Ashish Kacholia bought 2,88,185 shares in Q1FY25 of this multibagger cable company with Rs 209.60 crore order book; Script hit upper circuit & 52-week high

The stock gave multibagger returns of 420 per cent in just 1 year and a whopping 6,980 per cent in 3 years.

Today, shares of Advait Infratech Ltd hit a 5 per cent upper circuit to Rs 2,052.05 per share from its previous closing of Rs 1,954.35. The stock also made a fresh new 52-week high of Rs 2,052.05 while its 52-week low is Rs 344.70. The shares of the company saw a spurt in volume by more than 2.21 times on BSE.

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.

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.

Additionally, Advait Greenergy Private Limited, a subsidiary of Advait Infratech Limited, has secured two Letters of Intent (LOIs) from KPI Green Energy Ltd, a part of KP Group of Companies, totalling Rs 72.69 crore. The first LOI, valued at Rs 59 crore, is for an Engineering, Procurement, Construction, and Commissioning (EPCC) contract for a 30 MW ground-mounted solar project in Khavda, Gujarat. This domestic project is expected to be completed within nine months from the issuance of the service order. The second LOI, worth Rs 13.69 crore, is for an Engineering, Procurement, and Construction (EPC) contract for a 1 MW green hydrogen plant in Matar, also a domestic project. This project is slated for completion within eight months from the date of the Letter of Intent.

Regarding the financials, Advait Infratech has a market cap of over Rs 2,000 crore with a 3-year stock price CAGR of 315 per cent. The company reported excellent numbers in its both Quarterly Results (Q4FY24) and annual results (FY24). The net sales increased by 46.2 per cent to Rs 59.73 crore and net profit increased by 106.2 per cent to Rs 7.23 crore in Q4FY24 over Q4FY23. 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 420 per cent in just 1 year and a whopping 6,980 per cent in 3 years. Investors should keep a close eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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