Advait Infratech Ltd

Advait Infratech Ltd

₹ 2,150 4.79%
16 Jul - close price
About

Advait Infratech Ltd is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also it operates with various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products, etc [1]

Key Points

Products & Services
Manufactured Products: Aluminium Clad Steel Wires, Emergency Restoration System, Stringing tools, OPGW and Optical Fibre Cables.
Traded products: Insulators, Earthing Solutions, Towers, Bird Diverters, GIS substation, Carbon Core Conductors.
Services: Live Line OPGW Installation, trading end to end, Liaising, Marketing and Transportation, Optical Fibre and FOTE.
The company has expanded its product portfolio by manufacturing OPGW (Optical Fibre Ground Wire) and OFC Cables. [1]

Revenue Mix
Sale of goods: 76% in FY21 82% in FY20
Supply of Service: 24% in FY21 vs 18% in FY20 [2]

Clients
The clients of the co. are in Central and States Transmission Companies, major EPC companies of India and Overseas, Private Power/Transmission Utilities etc. [3]

JV
Advait Infratech Ltd has made a joint venture agreement with the Council of Scientific and Industrial Research (CSIR), New Delhi for the transfer of CSIR-SERC technology on the “Emergency Retrieval System”. [4]

Expansion
The co. was approved for setting up a new manufacturing plant for power transmission lines. The outlay of the project is approved for Rs. 2 crores and the start of production is expected from June 2021. [5]
The co. is also planning to set up a new factory for Stringing Tools, Joint Box and ERS Manufacturing and assembly utility, the plant will produce Tools, Joint Box Locally. [4]

Loan
Advait Infratech Ltd has executed a Loan Agreement in November 2021 with the State Bank of India for availing Fund Based & Non-Fund Based Credit Facility, the fund will be used for establishing a new plant for ACS. [6]

Listing of Equity shares in FY21
The Co came up with an initial public issue of 13.5 lac equity shares of Rs. 51 each aggregating to the total of Rs. 6.88 Cr and the shares of the company have been listed on the SME platform of BSE on 28th September 2020. [4]

  • Market Cap 2,195 Cr.
  • Current Price 2,150
  • High / Low 2,155 / 352
  • Stock P/E 100
  • Book Value 72.0
  • Dividend Yield 0.00 %
  • ROCE 37.9 %
  • ROE 37.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 57.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
  • Debtor days have improved from 126 to 75.3 days.

Cons

  • Stock is trading at 29.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Working capital days have increased from 37.1 days to 66.3 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
28.00 25.73 40.86 27.46 48.95 72.71 59.73
24.49 20.66 34.78 23.96 40.13 60.33 48.28
Operating Profit 3.51 5.07 6.08 3.50 8.82 12.38 11.45
OPM % 12.54% 19.70% 14.88% 12.75% 18.02% 17.03% 19.17%
0.42 0.00 0.58 0.36 0.39 0.75 1.38
Interest 0.63 0.80 1.00 1.17 1.43 2.17 2.16
Depreciation 0.86 0.53 0.92 0.57 0.62 0.67 0.78
Profit before tax 2.44 3.74 4.74 2.12 7.16 10.29 9.89
Tax % 30.33% 26.47% 25.95% 31.13% 23.18% 25.36% 26.90%
1.70 2.74 3.50 1.47 5.50 7.69 7.23
EPS in Rs 1.67 2.69 3.43 1.44 5.39 7.54 7.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 45 66 79 103 209
24 40 61 68 86 173
Operating Profit 4 4 5 10 17 36
OPM % 14% 10% 7% 13% 16% 17%
0 2 2 1 2 3
Interest 0 1 1 1 3 7
Depreciation 0 2 2 2 4 3
Profit before tax 4 3 4 9 12 29
Tax % 42% 79% -30% 40% 29% 26%
2 1 5 5 8 22
EPS in Rs 2.80 0.72 4.68 5.22 7.96 21.45
Dividend Payout % 0% 104% 11% 10% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 49%
3 Years: 47%
TTM: 103%
Compounded Profit Growth
10 Years: %
5 Years: 57%
3 Years: 70%
TTM: 168%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 318%
1 Year: 505%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 27%
Last Year: 38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 5 5 10 10
Reserves 15 16 25 30 33 63
6 10 8 9 15 59
20 22 28 37 57 67
Total Liabilities 44 52 65 81 115 199
19 18 15 15 29 42
CWIP 0 0 0 13 1 1
Investments 0 0 0 0 0 1
25 34 50 53 86 155
Total Assets 44 52 65 81 115 199

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 1 -0 12 12 -10
-12 -0 1 -14 -6 -8
9 1 5 -2 2 44
Net Cash Flow -0 2 6 -4 8 25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 185 99 113 135 167 75
Inventory Days 29 68 47 50 69 68
Days Payable 316 253 180 211 251 166
Cash Conversion Cycle -102 -86 -20 -25 -15 -22
Working Capital Days 40 19 42 21 24 66
ROCE % 13% 13% 24% 28% 38%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024Jul 2024
73.52% 73.52% 73.52% 73.52% 73.52% 73.53% 73.53% 73.53% 73.53% 69.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
26.48% 26.48% 26.48% 26.48% 26.48% 26.46% 26.48% 26.48% 26.48% 30.54%
No. of Shareholders 3681951792902995084,1656,32511,92616,925

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents