India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,320 Shalin Sheth & family ₹1,700 Cr
Market Cap
₹2,036 Cr
ADVAIT · NSE
Share Price
₹1,893.50
+1.84% today
Revenue
₹715 Cr
FY 2025-26 · +79.0% YoY
EBITDA
₹83.78 Cr
Margin 11.7%
Net Profit
₹51.72 Cr
FY 2025-26 · +66.7% YoY
P/E (TTM)
31.3x
P/B 6.8x
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹10.95 Cr
Issued & subscribed
About Advait Energy Transitions Limited
Data last updated:
Advait Energy Transitions Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 15 March 2010 and has been in existence for over 16 years.
Its director Shalin Sheth and family are #1,320 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45201GJ2010PLC059878. Its GSTIN is 24AAICA2840D1Z6 (Gujarat). The company holds 6 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543230 and NSE: ADVAIT.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.95 Cr. It was formerly known as Advait Infratech Private Limited. It is led by directors including Shalin Rahulkumar Sheth (Managing Director) and Rejal Shalin Sheth (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹714.52 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹51.72 Cr (net margin 7.2%) and EBITDA of ₹83.78 Cr (EBITDA margin 11.7%). The net worth stands at ₹278.12 Cr (up 37.4% YoY). Total assets are valued at ₹429.75 Cr (up 49.1% YoY).
The company has about 166 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Advait Infratech. As per MCA filings, the company has open charges of ₹800.97 Cr and satisfied charges of ₹197.02 Cr on record. The company has 12 deals on record (9 market trades, 2 secondary share transfers, 1 ipo); the latest was in June 2025. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 271 overdue payments to 55 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website advaitinfra.com.
Company details
CIN L45201GJ2010PLC059878
Registration Number 059878
Incorporation Date 15 March 2010
ROC Ahmedabad
Listing Status Listed - Listed on NSE (ADVAIT); Listed on BSE (543230)
Company Status Active
Compliance Status Active Compliant
Udyam Registration UDYAM-GJ-01-0011249
Enterprise Type Medium
CIN history
Advait Energy Transitions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45201GJ2010PLC059878, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45201GJ2010PLC059878 | Current |
| U45201GJ2010PLC059878 | Previous |
| U45201GJ2010PTC059878 | Previous |
Key People
Shalin Rahulkumar Sheth Managing Director Rejal Shalin Sheth Whole-Time Director Bajrangprasad Naharmal Maheshwari Director Recognitions & Rankings of Advait Energy Transitions
Contact details
Advait Energy Transitions Limited's registered office is in Ahmedabad, Gujarat. Its website is advaitinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKifs Corporate House 1st Floor Iskcon Ambli Road, Beside Hotel Planet Landmark Near Ashok Vatika, Ahmedabad, Gujarat, India – 380058
- IndustryEnvironment, Clean Energy Solutions
To see the full contact details of Advait Energy Transitions Limited, buy the company report.
Comprehensive company report
Advait Energy Transitions Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Advait Energy Transitions operates one associated brand: Advait Infratech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of installation and maintenance services of power grids | advaitinfra.com |
Business activity
The main business activity of Advait Energy Transitions is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Advait Energy Transitions Limited, buy the company report.
Financials of Advait Energy Transitions Limited
FY 2025-26 filings availableAdvait Energy Transitions Limited reported revenue of ₹714.52 Cr (up 79% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹715 Cr
+79.0% YoY
EBITDA
₹83.78 Cr
+62.1% YoY
Profit After Tax
₹51.72 Cr
+66.7% YoY
Net Worth
₹278 Cr
+37.4% YoY
Total Assets
₹430 Cr
+49.1% YoY
Total Debt
₹128 Cr
+80.2% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 715 | 399 | 209 | 104 | 78.66 | 65.71 | 44.52 |
| Revenue growth | +79.0% | +91.1% | +100.5% | +32.5% | +19.7% | +47.6% | - |
| EBITDA | 83.78 | 51.67 | 36.17 | 16.62 | 10.49 | 4.68 | 4.28 |
| EBITDA margin | +11.7% | +13.0% | +17.3% | +16.0% | +13.3% | +7.1% | +9.6% |
| Profit before tax | 77.87 | 44.68 | 29.47 | 11.99 | 8.79 | 3.67 | 2.56 |
| Net profit | 51.72 | 31.03 | 21.82 | 8.46 | 5.25 | 4.46 | 0.47 |
| Net profit margin | +7.2% | +7.8% | +10.5% | +8.1% | +6.7% | +6.8% | +1.1% |
| EPS (₹) | 47.36 | 28.61 | 21.45 | 8.27 | 10.43 | 9.36 | 1.44 |
| Balance sheet | |||||||
| Total assets | 430 | 288 | 142 | 68.55 | 46.09 | 40.30 | 29.60 |
| Net worth | 278 | 202 | 73.44 | 45.84 | 35.14 | 30.24 | 19.37 |
| Total debt | 128 | 71.07 | 59.17 | 15.18 | 8.51 | 7.53 | 9.89 |
| Cash & bank | 116 | 90.42 | 44.00 | 17.99 | 10.49 | 14.17 | 8.52 |
| Net working capital | 200 | 138 | 80.86 | 17.46 | 16.79 | 22.60 | 12.46 |
| Cash flow | |||||||
| Cash from operations | (9.68) | 45.59 | (9.37) | 12.75 | 11.60 | (0.42) | 1.41 |
| Cash from investing | (33.33) | (63.11) | (8.22) | (7.23) | (13.64) | 0.84 | (0.44) |
| Cash from financing | 68.51 | 63.93 | 43.60 | 2.60 | (1.64) | 5.24 | 0.98 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 179 | 228 | 211 | 157 | 118 | 193 | 98.41 | 46.23 |
| Revenue growth (YoY) | +51.4% | +18.0% | +114.4% | +239.3% | +98.5% | - | - | - |
| Other income | 1.63 | 3.20 | 4.59 | 2.09 | 2.62 | 3.42 | 2.00 | 0.98 |
| EBITDA | 24.77 | 28.79 | 24.16 | 17.32 | 13.74 | 19.28 | 15.24 | 8.52 |
| EBITDA margin | +13.8% | +12.6% | +11.4% | +11.0% | +11.6% | +10.0% | +15.5% | +18.4% |
| Depreciation | 0.96 | 0.96 | 0.91 | 0.81 | 0.86 | 0.69 | 0.73 | 0.66 |
| Interest | 4.52 | 4.09 | 4.27 | 3.54 | 2.68 | 3.57 | 2.40 | 2.78 |
| Profit before tax | 20.92 | 26.94 | 23.57 | 15.06 | 12.82 | 18.44 | 14.11 | 6.06 |
| Tax | 5.30 | 6.98 | 5.57 | 4.12 | 3.13 | 5.55 | 3.70 | 1.55 |
| Net profit | 15.62 | 19.96 | 18.00 | 10.94 | 9.69 | 12.89 | 10.41 | 4.51 |
| EPS (₹) | 12.68 | 16.13 | 15.17 | 9.63 | 7.65 | 10.59 | 9.17 | 3.83 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 448 | 295 | 207 | 103 | 72.00 | 58.08 | 40.30 |
| Revenue growth | +51.5% | +42.4% | +101.3% | +43.2% | +24.0% | +44.1% | - |
| EBITDA | 70.62 | 47.82 | 34.62 | 17.36 | 9.66 | 6.43 | 5.29 |
| EBITDA margin | +15.8% | +16.2% | +16.7% | +16.8% | +13.4% | +11.1% | +13.1% |
| Profit before tax | 62.41 | 42.98 | 28.77 | 13.54 | 9.61 | 6.57 | 6.04 |
| Net profit | 46.27 | 31.55 | 21.28 | 10.01 | 7.06 | 4.83 | 4.17 |
| Net profit margin | +10.3% | +10.7% | +10.3% | +9.7% | +9.8% | +8.3% | +10.4% |
| EPS (₹) | 42.34 | 29.11 | 20.92 | 9.80 | 13.98 | 9.46 | 11.71 |
| Balance sheet | |||||||
| Total assets | 399 | 278 | 119 | 71.10 | 48.23 | 35.34 | 26.65 |
| Net worth | 261 | 199 | 74.46 | 52.03 | 41.43 | 34.72 | 23.94 |
| Total debt | 127 | 69.51 | 38.00 | 13.39 | 6.35 | 0.22 | 2.36 |
| Cash & bank | 110 | 89.06 | 22.02 | 17.99 | 9.40 | 12.10 | 7.88 |
| Net working capital | 177 | 126 | 62.42 | 23.99 | 21.09 | 22.22 | 13.33 |
| Cash flow | |||||||
| Cash from operations | 5.83 | 49.76 | (7.60) | 12.49 | 6.86 | (0.79) | 2.08 |
| Cash from investing | (59.92) | (72.95) | (6.88) | (7.23) | (13.59) | 0.50 | 0.24 |
| Cash from financing | 75.46 | 90.23 | 18.50 | 3.13 | 4.03 | 4.51 | (0.34) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 154 | 125 | 95.46 | 73.46 | 95.38 | 94.36 | 47.59 |
| Revenue growth (YoY) | +76.1% | +61.5% | +32.2% | +100.6% | +26.3% | - | - | - |
| Other income | 1.47 | 2.77 | 1.54 | 2.88 | 2.53 | 4.30 | 1.93 | 0.76 |
| Total expenses | 108 | 131 | 104 | 80.23 | 61.94 | 81.37 | 79.30 | 38.18 |
| EBITDA | 20.90 | 22.99 | 21.09 | 15.23 | 11.52 | 14.01 | 15.06 | 9.41 |
| EBITDA margin | +16.2% | +14.9% | +16.9% | +16.0% | +15.7% | +14.7% | +16.0% | +19.8% |
| Depreciation | 0.95 | 0.94 | 0.90 | 0.80 | 0.85 | 0.64 | 0.68 | 0.61 |
| Interest | 4.47 | 3.98 | 4.60 | 3.44 | 2.63 | 3.51 | 2.21 | 2.44 |
| Profit before tax | 16.95 | 20.84 | 17.13 | 13.87 | 10.57 | 14.16 | 14.10 | 7.12 |
| Tax | 4.32 | 5.41 | 4.62 | 3.57 | 2.56 | 4.46 | 3.72 | 1.53 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 14 Nov 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 179 | 228 | 211 | 157 | 118 | 193 | 98.41 | 46.23 |
| Revenue growth (YoY) | +51.4% | +18.0% | +114.4% | +239.3% | +98.5% | - | - | - |
| Other income | 1.63 | 3.20 | 4.59 | 2.09 | 2.62 | 3.42 | 2.00 | 0.98 |
| EBITDA | 24.77 | 28.79 | 24.16 | 17.32 | 13.74 | 19.28 | 15.24 | 8.52 |
| EBITDA margin | +13.8% | +12.6% | +11.4% | +11.0% | +11.6% | +10.0% | +15.5% | +18.4% |
| Depreciation | 0.96 | 0.96 | 0.91 | 0.81 | 0.86 | 0.69 | 0.73 | 0.66 |
| Interest | 4.52 | 4.09 | 4.27 | 3.54 | 2.68 | 3.57 | 2.40 | 2.78 |
| Profit before tax | 20.92 | 26.94 | 23.57 | 15.06 | 12.82 | 18.44 | 14.11 | 6.06 |
| Tax | 5.30 | 6.98 | 5.57 | 4.12 | 3.13 | 5.55 | 3.70 | 1.55 |
| Net profit | 15.62 | 19.96 | 18.00 | 10.94 | 9.69 | 12.89 | 10.41 | 4.51 |
| EPS (₹) | 12.68 | 16.13 | 15.17 | 9.63 | 7.65 | 10.59 | 9.17 | 3.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 715 | 399 | 209 | 104 | 78.66 | 65.71 | 44.52 |
| Revenue growth | +79.0% | +91.1% | +100.5% | +32.5% | +19.7% | +47.6% | - |
| Other income | 12.72 | 7.35 | 2.88 | 1.74 | 1.28 | 2.44 | 1.67 |
| Total expenses | 631 | 347 | 173 | 87.57 | 68.17 | 61.03 | 40.24 |
| Employee cost | 0.00 | 12.79 | 9.69 | 4.93 | 3.98 | 3.21 | 2.50 |
| EBITDA | 83.78 | 51.67 | 36.17 | 16.62 | 10.49 | 4.68 | 4.28 |
| EBITDA margin | +11.7% | +13.0% | +17.3% | +16.0% | +13.3% | +7.1% | +9.6% |
| Depreciation | 3.54 | 3.48 | 2.64 | 3.69 | 1.80 | 2.05 | 2.09 |
| Interest | 15.09 | 10.86 | 6.94 | 2.68 | 1.18 | 1.40 | 1.30 |
| Profit before tax | 77.87 | 44.68 | 29.47 | 11.99 | 8.79 | 3.67 | 2.56 |
| Tax | 19.79 | 12.62 | 7.58 | 3.53 | 3.48 | (1.10) | 2.02 |
| Net profit | 51.72 | 31.03 | 21.82 | 8.46 | 5.25 | 4.46 | 0.47 |
| Net profit margin | +7.2% | +7.8% | +10.5% | +8.1% | +6.7% | +6.8% | +1.1% |
| EPS (₹) | 47.36 | 28.61 | 21.45 | 8.27 | 10.43 | 9.36 | 1.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.94 | 10.82 | 10.20 | 10.20 | 5.10 | 5.10 | 3.75 |
| Reserves & surplus | 267 | 186 | 63.24 | 35.64 | 30.04 | 25.14 | 15.62 |
| Shareholders' funds (net worth) | 278 | 202 | 73.44 | 45.84 | 35.14 | 30.24 | 19.37 |
| Minority interest | 12.83 | 5.64 | 1.44 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 121 | 63.58 | 52.52 | 11.18 | 8.51 | 4.89 | 5.45 |
| Unsecured loans | 7.45 | 7.49 | 6.65 | 4.00 | 0.00 | 2.64 | 4.44 |
| Total debt | 128 | 71.07 | 59.17 | 15.18 | 8.51 | 7.53 | 9.89 |
| Total liabilities | 430 | 288 | 142 | 68.55 | 46.09 | 40.30 | 29.60 |
| Assets | |||||||
| Gross block | 82.13 | 42.76 | 48.71 | 39.68 | 21.44 | 20.38 | 17.54 |
| Net block | 73.23 | 37.28 | 41.53 | 35.07 | 14.97 | 15.33 | 17.54 |
| Capital work in progress | 71.11 | 1.78 | 1.07 | 1.06 | 12.84 | 0.00 | 0.00 |
| Investments | 30.66 | 89.26 | 1.22 | 0.03 | 0.10 | 0.10 | 0.20 |
| Inventories | 59.13 | 13.78 | 19.95 | 13.23 | 7.49 | 6.34 | 5.39 |
| Sundry debtors | 148 | 187 | 43.09 | 30.03 | 29.14 | 20.36 | 12.09 |
| Cash & bank balances | 116 | 90.42 | 44.00 | 17.99 | 10.49 | 14.17 | 8.52 |
| Loans & advances | 113 | 34.75 | 29.83 | 3.15 | 4.22 | 6.84 | 7.74 |
| Total current assets | 436 | 326 | 137 | 64.40 | 51.34 | 47.71 | 33.74 |
| Total current liabilities | 236 | 188 | 56.01 | 46.94 | 34.55 | 25.11 | 21.28 |
| Net working capital | 200 | 138 | 80.86 | 17.46 | 16.79 | 22.60 | 12.46 |
| Total assets | 430 | 288 | 142 | 68.55 | 46.09 | 40.30 | 29.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 90.42 | 44.00 | 17.99 | 9.87 | 14.17 | 8.52 | 6.57 |
| Net cash from operating activities | (9.68) | 45.59 | (9.37) | 12.75 | 11.60 | (0.42) | 1.41 |
| Net cash from investing activities | (33.33) | (63.11) | (8.22) | (7.23) | (13.64) | 0.84 | (0.44) |
| Net cash from financing activities | 68.51 | 63.93 | 43.60 | 2.60 | (1.64) | 5.24 | 0.98 |
| Net change in cash | 25.49 | 46.42 | 26.01 | 8.12 | (3.68) | 5.66 | 1.95 |
| Closing cash | 116 | 90.42 | 44.00 | 17.99 | 10.49 | 14.17 | 8.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +79.0% | +91.1% | +100.5% | +32.5% | +19.7% | +47.6% | - |
| EBITDA growth | +62.1% | +42.9% | +117.6% | +58.4% | +124.2% | +9.4% | - |
| PBT growth | +74.3% | +51.6% | +145.8% | +36.4% | +139.5% | +43.4% | -29.5% |
| Net income growth | +66.7% | +42.2% | +157.9% | +61.1% | +17.7% | +848.9% | - |
| Revenue CAGR (3Y) | +90.0% | +71.8% | +47.0% | +32.8% | +41.0% | - | - |
| EBITDA CAGR (3Y) | +71.5% | +70.2% | +97.7% | +57.2% | +41.8% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +8.1% | +8.0% | +10.5% | +8.1% | +6.8% | +7.3% | +1.2% |
| Return on capital employed | - | +26.1% | +34.8% | +25.6% | +23.1% | +12.8% | +12.2% |
| Return on net worth | - | +23.2% | +36.7% | +20.8% | +16.3% | +18.0% | +2.5% |
| Debt / equity | - | 0.48 | 0.62 | 0.29 | 0.25 | 0.35 | 0.41 |
| Long-term debt / equity | - | 0.17 | 0.13 | 0.16 | 0.18 | 0.22 | 0.32 |
| Interest cover | 18.81 | 22.54 | 20.70 | 20.73 | 13.58 | 53.23 | 59.36 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 7.25 | 4.73 | 3.41 | 3.76 | 3.47 | 2.39 |
| Inventory turnover | - | 22.42 | 12.59 | 10.06 | 11.38 | 11.20 | 13.11 |
| Debtors turnover | - | 3.44 | 5.71 | 3.52 | 3.18 | 4.05 | 3.39 |
| EPS (₹) | 47.36 | 28.61 | 21.45 | 8.27 | 10.43 | 9.36 | 1.44 |
| Dividend per share (₹) | 2.00 | 1.75 | 1.50 | 0.00 | 1.00 | 1.00 | 1.50 |
| Book value per share (₹) | 0.00 | 182.03 | 72.00 | 44.94 | 68.91 | 59.30 | 51.65 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 154 | 125 | 95.46 | 73.46 | 95.38 | 94.36 | 47.59 |
| Revenue growth (YoY) | +76.1% | +61.5% | +32.2% | +100.6% | +26.3% | - | - | - |
| Other income | 1.47 | 2.77 | 1.54 | 2.88 | 2.53 | 4.30 | 1.93 | 0.76 |
| Total expenses | 108 | 131 | 104 | 80.23 | 61.94 | 81.37 | 79.30 | 38.18 |
| EBITDA | 20.90 | 22.99 | 21.09 | 15.23 | 11.52 | 14.01 | 15.06 | 9.41 |
| EBITDA margin | +16.2% | +14.9% | +16.9% | +16.0% | +15.7% | +14.7% | +16.0% | +19.8% |
| Depreciation | 0.95 | 0.94 | 0.90 | 0.80 | 0.85 | 0.64 | 0.68 | 0.61 |
| Interest | 4.47 | 3.98 | 4.60 | 3.44 | 2.63 | 3.51 | 2.21 | 2.44 |
| Profit before tax | 16.95 | 20.84 | 17.13 | 13.87 | 10.57 | 14.16 | 14.10 | 7.12 |
| Tax | 4.32 | 5.41 | 4.62 | 3.57 | 2.56 | 4.46 | 3.72 | 1.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 448 | 295 | 207 | 103 | 72.00 | 58.08 | 40.30 |
| Revenue growth | +51.5% | +42.4% | +101.3% | +43.2% | +24.0% | +44.1% | - |
| Other income | 9.94 | 7.36 | 2.48 | 1.54 | 1.05 | 0.90 | 1.62 |
| Total expenses | 377 | 248 | 173 | 85.71 | 62.34 | 51.65 | 35.01 |
| Employee cost | 0.00 | 11.10 | 7.98 | 4.34 | 3.44 | 2.72 | 2.21 |
| EBITDA | 70.62 | 47.82 | 34.62 | 17.36 | 9.66 | 6.43 | 5.29 |
| EBITDA margin | +15.8% | +16.2% | +16.7% | +16.8% | +13.4% | +11.1% | +13.1% |
| Depreciation | 3.49 | 2.52 | 1.75 | 2.87 | 0.28 | 0.24 | 0.32 |
| Interest | 14.66 | 9.68 | 6.58 | 2.49 | 0.82 | 0.52 | 0.55 |
| Profit before tax | 62.41 | 42.98 | 28.77 | 13.54 | 9.61 | 6.57 | 6.04 |
| Tax | 16.17 | 11.50 | 7.42 | 3.53 | 2.47 | 1.75 | 1.64 |
| Net profit | 46.27 | 31.55 | 21.28 | 10.01 | 7.06 | 4.83 | 4.17 |
| Net profit margin | +10.3% | +10.7% | +10.3% | +9.7% | +9.8% | +8.3% | +10.4% |
| EPS (₹) | 42.34 | 29.11 | 20.92 | 9.80 | 13.98 | 9.46 | 11.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.94 | 10.82 | 10.20 | 10.20 | 5.10 | 5.10 | 3.75 |
| Reserves & surplus | 250 | 183 | 64.26 | 41.83 | 36.33 | 29.62 | 20.19 |
| Shareholders' funds (net worth) | 261 | 199 | 74.46 | 52.03 | 41.43 | 34.72 | 23.94 |
| Secured loans | 120 | 62.12 | 35.50 | 9.54 | 6.35 | 0.23 | 0.24 |
| Unsecured loans | 7.25 | 7.39 | 2.50 | 3.85 | 0.00 | (0.01) | 2.12 |
| Total debt | 127 | 69.51 | 38.00 | 13.39 | 6.35 | 0.22 | 2.36 |
| Total liabilities | 399 | 278 | 119 | 71.10 | 48.23 | 35.34 | 26.65 |
| Assets | |||||||
| Gross block | 67.04 | 42.46 | 29.97 | 22.61 | 4.32 | 3.35 | 3.25 |
| Net block | 58.23 | 37.02 | 26.98 | 21.31 | 3.06 | 2.00 | 2.14 |
| Capital work in progress | 52.84 | 1.78 | 1.07 | 1.06 | 12.84 | 0.00 | 0.00 |
| Investments | 63.53 | 77.83 | 12.05 | 10.85 | 10.91 | 10.91 | 11.01 |
| Inventories | 19.60 | 12.22 | 17.91 | 11.04 | 6.01 | 3.35 | 1.99 |
| Sundry debtors | 131 | 78.33 | 39.88 | 27.82 | 25.44 | 18.24 | 10.31 |
| Cash & bank balances | 110 | 89.06 | 22.02 | 17.99 | 9.40 | 12.10 | 7.88 |
| Loans & advances | 95.48 | 33.67 | 27.82 | 1.70 | 3.05 | 4.22 | 7.23 |
| Total current assets | 356 | 213 | 108 | 58.55 | 43.90 | 37.91 | 27.41 |
| Total current liabilities | 180 | 87.45 | 45.21 | 34.56 | 22.81 | 15.69 | 14.08 |
| Net working capital | 177 | 126 | 62.42 | 23.99 | 21.09 | 22.22 | 13.33 |
| Total assets | 399 | 278 | 119 | 71.10 | 48.23 | 35.34 | 26.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 89.06 | 22.02 | 17.99 | 9.59 | 12.10 | 7.88 | 5.90 |
| Net cash from operating activities | 5.83 | 49.76 | (7.60) | 12.49 | 6.86 | (0.79) | 2.08 |
| Net cash from investing activities | (59.92) | (72.95) | (6.88) | (7.23) | (13.59) | 0.50 | 0.24 |
| Net cash from financing activities | 75.46 | 90.23 | 18.50 | 3.13 | 4.03 | 4.51 | (0.34) |
| Net change in cash | 21.37 | 67.04 | 4.03 | 8.40 | (2.69) | 4.22 | 1.98 |
| Closing cash | 110 | 89.06 | 22.02 | 17.99 | 9.40 | 12.10 | 7.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +51.5% | +42.4% | +101.3% | +43.2% | +24.0% | +44.1% | - |
| EBITDA growth | +47.7% | +38.1% | +99.4% | +79.7% | +50.2% | +21.6% | - |
| PBT growth | +45.2% | +49.4% | +112.5% | +40.9% | +46.3% | +8.8% | +55.3% |
| Net income growth | +46.7% | +48.3% | +112.6% | +41.8% | +46.2% | +15.8% | - |
| Revenue CAGR (3Y) | +63.2% | +60.1% | +52.9% | +36.8% | +36.9% | +10.2% | +11.9% |
| EBITDA CAGR (3Y) | +59.6% | +70.4% | +75.3% | +48.6% | +36.4% | -3.3% | -3.8% |
| Profitability & leverage | |||||||
| Net income margin | +10.3% | +10.7% | +10.3% | +9.7% | +9.9% | +8.3% | +10.9% |
| Return on capital employed | - | +26.5% | +37.2% | +26.9% | +24.9% | +22.9% | +26.0% |
| Return on net worth | - | +23.0% | +33.7% | +21.4% | +18.7% | +16.4% | +20.2% |
| Debt / equity | - | 0.39 | 0.41 | 0.21 | 0.09 | 0.04 | 0.08 |
| Long-term debt / equity | - | 0.16 | 0.09 | 0.11 | 0.07 | 0.02 | 0.04 |
| Interest cover | 21.84 | 21.37 | 20.02 | 17.18 | 8.74 | 8.40 | 11.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 8.16 | 7.89 | 7.65 | 18.77 | 17.60 | 12.67 |
| Inventory turnover | - | 19.61 | 14.33 | 12.09 | 15.38 | 21.75 | 30.07 |
| Debtors turnover | - | 5.00 | 6.13 | 3.87 | 3.30 | 4.07 | 3.92 |
| EPS (₹) | 42.34 | 29.11 | 20.92 | 9.80 | 13.98 | 9.46 | 11.71 |
| Dividend per share (₹) | 2.00 | 1.75 | 1.50 | 0.00 | 1.00 | 1.00 | 1.50 |
| Book value per share (₹) | 0.00 | 179.24 | 73.00 | 51.01 | 81.24 | 68.08 | 63.84 |
To see the full year-wise statements and ratios of Advait Energy Transitions Limited, buy the company report.
Board of directors of Advait Energy Transitions Limited
Advait Energy Transitions has 7 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalin Rahulkumar Sheth | Managing Director | 15 Mar 2010 | 16 Years 7 Months | Current |
| Rejal Shalin Sheth | Whole-Time Director | 15 Mar 2010 | 16 Years 7 Months | Current |
| Bajrangprasad Naharmal Maheshwari | Director | 01 Aug 2019 | 7 Years 3 Months | Current |
| Ramesh Kumar Agrawal Also directs: Advait Greenergy Private Limited, Mangalam Global Enterprise Limited, Century Tradeserve Limited and 2 more | Director | 24 Sep 2021 | 5 Years 1 Months | Current |
| Dinesh Babulal Patel | Director | 07 Sep 2019 | 7 Years 2 Months | Current |
| Tejpalsingh Jagatsingh Bisht Also directs: KP Green Engineering Limited, Kpi Green Energy Limited | Director | 05 Aug 2025 | 1 Years 3 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Advait Energy Transitions Limited is audited by V. Goswami & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Goswami & Co | FY 2025 | 128769W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.50%, foreign institutional investors hold 0.70%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 32.80%.
Sep 2026
QUARTER
66.50% Promoters
0.70% FII (Foreign Institutional)
32.80% Retail & Others
Promoter holding - history
Now 66.50% · Sep 2026High 66.80% · Dec 2025Low 66.50% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.50% | 66.80% | 66.80% | 66.80% |
| Public | 33.50% | 33.20% | 33.20% | 33.20% |
Charges & borrowings
Open charges
₹800.97 Cr
Satisfied charges
₹197.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2026 | 101360322 | Sbicap Trustee Company Limited | ₹9.69 Cr | Open | |
| 14 May 2026 | 101312085 | Sbicap Trustee Company Limited | ₹406.5 Cr | Open | |
| 06 Dec 2025 | 101200865 | Others | ₹12 Cr | Open | |
| 15 Oct 2025 | 101176097 | Others | ₹75 Cr | Open | |
| 29 Sep 2025 | 101199829 | Others | ₹1.3 Cr | Open |
To see the full charge records of Advait Energy Transitions Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Advait Energy Transitions Limited has 12 deals on record (9 market trades, 2 secondary share transfers, 1 ipo); the latest was in June 2025.
Total deals
12
Market trades
9
Secondary share transfers
2
IPO
1
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Market trade | ₹17.25 Cr | Buyer: Kedia Securities Pvt Ltd |
| Aug 2022 | Market trade | ₹2.36 Cr | Seller: Shambdaji Trading Private Limited |
| Jul 2021 | Market trade | ₹18.7 Lakh | Buyer: Shambdaji Trading Private Limited |
| Jul 2021 | Market trade | ₹17 Lakh | Buyer: Shambdaji Trading Private Limited |
| Jul 2021 | Market trade | ₹18.6 Lakh | Buyer: Shambdaji Trading Private Limited |
To see the full deal history of Advait Energy Transitions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Advait Energy Transitions Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Advait Energy Transitions Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 271 overdue payments to 55 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 55)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Peb Infratech | |||
| Assomac Machines Limited. | |||
| an individual supplier | |||
| Jetco Industries | |||
| an individual supplier |
To see the full MSME payment records of Advait Energy Transitions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Advait Energy Transitions has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
3
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| A&G Hydrogen Technologies Private Limited | U28130GJ2024PTC153823 | |
| Advait Transmission Tools Private Limited | U28223GJ2025PTC158709 | |
| Advait Greenergy Private Limited | U35105GJ2023PTC142584 |
To see the full group structure of Advait Energy Transitions Limited, buy the company report.
Employees & EPFO
Advait Energy Transitions Limited has a workforce of 166 employees on its EPFO records as of May 2026.
Employee count
166
Employee growth
43.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 166 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Advait Energy Transitions Limited, buy the company report.
GST
Advait Energy Transitions has 6 GST registrations: 3 active and 3 cancelled or inactive.
Total GSTINs
6
Active
3
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICA2840D1Z6 | Gujarat | Active | 01 Jul 2017 |
| 36AAICA2840D1Z1 | Telangana | Active | 07 Sep 2022 |
| 09AAICA2840D1ZY | Uttar Pradesh | Active | 20 May 2023 |
To see the full GST registrations and return filing status of Advait Energy Transitions Limited, buy the company report.
Recent activity
Advait Energy Transitions Limited has 17 board changes on record since 2010: 12 appointments and 5 cessations. The latest: Tejpalsingh Jagatsingh Bisht was appointed as Director on 05 Aug 2025.
Charges
A charge registered on 21 Aug 2024 via Charge ID 100974141 with Axis Bank Limited was fully satisfied on 10 Sep 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 150.00 Cr registered on 04 Jun 2024 with Charge ID 100939474 was modified on 01 Sep 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 9.69 Cr registered on 27 Jul 2026 with Charge ID 101360322 was modified on 30 Jul 2026.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 9.69 Cr with Charge ID 101360322 was registered on 27 Jul 2026.
Charges
A charge registered on 31 Dec 2024 via Charge ID 101038038 with Indian Overseas Bank was fully satisfied on 08 Jul 2026.
Charges
A charge registered on 31 Jan 2025 via Charge ID 101050457 with Others was fully satisfied on 29 May 2026.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 406.50 Cr with Charge ID 101312085 was registered on 14 May 2026.
Charges
A charge with Others of Rs. 30.00 Cr registered on 31 Jan 2025 with Charge ID 101050457 was modified on 23 Apr 2026.
Filing
Advait Energy Transitions Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 12.00 Cr registered on 06 Dec 2025 with Charge ID 101200865 was modified on 04 Feb 2026.
Charges
A charge registered on 10 Mar 2015 via Charge ID 10554429 with Yes Bank Limited was fully satisfied on 19 Dec 2025.
Charges
A charge registered on 20 Feb 2015 via Charge ID 10552989 with Yes Bank Limited was fully satisfied on 19 Dec 2025.
63 earlier events are in the company report.
News
ADVAIT: Q2 REVENUE 2.21B RUPEES VS 1.57B (YOY)
ADVAIT: Q2 CONS NET PROFIT 192M RUPEES VS 105.4M (YOY)
ADVAIT: Q2 EBITDA 319M RUPEES VS 173M (YOY); Q2 EBITDA MARGIN 14.46% VS 11.04% (YOY)
Advait Energy Transitions Limited: Signs Agreement With Hithium For 1 GWh Of LFP Battery Cells, Enhancing 2.5 GWh BESS Assembly Aids Domestic Energy Storage Growth.
Advait Energy Transitions: Will Hold Meeting With Analysts And Investors On September 24
Frequently asked questions
Advait Energy Transitions is an active public limited company based in Ahmedabad, Gujarat, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 15 March 2010 (16+ years old) and is registered under CIN L45201GJ2010PLC059878. Listed on BSE: 543230 and NSE: ADVAIT.
Advait Energy Transitions reported revenue of ₹714.52 Cr for FY 2025-26 (up 79% YoY) based on consolidated financials.
Advait Energy Transitions has 7 current directors:
- Shalin Rahulkumar Sheth - Managing Director
- Rejal Shalin Sheth - Whole-Time Director
- Bajrangprasad Naharmal Maheshwari - Director
- Ramesh Kumar Agrawal - Director
- Dinesh Babulal Patel - Director
- Tejpalsingh Jagatsingh Bisht - Director
- Varsha Biswajit Adhikari - Director
The latest financial statements of Advait Energy Transitions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Advait Energy Transitions is 24AAICA2840D1Z6, registered in Gujarat. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 36AAICA2840D1Z1 (Telangana), 09AAICA2840D1ZY (Uttar Pradesh).
The CIN (Corporate Identification Number) of Advait Energy Transitions is L45201GJ2010PLC059878. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Advait Energy Transitions is a listed company as per MCA records. Its shares are listed on both BSE (code: 543230) and NSE (symbol: ADVAIT).
Advait Energy Transitions was incorporated on 15 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Advait Energy Transitions has 12 deals on record (9 market trades, 2 secondary share transfers, 1 ipo); the latest was in June 2025.
Tejpalsingh Jagatsingh Bisht was appointed as Director on 05 Aug 2025. Pramod Kumar Rai ceased to be Director on 29 Jul 2025. Sujit Gulati ceased to be Director on 01 Feb 2025. Advait Energy Transitions has 17 board changes on record in total.
Advait Energy Transitions has 10 MSME Form 1 returns on record between 2020 and 2024, listing 271 overdue payments to 55 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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