During Thursday’s trading session, the shares of a company offering comprehensive supply and installation-EPC solutions for green hydrogen projects jumped 9.94 percent on BSE, after the company received bid confirmation for L1 stage – successful bidder for a turnkey contract.
Price Movement
With a market capitalisation of Rs. 1,380.3 crores, the shares of Advait Energy Transitions Limited closed in the green at Rs. 1,278, up by nearly 9.4 percent, as against its previous closing price of Rs. 1,168.75. The stock has delivered negative returns of over 2 percent in one year, while about 14.5 percent of positive returns in one month.
What’s the News
According to the latest regulatory filings with the BSE, Advait Energy Transitions Limited has received bid confirmation as the L1 bidder for a project under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme, and is expected to be completed within 15 months.
This tender involves the supply, installation, testing, and commissioning of an 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) along with its accessories. The poles and their fabrications will be supplied by DGVCL. The project covers 580 CMK and will be carried out within DGVCL’s jurisdiction.
Previous Updates
- 25th March: The company secured bid confirmation as the L1 bidder for PACKAGE OPGW-04, involving the supply and installation of OPGW and communication equipment for various transmission lines across India under bulk implementation. This contract was awarded by Power Grid Corporation of India Limited.
- 28th March: Advait Energy Transitions Limited bagged an order from Adani Green Energy Six Limited. The project is scheduled for completion within nearly 3.5 months.
The scope of work includes turnkey execution of Solar EPC solutions, covering activities such as civil works for pile foundation, stub installation, electrical works, erection of module mounting structures, installation of solar modules, robotic cleaning system structures, and civil works for the IDT station (Fixed Tilt System) for a 100 MWac capacity at the Khavda Hybrid Renewable Power Project in Khavda, Kutch, Gujarat.
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Financial Performance
Advait Energy reported a significant growth in the revenue from operations, experiencing a rise of nearly 35.4 percent YoY, increasing from Rs. 72.7 crores in Q3 FY24 to Rs. 98.4 crores in Q3 FY25. Similarly, during the same period, the company’s net profit increased from Rs. 7.7 crores to Rs. 9.8 crores, representing a rise of around 27.3 percent YoY.
Key Financial Ratios
In terms of key financial metrics, Advait Energy Transitions has a Return on Equity (RoE) of 36.6 percent and a return on capital employed (RoCE) of 37.2 percent. Additionally, the company’s debt-to-equity ratio stands at 0.26.
Shareholding Pattern
As per the December 2024 shareholding pattern, the Promoters hold a 69.46 percent stake in the company, while Retail Investors hold a 30.55 percent stake in Advait Energy. Further, the ace investor Ashish Kacholia holds a 2.67 percent stake in the company.
About the Company
Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, is engaged in the business of offering comprehensive supply and installation-EPC solutions for green hydrogen projects, covering engineering, procurement, and commissioning phases.
Incorporated in 2010, the company also provides EPC solutions for transformers, rectifiers, PLC SCADA systems, HMI, and LT panels, facilitating the smooth operation of hydrogen production facilities.
Written by Shivani Singh
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