3 Smart Meter and Power Infrastructure Maker, Transmission Tower and Polymer Pipe Manufacturer and Power Line Projects Company Stocks With a Strong Future Roadmap: Genus Power Infrastructures, Skipper and Transrail Lighting
- October 28, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Genus Power Infrastructures, Skipper and Transrail Lighting: ROE of 14.3% to 26.7% and FY22 to FY26 revenue CAGR of 30.9% to 59.5%. Prices as of 27 Oct 2026.
Quick Answer
The three smart meter, tower and pipe stocks to watch are Genus Power Infrastructures, Skipper and Transrail Lighting. Their return on equity ranges from 14.3% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 30.9% 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 27 October 2026 close, and this article is educational, not investment advice.
Smart meter, tower and pipe stocks offer a focused view of a sector where demand keeps widening. Genus Power Infrastructures, Skipper and Transrail Lighting cover a smart meter and power infrastructure maker, a transmission tower and polymer pipe manufacturer and a power line projects company.
This list covers three smart meter, tower and pipe stocks with complete current figures: Genus Power Infrastructures, Skipper and Transrail Lighting. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Smart Meter, Tower and Pipe Stocks?
Smart meter, tower and pipe stocks are listed companies that make electricity meters, transmission towers and polymer pipes and build power lines for utilities and industry. Their earnings depend on utility spending, order inflows, project execution and raw material costs.
Smart Meter, Tower and Pipe Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Genus Power Infrastructures | 267.85 | 8,639 | 13.3 | 44.3 | 26.7 | 1.04 |
| Skipper | 507.9 | 5,800 | 25.8 | 44.4 | 14.3 | 0.64 |
| Transrail Lighting | 431.2 | 5,796 | 14.3 | 22.1 | 17.7 | 0.30 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing smart meter, tower and pipe 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 smart meter, tower and pipe stocks can use the coming numbers to test whether growth is holding.
Why Do Smart Meter, Tower and Pipe Stocks Have a Strong Roadmap in India?
Smart meter, tower and pipe stocks have a strong roadmap in India because smart meter rollouts, grid expansion and rising infrastructure spending keep widening the market for Indian power infrastructure makers.
- Smart meters. Utilities replace old meters at scale.
- Grid expansion. Utilities add lines and towers.
- Order books. Long projects give revenue visibility.
Why Genus Power Infrastructures Features Among These Smart Meter, Tower and Pipe Stocks
Among the smart meter, tower and pipe stocks 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 Skipper Features Among These Smart Meter, Tower and Pipe Stocks
Among the metering, towers and polymer pipe shares on this list, Skipper is a Kolkata-based maker of power transmission towers and poles and of polymer pipes and fittings, and it also takes on infrastructure projects in India and overseas.
The company has a return on equity of 14.3%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 5,800 crore. The stock trades at a P/E of 25.8, below the industry P/E of 44.4.
Revenue rose from Rs 1,711 crore in FY22 to Rs 5,563 crore in FY26, a compound annual growth rate of 34.3%. Net profit grew from Rs 25.1 crore in FY22 to Rs 213 crore in FY26, which works out to a compound annual growth rate of 70.6%. In the June 2026 quarter, revenue grew 4.5% year on year to Rs 1,314 crore, while net profit rose 25.5% to Rs 56.8 crore.
Roadmap: The company is growing its transmission tower order book and adding polymer pipe capacity, which spreads its earnings across power and water related demand. Grid expansion and housing spending support both businesses.
What to watch: Track tower order inflows, pipe volumes and progress on new capacity.
Why Transrail Lighting Features Among These Smart Meter, Tower and Pipe Stocks
Among the three companies on this list, Transrail Lighting is a Vadodara-based engineering, procurement and construction company that builds power transmission and distribution lines and makes transmission towers, poles and conductors.
Revenue rose from Rs 2,357 crore in FY22 to Rs 6,929 crore in FY26, a compound annual growth rate of 30.9%. Net profit grew from Rs 65.2 crore in FY22 to Rs 404 crore in FY26, which works out to a compound annual growth rate of 57.7%.
In the June 2026 quarter, revenue grew 4.9% year on year to Rs 1,753 crore, while net profit rose 1.9% to Rs 108 crore. The company has a return on equity of 17.7%, a debt to equity ratio of 0.30 and a market capitalisation of Rs 5,796 crore. The stock trades at a P/E of 14.3, below the industry P/E of 22.1.
Roadmap: The company is growing through new transmission projects in India and overseas and through its own manufacturing of towers and related products. Government spending on grid expansion supports a healthy flow of tenders.
What to watch: Track order book additions, project execution and overseas contracts.
Genus Power Infrastructures vs Skipper vs Transrail Lighting on Key Financials
The table below sets the three smart meter, tower and pipe 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 |
|---|---|---|---|---|---|
| Genus Power Infrastructures | 744 | 4,821 | 59.5% | 565 | 11.7% |
| Skipper | 1,711 | 5,563 | 34.3% | 213 | 3.8% |
| Transrail Lighting | 2,357 | 6,929 | 30.9% | 404 | 5.8% |
Genus Power Infrastructures posts the highest return on equity in this group at 26.7%. Transrail Lighting has the largest FY26 revenue at Rs 6,929 crore, and Genus Power Infrastructures shows the fastest revenue growth with a 59.5% compound annual rate. A useful habit with smart meter, tower and pipe stocks is to check each new quarterly result against the capacity plans the company described earlier.
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 |
|---|---|---|---|
| Genus Power Infrastructures | 964 | 1,407 | 46.0% |
| Skipper | 1,257 | 1,314 | 4.5% |
| Transrail Lighting | 1,671 | 1,753 | 4.9% |
Key Risks to Check Before Investing in Smart Meter, Tower and Pipe Stocks
Every theme carries risks that deserve a check before any decision. For these smart meter, tower and pipe stocks, the main points are: Long-term metering, towers and polymer pipe shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order timing. Project awards can shift between periods.
- Input costs. Metal and material prices can move margins.
- 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 smart meter, tower and pipe stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Smart Meter, Tower and Pipe Stocks
Smart meter, tower and pipe stocks reward patient research into demand, execution and financial strength. Genus Power Infrastructures, Skipper and Transrail Lighting each have a clear plan to expand. Based on the 27 October 2026 close, Genus Power Infrastructures trades at Rs 267.85, Skipper at Rs 507.9 and Transrail Lighting at Rs 431.2. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these smart meter, tower and pipe stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track smart meter, tower and pipe stocks, set price alerts and get research-backed stock ideas.
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 smart meter, tower and pipe stocks?
Ans. Smart meter, tower and pipe stocks are listed companies that make electricity meters, transmission towers and polymer pipes and build power lines for utilities and industry. Their earnings depend on utility spending, order inflows, project execution and raw material costs. This list looks at three of them, Genus Power Infrastructures, Skipper and Transrail Lighting, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which smart meter, tower and pipe stocks are covered in this list?
Ans. This list covers Genus Power Infrastructures, Skipper and Transrail Lighting. Based on the 27 October 2026 close, Genus Power Infrastructures traded at Rs 267.85, Skipper at Rs 507.9 and Transrail Lighting at Rs 431.2. Their return on equity ranges from 14.3% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 30.9% to 59.5%.
Why do smart meter, tower and pipe stocks have a strong future roadmap in India?
Ans. Smart meter, tower and pipe stocks have a strong roadmap in India because smart meter rollouts, grid expansion and rising infrastructure spending keep widening the market for Indian power infrastructure makers. The main drivers are as follows. Smart meters. Utilities replace old meters at scale. Grid expansion. Utilities add lines and towers. Order books. Long projects give revenue visibility. Together these factors give the companies on this list a visible path for growth over the coming years.
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 Skipper performed financially?
Ans. Revenue rose from Rs 1,711 crore in FY22 to Rs 5,563 crore in FY26, a compound annual growth rate of 34.3%. Net profit grew from Rs 25.1 crore in FY22 to Rs 213 crore in FY26, which works out to a compound annual growth rate of 70.6%. In the June 2026 quarter, revenue grew 4.5% year on year to Rs 1,314 crore, while net profit rose 25.5% to Rs 56.8 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 5,800 crore. The stock trades at a P/E of 25.8, below the industry P/E of 44.4. Looking ahead, the company is growing its transmission tower order book and adding polymer pipe capacity, which spreads its earnings across power and water related demand. Grid expansion and housing spending support both businesses.
How has Transrail Lighting performed financially?
Ans. Revenue rose from Rs 2,357 crore in FY22 to Rs 6,929 crore in FY26, a compound annual growth rate of 30.9%. Net profit grew from Rs 65.2 crore in FY22 to Rs 404 crore in FY26, which works out to a compound annual growth rate of 57.7%. In the June 2026 quarter, revenue grew 4.9% year on year to Rs 1,753 crore, while net profit rose 1.9% to Rs 108 crore. The company has a return on equity of 17.7%, a debt to equity ratio of 0.30 and a market capitalisation of Rs 5,796 crore. The stock trades at a P/E of 14.3, below the industry P/E of 22.1. Looking ahead, the company is growing through new transmission projects in India and overseas and through its own manufacturing of towers and related products. Government spending on grid expansion supports a healthy flow of tenders.
What risks should investors check before buying smart meter, tower and pipe stocks?
Ans. Investors should check a few risks before buying smart meter, tower and pipe stocks. Order timing. Project awards can shift between periods. Input costs. Metal and material prices can move margins. 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 smart meter, tower and pipe stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 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.
