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 ₹ 2,228 Cr.
- Current Price ₹ 2,036
- High / Low ₹ 2,419 / 1,321
- Stock P/E 43.1
- Book Value ₹ 254
- Dividend Yield 0.09 %
- ROCE 27.9 %
- ROE 21.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 63.2% CAGR over last 5 years
- Debtor days have improved from 108 to 75.5 days.
Cons
- Stock is trading at 8.01 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 Industrial Products Cables - Electricals
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 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 28 | 45 | 66 | 79 | 104 | 209 | 399 | 715 | |
| 24 | 40 | 61 | 68 | 88 | 173 | 347 | 631 | |
| Operating Profit | 4 | 4 | 5 | 10 | 17 | 36 | 52 | 84 |
| OPM % | 14% | 10% | 7% | 13% | 16% | 17% | 13% | 12% |
| 0 | 2 | 2 | 1 | 2 | 3 | 7 | 13 | |
| Interest | 0 | 1 | 1 | 1 | 3 | 7 | 11 | 15 |
| Depreciation | 0 | 2 | 2 | 2 | 4 | 3 | 3 | 4 |
| Profit before tax | 4 | 3 | 4 | 9 | 12 | 29 | 45 | 78 |
| Tax % | 42% | 79% | -30% | 40% | 29% | 26% | 28% | 25% |
| 2 | 1 | 5 | 5 | 8 | 22 | 32 | 55 | |
| EPS in Rs | 2.80 | 0.72 | 4.68 | 5.22 | 8.27 | 21.45 | 28.60 | 47.26 |
| Dividend Payout % | 0% | 104% | 11% | 10% | 0% | 7% | 6% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 90% |
| TTM: | 79% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 83% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 138% |
| 3 Years: | 89% |
| 1 Year: | 28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 24% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 11 |
| Reserves | 15 | 16 | 25 | 30 | 36 | 63 | 192 | 267 |
| 6 | 10 | 8 | 9 | 15 | 59 | 72 | 95 | |
| 20 | 22 | 28 | 37 | 55 | 67 | 218 | 294 | |
| Total Liabilities | 44 | 52 | 65 | 81 | 116 | 199 | 492 | 667 |
| 19 | 18 | 15 | 15 | 35 | 42 | 50 | 85 | |
| CWIP | 0 | 0 | 0 | 13 | 1 | 1 | 2 | 59 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 86 | 24 |
| 25 | 34 | 50 | 53 | 80 | 155 | 355 | 499 | |
| Total Assets | 44 | 52 | 65 | 81 | 116 | 199 | 492 | 667 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 3 | 1 | -0 | 12 | 13 | -9 | 46 | ||
| -12 | -0 | 1 | -14 | -7 | -8 | -94 | ||
| 9 | 1 | 5 | -2 | 3 | 44 | 100 | ||
| Net Cash Flow | -0 | 2 | 6 | -4 | 8 | 26 | 52 | |
| Free Cash Flow | -9 | 1 | -0 | -3 | 5 | -18 | 32 | |
| CFO/OP | 75% | 71% | 31% | 128% | 91% | -9% | 109% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 185 | 99 | 113 | 135 | 105 | 75 | 173 | 76 |
| Inventory Days | 29 | 68 | 47 | 50 | 91 | 68 | 26 | 54 |
| Days Payable | 316 | 253 | 180 | 211 | 298 | 166 | 276 | 192 |
| Cash Conversion Cycle | -102 | -86 | -20 | -25 | -102 | -22 | -77 | -62 |
| Working Capital Days | 40 | 3 | 32 | 21 | -34 | -23 | 5 | -5 |
| ROCE % | 13% | 13% | 24% | 28% | 37% | 27% | 28% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Order Book INR Crore |
|
|||||
| ACS Wires Manufacturing Capacity MT per annum ・Standalone data |
||||||
| OPGW Cables Manufacturing Capacity KM per annum ・Standalone data |
||||||
| Solar EPC Project Pipeline/Execution MW |
||||||
| Verified Carbon Credits Managed Million |
||||||
| Green Hydrogen Electrolyser Manufacturing Capacity (Planned/Under Development) MW |
||||||
| Number of Shareholders Count ・Standalone data |
||||||
| Target Market Share in India ERS Market % |
||||||
Extracted by Screener AI
Documents
Announcements
-
Clarification
1d - Clarifies FY26 audited standalone and consolidated results filed May 27, 2026 have unmodified auditor opinion.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Annual Secretarial Compliance Report for FY2026 filed; no compliance deviations noted.
-
Announcement under Regulation 30 (LODR)-Acquisition
27 May - Advait Energy Transitions incorporated Advait BESS Bhesaan Private Limited on May 27, 2026, taking 51% stake.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
27 May - Investors Presentation for quarter and financial year ended March 31, 2026
-
Statement Of Deviation Or Variation In Utilization Of Funds Raised Under Regulation 32 Of SEBI (LODR) Regulation, 2015 For The Quarter And Financial Year Ended March 31, 2026.
27 May - FY26 deviation statement: no deviation; funds raised ₹82.31 crore, warrant conversions completed, two warrants forfeited on Mar 4, 2026.
Annual reports
Concalls
-
May 2026TranscriptAI SummaryPPT
-
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 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