy beneficiary (7.5%)
88
Project pipeline (5%)
90
Governance safety (7.5%)
80

52-week position

Real snapshot from Screener

₹207Current: ₹333₹422
P/E
18.7x
P/B
5.3x
Div Yield
0.76%

Investment thesis

One-liner · bull · bear · monitorables

One-liner. Genus Power: RDSS smart-meter rollout + PM Surya Ghar deliver high-visibility multi-year order book.

Bull case

Bull case for Genus Power: continued capacity ramp at attractive unit economics, supportive policy (PLI / ALMM / RPO / open access), benign module + commodity cycle, healthy receivable conversion, and re-rating from current valuation as execution beats consensus.

Bear case

Bear case for Genus Power: module/tariff price crash, working-capital blowout from DISCOM receivables, leverage spiking past 4x net-debt/EBITDA, ALMM/PLI delays, Chinese dumping, and de-rating to historical median multiples on growth disappointment.

Key monitorables
  • 01Quarterly capacity commissioned vs guidance
  • 02Receivable days from DISCOMs and large customers
  • 03Net debt / EBITDA trajectory
  • 04Order book to revenue cover

Solar exposure

Directness · policy linkage · BOM

Primary segmentSmart Metering
Directness45/100
ALMM eligible—
PLI beneficiary—
Imported BOM—

Valuation snapshot

Multiple methods · solar-specific multiples

MethodValueHist %ile
P/E (TTM)18.7x—
Forward P/E——
EV/EBITDA24.5x—
EV/Sales4.7x—
P/B5.3x—
FCF Yield-5.8%—

Project pipeline

0 tracked projects

No tracked projects.

Financials

Source: Screener.in (consolidated) · ticker GENUSPOWER · last updated 2026-05-11

Open on Screener.in
Market Cap
₹10.13K Cr
Price
₹333.00
Stock P/E
18.7x
Book Value
₹62.6
ROCE
19.2%
ROE
18.1%
Div Yield
0.76%
52W Range
₹207 – ₹422

Ratio analysis (derived from statements)

Growth · profitability · returns · leverage · cash flow · valuation

Growth
Sales 1Y103.3%
Sales 3Y CAGR52.8%
Sales 5Y CAGR41.5%
PAT 1Y257.5%
PAT 3Y CAGR76.0%
PAT 5Y CAGR45.7%
Profitability
OPM latest19.0%
PAT margin latest12.7%
PAT margin 3Y avg7.9%
ROE18.1%
ROCE19.2%
Asset turnover0.56x
Leverage & cash
D / E0.73x
Net Debt / EBITDA2.91x
Borrowings / Assets31.4%
CFO / EBITDA-0.94x
CFO / PAT-1.42x
FCF (TTM proxy)₹-585 Cr
Valuation
P/E18.7x
EV/EBITDA24.5x
EV/Sales4.71x
P/B5.32x
FCF Yield-5.78%
Div Yield0.76%

Annual P&L · 5 years

₹ Crore. Source: Screener.in consolidated.

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales6096858081,2012,442
Operating Profit1036079136470
OPM %17%9%10%11%19%
Net Profit69572987311
EPS (₹)2.672.231.122.8510.25

Quarterly results · last 4 quarters

₹ Crore.

MetricJun 2024Sep 2024Dec 2024Mar 2025
Sales414487604937
OPM %15%17%15%21%
Net Profit488357123

Balance sheet · 5 years

₹ Crore.

ItemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital2323232828
Reserves8829349571,5431,840
Borrowings2072713475881,366
Fixed Assets163156157193285
Total Assets1,3661,5121,6622,7674,346

Cash flow · 5 years

₹ Crore.

ActivityMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating1082886-152-443
Investing-39-108-79-431-142
Financing-53-1586523350
Net Cash Flow16-9593-60-235

Shareholding pattern

Latest disclosed

Promoters
39.34%
FII
18.89%
DII
3.34%
Public
38.37%

Policy linkages

Schemes where this company is a confirmed or likely beneficiary

PM Surya Ghar: Muft Bijli Yojana
MNRE · 2024-02-13
Confirmed

Net-meter rollouts