Smart Metering Stocks in India
Smart Metering Stocks in India: In everyday life, electricity is a major part and necessity of our lifestyle. Electricity bills are paid each month after electricity is used and the due date has passed. Nowadays, power companies are using smart meters for electricity to implement prepayment, which can help with cash flow and improve collections.
The increased use of smart meters can help utilities understand consumer usage and behavior patterns, analyze peak demand periods, and implement demand response programs. These initiatives will help us improve further by adding more features to increase efficiency. In this article, we will look at some companies that are interested in smart meters.
List of Smart Metering Stocks in India
Smart Metering Stock #1 in India: Tata Power
Tata PowerFormerly known as Tata Electric, part of the Tata Group, has led the adoption of technology in the utility sector, including establishing one of India’s first hydroelectric plants in 1915.
Together with its subsidiaries and joint ventures, it has a generating capacity of 12,772 MW, 30% of which is generated from clean and green energy sources. Tata Power provides green technologies in heat and energy for smart customers. renewable energy It is an energy-saving power service source.
Note: If you want to learn candlestick and chart trading from scratch, here are some of the best books available on Amazon! Get the book now!
As of FY23, the company has installed over 5.1 million smart meters. As per recent records, they have installed around 3.6L smart meters in Odisha. Tata Power has replaced nearly 27 million meters among its 9.5 million customers in Odisha. Installation of smart meters has helped improve billing efficiency and collection in Odisha. Results of smart meter installations will be available in the next quarter.
In FY23, the company’s portfolio included Generation (30.39%), Renewables (13.72%), Transmission and Distribution (55.04%), Other (0.69%) and the remaining 0.13% of non-allocable revenue. In FY23, they generated revenue from customer contracts, which accounted for approximately 96.86% of their total revenue, with the remaining 3.13% coming from other sources.
In FY23, Tata Power’s operating revenue was Rs. 55,109.80 crore, up 28.71% year-on-year from Rs. 42,815.67 crore. Net profit recorded 140 million won. 3,809.67 crore in FY23, an increase of 76.73% from Rs. 2,155.61 crore.
India’s Smart Metering Stock #2: Genus Power Infrastructure
Genus Power Infrastructure, a company under the Kailash Group. Genus operates in a business segment that provides highly innovative and sustainable solutions to the power sector.
Genus Metering Solutions Division offers a wide range of electricity meters and solutions such as multi-functional single-phase and three-phase meters, CT operated meters, ABT and grid meters, DT meters, prepaid meters, smart meters, net meters, etc. (GMSD) to the utility.
The Engineering Construction and Contracting (ECC) department carries out turnkey power projects including construction of substations up to 420 kV, construction of transmission and distribution lines, rural electrification, switchyards and network conversion.
As per recent records, Genus Power has secured prestigious orders worth approximately Rs. Installation of approximately 1.82 billion smart prepaid meters will cost $16,185 billion. Their total order amount exceeded 50 million won. 20,000 crores in Q3FY24 total was Rs. 952.2 billion won. The current order book’s execution cycle is approximately 27-30 months, providing healthy visibility into topline growth in FY25 and FY26.
A number of state utility boards have initiated the bidding process for smart meter procurement, indicating that a steady inflow of orders is likely in FY25 as well. The company expects a significant surge in revenue from FY25 on the back of strong order book execution. A conservative estimate is that total sales are expected to reach approximately 100 billion won. In 25 years, it’s $250 billion.
They earned most of their revenue from the quantitative business, which accounted for 98.33%, 0.73% from strategic investment activities and the remaining 0.93% from other.
During FY23, the company’s operating profit was Rs. 808.38 crore compared to Rs. In fiscal year 22, it is $6850.6 billion. Net profit for 2023 was 130 million won. 28.97 crore compared to Rs. 57.45 crore in FY22.
Also read…
Smart Metering Stock #3 in India: HPL Electric & Power
HPL power It manufactures four main categories of electrical equipment: metering, switchgear, lighting and electronics, and cables. The Metering division contributes significantly to profits. The product line consists of digital panel meters, smart meters, net meters for wireless chimes, prepaid metering solutions, solar rooftops, triple vector meters and Ebrit digital panel meters.
They operate seven manufacturing facilities, over 90 branches and representative offices, 21 warehouses in India, over 900 dealers and distributors, and over 27,000 retailers. As per recent records, HPL is focused on supplying smart meters to AMISP as part of the government’s Revamped Distribution Sector Scheme (RDSS) to roll out 2.5 billion smart meters across India.
HPL’s current order volume is over Rs. About 240 billion won, about 10 million won. 2,100 crore will be spent on ordering smart meters from AMISP. Approximately 90% of these smart meter orders have a supply period of 2.5 to 3 years. HPL is strengthening its smart meter production capabilities through automation and specific capacity expansion in the electronics and industrial sectors. plastic industry.
Current installed capacity is approximately 1 billion smart meters per year. Demand for smart meters is expected to peak in mid-FY25 as more AMISPs reach the peak of their meter deployments. HPL aims to have sufficient capacity by then. They derived 53.08% of their revenue from Weighing and Systems, with the remaining 46.91% coming from Consumables and Industrial Products.
Revenues by region account for 96.35% from domestic markets and 3.64% from international markets in FY23. HPL Power earned revenue from operations of Rs. 1,262.20 crore in FY23 compared to Rs. 1,013.95 crore in FY22. Net profit recorded 160 million won. It stood at Rs 30.24 billion in FY23, an increase of 287.57% over the previous year. In fiscal year 22, it is $7.8 billion.
Smart Metering Stock #4 in India: Adani Energy Solutions
Adani Energy SolutionsAdani Transmission Ltd, formerly Adani Group, is an Indian power transmission company that began operations in 2006. I am engaged in the power transmission business. The company is also engaged in agricultural trade.
Today, AESL is the largest private transmission company with over 20,400 km of transmission lines and approximately 54,600 MVA of power conversion capacity. AESL has also set an ambitious target of 30,000 km of transmission lines by 2030, leveraging both internal and inorganic expansion prospects.
As per recent records, the company has already won smart meter projects worth a total contract value of around INR 27,000 crore in various states such as Maharashtra, Bihar, Assam, Uttarakhand and Andhra Pradesh. Over the next 12 to 18 months, the company plans to begin aggressively deploying all of these smart meters for awarded contracts.
Adani has formed partnerships on cybersecurity, cloud services, etc. with companies such as Esyasoft for networking infrastructure and Airtel for telecom lines for smart meter deployment. The company expects to incur capital expenditure of around INR 1,000-2,000 crore for smart meter deployment in FY2025, based on installed meters.
They generated revenue from operations in segments with Transmission accounting for 29.67%, Trading 5.68% and GTD business accounting for 64.63% in FY23. The company’s revenue from operations of Rs. 12,537.07 crore in FY23, up 20.13% YoY from Rs. 10,435.61 crore in FY22. Net profit stood at Rs. 1,280.60 crore in FY23, an increase of 3.62% from Rs. 1,235.75 crore in FY22.
Smart Metering Stock #5 in India: GMR Power & Urban Infrastructure
GMR Power and Urban Infrastructure(GPUIL) is a subsidiary of GEPL within the GMR Group. They are experts in the fields of energy, urban infrastructure and transportation. GMR Energy segment has an installed capacity of over 3000 MW and uses a balanced fuel mix of renewable energy sources such as coal, gas, LSHS, wind and solar energy.
Additionally, in India and Nepal, power plants with a generating capacity of more than 1000 MW are in various stages of development. The Group’s transport business focuses on surface transport projects such as roads, rail and runways/runways in both the DBFOT (GMR Highways) and EPC (GIL – EPC) segments. The total length of roads and highways with six functional assets exceeds 2,400 lane kilometers.
According to recent records, GPUIL is working to implement: Advanced metering infrastructure (AMI) The project involves installation, integration and maintenance of 75.69 lakh prepaid smart meters over a period of 10 years across 22 districts of Uttar Pradesh, with a total contract value of approximately ₹1,00,000. INR 7,593 crores.
The AMI project involves the supply, installation, integration, commissioning and operation and maintenance of smart meters on a Design, Build, Finance, Own, Operate and Transfer (DBFOOT) basis. GPUIL received award letters from two Uttar Pradesh power distribution companies, Purvanchal Vidyut Vitran Nigam Limited and Dakshinanchal Vidyut Vitran Nigam Limited, for implementing this project.
GMR Power earns its revenue from operations in segments such as Power – 62.86%, Road – 11.85%, EPC – 19.59% and Others – 5.7% in FY23. In FY23, the Indian regional segment accounted for 46.38% and the external India regional segment accounted for the remaining 53.61%.
The operating revenue for FY23 was Rs. 5,524.69 crore, an increase of 34.68% over Rs. 4,101.81 crore in FY22. Net profit recorded 160 million won. 1,139.24 crore in FY23 compared to a loss of Rs. 651.57 million in FY22.
Read More: Stocks with High Promoter Commitment in India
conclusion
Smart Metering Stocks in India Toward the end of the article, smart metering is picking up pace due to factors such as rising energy demand. Replacing old meters and improving connectivity will benefit power companies. These initiatives help these companies generate revenue.
Rising energy demand and increased housing construction due to financing may further increase the demand for smart meters in the future. What do you think about the potential of these companies? Let us know your thoughts in the comments section below.
Written by Santosh
By leveraging the Stock Screener, Stock Heatmap, Portfolio Backtesting and Stock Comparison tools on the Trade Brains portal, investors have access to comprehensive tools to identify the best stocks, stay updated and informed with stock market news. invest.
Start your stock market journey now!
Want to learn stock market trading and investing? Check out exclusive stock market courses from FinGrad, a learning initiative from Trade Brains. You can sign up for free courses and webinars from FinGrad and start your trading career today. Sign up now!!
