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 ₹ 2,509 Cr.
- Current Price ₹ 877
- High / Low ₹ 940 / 351
- Stock P/E 64.5
- Book Value ₹ 64.4
- Dividend Yield 0.11 %
- 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 13.6 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: | 130% |
| 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
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Intimation of Newspaper Publication of Notice of Extra Ordinary General Meeting and E-voting Information.
- Notice Of 01/2026-27 Extra-Ordinary General Meeting Of The Company Schedule To Be Held On 15Th July, 2026 At 05:00 PM (IST) Through VC/OAVM. 23 Jun
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 23 Jun
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 Jun - Yash Highvoltage to raise ₹151 crore via preferential shares and warrants for 550 kV RIP expansion.
-
Board Meeting Outcome for Outcome Of Board Meeting Of Yash Highvoltage Limited Held On June 22, 2026, Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
22 Jun - Board approved preferential issue of shares and warrants worth ₹150.99 crore; EGM on July 15, 2026.
Annual reports
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.