Rs 800 Crore Order Book: Ashish Kacholia’s Portfolio Multibagger Cable Stock Jumps After Securing Order of Rs 86,14,02,348 from Power Grid Corporation of India
The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 1,100 per cent in 3 years.
On Wednesday, shares of Advait Energy Transitions Limited jumped 14.5 per cent to Rs 1,485 per share from its previous closing of Rs 1,297.15 per share. The stock’s 52-week high is Rs 2,260 per share and its 52-week low is Rs 1,020 per share. The shares of the company saw a spurt in volume by more than 5 times on the BSE.
Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, announced the acceptance of significant domestic Supply of Goods Contracts from Power Grid Corporation of India Limited. This contract involves the supply and installation of OPGW and communication equipment for various transmission lines across India under a bulk implementation project. The total value of these orders is Rs 86,14,02,348 (excluding taxes), and each OPGW link within this package is expected to be completed within 12 months from the issuance of its lot-wise implementation instructions.
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 1,500 crore with a 3-year stock price CAGR of 150 per cent. The net sales increased by 225 per cent to Rs 195 crore and the net profit increased by 86 per cent to Rs 13 crore in Q4FY25 over Q4FY24. The net sales increased by 91 per cent to Rs 399 crore and the net profit increased by 45 per cent to Rs 32 crore in FY25 over FY24. The company has an order book of Rs 800 crore that includes L1 orders.
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 22 per cent and an ROCE of 27 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.