NSE: ADVAIT · BSE: 543230 · ISIN INE0ALI01010
Advait Energy Transitions Limited stock analysis
Advait Energy Transitions Limited ranks #602 in the TickerSutra evidence-ranked universe with a score of 62/100 and 91% data confidence. The latest captured fundamentals show ROCE of 27.9%, quarterly sales growth of 51.4% and quarterly profit growth of 66.0%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 27.9%
- 90.1% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹79cr | ₹10cr | ₹5cr | 13.0% |
| 2023 | ₹104cr | ₹17cr | ₹8cr | 16.0% |
| 2024 | ₹209cr | ₹36cr | ₹22cr | 17.0% |
| 2025 | ₹399cr | ₹52cr | ₹32cr | 13.0% |
| 2026 | ₹715cr | ₹84cr | ₹55cr | 12.0% |
| TTM | ₹775cr | ₹95cr | ₹61cr | 12.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Advait Energy Transitions Limited has informed the Exchange regarding 'Master supply Agreement executed between Advait battery ecosystems Pvt Ltd and Hithium'.
RoutineAdvait Energy Transitions Ltd - 543230 - Master Supply Agreement Executed Between Advait Battery Ecosystems Private Limited And HithiumBSE · 28 Sept 2026Master supply agreement executed between Advait Battery Ecosystems Private Limited and Hithium
RoutineShareholders meetingNSE · 21 Sept 2026Advait Energy Transitions Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 21, 2026
RoutineAdvait Energy Transitions Ltd - 543230 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 21 Sept 2026Outcome of AGM
RoutineAdvait Energy Transitions Ltd - 543230 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsBSE · 19 Sept 2026Master supply agreement executed between Advait Battery Ecosystems Private Limited (Step down subsidiary of Advait Energy Transitions Limited) and Hithium
MANAGEMENT COMMENTARY
Signals from filed documents
The operationalisation of the THDC India green hydrogen microgrid demonstrates Advait’s ability to move beyond technology development and deliver integrated clean- energy solutions in real operating environments. As market adoption increases and manufacturing scales, the Company expects operating leverage and technology maturity to improve the economics of these businesses. CUSTOMER AND SECTOR CONCENTRATION Advait ha
This strategic evolution is aimed at creating a broader, technology-led and future-ready business portfolio, enabling Advait to participate across multiple high-growth segments of India's evolving energy ecosystem and capture emerging opportunities arising from the country's transition towards a more resilient, sustainable and low-carbon energy future. During the year under review, the Company continued to strengthen
41 Expected annualised returns Explanation: This shall be applicable in case of investment in debt instruments. NA 42 Returns on past investments in the related party over the last three financial years NA 44 Whether any regulatory approval is required. If yes, whether the same has been obtained.
INTERNATIONAL: FROM ENQUIRY TO QUALIFICATION International demand is maturing through a two-stage sequence. Stage 1: Expanding Our International Market Presence Successfully obtained approvals for our manufactured products and commenced supplies to international markets, marking an important step in expanding our global footprint. This demonstrates the company’s growing focus on international markets and its ability
The foundation has been laid by a great many people over fifteen years, the direction is clear, and our execution capabilities continue to strengthen with each project delivered. With the unwavering support of our shareholders, customers, lenders, technology partners and employees, we remain confident that Advait Energy Transitions is well positioned to play a meaningful role in shaping India’s clean energy future wh
WORKING CAPITAL MANAGEMENT Strong revenue growth naturally increases the requirement for working capital, particularly in project-oriented businesses where billing, certification and retention payments can create timing differences between execution and cash realisation. During FY2025- 26, operating cash flow was impacted by higher receivables and amounts classified under other current assets, including retention amo
ERS replenishment follows the first deployment. The pattern indicates deepening institutional trust, which translates directly into lower customer acquisition cost and higher margin predictability. Shift 4: Private-sector demand is emerging as a distinct stream.
Advait's journey has been one of continuous value creation. Beginning with specialised products and engineering services for the power transmission sector, the Company has systematically expanded its portfolio across the emerging energy ecosystem. Today, Advait addresses opportunities spanning Power Transmission, Grid Modernisation, Renewable Energy Integration, Battery Energy Storage Systems (BESS), Green Hydrogen,
The electrolysers manufactured by the Company will similarly support its own green hydrogen projects, while also serving the external market. The Company’s EPC teams will install the hardware manufactured internally, creating an integrated model where each product line can serve both internal requirements and external customers, taking the Group’s backward integration to its logical endpoint. The facility’s capacity
THE PATTERN Three structural forces converge. Domestic PTS demand is scaling in both value and technical complexity, driven by climate urgency and regulatory mandates. Domestic NRE demand is transitioning from pilot to procurement, driven by government policy and industrial decarbonisation.
Second, the Company has built qualification-led moats that are difficult to replicate within compressed timelines. A fifteen-year track record across 25,000 kilometres of live-line installations, approximately 50% market share in stringing tools, NABL-accredited testing capability and product approvals across more than ten state utility boards represent credentials that a new entrant cannot Company Overview 52 Advait
FINANCIAL STATEMENTSSTATUTORY REPORTSCORPORATE OVERVIEW 37 COMPETITIVE EDGE Six moats. Together, they answer the question every institutional investor asks: what stops a larger company from doing what Advait does? 1) THE QUALIFICATION MOAT In energy infrastructure, the barrier to entry is performance, not capital.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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