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 ₹ 1,739 Cr.
- Current Price ₹ 1,590
- High / Low ₹ 2,419 / 1,020
- Stock P/E 43.0
- 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 43.3% of last 10 years
Cons
- Stock is trading at 7.63 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: | 126% |
| 3 Years: | 83% |
| 1 Year: | 31% |
| 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% |
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 |
||||||
| OPGW Cables Manufacturing Capacity KM per annum |
||||||
| Solar EPC Project Pipeline/Execution MW |
||||||
| Verified Carbon Credits Managed Million |
||||||
| Green Hydrogen Electrolyser Manufacturing Capacity (Planned/Under Development) MW |
||||||
| Number of Shareholders Count |
||||||
| Target Market Share in India ERS Market % |
||||||
Documents
Announcements
-
Rumour verification - Regulation 30(11)
16h - Clarifies Dec 19, 2025 DGVCL order; no new order March 5–6; HEC had 5% participation.
-
Clarification sought from Advait Energy Transitions Ltd
6 Mar - Exchange has sought clarification from Advait Energy Transitions Ltd on March 6, 2026, with reference to news appeared in https://www.thehindubusinessline.com dated March 6, 2026 quoting …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Virtual investor/analyst meeting on March 10, 2026 at Bharat Connect Conference.
-
Announcement under Regulation 30 (LODR)-Allotment
4 Mar - Allotted 5,630 shares at ₹1,776 each; forfeited amounts on 5,630 unexercised warrants (03-Mar-2026).
-
Announcement under Regulation 30 (LODR)-Credit Rating
3 Mar - CRISIL upgraded long-term to A-/Stable, short-term A2+; facilities rated Rs405 crore (effective Mar 2, 2026).
Annual reports
Concalls
-
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