ADVAITIndustrials

Advait Energy Transitions Limited

Other Electrical Equipment · ISIN INE0ALI01010 · BSE 543230 · NSE EQ · FV ₹10
Last price
₹1,886
+8.91%today
What this company does

Advait Energy Transitions Limited operates in Other Electrical Equipment, part of the Industrials sector. It booked ₹221 cr of revenue in its latest quarter (Q2 FY27) and kept 8.3% of sales as profit.

54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 227–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns84

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality27

Whether reported profit actually arrives as cash

Valuation28

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 67%
✓ No promoter shares pledged
✓ Strong 24% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in ADVAIT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,886▲ +8.91%
latest close · 2026-11-04
52-wk low ₹1,54374 sessions so far52-wk high ₹2,442
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio28.0Average
LowAverageHigh
P/B ratio6.77High
Below bookModerateHigh
EV / EBITDA16.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.1%Strong
WeakFairStrong ▸15%
Return on capital27.7%Strong
WeakFairStrong
Net margin8.3%Decent
ThinDecentStrong
EBITDA margin15.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.78Moderate
LowModerateHigh ▸1
Interest cover5.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.33Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,066 cr
Book value
₹279
EPS
₹16.83
latest quarter
Net debt
₹226 cr
owes more than its cash
Enterprise value
₹2,291 cr
EBITDA
₹136 cr
annualised
EBIT
₹131 cr
annualised
Operating margin
14.9%
Return on assets
8.2%
Earnings yield
3.57%
P/S
2.34
Sales / share
₹807.1
Tax rate
26.3%
Face value
₹10
Shares
1.1 cr
Working capital
₹140 cr
Current assets
₹565 cr
Current liabilities
₹425 cr
Delivery %
47.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹407–₹407, midpoint ₹407

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹221 cr
Other Income₹2 cr
Total Income₹223 cr
Cost of Materials₹173 cr
Purchases of Stock-in-Trade₹20 cr
Inventory Change (±)₹-20 cr
Employee Benefit Expense₹6 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹11 cr
Total Expenses₹196 cr
Profit before Tax₹27 cr
Tax Expense₹7 cr
Share of JV / Associates₹-84.6 L
Net Profit₹19 cr
Net margin on total income8.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹173 cr77.8%
Employee benefit expense₹6 cr2.5%
Finance costs₹6 cr2.5%
Depreciation & amortisation₹1 cr0.5%
Other expenses₹11 cr4.8%
Tax expense₹7 cr3.2%
Profit for the period₹19 cr8.6%
Total income ₹223 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue228 cr179 cr221 cr
Total income231 cr181 cr223 cr
Expenses204 cr160 cr196 cr
Profit before tax27 cr21 cr27 cr
Tax7 cr5 cr7 cr
Net profit (owners' share)18 cr14 cr18 cr
Net margin (owners' share, on revenue)7.7%7.8%8.3%
EPS (₹)16.1512.7016.83
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹900 cr
Shareholder equity
₹305 cr
parent shareholders
Total debt
₹254 cr
Cash
₹29 cr
Cash flow · H1 FY27
Operating
₹-29 cr
Investing
₹-124 cr
Financing
₹147 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Waaree Energies Limited₹2,318₹66,677 cr23.2
Apar Industries Limited₹15,523₹64,995 cr35.2
Premier Energies Limited₹890₹40,402 cr21.3
Diamond Power Infrastructure Limited₹368₹21,979 cr49.1
Mtar Technologies Limited₹6,313₹19,417 cr96.6
Emmvee Photovoltaic Power Limited₹231₹16,011 cr10.5
Avalon Technologies Limited₹1,991₹13,303 cr95.4
Fujiyama Power Systems Limited₹366₹11,231 cr48.7
Genus Power Infrastructures Limited₹271₹7,496 cr9.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.11%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹2 / share11 Sep 2026
Dividend₹1.75 / share12 Sep 2025
Dividend₹1.5 / share23 Sep 2024
Bonus issue1:128 Dec 2022
Dividend₹1 / share20 Jun 2022
Dividend₹1 / share13 Sep 2021
Who owns it · 2026-09-30
No pledge
Promoter
66.7%
FII / Foreign
0.1%
DII / Domestic
0.0%
Retail / others
33.2%
Promoter stake down 0.1% over the last 5 quarters.
Smart-money activity
Insider trades
BoughtYogendra Singh Tomar · Designated Person295 · ₹2,95022 Jul 26
BoughtVandit Vipulkumar Sheth · Designated Person345 · ₹3,45022 Jul 26
BoughtSumit Kumar · Designated Person518 · ₹5,18022 Jul 26
Stake changes
BoughtShalin Sheth · promoter→ 60.34% · 10.00 L16 Jun 26
SoldRejal Sheth · promoter→ 5.74% · 10.00 L16 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 21 Sep 2026
See the official result
1
To consider and adopt (a) the audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026,together with the Reports of the Board of Directors and the Statutory Auditor thereon and (b) the audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Statutory Auditor thereon
Backed by 100% of shareholders other than promotersneeded 50%
6.15 L votes for, 1 against · 0% of mutual funds and other big investors said no
2
To declare a dividend on equity shares for the financial year ended 31st March, 2026 at the rate of Rs. 2.00 (20%) per equity share of the Face value of Rs. 10 of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
6.15 L votes for, 1 against · 0% of mutual funds and other big investors said no
3
To appoint Mrs. Rejal Sheth (DIN: 02911576), who retires by rotation, as a Director
Backed by 100% of shareholders other than promotersneeded 50%
6.15 L votes for, 47 against · 0% of mutual funds and other big investors said no
4
To re-appoint of Mr. Ramesh Agrawal (DIN: 09195375) as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
6.15 L votes for, 77 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 66.7% between them · as of 2026-09-30
SHETH SHALIN RAHULKUMAR60.29%
REJAL SHALIN SHETH5.74%
RUTVI SHALIN SHETH0.68%
Business done with them
FY2026 · 2 of the group
The company paid ₹4 cr to companies in the promoter group last year — about 0.6% of its ₹715 cr revenue.
SHALIN RAHULKUMAR SHETH
Other payments to them · Salary, Rent, Dividend, Loan received
also owns 60.29% of the company
₹3 cr
company paid
REJAL SHALIN SHETH
Other payments to them · Salary, Rent and Dividend
also owns 5.74% of the company
₹1 cr
company paid
REJAL SHALIN SHETH
Leases As Lessor · Salary, Rent and Dividend
also owns 5.74% of the company
₹1.2 L
company received
SHALIN RAHULKUMAR SHETH
Leases As Lessor · Salary, Rent, Dividend, Loan received
also owns 60.29% of the company
₹1.2 L
company received

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹24 cr raised in Sep 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 64% of what it set aside.

Working Capital Requirements
17%
of what was set aside
Capital Investment in Plant and Machinery
budget changed
100%
of what was set aside
To Meet investment in subsidiary to mitigate any business prospects and
budget changed
100%
of what was set aside
General corporate purpose
0%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹82 cr raised in Jul 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 65% of what it set aside.

Working Capital Requirements
budget changed
100%
of what was set aside
Capital Investment in Plant and Machinery
22%
of what was set aside
To Meet investment in subsidiary to mitigate any business prospects and
budget changed
100%
of what was set aside
General corporate purpose
78%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.