| Consolidated Revenue | ₹715 CrFY26 Total |
|---|---|
| Order Book | ₹1,304 Cr159% YoY Growth |
| Market Cap | ₹2,287 CrConsumer Durables |
| RSI | 56.48Neutral Zone |
Key highlights
- Consolidated revenue reached ₹715 crore for FY26 with a Profit After Tax of ₹58 crore.
- The total order book surged to ₹1,304 crore as of March 2026, marking a 159% year-on-year growth.
- Standalone revenue grew 52% year-on-year to ₹448 crore with a PAT margin of 10.33%.
- The New Renewable Energy (NRE) division now accounts for 36% of the total order book.
- Secured significant new orders from state utilities including MSETCL, PTCUL, and GETCO.
- Successfully received NABL lab approval at the Kadi manufacturing facility in Gujarat.
Financial Performance
Advait Energy’s FY26 financial performance showcases a robust scaling phase, with a three-year compounded annual growth rate (CAGR) of 90%. On a consolidated basis, the company reported a Profit After Tax (PAT) of ₹58 crore on revenue of ₹715 crore. The standalone entity maintained healthy margins, delivering a PAT of ₹30.95 crore for the full year.
The balance sheet remains supported by steady cash flow from operating activities, which amounted to ₹46.47 crore annually. This fiscal strength is largely driven by the Power Transmission Solutions division, which remains the primary revenue contributor while the green energy segment begins to scale.
Management Outlook
The leadership at Advait Energy has guided for a continued growth trajectory exceeding 50% year-on-year. The company is actively pivoting from being a component manufacturer to a full-scale energy transition solutions provider. Central to this strategy is the operationalization of a 300MW electrolyser facility and a 2.5GWh Battery Energy Storage Systems (BESS) plant, both expected to be functional by the fourth quarter of FY27.
Management indicates that the current order book of ₹1,304 crore provides high revenue visibility, with the four-year order book CAGR standing at an impressive 107%.
Business Overview
Advait Energy operates through two primary segments: Power Transmission Solutions (PTS) and New Renewable Energy (NRE). The PTS division, which contributes 64% of the current order book, focuses on OPGW, HTLS conductors, and stringing tools for power utilities. The NRE division is the high-growth arm focusing on green hydrogen and carbon consultancy.
The company is aggressively investing in greenfield projects at its Kadi facility, including assembly lines for 30 MW electrolysers and fuel cell technology, positioning itself to capture the rising demand for decarbonization tools in the Indian utility and industrial sectors.
What to Watch
- Operational timelines for the new 300MW electrolyser assembly line by Q4FY27.
- Execution efficiency of the ₹1,304 crore order book across state utility projects.
- Regulatory and approval cycles from government boards for RDSS and OPGW projects.
- Market adoption and ramp-up of the new 2.5GWh Battery Energy Storage Systems (BESS).
- Ability to maintain 12% consolidated EBITDA margins amidst greenfield project scaling.
“Management guides >50% YoY growth with 4-year order book CAGR of 107% and multi-integrated manufacturing scaling significantly.”
| Share price | ₹2090 |
|---|---|
| Market capitalisation | ₹2,287.09 Cr |
| Revenue (annual) | ₹399.11 Cr |
| Net profit (annual) | ₹30.95 Cr |
| Revenue (latest quarter) | ₹228.20 Cr+8.14% vs previous quarter |
| Net profit (latest quarter) | ₹17.67 Cr+6.49% vs previous quarter |
| P/E (TTM) | 43.02×Sector 48.68× |
| Promoter holding | 66.8%0.00% QoQ |
| FII holding | 0.21%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Advait Energy Transitions Ltd announcing consolidated financial results for the year ended March 31, 2026. Market figures from a third-party data provider.
