ICICI Securities has buy call on Genus Power Infrastructures with a target price of Rs 107. The current market price of Genus Power Infrastructures is Rs 82.85.
Genus Power Infrastructures Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2124.62 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.
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 223.20 Crore, up 13.26 % from last quarter Total Income of Rs 197.08 Crore and up 26.15 % from last year same quarter Total Income of Rs 176.93 Crore. Company reported net profit after tax of Rs 6.74 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating on GPIL and target price of Rs107, valuing the stock at 20x FY24E EPS of Rs5.4/sh. At the CMP of Rs83/share, the stock is trading at 15.4x P/E and 2.1x P/B on FY24E basis.
Promoter/FII Holdings
Promoters held 50.44 per cent stake in the company as of 30-Sep-2022, while FIIs owned 1.81 per cent, DIIs 5.04 per cent.
Genus Power Infrastructures Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2124.62 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 30-09-2022, the company reported a Consolidated Total Income of Rs 223.20 Crore, up 13.26 % from last quarter Total Income of Rs 197.08 Crore and up 26.15 % from last year same quarter Total Income of Rs 176.93 Crore. Company reported net profit after tax of Rs 6.74 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating on GPIL and target price of Rs107, valuing the stock at 20x FY24E EPS of Rs5.4/sh. At the CMP of Rs83/share, the stock is trading at 15.4x P/E and 2.1x P/B on FY24E basis.
Promoter/FII Holdings
Promoters held 50.44 per cent stake in the company as of 30-Sep-2022, while FIIs owned 1.81 per cent, DIIs 5.04 per cent.
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