1. At a Glance
Yogi Ltd just pulled a corporate reincarnation. Once a sleepy real estate name, it’s now bagging industrial orders, buying realty subsidiaries, and issuing debentures like candy. Stock at ₹194, P/E 573, ROE 1.7% – because why not?
2. Introduction with Hook
Think of Yogi as that guy who quit meditation to trade crypto. FY25 saw:
- Sales jump to ₹111 Cr (from zero a year ago)
- Net Profit ₹6.3 Cr, EPS up 4x.
Investors? Chanting mantras and praying for a breakout.
3. Business Model (WTF Do They Even Do?)
Officially: real estate development.
Unofficially:
- Building townships & infra projects
- Trading industrial components
- Investing via subsidiaries (Farewell Real Estate, Yogi Realtors LLP)
Basically, it’s a shapeshifting NBFC-meets-builder.
4. Financials Overview
- Revenue FY25: ₹111 Cr
- Net Profit: ₹6.3 Cr
- Operating Margin: 8.4%
- Market Cap: ₹837 Cr
Financial growth looks like a phoenix, but still tiny wings.
5. Valuation
- P/E: 573 (as if profits were optional)
- Price/Book: 7.06x
Fair Value Range: ₹80–₹120 unless growth explodes.
6. What’s Cooking – News, Triggers, Drama
- Orders worth ₹46 Cr + ₹80 Cr from Companion Vinimay in July.
- Rs. 50 Cr + Rs. 45 Cr debenture investments in Farewell Real Estate.
- Acquisition of 95% stake in Yogi Realtors LLP.
- Promoter stake 61% (up from 54%).
Plot twist: the company is on a buying spree.
7. Balance Sheet
| Particulars | FY24 | FY25 |
|---|---|---|
| Assets | ₹74 Cr | ₹489 Cr |
| Liabilities | ₹40 Cr | ₹417 Cr |
| Borrowings | ₹18 Cr | ₹24 Cr |
| Net Worth | ₹56 Cr | ₹113 Cr |
Assets exploded thanks to investments and capital infusion.
8. Cash Flow – Sab Number Game Hai
| Particulars | FY24 | FY25 |
|---|---|---|
| Operating CF | ₹-24 Cr | ₹-72 Cr |
| Investing CF | ₹-6 Cr | ₹1 Cr |
| Financing CF | ₹31 Cr | ₹72 Cr |
Burning cash in ops, funding through equity & debt.
9. Ratios – Sexy or Stressy?
| Ratio | Value |
|---|---|
| ROE | 1.7% |
| ROCE | 1.9% |
| D/E | 0.2x |
| PAT Margin | 7% |
| P/E | 573 |
Sexy? No. Stressy? Absolutely.
10. P&L Breakdown – Show Me the Money
| Year | Revenue | EBITDA | PAT |
|---|---|---|---|
| FY24 | ₹0 Cr | ₹-1 Cr | ₹-0.1 Cr |
| FY25 | ₹111 Cr | ₹7.6 Cr | ₹6.3 Cr |
From zero to ₹111 Cr in a year – but can it sustain?
11. Peer Comparison
| Company | Revenue (₹Cr) | PAT (₹Cr) | P/E |
|---|---|---|---|
| Bajaj Finance | 73,107 | 17,425 | 32 |
| Shriram Fin | 43,778 | 8,508 | 14 |
| Yogi Ltd | 111 | 6.3 | 573 |
It’s like comparing a chai stall to Starbucks – different league.
12. Miscellaneous – Shareholding, Promoters
- Promoters: 61% (increased)
- Public: 39%
- Shareholders: growing as stock rallies 318% in a year.
13. EduInvesting Verdict™
Yogi Ltd is pivoting aggressively. Orders, acquisitions, and capital raises suggest ambition, but fundamentals still fragile. Valuation priced like it’s already a unicorn – not yet.
Written by EduInvesting Team | 27 July 2025
Tags: Yogi Ltd, Real Estate Pivot, Industrial Orders, Debenture Investments, EduInvesting Premium
