{"id":328039,"date":"2026-10-27T12:00:13","date_gmt":"2026-10-27T06:30:13","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328039"},"modified":"2026-10-27T12:00:13","modified_gmt":"2026-10-27T06:30:13","slug":"smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/","title":{"rendered":"3 Smart Meters Maker, Power and Distribution Transformers Producer and Transmission Line Contractor Stocks With a Strong Future Roadmap: Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International: ROE of 13.4% to 26.7% and FY22 to FY26 revenue CAGR of 16.4% to 59.5%. Prices as of 26 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three smart meter, transformer and power line stocks to watch are Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International. Their return on equity ranges from 13.4% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.4% 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 26 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Smart meter, transformer and power line stocks let investors follow companies that serve a growing part of the Indian economy. Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International cover a smart meters maker, a power and distribution transformers producer and a transmission line contractor.<\/p>\n<p>This list covers three smart meter, transformer and power line stocks with complete current figures: Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International. Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#What_Are_Smart_Meter_Transformer_and_Power_Line_Stocks\" title=\"What Are Smart Meter, Transformer and Power Line Stocks?\">What Are Smart Meter, Transformer and Power Line Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Smart_Meter_Transformer_and_Power_Line_Stocks_at_a_Glance\" title=\"Smart Meter, Transformer and Power Line Stocks at a Glance\">Smart Meter, Transformer and Power Line Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Why_Do_Smart_Meter_Transformer_and_Power_Line_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Smart Meter, Transformer and Power Line Stocks Have a Strong Roadmap in India?\">Why Do Smart Meter, Transformer and Power Line Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Why_Genus_Power_Infrastructures_Features_Among_These_Smart_Meter_Transformer_and_Power_Line_Stocks\" title=\"Why Genus Power Infrastructures Features Among These Smart Meter, Transformer and Power Line Stocks\">Why Genus Power Infrastructures Features Among These Smart Meter, Transformer and Power Line Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Why_Transformers_and_Rectifiers_India_Features_Among_These_Smart_Meter_Transformer_and_Power_Line_Stocks\" title=\"Why Transformers and Rectifiers (India) Features Among These Smart Meter, Transformer and Power Line Stocks\">Why Transformers and Rectifiers (India) Features Among These Smart Meter, Transformer and Power Line Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Why_Kalpataru_Projects_International_Features_Among_These_Smart_Meter_Transformer_and_Power_Line_Stocks\" title=\"Why Kalpataru Projects International Features Among These Smart Meter, Transformer and Power Line Stocks\">Why Kalpataru Projects International Features Among These Smart Meter, Transformer and Power Line Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Genus_Power_Infrastructures_vs_Transformers_and_Rectifiers_India_vs_Kalpataru_Projects_International_on_Key_Financials\" title=\"Genus Power Infrastructures vs Transformers and Rectifiers (India) vs Kalpataru Projects International on Key Financials\">Genus Power Infrastructures vs Transformers and Rectifiers (India) vs Kalpataru Projects International on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Key_Risks_to_Check_Before_Investing_in_Smart_Meter_Transformer_and_Power_Line_Stocks\" title=\"Key Risks to Check Before Investing in Smart Meter, Transformer and Power Line Stocks\">Key Risks to Check Before Investing in Smart Meter, Transformer and Power Line Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Final_Thoughts_on_Smart_Meter_Transformer_and_Power_Line_Stocks\" title=\"Final Thoughts on Smart Meter, Transformer and Power Line Stocks\">Final Thoughts on Smart Meter, Transformer and Power Line Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#What_are_smart_meter_transformer_and_power_line_stocks\" title=\"What are smart meter, transformer and power line stocks?\">What are smart meter, transformer and power line stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Which_smart_meter_transformer_and_power_line_stocks_are_covered_in_this_list\" title=\"Which smart meter, transformer and power line stocks are covered in this list?\">Which smart meter, transformer and power line stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Why_do_smart_meter_transformer_and_power_line_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do smart meter, transformer and power line stocks have a strong future roadmap in India?\">Why do smart meter, transformer and power line stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#How_has_Genus_Power_Infrastructures_performed_financially\" title=\"How has Genus Power Infrastructures performed financially?\">How has Genus Power Infrastructures performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#How_has_Transformers_and_Rectifiers_India_performed_financially\" title=\"How has Transformers and Rectifiers (India) performed financially?\">How has Transformers and Rectifiers (India) performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#How_has_Kalpataru_Projects_International_performed_financially\" title=\"How has Kalpataru Projects International performed financially?\">How has Kalpataru Projects International performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#What_risks_should_investors_check_before_buying_smart_meter_transformer_and_power_line_stocks\" title=\"What risks should investors check before buying smart meter, transformer and power line stocks?\">What risks should investors check before buying smart meter, transformer and power line stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/smart-meters-maker-power-and-distribution-transformers-producer-and-transmission-line-contractor-stocks-roadmap-zenith-list\/#Is_this_list_of_smart_meter_transformer_and_power_line_stocks_investment_advice\" title=\"Is this list of smart meter, transformer and power line stocks investment advice?\">Is this list of smart meter, transformer and power line stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Smart_Meter_Transformer_and_Power_Line_Stocks\"><\/span><strong>What Are Smart Meter, Transformer and Power Line Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Smart meter, transformer and power line stocks are listed companies that make electricity meters and transformers and build power lines for utilities. Their earnings depend on utility spending, metering programmes, order books and input costs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Smart_Meter_Transformer_and_Power_Line_Stocks_at_a_Glance\"><\/span><strong>Smart Meter, Transformer and Power Line Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/genuspower\/genus-power-infrastructures-ltd-share-price-today\">Genus Power Infrastructures<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">260.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8,639<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.04<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/taril\/transformers-and-rectifiers-(india)-ltd-share-price-today\">Transformers and Rectifiers (India)<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">299.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,776<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">43.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.35<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/kpil\/kalpataru-projects-international-ltd-share-price-today\">Kalpataru Projects International<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,295.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22,241<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.46<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>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, transformer and power line stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Smart_Meter_Transformer_and_Power_Line_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Smart Meter, Transformer and Power Line Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Smart meter, transformer and power line stocks have a strong roadmap in India because smart meter programmes, grid upgrades and new transmission lines keep lifting orders for utility suppliers.<\/p>\n<ul>\n<li><strong>Smart metering.<\/strong> Utilities replace old meters with smart ones.<\/li>\n<li><strong>Grid upgrades.<\/strong> Transformers are needed for new load.<\/li>\n<li><strong>Line projects.<\/strong> Transmission contracts add multi-year work.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Genus_Power_Infrastructures_Features_Among_These_Smart_Meter_Transformer_and_Power_Line_Stocks\"><\/span><strong>Why Genus Power Infrastructures Features Among These Smart Meter, Transformer and Power Line Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the smart meter, transformer and power line 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.<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> The national smart meter rollout is the company&#8217;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.<\/p>\n<p><strong>What to watch:<\/strong> Monitor execution pace on the smart meter order book and the cash collection from utilities.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Transformers_and_Rectifiers_India_Features_Among_These_Smart_Meter_Transformer_and_Power_Line_Stocks\"><\/span><strong>Why Transformers and Rectifiers (India) Features Among These Smart Meter, Transformer and Power Line Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the grid equipment and metering shares on this list, Transformers and Rectifiers (India) is a Gujarat-based manufacturer of power and distribution transformers, reactors and rectifiers for utilities and industrial customers in India and overseas.<\/p>\n<p>Revenue rose from Rs 1,172 crore in FY22 to Rs 2,570 crore in FY26, a compound annual growth rate of 21.7%. Net profit grew from Rs 216 crore in FY25 to Rs 272 crore in FY26, a rise of 25.8%.<\/p>\n<p>The company has a return on equity of 18.4%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 9,776 crore. The stock trades at a P\/E of 31.2, below the industry P\/E of 43.9.<\/p>\n<p><strong>Roadmap:<\/strong> Investment in transmission networks and renewable energy evacuation is lifting demand for large transformers. The company has been adding manufacturing capacity to take on bigger orders and to widen its export reach.<\/p>\n<p><strong>What to watch:<\/strong> Follow order book growth and the ramp-up of new manufacturing capacity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Kalpataru_Projects_International_Features_Among_These_Smart_Meter_Transformer_and_Power_Line_Stocks\"><\/span><strong>Why Kalpataru Projects International Features Among These Smart Meter, Transformer and Power Line Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Kalpataru Projects International is an engineering and construction company that builds power transmission lines, railways, buildings, water pipelines and oil and gas infrastructure in India and abroad.<\/p>\n<p>The company has a return on equity of 13.4%, a debt to equity ratio of 0.46 and a market capitalisation of Rs 22,241 crore. The stock trades at a P\/E of 19.7, below the industry P\/E of 22.3.<\/p>\n<p>Revenue rose from Rs 14,866 crore in FY22 to Rs 27,248 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew from Rs 535 crore in FY22 to Rs 1,031 crore in FY26, which works out to a compound annual growth rate of 17.8%. In the June 2026 quarter, revenue grew 4.8% year on year to Rs 6,485 crore, while net profit rose 45.9% to Rs 312 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company is winning larger projects across transmission, railways and urban infrastructure, and it is growing overseas. A diverse order book supports steady execution.<\/p>\n<p><strong>What to watch:<\/strong> Track order book growth, international contracts and working capital discipline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Genus_Power_Infrastructures_vs_Transformers_and_Rectifiers_India_vs_Kalpataru_Projects_International_on_Key_Financials\"><\/span><strong>Genus Power Infrastructures vs Transformers and Rectifiers (India) vs Kalpataru Projects International on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three smart meter, transformer and power line stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Genus Power Infrastructures<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">744<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,821<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">59.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">565<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Transformers and Rectifiers (India)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,172<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,570<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">272<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Kalpataru Projects International<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14,866<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27,248<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,031<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Genus Power Infrastructures posts the highest return on equity in this group at 26.7%. Kalpataru Projects International has the largest FY26 revenue at Rs 27,248 crore, and Genus Power Infrastructures shows the fastest revenue growth with a 59.5% compound annual rate. A useful habit with smart meter, transformer and power line stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Smart_Meter_Transformer_and_Power_Line_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Smart Meter, Transformer and Power Line Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these smart meter, transformer and power line stocks, the main points are: Long-term grid equipment and metering shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Order timing.<\/strong> Utility orders can shift between periods.<\/li>\n<li><strong>Input costs.<\/strong> Copper and steel prices affect margins.<\/li>\n<li><strong>Payment cycles.<\/strong> Utility customers can pay slowly.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter smart meter, transformer and power line stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Smart_Meter_Transformer_and_Power_Line_Stocks\"><\/span><strong>Final Thoughts on Smart Meter, Transformer and Power Line Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Smart meter, transformer and power line stocks reward investors who follow demand trends, order books and margins together. Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International each have a clear plan to grow. Based on the 26 October 2026 close, Genus Power Infrastructures trades at Rs 260.8, Transformers and Rectifiers (India) at Rs 299.7 and Kalpataru Projects International at Rs 1,295.9.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track smart meter, transformer and power line stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_smart_meter_transformer_and_power_line_stocks\"><\/span><strong>What are smart meter, transformer and power line stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Smart meter, transformer and power line stocks are listed companies that make electricity meters and transformers and build power lines for utilities. Their earnings depend on utility spending, metering programmes, order books and input costs. This list looks at three of them, Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_smart_meter_transformer_and_power_line_stocks_are_covered_in_this_list\"><\/span><strong>Which smart meter, transformer and power line stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International. Based on the 26 October 2026 close, Genus Power Infrastructures traded at Rs 260.8, Transformers and Rectifiers (India) at Rs 299.7 and Kalpataru Projects International at Rs 1,295.9. Their return on equity ranges from 13.4% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.4% to 59.5%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_smart_meter_transformer_and_power_line_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do smart meter, transformer and power line stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Smart meter, transformer and power line stocks have a strong roadmap in India because smart meter programmes, grid upgrades and new transmission lines keep lifting orders for utility suppliers. The main drivers are as follows. Smart metering. Utilities replace old meters with smart ones. Grid upgrades. Transformers are needed for new load. Line projects. Transmission contracts add multi-year work. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Genus_Power_Infrastructures_performed_financially\"><\/span><strong>How has Genus Power Infrastructures performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Transformers_and_Rectifiers_India_performed_financially\"><\/span><strong>How has Transformers and Rectifiers (India) performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,172 crore in FY22 to Rs 2,570 crore in FY26, a compound annual growth rate of 21.7%. Net profit grew from Rs 216 crore in FY25 to Rs 272 crore in FY26, a rise of 25.8%. The company has a return on equity of 18.4%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 9,776 crore. The stock trades at a P\/E of 31.2, below the industry P\/E of 43.9. Looking ahead, investment in transmission networks and renewable energy evacuation is lifting demand for large transformers. The company has been adding manufacturing capacity to take on bigger orders and to widen its export reach.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Kalpataru_Projects_International_performed_financially\"><\/span><strong>How has Kalpataru Projects International performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 14,866 crore in FY22 to Rs 27,248 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew from Rs 535 crore in FY22 to Rs 1,031 crore in FY26, which works out to a compound annual growth rate of 17.8%. In the June 2026 quarter, revenue grew 4.8% year on year to Rs 6,485 crore, while net profit rose 45.9% to Rs 312 crore. The company has a return on equity of 13.4%, a debt to equity ratio of 0.46 and a market capitalisation of Rs 22,241 crore. The stock trades at a P\/E of 19.7, below the industry P\/E of 22.3. Looking ahead, the company is winning larger projects across transmission, railways and urban infrastructure, and it is growing overseas. A diverse order book supports steady execution.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_smart_meter_transformer_and_power_line_stocks\"><\/span><strong>What risks should investors check before buying smart meter, transformer and power line stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying smart meter, transformer and power line stocks. Order timing. Utility orders can shift between periods. Input costs. Copper and steel prices affect margins. Payment cycles. Utility customers can pay slowly. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_smart_meter_transformer_and_power_line_stocks_investment_advice\"><\/span><strong>Is this list of smart meter, transformer and power line stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 26 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are smart meter, transformer and power line stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Smart meter, transformer and power line stocks are listed companies that make electricity meters and transformers and build power lines for utilities. Their earnings depend on utility spending, metering programmes, order books and input costs. This list looks at three of them, Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which smart meter, transformer and power line stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International. Based on the 26 October 2026 close, Genus Power Infrastructures traded at Rs 260.8, Transformers and Rectifiers (India) at Rs 299.7 and Kalpataru Projects International at Rs 1,295.9. Their return on equity ranges from 13.4% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.4% to 59.5%.\"}},{\"@type\":\"Question\",\"name\":\"Why do smart meter, transformer and power line stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Smart meter, transformer and power line stocks have a strong roadmap in India because smart meter programmes, grid upgrades and new transmission lines keep lifting orders for utility suppliers. The main drivers are as follows. Smart metering. Utilities replace old meters with smart ones. Grid upgrades. Transformers are needed for new load. Line projects. Transmission contracts add multi-year work. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Genus Power Infrastructures performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Transformers and Rectifiers (India) performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,172 crore in FY22 to Rs 2,570 crore in FY26, a compound annual growth rate of 21.7%. Net profit grew from Rs 216 crore in FY25 to Rs 272 crore in FY26, a rise of 25.8%. The company has a return on equity of 18.4%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 9,776 crore. The stock trades at a P\/E of 31.2, below the industry P\/E of 43.9. Looking ahead, investment in transmission networks and renewable energy evacuation is lifting demand for large transformers. The company has been adding manufacturing capacity to take on bigger orders and to widen its export reach.\"}},{\"@type\":\"Question\",\"name\":\"How has Kalpataru Projects International performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 14,866 crore in FY22 to Rs 27,248 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew from Rs 535 crore in FY22 to Rs 1,031 crore in FY26, which works out to a compound annual growth rate of 17.8%. In the June 2026 quarter, revenue grew 4.8% year on year to Rs 6,485 crore, while net profit rose 45.9% to Rs 312 crore. The company has a return on equity of 13.4%, a debt to equity ratio of 0.46 and a market capitalisation of Rs 22,241 crore. The stock trades at a P\/E of 19.7, below the industry P\/E of 22.3. Looking ahead, the company is winning larger projects across transmission, railways and urban infrastructure, and it is growing overseas. A diverse order book supports steady execution.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying smart meter, transformer and power line stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying smart meter, transformer and power line stocks. Order timing. Utility orders can shift between periods. Input costs. Copper and steel prices affect margins. Payment cycles. Utility customers can pay slowly. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of smart meter, transformer and power line stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 26 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Smart Meter, Transformer and Power Line Stocks with a strong future roadmap: Genus Power Infrastructures, Transformers and Rectifiers (India) and Kalpataru Projects International. Compare price, valuation, return on equity and revenue growth as of 26 October 2026.<\/p>\n","protected":false},"author":29,"featured_media":328038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,16498,13971,16497,9157,11495,16496,14192],"class_list":["post-328039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-distribution-transformer-and-line-builder-stocks","tag-genus-power-infrastructures","tag-grid-equipment-and-metering-shares","tag-kalpataru-projects-international","tag-smart-meter","tag-transformer-and-power-line-stocks","tag-transformers-and-rectifiers-india"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["328038"],"rank_math_title":["Smart Meter, Transformer and Power Line Stocks"],"rank_math_description":["Compare 3 smart meter, transformer and power line stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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