Ashish Kacholia-Backed Advait Energy Transitions Surges 9% After Winning MVCC Project Bid
Stock Soars on Bid Confirmation
Ashish Kacholia : Energy Transitions Limited, a key player in EPC solutions for green hydrogen projects, witnessed a significant stock rally of 9.94% during Thursday’s trading session on the Bombay Stock Exchange (BSE). The surge came after the company emerged as the L1 bidder for a crucial turnkey project under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme.
The stock closed at ₹1,278, reflecting an increase of nearly 9.4% from its previous close of ₹1,168.75. Despite posting negative returns of 2% over the past year, the stock has delivered an impressive 14.5% gain in the past month.
Breakdown of the MVCC Project
According to regulatory filings, Advait Energy Transitions Limited has been awarded the L1 bid for a high-value contract under VKY-2. The project involves:
- Scope: Supply, installation, testing, and commissioning of an 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC).
- Poles & Accessories: Supplied by Dakshin Gujarat Vij Company Limited (DGVCL).
- Coverage: 580 CMK within DGVCL’s jurisdiction.
- Completion Timeline: Expected to be completed within 15 months.
This development marks a significant win for the company, reinforcing its position in the energy infrastructure sector.
Advait Energy’s Recent Achievements
The L1 bidder confirmation follows a series of major project wins by the company:
🔹 March 25, 2025: Secured a bid confirmation for PACKAGE OPGW-04, involving the supply and installation of Optical Ground Wire (OPGW) and communication equipment for Power Grid Corporation of India Limited.
🔹 March 28, 2025: Won a contract from Adani Green Energy Six Limited for a 100 MWac Solar EPC project at the Khavda Hybrid Renewable Power Project in Gujarat. The project scope includes:
- Civil works: Pile foundation, stub installation.
- Electrical works: Module mounting structures, robotic cleaning system.
- Expected completion: Within 3.5 months.
These contract wins highlight Advait Energy’s growing influence in India’s renewable energy and power transmission sectors.
Financial Performance & Key Metrics
Advait Energy Transitions has reported robust financial growth, with notable improvements across major performance indicators:
| Metric | Q3 FY24 | Q3 FY25 | YoY Growth |
|---|---|---|---|
| Revenue | ₹72.7 Cr | ₹98.4 Cr | +35.4% |
| Net Profit | ₹7.7 Cr | ₹9.8 Cr | +27.3% |
Key Financial Ratios
| Metric | Value |
|---|---|
| Market Cap | ₹1,365 Cr |
| Current Price | ₹1,264 |
| Stock P/E | 47.1 |
| Book Value | ₹163 |
| ROCE (Return on Capital Employed) | 39.6% |
| ROE (Return on Equity) | 33.6% |
| Debt-to-Equity Ratio | 0.24 |
| Dividend Yield | 0.12% |
| Price-to-Book Ratio | 7.76 |
| EPS (Earnings Per Share) | ₹27.5 |
The company maintains healthy profitability metrics with strong ROE and ROCE, indicating efficient capital utilization. The low debt-to-equity ratio (0.24) further showcases its financial stability.
Shareholding Pattern
As of December 2024, Advait Energy Transitions’ ownership structure is as follows:
- Promoters: 69.46%
- Retail Investors: 30.55%
- Ashish Kacholia’s Stake: 2.67%
Ace investor Ashish Kacholia‘s stake reflects strong confidence in the company’s growth trajectory and future potential.
About Advait Energy Transitions
Advait Energy Transitions Limited, previously known as Advait Infratech Limited, was incorporated in 2010 and specializes in Engineering, Procurement, and Commissioning (EPC) solutions for:
- Green hydrogen projects
- Transformers and rectifiers
- PLC SCADA systems, HMI, and LT panels
- Renewable energy infrastructure
With a focus on innovation and sustainability, Advait Energy continues to expand its footprint in India’s clean energy sector.
Q&A Section: Quick Insights into Advait Energy’s Growth
1. Why did Advait Energy’s stock jump by 9%?
The stock surged after the company emerged as the L1 bidder for an MVCC project under VKY-2, securing a major contract win.
2. What is the scope of the awarded MVCC project?
The project involves the supply, installation, testing, and commissioning of an 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) within DGVCL’s jurisdiction.
3. How has Advait Energy performed financially in Q3 FY25?
The company reported a 35.4% increase in revenue to ₹98.4 Cr and a 27.3% rise in net profit to ₹9.8 Cr compared to the previous year.
4. What are Advait Energy’s key financial strengths?
- Strong ROE of 33.6% and ROCE of 39.6%
- Low debt-to-equity ratio of 0.24, indicating financial stability
- Consistent project wins in renewable energy and power transmission
5. Does ace investor Ashish Kacholia hold a stake in Advait Energy?
Yes, Ashish Kacholia owns 2.67% of the company, showcasing his confidence in its future potential.
6. What recent contracts has Advait Energy secured?
- March 25: Won an OPGW project for Power Grid Corporation of India
- March 28: Secured a 100 MWac Solar EPC project from Adani Green Energy
Final Thoughts
With consistent project wins, strong financials, and backing from prominent investors, Advait Energy Transitions Limited is well-positioned for long-term growth in the renewable energy sector. As the company expands its presence, investors should keep a close watch on its future developments.
Would you consider investing in Advait Energy Transitions Limited? Share your thoughts below! 🚀
For more market insights, follow our news.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like MoneyControl, ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.