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
Yasho's Clientele -
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
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
- 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
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.
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