6,400 per cent returns and Rs 2,095 crore order book: This multibagger power sector stock bags new order worth Rs 158.9 crore!
Shares of the company have gained more than 220 per cent on a YTD basis.
Advait Infratech has secured a letter of intent for a substantial turnkey project valued at Rs. 158.9 crore in Gujarat. This project involves the installation of a new 11kV medium voltage covered conductor (AL59 ACS) infrastructure across the state.
Advait Infratech's scope of work encompasses the entire project lifecycle, from initial site surveys and design to final documentation. This includes engineering, procurement of all necessary materials, transportation, installation, testing, and commissioning. The successful completion of this project is expected to significantly enhance electrical infrastructure capabilities within Gujarat.
In the recent quarter Q4FY24, the company generated a revenue of Rs 59.73 crore, which increased by 46.18 per cent compared to the previous year. The operating profit for Q4FY24 stood at Rs 12.83 crore, marking a significant increase of 92.83 per cent on a YoY basis. The company's net profit after tax (PAT) saw a significant jump, reaching Rs 7.23 crore, with a growth of 106.22 per cent on a YoY basis.
Advait Infratech Limited is engaged in business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. It operates with various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products, and providing end to end solutions for the overseas. The stock has delivered multibagger returns of over 6,400 per cent in the last three years. The company has an order book worth Rs 2,095 crore.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.