Yasho Industires Analysis !!
A detailed thread below š§µ
A detailed thread below š§µ
About Yasho -
Yasho manufactures performance chemicals for industries such as rubber, latex, food & flavour, perfumes, lubricants and other speciality applications since 1993.
Yasho manufactures performance chemicals for industries such as rubber, latex, food & flavour, perfumes, lubricants and other speciality applications since 1993.
Q3 Numbers -
In Q3FY22 revenue were at Rs166cr, an increase of 71% YoY
EBITDA at Rs 28cr, up by 82% YoY
PAT at Rs 15cr, up by 129% YoY
In Q3FY22 revenue were at Rs166cr, an increase of 71% YoY
EBITDA at Rs 28cr, up by 82% YoY
PAT at Rs 15cr, up by 129% YoY
Yasho's Clientele -
Yasho serves more than 2000 clients globally.
Some of their clients are:-
Yasho serves more than 2000 clients globally.
Some of their clients are:-
Manufacturing Capacity -
Yasho has a total manufacturing capacity of 11000mtpa & they have added 1800mtpa in the last 6 months.
The plants are strategically located within 200kms from Nhava Sheva sea port.
All the plants are designed to be 'multipurpose' giving them advantage
Yasho has a total manufacturing capacity of 11000mtpa & they have added 1800mtpa in the last 6 months.
The plants are strategically located within 200kms from Nhava Sheva sea port.
All the plants are designed to be 'multipurpose' giving them advantage
Global Certification -
Global certifications acts as an entry barrier in large exports market.
Yasho has registered 35 products for REACH to increase business opportunity in European region
Global certifications acts as an entry barrier in large exports market.
Yasho has registered 35 products for REACH to increase business opportunity in European region
Products overview of Yasho:-
š Aroma chemiclas - 14% revenue contribution
š Food antioxidant - 13% "
š Rubber chemicals - 36% "
š Speciality chemicals - 24% "
š Aroma chemiclas - 14% revenue contribution
š Food antioxidant - 13% "
š Rubber chemicals - 36% "
š Speciality chemicals - 24% "
1. Aroma Chemicals:-
- Market leader for clove oil & it's derivatives.
- Fatty esters & natural essentials/aroma oils cater to personal care products such as cosmetics, toiletries, oral care, mouthwash etc.
- Revenue in this segment growing at 16.6% CAGR since last 5years.
- Market leader for clove oil & it's derivatives.
- Fatty esters & natural essentials/aroma oils cater to personal care products such as cosmetics, toiletries, oral care, mouthwash etc.
- Revenue in this segment growing at 16.6% CAGR since last 5years.
2. Food Antioxidants:-
- YANTQ brand of synthetic antioxidants is used in food stuff, it enhances the food nutrition content & keeps it fresh.
- Also used in animal feed, vitamin pre-mixes & nutraceuticals.
- Revenue in this segment growing at 3.4% CAGR since last 5 years.
- YANTQ brand of synthetic antioxidants is used in food stuff, it enhances the food nutrition content & keeps it fresh.
- Also used in animal feed, vitamin pre-mixes & nutraceuticals.
- Revenue in this segment growing at 3.4% CAGR since last 5 years.
3. Rubber Chemicals:-
- Used to manufacture rubber products like tyre, auto components like hoses, seals, conveyor belts, surgical gloves, condoms etc.
- Revenue in this segment grew at 21% CAGR in last 5 years
- Used to manufacture rubber products like tyre, auto components like hoses, seals, conveyor belts, surgical gloves, condoms etc.
- Revenue in this segment grew at 21% CAGR in last 5 years
4. Speciality Chemicals:-
- Products used as stabilisers for acrylics, printing ink, URP resin, fibre composite resin, intermediate for API, bulk drugs & agrochem.
- Revenue in this segment grew at 12.6% CAGR in last 5 years.
- Products used as stabilisers for acrylics, printing ink, URP resin, fibre composite resin, intermediate for API, bulk drugs & agrochem.
- Revenue in this segment grew at 12.6% CAGR in last 5 years.
Yasho's Investors:-
Promoters - 74.1%
Public - 25.9%
Superstar investor @LuckyInvest_AK sir holding 2.36%
Promoters - 74.1%
Public - 25.9%
Superstar investor @LuckyInvest_AK sir holding 2.36%
Key risks:-
- Business requires certain approvals & lisences to operate, failure to obtain. retain/renew such approvals may affect business.
- Business operations subject to various health & safety laws & regulations. Failure to comply with those laws may affect operations.
- Business requires certain approvals & lisences to operate, failure to obtain. retain/renew such approvals may affect business.
- Business operations subject to various health & safety laws & regulations. Failure to comply with those laws may affect operations.
- Company faces competition from various domestic & international companies like Camlin Fine Science, SH Kelkar, Nocil, BASF, Eastman etc.
Conclusion:-
Global inflationary trends and a sharp rise in commodity prices may continue to put
pressure on Yasho's margin. As a result, it has raised prices in 4QFY22 as well.
However, it is difficult to forecast margin due to the inflationary and volatile
pricing environment
Global inflationary trends and a sharp rise in commodity prices may continue to put
pressure on Yasho's margin. As a result, it has raised prices in 4QFY22 as well.
However, it is difficult to forecast margin due to the inflationary and volatile
pricing environment
As its presence in the domestic & export market has been improving, the management is
optimistic about its growth prospects.
Long term story remains intact as demand for all their products will increase considerably.
optimistic about its growth prospects.
Long term story remains intact as demand for all their products will increase considerably.
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@AimInvestments @saketreddy @LuckyInvest_AK @drprashantmish6
@AimInvestments @saketreddy @LuckyInvest_AK @drprashantmish6
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