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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Power Transitions Division (PTS) (96%), New & Renewable Energy Business (NRE) (4%). Order-driven turnkey electrical infrastructure contractor with concentrated Gujarat DISCOM exposure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 79 | 103 | 209 | 399 | 715 |
| EBITDA (ex other income) | — | — | 36 | 51 | 84 |
| margin % | — | — | 17.3 | 12.7 | 11.7 |
| Owners' profit | — | — | 22 | 31 | 52 |
| EPS, as reported (₹) | 10.43 | 12.67 | 21.45 | 29.06 | 47.43 |
| ROE % · ROCE % | — · 22.5 | — · 25.7 | 29.2 · 39.1 | 15.4 · 21.1 | 18.9 · 28.0 |
| Debt / equity (x) | — | — | 0.74 | 0.23 | 0.31 |
| Cash from operations | 12 | 12 | (10) | 46 | (10) |
| Capex | — | — | (10) | (14) | (113) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46 | 98 | 195 | 118 | 157 | 211 | 228 | 179 |
| Profit before tax | 6 | 13 | 18 | 13 | 16 | 24 | 27 | 21 |
| Net profit | 4 | 10 | 13 | 9 | 11 | 17 | 19 | 15 |
| EPS (₹) | 3.83 | 9.23 | 10.68 | 7.73 | 9.74 | 15.19 | 16.15 | 12.70 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| (a) Power Transitions Divisioin (PTS) | 254 | 35.0 |
| (b) New & Renewable Energy Business (NRE) | 74 | 10.2 |
| Power Transitions Divisioin (PTS) | 205 | 28.1 |
| New & Renewable Energy Business (NRE) | 87 | 12.0 |
| (b) New & Renewable Energy Business (NRE) | 62 | 8.5 |
| New & Renewable Energy Business (NRE) | 45 | 6.2 |
| Total, before eliminations | 727 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Aug 2026 · Advait Energy files newspaper notice for 16th AGM and dividend record date | compliance | minimal | — | — |
| 28 Aug 2026 · 16th AGM on September 21, 2026; Board recommends Rs 2 per share dividend | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Advait Energy Transitions files FY26 Annual Report, AGM on Sep 21 | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · Advait wins Rs 134.62 crore domestic ERS turnkey order | business updates | high | — | — |
| 25 Aug 2026 · Wins Rs 134.62 crore order from MPPTCL for ERS systems | business updates | high | — | — |
| 21 Aug 2026 · 16th AGM on Sept 21 via video call; record date Sept 14 for FY26 dividend | compliance | minimal | — | — |
| 20 Aug 2026 · Advait Energy Transitions 16th AGM on Sep 21, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Subsidiary Advait Greenergy bags Rs 116 Cr EPC order for 200 MW solar project | business updates | high | — | — |
| 11 Aug 2026 · Order bagged from GETCO worth Rs 24.88 crore for ERS turnkey contract | business updates | high | — | — |
| 10 Aug 2026 · Q1 FY27 Investor Presentation: Revenue up 51% YoY, Order Book crosses Rs 1,330 Cr | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| WAAREE ENERGIES LIMITED | 75,508 | 19.8 | 5.03 | 12.2 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 | — | 36.3 |
| MTAR TECHNOLOGIES LIMITED | 22,531 | 168.8 | 27.39 | 120.2 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 19,448 | 98.9 | — | 94.7 | (26.2) | 8.6 | — | 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 | 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 38.7 | 26.2 | 39 of 53 | 27% |
| P/B | 7.8 | 3.6 | 40 of 49 | 19% |
| ROCE | 23.5 | 12.3 | 14 of 56 | 76% |
| ROE | 18.9 | 11.5 | 15 of 53 | 73% |
| Debt / Equity | 0.3 | 0.2 | 31 of 53 | 42% |
| EBITDA margin | 14.7 | 12.6 | 22 of 51 | 58% |
| Revenue growth | 51.4 | 20.7 | 13 of 46 | 73% |
| Profit growth | 65.8 | 37.7 | 18 of 45 | 61% |
| Market cap | 2278 | 641 | 17 of 56 | 71% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
