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 transmission, 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 ₹ 2,037 Cr.
- Current Price ₹ 1,860
- High / Low ₹ 2,486 / 1,321
- Stock P/E 35.3
- Book Value ₹ 264
- Dividend Yield 0.11 %
- ROCE 23.6 %
- ROE 19.6 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 56.4% CAGR over last 5 years
- Company's median sales growth is 43.8% of last 10 years
Cons
- Stock is trading at 7.04 times its book value
- Promoter holding has decreased over last 3 years: -6.81%
* 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 Electrical Equipment Other Electrical Equipment
Part of BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 11 | 29 | 43 | 28 | 40 | 58 | 72 | 103 | 207 | 295 | 448 | 578 | |
| Sales growth | -72% | +3% | +163% | +51% | -35% | +44% | +44% | +24% | +43% | +101% | +42% | +52% | +61% |
| 14 | 10 | 23 | 36 | 24 | 35 | 52 | 62 | 86 | 173 | 247 | 376 | 485 | |
| Operating Profit | -3 | 1 | 6 | 7 | 4 | 5 | 6 | 10 | 17 | 35 | 48 | 72 | 93 |
| OPM % | -31% | 12% | 21% | 16% | 15% | 13% | 11% | 13% | 17% | 17% | 16% | 16% | 16% |
| 5 | 1 | 1 | 2 | 0 | 2 | 1 | 1 | 2 | 2 | 7 | 10 | 7 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 7 | 10 | 16 | 19 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 3 | 3 | 4 |
| Profit before tax | 2 | 2 | 7 | 9 | 4 | 6 | 7 | 10 | 14 | 29 | 43 | 62 | 78 |
| Tax % | 32% | 32% | 33% | 26% | 27% | 27% | 27% | 26% | 26% | 26% | 27% | 26% | |
| 1 | 1 | 4 | 6 | 3 | 4 | 5 | 7 | 10 | 21 | 31 | 46 | 58 | |
| EPS in Rs | 3.80 | 5.85 | 4.73 | 6.99 | 9.80 | 20.91 | 29.10 | 42.26 | 52.69 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 13% | 11% | 7% | 0% | 7% | 6% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 50% |
| 3 Years: | 63% |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 44% |
| 5 Years: | 56% |
| 3 Years: | 65% |
| TTM: | 50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 112% |
| 3 Years: | 60% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 22% |
| 3 Years: | 23% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 11 | 11 |
| Reserves | 5 | 6 | 10 | 17 | 16 | 20 | 30 | 36 | 42 | 64 | 189 | 250 | 278 |
| 2 | 0 | 1 | 1 | 1 | 2 | 0 | 6 | 13 | 38 | 70 | 127 | 248 | |
| 6 | 8 | 12 | 16 | 16 | 14 | 16 | 23 | 41 | 53 | 98 | 192 | 280 | |
| Total Liabilities | 12 | 14 | 23 | 33 | 37 | 41 | 51 | 71 | 106 | 165 | 367 | 580 | 817 |
| 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 21 | 27 | 37 | 58 | 59 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 1 | 1 | 2 | 53 | 155 |
| Investments | 1 | 4 | 9 | 15 | 11 | 11 | 11 | 11 | 11 | 12 | 78 | 64 | 83 |
| 10 | 9 | 12 | 16 | 23 | 28 | 38 | 44 | 73 | 125 | 250 | 406 | 520 | |
| Total Assets | 12 | 14 | 23 | 33 | 37 | 41 | 51 | 71 | 106 | 165 | 367 | 580 | 817 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 2 | -1 | 7 | 12 | -8 | 50 | 6 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14 | -7 | -7 | -73 | -60 | |
| 0 | 0 | 0 | 0 | 0 | -0 | 5 | 4 | 3 | 18 | 90 | 75 | |
| Net Cash Flow | 0 | 0 | 0 | 0 | 1 | 2 | 4 | -3 | 8 | 4 | 67 | 21 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 1 | 2 | -1 | -7 | 5 | -15 | 36 | -70 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 0% | 0% | 0% | 0% | 6% | 70% | 16% | 90% | 86% | -5% | 124% | 26% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 160 | 73 | 104 | 98 | 133 | 93 | 115 | 129 | 99 | 70 | 97 | 107 |
| Inventory Days | 0 | 97 | 12 | 7 | 14 | 30 | 30 | 44 | 76 | 61 | 35 | 30 |
| Days Payable | 285 | 169 | 153 | 139 | 195 | 134 | 148 | 220 | 132 | 172 | 205 | |
| Cash Conversion Cycle | 160 | -115 | -54 | -48 | 8 | -72 | 10 | 25 | -46 | -1 | -40 | -68 |
| Working Capital Days | 197 | 88 | 43 | 24 | 61 | 38 | 63 | 55 | -9 | 16 | 6 | -27 |
| ROCE % | 37% | 28% | 79% | 63% | 23% | 27% | 23% | 25% | 28% | 40% | 28% | 24% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Unexecuted Order Book (UOB) INR Crore |
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| Countries of Presence count |
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| Customer Count count |
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| Stringing Tools Product Portfolio count |
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| Cumulative OPGW Live Line Installation km |
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| NRE Division share of Order Book % |
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| Solar EPC Project Pipeline (Awarded + Commissioned) MWp |
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| Completed Projects (Cumulative) count |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s)
- Advait won ₹69.53 crore DGVCL turnkey order for underground network conversion, executable in 24 months.
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Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s)
- Advait Energy wins ₹62.05 crore DGVCL turnkey underground cable conversion order; execution over 24 months.
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL reaffirmed A-/Stable and A2+ ratings; bank facilities enhanced to Rs. 675 crore from Rs. 405 crore.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
Business Segments:[1]
a) Power Transmission Solutions (63% in FY26 vs 74% in FY25):[2][3][4]
The company offers products like OPGW,
ACS wires, optical fibre cables, and emergency restoration systems, as well as EPC services for RDSS and HTLS re-conducting projects. It has delivered over 450 projects across 45+ countries and caters to transmission utilities, government DISCOMs, private EPC contractors, and industrial customers. It holds a 35% share in India’s Emergency Restoration Systems (ERS) market.