Advait Energy Transitions ADVAIT
Small power-transmission products and EPC company turning into an electrolyser maker - the purest listed SIGHT electrolyser bet
Mapped in 1 theme: Green Hydrogen Mission.
Where Advait Energy Transitions sits in the supply chain
Advait Energy Transitions appears in 1 supply-chain layer in one theme, Green Hydrogen Mission.
Green Hydrogen Mission › Electrolyser makers
Emerging entrantOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 79 | 104 | 209 | 398 | 715 |
| Net profit | 5 | 8 | 22 | 32 | 55 |
Latest-year revenue ₹715 Cr (FY26, company-wide).
Note: Electrolyser business is at an early stage.
Strengths
- Electrolyser awards in both tranches: 100 MW (Jan 2024, with Rajesh Power Services) and 200 MW (Aug 2024)
- Hydrogen is material to its size, unlike the conglomerates
Risks
- Small balance sheet for a capital-heavy, technology-heavy business
- Stack technology and customers still to be proven
- Highly sensitive to delays in producer orders
Common questions
What does Advait Energy Transitions do?
Small power-transmission products and EPC company turning into an electrolyser maker - the purest listed SIGHT electrolyser bet.
Where does Advait Energy Transitions sit in the supply chain?
Advait Energy Transitions (NSE: ADVAIT) is mapped in 1 supply-chain layer: Electrolyser makers (Green Hydrogen Mission).
Who are Advait Energy Transitions' peers?
In the Electrolyser makers layer of Green Hydrogen Mission: Larsen & Toubro, Reliance Industries, Adani Enterprises (Adani New Industries), Waaree Energies and Ohmium (not NSE-listed).
What is Advait Energy Transitions' market cap and valuation?
As of 6 Nov 2026: market cap ₹2,000 Cr, P/E 30.0x, ROCE 26.0%, ROE 19.7%, dividend yield 0.11%.