Yasho Industries Limited has informed the Exchange about Investor Presentation
Date: November 06, 2025
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001.
Scrip Code: 541167
Dear Sir/ Madam,
To, National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.
Symbol: YASHO
Sub: Investor Presentation for Q2FY26
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the Investor’s Presentation for Q2FY26.
The said Investor’s Presentation will be simultaneously posted on the Company’s website at www.yashoindustries.com
We request you to kindly take the same on record.
Thanking You,
For Yasho Industries Limited
Rupali Verma (Company Secretary & Compliance Officer) Membership No. A42923
Encl: As above
YASHO INDUSTRIES LIMITED REGISTERED OFFICE: Office No. 101/102, Peninsula Heights, C.D Barfiwala Marg, Juhu lane, Andheri (West), Mumbai – 400058, India TEL: +91 22 62510100; FAX: +91 22 62510199; E-Mail: info@yashoindustries.com; CIN No: L74110MH1985PLC037900
INVESTOR PRESENTATION
Q2 & H1FY2026
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Yasho Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
2
COMPANY OVERVIEW
Business Overview
Leading specialty and performance chemicals manufacturer
Yasho Industries is a pioneer in specialty and fine chemicals manufacturing, incorporated in 1985 by Mr. Vinod Jhaveri. Equipped with a dedicated research and development centre and state-of the-art manufacturing facilities, we manufacture 148 products across five business verticals - Food Antioxidants, Aroma Chemicals, Rubber Chemicals, Lubricant Additives, and Specialty Chemicals. Our diverse product portfolio helps us serve a dynamic and far-reaching customer base across the world including the United States of America (USA), Europe, Asia, and the Middle East, securing around 65% of revenue from exports.
2 Business Categories
148 Total product (All Developed in house)
2 R&D centres
830+ Employees (incl 40 R&D personnel)
4
Board of Directors
Mr. Vinod Jhaveri
Mr. Parag Jhaveri
Mr. Yayesh Jhaveri
Chairman & Executive Director
Managing Director & CEO
Whole Time Director
Mr. Anurag Surana
Mr. U R Bhat
Dr. Prakash Bhate
Mrs. Sudha Navandar
Non-Executive Independent Director
Non-Executive Independent Director
Non-Executive Independent Director
Non-Executive Independent Director
5
Diversified portfolio of over 148 products
Consumer Division
Applications
o Flavours and fragrances; personal care products - cosmetics & toiletries o Agro chemicals & Pharmaceutical products o Oral care preparations o Edible oil, Confectioneries & food stuff, Animal feed, Vitamin premix,
Nutraceutical
Industrial Division
Applications
o Tyres, Automobile components, Conveyor belts, surgical gloves, latex
gloves, condoms, balloons
o Hydraulic, turbine, engine & gear oils, metal working fluids & greases o Stabilisers for acrylics, printing inks/coating, UPR resins and fibre
composite resins
6
Unlocking Global Opportunities with Our New State-of-the-Art Facility at Pakhajan
Strategic location
Technological Advancements
Optimized logistics and transportation connectivity
Leveraging cutting-edge technology for enhanced efficiency and productivity
Compliance and regulatory adherence
Safety
Built-in measures to ensure compliance with industry regulations and standards
Prioritizing employee and environmental safety with robust measures and protocols
Enhanced sustainability
Improved quality control
Environmentally friendly practices and reduced carbon footprint
Enhanced processes for superior product quality
7
Research & Development
Research & Development
Certifications & Accreditation
• As the cornerstone of our business, R&D is led by our promoters with active contribution and
guidance
• We are working on process improvements and new products which align with our business
portfolio
• Recently, we have inaugurated our new R&D facility at Pakhajan and now have more than 40
ISO Certification
FSSAI Certification
chemists contributing actively
• Several projects are in various stages of development, and we are confident that this will help us to achieve our future growth
Quality Control
Research & Development & Quality Control is our core strength. YIL continues to invest in R&D and technological upgradation to ensure sustainable operations throughout its facilities Our In-house testing facility & the state-of-the-art laboratory uses modern quality control methods and sophisticated instrumentation such as:
• AAS(Atomic Absorption Spectrophotometer) • CHNS Analyzer • Differential Scanning Calorimeter (DSC) • FTIR (Fourier Transforms Infrared Spectrophotometer) • GC (Gas Chromatography) • HPLC (High-Performance Liquid Chromatography) • UV Spectrophotometer
STAR KOSHER Certification
ecovadis Certified
FSSC 22000 Certification
NSF Certified
FAMIQS Certification
HALAL Certification
8
Q2 & H1FY26 Results Highlights
Management Commentary on Results – Q2 & H1FY26
Operational Excellence in Challenging Times
Q2 & H1FY26 Performance Update Despite a challenging external environment — including ongoing tariff pressures — we continued to maintain operational discipline, protect profitability, and advance strategic initiatives for long-term growth. Revenue for the quarter stood at ₹183.6 crore, a 9.6% year-on-year growth, supported by strong volume growth of 26.5%. Sequentially, revenue was modestly lower than Q1 due to price pressures and deferred export orders amid tariff-related uncertainty in the United States. Profitability improved on a quarter-on-quarter basis with an EBITDA margin of 18.20% and PAT margin of 2.65% - driven by product mix optimization, operating efficiencies, and disciplined cost control. We believe the worst of the demand slump is behind us. While tariff challenges persist, our diversification efforts and operational agility position us well for recovery.
Operational & Business Highlights Due to tariffs and ongoing trade restrictions in key export markets, our Pakhajan facility operated at slightly lower-than-optimal utilization levels in Q2. Despite lower capacity use, strict control on operational expenditure helped preserve margins. Supply chain stability has improved, and raw material availability remains consistent. We expect a significant improvement in utilization levels in the upcoming quarters.
External Environment US Tariffs remain a key concern, continuing to impact pricing competitiveness and overall profitability. To mitigate this dependency: We are actively diversifying into alternative markets. Increasing focus on domestic high-potential segments and specialty chemical applications. Engaging with global customers for long- term offtake agreements and supply partnerships Engaging with trade bodies and legal advisors for tariff reviews and regulatory relief. These steps will help derisk US exposure while improving volume stability and capacity utilization over the coming quarters.
Financial Outlook We remain committed to strengthening our balance sheet and improving capital efficiency. While there has been a temporary increase due to tariffs in working capital and debt, we continue to take calibrated steps to improve cash flows, optimize inventory cycles, and enhance operating leverage. Our long-term objective of reducing leverage remains intact. We aim to bring down our Debt-to-EBITDA multiple in a phased and sustainable manner over the next few quarters, subject to market conditions and business visibility. With strong order visibility, new customer additions, and operational ramp-up, we are confident of achieving strong revenue growth in FY26, while continuing to generate sustainable value for our shareholders.
10
Recent Updates
Signed a major 15-year long term supply agreement with global MNC for lubricant additives: • •
The material will be supplied from Yasho Industries Pakhajan facility over a 15-year period The company plans to set up the required plant at the facility within the next 12 to 18 months, with commercial supply expected to commence by Q4 FY27. The supply agreement is expected to generate approximately Rs 150 crore in annual revenue, beginning from the end of FY27.
•
New R & D Laboratory inaugurated in October 2025: As part of the planned capex, we have invested ₹23 crore towards for our new R&D laboratory, which was successfully completed on 29th October 2025, as scheduled. With this facility now fully operational, we are well-positioned to accelerate our innovation pipeline, develop higher value-added products, and strengthen our specialty chemicals portfolio.
11
Results Highlights (Q2 & H1FY26)
Total Revenue
EBITDA
38,262
34,244
3,342
3,176
3,270
18,360
16,748
19,902
6,612
5,558
PAT
INR Lakhs
850
486
436
364
190
900
800
700
600
500
400
300
200
100
-
Q2 FY 26
Q2 FY 25
Q1 FY 26
H1 FY 26
H1 FY 25
Q2 FY 26
Q2 FY 25
Q1 FY 26
H1 FY 26
H1 FY 25
Q2 FY 26 Q2 FY 25 Q1 FY 26 H1 FY 26 H1 FY 25
Gross Margin %
EBITDA Margin %
PAT Margin %
46.56%
42.01%
40.62%
41.29%
40.67%
19%
18%
17%
16%
16%
3%
3%
2%
2%
1%
3%
3%
2%
2%
1%
1%
0%
Q2 FY 26
Q2 FY 25
Q1 FY 26
H1 FY 26
H1 FY 25
Q2 FY 26
Q2 FY 25
Q1 FY 26
H1 FY 26
H1 FY 25
Q2 FY 26
Q2 FY 25
Q1 FY 26 H1 FY 26 H1 FY 25
12
Results Highlights (Q2 & H1FY26)
(Amt In lacs)
Category-wise Revenue Breakup
Geography-wise Revenue Breakup
Industrial Chemicals
Consumer Chemicals
International
Domestic
Q2FY26
86 %
Q2FY25
82%
14%
18%
Q2FY26
63 %
Q2FY25
66%
37%
34%
Category-wise Revenue Breakup
Geography-wise Revenue Breakup
Industrial Chemicals
Consumer Chemicals
International
Domestic
H1FY26
86%
H1FY25
83%
14%
17%
H1FY26
H1FY25
65%
63%
35%
37%
13
Consolidated Income Statement – Q2 FY26
14
Amt in LacParticulars Q2 FY26Q2 FY25Y-o-YQ1 FY26Q-o-QH1 FY26H1 FY25Y-o-YRevenue from Operations18,329.78 16,707.13 10%19,863.65 -8%38,193.43 34,152.95 12%Other Income30.25 41.13 37.91 68.16 90.58 Total Revenue 18,360.03 16,748.26 19,901.56 38,261.59 34,243.53 Cost of Material Consumed10,567.32 11,959.63 12,763.04 23,330.36 23,460.73 Change in Inventories of Finished goods & Work in Progress79.63 -3,009.63 -944.96 -865.33 -3,143.99 Total Material Consumed 10,646.95 8,950.00 11,818.08 22,465.03 20,316.74 Gross Margin7,713.08 7,798.26 8,083.48 15,796.56 13,926.79 Gross Margin (%)42.01%46.56%40.62%41.29%40.67%Employee Expenses 1779.141613.451733.053512.193141.79Other Expenses 2591.933009.083080.635672.565227.19EBITDA 3,342.01 3,175.73 5%3,269.81 2%6,611.82 5,557.81 19%EBITDA Margin (%) 18.20%18.96%16.43%17.28%16.23%Depreciation 1330.531235.191318.052648.582407.22 EBIT 2,011.48 1,940.54 4%1,951.75 3%3,963.23 3,150.59 26%EBIT Margin (%)10.96%11.59%9.81%10.36%9.20%Finance Cost 1410.961450.751376.832787.792865.05Profit before Tax600.52 489.79 23%574.92 4%1,175.44 285.54 312%Profit before Tax(%)3.27%2.92%2.89%3.07%0.83%Tax 114.7853.90210.46325.2495.83Profit After Tax485.74435.8911%364.4633%850.20189.71348%PAT Margin (%) 2.65%2.60%1.83%2.22%0.55%EPS 4.033.823.027.051.66 Consolidated Balance Sheet
15
Asset in lacs As at30 Sep 2025 As at31 March 2025 Property, Plant and Equipment 57,983.82 58,960.81 Capital Work in Progress 3,469.64 145.12 Right-of-use Assets 1,740.64 2,229.57 Other Intangible Assets 1,293.47 1,186.25 Investments 0.28 0.28 Loans and Advances 47.69 21.12 Other non current assets 2,159.05 1,975.79 Total non-current Assets 66,694.59 64,518.95 Inventories 29,443.47 26,405.44 Trade Receivables 11,345.76 13,398.51 Cash & Cash Equivalents 317.96 624.92 Bank balances other than above 1,368.71 2,217.76 Loans and Advances 32.53 25.04 Current Tax Assets (Net) 389.02 285.98 Other Current Assets 3,388.75 1,938.58 Total current Assets 46,286.20 44,896.23 Total ASSETS 1,12,980.79 1,09,415.18 EQUITY AND LIABILITIES in lacs As at30 Sep 2025 As at31 March 2025 Equity Share capital 1,205.71 1,205.71 Other Equity 41,547.47 40,763.81 Total EQUITY 42,753.18 41,969.52 Borrowings 30,819.63 32,445.06 Lease Liabilities 696.94 1,247.91 Provisions 651.21 556.31 Deferred Tax Liabilities (Net) 1,307.51 979.31 Total non-current liabilities 33,475.29 35,228.49 Borrowings 26,401.34 23,407.18 Lease Liabilities 1,219.11 1,155.55 Trade Payables-Micro and Small Enterprises 333.16 310.62 Trade Payables- Others 7,468.29 6,182.88 Other financial liabilities 89.41 0.22 Other Current Liabilities 225.96 256.49 Provisions 998.39 904.23 Current Tax Liabilities (Net) 16.66 - Total current liabilities 36,752.32 32,217.16 Total EQUITY AND LIABILITIES 1,12,980.79 1,09,415.18 Cash flows
16
Cash Flow Statement (Rs. lacs.)Sep’25Sep’24Cash Flow from Operating ActivitiesProfit before Tax1175.44285.54Adjustment for Non-Operating Items5279.295220.20Operating Profit before Working Capital Changes6454.735505.74Changes in Working Capital-213.97-7303.15Cash Generated from Operations6240.76-1797.41Less: Direct Taxes paid-62.10-353.58Net Cash from Operating Activities6178.65-2150.99Cash Flow from Investing Activities-4464.19-419.85Cash Flow from Financing Activities-2079.662570.85Net increase/ (decrease) in Cash & Cash equivalent0.00Add: Cash and cash equivalents as at beginning of the period134.139.72Add: Net effect of exchange gain on cash and cash equivalents58.25134.13Cash and cash equivalents as at end of the period -306.95134.13 Shareholders Information
Stock Information (as on 06th Nov 2025)
Market Capitalization (₹)
Shares Outstanding
Free Float
Symbol BSE / NSE
Stock Performance Chart
1949.33 cr
12.0 mn.
Shareholding Pattern (%)
6.90%
0.96%
(As on date)
517.53 cr
24.15%
541167 / YASHO
67.99%
Promoters
Public
FII
DII
17
Mr. Chirag Shah Chief Financial Officer
chirag@yashoindustries.com
www.yashoindustries.com
chirag@yashoindustries.com www.yashoindustries.com
CIN – L74110MH1985PLC037900
Investor Relations:
nikunj.seth@in.mpms.mufg.com
Mr. Nikunj Seth nikunj.seth@in.mpms.mufg.com +91 9773397958
Ms. Sejal Bhattar sejal.bhattar@in.mpms.mufg.com +91 7666736666
Meeting Request
Link
Link
541167
YASHO
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