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Here's an analysis of the annual report of GENUS POWER for 2023-24. It includes a full income statement, balance sheet and cash flow analysis of GENUS POWER. Also includes updates on the valuation of GENUS POWER.
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The Indian smart meters market is expected to grow at a CAGR of 34.5% between 2023 and 2031, and this stock could be the primary beneficiary.
The company's management is expecting majority of its revenue from the smart meter segment in the next quarter.
After a long time, the smart metering industry is witnessing a renewed interest from foreign investors. And most stocks have already shot-up in recent months.
These renewable energy companies will continue to maintain their leadership position as they bag more projects.