Yasho Industries Ltd. · NSE:YASHO
Yasho Industries — Q2 FY27 Earnings Presentation
31 slides from Yasho Industries's earnings presentation, Oct 28, 2026
Slide 1: Exchange filing cover letter for Investor Presentation Q2FY27
Date: October 28, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 541167 Symbol: YASHO Dear Sir/ Madam, Sub: In
Slide 2: Yasho Industries Limited Investor Presentation Q2 & H1 FY27
INVESTOR PRESENTATION Yasho Industries Limited Specialty chemicals, scaling from capacity build-out to cash generation Q2 & H1 FY27
Slide 3: Safe harbor
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 secu
Slide 4: A specialty chemicals platform moving up the value chain
INVESTMENT SNAPSHOT A specialty chemicals platform moving up the value chain 90% 70% 2.09 1,600+ Industrial chemicals Export revenue Debt / EBITDA FY28 revenue target (₹ cr) H1 FY27, down from 3.74x in FY26; Nearly 2x FY26 revenue of ₹830 cr Share of H1 FY27 revenue Share of H1 FY27 revenue ratings
Slide 5: Contents
Contents Company overview 01 Who we are, our journey, market and products Operations & capabilities 02 Manufacturing plants, R&D and certifications Q2 & H1 FY27 performance 03 Financial results, revenue mix, leverage and cash flow Growth strategy 04 Capex, customer-funded expansion, FY28 target and
Slide 6: Company overview
01 Company overview Who we are, how the business has evolved, the market we serve and what we sell.
Slide 7: Leading specialty chemicals company
COMPANY OVERVIEW Leading specialty chemicals company Incorporated in 1985 by the Jhaveri family, with manufacturing since 1993. Yasho makes high-performance ingredients for industrial and consumer applications, including lubricant additives and rubber chemicals. Integrated manufacturing and continuo
Slide 8: The Yasho transformation
THE JOURNEY The Yasho transformation A shift in where the company chooses to compete from consumer roots to industrial and performance chemicals. 1985-2010 ~2010-2018 ~2018–2023 ~2024-2026 ~2027+ Consumer-focused Industrial pivot Capacity build-out Expanding new Growth Phase roots boundaries 2 Subsi
Slide 9: Large addressable market across two segments
MARKET OPPORTUNITY Large addressable market across two segments Industrial Chemicals Consumer Chemicals ~$15Bn Lubricants, rubber and performance chemicals ~$200Mn Flavours, personal care, health and food Market size Market size applications Lubricant-related chemistry Flavours, fragrances and perso
Slide 10: Operations & capabilities
02 Operations & capabilities Two complementary plants, an in-house R&D centre and the certifications behind our customer approvals.
Slide 11: Pakhajan: the growth plant
MANUFACTURING | PAKHAJAN Pakhajan: the growth plant A 42-acre site with scalable infrastructure and an in-house research facility. Dedicated to products with future growth potential. 50% ₹900–950 cr Land in use Peak revenue capacity Room to grow 20–25% without At optimal utilization of current added
Slide 12: Vapi: the multi-purpose plant
MANUFACTURING | VAPI Vapi: the multi-purpose plant A versatile, multi-functional unit able to create as many different chemistries as required. Located near key ports, enabling efficient, timely delivery to global customers at high quality standards. ₹650–700 cr Peak revenue capacity At optimal util
Slide 13: R&D that feeds the product pipeline
RESEARCH & DEVELOPMENT R&D that feeds the product pipeline 50+ 25,000+ sq ft In-house researchers Located at Pakhajan Certifications 12
Slide 14: Q2 & H1FY27 performance
03 Q2 & H1FY27 performance Quarterly results, revenue mix, leverage and cash flow. Financials are consolidated.
Slide 15: Management Commentary & Outlook (1/2)
Q2 & H1FY27 PERFORMANCE Management Commentary & Outlook (1/2) • Business Performance The company sustained its strong growth trajectory in Q2 FY27, delivering consolidated revenue from operations of Rs. 347.68 crore and EBITDA of ₹ 72.92 crore, supported by 62% year-on-year volume growth in Q2FY27 r
Slide 16: Management Commentary & Outlook (2/2)
Q2 & H1FY27 PERFORMANCE Management Commentary & Outlook (2/2) • Financial Strength The company’s debt-to-EBITDA ratio stood at 2.09x in H1 FY27, down from 3.74x in FY26. The company remains committed to strengthening its balance sheet. • Capex Update – Of its total capex outlay for FY27 of Rs. 250 C
Slide 17: At a glance
Q2 & H1FY27 PERFORMANCE At a glance Q2 FY27 ₹ 347.92 Cr ₹ 141.94 Cr ₹ 72.92 Cr ₹ 58.34 Cr ₹ 33.68 Cr Total income Gross profit EBITDA EBIT Profit after tax 40.8% margin 21.0% margin 16.8% margin 9.7% margin H1 FY27 ₹ 656.98 Cr ₹ 272.93 Cr ₹ 147.33 Cr ₹ 118.60 Cr ₹ 69.73 Cr Total income Gross profit
Slide 18: Results Highlights (Q2 & H1 FY27)
SEGMENT REVENUE Results Highlights (Q2 & H1 FY27) Industrial Chemicals Consumer Chemicals International Domestic Q2FY27 90% 10% Q2FY27 71% 29% Q2FY26 86% 14% Q2FY26 63% 37% Industrial Chemicals Consumer Chemicals International Domestic H1FY27 90% 10% H1FY27 70% 30% H1FY26 86% 14% H1FY26 65% 35% 17 1
Slide 19: Debt increased & leverage fell from 3.74x to 2.09x
LEVERAGE OVER THE YEARS Debt increased & leverage fell from 3.74x to 2.09x Total debt (₹ crore) Debt / EBITDA(x) 541 552 615 329 3.74 252 272 Short-term Debt 2.11 2.09 1.86 289 280 286 Long- Term Debt FY 26 Q1 FY27 Q2 FY27 FY 26 Q1 FY27 Q2 FY27 H1 FY27 Rating upgrade Guidance BBB+ to A- (CRISIL and
Slide 20: Profitability Momentum & Returns
FINANCIAL PERFORMANCE Profitability Momentum & Returns 83,131 14,446 14,733 6,973 65,698 7,442 7,292 3,605 3,368 34,792 30,906 2,526 17.4% 24.2% 21.0% 22.5% 3.0% 11.7% 9.7 % 10.6% FY26 Q1FY27 Q2FY27 H1FY27 FY26 Q1FY27 Q2FY27 H1FY27 FY26 Q1FY27 Q2FY27 H1FY27 Total Income (In Lakhs INR) EBITDA (In Lak
Slide 21: Consolidated Income Statement – Q2 & H1FY27
Consolidated Income Statement – Q2 & H1FY27 Particulars (Rs. Crores) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Revenue from Operations 347.68 183.30 307.74 655.42 381.93 Other Income 0.25 0.30 1.31 1.56 0.68 Total Income 347.93 183.60 90% 309.05 13% 656.98 382.62 72% Cost of Material Cons
Slide 22: Consolidated Balance Sheet H1FY27
Consolidated Balance Sheet H1FY27 Assets (Rs in Cr) H1FY27 H1FY26 Equity & Liabilities (Rs in Cr) H1FY27 H1FY26 Property, plant and equipment 595.38 579.84 Equity Share Capital 12.06 12.06 Capital Work‐in‐Progress Other Equity 499.67 415.47 131.05 34.70 Total Equity 511.73 427.53 Right of Use Asset
Slide 23: Consolidated Cash Flow H1FY27
Consolidated Cash Flow H1FY27 Cash Flow Statement (Rs. lakhs) H1FY27 H1FY26 Cash Flow from Operating Activities Profit before Tax 94.24 11.75 Adjustment for Non-Operating Items 52.26 52.79 Operating Profit before Working Capital Changes 146.51 64.55 Changes in Working Capital -41.19 -2.14 Cash Gener
Slide 24: Growth strategy
04 Growth strategy How capacity, customer commitments and capital discipline convert into the FY28 target.
Slide 25: What makes our runway durable?
GROWTH STRATEGY What makes our runway durable ? 01 02 03 Assets ready to scale Visibility before capex Growth with better economics Pakhajan's recently commissioned capacity is Long-term customer commitments give Higher volumes, richer mix and fixed-cost under-utilised, creating operating leverage a
Slide 26: Key levers of growth
GROWTH STRATEGY Key levers of growth Customer stickiness Export optionality Supply & pricing discipline Broad industrial customer base, complex Building new relations with marquee Reliable supply and disciplined pricing chemistries and long approval cycles. customers. support share gains during disr
Slide 27: How has the journey been and how will it be going ahead
GROWTH STRATEGY How has the journey been and how will It be going ahead PAST CURRENT NEXT Capacity build-out Utilisation ramp-up Growth Roadmap • EBITDA Margin (FY26) ~17% • EBITDA margin above 20% • Improving ROIC and return ratios • Lower Utilization • ~66% Capacity utilization – Q2FY27 • Higher a
Slide 28: Shareholder information
05 Shareholder information Market data, shareholding pattern and important notice.
Slide 29: Board of Directors
SHAREHOLDER INFORMATION 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 Independen
Slide 30: Stock information and shareholding
SHAREHOLDER INFORMATION Stock information and shareholding Stock performance (as on 28th October 2026) as on 30th September 2026. ₹ 3967.0 cr 12.1 mn Shareholding Pattern (%) 5.90% 2.75% Market capitalisation Shares outstanding ₹ 1271.9 cr 541167 23.46% BSE code Free Float NSE: YASHO 67.91% Promoter
Slide 31: Contact and investor relations
Mr. Chirag Shah Chief Financial Officer [email protected] [email protected] www.yashoindustries.com www.yashoindustries.com CIN – L74110MH1985PLC037900 Investor Relations: Ms. Sejal Bhattar [email protected] [email protected] 541167 Mr. Nikunj Seth nikunj.