Annual Report 2025-26: Yasho Industries Limited
Financial Performance Highlights
Yasho Industries Limited reported strong financial results for FY25-26 with consolidated revenue from operations of ₹83,003 lakhs (₹830.03 crore), representing 22.85% YoY growth from the previous year's ₹67,564 lakhs. Net profit surged 312.74% to ₹2,526 lakhs (₹25.26 crore), with basic and diluted EPS of ₹20.95 compared to ₹5.32 in FY25. The company maintained strong export performance with 62% of total revenue coming from international markets across 50+ countries.
Key Strategic Developments
The company secured a significant 15-year long-term supply agreement with a global MNC for lubricant additives, expected to generate ₹150 crore in annual revenue starting Q1 FY28. The agreement includes customer advances of ₹27.45 crore and customer-funded capex of ₹85-90 crore for plant setup at the Pakhajan facility. Commercial supply is expected to commence by Q4 FY27.
Capacity Expansion and R&D Investment
Yasho Industries invested ₹65.90 crore in capacity expansion, including two new manufacturing lines and a new 25,000 sq ft R&D laboratory at the Pakhajan facility with an investment of ₹25.30 crore. The Pakhajan greenfield project was completed with total investment of ₹48,851.41 lakhs including land acquisition. Total manufacturing capacity stands at 20,000 MTPA with approximately 60% utilization across four facilities.
Balance Sheet and Financial Position
Total assets stood at ₹115,506.37 lakhs with property, plant and equipment of ₹60,511.63 lakhs. Inventory was valued at ₹25,605.85 lakhs while trade receivables were ₹18,116.50 lakhs. Total borrowings were ₹54,094.07 lakhs with a gearing ratio of 54.09%, including secured term loans of ₹23,913.37 lakhs and working capital facilities of ₹36,550 lakhs.
Corporate Governance and Director Appointments
The Board approved the reappointment of Mr. Parag Jhaveri as Managing Director & CEO and Mr. Yayesh Jhaveri as Whole Time Director with revised remuneration effective April 1, 2026. Both directors, with over 25-30 years of industry experience, received past remuneration of ₹388.65 lakhs and ₹299.71 lakhs respectively in FY26. The board also reappointed Mr. Ullal Ravindra Bhat and Mr. Anurag Surana as Independent Directors for a second five-year term.
Dividend and Shareholding Pattern
The board recommended a final dividend of ₹0.50 per equity share. Promoter holding stood at 67.91% with public holding at 32.09%, following the reclassification of Mr. Rajanikant Desai, Mrs. Kalpana Desai and Rajanikant Desai HUF from "Promoter Group" to "Public" shareholder effective February 6, 2026.
Subsidiaries and Global Presence
The company's wholly-owned subsidiaries, Yasho Industries Europe B.V. (incorporated June 2021) and Yasho Inc. (incorporated August 2023), contributed revenue of ₹5,397.01 lakhs and PAT of ₹533.24 lakhs. The company maintains REACH compliance with European Chemicals Agency and holds multiple quality certifications including ISO, HALAL, KOSHER, and FSSC.
Future Outlook and Growth Targets
Yasho Industries targets revenue of ₹1,500 crore by FY27-28, driven by capacity utilization improvement, new product introductions, and geographic expansion. The company continues to strengthen its position as an innovation-driven specialty chemicals manufacturer with a global footprint, supported by its new R&D capabilities and long-term customer engagements.
Compliance and Regulatory Status
The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and received an unqualified audit opinion from Gokhale & Sathe. The company maintains IND BBB+/Positive/IND A2+ credit rating from India Ratings & Research and complied with all SEBI Listing Regulations and Companies Act requirements.