Ashish Kacholia Holds a 2.67 Per Cent Stake: Cable Company Receives an Order Worth Rs 7,43,40,944 From Gujarat BESS Private Limited
The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 1,100 per cent in 3 years.
Advait Energy Transitions Limited, previously known as Advait Infratech Limited, has secured a significant domestic order from Gujarat BESS Private Limited for the Supply, Erection, Testing, and Commissioning of the AC side of a substantial 180 MW / 360 MWh Battery Energy Storage System (BESS) project located in Sanand. This project, valued at Rs 7,43,40,944/-, has a tight execution timeline, requiring mechanical completion by November 30th, 2025, and final charging by December 23rd, 2025. This order marks a notable step for Advait Energy Transitions in the burgeoning energy storage sector in India.
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 300 per cent in just 2 years and a whopping 1,100 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.