Yash Highvoltage Ltd

AI

Yash Highvoltage Ltd

₹ 1,164 -4.79%
23 Oct - close price
About

Incorporated in 2002, Yash Highvoltage
Ltd is in the business of power engineering
and specialized high voltage and high current Transformer Bushing[1]

Key Points

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.

  • Market Cap ₹ 3,480 Cr.
  • Current Price ₹ 1,164
  • High / Low ₹ 1,310 / 366
  • Stock P/E 56.6
  • Book Value ₹ 107
  • Dividend Yield 0.12 %
  • 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 10.9 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026 Sep 2026
48 60 57 93 100 136 195
37 50 46 71 78 100 141
Operating Profit 11 10 11 21 21 36 54
OPM % 23% 17% 19% 23% 21% 26% 28%
0 1 0 2 2 2 1
Interest 1 1 1 2 2 2 2
Depreciation 1 1 1 2 3 4 4
Profit before tax 9 9 9 19 18 32 48
Tax % 28% 33% 27% 23% 26% 25% 24%
6 6 6 15 14 24 36
EPS in Rs 2.88 2.68 2.89 5.25 4.77 8.31 12.11
Raw PDF

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
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: 120%
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)
%
RIP share in revenue (product mix)
%
Cumulative bushings installed
units
Installed capacity (units)
units
Capacity utilization
%
Order book
Rs. Cr
Repeat order rate
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2024Mar 2025Sep 2025Mar 2026Jun 2026Sep 2026
57.70% 57.89% 57.94% 57.94% 57.24% 53.79%
2.19% 1.15% 0.18% 0.05% 0.62% 2.26%
12.79% 10.64% 10.13% 11.06% 9.50% 9.68%
27.31% 30.32% 31.74% 30.96% 32.64% 34.27%
No. of Shareholders 3,4072,5662,5013,7415,1906,362

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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