1020 per cent returns in 3 years: This micro-cap multibagger stock reports 125 per cent jump in net profit!

This stock has given stellar returns of more than 1,020 per cent since its IPO in October 2020

On Monday, shares of Advait Infratech zoomed and got locked at a 5 per cent upper circuit to trade at an intraday high of Rs 287.70 apiece on BSE. The scrip witnessed a massive spurt in volume.

In Q4FY23, the total revenue of the company surged by 41.07 per cent from last year’s same quarter to Rs 103.05 crore. The EBITDA level of the company stood at 17.53 crore, registering a growth of 77.02 per cent from March 2022 quarter. The net profit of the company shot up by more than 40.22 per cent from the corresponding quarter last year to Rs 10 crore. The total orders inn hand for the company stood at Rs 226.70 crore.

The company is venturing into the Carbon Credit Market, recognizing the growing concerns surrounding climate change. The company acknowledges the urgency to address carbon emissions and aims to provide a range of consultancy services related to carbon credits. Additionally, they offer end-to-end solutions for achieving carbon neutrality and net-zero emissions.

By entering the Carbon Credit Market, Advait expects to gain access to new markets and establish a competitive advantage. This move will also contribute to building their reputation as an environmentally responsible organization.

In terms of their solar PV projects, Advait is strategically positioning itself as a mid-size solar Engineering, Procurement, and Construction (EPC) company. They aim to capitalize on the significant market potential in the solar industry. Their primary objective is to secure orders from Independent Power Producers (IPPs) and ensure the seamless execution of solar projects.

Simultaneously, Advait intends to target small-scale industrial clients and offer comprehensive turnkey solar solutions. They anticipate a targeted capacity of 4-5 MW per year, which is expected to generate annual revenue in the range of Rs 10-20 crore. This approach enables them to tap into a vast market while ensuring steady growth and profitability.

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Advait Infratech has transformed from a trading and consulting firm to a manufacturing and EPC operations marketing leader. The company's product line includes OPGW, OFC cables, ACS, ERS, and OPGW junction boxes. Despite being a Small-Cap company, it has established itself as a prominent player in the industrial industry.

This stock has given stellar returns of more than 1,020 per cent since its IPO in October 2020. The company has witnessed massive buying, with the shares giving multibagger returns of more than 230 per cent in just 1 year. Keep a close eye on this trending multibagger stock.