Vijay Kedia, through his firm Kedia Securities Pvt Ltd, acquired 100,000 shares at Rs 1,725 per share of Advait Energy Transitions Limited in an open market transaction, totalling Rs 17.25 crore.
Ashish Kacholia holds a significant stake of 2,88,185 shares, representing 2.67 per cent of the company. Kacholia's shares were obtained through a preferential issue at Rs 1,388 per share (with a face value of Rs 10), aggregating to Rs 40,00,00,780.
Advait Energy Transitions Limited, also known as Advait Infratech Ltd, provides products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also, it operates with various verticals such as turnkey telecommunication projects, installation of power transmission, telecom products, etc.
Regarding the financials, Advait Infratech has a market cap of over Rs 2,000 crore with a 3-year stock price CAGR of 150 per cent. The net sales increased by 225 per cent to Rs 195 crore and the net profit increased by 86 per cent to Rs 13 crore in Q4FY25 over Q4FY24. The net sales increased by 91 per cent to Rs 399 crore and the net profit increased by 45 per cent to Rs 32 crore in FY25 over FY24. The company has an order book of Rs 800 crore that includes L1 orders.
Advait was awarded a significant Turnkey Contract by Dakshin Gujarat Vij Co. Ltd. (DGVCL). Valued at Rs 49,99,91,894.00, this domestic project involves the supply, installation, testing, and commissioning of 11 KV 55 mm2 AAAC Medium Voltage Covered Conductors (MVCC) along with their necessary accessories. The contract, which is part of the Vanbandhu Kalyan Yojana (VKY-2) Scheme, will be executed within DGVCL's jurisdiction area over 15 months. It's important to note that DGVCL will be responsible for supplying the poles and their fabrications for this project.
The shares of Advait have an ROE of 22 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 555 per cent in just 2 years and a whopping 2,010 per cent in 3 years.