3 Integrated Power Utility, Smart Meter Maker and Electrical Power Equipment Supplier Stocks With a Strong Future Roadmap: Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments
- October 23, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments: ROE of 9.5% to 26.7% and FY22 to FY26 revenue CAGR of 10.1% to 59.5%. Prices as of 22 Oct 2026.
Quick Answer
The three integrated power utility and smart meter stocks to watch are Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments. Their return on equity ranges from 9.5% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 59.5%. Genus Power Infrastructures leads on both return on equity at 26.7% and revenue growth at 59.5% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.
Integrated power utility and smart meter stocks let investors follow companies that generate, measure and carry electricity. Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments cover an integrated power utility, a smart meter maker and a supplier of electrical power equipment.
This list covers three integrated power utility and smart meter stocks with complete current figures: Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments. Every figure comes from the latest reported financials and the 22 October 2026 market close. Companies without complete current figures were left out.
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What Are Integrated Power Utility and Smart Meter Stocks?
Integrated power utility and smart meter stocks are listed companies that generate and distribute power, make meters and supply grid equipment. Their earnings depend on capacity additions, meter rollouts and order books.
Integrated Power Utility and Smart Meter Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Tata Power | 352 | 112,332 | 21.4 | 21.8 | 9.5 | 1.93 |
| Genus Power Infrastructures | 273.4 | 8,639 | 13.3 | 44.3 | 26.7 | 1.04 |
| Quality Power Electrical Equipments | 1,405.8 | 10,907 | 55.9 | 43.9 | 22.4 | 0.07 |
On valuation, Tata Power and Genus Power Infrastructures trade at a P/E below the industry P/E, while Quality Power Electrical Equipments trades above it, which reflects the growth the market already expects. Readers comparing integrated power utility and smart meter stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in integrated power utility and smart meter stocks can use the coming numbers to test whether growth is holding.
Why Do Integrated Power Utility and Smart Meter Stocks Have a Strong Roadmap in India?
Integrated power utility and smart meter stocks have a strong roadmap in India because power demand keeps rising, the smart meter rollout is under way and grids need upgrades.
- Smart meter rollout. A national programme is replacing older meters.
- Renewable additions. Utilities add solar and wind capacity.
- Grid upgrades. Transmission and equipment spending keeps growing.
Why Tata Power Features Among These Integrated Power Utility and Smart Meter Stocks
Among the integrated power utility and smart meter stocks on this list, Tata Power is one of India’s largest integrated power companies, with generation, transmission, distribution, renewable energy, rooftop solar, solar module manufacturing and electric vehicle charging businesses.
Revenue rose from Rs 43,736 crore in FY22 to Rs 64,172 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 2,623 crore in FY22 to Rs 5,118 crore in FY26, which works out to a compound annual growth rate of 18.2%.
In the June 2026 quarter, revenue grew 5.7% year on year to Rs 19,440 crore, while net profit rose 11.0% to Rs 1,401 crore. The company has a return on equity of 9.5%, a debt to equity ratio of 1.93 and a market capitalisation of Rs 112,332 crore. The stock trades at a P/E of 21.4, below the industry P/E of 21.8.
Roadmap: The company is adding large renewable capacity and is investing in cell and module manufacturing, which gives it a position across the clean energy chain. Distribution in several cities and its EV charging network add to its customer base.
What to watch: Follow the pace of renewable and manufacturing capacity additions and the progress of distribution businesses.
Why Genus Power Infrastructures Features Among These Integrated Power Utility and Smart Meter Stocks
Among the electricity metering company shares on this list, Genus Power Infrastructures is a Jaipur-based maker of electricity meters, including smart meters, and also takes on turnkey metering projects for utilities.
In the June 2026 quarter, revenue grew 46.0% year on year to Rs 1,407 crore, while net profit rose 35.6% to Rs 175 crore. Revenue rose from Rs 744 crore in FY22 to Rs 4,821 crore in FY26, a compound annual growth rate of 59.5%.
Net profit grew from Rs 295 crore in FY25 to Rs 565 crore in FY26, a rise of 91.7%. The company has a return on equity of 26.7%, a debt to equity ratio of 1.04 and a market capitalisation of Rs 8,639 crore. The stock trades at a P/E of 13.3, below the industry P/E of 44.3.
Roadmap: The national smart meter rollout is the company’s main growth driver, with large orders from state utilities. The company has added capacity and is building manufacturing depth to deliver on its order book.
What to watch: Monitor execution pace on the smart meter order book and the cash collection from utilities.
Why Quality Power Electrical Equipments Features Among These Integrated Power Utility and Smart Meter Stocks
Among the three companies on this list, Quality Power Electrical Equipments supplies electrical power equipment and engineering solutions for power grids, renewable energy projects and industry, with operations in India and overseas.
The company has a return on equity of 22.4%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 10,907 crore. The stock trades at a P/E of 55.9, above the industry P/E of 43.9.
Revenue rose from Rs 212 crore in FY22 to Rs 1,007 crore in FY26, a compound annual growth rate of 47.7%. Net profit grew from Rs 42.2 crore in FY22 to Rs 182 crore in FY26, which works out to a compound annual growth rate of 44.0%. In the June 2026 quarter, revenue grew 32.1% year on year to Rs 256 crore, while net profit rose 23.1% to Rs 45.6 crore.
Roadmap: Spending on transmission networks and renewable energy is raising demand for the power equipment the company makes. A widening customer base in India and abroad and higher capacity help it take on larger orders.
What to watch: Monitor order inflow and the ramp-up of capacity at its plants.
Tata Power vs Genus Power Infrastructures vs Quality Power Electrical Equipments on Key Financials
The table below sets the three integrated power utility and smart meter stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Tata Power | 43,736 | 64,172 | 10.1% | 5,118 | 8.0% |
| Genus Power Infrastructures | 744 | 4,821 | 59.5% | 565 | 11.7% |
| Quality Power Electrical Equipments | 212 | 1,007 | 47.7% | 182 | 18.0% |
Genus Power Infrastructures posts the highest return on equity in this group at 26.7%. Tata Power has the largest FY26 revenue at Rs 64,172 crore, and Genus Power Infrastructures shows the fastest revenue growth with a 59.5% compound annual rate. A useful habit with integrated power utility and smart meter stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several electrical grid supplier stocks instead of one name, which keeps a single result from deciding the outcome.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Tata Power | 18,397 | 19,440 | 5.7% |
| Genus Power Infrastructures | 964 | 1,407 | 46.0% |
| Quality Power Electrical Equipments | 194 | 256 | 32.1% |
Key Risks to Check Before Investing in Integrated Power Utility and Smart Meter Stocks
Every theme carries risks that deserve a check before any decision. For these integrated power utility and smart meter stocks, the main points are: Long-term electricity metering company shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order timing. Utility orders can shift between quarters.
- Regulatory decisions. Tariff and policy rules affect returns.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter integrated power utility and smart meter stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Integrated Power Utility and Smart Meter Stocks
Integrated power utility and smart meter stocks reward investors who follow capacity additions, meter rollouts and order books together. Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments each tap a different part of the power chain. Based on the 22 October 2026 close, Tata Power trades at Rs 352, Genus Power Infrastructures at Rs 273.4 and Quality Power Electrical Equipments at Rs 1,405.8. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these integrated power utility and smart meter stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are integrated power utility and smart meter stocks?
Ans. Integrated power utility and smart meter stocks are listed companies that generate and distribute power, make meters and supply grid equipment. Their earnings depend on capacity additions, meter rollouts and order books. This list looks at three of them, Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.
Which integrated power utility and smart meter stocks are covered in this list?
Ans. This list covers Tata Power, Genus Power Infrastructures and Quality Power Electrical Equipments. Based on the 22 October 2026 close, Tata Power traded at Rs 352, Genus Power Infrastructures at Rs 273.4 and Quality Power Electrical Equipments at Rs 1,405.8. Their return on equity ranges from 9.5% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 59.5%.
Why do integrated power utility and smart meter stocks have a strong future roadmap in India?
Ans. Integrated power utility and smart meter stocks have a strong roadmap in India because power demand keeps rising, the smart meter rollout is under way and grids need upgrades. The main drivers are as follows. Smart meter rollout. A national programme is replacing older meters. Renewable additions. Utilities add solar and wind capacity. Grid upgrades. Transmission and equipment spending keeps growing. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Tata Power performed financially?
Ans. Revenue rose from Rs 43,736 crore in FY22 to Rs 64,172 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 2,623 crore in FY22 to Rs 5,118 crore in FY26, which works out to a compound annual growth rate of 18.2%. In the June 2026 quarter, revenue grew 5.7% year on year to Rs 19,440 crore, while net profit rose 11.0% to Rs 1,401 crore. The company has a return on equity of 9.5%, a debt to equity ratio of 1.93 and a market capitalisation of Rs 112,332 crore. The stock trades at a P/E of 21.4, below the industry P/E of 21.8. Looking ahead, the company is adding large renewable capacity and is investing in cell and module manufacturing, which gives it a position across the clean energy chain. Distribution in several cities and its EV charging network add to its customer base.
How has Genus Power Infrastructures performed financially?
Ans. Revenue rose from Rs 744 crore in FY22 to Rs 4,821 crore in FY26, a compound annual growth rate of 59.5%. Net profit grew from Rs 295 crore in FY25 to Rs 565 crore in FY26, a rise of 91.7%. In the June 2026 quarter, revenue grew 46.0% year on year to Rs 1,407 crore, while net profit rose 35.6% to Rs 175 crore. The company has a return on equity of 26.7%, a debt to equity ratio of 1.04 and a market capitalisation of Rs 8,639 crore. The stock trades at a P/E of 13.3, below the industry P/E of 44.3. Looking ahead, the national smart meter rollout is the company’s main growth driver, with large orders from state utilities. The company has added capacity and is building manufacturing depth to deliver on its order book.
How has Quality Power Electrical Equipments performed financially?
Ans. Revenue rose from Rs 212 crore in FY22 to Rs 1,007 crore in FY26, a compound annual growth rate of 47.7%. Net profit grew from Rs 42.2 crore in FY22 to Rs 182 crore in FY26, which works out to a compound annual growth rate of 44.0%. In the June 2026 quarter, revenue grew 32.1% year on year to Rs 256 crore, while net profit rose 23.1% to Rs 45.6 crore. The company has a return on equity of 22.4%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 10,907 crore. The stock trades at a P/E of 55.9, above the industry P/E of 43.9. Looking ahead, spending on transmission networks and renewable energy is raising demand for the power equipment the company makes. A widening customer base in India and abroad and higher capacity help it take on larger orders.
What risks should investors check before buying integrated power utility and smart meter stocks?
Ans. Investors should check a few risks before buying integrated power utility and smart meter stocks. Order timing. Utility orders can shift between quarters. Regulatory decisions. Tariff and policy rules affect returns. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of integrated power utility and smart meter stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 22 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.