Cable · Founded 2010 · https://www.advaitgroup.co.in/ · BSE 543230 · NSE ADVAIT · ISIN INE0ALI01010
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Business
Advait Energy Transitions Ltd. (ADVAIT) operates in the cable and wire manufacturing sector in India. The company's core business involves the production and distribution of various types of electrical and communication cables and wires. This likely includes power cables, control cables, building wires, and potentially specialty cables catering to infrastructure, industrial, commercial, and residential applications. Given "Energy Transitions" in its name, it may have a strategic focus or increasing emphasis on cables for renewable energy projects (solar, wind) and other infrastructure critical for the energy transition. The company makes money by selling its manufactured cable products to B2B customers (e.g., utility companies, construction firms, industrial clients) and potentially through a retail distribution network for B2C sales.
Revenue Mix
Without specific company data, Advait Energy Transitions Ltd.'s revenue is typically derived from distinct product categories within the cable industry. These commonly include:
Power Cables: High-voltage, medium-voltage, and low-voltage cables for power transmission and distribution.
Building Wires & Control Cables: Wires for residential, commercial, and industrial wiring, along with cables for instrumentation and control systems.
Communication Cables: Optical fiber cables (OFC) and copper data cables, catering to telecommunications and data networking.
Specialty Cables: Cables designed for specific applications such as solar, wind, automotive, or marine industries.
Specific revenue contribution by segment is not available, but the mix would depend on the company's manufacturing capabilities and market focus.
Industry
The Indian cable industry is characterized by a mix of large organized players and numerous unorganized small-to-medium enterprises. It is a capital-intensive industry driven by infrastructure development and electrification. Competition is intense, with companies vying for market share based on product quality, safety certifications, pricing, and distribution network. Advait Energy Transitions Ltd. operates within this competitive landscape, positioning itself likely through adherence to quality standards, competitive pricing, and potentially a growing emphasis on products aligned with India's energy transition initiatives. Its standing relative to market leaders would depend on its scale of operations, brand recognition, and market penetration.
MOAT
Without specific company details, Advait's competitive advantages are likely to be built on industry-standard factors. Potential moats could include:
Brand Reputation: For quality, reliability, and safety in a critical product category like electrical cables.
Extensive Distribution Network: A widespread network to reach diverse customer segments across India.
Manufacturing Scale & Cost Efficiency: Ability to produce large volumes efficiently, leading to cost advantages.
Product Diversification & Specialization: Offering a wide range of cables, including specialized ones for high-growth areas like renewable energy.
Regulatory Compliance & Certifications: Adherence to national and international safety and quality standards, which is crucial for industry acceptance.
The presence and strength of these advantages for Advait Energy Transitions Ltd. would need further company-specific analysis.
Growth Drivers
Key factors that can drive growth for Advait Energy Transitions Ltd. over the next 3-5 years include:
Infrastructure Development: Government spending on power, road, rail, smart cities, and industrial corridors.
Renewable Energy Expansion: Significant investments in solar, wind, and other green energy projects, requiring specialized cabling solutions.
Housing & Real Estate Sector Growth: Continued urbanization and demand for residential and commercial spaces.
Electrification & Industrialization: Increased electricity demand and industrial expansion driving the need for power and control cables.
Digitalization & 5G Rollout: Expansion of telecom infrastructure, driving demand for communication cables (e.g., optical fiber).
"Make in India" Initiative: Favorable policies promoting domestic manufacturing and reducing reliance on imports.
Risks
Raw Material Price Volatility: Fluctuations in prices of key inputs like copper, aluminum, PVC, and steel, which can impact profitability.
Intense Competition & Pricing Pressure: High competition from both organized and unorganized players can lead to pricing wars and margin erosion.
Economic Slowdown: A downturn in the broader economy or specific sectors like real estate and infrastructure can reduce demand.
Regulatory & Environmental Compliance: Strict adherence to safety, quality, and environmental regulations, with potential penalties for non-compliance.
Technological Obsolescence: Need to continuously invest in R&D to keep pace with evolving technology and product standards.
Credit Risk: Exposure to payment delays or defaults from large B2B clients, especially in infrastructure projects.
Management & Ownership
As is common for many Indian companies, Advait Energy Transitions Ltd. is likely promoter-driven, meaning a founding family or group holds a significant stake and plays a key role in management. Without specific information, it's difficult to comment on individual management quality or the precise ownership structure beyond assuming it's a publicly traded company given the ticker. Generally, promoter-led companies in India benefit from long-term vision but can sometimes face corporate governance challenges.
Outlook
Advait Energy Transitions Ltd. operates in a sector poised for significant growth, driven by India's robust infrastructure development, ambitious renewable energy targets, and continued urbanization. The company stands to benefit from increasing demand for power and communication cables across various end-use segments. However, the outlook is balanced by inherent industry challenges, including the volatility of raw material prices, intense competition, and the necessity to continuously innovate and maintain stringent quality standards. Its ability to capitalize on the "Energy Transitions" aspect of its name, by focusing on and excelling in specialized cables for green energy projects, could be a key differentiator and growth driver. Success will largely depend on effective cost management, robust distribution, product quality, and strategic capital allocation in a dynamic market.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 60 | 60 | 46 | 98 | 193 | 118 | 157 | 211 | 228 | 179 |
| Other Income | 1 | 1 | 1 | 2 | 3 | 3 | 2 | 5 | 3 | 2 |
| Total Income | 61 | 60 | 47 | 100 | 197 | 121 | 159 | 216 | 231 | 181 |
| Total Expenditure | 48 | 52 | 38 | 83 | 174 | 105 | 140 | 187 | 199 | 155 |
| Operating Profit | 13 | 9 | 9 | 17 | 23 | 16 | 19 | 29 | 32 | 26 |
| Interest | 2 | 1 | 3 | 2 | 4 | 3 | 3 | 4 | 4 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 7 | 6 | 14 | 18 | 13 | 16 | 24 | 27 | 21 |
| Provision for Tax | 3 | 2 | 2 | 4 | 6 | 3 | 4 | 6 | 7 | 5 |
| Profit After Tax | 7 | 5 | 5 | 10 | 13 | 10 | 12 | 18 | 20 | 16 |
| Adjustments | -0 | 0 | -0 | -1 | -2 | -1 | -1 | -1 | -2 | -2 |
| Profit After Adjustments | 7 | 5 | 4 | 10 | 11 | 8 | 11 | 17 | 18 | 14 |
| Adjusted Earnings Per Share | 7.1 | 5.3 | 4.1 | 9.1 | 10.5 | 7.7 | 9.6 | 15.2 | 16.1 | 12.7 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 29 | 43 | 28 | 45 | 66 | 79 | 104 | 209 | 398 | 715 | 775 |
| Other Income | 1 | 2 | 0 | 1 | 2 | 1 | 2 | 3 | 7 | 13 | 12 |
| Total Income | 30 | 45 | 29 | 46 | 68 | 80 | 106 | 212 | 405 | 727 | 787 |
| Total Expenditure | 23 | 36 | 24 | 40 | 61 | 68 | 88 | 173 | 345 | 629 | 681 |
| Operating Profit | 7 | 9 | 4 | 6 | 7 | 12 | 18 | 39 | 59 | 98 | 106 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 7 | 11 | 17 | 16 |
| Depreciation | 0 | 0 | 0 | 2 | 2 | 2 | 4 | 3 | 3 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 1 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 6 | 8 | 4 | 3 | 4 | 9 | 12 | 29 | 46 | 78 | 88 |
| Provision for Tax | 2 | 2 | 1 | 2 | -1 | 3 | 4 | 8 | 13 | 20 | 22 |
| Profit After Tax | 4 | 6 | 2 | 1 | 5 | 5 | 8 | 22 | 33 | 58 | 66 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -2 | -6 | -6 |
| Profit After Adjustments | 4 | 6 | 3 | 1 | 5 | 5 | 8 | 22 | 31 | 52 | 60 |
| Adjusted Earnings Per Share | 5.7 | 8.4 | 3.4 | 0.7 | 4.7 | 5.2 | 8.3 | 21.4 | 28.6 | 47.3 | 53.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 80% | 90% | 61% | 0% |
| Operating Profit CAGR | 66% | 76% | 70% | 0% |
| PAT CAGR | 76% | 94% | 63% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -1% | 67% | 107% | NA% |
| ROE Average | 24% | 29% | 24% | 25% |
| ROCE Average | 28% | 32% | 29% | 32% |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 10 | 16 | 19 | 19 | 32 | 37 | 46 | 73 | 202 | 278 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 13 |
| Borrowings | 0 | 1 | 6 | 6 | 5 | 7 | 6 | 5 | 33 | 23 |
| Other Non-Current Liabilities | 4 | 4 | 4 | 1 | -2 | -1 | 8 | 13 | 15 | 18 |
| Total Current Liabilities | 9 | 13 | 16 | 25 | 28 | 36 | 56 | 106 | 222 | 336 |
| Total Liabilities | 23 | 33 | 44 | 52 | 63 | 79 | 116 | 199 | 478 | 667 |
| Fixed Assets | 3 | 4 | 18 | 17 | 15 | 14 | 34 | 41 | 37 | 73 |
| Other Non-Current Assets | 1 | 5 | 1 | 1 | 1 | 14 | 17 | 21 | 49 | 152 |
| Total Current Assets | 18 | 24 | 25 | 34 | 48 | 51 | 64 | 137 | 392 | 442 |
| Total Assets | 23 | 33 | 44 | 52 | 63 | 79 | 116 | 199 | 478 | 667 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 6 | 7 | 7 | 9 | 14 | 10 | 18 | 44 | 90 |
| Cash Flow from Operating Activities | 3 | 5 | 4 | 1 | -0 | 12 | 13 | -9 | 46 | -10 |
| Cash Flow from Investing Activities | -1 | -8 | -13 | -0 | 1 | -14 | -7 | -8 | -63 | -33 |
| Cash Flow from Financing Activities | 3 | 4 | 9 | 1 | 5 | -2 | 3 | 44 | 64 | 69 |
| Net Cash Inflow / Outflow | 5 | 0 | -1 | 2 | 6 | -4 | 8 | 26 | 46 | 25 |
| Closing Cash & Cash Equivalent | 6 | 7 | 7 | 9 | 14 | 10 | 18 | 44 | 90 | 116 |
| # | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 5.69 | 8.4 | 3.38 | 0.72 | 4.68 | 5.21 | 8.27 | 21.45 | 28.58 | 47.27 |
| CEPS(Rs) | 5.85 | 8.57 | 3.83 | 3.5 | 6.69 | 6.98 | 11.89 | 24.04 | 33.23 | 56.31 |
| DPS(Rs) | 0 | 0 | 0.75 | 0 | 0.5 | 0.5 | 0 | 1.5 | 1.75 | 2 |
| Book NAV/Share(Rs) | 13.41 | 21.8 | 25.15 | 25.83 | 31.73 | 36.39 | 44.94 | 72 | 182 | 254.16 |
| Core EBITDA Margin(%) | 20.55 | 16.19 | 13.8 | 10.33 | 7.44 | 13.36 | 15.94 | 17.32 | 13.14 | 11.93 |
| EBIT Margin(%) | 23.25 | 20.2 | 14.17 | 9.38 | 8.03 | 12.7 | 14.07 | 17.43 | 14.21 | 13.21 |
| Pre Tax Margin(%) | 22.62 | 19.55 | 14.07 | 6.45 | 5.9 | 11.2 | 11.49 | 14.11 | 11.53 | 10.9 |
| PAT Margin (%) | 14.84 | 14.38 | 8.88 | 1.21 | 7.27 | 6.76 | 8.1 | 10.48 | 8.36 | 8.13 |
| Cash Profit Margin (%) | 15.26 | 14.81 | 10.23 | 5.9 | 10.38 | 9.05 | 11.64 | 11.74 | 9.04 | 8.62 |
| ROA(%) | 18.79 | 22.34 | 6.42 | 1.13 | 8.32 | 7.46 | 8.64 | 13.89 | 9.82 | 10.15 |
| ROE(%) | 42.42 | 47.29 | 14.14 | 2.83 | 18.46 | 15.31 | 20.35 | 36.69 | 24.59 | 24.45 |
| ROCE(%) | 62.94 | 63.42 | 18.98 | 15.45 | 15.26 | 23.36 | 27.49 | 38.37 | 28.45 | 28.24 |
| Receivable days | 103.57 | 83.24 | 147.06 | 94.41 | 90.1 | 114.84 | 103.63 | 63.89 | 105.7 | 85.59 |
| Inventory Days | 6.35 | 4.42 | 12.72 | 27.83 | 32.57 | 32.09 | 36.29 | 28.99 | 15.48 | 18.62 |
| Payable days | 168.9 | 123.39 | 279.67 | 224.35 | 164.54 | 186.91 | 256.99 | 157.07 | 169.03 | 168.21 |
| PER(x) | 0 | 0 | 0 | 0 | 5.54 | 11.79 | 33.74 | 61.63 | 37.63 | 35.67 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0.82 | 1.69 | 6.21 | 18.36 | 5.91 | 6.63 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 1.93 | 0.81 | 0 | 0.11 | 0.16 | 0.12 |
| EV/Net Sales(x) | -0.2 | -0.14 | 0.11 | 0.12 | 0.3 | 0.77 | 2.71 | 6.51 | 2.87 | 2.59 |
| EV/Core EBITDA(x) | -0.85 | -0.67 | 0.72 | 0.87 | 2.95 | 5.15 | 15.36 | 34.82 | 19.24 | 18.9 |
| Net Sales Growth(%) | 0 | 51.1 | -35.43 | 58.76 | 47.6 | 19.7 | 32.46 | 100.44 | 90.41 | 79.68 |
| EBIT Growth(%) | 0 | 31.28 | -54.7 | 5.13 | 26.34 | 89.28 | 46.72 | 148.36 | 55.24 | 67.08 |
| PAT Growth(%) | 0 | 46.38 | -60.11 | -78.3 | 783.69 | 11.4 | 58.66 | 159.25 | 51.91 | 74.74 |
| EPS Growth(%) | 0 | 47.64 | -59.79 | -78.66 | 549.78 | 11.41 | 58.66 | 159.23 | 33.26 | 65.37 |
| Debt/Equity(x) | 0.06 | 0.04 | 0.32 | 0.51 | 0.23 | 0.23 | 0.33 | 0.75 | 0.34 | 0.44 |
| Current Ratio(x) | 2.11 | 1.89 | 1.61 | 1.35 | 1.71 | 1.41 | 1.15 | 1.29 | 1.76 | 1.32 |
| Quick Ratio(x) | 2.05 | 1.85 | 1.52 | 1.14 | 1.49 | 1.21 | 0.91 | 1.1 | 1.7 | 1.14 |
| Interest Cover(x) | 36.77 | 30.98 | 135.15 | 3.2 | 3.77 | 8.45 | 5.46 | 5.25 | 5.3 | 5.71 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.28 | 0.14 | 0.05 | 0.04 | 0.06 | 0.07 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.47 | 69.44 | 69.46 | 69.46 | 67.45 | 66.81 | 66.8 | 66.8 | 66.76 | 66.72 |
| FII | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0.02 | 0.21 | 0.68 | 0.1 |
| DII | 0 | 0 | 0 | 0.31 | 0.72 | 0.57 | 0.35 | 0.13 | 0.04 | 0.02 |
| Public | 26.52 | 30.55 | 30.54 | 30.23 | 31.83 | 32.63 | 32.83 | 32.85 | 32.51 | 33.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.75 | 0.75 | 0.75 | 0.75 | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| DII | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Public | 0.27 | 0.33 | 0.33 | 0.33 | 0.34 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.02 | 1.08 | 1.08 | 1.08 | 1.08 | 1.09 | 1.09 | 1.09 | 1.09 | 1.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +80% | +90% | +61% | — |
| Operating Profit CAGR | +66% | +76% | +70% | — |
| PAT CAGR | +76% | +94% | +63% | — |
| Share Price CAGR | -1% | +67% | +107% | — |
| ROE Average | +24% | +29% | +24% | +25% |
| ROCE Average | +28% | +32% | +29% | +32% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.47 | 69.44 | 69.46 | 69.46 | 67.45 | 66.81 | 66.8 | 66.8 | 66.76 | 66.72 |
| FII | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0.02 | 0.21 | 0.68 | 0.1 |
| DII | 0 | 0 | 0 | 0.31 | 0.72 | 0.57 | 0.35 | 0.13 | 0.04 | 0.02 |
| Public | 26.52 | 30.55 | 30.54 | 30.23 | 31.83 | 32.63 | 32.83 | 32.85 | 32.51 | 33.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.75 | 0.75 | 0.75 | 0.75 | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| DII | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Public | 0.27 | 0.33 | 0.33 | 0.33 | 0.34 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.02 | 1.08 | 1.08 | 1.08 | 1.08 | 1.09 | 1.09 | 1.09 | 1.09 | 1.1 |
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