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 ₹ 1,361 Cr.
- Current Price ₹ 477
- High / Low ₹ 617 / 145
- Stock P/E 63.7
- Book Value ₹ 51.7
- Dividend Yield 0.21 %
- 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 9.23 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
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 | 87 | 118 | |
| Operating Profit | 6 | 7 | 15 | 19 | 22 | 32 |
| OPM % | 16% | 20% | 22% | 21% | 20% | 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 | 18 | 28 |
| Tax % | 28% | 30% | 30% | 30% | 31% | 24% |
| 3 | 4 | 9 | 11 | 12 | 21 | |
| EPS in Rs | 9.14 | 12.68 | 28.32 | 37.13 | 40.09 | 7.50 |
| Dividend Payout % | 38% | 67% | 30% | 29% | 0% | 13% |
| 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: | 74% |
| 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 | 22 | 32 | |
| Total Liabilities | 26 | 31 | 43 | 59 | 71 | 203 |
| 0 | 8 | 14 | 17 | 18 | 41 | |
| CWIP | 0 | 1 | 0 | 0 | 5 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 26 | 22 | 28 | 42 | 47 | 154 | |
| Total Assets | 26 | 31 | 43 | 59 | 71 | 203 |
Cash Flows
Figures in Rs. Crores
| 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
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 | 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)-Newspaper Publication
21 Aug - News paper Advertisement Publication for AGM and E-voting is sent herewith.
-
Reg. 34 (1) Annual Report.
18 Aug - Yash Highvoltage FY25 Annual Report with 39% revenue growth, new greenfield plant, and 23rd AGM notice.
-
Intimation Of Notice Of The 23RD Annual General Meeting Of The Shareholders Of The Company Scheduled On 10Th September 2025.
18 Aug - Notice of 23rd AGM on 10 Sept 2025 via VC; includes financials, 20% dividend, director reappointment, cost auditor ratification.
- Corporate Action-Board approves Dividend 11 Aug
- The Company Has Fixed The 6Th September 2025, As Record Date For Payment Of Final Dividend Of 20% For FY 2024-25. 11 Aug
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.