Company Disclosures: Investor Presentation Q1FY27

Company Overview

Yasho Industries Limited (YIL) is a specialty chemicals manufacturer incorporated in 1985 by the Jhaveri Family, commencing manufacturing operations in 1993. The company produces high-performance ingredients used across industrial and consumer applications, including lubricant additives and rubber chemicals. It operates with integrated manufacturing capabilities and a focus on product innovation and process efficiency.

Manufacturing Facilities

Pakhajan Plant: Spread across 42 acres with present land utilization at 25% of available land parcel. The plant has scalable infrastructure and an in-house research facility. The company incurred capex of ₹18.05 crore on this plant during the current year. At optimal utilization, the existing site has potential peak revenue capacity of ₹800-850 crore.

Vapi Plant: A multi-functional manufacturing unit strategically located near key ports. At optimal utilization, the site has potential peak revenue capacity of ₹650-700 crore.

Research & Development

The company maintains a strong in-house R&D team comprising more than 50 researchers operating from a dedicated facility spread across 25,000+ sq. ft. located at the Pakhajan plant.

Q1 FY27 Financial Performance (Consolidated)

Revenue & Profitability:

  • Revenue from Operations: ₹307.74 crore (Q1FY26: ₹198.64 crore)
  • Total Income: ₹309.06 crore, up 55.29% YoY
  • Gross Profit: ₹130.99 crore, up 62.05% YoY
  • Gross Profit Margin: 42.38% (Q1FY26: 40.62%)
  • EBITDA: ₹74.42 crore, up 127.61% YoY
  • EBITDA Margin: 24.18% (Q1FY26: 16.46%)
  • EBIT: ₹60.26 crore, up 208.81% YoY
  • EBIT Margin: 19.58% (Q1FY26: 9.82%)
  • Profit Before Tax: ₹48.97 crore (Q1FY26: ₹5.74 crore)
  • Profit Before Tax Margin: 15.91% (Q1FY26: 2.89%)
  • Profit After Tax: ₹36.05 crore (Q1FY26: ₹3.64 crore)
  • PAT Margin: 11.72% (Q1FY26: 1.83%)

Cost Structure:

  • Cost of Material Consumed: ₹214.31 crore
  • Change in Inventories: -₹36.24 crore
  • Total Raw Material: ₹178.07 crore
  • Employee Expenses: ₹20.21 crore
  • Other Expenses: ₹36.37 crore
  • Depreciation: ₹14.16 crore
  • Finance Cost: ₹11.28 crore (Q1FY26: ₹13.77 crore)
  • Tax: ₹12.92 crore

Operational Performance

  • Volume growth of 42% year-on-year in Q1FY27
  • Capacity utilization stood at more than 65% in Q1FY27
  • Working capital cycle reduced from 190 days to 143 days
  • Debt-to-EBITDA ratio improved to 1.86x in Q1FY27 from 3.75x in Q4FY26

Business Updates

Growth Drivers: Additional off-take by existing customers, acquisition of marquee international customers, and foray into Asian and African geographies. Margin improvement achieved through improved product mix, cost efficiencies, and operating leverage.

Credit Rating Upgrade: Bank loan ratings upgraded/assigned by CRISIL and ICRA from BBB+ to A-.

Capex Update: Total capex outlay for FY27 increased from ₹125 crore to ₹250 crore. Amount already spent: ₹18.73 crore. The company will borrow approximately ₹100 crore during FY27 while maintaining Debt-EBITDA below 2.5x. The capex will be utilized to construct 2 new buildings at Pakhajan to add new capacities for products developed by the company's R&D, based on firm enquiries from international customers.

MNC Contract: For the MNC contract signed last year, the company has received ₹98.12 crore to date and paid advances to vendors of ₹70.89 crore. Equipment deliveries are expected to be completed in Q3FY27. Trial production to commence from Q4FY27 with expected commercialization in Q1FY28.

Guidance and Outlook

  • Revised FY28 revenue target to more than ₹1,600 crore
  • Optimistic about achieving 30% to 40% annual growth rate over the next two to three years
  • Expansion into industrial chemicals focusing on products with opportunities from global demand

Shareholder Information (as of July 31, 2026)

  • Market Capitalization: ₹4,652.47 crore
  • Shares Outstanding: 12.1 million
  • Free Float: ₹1,492.92 crore (24.11%)

Board of Directors

  • Mr. Anurag Surana (Non-Executive Independent Director)
  • Mr. U R Bhat (Non-Executive Independent Director)
  • Dr. Prakash Bhate (Non-Executive Independent Director)
  • Mrs. Sudha Navandar (Non-Executive Independent Director)

Key Management Contacts

  • Mr. Chirag Shah (Chief Financial Officer)
  • Investor Relations: Ms. Sejal Bhattar, Mr. Nikunj Seth