| Market Cap | ₹2,281.17 CrConsumer Durables |
|---|---|
| Revenue Growth | 78.92%Annual YoY |
| Execution Period | 12 MonthsProject Timeline |
| Order from | KPI GREEN ENERGY LIMITED |
| Execution period | 12 months |
| Deal value | ₹116 Cr |
| Share of market cap | 5.1% |
| Share of annual revenue | 15.0% |
Key highlights
- Subsidiary Advait Greenergy Private Limited bagged a domestic turnkey EPC contract valued at ₹116.00 crore
- The project involves a 200 MW Solar Ground Mounted facility utilizing HSAT 33 KV technology
- Scope of work includes design, supplies, services, testing, and commissioning at Bikaner, Rajasthan
- Contract awarded by KPI Green Energy Limited with a strict execution timeline of 12 months
- The order represents approximately 15% of Advait Energy’s trailing twelve-month revenue
What Is the Order?
Advait Energy Transitions Limited, through its material subsidiary Advait Greenergy Private Limited, has secured a significant turnkey EPC contract valued at ₹116 crore. The contract, awarded by KPI Green Energy Limited, involves the comprehensive development of a 200 MW Solar Ground Mounted HSAT 33 KV project located in Bikaner, Rajasthan. The scope of work is extensive, encompassing design, supplies, services, testing, and commissioning.
This domestic order must be executed within a 12-month timeframe. The project utilizes Horizontal Single Axis Tracker (HSAT) technology, which is designed to optimize solar energy capture by following the sun's trajectory throughout the day.
Client Profile
The contract was awarded by KPI Green Energy Limited, a prominent player in the Indian renewable energy sector. Based in Gujarat, KPI Green Energy specializes in solar power generation both as an Independent Power Producer (IPP) and through Engineering, Procurement, and Construction (EPC) services for Captive Power Producer (CPP) clients. The company has a robust track record of developing large-scale solar parks and industrial solar projects across India.
By partnering with Advait Energy's subsidiary for this 200 MW Bikaner project, KPI Green Energy continues to expand its renewable footprint while leveraging Advait's specialized technical capabilities in electrical infrastructure.
Business Impact
- Strengthens the order book of the material subsidiary, Advait Greenergy Private Limited, with a high-value domestic project.
- Demonstrates Advait's execution capabilities in large-scale utility solar projects involving Horizontal Single Axis Tracker (HSAT) technology.
- Provides clear revenue visibility for the next four quarters given the stipulated 12-month execution timeline.
- Enhances the company's credentials in the Rajasthan renewable energy corridor, a critical hub for India’s solar capacity expansion.
- Solidifies a strategic relationship with KPI Green Energy Limited, a major developer in the renewable energy space.
Financial Context
Advait Energy Transitions has exhibited strong financial momentum, with annual operating revenue growing by 78.92% and net profit increasing by 67.11% in the last fiscal year. The company currently holds a market capitalization of approximately ₹2,281 crore. On a trailing twelve-month (TTM) basis, revenue stands at ₹775.36 crore with a net profit of ₹58.69 crore.
While the stock has seen a 43% return over the past year, its current momentum score of 30.66 and a 'Falling Comet' classification reflect recent price cooling. This ₹116 crore order represents a substantial addition, reinforcing its growth trajectory in the green energy transition segment.
Industry Landscape
- India is targeting 500 GW of non-fossil fuel energy capacity by 2030, driving sustained demand for solar EPC services.
- Rajasthan remains a primary destination for solar investments due to high solar radiation levels and favorable government land policies.
- The shift toward HSAT technology highlights an industry trend focusing on improving the plant load factor and efficiency of solar installations.
- Input cost volatility in solar modules and components remains a key factor for EPC players managing fixed-price contracts.
| Share price | ₹2077 |
|---|---|
| Market capitalisation | ₹2,281.17 Cr |
| Revenue (annual) | ₹714.52 Cr |
| Net profit (annual) | ₹51.72 Cr |
| Revenue (latest quarter) | ₹179.27 Cr-21.44% vs previous quarter |
| Net profit (latest quarter) | ₹13.89 Cr-21.36% vs previous quarter |
| P/E (TTM) | 38.87×Sector 48.45× |
| Promoter holding | 66.52%-0.28% QoQ |
| FII holding | 0.68%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Advait Energy Transitions Limited announcing a new turnkey EPC contract from KPI Green Energy Limited. Market figures from a third-party data provider.
