1. Opening Hook
While India was debating EV subsidies and moon missions, Yash Highvoltage quietly charged up like a transformer on steroids — revenues up 78%, margins juiced, and a greenfield factory humming into life.
The CMD, Keyur Shah, didn’t mince words — “8x to 10x growth in the next decade” — basically saying: Move aside, static industries, we’re plugged into the grid of the future.
Grab a coffee before you read further — this call turned out to be part transformer physics, part stand-up economics.
2. At a Glance
- Revenue up 78.6% YoY – Apparently, electrons aren’t the only things conducting at high speed.
- EBITDA ₹23 Cr (+110%) – Doubled like an inverter on full charge.
- PAT ₹14 Cr (+119%) – Even the CFO had to refresh his Excel twice to believe it.
- EBITDA Margin 22.8% (+341 bps) – Operational voltage surge achieved.
- Debt-to-Equity 0.17x – So conservative it could get an RBI award.
- Order Book > ₹300 Cr – The only “load” management they’re worried about is production capacity.
- Stock reaction: Traders short-circuited their logic and bought anything with “transformer” in the name.
3. Management’s Key Commentary
“Revenues increased by 78.6% YoY to ₹102 Cr… driven by order inflows from domestic and international markets.”
(Translation: We finally learned to say ‘global’ and mean it.)
“EBITDA margin at 22.8%, up 341 bps.”
(Even the transformers blushed at that power factor.)
“We’ve acquired 50% of Sukrut Electric to enhance scale and reach.”
(When organic growth feels too slow, just bolt on some Sukrut juice.)
“Our addressable market expands from ₹10,000 Cr to ₹16,000 Cr with 550 kV
