Yasho Industries Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 24 May 2026 | Chemicals & Petrochemicals | Market Cap: ₹5.0K Cr

FY26 volume growth was 33% year-on-year. Volume growth expected between 35% to 45% in FY27, with capacity utilization increasing by about 15%.

From Yasho Industries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹4,400

Market Cap

₹5.0K Cr

P/E Ratio

95.8

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Yasho Industries Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹246 Cr, net profit ₹12 Cr.

Full financials →

📊 Revenue & Sales Performance

→FY26 volume growth was 33% year-on-year.
→FY27 volume growth expected to be between 40% to 50%, driven by 15% increase in capacity utilization.
→Capacity utilization targeted to ramp up to 75% by FY27.
→FY28 revenue guidance is approximately INR 1,500 crores, including:
→ - Capacity expansion done in FY26.
→ - Commercialization of a long-term contract/project contributing to growth.
→Volume growth primarily driven by the industrial segment; consumer segment may see slight dip.
→Prices stable overall, with some volatility in specific solvents; price increases of 10-15% expected starting FY27.
→Beyond FY28, growth will be fueled by leveraging current assets at higher utilization (85-90%), introducing new molecules/products, and expanding into performance chemicals beyond traditional segments.

📈 Profitability & Margins

→Volume growth expected between 35% to 45% in FY27, with capacity utilization increasing by about 15%.
→Targeting revenue of approximately INR1,500 crores by FY28, driven by capacity expansions and a long-term contract operational from FY28.
→EBITDA margins anticipated to improve by 2-3%, supported by higher utilization (70%-75% in FY27) and operational efficiencies, targeting around 20%+ EBITDA margin.
→Gross margins expected to be stable between 40%-42% in the medium term, due to improved asset utilization and cost rationalization.
→FY27 capex planned at INR125 crores, funded entirely via internal accruals, expected to support new product launches and capacity expansions.
→Long-term 15-year contract provides revenue visibility from FY28 onwards, backed by INR51.4 crores advance received.
→Despite global challenges, operational and financial discipline aims to deliver consistent and profitable growth.

See what Yasho Industries Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→FY '26 capex: INR 75 crores, including INR 42 crores at Pakhajan and about INR 7-8 crores at Vapi; INR 25 crores spent on R&D.
→FY '27 planned capex: INR 125 crores, purely at Pakhajan; no capex contribution from the MNC project (separate).
→Additional special project at Pakhajan with INR 90 crores capex ongoing.
→Future capacity expansion at Pakhajan involves building additional production buildings (4 more possible).
→Long-term contract signed in FY '26 with an advance of INR 51.4 crores; revenue expected from this starting FY '28.
→No CDMO-style capex; focus on large-volume production (minimum 500-1,000 metric tons).
→The company aims to reach 75%+ utilization by FY '28, supported by capacity expansions and leveraging strategic contracts.

💰 Fundraising & Capital Structure

→Yasho Industries is currently focusing on reducing its debt-to-EBITDA ratio to a comfort zone of around 2.5x.
→The company does not plan to increase debt significantly until this ratio is achieved, although the absolute debt number might rise.
→The INR125 crores capex planned for FY27 will be funded through internal accruals, not through new strategic debt or equity.
→There is no mention of any immediate equity fundraising.
→The company aims to manage working capital efficiently and maintain financial discipline without aggressive new fundraising in the short term.

See what Yasho Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→The management did not explicitly mention a current or expected order book value during the call.
→However, there is reference to commitments from customers based on gained confidence due to supply reliability, supporting the guidance of 70%-75% capacity utilization.
→A strategic large project for an MNC is expected to start contributing commercially from early FY28, indicating some secured future orders.
→About 40% of revenue in Q4 FY26 came from contracts with fixed pricing (quarterly or 6-monthly), and 60% from spot or regular customers, implying a mix of confirmed and variable orders.
→There is no disclosed exact monetary value or backlog figure disclosed for pending orders.
→Management emphasized healthy demand visibility and customer penetration, but did not quantify order book size.

Key Metrics

What Yasho Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Yasho Industries Ltd Q4 FY26 results?

FY26 volume growth was 33% year-on-year. Volume growth expected between 35% to 45% in FY27, with capacity utilization increasing by about 15%.

What is Yasho Industries Ltd share price analysis?

Yasho Industries Ltd currently shows a neutral. The stock trades at a P/E of 95.8 with a market cap of ₹5,013 Cr. Investors should review the full earnings analysis for detailed insights.

Is Yasho Industries Ltd planning capital expenditure?

FY '26 capex: INR 75 crores, including INR 42 crores at Pakhajan and about INR 7-8 crores at Vapi; INR 25 crores spent on R&D.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.