Yash Highvoltage Ltd
Incorporated in 2002, Yash Highvoltage
Ltd is in the business of power engineering
and specialized high voltage and high current Transformer Bushing[1]
- Market Cap ₹ 1,350 Cr.
- Current Price ₹ 473
- High / Low ₹ 617 / 145
- Stock P/E 46.5
- Book Value ₹ 55.8
- Dividend Yield 0.23 %
- ROCE 28.5 %
- ROE 22.6 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 49.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
Cons
- Stock is trading at 8.23 times its book value
* 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 38 | 37 | 65 | 90 | 108 | 150 | 193 | |
| 32 | 30 | 51 | 71 | 87 | 118 | 151 | |
| Operating Profit | 6 | 7 | 15 | 19 | 22 | 32 | 42 |
| OPM % | 16% | 20% | 22% | 21% | 20% | 21% | 22% |
| 0 | 0 | 0 | 0 | 1 | 2 | 4 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 4 |
| Profit before tax | 4 | 6 | 12 | 16 | 18 | 28 | 38 |
| Tax % | 28% | 30% | 30% | 30% | 31% | 24% | |
| 3 | 4 | 9 | 11 | 12 | 21 | 29 | |
| EPS in Rs | 9.14 | 12.68 | 28.32 | 37.13 | 40.09 | 7.50 | 10.17 |
| Dividend Payout % | 38% | 67% | 30% | 29% | 0% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 32% |
| TTM: | 65% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 35% |
| TTM: | 136% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 28% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 14 | 14 |
| Reserves | 10 | 14 | 21 | 29 | 39 | 133 | 145 |
| 3 | 2 | 7 | 8 | 7 | 23 | 28 | |
| 9 | 12 | 11 | 19 | 22 | 32 | 31 | |
| Total Liabilities | 26 | 31 | 43 | 59 | 71 | 203 | 218 |
| 0 | 8 | 14 | 17 | 18 | 41 | 50 | |
| CWIP | 0 | 1 | 0 | 0 | 5 | 8 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 26 | 22 | 28 | 42 | 47 | 154 | 156 | |
| Total Assets | 26 | 31 | 43 | 59 | 71 | 203 | 218 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 3 | 7 | 7 | 9 | 14 | 9 | |
| -1 | -3 | -10 | -4 | -9 | -84 | |
| -1 | -2 | 3 | -5 | -5 | 97 | |
| Net Cash Flow | 0 | 2 | 0 | 0 | 0 | 22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 68 | 66 | 53 | 66 | 42 | 68 |
| Inventory Days | 133 | 193 | 130 | 126 | 143 | 138 |
| Days Payable | 90 | 132 | 81 | 110 | 103 | 93 |
| Cash Conversion Cycle | 111 | 127 | 102 | 82 | 82 | 112 |
| Working Capital Days | 80 | 68 | 45 | 47 | 45 | 45 |
| ROCE % | 35% | 52% | 48% | 45% | 28% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of Investor meet scheduled on 18th December 2025 is sent herewith.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Virtual investor meeting on 15 Dec 2025, 11:00-12:00 with investors arranged by Phillip Capital.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Nov - Of Investor meet scheduled on Tuesday, 2nd December 2025 sent herewith.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov - Yash Highvoltage hosting physical investor meetings 28–29 Nov 2025 to discuss H1 FY26 performance.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov - Yash Highvoltage to host physical investor meets on 28-29 Nov 2025 to discuss H1 FY26 performance.
Annual reports
Concalls
-
Oct 2025Transcript PPT REC
-
Jun 2025TranscriptPPT
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Jan 2025TranscriptPPT
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Sep 2024TranscriptAI SummaryPPT
Business Overview:[1]
a) YHVL is in manufacturing and distribution of wide range of transformer which includes:
- Oil Impregnated Paper [OIP] condenser
bushing
- Resin Impregnated Paper [RIP] / Resin Impregnated Synthetic [RIS] condenser
bushing
- High Voltage and High Current bushing
- OIP Wall bushing
- Oil to Oil bushing
b) The company also undertakes repairing, retrofitting and replacement services of old bushings.
c) It provides on-site/off-site bushings
technical testing, analysis and repairing
services.
d) Company is on the approved vendor
list of various Indian Government Enterprises
and large private companies engaged in
Power sector.
e) YHVL is an ISO 9001:2015 accredited manufacturer of HV condenser-graded transformer bushings, compliant with
IEC, IEEE and ANSI standards.