Demand for Smart Meter Stocks is rising significantly in India. As a result, the Indian government is pushing for modernization and energy efficiency. There are several companies working in the Smart Meter industries that are leading from the front however we will discuss 3 best smart meter stocks in this article. Smart Meter Stocks like Adani Energy Solutions, Genus Power Infrastructures, HPL Power and Electric etc are some of the strong order book stocks that you can add to your portfolio.
Strong Order Book Smart Meter Stocks
Here are a few smart meter stocks with a strong order book valued at up to Rs 32,000 Crore to keep in your watch.
1) Adani Energy Solutions Limited
Incorporated in 2015, Adani Energy Solutions Limited is a top tier power and transmission company in India. The company deals with smart energy solutions Business. Apart from that Adani Energy Solutions operates several high voltage transmission and substations. The company also offers Smart Meter Energy Solutions, cooling solutions and distributes power to consumers as well.
Adani Energy Solutions Share Price NSE
With a market capitalization of Rs 97,490.09 crore, Adani Energy Solutions Limited’s share currently trading at Rs 796.80 per share, up by 2.13 percent from its previous close of Rs 780.15
Adani Energy Solutions Order Book
Adani Energy Solutions Limited has a strong order book which shows its potential to become a multibagger stock in future. The company has bagged a smart meter project worth Rs 27,000 crore. As per the agreement, Adani Energy Solutions Limited will install smart meters across various states including Maharashtra, Bihar, Andhra Pradesh. A capex of 1000-2000 crore is planned to drive installation in FY2025 with support of Airtel, Esyasoft etc.
Adani Energy Solutions Financial Performance
Adani Energy Solutions Limited reported a huge revenue growth of 68% to Rs 6,184 crore in Q2FY25. However the net profit of the company dropped by 172.18% to Rs 284 crore in Q2FY25.
Also Read: Strong Order Stocks Under 100 to Invest in 2025
2) HPL Power and Electric Limited
HPL Electric and Power Limited is another prominent Smart Meter solutions provider in India. Established in 1992, HPL Power and Electric engaged in the business of low voltage electrical equipment such as metering solutions, switchgears, lighting equipment, and wires and cables. The company sells its products in both domestic as well as international markets.
HPL Power and Electric Share Price NSE
With a market capitalization of Rs. 3,306.97 crore, HPL Electric and Power Limited’s share price currently trading at Rs. 518.40 per share, up by 3.34% from its previous close of Rs 501.65
HPL Power and Electric Order Book
HPL Power and Electric has a strong order book of more than Rs 3,500 crore as of November, 2024. The most important thing about the company is that 95% of the total order book is covered by smart metering projects.
HPL Power and Electric Financial Performance
Adani Energy Solutions Limited reported a huge revenue growth of 20.57% to Rs 422 crore in Q2FY25. However the net profit of the company dropped by 100% to Rs 11 crore in Q2FY25.
3) Genus Power Infrastructures Limited
Incorporated in 1992, Genus Power Infrastructures Limited is one of the Kailash Group Companies. The company is engaged in the business of smart metering, Power transmission and distribution. Apart from that Genus Power Infrastructures also offers turnkey Engineering services.
Genus Power Infrastructure Share Price NSE
with a market capitalization of Rs 11,240.78 crore Genus Power Infrastructures Shares currently trading at Rs 371.05, up by 2.26% from its previous close of Rs 362.85
Genus Power Infrastructures Order Book
Genus Power Infrastructures order book stood at Rs 31,776 crore as of September 2024. Out of the total order book 60% is covered by smart meter projects.
Genus Power Infrastructures Financial Performance
Genus Power Infrastructures revenue grew by 88.03% to Rs 487 in Q2FY25. Similarly net profit of the company also rose by 69.39% to Rs 83 crore in Q2FY25.
FAQs
What are the Best Smart Meter Stocks in India?
Adani Energy Solutions, Genus Power Infrastructures and HPL Power and Electric are best Smart Meter Stocks in India.
Which are Top 3 Strong Order Book Smart Meter Stocks?
Adani Energy Solutions, Genus Power Infrastructures and HPL Power and Electric are some of the best strong order book Smart Meter Stocks.
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