Synopsis: India’s smart meter rollout is turning into a long-term utility digitisation theme as delayed installations, grid modernisation and rising power demand create opportunities for companies linked to smart metering and infrastructure.
India’s power distribution sector is undergoing a major digital transformation as utilities shift from traditional electricity meters to smart prepaid systems. Under the government’s Revamped Distribution Sector Scheme (RDSS), nearly 25 crore smart meters are targeted for installation, but close to 80 percent of the rollout is still pending, indicating execution could stretch till 2028.
The transition is aimed at reducing AT&C losses, improving billing efficiency and modernising grid infrastructure. With only a fraction of the targeted installations completed so far, the delayed rollout is emerging as a multi-year opportunity for companies involved in smart metering, transmission, communication and utility infrastructure.
Genus Power Infrastructures Limited
Genus Power Infrastructures Limited is one of India’s leading smart metering and AMISP players, focused on smart electricity meters, grid modernisation and utility digitisation. The company manufactures prepaid and smart meters while also executing large-scale RDSS smart meter projects. It additionally provides transmission, distribution and energy management solutions for utilities.
With the market capitalization of Rs. 9551 Crores, the shares of Genus Power Infrastructures Ltd were trading at around Rs. 314 per share which is 25 percent discount from its 52 weeks high of Rs. 422 per share and is trading at a P/E of 17.4 where as industry P/E stands at 27.6
HPL Electric & Power Limited
HPL Electric & Power Limited is a leading Indian electrical equipment manufacturer with a strong presence in metering solutions, switchgear, lighting, wires and cables. The company supplies smart meters and power distribution equipment to utilities and government projects, benefiting from India’s ongoing grid modernization and smart electricity infrastructure transformation.
With the market capitalization of Rs. 2230 Crores, the shares of HPL Electric & Power Ltd were trading at around Rs. 347 per share which is 45 percent discount from its 52 weeks high of Rs. 640 per share and is trading at a P/E of 22 whereas industry P/E stands at 32.8
Adani Energy Solutions Limited
Adani Energy Solutions Limited is one of India’s largest private power transmission and distribution companies. It operates extensive high-voltage transmission networks and is expanding into smart metering, smart grid and utility digitisation projects. The company benefits from India’s rising electricity demand, grid modernisation and large-scale infrastructure development in the power sector.
With the market capitalization of Rs. 156,935 Crores, the shares of Adani Energy Solutions Ltd were trading at around Rs. 1306 per share which is 10.7 percent discount from its 52-week high of Rs. 1464 per share and is trading at a P/E of 68.7 where as industry P/E stands at 69.4
Schneider Electric Infrastructure Limited
Schneider Electric Infrastructure Limited is an Indian listed subsidiary of Schneider Electric focused on electrical distribution, grid automation and power management solutions. The company supplies switchgear, transformers, and smart grid technologies used in modernising electricity networks. It benefits indirectly from smart meter adoption through increased demand for grid automation, digital substations and distribution infrastructure upgrades.
With the market capitalization of Rs. 30,174 Crores, the shares of Schneider Electric Infrastructure Limited were trading at around Rs. 1262 per share which is 9.5 percent discount from its 52 weeks high of Rs. 1395 per share and is trading at a P/E of 115 whereas industry P/E stands at 41.2
KEC International Limited
KEC International Limited is a leading infrastructure Engineering, Procurement and Construction (EPC) company with a strong presence in power transmission and distribution, railways, civil and cables businesses. In the smart meter ecosystem, it benefits indirectly through installation of distribution networks, feeder upgrades, smart grid infrastructure and associated utility modernisation projects across India.
With the market capitalization of Rs. 14,609 Crores, the shares of KEC International Limited is trading at around Rs. 549 per share which is 42 percent discount from its 52 weeks high of Rs. 947 per share and is trading at a P/E of 20 whereas industry P/E stands at 18.7
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Genus Power and 4 Other Stocks to Benefit as India’s Smart Meter Rollout Could Extend Till 2028 appeared first on Trade Brains.