Buy Genus Power Infrastructures, target price Rs 408: Axis Securities

Axis Securities has a buy call on Genus Power Infrastructures with a target price of Rs 408. The current market price of Genus Power Infrastructures is Rs 371.65. Genus Power Infrastructures, incorporated in 1992, is a Small Cap company with a market cap of Rs 11350.55 crore, operating in Electric/Electronics sector. Genus Power Infrastructures' key products/revenue segments include Electronic Energy Meters, Other Services, Other Operating Revenue, Export Incentives, Income From Contracts and Scrap for the year ending 31-Mar-2024. Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 549.86 crore, up 24.63% from last quarter Total Income of Rs 441.19 crore and up 78.29% from last year same quarter Total Income of Rs 308.40 crore. The company has reported net profit after tax of Rs 84.22 crore in the latest quarter. The company's top management includes Mr.Ishwar Chand Agarwal, Mr.Chirag Mansukh Patel, Mr.Gyan Prakash, Mr.Subhash Chandra Garg, Ms.Sharmila Chavaly, Dr.Keith Mario Torpy, Mr.Jitendra Kumar Agarwal, Mr.Rajendra Kumar Agarwal, Mr.Kailash Chandra Agarwal, Ms.Shweta Gupta. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2024, the company has a total of 30 crore shares outstanding. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Investment Rationale Genus Power Infrastructures recorded a revenue of Rs 901 crore in H1FY25 with the FY25 guidance being Rs 2500 crore. The management remains confident of achieving the annual target. This would be driven by a strong performance in H2FY25 led by a pick up in the pace of execution. Axis Securities believes expectations of a strong performance in H2FY25 along with the recent correction in the stock provides a good entry point at current levels. The stock is currently trading at 18x FY26E EV/EBITDA. Axis Securities recommends a BUY rating on the stock with a target price of Rs 408/share, implying an upside of 10% from the CMP. Promoter/FII Holdings Promoters held 39.39 per cent stake in the company as of 31-Dec-2024, while FIIs owned 22.79 per cent, DIIs 3.3 per cent. (You can now subscribe to our ETMarkets WhatsApp channel )