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 ₹ 2,416 Cr.
- Current Price ₹ 2,208
- High / Low ₹ 2,486 / 1,321
- Stock P/E 52.2
- Book Value ₹ 239
- Dividend Yield 0.08 %
- ROCE 24.7 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 57.1% CAGR over last 5 years
- Company's median sales growth is 43.8% of last 10 years
Cons
- Stock is trading at 9.25 times its book value
- Promoter holding has decreased over last 3 years: -6.73%
* 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 11 | 29 | 43 | 28 | 40 | 58 | 72 | 103 | 207 | 295 | 448 | |
| 14 | 10 | 23 | 36 | 24 | 35 | 52 | 62 | 86 | 173 | 247 | 377 | |
| Operating Profit | -3 | 1 | 6 | 7 | 4 | 5 | 6 | 10 | 17 | 35 | 48 | 71 |
| OPM % | -31% | 12% | 21% | 16% | 15% | 13% | 11% | 13% | 17% | 17% | 16% | 16% |
| 5 | 1 | 1 | 2 | 0 | 2 | 1 | 1 | 2 | 2 | 7 | 10 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 7 | 10 | 15 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 3 | 3 |
| Profit before tax | 2 | 2 | 7 | 9 | 4 | 6 | 7 | 10 | 14 | 29 | 43 | 62 |
| 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 | |
| EPS in Rs | 3.80 | 5.85 | 4.73 | 6.99 | 9.80 | 20.91 | 29.10 | 42.26 | ||||
| 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: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 57% |
| 3 Years: | 67% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 138% |
| 3 Years: | 82% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 23% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 11 |
| Reserves | 5 | 6 | 10 | 17 | 16 | 20 | 30 | 36 | 42 | 64 | 189 | 250 |
| 2 | 0 | 1 | 1 | 1 | 2 | 0 | 6 | 13 | 38 | 70 | 94 | |
| 6 | 8 | 12 | 16 | 16 | 14 | 16 | 23 | 41 | 53 | 98 | 225 | |
| Total Liabilities | 12 | 14 | 23 | 33 | 37 | 41 | 51 | 71 | 106 | 165 | 367 | 580 |
| 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 21 | 27 | 37 | 58 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 1 | 1 | 2 | 53 |
| Investments | 1 | 4 | 9 | 15 | 11 | 11 | 11 | 11 | 11 | 12 | 78 | 64 |
| 10 | 9 | 12 | 16 | 23 | 28 | 38 | 44 | 73 | 125 | 250 | 406 | |
| Total Assets | 12 | 14 | 23 | 33 | 37 | 41 | 51 | 71 | 106 | 165 | 367 | 580 |
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/OP | 0% | 0% | 0% | 0% | 6% | 70% | 16% | 90% | 86% | -5% | 124% | 27% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -22 |
| ROCE % | 37% | 28% | 79% | 63% | 23% | 27% | 23% | 25% | 28% | 40% | 28% | 25% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Unexecuted Order Book (UOB) INR Crore |
|
|||||
| Countries of Presence count |
||||||
| Customer Count count |
||||||
| Stringing Tools Product Portfolio count |
||||||
| Carbon Credits / I-RECs Portfolio Capacity MW |
||||||
| Cumulative OPGW Live Line Installation km |
||||||
| NRE Division share of Order Book % |
||||||
| Solar EPC Project Pipeline (Awarded + Commissioned) MWp |
||||||
Extracted by Screener AI
Documents
Announcements
-
Intimation - Report Under Regulation 10(7) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 ('SEBI SAST Regulations') - Acquisition Of Equity Shares Pursuant To Interse Promoter Transfer As Gift
1d - Shalin Sheth received 10,00,000 shares from Rejal Sheth on June 16, 2026; promoter holding unchanged.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Advait Energy won ₹58.25 crore PGVCL turnkey underground cable contract, executable in 18 months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Advait won Rs. 52.57 crore PGVCL turnkey underground cable network order, executable in 18 months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Advait won ₹64.2 crore PGVCL turnkey underground cable order at Mandvi-city, executable in 18 months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Advait Energy Transitions won ₹75.56 crore PGVCL turnkey underground cable contract, executable in 18 months.
Annual reports
Concalls
-
Jun 2026Transcript PPT REC
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Aug 2025TranscriptAI SummaryPPT
-
Jun 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Feb 2025Transcript PPT REC
-
Dec 2024TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Sep 2024TranscriptAI SummaryPPT
-
Jun 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptAI SummaryPPT
-
Nov 2023TranscriptAI SummaryPPT
-
May 2023TranscriptAI SummaryPPT
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.