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 46.7
- Book Value ₹ 254
- Dividend Yield 0.08 %
- 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 8.69 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
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% | 4% |
| 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: | 82% |
| 1 Year: | 16% |
| 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 | 12 | -9 | 46 | -10 | |
| -12 | -0 | 1 | -14 | -6 | -8 | -94 | -33 | |
| 9 | 1 | 5 | -2 | 2 | 44 | 100 | 69 | |
| Net Cash Flow | -0 | 2 | 6 | -4 | 8 | 26 | 52 | 25 |
| Free Cash Flow | -9 | 1 | -0 | -3 | 6 | -18 | 32 | -119 |
| CFO/OP | 75% | 71% | 31% | 128% | 92% | -9% | 109% | 9% |
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 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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| Carbon Credits / I-RECs Portfolio Capacity MW |
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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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Extracted by Screener AI
Documents
Announcements
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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.
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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.
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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.
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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.
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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
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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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 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.