YASHO

Yasho Industries share price & financials

Price
₹3,010.7
Market cap
₹5.2k Cr
Sector
Chemicals
Calls analysed
6
Latest concall · Q1 FY27 · call held 03 Aug 2026

Yasho Industries Limited Q1 FY27

Revenue ₹308 cr EBITDA ₹74.42 cr EBITDA Margin 24.2% PAT ₹36 cr

What went well

  • Achieved highest quarterly revenue of ₹308 crores, driven by a 42% increase in volume on a year-on-year basis.
  • EBITDA margin significantly expanded to 24.2% (₹74.42 crores) from 17%, attributed to improved product mix and capacity utilization.
  • Net debt to EBITDA ratio improved to 1.86x as of June 30, 2026, compared with 3.75x at the end of Q4 FY26.

What to watch

  • Facing genuine supply issues on the raw material side.
  • Experiencing challenges with export container booking, leading to longer gestation periods of 3-4 weeks.
Read the full call →

What Yasho Industries Limited does

Yasho Industries is a specialty and fine chemicals manufacturer, incorporated in 1985 and running manufacturing operations since 1993, producing food antioxidants, aroma chemicals, rubber chemicals, lubricant additives and other specialty chemicals used in tyres, lubricants, personal care, food, agrochemical and pharmaceutical applications. It sells under its own brands — YANTQ (food antioxidants) and YALUB (lubricant-additive chemicals) — to multinational customers across more than 50 countries, with production based at manufacturing sites in Vapi and the newer Pakhajan (Dahej) greenfield unit, both in Gujarat. The company runs in-house R&D centres at both sites and has set up wholly-owned overseas subsidiaries in the Netherlands and the USA to support its international customer base.

Segments

  • Industrial Division
  • Consumer Division
Installed manufacturing capacity
32,500 MTPA
Manufacturing sites
2 sites, 4 production units — Vapi (3 units) and Pakhajan, Dahej (Gujarat)
Total product portfolio
140+ in-house developed products
Business verticals
5 verticals across 2 divisions — Food Antioxidants, Aroma Chemicals, Rubber Chemicals, Lubricant Additives, Specialty Chemicals
Countries served
50+
Overseas subsidiaries
2 wholly-owned — Netherlands (set up 2021) and USA (set up 2024, warehouse operational March 2025)
Founded 1985Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 6 delivered 4 missed 10 open
  • FY27 EBITDA Margin delivered said Q4 FY26 Promised: Guidance of improvised EBITDA to 20% or so Q1 FY27: Achieved 24.2% in Q1 FY27, significantly exceeding the full-year target. Management is confident of sustaining this level.
  • FY28 Revenue Target revised up said Q4 FY26 Promised: INR 1,500 crores revenue target to be achieved by FY '28 Q1 FY27: Revised FY28 revenue target to more than Rs. 1,600 crores.
  • MNC Contract Commercialization on track said Q2 FY26 Promised: Plant becoming operational by Q4 FY27 Q1 FY27: Pakhajan Phase 1 confirmed to be operational by Q1 FY28, consistent with the delayed timeline for revenue realization.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 54.8%, net profit up 800.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue167 149 185 199 183 +10%202 +36%246 +33%308 +55%
EBITDA31 27 36 33 33 +6%33 +22%44 +22%73 +121%
Net profit4 -1 5 4 5 +25%4 +500%12 +140%36 +800%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +134.0% 1Y

₹1.0k₹2.0k₹3.0k₹4.0k₹5.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 19 May 2026Q1 FY27 — 3 Aug 2026

1Y: ₹1,789.4 on 10 Sept 2025 → ₹4,187.5. High ₹4,915.8 (18 Aug 2026), low ₹1,165.7 (8 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
+0.7%
3 Aug
Q4 FY26
+6.5%
19 May
Q3 FY26
−0.3%
13 Feb
Q2 FY26
−2.7%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 7.3% a year over 3 years, FY23 to FY26. Operating margin held at 17.2%.

Year endingFY23FY24FY25FY26
Revenue₹672 Cr₹593 Cr₹675 Cr₹830 Cr
Operating profit₹115 Cr₹99 Cr₹117 Cr₹143 Cr
Operating margin17.1%16.7%17.3%17.2%
Interest₹16 Cr₹15 Cr₹61 Cr₹57 Cr
Depreciation₹20 Cr₹16 Cr₹50 Cr₹54 Cr
Net profit₹68 Cr₹59 Cr₹6 Cr₹25 Cr
Net margin10.2%9.9%0.9%3.0%
Cash from operations₹13 Cr₹90 Cr₹-41 Cr₹151 Cr
Free cash flow₹-140 Cr₹-246 Cr₹-51 Cr₹77 Cr
ROCE23.0%13.0%7.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹12 Cr₹12 Cr
Reserves₹68 Cr₹162 Cr₹227 Cr₹283 Cr₹415 Cr₹432 Cr
Borrowings₹162 Cr₹179 Cr₹324 Cr₹579 Cr₹584 Cr₹558 Cr
Other liabilities₹65 Cr₹131 Cr₹88 Cr₹119 Cr₹118 Cr₹153 Cr
Total liabilities₹305 Cr₹483 Cr₹650 Cr₹993 Cr₹1.1k Cr₹1.2k Cr
Fixed assets₹120 Cr₹161 Cr₹177 Cr₹203 Cr₹610 Cr₹634 Cr
Capital work in progress₹0 Cr₹1 Cr₹124 Cr₹461 Cr₹35 Cr₹10 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹185 Cr₹322 Cr₹349 Cr₹329 Cr₹485 Cr₹511 Cr
Total assets₹305 Cr₹483 Cr₹650 Cr₹993 Cr₹1.1k Cr₹1.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.27 pp while FIIs trimmed −1.24 pp. The shareholder count shrank 15% to 22,695.

Promoters
67.9%
FIIs
5.7%
DIIs
2.2%
Public
24.1%

Since Jun 2025

  • DIIs +1.27 pp
  • FIIs −1.24 pp
  • Promoters −0.08 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.1% to 5.7% — +5.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 71.5%, FIIs 0.1%, Public 28.3%.Dec '23: Promoters 72.3%, FIIs 0.1%, Public 27.5%.Mar '24: Promoters 71.9%, FIIs 1.1%, Public 27.0%.Jun '24: Promoters 71.9%, FIIs 1.0%, Public 27.1%.Sep '24: Promoters 71.9%, FIIs 1.0%, DIIs 0.1%, Public 27.0%.Dec '24: Promoters 71.9%, FIIs 1.4%, DIIs 0.3%, Public 26.4%.Mar '25: Promoters 68.0%, FIIs 7.2%, DIIs 0.5%, Public 24.3%.Jun '25: Promoters 68.0%, FIIs 7.0%, DIIs 0.9%, Public 24.1%.Sep '25: Promoters 68.0%, FIIs 6.9%, DIIs 1.0%, Public 24.1%.Dec '25: Promoters 68.0%, FIIs 7.0%, DIIs 1.1%, Public 23.9%.Mar '26: Promoters 67.9%, FIIs 5.7%, DIIs 2.0%, Public 24.4%.Jun '26: Promoters 67.9%, FIIs 5.7%, DIIs 2.2%, Public 24.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Yasho Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vinod Harilal Jhaveri 23.43%unchanged
Yayesh Vinod Jhaveri 11.26%unchanged
Parag Vinod Jhaveri 10.64%unchanged
Neha Parag Jhaveri 6.43%unchanged
Payal Yayesh Jhaveri 5.68%unchanged
Malabar India Fund Limited FPI fund4.37%unchanged
Dishit Parag Jhaveri 3.78%unchanged
Yayesh Vinod Jhaveri (Huf) 3.69%unchanged
Parag Vinod Jhaveri (Huf) 3.00%unchanged
Ashish Kacholia 2.08%−0.19 pp
Bengal Finance And Investment Pvt Ltd Corporate1.99%unchanged
Aniruddha Narayan Malpani 1.52%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Yasho Industries Limited

Guides on how to read this kind of business and the numbers that matter.