Genus Power Infrastructures Ltd, recognized for its expertise in manufacturing and providing metering solutions, has seen an extraordinary surge in its stock value, soaring over 570% in 3 years. With a market cap of ₹6,816 Cr., a PE ratio of 82.4, the company is garnering attention from investors. This raises the question: is Genus Power Infrastructures Ltd an ideal investment opportunity?
Weekly Stock Analysis
Examining the weekly chart, Genus Power Infrastructures Ltd has experienced a significant uptrend.
Commencing near 38 rupees per share in January 2021, the stock has surged, concluding at 263.95 on January 4, 2024, on the NSE. This impressive climb translates to remarkable returns of over 570% in just three years. Presently, the stock is positioned at a critical juncture, hovering around its psychological point of 300 and a all time high of 290, marking a substantial milestone. The potential for consolidation or robust support at these levels, especially with considerable trading volume, hints at promising upside potential. Investors are strongly urged to closely monitor these levels for prospective opportunities.
Quarterly Results
In the latest standalone quarterly results, Genus Power Infrastructures reported impressive figures. Net sales for September 2023 were Rs 258.96 crore, up 18.45% from the previous year. Quarterly net profit rose to Rs 11.02 crore, reflecting a 7.92% increase from the corresponding period in 2022. The EBITDA stood at Rs 34.08 crore, marking a substantial 38.99% growth. With an increased EPS of Rs 0.43 in September 2023 from Rs 0.39 in September 2022, the company’s order book as of Q2FY24 stands at approximately Rs 14,000 crores.
About the Company
Genus Power Infrastructures Limited, part of the Kailash Group and incorporated in 1992, specializes in manufacturing and providing metering solutions. The company is also actively engaged in ‘Engineering, Construction, and Contracts’ on a turnkey basis, constituting its core business division. Additionally, Genus Power undertakes strategic investment activities, contributing to its multifaceted business approach.
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