Yash Highvoltage Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,780 Cr
- P/E
- 97.06
- ROE
- 23.50%
- PEG
- 1.92
- Price to sales
- 16.08
- Debt to equity
- 0.20
- 52W high / low
- ₹1,278 / ₹369
- Sales growth (5Y)
- 44.45%
- EBITDA margin
- 24.12%
- Net profit margin
- 16.56%
- Promoter holding
- 53.79%
- Sales (last year)
- ₹235 Cr
Incorporated in 2002, Yash Highvoltage Ltd is in the business of power engineering and specialized high voltage and high current Transformer Bushing[1]
Guidance scorecard · Q2 FY27 call
What Yash Highvoltage Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ2 FY27 call
20–40%- Yash Highvoltage aims to reach approximately INR 1,000 crores in peak revenue from both units combined by FY30-FY31.
- The expanded capacity (both Unit 1 and Unit 2) is expected to be fully utilized by FY30-FY31 to achieve this revenue.
- Volume growth includes a current 40% increase in bushings sold (4,000 units in H1 FY27 vs. 2,950 in H1 FY26).
- Expansion plans include producing bushings across all voltage classes (24 kV to 550 kV), targeting both localized production and assembly models.
- Export markets, including the U.S., are expected to grow as new agreements have been established, with results starting in the near term.
2 more points from Yash Highvoltage Ltd's call on revenue
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MarginsQ2 FY27 call
FlatSee what Yash Highvoltage Ltd said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Total capex planned for the greenfield project is INR 220 crores, with INR 106 crores already spent till September 30, 2026; the balance will be deployed over the next 12 months.
- Current expansion (combining both units) is expected to create capacity to achieve peak revenue of around INR 1,000 crores by FY30-'31.
- The existing expansion capex is sufficient to reach the targeted revenue; any small incremental investments may be funded through strong internal accruals.
2 more points from Yash Highvoltage Ltd's call on capex
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FundraisingQ2 FY27 call
PlannedSee what Yash Highvoltage Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
Rising- As of September 30, 2026, Yash Highvoltage Limited's order book stands at INR 760 crores, up from INR 400 crores at the start of the financial year.
- The order book provides healthy visibility for future execution over the next 15 to 18 months.
- The company expects to maintain order inflow from both Indian and global customers, with continuous booking of new orders alongside executing the existing ones.
2 more points from Yash Highvoltage Ltd's call on the order book
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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 Electrical Equipment
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
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingYash Highvoltage Ltd announcements
All announcements →- Capex / expansionNotableYash Highvoltage Limited begins commercial production at new Gujarat facility
Financials of Yash Highvoltage Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Yash Highvoltage Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Yash Highvoltage Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 38 | 37 | 65 | 90 | 108 | 150 | 235 |
| Expenses + | 32 | 30 | 51 | 71 | 87 | 118 | 178 |
| Operating Profit | 6 | 7 | 15 | 19 | 22 | 32 | 57 |
| OPM % | 16% | 20% | 22% | 21% | 20% | 21% | 24% |
| Other Income + | 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% |
| Net Profit + | 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% |
Financials of Yash Highvoltage Ltd
Balance Sheet
Capital structure and asset base
| 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 |
| Borrowings + | 3 | 2 | 7 | 8 | 7 | 23 | 38 |
| Other Liabilities + | 9 | 12 | 11 | 19 | 22 | 32 | 43 |
| Total Liabilities | 26 | 31 | 43 | 59 | 71 | 203 | 264 |
| Fixed Assets + | 0 | 8 | 14 | 17 | 18 | 41 | 61 |
| CWIP | 0 | 1 | 0 | 0 | 5 | 8 | 43 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Other Assets + | 26 | 22 | 28 | 42 | 47 | 154 | 156 |
| Total Assets | 26 | 31 | 43 | 59 | 71 | 203 | 264 |
Financials of Yash Highvoltage Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 7 | 7 | 9 | 14 | 9 | 9 |
| Cash from Investing Activity + | -1 | -3 | -10 | -4 | -9 | -84 | -15 |
| Cash from Financing Activity + | -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% |
Financials of Yash Highvoltage Ltd
Ratios
Working capital efficiency and return ratios
| 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% |
Guidance history
How Yash Highvoltage Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Up 0–2% | Planned | — | Rising |
| Q4 FY25 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
95 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +150.2% | 97% |
| Last 6 months | +81.4% | 94% |
| Last 3 months | +37.4% | 94% |
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 Yash Highvoltage Ltd: 0.4 × 97 + 0.4 × 94 + 0.2 × 94 = 95.
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 29 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 Yash Highvoltage Ltd's management said in earlier quarters
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