Ashish Kacholia Holds 2.67 Per Cent Stake: This Small-Cap Cable Company Secures Rs 100 MW Solar EPC Project from Adani Green Energy Six Ltd
Major public shareholders include Suresh Kumar Agarwal and Ashish Kacholia, each holding 2.67 per cent, and Tanvi Jignesh Mehta with 2.33 per cent.
Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, has secured a significant order from Adani Green Energy Six Limited for the execution of turnkey solutions for a 100 MWac solar EPC project at the Khavda Hybrid Renewable Power Project in Kutch, Gujarat. The contract involves comprehensive activities such as civil works for pile foundation, installation of stubs, electrical works, erection of module mounting structures, and the implementation of a robotic cleaning system structure.
The project is expected to be completed within approximately 3.5 months. This order underscores Advait's capabilities in delivering large-scale renewable energy projects and aligns with its strategic focus on expanding its footprint in the solar EPC domain. The company continues to leverage its expertise in power transmission and renewable energy solutions to drive growth and innovation in the sector.
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Advait Energy Transitions is a significant player in the power transmission and renewable energy sectors, offering a broad range of products and solutions. The company operates through various business divisions, including Power Transmission Solutions, New and Renewable Energy, and Sustainability Services. In the power transmission segment, Advait manufactures and provides EPC services for products like ACS Wires, OPGW, ERS, and HTLS conductors.
The renewable energy division focuses on green hydrogen projects, solar EPC, and battery energy storage systems. Advait holds a substantial market share, with 50 per cent in stringing tools and 30 per cent in insulator supply, and is a key player in OPGW manufacturing. The company is actively expanding its electrolyser production capacity and aims to establish a 1 GW manufacturing facility by 2030. With over 450 projects completed and a presence in over 45 countries, Advait is committed to technological advancements, diversification, and expansion in the renewable energy sector.
As of March 28, 2025, the current stock price of Advait Energy Transitions Limited is Rs 1,075.55. The stock has a 52-week high of Rs 2,252.35 and a 52-week low of Rs 1,036.55. The market capitalisation of Advait Energy Transitions Limited is Rs 1,223 crore. The company has a 1-year return of -18.63 per cent. Major public shareholders include Suresh Kumar Agarwal and Ashish Kacholia, each holding 2.67 per cent, and Tanvi Jignesh Mehta with 2.33 per cent.
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 10.00 crore in the previous financial year.
With a PE ratio of 40.1x, the company trades at a premium compared to the industry PE of 19.6. The company has a ROCE of 39.6 per cent and a ROE of 33.73 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.