Veteran investor Madhusudhan Kela acquired a 0.45% stake in Genus Power Infrastructure Limited through a block deal on June 30, 2026. According to reports from The Financial Express, Kela purchased 13.8 lakh shares worth ₹40 crore in the name of Madhuri Madhusudan Kela. The transaction occurred as Chiswick Investment Pte Ltd. sold 1.03 crore shares of the company. Additionally, three foreign institutional investors including Buoyant Opportunities Strategy Fund and Buoyant Opportunities Strategy -III Fund also participated in significant block deals on the same day. Profitex Shares & Securities Pvt. Ltd. also bought a significant stake comprising 44.8 lakh shares in a separate block deal.
Genus Power Infrastructure Limited is engaged in manufacturing meters and offering metering solutions, undertaking engineering and construction contracts on a turnkey basis for DISCOMs and utility departments. As reported by The Financial Express, the company has four manufacturing units with one million square feet of facilities and has manufactured and installed 105 million meters to date. The company offers both conventional meters including anti-tamper meters, single-phase, three-phase meters, and Current Transformer-operated meters, as well as advanced smart metering solutions including prepaid and postpaid smart meters, group and net metering, and smart city applications. This positions Genus Power as a full-stack Advanced Metering Infrastructure Service Provider (AMISP).
The company operates in India's early-stage smart metering revolution, with management estimating 31-32 crore smart meters required across the country. According to The Financial Express, only 15.6 crore smart meters have been tendered as of May 2026, indicating significant multi-year growth potential. Genus Power is positioning itself for expansion beyond electricity into smart gas meter manufacturing, smart water meters, and foreign market ventures. The company has invested more than ₹150 crore in research and development over recent years to develop these new product lines and expand its product portfolio.
The company demonstrated strong financial performance with 95% surge in annual sales from ₹2,442 crore in FY25 to ₹4,751 crore in FY26. As reported by The Financial Express, profit increased 90.4% YoY from ₹311 crore to ₹592 crore, with earnings per share rising from ₹10.3 to ₹19.5. The company's total order book stood at ₹25,173 crore as of March 2026, offering multi-year revenue visibility, though it declined from ₹30,110 crore in March 2025 due to higher order execution rather than weak inflow. The stock trades at a PE ratio of 16.1x compared to the industry median of 31x, with a PEG ratio of 0.09x versus the industry median of 0.5x, indicating relative undervaluation.
Genus Power is one of the exclusive AMISP partners of GIC, a Singapore-based global investment company managing the government's foreign financial assets. This strategic partnership provides access to a US$ 2 billion platform for meter supply and OEM operations, with the company supplying meters to other AMISPs as an original equipment manufacturer via the platform. The company maintains strong financial metrics with ROCE at 23.94% and ROE at 29%, significantly higher than industry medians of 21% and 18.2% respectively. Genus Power also pays regular dividends with a 0.8% dividend yield compared to negligible industry returns, supporting Kela's preference for long-term investment opportunities in businesses with strong execution capabilities and attractive valuations.
