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 ₹ 2,354 Cr.
- Current Price ₹ 2,175
- High / Low ₹ 2,419 / 1,020
- Stock P/E 76.1
- Book Value ₹ 187
- Dividend Yield 0.07 %
- ROCE 27.6 %
- ROE 22.4 %
- 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 11.6 times its book value
- Promoter holding has decreased over last quarter: -2.01%
- Company has high debtors of 173 days.
- Working capital days have increased from 3.40 days to 65.3 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 | |
|---|---|---|---|---|---|---|---|
| 28 | 45 | 66 | 79 | 104 | 209 | 399 | |
| 24 | 40 | 61 | 68 | 88 | 173 | 349 | |
| Operating Profit | 4 | 4 | 5 | 10 | 17 | 36 | 51 |
| OPM % | 14% | 10% | 7% | 13% | 16% | 17% | 13% |
| 0 | 2 | 2 | 1 | 2 | 3 | 7 | |
| Interest | 0 | 1 | 1 | 1 | 3 | 7 | 10 |
| Depreciation | 0 | 2 | 2 | 2 | 4 | 3 | 3 |
| Profit before tax | 4 | 3 | 4 | 9 | 12 | 29 | 45 |
| Tax % | 42% | 79% | -30% | 40% | 29% | 26% | 28% |
| 2 | 1 | 5 | 5 | 8 | 22 | 32 | |
| EPS in Rs | 2.80 | 0.72 | 4.68 | 5.22 | 8.27 | 21.45 | 28.60 |
| Dividend Payout % | 0% | 104% | 11% | 10% | 0% | 7% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 72% |
| TTM: | 91% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 131% |
| 3 Years: | 81% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 179% |
| 1 Year: | 10% |
| 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 | 53 | |
| 20 | 22 | 28 | 37 | 55 | 67 | 237 | |
| 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 | 20 |
| 25 | 34 | 50 | 53 | 80 | 155 | 421 | |
| 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 | -10 | 46 | |
| -12 | -0 | 1 | -14 | -7 | -8 | -94 | |
| 9 | 1 | 5 | -2 | 3 | 44 | 100 | |
| Net Cash Flow | -0 | 2 | 6 | -4 | 8 | 25 | 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 | -21 | 65 |
| ROCE % | 13% | 13% | 24% | 28% | 37% | 28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
24h - Statutory auditor of material subsidiary resigned due to increased compliance scope, effective July 31, 2025.
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Announcement under Regulation 30 (LODR)-Resignation of Director
2d - Non-Executive Director Pramod Kumar Rai resigned effective July 29, 2025, company acknowledged contributions.
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Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company For Quarter Ended June 30, 2025
29 Jul - Board meeting on Aug 5 to approve Q1 June 30, 2025 financial results; trading window closure noted.
-
Announcement under Regulation 30 (LODR)-Allotment
10 Jul - Allotment of 1,04,031 equity shares at Rs.1776 each on conversion of warrants to 16 non-promoters.
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Closure of Trading Window
30 Jun - Trading window closed from July 1, 2025 until 48 hours post Q1 financial results release.
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