Yash Innoventures Ltd
₹ 41.2
3.10%
05 Oct
4:01 p.m.
About
Incorporated in 1991, Yash Innoventure Ltd (formerly Redex Protech Ltd) is an Ahmedabad-focused, inventory-heavy real-estate developer.
Key Points
- Market Cap ₹ 66.1 Cr.
- Current Price ₹ 41.2
- High / Low ₹ 52.2 / 26.5
- Stock P/E
- Book Value ₹ 8.57
- Dividend Yield 0.00 %
- ROCE -9.24 %
- ROE -45.2 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 417 to 18.5 days.
Cons
- Stock is trading at 4.73 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.01%
- Company has a low return on equity of -24.3% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 1,208 days to 4,853 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.31 | 0.31 | 0.31 | 0.32 | 0.02 | 0.03 | 0.01 | 0.07 | 0.01 | 2.75 | 0.27 | 1.38 | 0.40 | |
| 0.08 | 0.09 | 0.13 | 0.14 | 0.28 | 0.34 | 0.28 | 1.16 | 1.13 | 2.62 | 3.09 | 4.42 | 4.12 | |
| Operating Profit | 0.23 | 0.22 | 0.18 | 0.18 | -0.26 | -0.31 | -0.27 | -1.09 | -1.12 | 0.13 | -2.82 | -3.04 | -3.72 |
| OPM % | 74.19% | 70.97% | 58.06% | 56.25% | -1,300.00% | -1,033.33% | -2,700.00% | -1,557.14% | -11,200.00% | 4.73% | -1,044.44% | -220.29% | -930.00% |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.88 | 0.26 | 12.44 | 0.36 | 0.29 | 0.23 | 6.29 | 0.23 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.28 | 0.61 | 1.23 |
| Depreciation | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.30 | 0.32 | 0.32 |
| Profit before tax | 0.19 | 0.18 | 0.15 | 0.15 | 0.02 | 0.54 | -0.04 | 11.32 | -0.80 | 0.38 | -3.17 | 2.32 | -5.04 |
| Tax % | 26.32% | 22.22% | 20.00% | 20.00% | 50.00% | 24.07% | 75.00% | 24.12% | 0.00% | -100.00% | 41.01% | 23.71% | |
| 0.14 | 0.14 | 0.12 | 0.12 | 0.01 | 0.41 | -0.06 | 8.59 | -0.80 | 0.76 | -4.46 | 1.77 | -5.09 | |
| EPS in Rs | 0.21 | 0.21 | 0.18 | 0.18 | 0.01 | 0.61 | -0.09 | 12.78 | -1.19 | 1.13 | -6.64 | 1.10 | -3.18 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 168% |
| 3 Years: | 417% |
| TTM: | -47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 38% |
| 3 Years: | 9% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | -17% |
| 3 Years: | -24% |
| Last Year: | -45% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.72 | 6.72 | 6.72 | 6.72 | 6.72 | 6.72 | 6.72 | 6.72 | 6.72 | 6.72 | 16.03 | 16.03 |
| Reserves | -2.03 | -1.89 | -1.77 | -1.64 | -1.63 | -1.22 | -1.28 | 7.31 | 6.51 | 7.27 | -8.07 | -2.30 |
| 0.14 | 0.14 | 0.14 | 0.18 | 0.01 | 0.00 | 0.53 | 8.68 | 4.36 | 4.62 | 10.51 | 36.82 | |
| 0.12 | 0.09 | 0.10 | 0.10 | 0.36 | 0.16 | 6.87 | 3.53 | 10.83 | 8.53 | 15.37 | 12.07 | |
| Total Liabilities | 4.95 | 5.06 | 5.19 | 5.36 | 5.46 | 5.66 | 12.84 | 26.24 | 28.42 | 27.14 | 33.84 | 62.62 |
| 1.69 | 1.65 | 1.62 | 1.58 | 1.55 | 1.37 | 1.66 | 1.29 | 1.32 | 1.30 | 6.57 | 6.92 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.53 | 8.20 |
| 3.26 | 3.41 | 3.57 | 3.78 | 3.91 | 4.29 | 11.18 | 24.95 | 27.10 | 25.84 | 23.74 | 47.50 | |
| Total Assets | 4.95 | 5.06 | 5.19 | 5.36 | 5.46 | 5.66 | 12.84 | 26.24 | 28.42 | 27.14 | 33.84 | 62.62 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | 0.01 | 0.01 | -0.03 | -0.13 | 1.38 | 6.51 | -17.85 | 6.37 | -1.37 | -10.85 | -30.59 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.71 | -0.32 | 12.42 | -2.46 | 1.17 | 7.77 | 4.30 | |
| 0.00 | 0.00 | 0.00 | 0.04 | 0.13 | -1.65 | -5.02 | 4.20 | -4.32 | 0.26 | 2.92 | 26.33 | |
| Net Cash Flow | -0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.45 | 1.18 | -1.23 | -0.41 | 0.06 | -0.16 | 0.04 |
| Free Cash Flow | -0.01 | 0.01 | 0.01 | -0.03 | -0.13 | 2.09 | 6.19 | -5.42 | 6.30 | -1.39 | -7.45 | -26.16 |
| CFO/OP | -4% | 5% | 6% | -17% | 38% | -455% | -2,459% | 1,394% | -571% | -1,054% | 385% | 1,019% |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 341.45 | 588.71 | 812.42 | 1,539.84 | 31,207.50 | 0.00 | 0.00 | 0.00 | 24,820.00 | 95.56 | 1,135.56 | 18.51 |
| Inventory Days | 4,151.88 | |||||||||||
| Days Payable | 20.74 | |||||||||||
| Cash Conversion Cycle | 341.45 | 588.71 | 812.42 | 1,539.84 | 31,207.50 | 0.00 | 0.00 | 0.00 | 24,820.00 | 4,226.70 | 1,135.56 | 18.51 |
| Working Capital Days | 282.58 | 494.52 | 541.61 | 1,220.47 | 25,367.50 | -243.33 | -262,435.00 | -3,858.57 | -129,210.00 | -119.45 | -1,108.52 | 4,853.44 |
| ROCE % | 3.97% | 3.67% | 2.98% | 2.90% | 0.39% | -0.57% | -0.70% | -5.30% | -3.97% | 2.10% | -15.59% | -9.24% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees count |
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| Rent Income as % of Total Revenue % |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate for quarter ended 30 September 2026 confirming dematerialization records.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- AGM held on 28 Sep 2026; approved director appointments and raised MD loan limit to ₹20 crore.
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of 35th AGM of the Company
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Profile:[1]
The company is in the business of fire-extinguisher manufacturing/trading.
But currently operations solely as
Construction and Infrastructure.
As of now, the company is currently
into land aggregation, property
transactions and real-estate
development around Ahmedabad.