Advait Infratech Ltd
Advait Infratech Ltd is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also it operates with various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products, etc [1]
- Market Cap ₹ 1,795 Cr.
- Current Price ₹ 1,758
- High / Low ₹ 1,950 / 323
- Stock P/E 82.0
- Book Value ₹ 72.0
- Dividend Yield 0.00 %
- ROCE 37.9 %
- ROE 37.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 57.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
- Debtor days have improved from 126 to 75.3 days.
Cons
- Stock is trading at 24.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 37.1 days to 66.3 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 28 | 45 | 66 | 79 | 103 | 209 | |
| 24 | 40 | 61 | 68 | 86 | 173 | |
| Operating Profit | 4 | 4 | 5 | 10 | 17 | 36 |
| OPM % | 14% | 10% | 7% | 13% | 16% | 17% |
| 0 | 2 | 2 | 1 | 2 | 3 | |
| Interest | 0 | 1 | 1 | 1 | 3 | 7 |
| Depreciation | 0 | 2 | 2 | 2 | 4 | 3 |
| Profit before tax | 4 | 3 | 4 | 9 | 12 | 29 |
| Tax % | 42% | 79% | -30% | 40% | 29% | 26% |
| 2 | 1 | 5 | 5 | 8 | 22 | |
| EPS in Rs | 2.80 | 0.72 | 4.68 | 5.22 | 7.96 | 21.45 |
| Dividend Payout % | 0% | 104% | 11% | 10% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 47% |
| TTM: | 103% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 57% |
| 3 Years: | 70% |
| TTM: | 168% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 290% |
| 1 Year: | 404% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 27% |
| Last Year: | 38% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 5 | 5 | 10 | 10 |
| Reserves | 15 | 16 | 25 | 30 | 33 | 63 |
| 6 | 10 | 8 | 9 | 15 | 59 | |
| 20 | 22 | 28 | 37 | 57 | 67 | |
| Total Liabilities | 44 | 52 | 65 | 81 | 115 | 199 |
| 19 | 18 | 15 | 15 | 29 | 42 | |
| CWIP | 0 | 0 | 0 | 13 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 |
| 25 | 34 | 50 | 53 | 86 | 155 | |
| Total Assets | 44 | 52 | 65 | 81 | 115 | 199 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 3 | 1 | -0 | 12 | 12 | -10 | |
| -12 | -0 | 1 | -14 | -6 | -8 | |
| 9 | 1 | 5 | -2 | 2 | 44 | |
| Net Cash Flow | -0 | 2 | 6 | -4 | 8 | 25 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 185 | 99 | 113 | 135 | 167 | 75 |
| Inventory Days | 29 | 68 | 47 | 50 | 69 | 68 |
| Days Payable | 316 | 253 | 180 | 211 | 251 | 166 |
| Cash Conversion Cycle | -102 | -86 | -20 | -25 | -15 | -22 |
| Working Capital Days | 40 | 19 | 42 | 21 | 24 | 66 |
| ROCE % | 13% | 13% | 24% | 28% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
27 Jun - Of Resignation of Internal Auditor of the Company
- Voting Results Of The EGM Of The Company Held On 21St June, 2024 21 Jun
- Shareholder Meeting / Postal Ballot-Outcome of EGM 21 Jun
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 13 Jun
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 13 Jun
Products & Services
Manufactured Products: Aluminium Clad Steel Wires, Emergency Restoration System, Stringing tools, OPGW and Optical Fibre Cables.
Traded products: Insulators, Earthing Solutions, Towers, Bird Diverters, GIS substation, Carbon Core Conductors.
Services: Live Line OPGW Installation, trading end to end, Liaising, Marketing and Transportation, Optical Fibre and FOTE.
The company has expanded its product portfolio by manufacturing OPGW (Optical Fibre Ground Wire) and OFC Cables. [1]
Revenue Mix
Sale of goods: 76% in FY21 82% in FY20
Supply of Service: 24% in FY21 vs 18% in FY20 [2]
Clients
The clients of the co. are in Central and States Transmission Companies, major EPC companies of India and Overseas, Private Power/Transmission Utilities etc. [3]
JV
Advait Infratech Ltd has made a joint venture agreement with the Council of Scientific and Industrial Research (CSIR), New Delhi for the transfer of CSIR-SERC technology on the “Emergency Retrieval System”. [4]
Expansion
The co. was approved for setting up a new manufacturing plant for power transmission lines. The outlay of the project is approved for Rs. 2 crores and the start of production is expected from June 2021. [5]
The co. is also planning to set up a new factory for Stringing Tools, Joint Box and ERS Manufacturing and assembly utility, the plant will produce Tools, Joint Box Locally. [4]
Loan
Advait Infratech Ltd has executed a Loan Agreement in November 2021 with the State Bank of India for availing Fund Based & Non-Fund Based Credit Facility, the fund will be used for establishing a new plant for ACS. [6]
Listing of Equity shares in FY21
The Co came up with an initial public issue of 13.5 lac equity shares of Rs. 51 each aggregating to the total of Rs. 6.88 Cr and the shares of the company have been listed on the SME platform of BSE on 28th September 2020. [4]