Ashish Kacholia Holds 2.67 Per Cent Stake: Cable company receives Bid Confirmation for L1 Stage – Successful Bidder for Turnkey Contract
The stock gave multibagger returns of 350 per cent in just 2 years and a whopping 2,000 per cent in 3 years.
Advait Energy Transitions Limited, formerly Advait Infratech Limited, has announced that it has been confirmed as the L1 stage successful bidder for a turnkey contract involving the supply, installation, testing, and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) and its accessories. This project, under the Vanbandhu Kalyan Yojana-2 (VKY-2) Scheme for Dakshin Gujarat Vij Company Limited (DGVCL), will cover 580 Circuit Kilometers (CMK) within DGVCL's jurisdiction. The contract stipulates a 15-month completion timeline, with DGVCL supplying the necessary poles and fabrications.
Earlier, the company bagged a contract from Parbati Koldam Transmission Company Limited. The contract involves the procurement and service of an Emergency Restoration System (ERS) for the 2 X 400 kV single circuit Parbati – Koldam and 400 kV double circuit Koldam – Ludhiana transmission lines. The project is scheduled for completion within 10 months.
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.
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Regarding the financials, Advait Infratech has a market cap of over Rs 1,400 crore with a 3-year stock price CAGR of 175 per cent. The net sales increased by 35 per cent to Rs 98.45 crore and the net profit increased by 27 per cent to Rs 5.58 crore in Q3FY25 over Q3FY24. 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.
An ace investor, Ashish Kacholia, owns 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. The shares of the company have an ROE of 37 per cent and an ROCE of 37 per cent. The stock gave multibagger returns of 350 per cent in just 2 years and a whopping 2,000 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.