Neetu Yoshi Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹747 Cr
- P/E
- 29.84
- ROE
- 27.52%
- PEG
- 0.11
- Price to sales
- 7.59
- Debt to equity
- 0.03
- 52W high / low
- ₹249 / ₹72.0
- EBITDA margin
- 31.17%
- Net profit margin
- 25.44%
- Promoter holding
- 70.03%
- Sales (last year)
- ₹98 Cr
Guidance scorecard · Q4 FY26 call
What Neetu Yoshi's management guided
and where it ranks in Industrial Products
RevenueQ2 FY26 call
40%+- FY 2026-27 revenue target around ₹210-230 crore, with capacity utilization expected to grow towards 100%.
- FY 2027-28 revenue expected between ₹330-340 crore.
- Further target of ₹380 crore revenue in FY 28 mentioned, with a focus on achieving 25% PAT margins.
- Continued addition of new product lines including bogie manufacturing (targeting 500 bogies/month), track components, coach components, bridges, and springs.
- Expansion driven by internal accruals for next 3 years, with major CAPEX for wagon manufacturing planned beyond 3 years, potentially adding substantial revenue.
- Management confident of exceeding revenue targets through aggressive diversification within railway ecosystem and other segments.
2 more points from Neetu Yoshi's call on revenue
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MarginsQ2 FY26 call
FlatSee what Neetu Yoshi said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Adding one more molding line (high-pressure molding) at the old facility, doubling molding capacity to ~16,000 metric tons per annum; melting capacity to be added later in stages.
- New bogie manufacturing plant in Haridwar, targeted to commence production by April 2026 with a capacity of 500 bogies per month; initial utilization expected at 60%.
- Expansion into new segments including track components, coach components, bridges, and structures with land acquisitions adjacent to existing facility (~12,500 sq. meters total) for bigger components.
- Wagon manufacturing plant planned for about 3 years down the line, with CAPEX to be raised through equity market after establishing performance over three years; current expansions funded internally.
2 more points from Neetu Yoshi's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Neetu Yoshi said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- Current order book stands at more than Rs. 140 crore.
- The company regularly receives new orders and intends to share the complete order list with the exchange for transparency.
- Management is working towards providing monthly updates on the order book to improve transparency.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Neetu Yoshi
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Neetu Yoshi
Quarterly Results
Quarter-by-quarter operating performance
Financials of Neetu Yoshi
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| Sales + | 5 | 16 | 47 | 71 | 80 |
| Expenses + | 4 | 15 | 30 | 47 | 54 |
| Operating Profit | 0 | 1 | 17 | 23 | 26 |
| OPM % | 3% | 7% | 36% | 33% | 33% |
| Other Income + | 0 | 0 | 0 | 0 | 2 |
| Interest | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 2 | 2 |
| Profit before tax | 0 | 1 | 15 | 20 | 24 |
| Tax % | 42% | 25% | 17% | 18% | |
| Net Profit + | 0 | 0 | 13 | 16 | 20 |
| EPS in Rs | 5.00 | 1.84 | 32.35 | 5.75 | 5.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Neetu Yoshi
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.14 | 2 | 4 | 14 | 19 |
| Reserves | 3 | 3 | 16 | 30 | 104 |
| Borrowings + | 0 | 8 | 17 | 14 | 14 |
| Other Liabilities + | 0 | 1 | 1 | 5 | 6 |
| Total Liabilities | 3 | 15 | 38 | 64 | 144 |
| Fixed Assets + | 0 | 4 | 22 | 32 | 37 |
| CWIP | 1 | 4 | 0 | 0 | 3 |
| Investments | 0 | 0 | 0 | 2 | 2 |
| Other Assets + | 2 | 7 | 17 | 29 | 102 |
| Total Assets | 3 | 15 | 38 | 64 | 144 |
Financials of Neetu Yoshi
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 0 | -2 | 8 | 12 |
| Cash from Investing Activity + | -1 | -8 | -16 | -17 |
| Cash from Financing Activity + | 1 | 10 | 10 | 3 |
| Net Cash Flow | 0 | 1 | 1 | -1 |
| Free Cash Flow | -1 | -9 | -7 | -3 |
| CFO/OP | 46% | -163% | 58% | 56% |
Financials of Neetu Yoshi
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 59 | 73 | 65 | 54 |
| Inventory Days | 91 | 16 | 53 | 93 |
| Days Payable | 14 | 12 | 0 | 6 |
| Cash Conversion Cycle | 136 | 76 | 118 | 142 |
| Working Capital Days | 118 | 32 | 20 | 55 |
| ROCE % | 11% | 64% | 46% |
Guidance history
How Neetu Yoshi's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q1 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
45 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +57.7% | 88% |
| Last 6 months | +63.2% | 92% |
| Last 3 months | +22.2% | 89% |
The price is 24.5% below its all-time high of ₹254.95 (29 Sept 2026). Stocks more than 20% below their peak have their score halved, so 90 became 45.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Neetu Yoshi: 0.4 × 88 + 0.4 × 92 + 0.2 × 89 = 90, halved to 45 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Neetu Yoshi's management said in earlier quarters
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