Genus Power Gets ICICI Securities Downgrade On Recent Stock Run-Up

Genus had struck a marquee deal with GIC for an equity investment of Rs 5.2 billion for 15% stake in the company in Q1 FY24. Also, it is setting up a platform to bid for smart meter tenders in the future (Genus shall be the sole supplier of smart meters to this platform)..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.On the heels of a robust Q3 FY25, Genus Power Infrastructures Ltd. delivered an even stronger performance in Q4 FY25. It witnessed a sharp uptick in execution and profitability in H2 FY25 – revenue in H2 FY25 surpassed its full-year FY24 figure, while Ebitda margin improved 480 bps over H1 FY25’s level. As a result, FY25 revenue/Ebitda/PAT grew to ~2x/3.5x/4x its FY24 levels; Ebitda margin surged to 19.2% (+790bps YoY). Genus has almost achieved its guided revenue of Rs 25 billion for the fiscal and surpassed its Ebitda margin guidance of 15–16%. It has also increased its guidance for FY26 – revenue growth of ~65% (vs 30–40% earlier) and Ebitda margin of 18% (vs 15–16% earlier). Its order book, as of Mar’25, also surged to Rs 301 billion (+43% YoY). Note that a number of smart meter tenders are yet to be finalised. As a result, we expect new opportunities from smart meters to be healthy in FY26E/FY27E. However, given the recent run-up in Genus’ stock price, we downgrade the stock to Add, from Buy..Click on the attachment to read the full report:.Shriram Finance- Motilal Oswal's Top Pick In NBFC Sector — Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Genus Power Gets ICICI Securities Downgrade On Recent Stock Run-Up

With the recent run-up in the stock price, ICICI Securities downgrades its rating to Add, from Buy, but hikes target price.

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