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The meter has also been integrated with GPRS modem so users can communicate and get information about loads, tampering and consumption patterns. The switching time can also be changed, by using GSM/GPRS communication modules, eliminating a major source of revenue loss to electricity boards due to improper switching of the streetlights. Another feature is that it can precisely calculate the time of switching lights on and off based on the exact sunrise/sunset timings on each day for the next 100 years at precise longitudes and latitudes. This feature, which maximises electricity savings, is based on astronomical algorithms.
Genus’s software design and application also integrates electric meters with data-monitoring software leading to a reduction of losses on transmission and distribution, which is of great value to power distribution companies. During the year, it developed a wireless automated meter solution in collaboration with Dakshinanchal Vidyut Vitran Nigam Ltd. The programme involves installing wireless power meters at the premises of its industrial consumers that will drastically bring down meter-reading costs as well as power theft; the process of manual meter reading would be eventually redundant. Another innovation has been a keypad-based pre-paid electricity meter which is better than the conventional plug-in type card-based pre-paid meters. These meters ensure advance revenue collection for utilities. The current government policies promote this concept, which means a large potential market in coming years. The product is getting international acceptance too and has been approved by Brazilian utilities. Another product innovation is a modem with a built-in isolated power supply used for data transfer for home automation, intelligent buildings, automatic meter-reading, remote display, fire and security alarm systems, etc.
On the power infrastructure services side, Genus offers turnkey solutions in areas like sub-station commissioning, transmission and distribution (getting preliminary design approved, procurement of accessories such as conductors, insulators and hardware accessories, construction, setting up transmission towers, civil work, laying of cables, installation of transformers). Genus hopes that if a part of the target of rural electrification under the Rajiv Gandhi Grameen Vidyutikaran Yojana is met, it will mean large orders for years. This scheme targets to set up at least a 33/11KV substation, village electrification infrastructure with at least one distribution transformer in a village or hamlet, and standalone grids with generation, where grid supply is not feasible.
The demand for Genus’s products and services and its continuous innovation shows in its financial results. It ended 2007-08 with a 32% rise in turnover and 52% rise in operating profit. At the current price of Rs462.20, the market-cap is 9.52 times the operating profit and 1.53 times its operating revenues for 2007-08. A 20%-25% annual growth looks reasonable and, from that perspective, the stock is undervalued.