Rs 209.60 crore order book: Ashish Kacholia’s portfolio multibagger cable stock in green as company bags order worth Rs 20,32,50,440 from Dakshin Gujarat Vij Company Ltd
The stock gave multibagger returns of 375 per cent in just 1 year and a whopping 5,500 per cent in 3 years.
On Wednesday, shares of Advait Infratech Ltd gained 3.60 per cent to an intraday high of Rs 2,010 per share from its previous closing of Rs 1,940.65. At the closing bell, shares of the company were trading at Rs 1,980 per share, up 2 per cent.
Advait Infratech Ltd. has been awarded an EPC contract by Dakshin Gujarat Vij Company Limited (DGVCL) for the installation of MVCC in Southern Gujarat. This turnkey contract involves the supply, installation, testing and commissioning of 11 KV 55mm2 AAAC Medium Voltage Covered Conductor (MVCC) and its accessories. The contract is valued at Rs. 20,32,50,440 (inclusive of GST) and is expected to be completed within 12 months from LOI.
Earlier, the company secured a significant Rs 35 crore EPC contract from Power Grid Corporation of India to install OPGW cable in Ladakh, encompassing design, engineering, supply, testing, and commissioning over 25 months. Additionally, its subsidiary, Advait Greenergy Ltd, has bagged contracts totalling Rs 72.69 crore for two green energy projects in Gujarat: a 30 MW solar power plant in Khavda, valued at Rs 59 crore, and a 1 MW green hydrogen plant in Matar, worth Rs 13.69 crore, both under the EPC model.
Advait Infratech Ltd is engaged in providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also, it operates with various verticals such as turnkey telecommunication projects, installation of power transmission, telecom products, etc. As of March 31, 2024, the company has a Rs 209.60 crore order book.
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In Q1FY25, an ace investor, Ashish Kacholia bought 2,88,185 shares or 2.67 per cent in the company at Rs 1,388 per share (face value is Rs 10) aggregating to Rs 40,00,00,780 via preferential issue of shares.
Regarding the financials, Advait Infratech has a market cap of over Rs 2,000 crore with a 3-year stock price CAGR of 305 per cent. The company reported excellent numbers in its both Quarterly Results (Q1FY25) and annual results (FY24). The net sales increased by 118 per cent to Rs 59.81 crore and net profit increased by 265 per cent to Rs 5.36 crore in Q1FY25 over Q1FY24. The net sales increased by 100.4 per cent to Rs 208.85 crore and the net profit increased by 159.3 per cent to Rs 21.88 crore in FY24 over FY23.
The shares of the company have an ROE of 38 per cent and an ROCE of 38 per cent. The stock gave multibagger returns of 375 per cent in just 1 year and a whopping 5,500 per cent in 3 years. Investors should keep a close eye on this small-cap cable stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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