ADVAIT

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Advait Energy Transitions Limited

Capital GoodsOther Electrical EquipmentSmall capSlim edge

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The storyPower transmission orders

The story is the soaring order book, up 97% YoY, though momentum just picked up with a strong print. Fairly priced, so the market already sees it.

Overall read

7.5/10

Quality at a fair price

Riding themesTransmission & grid capex

The three reads · this quarter

The standing reads · change less often

Moat

Slim edge

Niche PTS niche products with some barriers but limited scale and high competition in NRE

Key variables

5 tracked

lead: Order book composition (PTS vs NRE mix)

NRE share has declined significantly from 34% to 16%, indicating a shift towards PTS orders, possibly due to selective bidding and slower NRE order wins.

Walk the talk

Not enough data

as of Q4 FY26

ADVAIT

Track this name

Advait Energy Transitions Limited

Capital GoodsOther Electrical EquipmentSmall cap

Track this name

The storyPower transmission orders

The story is the soaring order book, up 97% YoY, though momentum just picked up with a strong print. Fairly priced, so the market already sees it.

Overall read

7.5/10

Quality at a fair price

The three reads · this quarter

ADVAIT

Track this name

Advait Energy Transitions Limited

Capital GoodsOther Electrical EquipmentSmall capSlim edge

Track this name

The storyPower transmission orders

The story is the soaring order book, up 97% YoY, though momentum just picked up with a strong print. Fairly priced, so the market already sees it.

Overall read

7.5/10

Quality at a fair price

Where it sits

#2/146TOP 1%

Where it sits

The three reads · this quarter

Moat

Slim edge

Niche PTS niche products with some barriers but limited scale and high competition in NRE

Key variables

5 tracked

lead: Order book composition (PTS vs NRE mix)

NRE share has declined significantly from 34% to 16%, indicating a shift towards PTS orders, possibly due to selective bidding and slower NRE order wins.

Walk the talk

Not enough data

as of Q4 FY26

Growth readExceptionalbase 40-45% · Rank 3/100

Order book at INR 1,330 Cr (Q1 FY27), up 97% YoY, with 71% PTS and 29% NRE.

bear <30%base 40-45%bull >50%

5.8FAIR

Valuation readFairly valuedpriced 2 days ago

In line with its own history, and the price assumes growth below our base case.

P/E vs own history · in-lineEV/EBITDA vs own history · in-line