Ashish Kacholia Backed Multibagger Power Transmission Stock Surges Over 5 Per Cent in Intraday After Securing L1 Bid For PGVCL Turnkey Contract
In the last five years, the stock has given multibagger returns of 5,000 per cent.
Advait Energy Transitions Ltd is witnessing strong intraday momentum, currently trading at Rs 1305.00, up Rs 71.10 or 5.76 per cent from the previous close of Rs 1233.90. The stock opened higher at Rs 1275.00, indicating positive sentiment from the start of the session due to following development.
On Tuesday, April 15, 2025, Advait Energy Transitions Ltd informed that the company has received bid confirmation for L1 stage – Successful bidder for Turnkey Contract for Supply, Installation, Testing and Commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories and allied items for creation of Robust network for reliable power supply in 11KV feeder of Bhavnagar Circle of PGVCL under System Improvement (SI) Scheme to be completed within 12 months.
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Advait Energy Transitions Ltd engages in the provision of power transmission, power substation, and telecommunication infrastructure field solutions. It offers optical fiber ground wire and optical fiber cables, insulators for the extra high voltage transmission lines, stringing tools for construction of transmission lines, supply of gas insulators sub stations, and transmission and substation lines. The company was founded in 2009 and is headquartered in Ahmedabad, India. Ace investor Ashish Kacholia hold 2.67 per cent stake in this company since last two quarters. The company has unexecuted order book (UOB) totals Rs 476 crore, with PTS at Rs 273 crore and NRE at Rs 203 crore.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 94.36 crore, reflecting a YoY growth of 30.13 per cent compared to Rs 72.51 crore in December 2023. The operating profit stood at Rs 15.06 crore, marking a 24.05 per cent increase from Rs 12.14 crore in the same quarter last year. The profit after tax (PAT) increased by 34.41 per cent to Rs 10.39 crore from Rs 7.73 crore in December 2023.
In FY24, the company posted a revenue of Rs 207.44 crore, registering a 101.26 per cent growth compared to Rs 103.07 crore in FY23. The net profit for the year stood at Rs 21.33 crore, up 113.30 per cent from Rs 10 crore in the previous financial year.
With a PE ratio of 48.8 the company trades at a premium compared to the industry PE of 20.7. The company has ROCE of 39.6 per cent and ROE of 33.73 per cent. In the last five years, the stock has given multibagger returns of 5,000 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.