I-Sec downgrades Genus Power Infrastructures to Add, target price Rs 440

ICICI Securities has downgraded Genus Power Infrastructures from Buy to Add with a revised target price of Rs 440 (Earlier Rs 376). The current market price of Genus Power Infrastructures is Rs 376.45. Genus Power, incorporated in 1992, is a Small Cap company with a market cap of Rs 11708.83 crore, operating in Electric /Electronics sector.

Genus Power's 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 31-03-2025, the company has reported a Consolidated Total Income of Rs 957.55 crore, up 55.18% from last quarter Total Income of Rs 617.06 crore and up 119.74 % from last year same quarter Total Income of Rs 435.76 crore. The company has reported net profit after tax of Rs 119.02 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 Kapoor Patni & Associates as its auditors. As on 31-03-2025, the company has a total of 30 crore shares outstanding.

Investment Rationale
Given the recent run-up in the stock price, ICICI Securities has downgraded its rating on the stock to ADD, from Buy, with a revised target price of Rs 440/share (Rs 376 earlier), valuing the stock at 25x FY27E PAT.

Promoter/FII Holdings
Promoters held 39.38 per cent stake in the company as of 31-Mar-2025, while FIIs owned 22.38 per cent, DIIs 3.3 per cent.