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 ₹ 1,961 Cr.
- Current Price ₹ 1,794
- High / Low ₹ 2,419 / 1,020
- Stock P/E 57.9
- Book Value ₹ 187
- Dividend Yield 0.10 %
- 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 9.59 times its book value
- Promoter holding has decreased over last quarter: -2.01%
- 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 | 456 | |
| 24 | 40 | 61 | 68 | 88 | 173 | 347 | 400 | |
| Operating Profit | 4 | 4 | 5 | 10 | 17 | 36 | 52 | 56 |
| OPM % | 14% | 10% | 7% | 13% | 16% | 17% | 13% | 12% |
| 0 | 2 | 2 | 1 | 2 | 3 | 7 | 9 | |
| Interest | 0 | 1 | 1 | 1 | 3 | 7 | 11 | 12 |
| Depreciation | 0 | 2 | 2 | 2 | 4 | 3 | 3 | 3 |
| Profit before tax | 4 | 3 | 4 | 9 | 12 | 29 | 45 | 50 |
| Tax % | 42% | 79% | -30% | 40% | 29% | 26% | 28% | |
| 2 | 1 | 5 | 5 | 8 | 22 | 32 | 36 | |
| EPS in Rs | 2.80 | 0.72 | 4.68 | 5.22 | 8.27 | 21.45 | 28.60 | 31.31 |
| Dividend Payout % | 0% | 104% | 11% | 10% | 0% | 7% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 72% |
| TTM: | 89% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 131% |
| 3 Years: | 81% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 93% |
| 1 Year: | -4% |
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 5 | 5 | 10 | 10 | 11 |
| Reserves | 15 | 16 | 25 | 30 | 36 | 63 | 192 |
| 6 | 10 | 8 | 9 | 15 | 59 | 72 | |
| 20 | 22 | 28 | 37 | 55 | 67 | 218 | |
| Total Liabilities | 44 | 52 | 65 | 81 | 116 | 199 | 492 |
| 19 | 18 | 15 | 15 | 35 | 42 | 50 | |
| CWIP | 0 | 0 | 0 | 13 | 1 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 86 |
| 25 | 34 | 50 | 53 | 80 | 155 | 355 | |
| Total Assets | 44 | 52 | 65 | 81 | 116 | 199 | 492 |
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
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Corporate Action-Board to consider Dividend
2d - Record date Sep 12, 2025 for final dividend Rs1.75/share (17.50%) for FY2024-25.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
6 Sep - Advait Greenergy appoints M/s Y K Shah & Associates as statutory auditors for FY2025-26 to 2029-30, subject to shareholder approval.
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Intimation Of Order Bagged Under The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015.
2 Sep - Rs.71.70 crore MVCC turnkey order from PGVCL on Sep 1, 2025; 12-month execution
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Intimation Of Order Bagged Under The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015.
2 Sep - Rs.80.55 crore MVCC turnkey contract from PGVCL for Bhavnagar Circle; 12-month completion, awarded Sept 1, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Aug - Newspaper Publication for Notice of 15th Annual General Meeting, Record Date for Dividend and Information for E-voting and other related information
Annual reports
Concalls
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Aug 2025TranscriptNotesPPT
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Jun 2025TranscriptNotesPPT
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Dec 2024TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Sep 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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