One of the Ashish Kacholia stocks is involved in offering products and solutions for the power transmission, power substation, and telecommunication infrastructure sectors. The stock has hit a 5 percent upper circuit after securing an order for 24 F OPGW on the 400 KV Kurukshetra-Malerkotla transmission line.
Stock Price Movement:
In Friday’s trading session, Advait Infratech Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 1713.35 per share on Monday, up from its previous closing price of Rs. 1631.80 per share. As of December 6, 2024, the company’s market capitalization is approximately Rs. 1,850.52 crore.
What Happened:
Advait Infratech Limited has secured an order from NRSS XXXI (B) Transmission Limited to supply and install 24 F OPGW on a turnkey basis for the 400 KV Kurukshetra-Malerkotla Transmission Line.
The domestic order must be completed within 7 months. This project demonstrates Advait Infratech Limited’s expertise in executing complex transmission line projects efficiently.
Product Portfolio:
The company boasts a diverse product portfolio, featuring power transmission products such as stringing tools and optical fibre cables. It also delivers comprehensive telecommunication solutions through turnkey projects.
Recently, the company expanded into green energy, concentrating on electrolyzers and hydrogen technologies via its subsidiaries.
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Market Presence:
Advait Infratech Limited has a global presence, providing products to leading EPC companies and utilities across various sectors. It has established joint ventures to manufacture OPGW and OFC cables, enhancing its production capabilities.
Recent Quarter Results and Ratios:
Advait Infratech Limited reported a slight decline in revenue, which fell by 0.81% from ₹47.98 crore in Q2 FY24 to ₹47.59 crore in Q2 FY25. However, the company’s net profit increased by 12.05%, rising from ₹4.98 crore in Q2 FY24 to ₹5.58 crore in Q2 FY25.
Over the past five years, Advait Infratech has achieved a remarkable compound annual growth rate (CAGR) of 49.20% in revenue and 347.58% in net profit.
Regarding return ratios, the company’s return on capital employed (ROCE) stands at 39.6%, while the return on equity (ROE) is 33.6%. With a debt-to-equity ratio of 0.24x, the company is nearly debt-free. Advait Infratech’s earnings per share (EPS) is ₹25.5.
Company Overview:
Advait Infratech Limited was established in 2009 and headquartered in Ahmedabad, India, and 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 and actively explores green energy solutions, including hydrogen production technologies.
Written By – Nikhil Naik
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