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Advait Energy Transitions

Listed EPC / O&M — per-stock model.

As of 21 Aug 2026
EPC / O&M
CMP 2,086NSE: ADVAIT

Latest concall

Q4 FY26 · 1 Jun 2026
  • Record order book Rs1,304cr, up 159% YoY, giving strong multi-vertical visibility.
  • FY26 revenue Rs714.5cr up 80%; PAT Rs58.1cr; declared Rs2/share dividend.
  • Segments span power transmission (conductors/hardware), BESS, green hydrogen and fuel cells.
  • Pivoting from transmission hardware toward higher-value energy-transition products.
Order-book execution

Rs1,304cr order book is largely executable over the next ~12-18 months, with new-vertical capacity coming on-stream through FY27.

Management guidance
  • FY27 capex Rs300-350cr, including new Dholera manufacturing facility live by Q4 FY27.
  • Building 2.5GWh BESS and 100MW electrolyser manufacturing capacity.
  • Green hydrogen and fuel-cell orders positioned as medium-term growth drivers.

Q4/FY26 earnings call 01-Jun-2026; Yahoo Finance, gurufocus.com transcript, whalesbook, concall.in

Order book

₹1,304cr

Revenue FY26E

715₹ cr

EBITDA margin

12%

P/E

39.6×

Financials

Annual · ₹ crore · E = estimate.

Annual financials

₹ crore · FY25 → FY28E

PeriodRevenueEBITDAEBITDA %PATGross %ROE %ROCE %CapexNet debtEPS ₹WC days
FY1928414.0%22.8
FY2045410.0%10.7
FY216657.0%54.7
FY22791013.0%55.2
FY231041716.0%88.3
FY242093617.0%2221.4
FY253995213.0%3228.6
FY267158412.0%5547.3
Source Market data (mid-2026)· As of 21 Aug 2026

Revenue, EBITDA & margin

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026)· As of 21 Aug 2026

Quarterly

₹ crore · recent quarters.

Quarterly financials

₹ crore

QuarterRevenueEBITDAEBITDA %PATPAT %
Q4FY2341615.0%49.8%
Q1FY2427413.0%13.7%
Q2FY2449918.0%612.2%
Q3FY24731217.0%811.0%
Q4FY24601119.0%711.7%
Q1FY2560813.0%58.3%
Q2FY2546918.0%48.7%
Q3FY25981516.0%1010.2%
Q4FY251931910.0%136.7%
Q1FY261181412.0%97.6%
Q2FY261571711.0%106.4%
Q3FY262112411.0%178.1%
Q4FY262282913.0%198.3%
Source Market data (mid-2026)· As of 21 Aug 2026

Revenue & margin trend

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026)· As of 21 Aug 2026

Valuation

As of 21 Aug 2026

P/E

39.6×

EV / EBITDA

25.1×

P/B

8.2×

Operating & order mix

Unit economics and the order book.

Shareholding

% · as of 31 Mar 2026

Shareholding pattern

%

Source Market data (mid-2026)· As of 21 Aug 2026