Genus Power Infrastructures financials and balance sheet

NSE: GENUSPOWERBSE: 530343Electrical EquipmentSmall Cap

Formerly Genus Overseas Electronics

₹259.20₹11.05 (4.09%)BSE ₹259.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹270.25.

52-week range of traded prices to 23 Oct 2026

₹210.40Low, 4 Feb 2026₹363.00High, 7 Nov 2025

The board meets on 26 Oct 2026 to consider: buyback.

Market cap: ₹7,886 Cr595th largest listed
P/E: 12.1
P/B: 3.6
Dividend yield: 0.19%
ROE: 31.9%
ROCE: 20.1%
Debt to equity: 1.04
Volume, NSE: 14,67,69250.6% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Genus Power Infrastructures annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.7% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2026, part of the business was demerged on 6 Feb 2026, and figures before the change include the part that left.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue4,751
Materials and goods−2,897
Employee costs−441
Other expenses−500
Operating profit913
Depreciation−55
Other income+70
One-off items0.0
Finance costs−161
Profit before tax768
Tax−203
Joint ventures+27
Net profit592

What the company owns

Plant, investments and other assets₹2,710 Cr
Receivables₹1,503 Cr
Inventory₹1,353 Cr
Cash and bank₹722 Cr
Current investments₹56 Cr

What pays for it: net worth and liabilities

Borrowings₹2,300 Cr
Net worth₹2,218 Cr
Other liabilities₹1,052 Cr
Owed to suppliers₹773 Cr

Profit and loss

Consolidated, ₹ crore, years to March.Genus Power Infrastructures quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 10 Jun	Mar 2021Filed 28 May	Mar 2022Filed 13 May	Mar 2023Filed 23 May	Mar 2024Filed 1 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 16 May
Revenue from operations	653	837	1,055	1,060	609	685	808	1,201	2,442	4,751
	566	744	943	905	507	625	730	1,066	1,972	3,838
Materials and goods bought	–	–	718	664	350	435	519	717	1,392	2,897
Employee costs	–	–	98	109	88	107	124	165	275	441
Other expenses	–	–	127	132	69	84	87	183	306	500
Operating profit before depreciation	87	93	112	156	102	60	79	135	470	913
Operating margin	13.3%	11.1%	10.6%	14.7%	16.7%	8.7%	9.7%	11.2%	19.2%	19.2%
Materials, % of revenue	–	–	68.0%	62.6%	57.5%	63.5%	64.2%	59.8%	57.0%	61.0%
Employee costs, % of revenue	–	–	9.3%	10.3%	14.4%	15.6%	15.3%	13.7%	11.3%	9.3%
Other expenses, % of revenue	–	–	12.0%	12.5%	11.3%	12.2%	10.8%	15.3%	12.5%	10.5%
Depreciation and amortisation	15	17	19	22	22	20	19	21	35	55
Operating profit after depreciation	71	76	93	133	80	39	60	114	435	858
Other income	30	55	11	16	45	59	14	84	83	70
Finance costs	25	23	34	33	24	26	29	58	116	161
One-off items	0	0	0	0	0	0	0	0	0	0
Profit before tax	77	108	70	117	101	73	45	140	401	768
	12	24	20	43	31	15	15	39	–	203
Current tax	–	–	22	47	30	15	17	37	–	204
Deferred tax	–	–	−2	−3	1	0	−2	2	–	−1
Share of profit of joint ventures and associates	–	–	–	−1	−1	−1	−1	−14	0	27
Profit from discontinued businesses	–	–	–	–	–	–	–	–	5	–
Net profit	65	85	48	73	69	57	29	87	311	592
Other comprehensive income	–	–	–	−3	0	5	−1	1	0	−5
Total comprehensive income	–	–	–	69	68	62	28	88	311	587
Net margin	9.9%	10.1%	4.5%	6.8%	11.3%	8.4%	3.6%	7.2%	12.8%	12.5%
Net margin without joint ventures and associates	–	–	–	6.9%	11.5%	8.5%	3.7%	8.4%	12.7%	11.9%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Tax is left blank for the year to Mar 2025: profit before tax less the tax charge stated does not come to the profit after tax the same statement states, so the tax charge is not shown.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2020Filed 10 Jun	Mar 2021Filed 28 May	Mar 2022Filed 13 May	Mar 2023Filed 23 May	Mar 2024Filed 1 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 16 May
	838	905	957	980	1,571	1,868	2,218
Share capital	23	23	23	23	28	28	28
Reserves	815	882	934	957	1,543	1,840	2,190
	247	195	270	347	587	1,365	2,300
Repayable after a year	23	8	1	2	78	438	501
Repayable within a year	224	187	269	345	509	927	1,798
	480	405	503	576	988	1,752	2,956
Trade payables	200	166	192	164	367	580	773
Other financial liabilities	11	14	3	43	3	95	100
Other liabilities	29	22	27	13	85	95	167
Provisions	13	12	10	8	13	27	59
Tax owed	3	3	1	3	10	28	59
	74	56	52	106	208	727	1,169
Other financial liabilities	11	9	7	67	5	5	7
Other liabilities	1	1	2	1	72	141	392
Provisions	33	35	36	32	47	105	235
Deferred tax	–	–	3	1	3	36	34
	1,392	1,366	1,512	1,662	2,767	4,346	6,343
Held for sale or for a demerger	–	–	–	–	–	176	–
	350	308	379	370	526	721	1,177
Plant in use, after depreciation	172	161	154	156	192	282	466
Plant being built	1	0	2	7	15	41	64
Intangible assets	1	2	2	1	1	3	20
Investments	90	91	101	115	112	15	28
Stakes in joint ventures and associates	–	–	0	0	24	21	85
Loans given	29	29	36	41	51	156	273
Other financial assets	26	14	78	25	34	22	17
Deferred tax	20	3	0	0	–	0	0
Other assets	12	8	7	25	97	181	222
	1,042	1,058	1,133	1,292	2,241	3,448	5,167
Inventories	151	178	220	286	483	850	1,353
Trade receivables	629	565	558	472	580	1,364	1,503
Cash and cash equivalents	72	64	10	60	160	222	260
Other bank balances	34	51	76	146	510	538	462
Current investments	118	168	213	225	186	172	56
Loans given	1	1	0	21	72	10	229
Other financial assets	7	6	11	14	31	41	38
Other assets	30	25	44	69	218	251	1,268
Net debt	24	−88	−30	−84	−269	432	1,522

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 28 May	Mar 2022Filed 13 May	Mar 2023Filed 23 May	Mar 2024Filed 1 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 16 May
	108	28	86	−152	−443	−219
	123	38	101	−123	−386	−45
	14	−25	23	−257	−839	−1,023
Receivables	63	0	88	−113	−822	−182
Inventories	−27	−42	−66	−197	−367	−503
Payables	−34	27	−28	204	234	179
Other working capital	11	−10	29	−151	116	−517
Tax paid	−15	−10	−15	−29	−57	0
Interest paid	0	0	0	0	0	−173
Capital spending	12	15	25	74	113	297
Free cash flow	96	12	62	−226	−556	−516
	−39	−108	−79	−433	−142	−459
Plant and property sold	0	0	1	1	0	1
Companies bought	−1	0	−1	−26	−1	−62
Interest received	12	14	21	33	58	49
	−53	−15	86	568	350	205
Borrowings raised	0	33	1	123	537	488
Borrowings repaid	−25	−12	120	0	−56	−63
Interest paid	−25	−26	0	−57	−111	−159
Lease payments	0	0	0	0	−3	−5
Dividends paid	2	11	6	17	17	60
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	519	0	0
Net change in cash	16	−95	93	−17	−235	−473

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Genus Power Infrastructures dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 10 Jun	Mar 2021Filed 28 May	Mar 2022Filed 13 May	Mar 2023Filed 23 May	Mar 2024Filed 1 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 16 May
Earnings per share	₹2.81	₹3.68	₹2.09	₹3.16	₹2.98	₹2.50	₹1.26	₹3.61	₹11.27	₹21.42
Diluted earnings per share	₹2.80	₹3.68	₹2.09	₹3.16	₹2.98	₹2.48	₹1.25	₹3.59	₹11.20	₹21.29
Dividend per share	₹0.45	₹0.41	₹0.58	₹0.10	₹0.50	₹0.25	₹0.75	₹0.60	₹2.45	₹0.50
Book value per share	–	–	–	₹32.56	₹35.15	₹37.16	₹38.05	₹51.72	₹67.57	₹80.15
Dividend payout	17.9%	12.5%	31.1%	3.5%	18.8%	11.2%	66.7%	21.0%	21.7%	2.3%
Shareholder yield	–	–	–	–	0.2%	0.6%	0.3%	−7.2%	0.2%	0.9%
Market cap at the year end (₹ crore)	1,041	1,312	741	359	1,242	1,853	2,182	6,995	7,952	6,538

Ratios

Consolidated, years to March.Genus Power Infrastructures PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 10 Jun	Mar 2021Filed 28 May	Mar 2022Filed 13 May	Mar 2023Filed 23 May	Mar 2024Filed 1 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 16 May
Revenue growth	−24.1%	28.2%	26.2%	0.5%	−42.6%	12.6%	18.0%	48.5%	103.4%	–
Operating profit growth	–	7.4%	20.8%	38.4%	−34.5%	−41.5%	31.9%	71.6%	248.1%	–
Net profit growth	−17.8%	31.0%	−43.2%	51.3%	−5.5%	−16.2%	−49.6%	199.1%	259.3%	–
Earnings per share growth	−8.2%	31.0%	−43.2%	51.2%	−5.7%	−16.1%	−49.6%	186.5%	212.2%	–
	–	–	–	8.7%	7.9%	6.2%	3.0%	6.8%	18.1%	29.0%
	–	–	–	–	−0.8 pts	−1.7 pts	−3.2 pts	3.8 pts	11.3 pts	10.9 pts
From the net margin	–	–	–	–	5.6 pts	−2.0 pts	−3.5 pts	3.0 pts	5.2 pts	−0.4 pts
From asset turnover	–	–	–	–	−6.0 pts	0.5 pts	0.2 pts	0.4 pts	3.2 pts	5.2 pts
From borrowing	–	–	–	–	−0.4 pts	−0.1 pts	0.2 pts	0.4 pts	2.9 pts	6.1 pts
Return on capital employed	–	–	–	12.3%	7.3%	3.2%	4.5%	5.3%	13.5%	19.0%
Cash conversion	–	–	–	–	157.8%	48.6%	298.0%	−175.3%	−142.4%	−36.9%
Interest cover	2.9	3.3	2.7	4.1	3.3	1.5	2.1	2.0	3.7	5.3
Debt to equity	–	–	–	0.30	0.22	0.28	0.35	0.37	0.73	1.04
Receivable days	–	–	–	217	339	297	213	176	204	115
Inventory days	–	–	–	83	185	185	201	246	223	170
Payable days	–	–	–	110	173	161	115	187	152	97
Cash conversion cycle, days	–	–	–	190	351	320	299	235	275	188
Working capital days	–	–	–	194	334	319	285	275	253	248
Asset turnover	–	–	–	0.76	0.44	0.48	0.51	0.54	0.69	0.89
Assets per rupee of net worth	–	–	–	1.66	1.58	1.55	1.64	1.74	2.07	2.62
Sales per rupee of plant	–	–	–	6.17	3.78	4.45	5.20	6.26	8.67	10.19
Capital spending to depreciation	–	–	–	–	0.54	0.76	1.31	3.47	3.26	5.36
Plant being built, % of plant in use	–	–	–	0.5%	0.1%	1.3%	4.7%	7.6%	14.4%	13.8%

Revenue growth, operating profit growth, net profit growth and earnings per share growth are left blank for the year to Mar 2026: between the two periods the company demerged a business, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 11.1%
Cash from operations against operating profit: −23.9%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	18.6%	50.8%	80.5%
Profit growth, yearly rate	22.4%	53.9%	173.4%
Return on equity, average	–	12.6%	18.0%
Return on capital employed, average	–	9.1%	12.6%
Operating margin, average	13.5%	13.6%	16.6%
Net margin, average	8.7%	8.9%	10.8%
Asset turnover, average	–	0.62	0.71
Cash conversion cycle, days, average	–	264	233
Interest cover, average	3.1	2.9	3.7
Debt to equity, average	–	0.56	0.71

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	−700	−814	−219
Cash from investing	−1,221	−1,033	−459
Cash from financing	1,194	1,123	205
Capital spending	523	483	297
Dividends paid	111	94	60
Shares bought back	0	0	0
Shares issued for cash	520	520	0
Borrowings raised	1,182	1,148	488
Borrowings repaid	251	120	63

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	4	4	5	4	4
Altman Z-scorePublished threshold 1.81	–	–	–	2.81	3.84	4.03	3.88	5.50	3.77	3.00
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.65	−1.96	−2.85	−1.72	−0.41	−1.51
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−0.02	9.58	1.38	30.31	25.22	23.76
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.44	−0.22	−1.19	−0.82
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	32.46	−13.91	−33.41	−25.64	31.84	−84.37
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	64.88	−0.46	10.55	30.77	−18.12	−48.94
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	−0.97	3.58	3.41	13.84	1.77	21.31
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	0.01	0.15	0.36	0.25	0.33	0.27
Effective tax ratePublished threshold 17.16 per cent	16.25	21.78	28.82	37.09	30.96	19.89	33.84	27.65	26.58	26.40
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	5.50	0.51	6.85	12.34	26.40

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	35
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	40
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	75
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	150
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Commercial PaperShort-term scale	Crisil A1+No Rating Change		100
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	816
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesShort-term scale	Crisil A1+No Rating Change		2,414
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	500
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesShort-term scale	Crisil A1+No Rating Change		318
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	106
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	413
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	45
30 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil AA-No Rating Change	Stable	15

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.