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 ₹ 1,669 Cr.
- Current Price ₹ 584
- High / Low ₹ 617 / 145
- Stock P/E 78.0
- Book Value ₹ 51.7
- Dividend Yield 0.00 %
- ROCE 28.5 %
- ROE 22.6 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 49.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%
Cons
- Stock is trading at 11.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 38 | 37 | 65 | 90 | 108 | 150 | |
| 32 | 30 | 51 | 71 | 88 | 118 | |
| Operating Profit | 6 | 7 | 15 | 19 | 20 | 32 |
| OPM % | 16% | 20% | 22% | 21% | 19% | 21% |
| 0 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 |
| Profit before tax | 4 | 6 | 12 | 16 | 16 | 28 |
| Tax % | 28% | 30% | 30% | 30% | 27% | 24% |
| 3 | 4 | 9 | 11 | 12 | 21 | |
| EPS in Rs | 9.14 | 12.68 | 28.32 | 37.13 | 39.21 | 7.50 |
| Dividend Payout % | 38% | 67% | 30% | 29% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 32% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 35% |
| TTM: | 78% |
| 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
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 14 |
| Reserves | 10 | 14 | 21 | 29 | 39 | 133 |
| 3 | 2 | 7 | 8 | 7 | 23 | |
| 9 | 12 | 11 | 19 | 21 | 32 | |
| Total Liabilities | 26 | 31 | 43 | 59 | 70 | 203 |
| -0 | 8 | 14 | 17 | 18 | 46 | |
| CWIP | -0 | 1 | 0 | -0 | 5 | 2 |
| Investments | 0 | -0 | -0 | -0 | -0 | 0 |
| 26 | 22 | 28 | 42 | 47 | 154 | |
| Total Assets | 26 | 31 | 43 | 59 | 70 | 203 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 3 | 7 | 7 | 9 | 10 | 9 | |
| -1 | -3 | -10 | -4 | -5 | -84 | |
| -1 | -2 | 3 | -5 | -5 | 97 | |
| Net Cash Flow | 0 | 2 | 0 | 0 | 0 | 22 |
Ratios
Figures in Rs. Crores
| 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 | 137 | 132 |
| Days Payable | 90 | 132 | 81 | 110 | 102 | 89 |
| Cash Conversion Cycle | 111 | 127 | 102 | 82 | 78 | 111 |
| Working Capital Days | 80 | 78 | 65 | 61 | 53 | 85 |
| ROCE % | 35% | 52% | 48% | 42% | 29% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of Investor meet scheduled on 21st July 2025 sent herewith.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Jul
-
Revised Filed Due To One Spelling Mistake- Announcement Under Regulation 30 Of The SEBI (LODR) Regulations- General Announcement.
9 Jul - Yash Highvoltage signs binding term sheet to acquire 100% stake in Sukrut Electric jointly with Quality Power.
-
Announcement Under Regulation 30 Of SEBI (LODR) Regulations- General Intimation
9 Jul - Yash Highvoltage signs binding term sheet to acquire 100% stake in Sukrut Electric Company Pvt Ltd.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Jul - Yash Highvoltage schedules virtual analyst meeting on 9 July 2025, 4-5 PM with Nuvama group.
Annual reports
Concalls
-
Jun 2025TranscriptPPT
-
Jan 2025TranscriptPPT
-
Sep 2024TranscriptNotesPPT
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.