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 ₹ 1,839 Cr.
- Current Price ₹ 1,681
- High / Low ₹ 2,419 / 1,020
- Stock P/E 45.4
- Book Value ₹ 212
- Dividend Yield 0.11 %
- ROCE 27.7 %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 50.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
- Company's median sales growth is 43.2% of last 10 years
Cons
- Stock is trading at 7.91 times its book value
- 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 39 | 11 | 11 | 29 | 43 | 28 | 40 | 58 | 72 | 103 | 207 | 295 | 389 | |
| 44 | 14 | 10 | 23 | 36 | 24 | 35 | 52 | 62 | 86 | 173 | 247 | 327 | |
| Operating Profit | -5 | -3 | 1 | 6 | 7 | 4 | 5 | 6 | 10 | 17 | 35 | 48 | 62 |
| OPM % | -13% | -31% | 12% | 21% | 16% | 15% | 13% | 11% | 13% | 17% | 17% | 16% | 16% |
| 9 | 5 | 1 | 1 | 2 | 0 | 2 | 1 | 1 | 2 | 2 | 7 | 11 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 7 | 10 | 14 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 3 | 3 |
| Profit before tax | 4 | 2 | 2 | 7 | 9 | 4 | 6 | 7 | 10 | 14 | 29 | 43 | 56 |
| Tax % | 32% | 32% | 32% | 33% | 26% | 27% | 27% | 27% | 26% | 26% | 26% | 27% | |
| 3 | 1 | 1 | 4 | 6 | 3 | 4 | 5 | 7 | 10 | 21 | 31 | 41 | |
| EPS in Rs | 3.80 | 5.85 | 4.73 | 6.99 | 9.80 | 20.91 | 29.10 | 37.22 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 11% | 7% | 0% | 7% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 49% |
| 3 Years: | 60% |
| TTM: | 50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 50% |
| 3 Years: | 65% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 129% |
| 3 Years: | 81% |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 24% |
| 3 Years: | 25% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 11 |
| Reserves | 4 | 5 | 6 | 10 | 17 | 16 | 20 | 30 | 36 | 42 | 64 | 189 | 221 |
| 0 | 2 | 0 | 1 | 1 | 1 | 2 | 0 | 6 | 13 | 38 | 70 | 62 | |
| 7 | 6 | 8 | 12 | 16 | 16 | 14 | 16 | 23 | 41 | 53 | 98 | 118 | |
| Total Liabilities | 11 | 12 | 14 | 23 | 33 | 37 | 41 | 51 | 71 | 106 | 165 | 367 | 412 |
| 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 21 | 27 | 37 | 37 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 1 | 1 | 2 | 1 |
| Investments | 1 | 1 | 4 | 9 | 15 | 11 | 11 | 11 | 11 | 11 | 12 | 78 | 69 |
| 10 | 10 | 9 | 12 | 16 | 23 | 28 | 38 | 44 | 73 | 125 | 250 | 306 | |
| Total Assets | 11 | 12 | 14 | 23 | 33 | 37 | 41 | 51 | 71 | 106 | 165 | 367 | 412 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | -1 | 7 | 12 | -8 | 50 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14 | -7 | -7 | -73 | |
| 0 | 0 | 0 | 0 | 0 | 0 | -0 | 5 | 4 | 3 | 18 | 90 | |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 | -3 | 8 | 4 | 67 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 160 | 73 | 104 | 98 | 133 | 93 | 115 | 129 | 99 | 70 | 97 |
| Inventory Days | 0 | 0 | 97 | 12 | 7 | 14 | 30 | 30 | 44 | 76 | 61 | 35 |
| Days Payable | 285 | 169 | 153 | 139 | 195 | 134 | 148 | 220 | 132 | 172 | ||
| Cash Conversion Cycle | 44 | 160 | -115 | -54 | -48 | 8 | -72 | 10 | 25 | -46 | -1 | -40 |
| Working Capital Days | 33 | 197 | 88 | 43 | 24 | 61 | 38 | 63 | 55 | -9 | 16 | 6 |
| ROCE % | 152% | 37% | 28% | 79% | 63% | 23% | 27% | 23% | 25% | 28% | 40% | 28% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 6m
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Feb - Audio of company’s Feb 12, 2026 post-results conference call for quarter and nine months ended Dec 31, 2025 posted.
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Intimation - Confirmation For L1 Stage - Successful Bidder - For 150 MW/ 300 Mwh From The Project Request For Setting Up Of Projects Of 335 MW / 670 Mwh Standalone Battery Energy Systems In Gujarat Under Tariff-Based Competitive Bidding With Viability Gap Funding Supported Through PSDF (Phase-VIII)
12 Feb - L1 confirmation for 150MW/300MWh battery project from GUVNL on Feb 11, 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 11 Feb
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Statement Of Deviation Or Variation In Utilization Of Funds Raised Under Regulation 32 Of SEBI (LODR) Regulation, 2015 For The Quarter And Nine Months Ended December 31, 2025.
11 Feb - Reg 32 filing: no deviation for quarter/nine months ended Dec 31, 2025; Rs82.30 crore raised.
Annual reports
Concalls
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Feb 2026Transcript PPT
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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