BSE: 523650
YASH INNOVENTURES LIMITED
Operates as a diversified commercial services entity listed on BSE, with reported segments 'Fire Extinguisher' and 'Project Kolat' that recorded no revenue in the 2022-03-31 segment data. FY26 revenue was Rs 1.38 crore against materials cost of Rs 33.082 crore and employee cost of Rs 1.2286 crore per F_COST_SHAPE, while one filing shows FY26 total income of Rs 50.83 lakhs and a pre-exceptional operating loss of Rs 380.37 lakhs. A one-time gain of Rs 612.10 lakhs from the sale of a held-for-sale asset produced a profit after tax of Rs 177.10 lakhs. Reserves stand at Rs -807.08 lakhs and total borrowings at Rs 36.709 crore as of March 31, 2026. Recent board and shareholder approvals have focused on lending to related-party entities — Rs 50 crore to M/s CVM Industrial Park LLP and Rs 75 crore to M/s Prime Financials & Co. — and on raising the overall borrowing limit to Rs 100 crore. The entity (formerly Redex Protech Limited, amalgamated with Yash Shelters Limited effective April 2025) has secured a Rs 1.53 crore loan from Cholamandalam at 10.50% p.a. and an unsecured loan of up to Rs 10 crore at 8% from its Managing Director. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Fire Extinguisher, Project Kolat. BSE-listed micro-cap with minimal operating revenue and significant related-party lending activity
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 3 | (0) | 1 |
| EBITDA (ex other income) | (1) | (1) | 0 | (1) | 5 |
| margin % | (1530.7) | (15121.6) | 4.7 | 647.6 | 353.7 |
| Owners' profit | 9 | (1) | 1 | (3) | 2 |
| EPS, as reported (₹) | 12.78 | (1.18) | 1.14 | (4.83) | 1.10 |
| ROE % · ROCE % | 61.2 · 80.7 | (6.0) · (6.0) | 5.5 · 2.5 | (30.2) · (11.8) | 12.9 · 13.3 |
| Debt / equity (x) | 0.62 | 0.33 | 0.33 | 0.97 | 2.68 |
| Cash from operations | (18) | 6 | (1) | (7) | (31) |
| Capex | (15) | (0) | (0) | (1) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | (0) | 0 | 1 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (1) | (1) | 7 | (2) | (0) | (1) |
| Net profit | (0) | (0) | (1) | (2) | 6 | (2) | (0) | (1) |
| EPS (₹) | (0.57) | (0.60) | (0.94) | (2.71) | 3.74 | 0.67 | (0.28) | (0.54) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.2 | 13.0 | 29 of 79 | 64% |
| P/B | 4.3 | 1.3 | 78 of 95 | 18% |
| ROCE | 6.5 | 3.4 | 38 of 103 | 64% |
| ROE | 12.9 | 2.9 | 24 of 113 | 80% |
| Debt / Equity | 2.7 | 0.1 | 88 of 91 | 3% |
| Profit growth | 52.6 | 5.2 | 41 of 110 | 63% |
| Market cap | 59 | 47 | 49 of 108 | 55% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 3 Oct 2026 · Routine SEBI Reg 74(5) certificate for Q2 ended Sept 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · All 6 resolutions passed at Yash Innoventures 35th AGM with over 99.7% majority | compliance | minimal | — | — |
| 28 Sept 2026 · Outcome of 35th Annual General Meeting | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading Window Closed from Oct 1 Till Q2 Results Declaration | compliance | minimal | — | — |
| 7 Sept 2026 · Yash Innoventures fixes 28 September 2026 for 35th AGM | compliance | minimal | — | — |
| 5 Sept 2026 · Yash Innoventures files FY25-26 annual report; AGM on Sep 28 2026 | results | high | — | — |
| 4 Sept 2026 · Yash Innoventures 35th AGM on Sept 28 with 6 resolutions | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Book Closure and E-Voting for 35th AGM on Sep 28, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board approves Directors Report, 35th AGM Notice | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Yash Innoventures appoints Whole-Time Director and Independent Director | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.