Advait Energy Transitions Ltd.

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

Market Cap₹ 2,256 Cr.

Current Price

High / Low₹ 2,485 / 1,351

Stock P/E38.4

Book Value₹ 268

Price to Book6.63

Dividend Yield0.10 %

ROCE28.2 %

ROE24.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Power Transimission Service: 63.1% • New & Renewable Energy: 36.9%

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 64.8% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 31.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Company has delivered good sales growth of 61.2% CAGR over last 5 years
Latest quarter profit grew 65.8% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years

CONS

Operating cash flow has been negative in recent years
Promoter holding has decreased over last 2 years: -6.7pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.23x)
Free cash flow has been persistently negative
Contingent liabilities are large at 130.4% of net worth
Total debt has risen sharply - up 84.6% 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	8250.00	43.40	124320.56	0.57	796.65	32.84	8209.73	39.01	34.93	13.84
2.	KEI	4570.00	43.83	43689.47	0.10	274.14	40.05	3185.34	22.97	20.23	12.43
3.	DHOOTTRANS	1727.35	89.08	35332.61	0.00	1326.70	—	14464.15	—	24.14	15.10
4.	RRKABEL	2424.55	45.13	27423.00	0.39	205.20	128.59	3168.20	53.90	28.43	9.01
5.	FINCABLES	1423.25	27.20	21767.09	0.63	249.04	53.14	2013.15	44.26	16.06	14.16
6.	PRECWIRE	463.20	499.77	8467.59	0.27	46.45	71.48	1779.24	61.20	33.09	4.76
7.	UNIVCABLES	1492.85	25.85	5179.50	0.30	70.14	-78.69	945.06	57.46	11.69	13.80
8.	LASERPOWER	290.15	26.87	4072.79	0.00	207.32	—	5215.47	—	24.84	12.62
9.	ADVAIT	2061.30	38.43	2255.68	0.10	14.80	65.77	179.27	51.37	28.24	13.36
10.	DYCL	455.40	24.20	2206.81	0.11	249.53	1270.52	3491.01	1232.27	26.80	10.89
11.	PARACABLES	64.84	34.81	2121.82	0.00	19.70	6.49	529.40	17.35	16.62	6.56
12.	QUADFUTURE	479.35	0.00	1917.40	0.00	-9.13	32.36	40.59	41.27	-7.01	-8.25

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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	49	73	60	60	46	98	193	118	157	211	228	179
	24	40	60	48	52	38	83	174	105	140	187	199	160
Operating Profit	4	9	12	11	8	9	15	19	14	17	24	29	19
OPM %	12.78%	18.02%	16.93%	19.17%	13.48%	18.43%	15.49%	9.97%	11.60%	11.04%	11.45%	12.62%	10.76%
	0	0	1	1	1	1	2	3	3	2	5	3	2
Interest	1	1	2	2	1	3	2	4	3	3	4	4	5
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	2	7	10	10	7	6	14	18	13	16	24	27	20
Tax %	30.66%	23.29%	25.17%	26.92%	25.00%	25.58%	26.20%	30.10%	24.40%	25.77%	23.64%	25.91%	26.35%
Net Profit	0	0	0	0	5	4	10	13	9	11	17	19	15
	1.44	5.39	7.55	7.09	5.24	3.83	9.67	10.65	7.73	9.74	15.19	16.15	12.70

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	29	43	28	45	66	79	104	209	398	715	775
	23	36	24	40	61	68	88	173	345	629	686
Operating Profit	6	7	4	5	5	11	17	36	52	85	90
OPM %	20.55%	16.19%	13.80%	10.33%	7.44%	13.36%	15.94%	17.32%	13.14%	11.93%	11.55%
	1	2	0	2	2	1	2	3	7	13	12
Interest	0	0	0	1	1	1	3	7	11	17	15
Depreciation	0	0	0	2	2	2	4	3	3	4	4
Profit before Tax	6	8	4	3	4	9	12	29	46	78	87
Tax %	34.38%	26.45%	36.86%	81.19%	-23.12%	39.61%	29.51%	25.74%	27.52%	25.42%	25.37%
Net Profit	4	6	2	1	5	5	8	22	33	58	65
EPS	4265.30	6243.40	6.64	1.44	10.77	8.29	13.16	21.45	28.58	47.27	—
Dividend Payout %	0.00%	0.00%	22.21%	0.00%	10.68%	9.59%	0.00%	6.99%	6.12%	4.23%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 61%
3 Years:: 90%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 61%
3 Years:: 83%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 25%
5 Years:: 24%
3 Years:: 29%
Last Year:: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Minority Interest	0	0	0	0	0	0	0	1	6	13
	10	16	15	16	27	32	36	63	186	267
	0	1	6	9	8	9	22	64	60	104
Trade Payables	7	12	15	20	24	31	43	48	157	210
	5	4	4	3	-1	2	5	11	58	63
Total Liabilities	23	33	44	52	63	79	116	199	478	667
	3	4	18	17	15	14	34	41	37	73
Capital Work in Progress	0	0	0	0	0	13	1	1	2	59
	1	5	1	1	1	1	0	1	89	31
	0	1	1	5	6	7	13	20	14	59
	0	0	0	0	0	0	0	43	187	148
Cash & Bank	6	7	7	9	14	10	18	44	90	116
	11	17	18	20	27	33	49	49	59	182
Total Assets	23	33	44	52	63	79	116	199	478	667

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	8	6	3	1	13	15	-9	46	-10
Cash from Investing	-1	-8	-13	-0	1	-14	-7	-8	-63	-33
Cash from Financing	3	4	9	1	5	-2	3	44	64	69
	5	0	-1	2	6	-4	8	26	46	25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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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