Ashish Kacholia Holds 2.67 Per Cent Stake: Cable Stock In Focus As Company Bags New Orders From GETCO & GUVNL

The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 2,500 per cent in 3 years.

On Thursday, shares of Advait Energy Transitions Limited gained 3.20 per cent to Rs 1,578.95 per share from its previous closing of Rs 1,529.65 per share. The stock’s 52-week high is Rs 2,260 and its 52-week low is Rs 808.

Order 1: Advait Energy Transitions Limited has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd for a 50 MW/500 MWH portion of a larger project. This project involves setting up 500 MW/1000 MWH of Standalone Battery Energy Storage Systems in Gujarat. This award was granted through a Tariff-Based Global Competitive Bidding (Phase-IV) process, with the project receiving Viability Gap Funding support. Advait has 18 months to complete the 50 MW portion of the project.

Order 2: Advait Energy Transitions Limited has secured an order from Gujarat Energy Transmission Corporation Limited (GETCO) for the Supply, Installation, Testing, and Commissioning of a line conversion project. This involves replacing existing DOG conductors on two 66KV lines (Dhrangadhra (220KV) - Dhrangadhra and Viramgam - KANZ) in the Surendranagar Circle with equivalent HTLS conductors. The goal is to enhance the lines' ampacity while maintaining the same weight as the original conductors. This is a domestic order with a 6-month execution timeline.

About the Company

Advait Energy Transitions Limited, also known as Advait Infratech Ltd, provides 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 Q2FY25, 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 1,600 crore with a 3-year stock price CAGR of 305 per cent. The net sales decreased by 1 per cent to Rs 47.59 crore and net profit increased by 12 per cent to Rs 5.58 crore in Q2FY25 over Q2FY24. 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 34 per cent and an ROCE of 40 per cent. The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 2,500 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.