Genus Power | SBI Securities has bet on this comprehensive metering solutions provider for a target of ₹320, indicating a 19.4% upside from current levels.
It believes that the smart metering opportunity remains substantial, with 31 to 32 crore electricity meters expected to transition to smart meters and nearly 8-9 crore of them expected to be tendered this financial year.
SBI Securities expects a revenue CAGR of 18.6%, EBITDA CAGR of 15.4% and PAT CAGR of 10.6% over financial year 2026-2028.
Calling valuations compelling, the firm said the share buyback announced will act as a cushion in the current volatile environment.
Project execution delays, dependency on government tenders, delay on improving working capital cycle are some key risks.
Genus Power | SBI Securities has bet on this comprehensive metering solutions provider for a target of ₹320, indicating a 19.4% upside from current levels. It believes that the smart metering opportunity remains substantial, with 31 to 32 crore electricity meters expected to transition to smart meters and nearly 8-9 crore of them expected to be tendered this financial year. The gas metering opportunity in India is also estimated to be about ₹35,000 crore to ₹36,000 crore over the next 3-4 years, while the management also sees ₹500 crore worth of international business potential over the same time frame. The company also has a robust order book. SBI Securities expects a revenue CAGR of 18.6%, EBITDA CAGR of 15.4% and PAT CAGR of 10.6% over financial year 2026-2028. Calling valuations compelling, the firm said the share buyback announced will act as a cushion in the current volatile environment. Project execution delays, dependency on government tenders, delay on improving working capital cycle are some key risks.
