GENUSPOWER
Genus Power share price & financials
- Price
- ₹324.7
- Market cap
- ₹9.8k Cr
- Sector
- Capital Goods
- Calls analysed
- 6
Genus Power Q4 FY26
What went well
- Q4 FY26 standalone revenue stood at ₹1,524 crores, representing a strong growth of 63% YoY and 36% sequentially.
- FY26 standalone revenue grew 94% YoY to ₹4,738 crores, driven by accelerated project implementation.
- FY26 EBITDA grew 104% YoY to ₹960 crores, with EBITDA margin improving by 102 bps to 20.3%.
What to watch
- Q4 FY26 saw moderation in gross margins due to a change in product mix (higher contribution from project business with elevated raw material consumption) and exchange rate fluctuations.
- Net debt increased by ₹968 crores YoY to ₹1,573 crores as of March 31, 2026, primarily from short-term loans.
What Genus Power does
Genus Power Infrastructures designs, manufactures and installs smart electricity, gas and water meters, and also operates as an Advanced Metering Infrastructure Service Provider (AMISP) under the TOTEX (capex+opex) model, taking end-to-end responsibility for meter deployment, communication networks and data management for power utilities across India. It runs an in-house technology stack spanning smart meters, Head-End Systems (HES) and Meter Data Management Systems (MDMS), and has partnered with GIC (Singapore) to scale AMISP contracts through a dedicated platform in which Genus also supplies meters to other AMISPs as an OEM. Meters are manufactured across integrated plants in Haridwar, Jaipur and Guwahati, and the company's meters are installed in roughly one in five Indian households.
Segments
- Smart Electricity Meters
- AMISP Projects
- Smart Gas & Water Meters
- Software & Systems (HES/MDMS)
- Cumulative meters installed
- 105+ million
- Household reach
- Genus meters installed in roughly 1 in 5 Indian households (90+ million meters)
- Annual meter production capacity
- 18+ million meters/year
- Manufacturing plants
- 4 (Haridwar Plant-1, Haridwar Plant-2, Ramchandrapura-Jaipur, Guwahati Plant-1)
- Manufacturing floor space
- ~9,96,000 sq. ft. of integrated manufacturing facilities
- Workforce (on-roll + off-roll)
- 16,800+
Guidance record · Q4 FY26
what the last two calls moved 14 tracked 4 delivered 1 missed 9 open- FY26 Revenue delivered said Q4 FY25 Promised: INR 4,000 crores Q4 FY26: Actual FY26 Revenue was Rs. 4,738 crores, exceeding the revised guidance of Rs. 4,500 crores.
- FY26 Meter Installations went quiet said Q4 FY25 Promised: 7 to 8 million meters Q4 FY26: The final number of meters installed/commissioned in FY26 was not explicitly stated to verify against the 8-9 million target. Management mentioned crossing a cumulative 1 crore installation milestone.
- Cash Flow Positivity delayed said Q1 FY26 Promised: By FY26 Q4 FY26: Further delayed. Management now expects positive cash flow by Q1/Q2 FY28, with FY27 being 'at par or maybe a little negative'.
All 14 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 44.9%, net profit up 43.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487 | 604 | 937 | 942 | 1,149 +136% | 1,122 +86% | 1,537 +64% | 1,365 +45% |
| EBITDA | 81 | 93 | 196 | 199 | 234 +189% | 212 +128% | 267 +36% | 260 +31% |
| Net profit | 83 | 57 | 123 | 137 | 143 +72% | 140 +146% | 172 +40% | 197 +44% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −0.3% 1Y
1Y: ₹324.1 on 10 Sept 2025 → ₹323.1. High ₹354.45 (6 Nov 2025), low ₹214.9 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- +1.5%
- 19 May
- Q3 FY26
- +2.3%
- 11 Feb
- Q2 FY26
- −0.3%
- 7 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 80.5% a year over 3 years, FY23 to FY26. Operating margin widened to 19.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹808 Cr | ₹1.2k Cr | ₹2.4k Cr | ₹4.8k Cr |
| Operating profit | ₹78 Cr | ₹121 Cr | ₹433 Cr | ₹912 Cr |
| Operating margin | 9.7% | 10.1% | 17.7% | 19.2% |
| Interest | ₹29 Cr | ₹57 Cr | ₹117 Cr | ₹162 Cr |
| Depreciation | ₹20 Cr | ₹22 Cr | ₹35 Cr | ₹55 Cr |
| Net profit | ₹35 Cr | ₹86 Cr | ₹311 Cr | ₹592 Cr |
| Net margin | 4.3% | 7.2% | 12.7% | 12.5% |
| Cash from operations | ₹86 Cr | ₹-152 Cr | ₹-443 Cr | ₹-219 Cr |
| Free cash flow | ₹62 Cr | ₹-224 Cr | ₹-556 Cr | ₹-514 Cr |
| ROCE | 6.0% | 11.0% | 19.0% | 25.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹28 Cr | ₹30 Cr | ₹28 Cr |
| Reserves | ₹882 Cr | ₹934 Cr | ₹957 Cr | ₹1.5k Cr | ₹1.8k Cr | ₹2.2k Cr |
| Borrowings | ₹207 Cr | ₹271 Cr | ₹347 Cr | ₹588 Cr | ₹1.7k Cr | ₹2.3k Cr |
| Other liabilities | ₹254 Cr | ₹284 Cr | ₹334 Cr | ₹608 Cr | ₹1.8k Cr | ₹1.8k Cr |
| Total liabilities | ₹1.4k Cr | ₹1.5k Cr | ₹1.7k Cr | ₹2.8k Cr | ₹5.4k Cr | ₹6.3k Cr |
| Fixed assets | ₹163 Cr | ₹156 Cr | ₹157 Cr | ₹193 Cr | ₹293 Cr | ₹487 Cr |
| Capital work in progress | ₹0 Cr | ₹2 Cr | ₹7 Cr | ₹15 Cr | ₹126 Cr | ₹64 Cr |
| Investments | ₹259 Cr | ₹314 Cr | ₹340 Cr | ₹209 Cr | ₹168 Cr | ₹169 Cr |
| Other assets | ₹944 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹2.4k Cr | ₹4.8k Cr | ₹5.6k Cr |
| Total assets | ₹1.4k Cr | ₹1.5k Cr | ₹1.7k Cr | ₹2.8k Cr | ₹5.4k Cr | ₹6.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +2.33 pp while FIIs trimmed −1.70 pp. The shareholder count shrank 9% to 1,67,535.
- Promoters
- 39.3%
- FIIs
- 18.7%
- DIIs
- 3.0%
- Public
- 38.9%
- Others
- 0.0%
Since Jun 2025
- Public +2.33 pp
- FIIs −1.70 pp
- DIIs −0.63 pp
How it drifted, 12 quarters
Over this window FIIs went from 2.5% to 18.7% — +16.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 50.3%, FIIs 2.5%, DIIs 5.4%, Public 41.8%.Dec '23: Promoters 50.3%, FIIs 2.0%, DIIs 5.7%, Public 42.0%.Mar '24: Promoters 42.7%, FIIs 16.9%, DIIs 5.0%, Public 35.5%.Jun '24: Promoters 42.7%, FIIs 17.9%, DIIs 4.8%, Public 34.6%.Sep '24: Promoters 39.3%, FIIs 22.5%, DIIs 3.5%, Public 34.6%.Dec '24: Promoters 39.4%, FIIs 22.8%, DIIs 3.6%, Public 34.3%.Mar '25: Promoters 39.4%, FIIs 22.4%, DIIs 3.8%, Public 34.5%.Jun '25: Promoters 39.4%, FIIs 20.4%, DIIs 3.7%, Public 36.5%.Sep '25: Promoters 39.4%, FIIs 18.8%, DIIs 3.4%, Public 38.5%.Dec '25: Promoters 39.3%, FIIs 18.7%, DIIs 3.2%, Public 38.7%.Mar '26: Promoters 39.3%, FIIs 18.9%, DIIs 3.3%, Public 38.4%, Others 0.0%.Jun '26: Promoters 39.3%, FIIs 18.7%, DIIs 3.0%, Public 38.9%, Others 0.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Barclays Wealth Trustees India Private L newly disclosed 1.02% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Genus Power above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hi - Print Electromack Private Limited | 15.55% | unchanged |
| Chiswick Investment Pte Ltd FPI fund | 15.11% | unchanged |
| Vikas Kothari | 9.05% | unchanged |
| Nippon Life India Trustee Ltd-A/C Nippon Mutual fund | 2.84% | unchanged |
| Kailash Coal And Coke Company Limited | 2.61% | unchanged |
| Kailash Chandra Agarwal | 2.31% | unchanged |
| Shanti Devi Agarwal | 1.84% | unchanged |
| Parul Agarwal | 1.69% | unchanged |
| Anju Agarwal | 1.67% | unchanged |
| Genus Innovation Limited | 1.57% | unchanged |
| Monisha Agarwal | 1.56% | unchanged |
| Blue Daimond Properties Pvt Ltd | 1.38% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in GENUSPOWER
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹235 Cr
- 1 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹235 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹235 Cr | held | Jan '16 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +544%
- vs est. average cost
- Held by funds
- ₹235 Cr
- 1 schemes · ≈ 2.3% of the company
Shares held by these funds −46%
Aug '23 70.00 L shares Jul '26
All earnings calls (6)
Read the Q4 FY26 call →Learn to analyse Genus Power
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