Yasho Industries Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,145 Cr
- P/E
- 79.25
- ROE
- 4.98%
- PEG
- -2.59
- Price to sales
- 4.45
- Debt to equity
- 1.26
- 52W high / low
- ₹4,916 / ₹1,166
- Sales growth (5Y)
- 17.86%
- EBITDA margin
- 18.95%
- Net profit margin
- 2.63%
- Promoter holding
- 67.91%
- Sales (last year)
- ₹934 Cr
Yasho Industries Ltd is a manufacturer of specialty chemicals, food antioxidants, aroma chemicals, rubber accelerators and lubricant additives. It has a wide geographical presence with exports to Europe, America, Middle East and Asia.[1]
Guidance scorecard · Q2 FY27 call
What Yasho Industries Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
40%+- Yasho Industries targets 30%-40% annual revenue growth over the next few years.
- Growth is primarily driven by export markets, which currently contribute ~69% of revenue, expected to stabilize around 70%-75% export share.
- Utilization is expected to ramp up from 60%-65% currently to 75% in FY27, supporting volume growth.
- New capacity at Pakhajan facility's Phase 1 to be operational from Q1 FY28, with revenue potential of Rs. 100 crores in FY28, not included in FY27 guidance.
- Product mix improvement and new specialty products contribute to growth and better margins.
2 more points from Yasho Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Yasho Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Yasho Industries revised FY27 CAPEX guidance from Rs. 125 crores to Rs. 250 crores.
- The investment will be directed towards constructing two new production buildings at the Pakhajan facility.
- These buildings will manufacture several high-potential products developed through R&D efforts.
- The first phase (Rs. 100 crores) is expected to come online by Q1 FY28; the second phase (Rs. 150 crores) by Q4 FY28.
- The total revenue potential from this CAPEX is expected to be 2.5x the invested amount.
- About 65% of the Rs. 250 crores CAPEX is already booked with customers.
2 more points from Yasho Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what Yasho Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- As of the latest call, Yasho Industries has customers lined up for approximately 60%-65% of the new capacity coming online (Pakhajan facility Phase 1).
- For the remaining capacity (around 35%-40%), the company is actively searching for customers to fill the balance.
- Out of the Rs. 250 crores total CAPEX, about 65% is already booked with customers.
- The company has secured commitments from marquee customers, which support confidence in maintaining margins and growth.
- Long-term supply agreements are in place and are described as "evergreen," indicating ongoing customer commitments without immediate expiry.
- Additional customer offtake observed in recent quarters is expected to continue, suggesting a healthy order pipeline.
2 more points from Yasho Industries 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 Chemicals & Petrochemicals
on management's own guidance
- 2
- 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
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | Yasho Industries LtdThis stock | 40%+ | Flat | ₹4,375 Cr | 83.7 |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Yasho Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Yasho Industries Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 72.33% | 71.91% | 71.92% | 71.92% | 71.92% | 67.99% | 67.99% | 67.99% | 67.99% | 67.91% | 67.91% | 67.91% |
| FIIs + | 0.13% | 1.05% | 0.97% | 0.99% | 1.41% | 7.24% | 6.98% | 6.90% | 6.99% | 5.70% | 5.74% | 5.90% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.09% | 0.28% | 0.51% | 0.94% | 0.96% | 1.05% | 1.97% | 2.21% | 2.75% |
| Public + | 27.54% | 27.04% | 27.10% | 26.99% | 26.38% | 24.25% | 24.07% | 24.15% | 23.94% | 24.42% | 24.14% | 23.46% |
| No. of Shareholders | 36,015 | 37,596 | 35,140 | 32,402 | 29,479 | 27,754 | 26,589 | 26,407 | 25,163 | 23,730 | 22,695 | 27,356 |
Financials of Yasho Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 139 | 129 | 176 | 176 | 162 | 151 | 190 | 198 | 176 | 198 | 245 | 314 | 336 |
| Expenses + | 118 | 106 | 147 | 150 | 134 | 124 | 157 | 164 | 145 | 166 | 205 | 241 | 268 |
| Operating Profit | 21 | 24 | 29 | 26 | 29 | 27 | 34 | 34 | 31 | 32 | 40 | 73 | 68 |
| OPM % | 15% | 18% | 17% | 15% | 18% | 18% | 18% | 17% | 18% | 16% | 16% | 23% | 20% |
| Other Income + | 2 | 3 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 4 | 3 | 4 | 14 | 14 | 16 | 14 | 14 | 14 | 14 | 14 | 11 | 13 |
| Depreciation | 4 | 4 | 4 | 12 | 12 | 13 | 13 | 13 | 13 | 14 | 14 | 14 | 15 |
| Profit before tax | 16 | 20 | 21 | 1 | 2 | -2 | 7 | 8 | 4 | 5 | 13 | 49 | 41 |
| Tax % | 23% | 25% | 26% | 34% | 16% | -53% | 39% | 25% | 29% | 25% | 26% | 25% | 25% |
| Net Profit + | 12 | 15 | 16 | 1 | 2 | -1 | 4 | 6 | 3 | 4 | 9 | 36 | 31 |
| EPS in Rs | 10.47 | 12.97 | 13.90 | 0.56 | 1.80 | -0.82 | 3.55 | 4.67 | 2.38 | 2.90 | 7.87 | 30.22 | 25.42 |
Financials of Yasho Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 169 | 180 | 195 | 250 | 340 | 297 | 359 | 614 | 670 | 596 | 680 | 817 | 1,094 |
| Expenses + | 154 | 160 | 174 | 223 | 303 | 258 | 310 | 520 | 560 | 497 | 563 | 679 | 880 |
| Operating Profit | 15 | 20 | 22 | 27 | 37 | 39 | 49 | 93 | 111 | 99 | 116 | 138 | 214 |
| OPM % | 9% | 11% | 11% | 11% | 11% | 13% | 14% | 15% | 17% | 17% | 17% | 17% | 20% |
| Other Income + | 2 | 0 | 3 | 4 | 3 | 3 | 10 | 10 | 11 | 8 | 2 | 1 | 2 |
| Interest | 13 | 13 | 14 | 15 | 16 | 15 | 16 | 14 | 16 | 15 | 60 | 56 | 52 |
| Depreciation | 5 | 5 | 5 | 6 | 7 | 9 | 12 | 19 | 20 | 16 | 50 | 55 | 57 |
| Profit before tax | 0 | 2 | 5 | 10 | 17 | 17 | 31 | 71 | 86 | 76 | 8 | 29 | 107 |
| Tax % | 50% | 33% | 33% | 22% | 29% | 29% | 30% | 26% | 26% | 25% | 28% | 26% | |
| Net Profit + | 0 | 2 | 4 | 8 | 12 | 12 | 21 | 53 | 64 | 57 | 6 | 21 | 80 |
| EPS in Rs | 0.09 | 1.53 | 3.67 | 7.31 | 10.91 | 11.00 | 19.71 | 46.26 | 56.41 | 50.11 | 4.99 | 17.82 | 66.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 1% | 1% | 1% | 10% | 3% |
Financials of Yasho Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 |
| Reserves | 2 | 4 | 7 | 23 | 35 | 47 | 68 | 162 | 226 | 282 | 409 | 429 | 495 |
| Borrowings + | 121 | 126 | 132 | 153 | 151 | 169 | 162 | 179 | 324 | 579 | 583 | 558 | 626 |
| Other Liabilities + | 28 | 29 | 29 | 45 | 54 | 48 | 65 | 131 | 87 | 119 | 90 | 161 | 394 |
| Total Liabilities | 157 | 168 | 178 | 232 | 250 | 274 | 305 | 483 | 648 | 992 | 1,093 | 1,160 | 1,527 |
| Fixed Assets + | 57 | 55 | 58 | 69 | 73 | 103 | 120 | 161 | 177 | 203 | 624 | 634 | 623 |
| CWIP | 0 | 0 | 0 | 0 | 23 | 12 | 0 | 1 | 124 | 461 | 1 | 10 | 131 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 6 | 6 |
| Other Assets + | 100 | 113 | 120 | 162 | 154 | 160 | 185 | 322 | 347 | 323 | 463 | 510 | 767 |
| Total Assets | 157 | 168 | 178 | 232 | 250 | 274 | 305 | 483 | 648 | 992 | 1,093 | 1,160 | 1,527 |
Financials of Yasho Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 20 | -5 | 54 | 27 | 35 | 16 | 14 | 90 | -44 | 151 | ||
| Cash from Investing Activity + | -8 | -17 | -33 | -27 | -14 | -59 | -132 | -304 | -10 | -73 | ||
| Cash from Financing Activity + | -10 | 15 | -20 | -0 | -21 | 42 | 118 | 214 | 58 | -81 | ||
| Net Cash Flow | 2 | -7 | 0 | -0 | 0 | -1 | 0 | 0 | 5 | -2 | ||
| Free Cash Flow | 11 | -22 | 20 | -1 | 21 | -44 | -139 | -247 | -54 | 77 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 95% | -15% | 160% | 78% | 80% | 39% | 35% | 112% | -37% | 110% |
Financials of Yasho Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 67 | 80 | 80 | 63 | 74 | 73 | 78 | 59 | 76 | 79 | 90 |
| Inventory Days | 196 | 222 | 171 | 160 | 108 | 142 | 125 | 125 | 140 | 118 | 224 | 172 |
| Days Payable | 73 | 71 | 56 | 72 | 64 | 64 | 72 | 105 | 45 | 45 | 57 | 71 |
| Cash Conversion Cycle | 184 | 219 | 195 | 167 | 106 | 152 | 126 | 99 | 154 | 150 | 246 | 191 |
| Working Capital Days | 115 | 129 | 4 | -2 | 10 | 0 | 4 | 33 | 43 | 2 | 51 | 49 |
| ROCE % | 11% | 14% | 15% | 17% | 15% | 20% | 29% | 22% | 13% | 7% | 8% |
Guidance history
How Yasho Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | Planned | — | — |
| Q4 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
46 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 | +111.9% | 94% |
| Last 6 months | +125.6% | 98% |
| Last 3 months | +5.9% | 76% |
The price is 32.8% below its all-time high of ₹4,915.8 (18 Aug 2026). Stocks more than 20% below their peak have their score halved, so 92 became 46.
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 Yasho Industries Ltd: 0.4 × 94 + 0.4 × 98 + 0.2 × 76 = 92, halved to 46 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 28 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 Yasho Industries Ltd's management said in earlier quarters
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