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 ₹ 2,018 Cr.
- Current Price ₹ 707
- High / Low ₹ 786 / 208
- Stock P/E 51.9
- Book Value ₹ 64.4
- Dividend Yield 0.14 %
- ROCE 28.7 %
- ROE 23.5 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 58.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%
Cons
- Stock is trading at 11.0 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 38 | 37 | 65 | 90 | 108 | 150 | 235 | |
| 32 | 30 | 51 | 71 | 87 | 118 | 178 | |
| Operating Profit | 6 | 7 | 15 | 19 | 22 | 32 | 57 |
| OPM % | 16% | 20% | 22% | 21% | 20% | 21% | 24% |
| 0 | 0 | 0 | 0 | 1 | 2 | 4 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 6 |
| Profit before tax | 4 | 6 | 12 | 16 | 18 | 28 | 50 |
| Tax % | 28% | 30% | 30% | 30% | 31% | 24% | 25% |
| 3 | 4 | 9 | 11 | 12 | 21 | 37 | |
| EPS in Rs | 9.14 | 12.68 | 28.32 | 37.13 | 40.09 | 7.50 | 13.08 |
| Dividend Payout % | 38% | 67% | 30% | 29% | 0% | 13% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 38% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 50% |
| TTM: | 82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 237% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 24% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 14 | 14 |
| Reserves | 10 | 14 | 21 | 29 | 39 | 133 | 170 |
| 3 | 2 | 7 | 8 | 7 | 23 | 38 | |
| 9 | 12 | 11 | 19 | 22 | 32 | 43 | |
| Total Liabilities | 26 | 31 | 43 | 59 | 71 | 203 | 264 |
| 0 | 8 | 14 | 17 | 18 | 41 | 61 | |
| CWIP | 0 | 1 | 0 | 0 | 5 | 8 | 43 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| 26 | 22 | 28 | 42 | 47 | 154 | 156 | |
| Total Assets | 26 | 31 | 43 | 59 | 71 | 203 | 264 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 3 | 7 | 7 | 9 | 14 | 9 | 9 | |
| -1 | -3 | -10 | -4 | -9 | -84 | -15 | |
| -1 | -2 | 3 | -5 | -5 | 97 | 1 | |
| Net Cash Flow | 0 | 2 | 0 | 0 | 0 | 22 | -5 |
| Free Cash Flow | 2 | 4 | 1 | 5 | 1 | -29 | -50 |
| CFO/OP | 66% | 112% | 76% | 75% | 87% | 49% | 42% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 68 | 66 | 53 | 66 | 42 | 68 | 47 |
| Inventory Days | 133 | 193 | 130 | 126 | 143 | 138 | 194 |
| Days Payable | 90 | 132 | 81 | 110 | 103 | 93 | 60 |
| Cash Conversion Cycle | 111 | 127 | 102 | 82 | 82 | 112 | 182 |
| Working Capital Days | 80 | 68 | 45 | 47 | 45 | 45 | 69 |
| ROCE % | 35% | 52% | 48% | 45% | 28% | 29% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Annual Production Capacity - Bushings Units |
|
|
| Cumulative Bushings Installed Globally Units |
||
| Cumulative Type-Tested Products Count |
||
| High Current Bushings Executed Units |
||
| RIP/RIS Bushings Supplied (up to 245 kV) Units |
||
| Trade Receivable Turnover Ratio Times |
||
| Transformer Bushings Retrofitted Units |
||
| Domestic Market Share - OIP Bushings (up to 245 kV) % |
||
| Domestic Market Share - RIP Bushings (up to 245 kV) % |
||
| Global Footprint (Number of Countries) Count |
||
Extracted by Screener AI
Documents
Announcements
-
Submission Of Auditors Report In Continuation Of Our Earlier Filing Of The Annual Audited Financial Results For Year Ended 31St March 2026
1d - Auditor’s report submitted for standalone and consolidated financial results approved on May 13, 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio recording of FY 2025-26 earnings call uploaded after audited results on 14 May 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Yash Highvoltage reported FY26 revenue ₹235.1 crore, EBITDA ₹60.4 crore, PAT ₹37.4 crore.
-
Statement Of Deviations And Variations Sent Herewith.
2d - No deviation in IPO proceeds utilization for FY2026; Rs93.51 crore raised, Rs79.20 crore utilized.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor presentation on yearly Audited financial results for year ended 31st March 2026 is sent herewith.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
-
Oct 2025Transcript PPT REC
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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.