This Ace Investor Ashish Kacholia’s stock which is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields surged 3.2 percent after the company received an order from Gujarat Urja Vikas Nigam for 50MW battery energy storage systems.
Price Action
With a market capitalization of Rs. 1,676.31 Crores, the shares of Advait Energy Transitions Limited touched a day’s high of Rs. 1,578.95 per equity share, up 3.2 percent. The stock reiterated from the day’s high and was trading at Rs. 1,552.05 which is 1.46 percent up from its previous day’s close price of Rs. 1,529.65. The stock delivered a return of 86 percent and outperformed the Nifty Index in the past year.
What Happened
The company’s stock surged after receiving a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for 50 MW or 500 MWH project to set up 500 MW or 1000 MWh for Standalone Battery Energy Storage Systems in the state of Gujarat under the Tariff based Global Competitive Bidding in the Phase-IV with viability gap funding support. The period for completion of the project is 18 months.
About the Company
Advait Energy Transitions Limited (AETL), formerly Advait Infratech. They focus on power transmission, generation, and energy transitions. The company was founded in 2009 and the company provides products and solutions for power infrastructure which includes telecommunication projects and green hydrogen systems. Their business model focuses on innovation, sustainability, and comprehensive energy consultancy services, aligning with global trends toward renewable energy and decarbonization. The company aims to lead in green technologies while delivering tailored solutions to optimize performance and reliability in energy systems and contribute to a sustainable future in the energy sector.
Financials & Ratios
Its Revenue from operations declined by 5.63 percent year on year from Rs. 48.95 Crores in Q2FY24 to Rs. 46.19 Crores in Q2FY25, accompanied by a profit of Rs. 5.50 Crores to a profit of Rs. 4.03 Crores.
In terms of Return ratios, the return on equity (RoE) stood at 36.69 percent and a return on capital employed (RoCE) of 34.78 percent in FY24. They have a debt-to-equity ratio of 0.62 as of FY24.
Shareholding Pattern
As of September 2024, the promoters of Advait Energy Transitions held a share of 69.44 percent, Foreign Institutional Investors (FII) held around 0.01 percent, and the remaining 30.55 percent was held by Public Investors. Ace Investor Ashish Kacholia bought a fresh stake reflected in September 2024 shareholding pattern and held around 2.67 percent stake in the company.
Written by Santhosh S
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