Synopsis: Advait Energy Transitions Limited received a ₹19.99 crore order from MSETCL to supply 10 ERS towers, to be executed within six months.
This small-cap stock, engaged in manufacturing battery energy storage systems, power conditioning equipment, and sustainable energy transition solutions for utilities and industries worldwide, jumped 8.51 percent after securing an order worth Rs. 19.99 crore from the Maharashtra State Electricity Transmission Company Limited.
With a market capitalization of Rs. 1,688.20 crores, the share of Advait Energy Transitions Limited has reached an intraday high of Rs. 1,598.15 per equity share, rising nearly 8.51 percent from its previous day’s close price of Rs. 1,472.85. Since then, the stock has retreated and is currently trading at Rs. 1,543.60 per equity share.
Reason Behind the Surge
Advait Energy Transitions Limited has received a new work order from Maharashtra State Electricity Transmission Company Limited in the normal course of business. The order is for supplying an Emergency Restoration System (ERS) that includes 10 towers, consisting of 6 suspension towers and 4 angle towers.
The total value of the order is about Rs. 19.99 crore, including taxes, and it is to be completed within six months. The project strengthens the company’s order book and reflects continued trust from major power sector clients in the company’s technical capabilities.
Order Book
As of September 30, 2025, Advait Energy Transitions Limited maintained a robust order book of Rs. 1,070 crore, marking one of the fastest growth trajectories in its segment. The Power Transmission Solutions division contributed roughly 76 percent of the total order value, while the New and Renewable Energy division made up the remaining 24 percent, highlighting a diversified and balanced business mix.
The company has recorded sharp expansion in its order pipeline, growing from Rs. 386.9 crore in Q2 FY25 to Rs. 757.4 crore in Q1 FY26 and further to Rs. 1,070.2 crore in Q2 FY26, reflecting a strong year-on-year growth of 177 percent.
Over a longer horizon, the order book has scaled up substantially from Rs. 70.9 crore in FY22 to Rs. 503.8 crore in FY25, translating into an impressive CAGR of about 92 percent and providing solid revenue visibility ahead.
Shareholding Pattern
In December 2025, Advait Energy Transitions Limited had a majority stake held by the promoters at 66.80 percent, foreign institutional investors at 0.02 percent, domestic institutional investors at 0.35 percent, and the public at 32.82 percent.
Ace investor Ashish Kacholia owns a 2.06 percent stake in Advait Energy Transitions Limited, holding 2,25,000 shares with an estimated value of about Rs. 32.6 crore.
In addition, Ace investor Vijay Kishanlal Kedia has recently entered the company through Kedia Securities Private Limited with a fresh investment of 1,25,000 shares. This holding represents a 1.14 percent stake and is currently valued at around Rs. 18.2 crore.
Advait Energy Transitions Limited was established in 2009 and is headquartered in Ahmedabad, India. It operates across power transmission, substation infrastructure, and telecommunications segments. The company specializes in manufacturing critical equipment such as stringing tools, ACS wires, OPGW systems, and emergency restoration systems used in high-voltage networks.
Recent Quarter Results
Coming into financial highlights, Advait Energy Transitions Limited’s revenue has increased from Rs. 46 crore in Q2 FY25 to Rs. 157 crore in Q2 FY26, which has grown by 241.30 percent. The net profit has also grown by 175 percent from Rs. 4 crore in Q2 FY25 to Rs. 11 crore in Q2 FY26. Advait Energy Transitions Limited’s revenue and net profit have grown at a CAGR of 54.72 percent and 100 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 26.9 percent and 22.5 percent, respectively. Advait Energy Transitions Limited has an earnings per share (EPS) of Rs. 36.9, and its debt-to-equity ratio is 0.27x.
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