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About
Yash Highvoltage Ltd (544310)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544310 NSE: Electric Equipment | Small Cap | Yash Highvoltage Share Price
₹942.95 21.95 (2.38%)
As on 14-Aug'26 16:59
Yash Highvoltage Ltd (544310)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544310 NSE: Electric Equipment | Small Cap | Yash Highvoltage Share Price
₹942.95 21.95 (2.38%)
As on 14-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹2,699 Cr.
Current Price
₹943
52-Week Low / High
₹366 / 1,025
TTM EPS
₹13
TTM Sales
₹235 Cr.
Book Value per Share
₹63.6
P/E Ratio
72.29
Higher than its 3-year historical median
Industry PE
56.2
Price to Book (P/B)
14.84
Higher than its 3-year historical median
Price to Sales (P/S)
11.48
Higher than its 3-year historical median
EV/EBITDA
43.38
Higher than its 3-year historical median
Dividend Yield
0.15%
Profitability Efficiency
Return on Equity (ROE)
22.68%
Outperforms industry median
Return on Capital Employed (ROCE)
28.07%
Outperforms industry median
Return on Assets (ROA)
15.95%
Operating Profit Margin
24.1%
Net Profit Margin
15.88%
Gross Profit Margin
24.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
57.22%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
74.19%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
74.08%
Asset Quality
Promoter Holding
57.94%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹168 Cr.
Equity
₹14.3 Cr.
Face Value
₹5
All Time Low / High
₹145.00 / 1025.00
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of Yash Highvoltage Ltd vs industry peers?
Yash Highvoltage Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 12.87%, indicating slower growth and losing its market share.
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.
Stock return of Yash Highvoltage Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 79.3% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'15 | Mar'16 | Mar'17 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.9% | 17.9% | 18.3% | 0% | 0% | 68.1% | 48.4% | 44.9% | 28.7% | 28.1% | - |
| Value Creation Index ⓘ | -0.1 | 0.3 | 0.3 | NA | NA | 3.9 | 2.5 | 2.2 | 1.1 | 1.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 6.2 | 8.5 | 11.8 | 0 | 0 | 65.1 | 90.4 | 108 | 150 | 235 | 235 |
| Sales YoY Gr. | - | 35.6% | 39.7% | -100% | NA | NA | 38.9% | 20.1% | 37.9% | 57.2% | - |
| Adj EPS ⓘ | 0 | 0.2 | 0.4 | 0 | 0 | 3.9 | 5.2 | 5.4 | 7.4 | 13 | 13 |
| YoY Gr. | - | 500% | 50% | -100% | NA | NA | 33.8% | 4.6% | 35.5% | 76% | - |
| BVPS (₹) ⓘ | 1 | 1.3 | 1.6 | 0 | 0 | 11.1 | 14.5 | 18.9 | 51.6 | 63.7 | 63.6 |
| Adj Net Profit ⓘ | 0 | 0.3 | 0.6 | 0 | 0 | 8.6 | 11.5 | 12 | 21 | 37 | 37 |
| Cash Flow from Ops. ⓘ | 1.4 | -0.5 | 2 | 0 | 0 | 7.3 | 9.1 | 14.4 | 9.5 | 8.8 | - |
| Debt/CF from Ops. ⓘ | 3.3 | -7.3 | 2.6 | 0 | 0 | 1 | 0.9 | 0.5 | 2.4 | 3.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 49.7% | NA | 37.6% | 57.2% | ||||
| Adj EPS ⓘ | 90.1% | NA | 35.6% | 76% | ||||
| BVPSⓘ | 58.5% | NA | 63.8% | 23.4% | ||||
| Share Price | - | - | - | 79.3% | ||||
Key Financial Parameters ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.7 | 20.8 | 28.8 | 0 | 0 | 63.5 | 40.7 | 32.5 | 22.2 | 22.3 | 20.5 |
| Op. Profit Mgn % ⓘ | 19.4 | 16 | 14.4 | 0 | 0 | 22.3 | 21.3 | 19.8 | 21.8 | 24.1 | NAN |
| Net Profit Mgn % ⓘ | 0.7 | 3.3 | 4.9 | 0 | 0 | 13.2 | 12.7 | 11.1 | 14.1 | 15.7 | 15.9 |
| Debt to Equity ⓘ | 3.8 | 2.6 | 2 | 0 | 0 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | - |
| Working Cap Days ⓘ | 148 | 145 | 173 | 0 | 0 | 86 | 119 | 136 | 154 | 169 | 0 |
| Cash Conv. Cycle ⓘ | 20 | 24 | 11 | 0 | 0 | 30 | 50 | 46 | 52 | 77 | 0 |
Valuation of Yash Highvoltage - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 6 | 6 | 8 | 12 | 65 | 90 | 108 | 150 | 235 |
| Operating Expenses ⓘ + | 5 | 5 | 5 | 7 | 10 | 51 | 71 | 87 | 117 | 178 |
| Operating Profit ⓘ | 1 | 1 | 1 | 1 | 2 | 15 | 19 | 22 | 33 | 57 |
| Operating Profit Margin (%) | 18.6% | 15.3% | 19.4% | 15.9% | 14.0% | 22.3% | 21.2% | 19.8% | 21.8% | 24.1% |
| Other Income ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 6 |
| Interest ⓘ | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 2 | 3 | 4 |
| Depreciation ⓘ | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 2 | 3 | 6 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 0 | 1 | 12 | 16 | 18 | 28 | 50 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 5 | 7 | 13 |
| Profit After Tax | 0 | 0 | 0 | 0 | 1 | 9 | 11 | 12 | 21 | 37 |
| PAT Margin (%) | 5.3% | 2.9% | 0.8% | 3.6% | 4.7% | 13.4% | 12.6% | 11.4% | 14.3% | 15.9% |
| Adjusted EPS (₹) | 0.3 | 0.1 | 0.0 | 0.3 | 0.3 | 3.9 | 5.2 | 5.6 | 7.5 | 13.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 29.80% | 28.50% | 0% | 13.30% | 10.70% |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1 | 1 | 1 | 2 | 3 | 25 | 32 | 42 | 147 | 182 | |
| Debt + | 2 | 4 | 3 | 4 | 4 | 7 | 6 | 5 | 20 | 29 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1 | 1 | 1 | 2 | 5 | 8 | 14 | 16 | 20 | 21 | |
| Others Liabilities ⓘ | 1 | 1 | 2 | 1 | 1 | 4 | 7 | 8 | 16 | 33 | |
| Total Liabilities ⓘ | 5 | 7 | 7 | 8 | 14 | 43 | 59 | 70 | 204 | 264 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 2 | 3 | 4 | 4 | 6 | 14 | 17 | 18 | 42 | 52 | |
| CWIP ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 5 | 8 | 52 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Inventories | 1 | 1 | 1 | 1 | 2 | 12 | 16 | 22 | 30 | 67 | |
| Trade Receivables | 1 | 2 | 1 | 3 | 4 | 9 | 16 | 13 | 28 | 31 | |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 5 | 6 | 3 | 72 | 20 | |
| Others Assets ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 10 | 25 | 38 | |
| Total Assets ⓘ | 5 | 7 | 7 | 8 | 14 | 43 | 59 | 70 | 204 | 264 | |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 0 | 1 | 1 | -1 | 2 | 7 | 9 | 14 | 10 | 9 |
| Cash Flow From Investing Activity ⓘ + | -0 | -2 | -1 | 0 | -3 | -10 | -4 | -9 | -84 | -15 |
| Cash Flow From Financing Activity ⓘ + | -0 | 1 | -0 | 0 | 1 | 3 | -5 | -5 | 96 | 1 |
| Net Cash Flow ⓘ | -0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 | 22 | -5 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 32.65 | 16.08 | 4.43 | 22.62 | 27.41 | 64.39 | 40.37 | 33.37 | 22.67 | 22.68 |
| ROCE (%) | 25.08 | 16.49 | 12.86 | 17.87 | 18.28 | 68.06 | 48.4 | 44.9 | 28.72 | 28.07 |
| Asset Turnover Ratio | 1.46 | 1.14 | 0.97 | 1.21 | 1.17 | 2.29 | 1.77 | 1.68 | 1.1 | 1.01 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 2 | 0.78 | 0.82 | 1.17 | 0.48 | 0.24 |
| Working Capital Days | ||||||||||
| Receivable Days | 71.40 | 81.50 | 64.20 | 72.40 | 94.50 | 37.30 | 52.30 | 48.70 | 48.90 | 45.10 |
| Inventory Days | 45.30 | 48.40 | 48.10 | 40.80 | 51.60 | 41.80 | 58.20 | 64 | 62.30 | 74.50 |
| Payable Days | 150.10 | 175.30 | 168.90 | 137.10 | 224 | 69.20 | 84.80 | 99 | 82.80 | 61.20 |
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Yash Highvoltage Ltd FAQs
The current trading price of Yash Highvoltage on 14-Aug-2026 16:59 is ₹943.0.
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 13-Aug-2026 the market cap of Yash Highvoltage stood at ₹2,699.3 Cr
The latest P/E ratio of Yash Highvoltage as of 13-Aug-2026 is 72.29.
The latest P/B ratio of Yash Highvoltage as of 13-Aug-2026 is 14.84.
The 52-week high of Yash Highvoltage is ₹1,025 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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