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 ₹ 3,710 Cr.
- Current Price ₹ 1,241
- High / Low ₹ 1,310 / 366
- Stock P/E 60.3
- Book Value ₹ 107
- Dividend Yield 0.11 %
- ROCE 28.6 %
- ROE 23.5 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 58.3% 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 11.6 times its book value
- Promoter holding has decreased over last quarter: -3.45%
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 38 | 37 | 65 | 90 | 108 | 150 | 235 | 330 | |
| Sales growth | -1% | +74% | +39% | +20% | +38% | +57% | +72% | |
| 32 | 30 | 51 | 71 | 87 | 117 | 178 | 241 | |
| Operating Profit | 6 | 7 | 15 | 19 | 22 | 33 | 57 | 89 |
| OPM % | 16% | 20% | 22% | 21% | 20% | 22% | 24% | 27% |
| 0 | 0 | 0 | 0 | 1 | 2 | 4 | 3 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 6 | 8 |
| Profit before tax | 4 | 6 | 12 | 16 | 18 | 28 | 50 | 80 |
| Tax % | 28% | 30% | 30% | 30% | 31% | 24% | 25% | |
| 3 | 4 | 9 | 11 | 12 | 21 | 37 | 60 | |
| EPS in Rs | 1.27 | 1.76 | 3.92 | 5.14 | 5.55 | 7.51 | 13.08 | 20.42 |
| Dividend Payout % | 38% | 67% | 30% | 29% | 0% | 13% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 38% |
| TTM: | 72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 51% |
| TTM: | 115% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 152% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 24% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 14 | 14 | 15 |
| Reserves | 10 | 14 | 21 | 29 | 39 | 133 | 170 | 305 |
| 3 | 2 | 7 | 8 | 7 | 24 | 38 | 16 | |
| 9 | 12 | 11 | 19 | 22 | 32 | 43 | 117 | |
| Total Liabilities | 26 | 31 | 43 | 59 | 71 | 204 | 264 | 453 |
| 0 | 8 | 14 | 17 | 18 | 42 | 52 | 129 | |
| CWIP | 0 | 1 | 0 | 0 | 5 | 8 | 52 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 |
| 26 | 22 | 28 | 42 | 47 | 154 | 156 | 301 | |
| Total Assets | 26 | 31 | 43 | 59 | 71 | 204 | 264 | 453 |
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 | 10 | 9 | |
| -1 | -3 | -10 | -4 | -9 | -84 | -15 | |
| -1 | -2 | 3 | -5 | -5 | 96 | 1 | |
| Net Cash Flow | 0 | 2 | 0 | 0 | 0 | 22 | -5 |
| Free Cash Flow | 2 | 4 | 1 | 5 | 1 | -29 | -50 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 66% | 112% | 76% | 75% | 87% | 49% | 42% |
Ratios
Standalone / 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 | 201 |
| Days Payable | 90 | 132 | 81 | 110 | 103 | 93 | 62 |
| Cash Conversion Cycle | 111 | 127 | 102 | 82 | 82 | 112 | 187 |
| Working Capital Days | 80 | 68 | 45 | 47 | 45 | 44 | 69 |
| ROCE % | 35% | 52% | 48% | 45% | 28% | 29% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Bushing units sold units |
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| Export share in revenue (geography mix) % |
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| RIP share in revenue (product mix) % |
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| Cumulative bushings installed units |
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| Installed capacity (units) units |
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| Capacity utilization % |
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| Order book Rs. Cr |
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| Repeat order rate % |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Monitoring agency report for September 2026 shows no deviation in 151 crore preferential issue utilisation.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- The Management will be participating in ''Avendus Spark INDX: Annual Investor Conference, scheduled to be held on Wednesday, 18th November 2026 at Hotel Grand Hyatt, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Yash Highvoltage to host analyst and institutional investor meet in Mumbai on 17 November 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Yash Highvoltage to hold virtual analyst meet with Carnelian Asset Management and Elara Capital on 4 November 2026.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Find enclosed herewith the Transcript of the Earnings call held on 21st October, 2026 post announcement of Financial Result of the Company for the Quarter …
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from web
Concalls
-
Oct 2026Transcript PPT REC
-
May 2026Transcript PPT REC
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Oct 2025Transcript PPT REC
-
Jun 2025Transcript
-
Jan 2025Transcript
-
Sep 2024PPT
Product Portfolio:[1][2]
YHVL manufactures and distributes a wide range
of transformer bushings, including OIP condenser bushings (15–245 kV), RIP /RIS condenser bushings (24–245 kV, expanding to 550 kV), high-voltage and high-current bushings (24–52 kV; 4,000–25,000 A), wall and oil-to-oil bushings, and retrofit solutions.
Its products cater to different voltage and current requirements across the power transmission and distribution industry.