One of the Ashish Kacholia Stocks is engaged in providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. The stock has hit a 5 percent upper circuit after securing an order from Gujarat Urja Vikas Nigam Limited (GUVNL) for 50 MW battery projects.
Stock Price Movement:
In Tuesday’s trading session, Advait Infratech Limited‘s stock surged by 5 percent, reaching an upper circuit of Rs. 1,481 per share on Monday, up from its previous closing price of Rs. 1,410.50 per share. As of December 3, 2024, the company’s market capitalization is approximately Rs. 1,599.57 crore.
What Happened:
Advait Energy Transitions Limited, formerly Advait Infratech Limited, has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 50 MW/500 MWh segment of a 500 MW/1000 MWh standalone battery energy storage system project in Gujarat.
The project is under tariff-based global competitive bidding (Phase-IV) with viability gap funding support and is to be completed within 18 months, marking a significant step in energy transition initiatives.
Product Portfolio
The company offers a diverse product portfolio, including power transmission products like stringing tools and optical fibre cables. It provides comprehensive telecommunication solutions with turnkey projects.
Recently, it expanded into green energy, focusing on electrolysers and hydrogen technologies through its subsidiaries.
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Market Presence
Advait Infratech operates globally, supplying products to major EPC companies and utilities across multiple sectors. It has formed joint ventures to manufacture OPGW and OFC cables, boosting its production capabilities.
Recent quarter results and ratios:
Advait Infratech Limited’s revenue has slightly decreased from Rs. 47.98 crore in Q2 FY24 to Rs. 47.59 crore in Q2 FY25, which has down by 0.81 percent. The net profit of Advait Infratech Limited has grown by 12.05 percent from Rs. 4.98 crore in Q2 FY24 to Rs. 5.58 crore in Q2 FY25.
Advait Infratech Limited’s revenue and net profit have grown at a CAGR of 49.20 percent and 347.58 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 39.6 percent and 33.6 percent, respectively. The debt-to-equity ratio of the company is to be 0.24x, which shows the company is almost debt-free. Advait Infratech Limited’s EPS is to be Rs. 25.5.
Company Overview:
Advait Infratech Limited was established in 2009 and headquartered in Ahmedabad, India. The company specializes in providing products and solutions for power transmission, substations, and telecommunication infrastructure.
The company manufactures essential components such as OPGW cables and stringing tools while also venturing into green energy solutions, including hydrogen production technologies.
Written By – Nikhil Naik
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