YASHOPTICS
Yash Optics & Lens financials
- Market cap
- ₹288 Cr
- Sector
- Consumer Durables
What Yash Optics & Lens Ltd does
Yash Optics & Lens manufactures, trades and distributes spectacle/optical lenses across India, spanning single-vision to advanced customized progressive lenses with multiple coating solutions across economy, premium and luxury segments. It markets in-house brands (Lustraa, Optus, Seto) and is the exclusive Indian distributor for HOYA's Pentax ophthalmic lenses and Rodenstock's Optovision lenses. Manufacturing runs out of a Mumbai facility using German and European precision machinery, with backward integration through a semi-finished and finished lens-casting facility at Vapi, Gujarat that supports captive consumption plus domestic B2B sales. Products reach the market through a pan-India offline network of distributors, opticians, optical showrooms and institutional customers under both B2B and B2C models.
Segments
- Own-brand lens manufacturing
- Exclusive brand distribution
- Backward-integrated lens casting
- Manufacturing facilities
- 2 (Mumbai + Vapi, Gujarat)
- Mumbai facility production capacity
- 2,400+ pairs/day (70% capacity utilization)
- Vapi lens-casting facility capacity
- ~10,000 pairs/day, scalable to 20,000 pairs/day
- Retail distribution reach
- 10,500+ stores
- Geographic footprint
- 20+ Indian states; exports to 30+ countries
- Product range
- 280+ products across single-vision, bifocal, progressive and special-category lenses
Quarterly results
Q4 FY26: revenue up 36.5%, net profit up 25.4% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 20 | 19 | 22 | 20 | 24 +19% | 23 +25% | 31 +36% |
| EBITDA | 6 | 7 | 8 | 6 | 7 +7% | 5 −26% | 10 +25% |
| Net profit | 4 | 4 | 5 | 5 | 5 +26% | 3 −27% | 6 +25% |
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 −14.4% 1Y
1Y: ₹142.35 on 10 Sept 2025 → ₹121.85. High ₹151 (18 Sept 2025), low ₹101.2 (23 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹18 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹4 Cr | ₹11 Cr | ₹19 Cr | ₹12 Cr | ₹69 Cr | ₹75 Cr |
| Borrowings | ₹6 Cr | ₹4 Cr | ₹11 Cr | ₹25 Cr | ₹10 Cr | ₹5 Cr |
| Other liabilities | ₹2 Cr | ₹9 Cr | ₹4 Cr | ₹5 Cr | ₹14 Cr | ₹11 Cr |
| Total liabilities | ₹12 Cr | ₹24 Cr | ₹34 Cr | ₹61 Cr | ₹118 Cr | ₹115 Cr |
| Fixed assets | ₹0 Cr | ₹4 Cr | ₹8 Cr | ₹19 Cr | ₹38 Cr | ₹42 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹21 Cr | ₹22 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹12 Cr | ₹20 Cr | ₹26 Cr | ₹35 Cr | ₹58 Cr | ₹51 Cr |
| Total assets | ₹12 Cr | ₹24 Cr | ₹34 Cr | ₹61 Cr | ₹118 Cr | ₹115 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 Mar 2026
Since Mar 2025, the public added +1.57 pp while DIIs trimmed −0.95 pp. The shareholder count shrank 12% to 1,251.
- Promoters
- 73.2%
- DIIs
- 0.0%
- Public
- 26.8%
Since Mar 2025
- Public +1.57 pp
- DIIs −0.95 pp
- FIIs −0.75 pp
How it drifted, 4 quarters
Over this window FIIs fell from 1.7% to 0.0% — −1.7 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 71.6%, FIIs 1.7%, DIIs 1.0%, Public 25.7%.Mar '25: Promoters 73.1%, FIIs 0.8%, DIIs 1.0%, Public 25.2%.Sep '25: Promoters 73.2%, DIIs 0.0%, Public 26.8%.Mar '26: Promoters 73.2%, DIIs 0.0%, Public 26.8%.
Who is on the register
Named in the Mar 2026 filing
Every holder of Yash Optics & Lens Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Tarun Manharlal Doshi | 22.13% | unchanged |
| Chirag Manharlal Doshi | 22.01% | unchanged |
| Dharmendra Manharlal Doshi | 21.77% | unchanged |
| Vijit Global Securities Private Limited | 3.16% | unchanged |
| Nisha Tarun Doshi | 2.38% | unchanged |
| Bhumika Dharmendra Doshi | 2.38% | unchanged |
| Jalpa Chirag Doshi | 2.38% | unchanged |
| Jigna Amit Maniyar | 0.07% | unchanged |
| Maulik Maheshkumar Doshi | 0.04% | unchanged |
| Sheetal Virendra Patel | 0.03% | unchanged |
| S2N Infra | 0.00% | unchanged |
| Orchid Corp | 0.00% | 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.
What the price assumes
- Growth the price implies
- 12.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Yash Optics & Lens Ltd
Guides on how to read this kind of business and the numbers that matter.