Advait Energy Transitions Ltd.

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advaitgroup.co.in/BSE: 543230NSE: ADVAIT

Market Cap₹ 2,290 Cr.

Current Price

High / Low₹ 2,485 / 1,351

Stock P/E45.0

Book Value₹ 250

Price to Book7.06

Dividend Yield0.10 %

ROCE24.2 %

ROE20.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Power Transmission Service: 96.1% • New & Renewable Energy: 3.9%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 57.2% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 30.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
Company has delivered good sales growth of 50.4% CAGR over last 5 years
Latest quarter profit grew 57.7% YoY, showing strong momentum

CONS

Promoter holding has decreased over last 2 years: -6.7pp
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.48x)
Free cash flow has been persistently negative
Contingent liabilities are large at 132.8% of net worth
Total debt has risen sharply - up 87.6% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsCable

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	POLYCAB	8338.00	43.87	125646.65	0.56	796.65	32.84	8209.73	39.01	34.93	13.84
2.	KEI	4664.00	44.73	44588.12	0.10	274.14	40.05	3185.34	22.97	20.23	12.43
3.	DHOOTTRANS	1597.60	82.39	32678.60	0.00	1326.70	—	14464.15	—	24.14	15.10
4.	RRKABEL	2419.95	45.04	27370.97	0.39	205.20	128.59	3168.20	53.90	28.43	9.01
5.	FINCABLES	1352.55	25.85	20685.81	0.67	249.04	53.14	2013.15	44.26	16.06	14.16
6.	PRECWIRE	474.40	511.86	8672.33	0.26	46.45	71.48	1779.24	61.20	33.09	4.76
7.	UNIVCABLES	1540.35	26.68	5344.30	0.29	70.14	-78.69	945.06	57.46	11.69	13.80
8.	LASERPOWER	296.70	27.47	4164.73	0.00	207.32	—	5215.47	—	24.84	12.62
9.	ADVAIT	2093.05	39.02	2290.43	0.10	14.80	65.77	179.27	51.37	28.24	13.36
10.	DYCL	456.95	24.29	2214.32	0.11	249.53	1270.52	3491.01	1232.27	26.80	10.89
11.	PARACABLES	66.48	35.69	2175.49	0.00	19.70	6.49	529.40	17.35	16.62	6.56
12.	QUADFUTURE	440.75	0.00	1763.00	0.00	-9.13	32.36	40.59	41.27	-7.01	-8.25

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	27	48	73	60	58	48	94	95	73	95	125	154	129
	24	40	60	49	50	38	79	81	62	80	104	131	114
Operating Profit	3	8	12	11	8	9	15	14	12	15	21	23	15
OPM %	12.52%	16.88%	16.81%	18.36%	14.39%	19.77%	15.96%	14.69%	15.68%	15.95%	16.91%	14.95%	11.97%
	0	0	1	1	0	1	2	4	3	3	2	3	1
Interest	1	1	2	2	1	2	2	4	3	3	5	4	4
Depreciation	0	0	0	1	1	1	1	1	1	1	1	1	1
Profit before Tax	2	7	10	10	8	7	14	14	11	14	17	21	17
Tax %	30.66%	25.11%	25.10%	25.98%	23.59%	21.52%	26.38%	31.50%	24.22%	25.74%	26.95%	25.96%	25.49%
Net Profit	1	5	8	7	6	6	10	10	8	10	13	15	13
	1.44	4.89	7.58	7.01	5.72	5.31	9.80	9.10	7.40	9.43	11.45	14.10	11.54

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	29	43	28	40	58	72	103	207	295	448	504
	23	36	24	35	51	62	86	173	248	376	429
Operating Profit	6	7	4	6	7	10	17	35	48	72	75
OPM %	20.55%	16.40%	14.45%	13.89%	11.43%	13.42%	16.84%	16.68%	16.19%	16.06%	14.86%
	1	2	0	2	1	1	2	2	7	10	9
Interest	0	0	0	1	1	1	2	7	10	16	16
Depreciation	0	0	0	0	0	0	3	2	3	3	4
Profit before Tax	6	9	4	6	7	10	14	29	43	62	69
Tax %	34.38%	26.27%	23.39%	30.77%	28.90%	25.74%	26.11%	25.80%	26.75%	25.91%	26.05%
Net Profit	4	6	3	4	5	7	10	21	31	46	51
EPS	4265.30	6299.80	8.62	11.71	10.88	13.98	15.78	20.92	29.11	42.26	—
Dividend Payout %	0.00%	0.00%	17.39%	0.00%	10.57%	7.15%	0.00%	7.17%	6.01%	4.73%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 50%
3 Years:: 63%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 57%
3 Years:: 67%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 26%
5 Years:: 24%
3 Years:: 26%
Last Year:: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	0	4	4	5	5	10	10	11	11
	10	16	16	20	30	36	42	64	183	250
	0	1	1	1	0	6	19	42	58	103
Trade Payables	7	12	12	13	15	20	32	39	61	132
	5	4	4	2	1	3	4	10	54	85
Total Liabilities	23	33	37	41	51	71	106	165	367	581
	1	1	2	1	1	2	21	26	36	58
Capital Work in Progress	0	0	0	0	0	13	1	1	2	53
	3	11	12	12	12	12	11	12	78	64
	0	1	1	2	3	6	11	18	12	20
	0	0	0	0	0	0	0	40	78	131
Cash & Bank	6	5	6	8	12	9	18	22	89	110
	11	15	17	18	22	28	45	46	71	146
Total Assets	23	33	37	41	51	71	106	165	367	581

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	9	3	4	1	9	15	-8	50	6
Cash from Investing	1	-7	-0	0	1	-14	-7	-7	-73	-60
Cash from Financing	0	-0	0	-0	5	4	3	19	90	75
	5	-1	1	2	4	-3	8	4	67	21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.47	69.44	69.46	69.46	67.45	66.81	66.80	66.80	66.76
	0.01	0.01	0.00	0.00	0.00	0.00	0.02	0.21	0.68
	0.00	0.00	0.00	0.31	0.72	0.57	0.35	0.13	0.04
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.52	30.55	30.54	30.23	31.83	32.63	32.83	32.85	32.51

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-29

Copy of Newspaper Publication

2026-08-29 - Advait Energy Transitions Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-28

Shareholders meeting

2026-08-28 - Advait Energy Transitions Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026

2026-08-25

Bagging/Receiving of orders/contracts

2026-08-25 - Advait Energy Transitions Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Advait Energy Transitions Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Record Date

2026-08-20 - Advait Energy Transitions Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Sep-2026.

2026-08-20

General Updates

2026-08-20 - Advait Energy Transitions Limited has informed the Exchange about General Updates

2026-08-18

Bagging/Receiving of orders/contracts

2026-08-18 - Advait Energy Transitions Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-08-11

Bagging/Receiving of orders/contracts

2026-08-11 - Advait Energy Transitions Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-08-10

Investor Presentation

2026-08-10 - Advait Energy Transitions Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for ADVAIT

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