$GENUSPOWER

Genus Power is the dark horse in the smart metering space. They own 70% of the market share for Smart Metering Service Providers. With the government mandating a nationwide rollout of smart meters, their revenue grew a whopping 95% in a single year. They have an order book of 25,000 crore-over twice their market cap. They are also moving into an annuity model, meaning they’ll earn steady maintenance income for years after installing the meters. View: On paper, the PE of 16 makes this look like a massive bargain compared to the industry's 53. However, there are red flags: promoter holding has dropped by 11% recently, and operating cash flows are negative. While the growth potential in smart gas and water meters is huge, the debt (1.04) and margin pressure are real concerns. It’s a high-risk, high-reward play. It’s undervalued for a reason, so keep a close eye on the management’s next moves