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 2.4 percent after the company received an order from Gujarat Energy Transmission Corporation (GETCO) for the Supply and Installation of HTLS Conductor.
Price Action
With a market capitalization of Rs. 1,640.29 Crores, the shares of Advait Energy Transitions Limited touched a day’s high of Rs. 1,564.85 per equity share, up 2.4 percent. The stock reiterated from the day’s high and was trading at Rs. 1,511.40 which is 1.04 percent down from its previous day’s close price of Rs. 1,527.25. The stock delivered a return of 79 percent and outperformed the Nifty Index in the past year.
What Happened
The company’s stock surged after receiving an order from Gujarat Energy Transmission Corporation Limited (GETCO) to supply, install, test, and commission of conversion of a line with a DOG conductor into an equivalent HLTS Conductor. This installation will be in Surendranagar Circle for 66KV Dhrangadhra (220KV) – Dhrangadhra Line and 66KV Viramgam – KANZ Line. The period for contract completion is scheduled for 6 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 while contributing 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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