Buy Genus Power Infrastructures, target price Rs 325: ICICI Securities

ICICI Securities has buy call on Genus Power Infrastructures with a target price of Rs 325. The current market price of Genus Power Infrastructures Ltd. is Rs 270.

Genus Power Infrastructures Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 8104.17 Crore) operating in Electric/Electronics sector.

Genus Power Infrastructures Ltd. key Products/Revenue Segments include Electronic Energy Meters, Other Services, Export Incentives, Income From Contracts and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 257.15 Crore, down -16.62 % from last quarter Total Income of Rs 308.40 Crore and up 15.95 % from last year same quarter Total Income of Rs 221.77 Crore. Company reported net profit after tax of Rs -.06 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 50.27 per cent stake in the company as of 31-Dec-2023, while FIIs owned 2.05 per cent, DIIs 5.48 per cent.