Finance - Investment · Founded 1993 · www.yashmanagement.in · BSE 511601 · · ISIN INE216B01012
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Business
Yash Management & Satellite Ltd. operates in the Finance - Investment sector in India. Its core business model involves investing in various financial instruments, which typically include equities, debt securities, and potentially other asset classes. As an investment company, it primarily generates revenue and profits through capital appreciation of its investments, dividends from equity holdings, and interest income from debt instruments. The company essentially acts as an investment vehicle or manager, deploying capital with the aim of generating returns. The "Satellite" part of its name might suggest a diversified investment approach or a historical business involvement, but its primary current stated function is investment.
Revenue Mix
Without specific financial disclosures, the company's revenue mix is generally derived from its investment activities. This typically includes:
Gains/Losses on investments (capital appreciation/depreciation)
Dividend income
Interest income from debt instruments
Specific breakdowns by asset class (e.g., equity vs. debt portfolios) or type of investment activity are not publicly available.
Industry
The Indian finance and investment industry is vast, dynamic, and highly competitive, regulated by bodies like SEBI. It includes a wide spectrum of players ranging from large asset management companies (AMCs), institutional investors, and investment banks to smaller, niche investment firms and proprietary trading houses. Yash Management & Satellite Ltd. likely operates as a relatively smaller player within this ecosystem, possibly focusing on specific market segments, strategies, or as a proprietary investment vehicle, rather than a large-scale asset manager competing with the dominant institutional players. Its positioning would be influenced by its investment philosophy, portfolio size, and historical performance.
MOAT
For a company in the investment sector, durable competitive advantages are often challenging to establish and maintain. Yash Management & Satellite Ltd. is unlikely to possess strong structural moats such as significant brand power, proprietary technology, or vast distribution networks comparable to larger financial institutions. Potential competitive advantages, if any, might stem from:
Niche Expertise: Specialized knowledge in a particular asset class, sector, or investment strategy.
Strong Investment Acumen: A proven track record of superior returns, although this is difficult to sustain consistently.
Relationships: Strong network with high-net-worth individuals or corporate clients (if it manages external funds).
However, these are often less durable than traditional moats and highly dependent on key personnel and market conditions.
Growth Drivers
Key factors that could drive growth for Yash Management & Satellite Ltd. over the next 3-5 years include:
Indian Economic Growth: A robust and growing Indian economy typically supports capital market performance.
Financialization of Savings: Increasing penetration of financial products and a shift from physical assets to financial assets among Indian households.
Favorable Regulatory Environment: Supportive policies from SEBI and other financial regulators can boost market activity.
Successful Investment Strategies: Outperforming market benchmarks through astute investment decisions.
Expansion of Investment Mandates: Diversifying into new asset classes or geographies if applicable.
Risks
Market Volatility: The value of its investments is directly exposed to fluctuations in equity, debt, and other capital markets.
Economic Downturns: A slowdown in the Indian or global economy can negatively impact asset values and investment performance.
Regulatory Changes: Changes in SEBI regulations regarding investment activities, capital requirements, or taxation could affect operations.
Competition: Intense competition from numerous domestic and international players in the investment space.
Poor Investment Performance: Failure to generate adequate returns could lead to a decline in asset value and future growth prospects.
Liquidity Risk: Difficulty in exiting certain investments quickly without significantly impacting their price.
Management & Ownership
In most Indian companies, particularly those of this scale, promoters (founding families or groups) typically hold a significant stake and exert substantial control over strategic decisions. The management team's quality and experience in the investment sector would be critical for performance. Without specific details, it is assumed that the company has a board and executive team overseeing its investment mandates and operations. The ownership structure would likely involve a promoter group holding a majority or significant stake, with the remaining shares being publicly held.
Outlook
Yash Management & Satellite Ltd. operates in a sector with significant long-term growth potential, driven by India's economic expansion and increasing financialization. The company's performance will be intrinsically linked to the health and trajectory of the Indian capital markets and its ability to execute successful investment strategies.
The bull case envisions the company benefiting from a strong bull market environment, superior investment calls leading to outsized returns, and potentially attracting more capital or expanding its asset base.
The bear case involves exposure to significant market downturns, underperformance relative to benchmarks, intense competition impacting its ability to generate alpha, and potential adverse regulatory changes.
Overall, its prospects are largely dependent on the broader market environment and the acumen of its investment management, necessitating a balanced view given the inherent volatility and competitive nature of the investment business.
| #(Fig in Cr.) | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 12 | 8 | 8 | 4 | 5 | 3 | 8 | 12 | 9 | 11 |
| Other Income | 1 | -0 | -0 | 0 | 0 | 0 | 0 | -0 | 1 | 1 |
| Total Income | 13 | 8 | 8 | 4 | 5 | 4 | 8 | 12 | 11 | 12 |
| Total Expenditure | 12 | 10 | 10 | 5 | 5 | 4 | 8 | 11 | 9 | 11 |
| Operating Profit | 1 | -2 | -2 | -1 | 0 | -1 | 0 | 0 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | -2 | -2 | -1 | 0 | -1 | 0 | 0 | 1 | 0 |
| Provision for Tax | 0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Profit After Tax | 1 | -2 | -2 | -1 | 0 | -1 | 0 | 0 | 1 | 0 |
| Adjustments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Profit After Adjustments | 1 | -2 | -2 | -1 | 0 | -1 | 0 | 1 | 1 | 0 |
| Adjusted Earnings Per Share | 0.5 | -1.2 | -1.2 | -0.4 | 0.1 | -0.5 | 0.1 | 0.3 | 0.6 | 0.2 |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 1 | 2 | 32 | 41 | 30 | 28 | 40 |
| Other Income | 1 | 2 | 3 | 2 | 2 | 1 | 1 | 2 |
| Total Income | 1 | 3 | 5 | 35 | 43 | 31 | 28 | 43 |
| Total Expenditure | 1 | 2 | 4 | 33 | 43 | 33 | 28 | 39 |
| Operating Profit | -0 | 2 | 1 | 1 | 1 | -2 | 0 | 1 |
| Interest | 0 | 0 | 0 | 2 | 2 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 1 | 0 | -1 | -2 | -2 | 0 | 1 |
| Provision for Tax | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 |
| Profit After Tax | -0 | 1 | -0 | -2 | -2 | -2 | 0 | 1 |
| Adjustments | 0 | 0 | 0 | 1 | 1 | -0 | -0 | 0 |
| Profit After Adjustments | -0 | 1 | 0 | -1 | -1 | -2 | 0 | 2 |
| Adjusted Earnings Per Share | -0.1 | 0.8 | 0.1 | -0.4 | -0.3 | -1.2 | 0.1 | 1.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -7% | -4% | 95% | 0% |
| Operating Profit CAGR | 0% | -100% | -100% | 0% |
| PAT CAGR | 0% | 0% | -100% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 5% | -6% | 3% | 5% |
| ROE Average | 1% | -5% | -4% | -2% |
| ROCE Average | 1% | -2% | -1% | 0% |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 19 | 23 | 24 | 23 | 24 | 22 | 22 |
| Minority's Interest | 0 | 2 | 4 | 3 | 1 | 2 | 2 |
| Borrowings | 0 | 0 | 8 | 7 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | -0 | -0 | 0 | -0 | -0 | -0 |
| Total Current Liabilities | 0 | 1 | 6 | 8 | 5 | 1 | 3 |
| Total Liabilities | 20 | 26 | 42 | 41 | 30 | 25 | 27 |
| Fixed Assets | 1 | 1 | 18 | 18 | 0 | 0 | 0 |
| Other Non-Current Assets | 14 | 18 | 10 | 5 | 5 | 6 | 8 |
| Total Current Assets | 5 | 7 | 14 | 18 | 24 | 18 | 19 |
| Total Assets | 20 | 26 | 42 | 41 | 30 | 25 | 27 |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 0 | 1 | 2 | 2 | 0 | 2 |
| Cash Flow from Operating Activities | -0 | -4 | -2 | -12 | -5 | 4 | 5 |
| Cash Flow from Investing Activities | -1 | 1 | -10 | 10 | 17 | 1 | -7 |
| Cash Flow from Financing Activities | -0 | 3 | 12 | 3 | -14 | -3 | 2 |
| Net Cash Inflow / Outflow | -2 | 1 | 0 | 1 | -2 | 2 | 0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 2 | 2 | 0 | 2 | 2 |
| # | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.14 | 0.83 | 0.1 | -0.4 | -0.32 | -1.16 | 0.06 |
| CEPS(Rs) | -0.07 | 0.9 | 0.14 | -0.41 | -0.56 | -1.03 | 0.13 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 11.41 | 13.35 | 14.02 | 13.67 | 13.85 | 12.92 | 13.09 |
| Core EBITDA Margin(%) | -1112.23 | -36.68 | -96.71 | -2.7 | -3.86 | -9.94 | -1.59 |
| EBIT Margin(%) | -200.04 | 108.35 | 19.55 | 1.04 | 0.58 | -5.78 | 0.88 |
| Pre Tax Margin(%) | -344.93 | 105.93 | 7.36 | -4.21 | -4.05 | -6.18 | 0.61 |
| PAT Margin (%) | -350.48 | 102.79 | -0.68 | -5.48 | -3.99 | -6.18 | 0.61 |
| Cash Profit Margin (%) | -182.62 | 111.06 | 10.97 | -2.18 | -2.32 | -5.88 | 0.82 |
| ROA(%) | -1.21 | 6.19 | -0.04 | -4.27 | -4.67 | -6.79 | 0.65 |
| ROE(%) | -1.22 | 6.72 | -0.06 | -7.52 | -7.05 | -8.11 | 0.76 |
| ROCE(%) | -0.69 | 6.85 | 1.41 | 0.94 | 0.76 | -6.83 | 1.01 |
| Receivable days | 1232.01 | 53.18 | 170.62 | 40.45 | 37.47 | 54.56 | 38.5 |
| Inventory Days | 404.53 | 57.7 | 264.81 | 60.8 | 87.64 | 103.56 | 94.91 |
| Payable days | 0 | 0.92 | 252.89 | 22.63 | 8.44 | 0.43 | 0.58 |
| PER(x) | 0 | 16.79 | 103.85 | 0 | 0 | 0 | 132.01 |
| Price/Book(x) | 0.48 | 1.05 | 0.75 | 0.94 | 0.91 | 0.83 | 0.58 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 75.94 | 14.07 | 10.38 | 1 | 0.42 | 0.43 | 0.4 |
| EV/Core EBITDA(x) | -235.92 | 12.06 | 33.26 | 22.95 | 32.5 | -7.76 | 36.63 |
| Net Sales Growth(%) | 0 | 1938.91 | 54.58 | 1417.26 | 28.15 | -27.78 | -7.89 |
| EBIT Growth(%) | 0 | 1204.36 | -72.11 | -19.2 | -28.51 | -818.74 | 113.97 |
| PAT Growth(%) | 0 | 697.97 | -101.03 | 0 | 6.75 | -11.88 | 109.07 |
| EPS Growth(%) | 0 | 697.94 | -87.84 | -493.87 | 19.77 | -262.2 | 104.99 |
| Debt/Equity(x) | 0.01 | 0.05 | 0.48 | 0.55 | 0.17 | 0.05 | 0.12 |
| Current Ratio(x) | 40.17 | 5.61 | 2.42 | 2.24 | 5.24 | 13.77 | 6.32 |
| Quick Ratio(x) | 39.57 | 5.3 | 1.97 | 1.24 | 2.64 | 9.96 | 3.2 |
| Interest Cover(x) | -1.38 | 44.78 | 1.6 | 0.2 | 0.13 | -14.53 | 3.26 |
| Total Debt/Mcap(x) | 0.03 | 0.05 | 0.64 | 0.58 | 0.19 | 0.06 | 0.21 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -7% | -4% | +95% | — |
| Operating Profit CAGR | — | -100% | -100% | — |
| PAT CAGR | — | — | -100% | — |
| Share Price CAGR | +5% | -6% | +3% | +5% |
| ROE Average | +1% | -5% | -4% | -2% |
| ROCE Average | +1% | -2% | -1% | 0% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 | 60.38 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 | 39.62 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 |
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