During Monday’s trading session, the shares of a company operating in manufacturing and supply of power transmission products surged nearly 2.2 percent to Rs. 1,825 on BSE, after securing an order worth Rs. 6.7 crores from Jammu Region by Jammu Kashmir Power Transmission Corporation Limited (JKPTCL).
With a market cap of Rs. 1,901 crores, at 10:09 a.m., the shares of Advait Energy Transitions Limited were trading in the green at Rs. 1,800, up by nearly 0.8 percent, as against its previous closing price of Rs. 1,785.95.
What’s the news:
Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, received an order worth Rs. 6.7 crores from the Jammu Kashmir Power Transmission Corporation Limited (JKPTCL) for the Jammu Region. The order is to be fulfilled within 270 days from the date of issuance.
According to the latest regulatory filings with the BSE, the order is for the design, manufacturing, and testing of the manufacturer’s works and supply of Emergency Restoration Systems (ERS) for 220 KV Transmission Lines in the Jammu Region.
Previous Orders:
On 20th August, Advait Energy Transitions Limited secured an order valued at Rs. 20.3 crores from Dakshin Gujarat VIJ Company Limited (DGVCL) for the Southern Gujarat Region.
This turnkey contract encompasses the supply, installation, testing, and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) along with its accessories.
On 28th August, the company another significant order worth Rs. 296 crores for setting up manufacturing capacities of 200 MW of Alkaline Electrolysers in India.
This initiative was part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, facilitated by the Solar Energy Corporation of India Limited (SECI).
Financials:
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 117.5 percent, rising from Rs.27.5 crores in Q1 FY24 to Rs. 59.8 crores in Q1 FY25.
Likewise, during the same period, the company’s net profit increased from Rs. 1.5 crores to Rs. 5.4 crores, representing a growth of around 260 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 0.81.
Shareholding Pattern:
As per the latest shareholding pattern, the Promoters hold a 69.44 percent stake in the company, while Foreign Institutional Investors (FII) hold a 0.01 percent stake, and Retail Investors hold a 30.56 percent stake in Advait Energy Transitions.
As of September 2024 shareholding data available with the BSE, the ace investor Ashish Kacholia holds a 2.67 percent stake in the company.
Stock Performance:
The stock has delivered multibagger returns of nearly 371.4 percent in one year, while around 16 percent of positive returns in the last six months. So far in 2024, the shares of Advait Energy Transitions have given multibagger returns of about 192.8 percent.
About the company:
Advait Energy Transitions Limited, previously known as Advait Infratech Limited, operates in the manufacturing and supply of power transmission products.
The company’s offerings include stringing tools, OPGW (Optical Fiber Ground Wire), OFC cables, ACS (Aluminum Clad Steel Wire), ERS (Emergency Restoration Systems), and OPGW joint boxes, all designed for power transmission, substation, and telecommunications infrastructure.
Founded in 2009, the company also operates across multiple sectors, including the manufacturing and EPC of its products in the transmission and telecom industries, as well as in green energy.
Written by Shivani Singh
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