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 ₹ 2,731 Cr.
- Current Price ₹ 914
- High / Low ₹ 1,025 / 366
- Stock P/E 70.1
- Book Value ₹ 64.4
- Dividend Yield 0.15 %
- ROCE 28.6 %
- ROE 23.5 %
- Face Value ₹ 5.00
Pros
- 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 14.2 times its book value
- Promoter holding has decreased over last quarter: -3.15%
* 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 | 117 | 178 | |
| Operating Profit | 6 | 7 | 15 | 19 | 22 | 33 | 57 |
| OPM % | 16% | 20% | 22% | 21% | 20% | 22% | 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 | 7.51 | 13.08 |
| Dividend Payout % | 38% | 67% | 30% | 29% | 0% | 13% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 38% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 51% |
| TTM: | 82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 93% |
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 14 | 14 |
| Reserves | 10 | 14 | 21 | 29 | 39 | 133 | 170 |
| 3 | 2 | 7 | 8 | 7 | 24 | 38 | |
| 9 | 12 | 11 | 19 | 22 | 32 | 43 | |
| Total Liabilities | 26 | 31 | 43 | 59 | 71 | 204 | 264 |
| 0 | 8 | 14 | 17 | 18 | 42 | 52 | |
| CWIP | 0 | 1 | 0 | 0 | 5 | 8 | 52 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| 26 | 22 | 28 | 42 | 47 | 154 | 156 | |
| Total Assets | 26 | 31 | 43 | 59 | 71 | 204 | 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 | 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/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 | 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 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Bushing units sold units |
|
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| Cumulative bushings installed units |
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| Capacity utilization % |
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| Export share in revenue (geography mix) % |
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| Installed capacity (units) units |
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| Order book Rs. Cr |
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| RIP share in revenue (product mix) % |
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| Repeat order rate % |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Yash Highvoltage to host Cooper Investor and Australian equities manager for plant visit on 21 August 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Find enclosed herewith copies of Newspaper advertisement pertaining to the dispatch of Notice of AGM.
-
Intimation Of Record Date Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015.
- Record date 27 Aug 2026 for 24th AGM and Rs.1.40 dividend eligibility.
-
Submission Of Notice Of 24Th Annual General Meeting (AGM) For The Financial Year 2025-2026.
- 24th AGM on 3 Sept 2026; dividend of ₹1.40/share, MD pay approval, ESOP term extension.
- Reg. 34 (1) Annual Report.
Concalls
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May 2026Transcript PPT REC
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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.