The share price of this small-cap firm engaged in the business of providing products and solutions for power transmission hit 5 percent upper circuit to an intraday high of Rs 2,257.90 per share on Thursday after receiving a work order worth Rs 35.07 crores from Power Grid Corporation of India Limited.
Share price movement: With a market capitalization of Rs 2,304.79 crores, the shares of Advait Infratech Limited hit 5 percent upper circuit trading at an all-time 52-week high of Rs 2,257.90 apiece on Thursday’s morning market hours. The shares of this company generated both multi-bagger returns of 535 percent over the past year and 127 percent over the past 6 months.
What happened: According to Advait Infratech Limited stock exchange filings, the firm has received a work order worth Rs 35.07 crores for EPC work of Live line installation from Power Grid Corporation of India Limited in the region of Ladakh and has to be completed within a time period of 24 months.
Financials: Reviewing the financials of Advait Infratech Limited on a year-on-year basis, the revenues rose by 103 percent from Rs 103 crores in FY23 to Rs 209 crores in FY24. In the same time frame, the net profits increased from Rs 8 crores to Rs 22 crores, demonstrating a tremendous 175 percent increase.
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Ratios and EPS: In terms of return ratios for the year 2024, Advait Infratech Limited has reported a return on equity (ROE) of 29.79 percent and a return on capital employed (ROCE) of 39.09 percent. The EPS of Advait Limited rose by 75 percent from Rs 12.67 In March 2023 to Rs 21.45 in March 2024.
Partnership: Advait Infratech Limited has partnered with a company named Guofu through a Transfer of technology (TOT) and this partnership has managed to produce hydrogen with a very high purity of 99.99 percent. This technology makes the production of green hydrogen more efficient and sustainable, helping Advait Limited become a significant player in the hydrogen industry.
Ace Investor Holdings: As of July 2024’s shareholding pattern, Ace Investor Ashish Kacholia currently holds a 2.67 percent stake in Advait Infratech Limited.
Shareholding Pattern: As of July 2024, Advait Infratech Limited’s shareholding pattern stood at 69.44 percent for promoters, 30.54 percent for the public, and 0.01 percent for foreign institutional investors.
About the Company: Incorporated in the year 2010, Advait Infratech Limited is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields.
Written By Zahal
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