India specialty chemicals maker: antioxidants, aroma, rubber & lubricant additives for global MNC customers
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 314 | +58.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.0 | +6.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 36.0 | +500.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 13.19 | +4.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 9.28 | +16.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 34.14 | +9.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
6 of 10 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY27 EBITDA Margin | Guidance of improvised EBITDA to 20% or so | Q4 FY26 | Achieved 24.2% in Q1 FY27, significantly exceeding the full-year target. Management is confident of sustaining this level. | Achieved |
| FY28 Revenue Target | INR 1,500 crores revenue target to be achieved by FY '28 | Q4 FY26 | Revised FY28 revenue target to more than Rs. 1,600 crores. | Revised Up |
| MNC Contract Commercialization | Plant becoming operational by Q4 FY27 | Q2 FY26 | Pakhajan Phase 1 confirmed to be operational by Q1 FY28, consistent with the delayed timeline for revenue realization. | On Track |
4 of Yasho Industries Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹1,594.4 on 24 Oct 2025 → ₹3,808.4. High ₹4,915.8 (18 Aug 2026), low ₹1,165.7 (8 Jan 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
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
close before → close after
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.
Guidance
6 of 10 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY27 EBITDA Margin | Guidance of improvised EBITDA to 20% or so | Q4 FY26 | Achieved 24.2% in Q1 FY27, significantly exceeding the full-year target. Management is confident of sustaining this level. | Achieved |
| FY28 Revenue Target | INR 1,500 crores revenue target to be achieved by FY '28 | Q4 FY26 | Revised FY28 revenue target to more than Rs. 1,600 crores. | Revised Up |
| MNC Contract Commercialization | Plant becoming operational by Q4 FY27 | Q2 FY26 | Pakhajan Phase 1 confirmed to be operational by Q1 FY28, consistent with the delayed timeline for revenue realization. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 20 tracked commitments, with each call’s wording and source.
Call summaries
Yasho Industries Limited Q1 FY27
Yasho Industries delivered a strong Q1 FY27, reporting record revenue and significant EBITDA margin expansion driven by volume growth and improved product mix. The company also strengthened its balance sheet with better working capital management and reduced leverage. Strategic capex plans were revised upwards to support future growth, though supply chain and logistics challenges persist.
Read the full callYasho Industries Q4 FY26
Yasho Industries delivered a resilient performance in Q4 FY26 and full year FY26, demonstrating strong revenue and EBITDA growth despite a challenging global environment. The company achieved significant volume growth and improved its debt-to-EBITDA ratio. Management outlined ambitious targets for FY27 and FY28, including INR1,500 crores revenue by FY28, driven by enhanced capacity utilization and strategic investments in R&D and Pakhajan expansion, while navigating supply chain and pricing pressures.
Read the full callYasho Industries Q3 FY26
Yasho Industries delivered robust revenue growth in Q3 FY26 and 9M FY26, supported by improved demand and volume traction. Profitability remained healthy despite gross margin compression due to product mix shifts. Strategic capex projects are on track, and the company is actively diversifying markets to mitigate tariff impacts and drive future growth, while focusing on improving Pakhajan utilization and financial leverage.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +500% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 162 | 151 | 190 | 198 | 176 | 198 | 245 | 314 |
| Expenses | 134 | 124 | 157 | 164 | 145 | 166 | 205 | 241 |
| Operating profit | 29 | 27 | 34 | 34 | 31 | 32 | 40 | 73 |
| Operating margin | 18.0% | 18.0% | 18.0% | 17.0% | 18.0% | 16.0% | 16.0% | 23.0% |
| Other income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Interest | 14 | 16 | 14 | 14 | 14 | 14 | 14 | 11 |
| Depreciation | 12 | 13 | 13 | 13 | 13 | 14 | 14 | 14 |
| Profit before tax | 2 | -2 | 7 | 8 | 4 | 5 | 13 | 49 |
| Tax rate | 16.0% | −53.0% | 39.0% | 25.0% | 29.0% | 25.0% | 26.0% | 25.0% |
| Net profit | 2 | -1 | 4 | 6 | 3 | 4 | 9 | 36 |
| EPS (₹ per share) | 1.80 | -0.82 | 3.55 | 4.67 | 2.38 | 2.90 | 7.87 | 30.22 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 672 | 596 | 679 | 817 |
| Expenses | 557 | 498 | 565 | 680 |
| Operating profit | 115 | 99 | 116 | 137 |
| Other income | 12 | 6 | 1 | 0 |
| Interest | 16 | 14 | 58 | 56 |
| Depreciation | 20 | 16 | 50 | 54 |
| Profit before tax | 90 | 77 | 8 | 30 |
| Net profit | 68 | 58 | 6 | 22 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 12 | 12 | 12 |
| Reserves | 162 | 226 | 282 | 409 | 415 | 429 |
| Borrowings | 179 | 324 | 579 | 583 | 584 | 558 |
| Other liabilities | 131 | 87 | 119 | 90 | 118 | 161 |
| Total liabilities | 483 | 648 | 992 | 1,093 | 1,130 | 1,160 |
| Fixed assets | 161 | 177 | 203 | 624 | 610 | 634 |
| Capital work in progress | 1 | 124 | 461 | 1 | 35 | 10 |
| Investments | 0 | 0 | 5 | 5 | 0 | 6 |
| Other assets | 322 | 347 | 323 | 463 | 485 | 510 |
| Total assets | 483 | 648 | 992 | 1,093 | 1,130 | 1,160 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 35 | 16 | 14 | 90 | -44 | 151 |
| Cash from investing | -14 | -59 | -132 | -304 | -10 | -73 |
| Cash from financing | -21 | 42 | 118 | 214 | 58 | -81 |
| Net cash flow | 0 | -1 | 0 | 0 | 5 | -2 |
| Free cash flow | 21 | -44 | -139 | -247 | -54 | 77 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 73 | 78 | 59 | 76 | 79 | 90 |
| Inventory days | 125 | 125 | 140 | 118 | 224 | 172 |
| Days payable | 72 | 105 | 45 | 45 | 57 | 71 |
| Cash conversion cycle | 126 | 99 | 154 | 150 | 246 | 191 |
| Working capital days | 4 | 33 | 43 | 2 | 51 | 49 |
| Return on capital employed | 20.0% | 29.0% | 22.0% | 13.0% | 7.0% | 8.0% |
| Dividend payout | 3.0% | 1.0% | 1.0% | 1.0% | 10.0% | 3.0% |
Ownership
Promoters hold 67.91% as of Sept 2026; institutions added 0.70 pts since Jun 2026.
Named in the Sep 2026 filing
Every holder of Yasho Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 23.43% | unchanged | |
| 11.26% | unchanged | |
| 10.64% | unchanged | |
| 6.43% | unchanged | |
| 5.68% | unchanged | |
| FPI fund | 3.95% | −0.42 pp |
| 3.78% | unchanged | |
| 3.69% | unchanged | |
| 3.00% | unchanged | |
| Corporate | 1.64% | −0.35 pp |
| 1.52% | unchanged | |
| 1.48% | −0.60 pp |
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.
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