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Apart from being India’s largest manufacturer & exporter of electronic energy meters, Genus Power (Code: 530343) (Rs.18.85) is also an EPC contractor as it executes turnkey transmission & distribution power projects like setting up transmission towers, execution of civil work, laying of cables, installation of transformers etc. It even undertakes rural electrification projects, energy accounting and auditing at all distribution levels, comprehensive billing solutions for utilities etc. Further it has developed its own SCADA solution named G-SCADA to cater to the varying needs of electric & water utilities and other manufacturing units. In March 2010, it tripled its meter manufacturing capacity to 65 lakh units and inverter/UPS capacity to 6 lakh units. Its products are exported to over 20 countries with the focus SAARC, Middle East, African and Latin American countries, where power reforms are taking place in a big way. To cater especially to Brazilian and other South American countries, the company has formed a joint venture in Brazil to manufacture electronic energy meters and provide state-of-art automated meter reading (AMR) technology. It has an order book position of Rs.730 crore, of which 50% is for metering system and the balance 50% is from ECC – power projects. Further it claims to have participated in tenders to the tune of Rs.2050 crore and expects a few orders shortly. In February 2011, it allotted 40 lakh equity shares on conversion of warrants at Rs.19 per share. It may end FY11 with EPS of Rs.4.25 on its current equity of Rs.15.20 crore having face value of Rs.1 per share. However, the company has recently decided to sell its Jaipur manufacturing unit as a going concern, which may impact future revenue & profit. Despite this, investors can buy this scrip at current levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Apart from being India’s largest manufacturer & exporter of electronic energy meters, Genus Power (Code: 530343) (Rs.18.85) is also an EPC contractor as it executes turnkey transmission & distribution power projects like setting up transmission towers, execution of civil work, laying of cables, installation of transformers etc. It even undertakes rural electrification projects, energy accounting and auditing at all distribution levels, comprehensive billing solutions for utilities etc. Further it has developed its own SCADA solution named G-SCADA to cater to the varying needs of electric & water utilities and other manufacturing units. In March 2010, it tripled its meter manufacturing capacity to 65 lakh units and inverter/UPS capacity to 6 lakh units. Its products are exported to over 20 countries with the focus SAARC, Middle East, African and Latin American countries, where power reforms are taking place in a big way. To cater especially to Brazilian and other South American countries, the company has formed a joint venture in Brazil to manufacture electronic energy meters and provide state-of-art automated meter reading (AMR) technology. It has an order book position of Rs.730 crore, of which 50% is for metering system and the balance 50% is from ECC – power projects. Further it claims to have participated in tenders to the tune of Rs.2050 crore and expects a few orders shortly. In February 2011, it allotted 40 lakh equity shares on conversion of warrants at Rs.19 per share. It may end FY11 with EPS of Rs.4.25 on its current equity of Rs.15.20 crore having face value of Rs.1 per share. However, the company has recently decided to sell its Jaipur manufacturing unit as a going concern, which may impact future revenue & profit. Despite this, investors can buy this scrip at current levels.
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