Yash Highvoltage Limited · BSE:YASHHV
Yash Highvoltage — Investor Presentation (October 2025)
53 slides from Yash Highvoltage's investor presentation, Oct 11, 2025
Slide 1: Investor Presentation filing letter to BSE
Date: 11th October 2025 To, Corporate Rela ons Department BSE Limited 2nd Floor, P. J. Towers Dalal Street Mumbai – 400 001 Scrip Code: 544310 Re: ISIN- INE00GK01023 Sub: Investor Presenta on – H1- FY25-26 Dear Madam/Sir, With reference to above cap oned subject, please find a ached herewith Investor
Slide 2: Company Introduction
COMPANY INTRODUCTION Sep 2025
Slide 3: Agenda
Agenda • INTRODUCTION • YASH® MILESTONES • YASH® TEAM • PRODUCT OVERVIEW • COMPANY OVERVIEW • GLOBAL INSTALLATIONS • GLOBAL MARKET & YASH POSITIONING • OUR ESTEEMED PATRONS • YASH INFRASTRUCTURE • ACCOLADES • OPERATIONAL HIGHLIGHTS • MANUFACTURING FACILITY TOUR • BEYOND BUSINESS
Slide 4: Introduction
Introduction Yash Highvoltage Ltd. (Yash®) is a leading name in power engineering & manufacturing industry for niche condenser graded high voltage & high current Transformer Bushings, serving the global power transmission & generation landscapes for more than 2 decades with highly sought after innov
Slide 5: Vision and Mission
VISION To be recognised among the top 5 transformer bushing manufacturers in the world with global manufacturing facilities. MISSION We are steadfastly committed to delivering superior quality products, highly customised solutions and exceedingly responsive services to customers; thus, offering benc
Slide 6: Yash Milestones
Yash® Milestones 2002 2008 2009 2011 2012 2013 Incorporated Takeover by current 1st export Major approvals with Partnering with SWISS MAJOR New manufacturing NTPC & manufacturing of M/s. MGC Moser Glaser for management bay 16kA HC bushing their RIP bushings in India 2022 2020 2019 2017 2016-17 2016
Slide 7: Board of Directors
Board of Directors MR. HARTMUTH FETHKE MR. KEYUR SHAH NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR Mr. Fethke has 40+ years of industry experience with European majors like ABB Mr. Keyur Shah, Founder & Chairman of Yash®, Micafil (Switzerland) & HSP (Siemens, Germany). From design, development, & brings
Slide 8: Yash Sr. Management Team
Yash® Sr. Management Team MR. DARSHAN THAKKAR MR. NIRAV PATEL MR. GAUTAM NIKAM MR. TUSHAR LAKHMAPURKAR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR COMPANY SECRETARY – FINANCE – GLOBAL BUSINESS – OPERATIONS An MBA-Finance & certified financial An electrical engineer with over 18 years An
Slide 9: Sr. Consultants
Sr. Consultants Mr. Stockton has over 2 decades of experience in Mr. Rao, an electrical engineer with 45+ years in high- transformers, components, & insulation, & has served voltage engineering & the power industry, is an industry at ABB & The H-J Family of Companies. He advises stalwart having expe
Slide 10: Product Overview
Product Overview
Slide 11: Transformer Bushings – a Critical Component in Power Transmission Value Chain
Transformer Bushings – a Critical Component in Power Transmission Value Chain Primary Transmission Power Generation Station Primary Distribution Step-Up Transformer Step-down Transformer (Generator Transformer) (Power Transformer) Transformer Bushings Distribution End – User Transformer (Residential
Slide 12: Our Full Product Range
Our Full Product Range OIP OIP WALL RIP/RIS • Independent Manufacturer of CONDENSER BUSHINGS - OIL TO OIL HIGH CURRENT RETROFIT CONDENSER BUSHINGS SOLUTIONS Transformer Bushings BUSHINGS BUSHINGS BUSHINGS Rated Voltage: Rated Voltage: Rated Voltage: Interchangeable Rated Voltage: 15 kV – 245 kV 24 k
Slide 13: Our Comprehensive Retrofit Solutions
Our Comprehensive Retrofit Solutions Retrofit solutions offered to the customers ✓ Bushings, having an average lifespan of 30 years, depending on service conditions, may require maintenance/retrofit (replacement) earlier than 30 years due to several ageing factors e.g., Temperature, Voltage, etc. ✓
Slide 14: Made to Order for Global Standards
Made to Order for Global Standards OIP CAPACITIVE BUSHINGS AS PER IEC 60137:2017 OIP CAPACITIVE BUSHINGS AS PER IEEE RATED VOLTAGE: CURRENT: RATED VOLTAGE: CURRENT: 24 kV – 245 kV Upto 3150 Amp 25 kV – 230 kV Up to 3000 Amp* INSULATOR: Porcelain 20,000+ INSULATOR: Porcelain – 20kV Potential Tap – Br
Slide 15: Company Overview
Company Overview
Slide 16: Company at a Glance
Company at a Glance Accumulated Total employees knowledge of sr. team 250+ SALES (M USD) - FY 17/18 TO FY 24/25 130+ years 20.00 18.00 17.50 Engineers Manufacturing area 16.00 70+ ~65,000 sq. ft. 14.00 12.93 12.00 10.99 Operators Open area 10.00 >100,000 sq. ft. 7.89 130+ 8.00 6.00 4.61 4.53 High Cu
Slide 17: A Trusted Supplier of MNCs & International Standards Compliant
A Trusted Supplier of MNCs & International Standards Compliant Licenses Yash® holds statutory licenses, including a factory license & GPCB (Gujarat Pollution Control Board) approval • Yash Highvoltage® is an ISO 9001 and 14001 accredited leading manufacturer of HV condenser-graded transformer bushin
Slide 18: Quick Facts
Quick Facts • The first Indian manufacturer of 25,000 A High Current bushing • Leading Indian transformer bushing manufacturer to have developed & supplied transformer bushings as per the IEEE/ANSI standard for USA & European markets. • 40,000+ products installed globally • Installation over 60+ cou
Slide 19: Installations in 60+ Countries
Installations in 60+ Countries
Slide 20: Yash HV USA Inc.
Yash HV USA Inc. Our USA Sales & Marketing Office We are now in USA as Yash HV USA Inc. with our USA sales & marketing office. This marks as a significant milestone in our journey of powering the world with precision-engineered transformer bushings. Launching USA sales office enables our team to be
Slide 21: Yash Positioning
Yash Positioning
Slide 22: India Perspective
India Perspective INDIA – ONE OF THE LARGEST OPERATIONAL SYNCHRONOUS GRIDS IN THE WORLD POWER MAP OF INDIA POWERGRID NETWORK WORLD’S 3RD LARGEST PRODUCER & CONSUMER OF ELECTRICITY THE NATIONAL ELECTRIC GRID IN INDIA HAS AN INSTALLED CAPACITY OF 416 GW AS OF MARCH 2023 AREA POPULATION Approx. 3,287,2
Slide 23: Strong Connectivity Within India & Abroad
Vadodara Perspective Vadodara – the Transformer Hub of India India is the 2nd largest transformer manufacturer globally, most of them having situated in Vadodara. Major Sea Ports: STRONG CONNECTIVITY WITHIN INDIA & ABROAD Mumbai Nhava Sheva – 466 km (1day by road) Major International Airports: Mumba
Slide 24: Competitor Overview
Competitor Overview Yash CG Power and Hitachi General Massa Izolyator Transformers and BHEL Highvoltage Industrial Energy Electrics Mehru Electricals Kerala Solutions Headquarters Manufacturing Vadodara, Maharashtra Vadodara, Hosur, Tamil Bhopal Rajasthan Kerala base in India Gujarat Gujarat Nadu Bu
Slide 25: Well Positioned to Compete with Global Bushing MNCs in India
Well Positioned to Compete with Global Bushing MNCs in India Yash Embraced the Risk & is now One of the Transformer bushings industry has challenging entry barriers Major Players in the Industry Leading Bushing Manufacturers Globally – High Capital Investment: Setting up a manufacturing unit • Estab
Slide 26: Global Market Overview & Yash Positioning
Global Market Overview & Yash Positioning Yash – Key Advantages: Global Transformer Market • Comprehensive product range ready to cater to • Indian transformer bushing market is valued around INR 1500 global standards. crores & is expected to witness CAGR of ~6% during 2024 to • Proven performance r
Slide 27: Few of Our Esteemed Patrons
Few of Our Esteemed Patrons TRANSFORMER OEMs END CUSTOMERS GLOBAL CUSTOMERS
Slide 28: Worldwide Agents Network
Worldwide Agents Network UK NETHERLANDS ~ BELGIUM —~ GERMANY LUXEMBOURG FRANCE UNITED STATES PORTUGAL SPAIN MOROCCO TUNISIA ALGERIA COLOMBIA ECUADOR PERU uRUGAUY —— CHILE ARGENTINA RUSSIA * THAILAND * ITALY \ TURKEY AZERBAUAN@V TS yn @ GATEWAY POWER SALES @ INKENERGY ® TECHNOVA @ ELECTROLINK @ WEIDM
Slide 29: Financials
Financials
Slide 30: Financials – H1 2025-26
Financials – H1 2025-26 Income Statement Overview [INR Lakhs] Growth Growth Particulars Fiscal 2025 Fiscal H1 2025 Fiscal H2 2025 Fiscal H1 2026 Y-o-Y H-o-H Revenue from Operations 15014.13 5704.98 9309.15 10014.46 Other Income 201.33 17.59 183.74 203.42 Total Revenue 15,215.46 5,722.57 9,492.89 10,
Slide 31: Financials – H1 2025-26 Key Metrics
Financials – H1 2025-26 Key Metrics Ratios Fiscal 2025 Fiscal H1 2025 Fiscal H2 2025 Fiscal H1 2026 Revenue Growth % 39.43% 17.66% 65.89% 78.55% EBITDA % 22.36% 19.40% 24.14% 22.81% PAT % 14.07% 11.17% 15.82% 13.73% RoNW % 22.61% 13.26% 10.18% 8.79% RoCE % 31.20% 17.96% 13.93% 12.60% Debt to Equity
Slide 32: Yash Infrastructure
Yash Infrastructure
Slide 33: World-Class Infrastructure
World-Class Infrastructure Fully integrated Oil Storage & High Speed - Condenser Core Handling system Winding machines Our fully integrated facility for raw Our winding machines have a oil storage, processed oil storage combined output capacity of & used oil storage, with online re- winding upto 500
Slide 34: World-Class Infrastructure
World-Class Infrastructure Additional In-house Type Testing Capability: Electrical Testing Capability • Temperature rise test • High voltage (Dry Power • Cantilever test Frequency testing) Various field performance reports 600kV Impulse testing from end-users over the past 10 • Partial discharge tes
Slide 35: Design Precision by Industry Experts
Design Precision by Industry Experts Yash® has some of the brightest & most experienced minds in the industry working on our products & quality excellence. Our team of experts have more than 100 years of combined experience hailing from the best in Transformer Bushings, Power Transformers, Instrumen
Slide 36: Type Testing at Accredited Labs
Type Testing at Accredited Labs PFIFFNER TEST LAB – SWITZERLAND – ACCREDITED TO INTERNATIONAL LABORATORIES COLLABORATION AGREEMENT (ILAC) The Electrical Research & Development Association - ERDA (https://www.erda.org/) is accredited with National Board of Accreditation for Laboratories (NABL) in Ind
Slide 37: Stringent Quality Measures
Stringent Quality Measures ISO 9001:2015 COMPLIANT STATE-OF-THE-ART ASSEMBLY BAY QUALITY FOCUS BEST-IN-CLASS SUB-VENDORS ROBUST PACKAGING OIP & RIP bushing assembly at Our constantly evolving quality We have best-in-class vendor • Environmentally conscious Yash® is carried out in ambient culture is
Slide 38: Accolades
Accolades
Slide 39: Prestigious Accreditations
Prestigious Accreditations ILAC Accredited Inhouse Test Labs Our laboratory is now accredited by NABL (National Accreditation board for Testing & Calibration Laboratories) for ISO/IEC 17025- 2017 compliance in the discipline of electrical testing of bushings & insulating oil testing which demonstrat
Slide 40: Our Testimonials
| Our Testimonials Bfsbi
Slide 41: Awards & Recognitions
Awards & Recognitions Yash’s exemplary efforts acknowledged in the book on Hon’ble PM – Mr. Narendra Modi – “Marching with a billion”, by Uday Mahurkar. Notable mention:- … The moment the power ministry took the decision, a small Baroda-based manufacturer of transformer bushings, Keyur Shah, tied up
Slide 42: Latest Awards
Latest Awards Yash® awarded at GE Vernova Yash® booth awarded 2nd Yash® recognised and – Global Supplier Partner Runner Up for Best Booth at honoured for extraordinary Conference for New Product Elecrama 2025 (108- contribution as a trusted Development and delivering 192 sqm category). supplier at I
Slide 43: Operational Highlights
Operational Highlights
Slide 44: Latest Developments
Latest Developments FIRST 245 KV OIL TO OIL BUSHING EHS PRACTICES – NOW CERTIFIED ENHANCING TEST CAPABILITIES AND SUCCESSFULLY TESTED PROCESS EXCELLENCE We are delighted to share that Yash Yash Highvoltage® is proud to announce that we We continue to strengthen our testing and Highvoltage® has succe
Slide 45: Expanding Global Reach Through Agents Network
Expanding Global Reach Through Agents Network Yash® announces agency and Yash® announces distribution distribution agreement with agreement with Electrolink UK Weidmann for select European to expand local presence in UK, and North African markets. Ireland and Wales.
Slide 46: Consolidating Strengths: Yash Highvoltage & Quality Power Acquire Sukrut Electric
Consolidating Strengths: Yash Highvoltage & Quality Power Acquire Sukrut Electric Yash Highvoltage Ltd. acquires 50% equity stake in Sukrut Electric Company Pvt. Ltd., a Pune- based manufacturer of transformer components. Yash Highvoltage Ltd and Quality Power Electrical Equipments Ltd jointly acqui
Slide 47: Yash at Global Stage: CWIEME Berlin 2025, Industry Navigator
Yash® at Global Stage: CWIEME Berlin 2025: Industry Navigator, Dubai 2025 Yash® represented India's Industry Navigator conference, innovation capabilities on powered by Transformers global stage at CWIEME Berlin Magazines and Switchgear 2025. Our Booth was officially Magazines, brings together inaug
Slide 48: Yash at Global Stage: AERC and CARILEC 2025
Yash® at Global Stage: Arkansans Electrical CARILEC – Miami 2025 Reliability Conference Yash® marked its debut at the Yash® proudly participated in Arkansans Electrical the CARILEC Engineering & Reliability Conference (AERC) Procurement Conference & 2025 as a sponsor and Exhibition 2025 at Hilton ex
Slide 49: Powering Dialogues: At Global Energy Platforms
Powering Dialogues: At Global Energy Platforms Interview of Nirav Patel, Executive Director – Global Business at E-Podcast by Ink Energy, featuring Nirav Patel, Executive Director Yash®, at CWIEME Berlin 2025: – Global Business at Yash Highvoltage®: At CWIEME Berlin 2025, our Executive Director – Gl
Slide 50: Expert Perspectives in Global Publications
Expert Perspectives in Global Publications Article in Transformers Magazine Technical article in IEEMA Journal Article on Transformer T&D India featured an exclusive on ‘Advertorial Transformer on ‘Understanding the ‘Technology on Evolution of interview with Mr. Nirav Patel, our Bushings – A Need fo
Slide 51: Yash Highvoltage's Manufacturing Facility
Yash Highvoltage's Manufacturing Facility To view more videos of Yash®, visit our YouTube page - https://www.youtube.com/@yashhighvoltage/videos
Slide 52: Beyond Business
Beyond Business At Yash®, we have been deeply committed to empowering communities alongside our journey of powering the world with cutting-edge energy solutions. Watch the video for a glimpse into our CSR initiatives of last year.
Slide 53: https://yashhv.com/ @yash_highvoltage /company/yashhv
https://yashhv.com/ @yash_highvoltage /company/yashhv @yashhighvoltage
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