ADVAIT ENERGY TRANSITIONS LIMITED

BSE: ADVAIT543230ISIN INE0ALI01010

Industrials
Other Electrical Equipment
BSE Industrials

Share price

₹1,879.35+147.50 (+8.52%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹2,485.70
52W low: ₹1,321.05
Off 52W high: -24.39%
1M return: +2.65%
3M return: -17.76%
6M return: -5.02%
1Y return: +6.94%
20D avg volume: 7,212
50 DMA: ₹1,927.98
200 DMA: ₹1,931.31

Key ratios Consolidated

Market cap: ₹2,058 Cr
Current price: ₹1,879.35
52W high / low: ₹2,485.70 / ₹1,321.05
Face value: ₹10.00
P/E: 29.21
P/B: 6.74
EPS (TTM): ₹64.34
Book value / share: ₹278.81
ROE: —
ROCE: 28.00%
Operating margin: —
Net margin: —
Debt / equity: 0.31
Net debt: ₹64.57 Cr
Interest cover: 6.16
Dividend yield: 0.11%
Dividend / share (TTM): ₹2.00
Payout: 3.11%
Cash conversion cycle: -1.5 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	220.94	179.27	228.20	211.03	156.87	118.43	194.67	98.45	46.19	59.81	59.73	72.61
	2.00	1.63	3.20	4.59	2.09	2.62	3.85	2.05	1.03	0.65	1.38	0.81
	222.94	180.91	231.40	215.62	158.96	121.06	198.52	100.50	47.22	60.46	61.11	73.42
	195.75	159.99	204.46	192.05	142.97	108.23	180.09	87.00	41.65	53.29	51.22	63.12
	173.11	145.10	146.18	125.92	113.78	50.52	78.55	59.33	21.64	30.15	45.29	43.60
	19.77	3.78	33.10	47.55	16.87	46.84	88.04	15.11	4.79	5.74	0.90	3.36
	5.66	4.30	5.34	4.35	3.78	3.50	3.61	3.57	3.06	2.55	4.75	1.77
	5.66	4.52	4.09	4.27	2.61	2.68	3.61	2.44	2.84	0.83	2.16	2.14
	1.09	0.96	0.96	0.91	0.81	0.86	0.82	0.94	0.87	0.85	0.78	0.67
	10.56	6.33	14.61	10.06	5.78	5.65	5.28	8.15	7.44	5.04	4.40	9.37
	27.19	20.92	26.93	23.57	15.99	12.83	18.43	13.49	5.58	7.17	9.88	10.29
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.19	20.92	26.93	23.57	15.99	12.83	18.43	13.49	5.58	7.17	9.88	10.29
	7.16	5.29	6.98	5.57	4.12	3.13	5.55	3.70	1.55	1.81	2.66	2.59
	19.18	14.80	19.07	17.39	11.11	8.93	12.88	9.79	4.03	5.35	7.23	7.70
	16.83	12.70	16.15	15.19	9.74	7.73	10.68	9.23	3.83	5.25	7.09	7.55
Key metrics
	33.94	26.40	31.98	28.75	19.41	16.37	22.86	16.87	9.29	8.85	12.82	13.10
	15.40%	14.70%	14.00%	13.60%	12.40%	13.80%	11.70%	17.10%	20.10%	14.80%	21.50%	18.00%
	8.70%	8.30%	8.40%	8.20%	7.10%	7.50%	6.60%	9.90%	8.70%	8.90%	12.10%	10.60%
	6.90%	—	9.40%	—	6.20%	—	8.50%	—	—	—	—	—
	40.80%	51.40%	17.20%	114.40%	239.60%	98.00%	225.90%	35.60%	—	—	—	—
	72.60%	65.70%	48.10%	77.60%	175.70%	66.90%	78.10%	27.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	839.44	714.52	399.11	208.85	102.65	78.66
	11.42	12.72	7.35	2.88	1.76	1.29
	850.87	727.25	406.46	211.72	104.42	79.95
	752.25	649.37	361.79	182.26	92.91	71.14
	590.31	436.04	188.57	133.86	73.94	53.40
	104.20	144.35	114.72	15.68	1.34	2.23
	19.65	16.97	12.79	9.69	4.93	3.98
	18.54	15.09	9.77	6.91	2.64	1.15
	3.92	3.54	3.48	2.64	4.14	1.80
	41.56	36.67	25.67	17.07	11.36	10.02
	98.61	77.88	44.67	29.46	11.51	8.81
	0.00	0.00	0.00	0.00	0.00	-0.01
	98.61	77.88	44.67	29.46	11.51	8.80
	25.00	19.79	12.62	7.58	3.39	3.48
	70.44	55.07	32.05	21.88	8.12	5.32
	60.87	47.43	29.06	21.45	—	—
Key metrics
	121.07	96.51	57.92	39.01	18.29	11.75
	14.42%	13.50%	14.50%	18.70%	17.80%	14.90%
	8.39%	7.70%	8.00%	10.50%	7.90%	6.80%
	—	28.00%	21.10%	—	—	—
	47.68%	79.00%	91.10%	103.50%	30.50%	—
	64.93%	71.80%	46.50%	169.50%	52.60%	—
	—	-122.25	32.03	—	—	—
	—	-0.18	1.45	—	—	—
	—	0.31	0.23	—	—	—
	—	64.57	45.58	—	—	—
	—	-1.5	33.2	—	—	—
Balance sheet
	—	667.06	492.16	—	—	—
	—	442.11	401.61	—	—	—
	—	24.73	2.55	—	—	—
	—	147.86	189.17	—	—	—
	—	59.13	15.65	—	—	—
	—	55.50	33.96	—	—	—
	—	72.21	46.23	—	—	—
	—	209.79	168.48	—	—	—
	—	335.55	234.15	—	—	—
	—	89.30	48.13	—	—	—
	—	66.70	14.64	—	—	—
	—	22.60	33.49	—	—	—
	—	290.95	208.02	—	—	—
Cash flow
	—	-9.68	46.47	—	—	—
	—	-33.33	-93.95	—	—	—
	—	68.51	99.53	—	—	—
	—	112.57	14.44	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	170.06	129.34	154.05	124.71	95.46	73.46	95.38	94.36	47.59	58.15	59.71	72.51
	1.70	1.47	2.77	1.54	2.88	2.53	4.30	1.93	0.76	0.38	1.24	0.66
	171.75	130.81	156.82	126.26	98.34	75.99	99.68	96.29	48.35	58.53	60.95	73.17
	148.57	113.86	135.95	109.12	84.47	65.42	85.52	82.19	41.24	50.90	51.29	62.85
	138.31	99.90	97.29	78.67	57.22	46.06	66.00	55.97	23.13	29.16	46.53	44.55
	9.06	3.78	14.80	12.51	14.61	9.25	6.92	15.11	4.79	5.74	2.42	3.35
	4.70	3.84	4.62	3.86	3.43	3.20	4.04	2.82	2.38	1.86	3.80	1.40
	5.59	4.47	3.98	4.60	3.44	2.63	3.51	2.21	2.44	0.52	2.00	2.09
	0.98	0.95	0.94	0.90	0.80	0.85	0.64	0.68	0.61	0.59	0.53	0.44
	10.02	5.93	14.13	9.59	5.63	5.26	4.70	7.50	7.07	4.71	3.79	9.00
	23.18	16.95	20.87	17.13	13.87	10.57	14.16	14.10	7.11	7.63	9.66	10.32
	0.00	0.00	-0.03	0.00	0.00	0.00	0.00	—	—	—	—	—
	23.18	16.95	20.84	17.13	13.87	10.57	14.16	14.10	7.11	7.63	9.66	10.32
	6.08	4.32	5.41	4.62	3.57	2.56	4.46	3.72	1.53	1.80	2.51	2.59
	17.10	12.63	15.42	12.51	10.30	8.01	9.70	10.38	5.58	5.83	7.16	7.73
	15.62	11.54	14.10	11.45	9.43	7.40	9.10	9.80	5.31	5.72	7.01	7.58
Key metrics
	29.75	22.37	25.76	22.63	18.11	14.05	18.31	16.99	10.16	8.74	12.19	12.85
	17.50%	17.30%	16.70%	18.10%	19.00%	19.10%	19.20%	18.00%	21.30%	15.00%	20.40%	17.70%
	10.10%	9.80%	10.00%	10.00%	10.80%	10.90%	10.20%	11.00%	11.70%	10.00%	12.00%	10.70%
	6.70%	—	8.20%	—	6.20%	—	7.10%	—	—	—	—	—
	78.10%	76.10%	61.50%	32.20%	100.60%	26.30%	59.70%	30.10%	—	—	—	—
	66.00%	57.70%	59.00%	20.50%	84.60%	37.40%	35.50%	34.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	578.16	447.69	295.48	207.44	101.52	72.00
	7.48	9.94	7.36	2.48	1.54	1.05
	585.64	457.63	302.84	209.92	103.05	73.05
	507.50	395.18	259.85	181.17	89.52	63.45
	414.17	278.89	174.26	132.20	74.60	52.56
	40.15	51.16	32.55	20.26	—	—
	17.02	15.11	11.10	7.98	4.34	3.44
	18.64	14.66	8.69	6.58	2.49	0.82
	3.77	3.49	2.52	1.75	2.87	0.28
	39.67	35.18	23.98	15.82	10.18	9.01
	78.13	62.45	42.99	28.75	13.53	9.60
	-0.03	-0.03	0.00	—	—	—
	78.10	62.42	42.99	28.75	13.53	9.60
	20.43	16.17	11.50	7.42	3.53	2.46
	57.66	46.24	31.49	21.34	10.00	7.13
	52.71	42.41	29.57	20.92	—	—
Key metrics
	100.51	80.57	54.20	37.08	18.89	10.70
	17.38%	18.00%	18.30%	17.90%	18.60%	14.90%
	9.97%	10.30%	10.70%	10.30%	9.90%	9.90%
	—	25.50%	20.90%	—	—	—
	61.20%	51.50%	42.40%	104.30%	41.00%	—
	50.20%	46.80%	47.60%	113.40%	40.30%	—
	—	-72.70	49.76	—	—	—
	—	0.13	1.58	—	—	—
	—	0.34	0.23	—	—	—
	—	66.72	43.66	—	—	—
	—	15.0	37.0	—	—	—
Balance sheet
	—	580.50	366.68	—	—	—
	—	362.71	278.88	—	—	—
	—	21.66	2.36	—	—	—
	—	130.65	78.33	—	—	—
	—	19.60	12.22	—	—	—
	—	38.56	32.59	—	—	—
	—	57.26	33.73	—	—	—
	—	131.88	60.63	—	—	—
	—	278.72	119.45	—	—	—
	—	88.38	46.02	—	—	—
	—	65.78	13.08	—	—	—
	—	22.60	32.94	—	—	—
	—	261.26	199.36	—	—	—
Cash flow
	—	5.83	49.76	—	—	—
	—	-59.92	-72.95	—	—	—
	—	75.46	90.23	—	—	—
	—	78.53	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +63.99%
Sales CAGR 5Y: —
Profit CAGR 3Y: +66.60%
Profit CAGR 5Y: —
Sales YoY (TTM): +61.20%
Profit YoY (TTM): +50.20%

Consolidated

Sales CAGR 3Y: +90.93%
Sales CAGR 5Y: —
Profit CAGR 3Y: +89.29%
Profit CAGR 5Y: —
Sales YoY (TTM): +47.68%
Profit YoY (TTM): +64.93%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 66.71%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	66.71%	66.71%	66.77%

Holder	Type	Holding	Previous	Change
SHETH SHALIN RAHULKUMAR	Promoter	60.29%	60.29%	0.00%
REJAL SHALIN SHETH	Promoter	5.74%	5.74%	0.00%
TANVI JIGNESH MEHTA	Public	2.24%	2.24%	0.00%
KEDIA SECURITIES PRIVATE LIMITED	Public	1.14%	1.14%	0.00%
ASHISH KACHOLIA	Public	1.05%	1.05%	0.00%
RUTVI SHALIN SHETH	Promoter Group	0.68%	0.68%	0.00%
PMS	Public	0.48%	0.48%	0.00%
LLP PMS	Public	0.12%	0.12%	0.00%
RAHULKUMAR CHANDRAKANT SHETH	Promoter Group	0.00%	0.00%	0.00%
Custodian Clnt Ind Resi with Nomination	Public	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—

Filings & corporate actions

Recent announcements

Credit Rating Reaffirmed3 Nov 2026 · Company Update / Credit Rating
Audio recording of earnings call2 Nov 2026 · Company Update / Analyst / Investor Meet
Investor''s Presentation1 Nov 2026 · Company Update / Investor Presentation
Appointment of Mr. Vimal Kishore Yadav as Chief Operating Officer of the company30 Oct 2026 · Company Update / Change in Management
Media release- Unaudited Standalone and consolidated financial results for the quarter and half year ended September 30, 202630 Oct 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results (Standalone and Consolidated) along with the independent auditor limited review report for the quarter and half year ended September 30, 202630 Oct 2026 · Board Meeting / Outcome of Board Meeting
Unaudited Financial results (Standalone & Consolidated) for quarter and half year ended September 30, 202630 Oct 2026 · Result / Financial Results
Earnings call intimation post announcement of unaudited standalone and consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026 is scheduled ....27 Oct 2026 · Company Update / Analyst / Investor Meet
Advait Energy Transitions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve Unaudited Standalone ....23 Oct 2026 · Board Meeting / Board Meeting
License granted to consortium led by Eleven Power Private Limited21 Oct 2026 · Company Update / General
Trading window closure for quarter ended September 30, 202629 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Master supply agreement executed between Advait Battery Ecosystems Private Limited and Hithium28 Sep 2026 · Company Update / General
Scrutinizer''s report23 Sep 2026 · AGM/EGM / AGM
Outcome of AGM21 Sep 2026 · AGM/EGM / AGM
Master supply agreement executed between Advait Battery Ecosystems Private Limited (Step down subsidiary of Advait Energy Transitions Limited) and Hithium19 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Participation in JM Financial Environmental and Energy Conclave on September 24, 202618 Sep 2026 · Company Update / Analyst / Investor Meet
Newspaper Clippings -Sixteenth Annual General Meeting, Record Date for Dividend and Information on E-voting29 Aug 2026 · Company Update / Newspaper Publication
Annual General Meeting of the Company will be held on September 21, 202628 Aug 2026 · AGM/EGM / AGM
Annual Report for FY 2025-2628 Aug 2026 · Others / Reg. 34 (1) Annual Report
Turnkey contract for design, manufacturing & Supply of ERS from M/s. Madhya Pradesh Power Transmission Co. Ltd.25 Aug 2026 · Company Update / Award of Order / Receipt of Order
Newspaper publication for Annual General Meeting and record date21 Aug 2026 · Company Update / Newspaper Publication
Sixteenth annual general meeting of the company to be held on September 21, 2026, through video conferencing or other audio-visual mode. Record date for determining eligibility of members ....20 Aug 2026 · AGM/EGM / AGM
Turnkey contract for EPC work from KPI Green Energy Limited to Advait Greenergy Private Limited, material subsidiary of the company.18 Aug 2026 · Company Update / Award of Order / Receipt of Order
Order received from GETCO11 Aug 2026 · Company Update / Award of Order / Receipt of Order
Investors presentation on standalone and consolidated unaudited financial results for the quarter ended on June 30, 2026.10 Aug 2026 · Company Update / Investor Presentation
Approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, duly reviewed and recommended by the Audit Committee and approved by the Board ....7 Aug 2026 · Board Meeting / Outcome of Board Meeting
Approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, duly reviewed and recommended by the Audit Committee and approved by the Board ....7 Aug 2026 · Result / Financial Results
Advait Energy Transitions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve Unaudited Standalone ....31 Jul 2026 · Board Meeting / Board Meeting
Clarification28 Jul 2026 · Company Update / General
Revised outcome - Original outcome which is filed is not disseminated to Stock exchange because of Technical error on BSE site22 Jul 2026 · Company Update / Revision of outcome
Outcome22 Jul 2026 · Others / Outcome without intimation
Report received under regulation 10(7) of SEBI SAST Regulations10 Jul 2026 · Company Update / General
Turnkey contract for conversion of existing 11 kV HT & LT Line network into underground cable network at Adhewada (Akwada)- Bhavnagar Circle under PGVCL(Package-18)10 Jul 2026 · Company Update / Award of Order / Receipt of Order
Turnkey contract for conversion of 11 kV HT & LT Line network into underground cable network at Ranavav - Porbandar Circle under PGVCL (Package -58)10 Jul 2026 · Company Update / Award of Order / Receipt of Order
Turnkey contract for conversion of 11kV HT & LT Line network into underground cable network at Mandvi city - Bhuj Circle under PGVCL(Package-43)10 Jul 2026 · Company Update / Award of Order / Receipt of Order
Turnkey Contract for conversion of existing 11kV HT & LT Line network into underground cable network at udyognagar-porbandar circle under PGVCL(Package 61).10 Jul 2026 · Company Update / Award of Order / Receipt of Order
Intimation of order bagged for supply, installation, testing and commissioning of 11KV 55mm2 AAAC Medium Voltage Covered Conductor(MVCC) with its accessories - DGVCL.7 Jul 2026 · Company Update / Award of Order / Receipt of Order
Closure of Trading window30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Investor meet on June 30, 202624 Jun 2026 · Company Update / Analyst / Investor Meet
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shalin Sheth19 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	11 Sep 2026	14 Sep 2026	—
Final Dividend - Rs. - 1.7500	12 Sep 2025	12 Sep 2025	—
Final Dividend - Rs. - 1.5000	23 Sep 2024	23 Sep 2024	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results