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 ₹ 1,801 Cr.
- Current Price ₹ 1,642
- High / Low ₹ 2,419 / 1,020
- Stock P/E 45.0
- 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 7.83 times its book value
- Company has high debtors of 173 days.
- Promoter holding has decreased over last 3 years: -6.72%
* 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 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: | 128% |
| 3 Years: | 73% |
| 1 Year: | 22% |
| 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
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7h - Earnings call for Q3 & 9MFY26 scheduled Feb 12, 2026 at 12:00 PM IST.
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Intimation Of L1 Stage - Successful Bidder - Procurement Of Centre Tower Crane For Mechanized Erection Of Transmission Line Towers Under Vendor Development.
11h - L1 successful bidder for Centre Tower Crane procurement from PGCIL; order value ₹1,96,21,180 on Feb 6, 2026.
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Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For Quarter And Nine Months Ended December 31, 2025.
2d - Board meeting on Feb 11, 2026 to approve unaudited standalone and consolidated Q3 and nine-month results ending Dec 31, 2025.
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Intimation Of Order Received In Normal Course Of Business For Procurement Of Emergency Restoration System (ERS) Comprising Of 10 Towers Each (Suspension Towers - 6 Nos. & Angle Towers - 4 Nos.) For Various EHV PCC O&M Zones Of MSETCL Against E-Tender SP/T-0703/0125 (Rfx No. 5000001371) (4Th Call) From Maharashtra State Electricity Transmission Company Ltd., On February 3, 2026
2d - Received Rs19.99 crore ERS order (10 towers) from MSETCL on Feb 3, 2026; six-month execution.
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Intimation Of Order Bagged Under The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 - From Gujarat Energy Transmission Corporation Limited (GETCL)
17 Jan - Turnkey contract from GETCL dated Jan 16, 2026: Rs32.93 crore; convert five 66kV lines to HTLS; 9-month execution.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT REC
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Dec 2024TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Sep 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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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