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Yash Highvoltage Ltd (544310)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544310 NSE: Electric Equipment | Small Cap | Yash Highvoltage Share Price

₹842.05 19.30 (2.35%)

As on 06-Jul'26 11:52

Yash Highvoltage Ltd (544310)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544310 NSE: Electric Equipment | Small Cap | Yash Highvoltage Share Price

₹842.05 19.30 (2.35%)

As on 06-Jul'26 11:52

Key Metrics
Valuation Multiples
Market Cap
₹2,354 Cr.
Current Price
₹842.1
52-Week Low / High
₹366 / 940
TTM EPS
₹13.1
TTM Sales
₹235 Cr.
Book Value per Share
₹64.3
P/E Ratio
63.04
Industry PE
53.7
Price to Book (P/B)
12.79
Price to Sales (P/S)
10.01
EV/EBITDA
36.89
Dividend Yield
0.12%
Profitability Efficiency
Return on Equity (ROE)
22.61%
Outperforms industry median
Return on Capital Employed (ROCE)
28.57%
Outperforms industry median
Return on Assets (ROA)
15.69%
Operating Profit Margin
21.3%
Net Profit Margin
14.26%
Gross Profit Margin
20.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
38.4%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
48.77%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
73.64%
Asset Quality
Promoter Holding
57.94%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹170 Cr.
Equity
₹14.3 Cr.
Face Value
₹5
All Time Low / High
₹145.00 / 940.00

Yash Highvoltage stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Yash Highvoltage Ltd a good quality company?
Yash Highvoltage Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Yash Highvoltage Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Yash Highvoltage Ltd vs industry peers?
Yash Highvoltage Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Yash Highvoltage Ltd?
Promoters hold 57.94% of the Yash Highvoltage Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Yash Highvoltage Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 232.26% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Yash Highvoltage Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'14Mar'15Mar'16Mar'17Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.5%12.9%17.9%18.3%0%0%68.1%48.4%44.9%28.6%-
Value Creation
Index
0.2-0.10.30.3NANA3.92.52.21.0-

Growth Parameters

Sales 66.28.511.80065.190.4108150235
Sales YoY Gr.-3.8%35.6%39.7%-100%NANA38.9%20.1%38.4%-
Adj EPS 0.100.20.4003.95.25.37.313.1
YoY Gr.--60%500%50%-100%NANA33.8%2.3%38.2%-
BVPS (₹) 111.31.60011.114.51951.764.3
Adj Net
Profit
0.100.30.6008.611.511.82137
Cash Flow from Ops. 1.11.4-0.52007.39.110.39.2-
Debt/CF from Ops. 3.73.3-7.32.60010.90.72.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 43%NA32.2%38.4%
Adj EPS 61.2%NA23.7%38.2%
BVPS55.5%NA67.1%171.6%
Share Price - - - 122.3%

Key Financial Parameters

Mar'14Mar'15Mar'16Mar'17Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.33.720.828.80063.540.731.722.122.5
Op. Profit
Mgn %
15.319.41614.40022.321.318.621.3NAN
Net Profit
Mgn %
20.73.34.90013.212.710.81415.9
Debt to
Equity
3.53.82.62000.30.20.20.2-
Working Cap
Days
14414814517300861191351540
Cash Conv.
Cycle
4120241100305045520

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'22Mar'23Mar'24Mar'25
Sales6668126590108150
Operating Expenses + 555710517187118
Manufacturing Costs000015789
Material Costs2235635475579
Employee Cost 11111581215
Other Costs 11112691215
Operating Profit 1111215192232
Operating Profit Margin (%) 18.6%15.3%19.4%15.9%14.0%22.3%21.2%19.8%21.3%
Other Income + 000000012
Exceptional Items 000000000
Interest 001101123
Depreciation 001011223
Profit Before Tax 0000112161828
Tax 000004557
Profit After Tax 000019111221
PAT Margin (%) 5.3%2.9%0.8%3.6%4.7%13.4%12.6%11.4%14.3%
Adjusted EPS (₹)0.30.10.00.30.33.95.25.67.5
Dividend Payout Ratio (%)0%0%0%0%0%29.80%28.50%0%13.30%

Valuation of Yash Highvoltage - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 11123253242148
Share Capital 0000033314
Reserves 11112212939133
Debt +2434476520
Long Term Debt111234456
Short Term Debt1222132013
Minority Interest000000000
Trade Payables111258141620
Others Liabilities 1121147815
Total Liabilities 577814435970202

Fixed Assets

Net Fixed Assets +2344614171841
Gross Block2354723272954
Accumulated Depreciation001018101114
CWIP 010000058
Investments 000000000
Inventories1111212162230
Trade Receivables121349161328
Cash Equivalents 0000056372
Others Assets 00111131025
Total Assets 577814435970202

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 011-1279149
PBT 0000112161828
Adjustment 111112346
Changes in Working Capital 000-20-4-5-3-18
Tax Paid -1-0-0-0-0-4-5-4-7
Cash Flow From Investing Activity + -0-2-10-3-10-4-9-84
Capex -0-1-10-3-7-4-13-38
Net Investments 00000004-47
Others 0-1000-3-001
Cash Flow From Financing Activity + -01-0013-5-597
Net Proceeds from Shares 0000100084
Net Proceeds from Borrowing 000003011
Interest Paid -0-0-1-1-0-1-1-2-3
Dividend Paid 00000-1-4-20
Others 020113-0-114
Net Cash Flow -00-0-0000022

Financial Ratio

PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)32.6516.084.4322.6227.4164.3940.3733.3722.61
ROCE (%)25.0816.4912.8617.8718.2868.0648.444.928.57
Asset Turnover Ratio1.461.140.971.211.172.291.771.681.1
PAT to CFO Conversion(x)N/AN/AN/AN/A20.780.821.170.43
Working Capital Days
Receivable Days71.4081.5064.2072.4094.5037.3052.3048.7049
Inventory Days45.3048.4048.1040.8051.6041.8058.206462.40
Payable Days150.10175.30168.90137.1022469.2084.809982.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Yash Highvoltage Ltd FAQs

The current trading price of Yash Highvoltage on 06-Jul-2026 11:52 is ₹842.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Jul-2026 the market cap of Yash Highvoltage stood at ₹2,353.9 Cr

The latest P/E ratio of Yash Highvoltage as of 05-Jul-2026 is 63.04.

The latest P/B ratio of Yash Highvoltage as of 05-Jul-2026 is 12.79.

The 52-week high of Yash Highvoltage is ₹940.0 and the 52-week low is ₹366.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Yash Highvoltage is ₹235 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Yash Highvoltage Ltd is a good quality company.

The key valuation ratios of Yash Highvoltage Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Yash Highvoltage Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Yash Highvoltage Ltd

Yash Highvoltage Limited was originally incorporated as a private limited company under the Companies Act 1956 in the name and style of ‘Yash Highvoltage Insulators Private Limited’ pursuant to certificate of incorporation dated June 06, 2002 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Pursuant to special resolution passed by the shareholders at the Extra Ordinary General Meeting, held on February 05, 2018, the name of the company was changed to ‘Yash Highvoltage Private Limited’ vide a fresh Certificate of Incorporation dated February 13, 2018 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 19, 2018, the company was converted into a public limited company and consequently the name of the company was changed from ‘Yash Highvoltage Private Limited’ to ‘Yash Highvoltage Limited’ vide a fresh certificate of incorporation dated March 07, 2018 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad.

The Company was originally incorporated as ‘Yash Highvoltage Insulators Private Limited’ in 2002 by a group of technocrats to manufacture Fiber Reinforced Polymer Cylinders and high-current bushing products. In 2008, Keyur Shah acquired the Company and transformed it into a successful and profitable organisation. Keyur Shah is a first-generation entrepreneur and the Promoter and Managing Director of the Company, with a vision to be among the top transformer bushing manufacturers globally. The company was converted to a Limited Company and the name was changed to ‘Yash Highvoltage Limited’ in 2018. 

The company is engaged in the manufacturing and distribution of wide range of transformer bushings - Oil Impregnated Paper (OIP) condenser bushing, Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) condenser bushing, High Voltage and High Current bushing, OIP Wall bushing and Oil to Oil bushing. The company also undertakes repairing, retrofitting and replacement services of old bushings. Its manufacturing facility is fully equipped with in-house quality testing facilities. Through its team of experienced engineers, it provides on-site/off-site bushings technical testing, analysis and repairing services.

Business area of the company

The company is engaged in the business of manufacturing of high end transformer bushings.

Products of the company

  • High Current Bushings
  • OIP Condenser Bushings
  • OIP Wall Bushings / Oil to Oil Bushings
  • RIP / RIS Condenser Bushings

Awards, accreditations or recognition

  • 2009: ISO 9001:2015 Certificate for design, manufacture and supply of transformer bushings and FRP Cylinder.
  • 2013: Certificate of Merit by the Federation of Gujarat Industries for its exceptional work in Research in Science & Technology, specifically for the indigenous development of High Current Transformer Bushings and Fiber Glass Products aimed at import substitution.
  • 2016: Certificate of Merit for excellence in the field of Outstanding MSME from Federation of Gujarat Industries (FGI) in 2016 at the “FGI Awards for Excellence 2015”.
  • 2016: Received Switch Global Expo 2016 Participation certificate for exhibiting products and services at the SWICH Global Expo 2016 organised by Federation of Gujarat Industries (FGI) from October 6, 2016 to October 10, 2016, at Vadodara.
  • 2017: Featured in the special edition on Bushings - November 2017 of the international magazine “Transformers” wherein the features of its products were highlighted.
  • 2019: Certificate of Appreciation awarded in 2019 during the Vendor Meet-2019 by Bharat Heavy Electricals Limited (BHEL), Jhansi for the best supplier in the category “For carrying out Import substitution under Make in India Initiative” for supplying products to BHEL.
  • 2020: Certificate of Honour presented as distinguished guest on the occasion of Exclusive Program for SMEs on “Enhancing Export- to $200 Billion” in Vadodara organised on January 30, 2020 by INDIA SME FORUM, Gujarat Chapter, United Growth Foundation.
  • 2023: Appreciation for Development is awarded by Bharat Heavy Electricals Limited (BHEL) for development made for RIP Bushing (245 kV) in BHEL SAMVAAD 3.0 organised on November 09, 2023.
  • 2024: Accreditation by the National Accreditation Board for Testing and Calibration Laboratories, for compliance with the ISO/IEC 17025:2017 standard, which outlines the general requirements for the competence of testing and calibration laboratories.
  • 2024: Certificate of Recognition awarded for establishing new product development & creating value to customer awarded by GE T&D India Limited in Global Supplier Partner Conference organised on September 26, 2024.
  • 2024: Awarded for Valuable contribution in ‘Mission for Conservation of Transformers’ organized by TRAFO CARE on February 6-7, 2024.

History and milestones

  • 2002: The company was incorporated as a private limited company under the name of ‘Yash Highvoltage Insulators Private Limited’. 
  • 2012: The majority shareholding in the Company i.e. 69.86% has been acquired by its Promoter i.e., Keyur Girishchandra Shah. 
  • 2016: The company launched a new product line i.e., RIP Transformer Bushing and dry type RIP/RIS bushing in collaboration with M/s. MGC Moser Glaser AG, Switzerland.
  • 2018: The name of the company was changed from ‘Yash Highvoltage Insulators Private Limited’ to ‘Yash Highvoltage Private Limited’.
  • 2018: The company was converted into Public Limited Company under the name of ‘Yash Highvoltage Limited’.
  • 2021: The company achieved the milestone of Rs 3,700 lakh from Revenue from Operations.
  • 2022: The company achieved the milestone of Rs 6,500 lakh from Revenue from Operations.
  • 2023: The company achieved the milestone of Rs 9,000 lakh from Revenue from Operations.
  • 2024: The company achieved the milestone of Rs 10,848 lakh in Revenue from Operations.

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