Yasho Industries

₹1844.3 -56.3 | 3%

WEBSITE BSE:541167 NSE : YASHO 10 May, 16:01

Market Cap ₹2102 Cr.

Stock P/E 37.8

P/B 7.6

Current Price ₹1844.3

Book Value ₹ 243.1

Face Value 10

52W High ₹2418

Dividend Yield 0.03%

52W Low ₹ 1514.1

Edit Ratio

Yasho Industries Research see more...

Equity Research Report - Yasho Industries Limited

A detailed equity research report on Yasho Industries Ltd

Overview Inc. Year: 1985Industry: Chemicals

Yasho Industries Ltd manufactures and supplies speciality chemicals, meals antioxidants, aroma chemical compounds, rubber accelerators, and lubricant components in Europe, America, the Middle East, and Asia. The company offers various chemicals, including fatty esters and herbal essential/aroma oils, which serve personal care, cosmetics and toiletries, flavours and fragrances, and pharmaceutical industries; and food antioxidant chemical substances, which include tertiary-butyl hydroquinone, butylated hydroxy anisole, ascorbyl palmitate, and different antioxidants which might be used in diverse food merchandise containing oils and fat. It additionally offers lube and rubber range chemical substances, which include aminic antioxidants, molybdenum based additives, and corrosion inhibitors for petroleum and artificial lubricant industries. In addition, the enterprise provides chemicals to be used in industries, consisting of electroplating chemical compounds, intermediates for API/bulk tablets, UPR resins/fiber composites resins, thermoplastics urethanes, and printing inks and agrochemicals. The company was founded in 1985 and is based in Mumbai, India.

Yasho Industries Share Price

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Peer Comparison

Yasho Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	134	164	182	177	193	149	152	150	141	130
Other Income	3	3	3	4	2	4	2	1	2	4
Total Income	137	167	185	181	195	153	153	152	143	133
Total Expenditure	112	138	158	148	158	126	126	125	120	108
Operating Profit	25	28	28	34	37	27	28	27	23	26
Interest	3	4	3	4	4	4	4	3	4	4
Depreciation	4	6	5	5	5	5	5	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	18	18	19	25	28	18	19	20	15	18
Provision for Tax	4	4	6	6	6	7	4	5	4	5
Profit After Tax	14	14	13	19	22	10	16	15	12	14
Adjustments	-0	0	0	0	0	0	0	-0	0	0
Profit After Adjustments	14	14	13	19	22	10	16	15	12	14
Adjusted Earnings Per Share	12.4	12.7	11.7	17	19.6	9.2	13.8	13	10.2	11.9

Yasho Industries Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	359	613	672	573
Other Income	10	10	11	9
Total Income	370	623	683	581
Total Expenditure	310	520	557	479
Operating Profit	59	103	126	104
Interest	16	14	16	15
Depreciation	12	19	20	17
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	31	71	91	72
Provision for Tax	9	19	23	18
Profit After Tax	21	52	68	57
Adjustments	0	0	0	0
Profit After Adjustments	21	52	68	57
Adjusted Earnings Per Share	19.7	45.9	59.5	48.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	0%	0%	0%
Operating Profit CAGR	22%	0%	0%	0%
PAT CAGR	31%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	13%	64%	69%	NA%
ROE Average	33%	34%	34%	34%
ROCE Average	24%	24%	24%	24%

Yasho Industries Balance Sheet

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	79	173	238
Minority's Interest	0	0	0
Borrowings	53	64	157
Other Non-Current Liabilities	14	11	16
Total Current Liabilities	159	235	239
Total Liabilities	305	483	650
Fixed Assets	120	161	177
Other Non-Current Assets	8	18	161
Total Current Assets	177	304	312
Total Assets	305	483	650

Yasho Industries Cash Flow

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	0
Cash Flow from Operating Activities	35	16	33
Cash Flow from Investing Activities	-14	-59	-152
Cash Flow from Financing Activities	-21	43	122
Net Cash Inflow / Outflow	0	-0	3
Closing Cash & Cash Equivalent	1	0	1

Yasho Industries Ratios

#	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	19.71	45.87	59.54
CEPS(Rs)	30.71	62.26	76.94
DPS(Rs)	0.5	0.5	0.5
Book NAV/Share(Rs)	72.42	151.81	208.75
Core EBITDA Margin(%)	13.63	15.17	17.12
EBIT Margin(%)	13.1	13.81	15.81
Pre Tax Margin(%)	8.54	11.56	13.49
PAT Margin (%)	5.98	8.53	10.11
Cash Profit Margin (%)	9.31	11.58	13.06
ROA(%)	7.04	13.27	11.98
ROE(%)	27.21	41.5	33.03
ROCE(%)	19.67	28.75	23.51
Receivable days	72.61	60.23	63.47
Inventory Days	81.41	63.98	82.14
Payable days	71.62	73.95	82.97
PER(x)	17.34	41.9	25.2
Price/Book(x)	4.72	12.66	7.19
Dividend Yield(%)	0.15	0.03	0.03
EV/Net Sales(x)	1.44	3.84	3
EV/Core EBITDA(x)	8.77	22.77	15.97
Net Sales Growth(%)	0	70.45	9.61
EBIT Growth(%)	0	79.68	25.49
PAT Growth(%)	0	143.45	29.8
EPS Growth(%)	0	132.77	29.8
Debt/Equity(x)	2.03	1.02	1.33
Current Ratio(x)	1.12	1.29	1.3
Quick Ratio(x)	0.61	0.72	0.6
Interest Cover(x)	2.87	6.14	6.82
Total Debt/Mcap(x)	0.43	0.08	0.18

Yasho Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	70.84	71.54	71.54	71.54	71.54	71.54	71.54	71.54	72.33	71.92
FII	0.24	0.09	0.08	0.08	0.08	0.11	0.13	0.13	0.13	1.05
DII	0	0	0	0	0	0	0	0	0	0
Public	28.92	28.37	28.38	28.38	28.38	28.35	28.33	28.33	27.54	27.03
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.81	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82
FII	0	0	0	0	0	0	0	0	0	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.33	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.31	0.31
Others	0	0	0	0	0	0	0	0	0	0
Total	1.14	1.14	1.14	1.14	1.14	1.14	1.14	1.14	1.14	1.14

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 34%

Cons

Debtor days have increased from 73.95 to 82.97days.
Stock is trading at 7.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.