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NSE:ADVAIT

ADVAIT ENRGY TRANSITION L

Capital Goods › Electrical Equipment
₹1,688.00
at close · 28 Oct 2026
▲ 13.00 (+0.78%)
ThemesBatteries & Energy Storage· growingGreen Hydrogen· growingSolar Energy· growing

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Advait schedules Q2 and H1 FY26 earnings call for November 2, 2026 · Board & Shareholder Meetings
  2. Board to approve September 2026 quarterly and half-year results · Results
  3. Haryana regulator grants electricity licence to consortium · Business Updates
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Executes turnkey electrical infrastructure contracts for state-owned power distribution utilities, with the Power Transitions Division (PTS) contributing 96.1% of segment revenue. PTS takes on work to convert existing 11 kV HT and LT overhead line networks into underground cable networks with ring main systems, primarily for Gujarat state DISCOMs. Recent orders include five turnkey contracts from PGVCL and DGVCL individually worth ₹75.56 crore, ₹64.20 crore, ₹58.25 crore, ₹52.58 crore and ₹51.62 crore, covering Porbandar, Bhuj, Bhavnagar, Ranavav and other subdivisions under the state's System Improvement and Vanbandhu Kalyan Yojana-2 schemes. Scope covers survey, design, supply, installation, testing, commissioning and GIS mapping, with execution timelines of 15 to 18 months. The New & Renewable Energy Business (NRE) accounts for 3.9% of segment revenue. Materials are the dominant input cost at 61.0% of FY26 revenue, with capex at 15.8% of revenue.

Revenue mix · reported segments
Power Transitions Division (PTS)96.1%
New & Renewable Energy Business (NRE)3.9%
Operating scale
Largest recent turnkey order
₹75.56 croreFY27
Typical contract execution period
18 monthsFY27
Materials share of revenue
61.0%FY26
Capex share of revenue
15.8%FY26
PTS share of segment revenue
96.1%FY26
FY26 segment revenue (PTS)
₹430.04 croreFY26
Who pays it
Gujarat state power distribution utilities (PGVCL, DGVCL) under government system improvement and tribal welfare schemes
Biggest cost
Materials at 61.0% of revenue
Kind of business
Order-driven turnkey electrical infrastructure contractor with concentrated Gujarat DISCOM exposure
Where it sits
Active bidder for Gujarat state power distribution undergrounding and system improvement contracts
Market Cap
₹1,847 Cr
P / E (TTM)
31.4×
EV / EBITDA
17.9×
Div Yield
0.10%
Growth
61.2%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
25.7%▲
ROCE (5y median)
ROE 18.9% · margin 13.5%
Leverage
0.31·
Debt / Equity · low
Net debt ₹65 Cr
Revenue FY21→FY26
10.9×▲
Revenue change
₹66 Cr → ₹715 Cr
Cash conversion
0.24×▼
Operating cash ÷ profit · 3 yrs
₹26 Cr on ₹109 Cr
Moves on a normal day
2.10%·
Median daily move
Last 189 sessions · the yardstick for filing-day moves
Where it sits among 56 Other Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#34/52
P/B#39/49
ROCE#14/55
ROE#15/50
Debt / Equity#28/50
EBITDA margin#22/51
Revenue growth#13/46
Profit growth#18/45

Scorecard

Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Revenue compounding 61% a year over 5 years
Returns on capital 25.7% (5-year median)
#14 of 55 in Other Electrical Equipment on the latest reported figures · up from 13.5% in FY21
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Over 3 years it reported ₹109 Cr of profit and ₹26 Cr of operating cash — 0.24×
Less than 60p of every ₹1 of profit arrived as cash

Charts

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ADVAIT ENRGY TRANSITION L's filed financials and exchange disclosures

What does ADVAIT ENRGY TRANSITION L do?

ADVAIT ENRGY TRANSITION L is a Electrical Equipment company listed on NSE and BSE, trading under the symbol ADVAIT.

Is ADVAIT ENRGY TRANSITION L profitable?

Yes. Over the trailing twelve months ADVAIT ENRGY TRANSITION L reported a net profit of ₹62 Cr on revenue of ₹775 Cr.

Does ADVAIT ENRGY TRANSITION L pay a dividend?

Yes. The dividend yield is 0.10% at the current price. It paid out 4% of its profit as dividend in FY26.

Is ADVAIT ENRGY TRANSITION L debt-free?

No. It reported borrowings of ₹89 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹65 Cr after cash. Debt stands at 0.31× equity. That is higher than 55% of its 50 Other Electrical Equipment peers.

Is ADVAIT ENRGY TRANSITION L expensive compared with its peers?

On trailing P/E, ADVAIT ENRGY TRANSITION L ranks 34 of 52 in Other Electrical Equipment — cheaper than 35% of them, against an industry median of 22.4×. This is a position, not a valuation judgement.

How much does the ADVAIT ENRGY TRANSITION L share price move in a day?

On a typical session ADVAIT ENRGY TRANSITION L moves 2.10% — that is the median absolute close-to-close move across its last 189 trading days. MarketPing measures each filing's price reaction against it.

When are ADVAIT ENRGY TRANSITION L's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track ADVAIT ENRGY TRANSITION L's announcements?

Every NSE and BSE filing by ADVAIT ENRGY TRANSITION L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.