Advait Energy Transitions Limited
Advait Energy Transitions Limited (formerly known as, Advait Infratech Limited) established in 2009 and headquartered in Gujarat, is a global leader in end-to-end solutions for power trantmission, substations, and telecommunication infrastructure.
Advait's core capabilities include the manufacturing and supply of Stringing Tools, ACS Wires, OPGW Cables, ERS, Optical Fibre Cables, and a comprehensive range of insulators. The company has delivered complex EPC projects, including live-line OPGW installations, underground cabling, and integration of MVCC and HT AB cables, demonstrating its end-to-end project execution capabilities.
In 2023, Advait expanded into the renewable energy domain, undertaking projects in Green Hydrogen and Solar Power integration.
- Market Cap ₹ 1,782 Cr.
- Current Price ₹ 1,630
- High / Low ₹ 2,419 / 1,020
- Stock P/E 44.5
- Book Value ₹ 210
- Dividend Yield 0.11 %
- ROCE 26.9 %
- ROE 22.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 131% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%
Cons
- Stock is trading at 7.77 times its book value
- Promoter holding has decreased over last quarter: -0.64%
- Company has high debtors of 173 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Cables - Electricals
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 28 | 45 | 66 | 79 | 104 | 209 | 399 | 567 | |
| 24 | 40 | 61 | 68 | 88 | 173 | 347 | 502 | |
| Operating Profit | 4 | 4 | 5 | 10 | 17 | 36 | 52 | 65 |
| OPM % | 14% | 10% | 7% | 13% | 16% | 17% | 13% | 11% |
| 0 | 2 | 2 | 1 | 2 | 3 | 7 | 10 | |
| Interest | 0 | 1 | 1 | 1 | 3 | 7 | 11 | 11 |
| Depreciation | 0 | 2 | 2 | 2 | 4 | 3 | 3 | 3 |
| Profit before tax | 4 | 3 | 4 | 9 | 12 | 29 | 45 | 61 |
| Tax % | 42% | 79% | -30% | 40% | 29% | 26% | 28% | |
| 2 | 1 | 5 | 5 | 8 | 22 | 32 | 43 | |
| EPS in Rs | 2.80 | 0.72 | 4.68 | 5.22 | 8.27 | 21.45 | 28.60 | 36.93 |
| Dividend Payout % | 0% | 104% | 11% | 10% | 0% | 7% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 72% |
| TTM: | 138% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 131% |
| 3 Years: | 81% |
| TTM: | 62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 130% |
| 3 Years: | 72% |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 26% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 11 |
| Reserves | 15 | 16 | 25 | 30 | 36 | 63 | 192 | 218 |
| 6 | 10 | 8 | 9 | 15 | 59 | 72 | 62 | |
| 20 | 22 | 28 | 37 | 55 | 67 | 218 | 258 | |
| Total Liabilities | 44 | 52 | 65 | 81 | 116 | 199 | 492 | 549 |
| 19 | 18 | 15 | 15 | 35 | 42 | 50 | 40 | |
| CWIP | 0 | 0 | 0 | 13 | 1 | 1 | 2 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 86 | 23 |
| 25 | 34 | 50 | 53 | 80 | 155 | 355 | 484 | |
| Total Assets | 44 | 52 | 65 | 81 | 116 | 199 | 492 | 549 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 3 | 1 | -0 | 12 | 13 | -9 | 46 | |
| -12 | -0 | 1 | -14 | -7 | -8 | -94 | |
| 9 | 1 | 5 | -2 | 3 | 44 | 100 | |
| Net Cash Flow | -0 | 2 | 6 | -4 | 8 | 26 | 52 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 185 | 99 | 113 | 135 | 105 | 75 | 173 |
| Inventory Days | 29 | 68 | 47 | 50 | 91 | 68 | 26 |
| Days Payable | 316 | 253 | 180 | 211 | 298 | 166 | 276 |
| Cash Conversion Cycle | -102 | -86 | -20 | -25 | -102 | -22 | -77 |
| Working Capital Days | 40 | 3 | 32 | 21 | -34 | -23 | 5 |
| ROCE % | 13% | 13% | 24% | 28% | 37% | 27% |
Documents
Announcements
-
Intimation Of Malaysian Order Received For OPGW
29 Nov - Received RM1,17,50,000 (≈INR25.36 crore) OPGW installation order from Purnama Solution on Nov 28, 2025.
-
Intimation For Order Received From Power Grid Corporation Of India For 'Package ERS-1 For Procurement Of Emergency Restoration System (ERS) Suitable Upto 765Kv AC/± 800Kv"
29 Nov - Received Rs21,30,34,489.78 order from POWERGRID on Nov 28, 2025 for ERS; 18-month execution.
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
25 Nov - Allotment of ESOPs under Advait Infratech Limited Employee Stock Option Scheme - 2022
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 Nov - Q2/H1 FY2026 call: H1 revenue ₹275cr, order book >₹1,000cr, key orders ₹90cr and ₹100cr+, capex for manufacturing.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Nov - Investors meet with Sparx Asia Investment Advisors
Annual reports
Concalls
-
Nov 2025Transcript PPT REC
-
Aug 2025TranscriptAI SummaryPPT
-
Jun 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Feb 2025Transcript PPT REC
-
Dec 2024TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Sep 2024TranscriptAI SummaryPPT
-
Jun 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptAI SummaryPPT
-
Nov 2023TranscriptAI SummaryPPT
-
May 2023TranscriptAI SummaryPPT
Business Overview:[1]
AETL provides products and solutions for power transmission, substation, telecommunication infrastructure and Renewable Energy solutions. Also, company is providing EPC solution for live line projects reconductoring projects, upgrade in transmission network infra, GH2 solutions, and ground mountain solar solutions and battery energy systems solutions