Yasho Industries Limited — PPTs, 02-05-2025: Investor Presentation

1. Financial Highlights:

Yasho Industries reported revenue of Rs. 185.53 Cr for Q4FY25, up 8% YoY, and Rs. 677.25 Cr for FY25, growing 13% YoY. Gross margin expanded to 43.1% in Q4 and 42.4% for FY25 due to improved product mix and efficiencies. EBITDA margin improved to 19.2% (Q4) and 17.5% (FY) with EBITDA at Rs. 35.59 Cr (Q4) and Rs. 118.29 Cr (FY). PAT declined to Rs. 5.03 Cr (Q4) and Rs. 6.11 Cr (FY) owing to higher depreciation and finance costs. Balance sheet shows elevated capex with fixed assets at Rs. 589.61 Cr and capex-in-progress at Rs. 14.5 Cr, partly funded by borrowings of Rs. 324.45 Cr. Operating cash flow was negative at Rs. -41.66 Cr in FY25, impacted by working capital strain.

2. Strategic Initiatives & Growth Drivers:

The ramp-up of the new Pakhajan plant, at ~50% utilization, aims for 70% next year, driving 40-50% revenue growth. The US warehouse enhances exports logistics and customer service. Continued R&D and facility upgrades focus on innovation, efficiency, and sustainable production.

3. Business Developments:

Focus remains on in-house capacity expansion and technology upgrades. The product portfolio covers 148 SKUs in industrial and consumer chemicals. No new acquisitions or partnerships announced.

4. Market Position & Competitive Advantage:

Yasho’s global presence with 65% export revenue strengthens its leadership in specialty chemicals. Its diversified product range, strong R&D, and certifications ensure compliance and quality across major markets. The Pakhajan plant and US warehouse boost scale and delivery efficiency.

5. Investor Implications:

Capacity expansion and export growth underpin positive growth potential with margin improvement. Execution risk related to plant ramp-up and managing leverage amid high capex warrants attention. Cash flow and working capital volatility remain areas to track closely.