Advait Infratech Ltd
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]
- Market Cap ₹ 1,620 Cr.
- Current Price ₹ 1,588
- High / Low ₹ 1,745 / 270
- Stock P/E
- Book Value ₹ 51.7
- Dividend Yield 0.00 %
- ROCE 28.1 %
- ROE 21.0 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 30.7 times its book value
- Company has high debtors of 167 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
Sector: Infrastructure Developers & Operators Industry: Construction
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 | |
|---|---|---|---|---|---|
| 28 | 45 | 66 | 79 | 103 | |
| 24 | 40 | 61 | 68 | 86 | |
| Operating Profit | 4 | 4 | 5 | 10 | 17 |
| OPM % | 14% | 10% | 7% | 13% | 16% |
| 0 | 2 | 2 | 1 | 2 | |
| Interest | 0 | 1 | 1 | 1 | 3 |
| Depreciation | 0 | 2 | 2 | 2 | 4 |
| Profit before tax | 4 | 3 | 4 | 9 | 12 |
| Tax % | 42% | 79% | -30% | 40% | 29% |
| 2 | 1 | 5 | 5 | 8 | |
| EPS in Rs | 2.80 | 0.72 | 4.68 | 5.22 | 7.96 |
| Dividend Payout % | 0% | 104% | 11% | 10% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 159% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 291% |
| 1 Year: | 399% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 5 | 5 | 10 | 10 |
| Reserves | 15 | 16 | 25 | 30 | 33 | 43 |
| 6 | 10 | 8 | 9 | 15 | 25 | |
| 20 | 22 | 28 | 37 | 57 | 53 | |
| Total Liabilities | 44 | 52 | 65 | 81 | 115 | 131 |
| 19 | 18 | 15 | 15 | 29 | 36 | |
| CWIP | 0 | 0 | 0 | 13 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 |
| 25 | 34 | 50 | 53 | 86 | 92 | |
| Total Assets | 44 | 52 | 65 | 81 | 115 | 131 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 3 | 1 | -0 | 12 | 12 | |
| -12 | -0 | 1 | -14 | -6 | |
| 9 | 1 | 5 | -2 | 2 | |
| Net Cash Flow | -0 | 2 | 6 | -4 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 185 | 99 | 113 | 135 | 167 |
| Inventory Days | 29 | 68 | 47 | 50 | 69 |
| Days Payable | 316 | 253 | 180 | 211 | 251 |
| Cash Conversion Cycle | -102 | -86 | -20 | -25 | -15 |
| Working Capital Days | 40 | 19 | 42 | 21 | 24 |
| ROCE % | 13% | 13% | 24% | 28% |
Documents
Announcements
- Submission Of PCS Certificate Under Regulation -40(10) Of SEBI (LODR), 2015 16 Apr
- Board Meeting Outcome for The Outcome Of The Meeting Of The Board Of Director Held On April 15, 2024, Under Regulation -30 Pf SEBI (LODR), 2015 15 Apr
- Announcement Under Regulation 30 Of SEBI (LODR) For The Successful Completion Of Project Execution And Successful Commissioning Of Micro-Grid System At THDCIL, Rishikesh, Uttarakhand 11 Apr
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
11 Apr - Of MOU between Advait Infratech Limited and TECO, 2030
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Apr
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]