BSE: 511601
YASH MANAGEMENT & SATELLITE LT
Generates revenue mainly through a single trading segment, which brought in ₹11.94 crore in Q4 FY26 and ₹7.74 crore in Q3 FY26. The company also runs a manufacturing subsidiary, Sudarshan Polyfab Private Limited, which commenced commercial production during FY26 and contributed ₹62.39 lakh of revenue in Q3 FY26. On a consolidated basis, FY26 revenue from operations was ₹27.52 crore, down about 7.8% from ₹29.85 crore in FY25, while the company swung to a small net profit of ₹16.72 lakh from a loss of ₹1.85 crore the year before. The cost base is very light: employee costs are 2% of revenue and other operating expenses 4.8%, with no materials cost and only 0.2% depreciation, indicating a low fixed-asset model. No specific traded products, end customers, or geographic mix are disclosed in the filings. Management's 33rd AGM remarks described the FY26 performance as satisfactory, flagged cost optimisation as a priority, and said the company is evolving toward new, "value-accretive" business opportunities while adding in-house analyst talent. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading Activities, Manufacturing (Subsidiary Sudarshan Polyfab), Other Activities. Thin-margin trading and distribution business with a recently started manufacturing subsidiary; very low asset intensity.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 32 | 41 | 30 | 28 |
| EBITDA (ex other income) | (0) | (1) | (1) | (3) | (0) |
| margin % | (17.7) | (2.7) | (3.3) | (9.9) | (1.6) |
| Owners' profit | 0 | (0) | 1 | (2) | 0 |
| EPS, as reported (₹) | 0.66 | (0.24) | 0.17 | (0.93) | 0.18 |
| ROE % · ROCE % | (0.1) · 1.0 | (6.8) · (0.5) | (6.6) · (3.4) | (7.8) · (7.3) | 0.7 · 1.0 |
| Debt / equity (x) | 0.41 | 0.49 | 0.16 | 0.05 | 0.11 |
| Cash from operations | (2) | (12) | (5) | 4 | 5 |
| Capex | (17) | (1) | (0) | (0) | (0) |
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 | 12 | 8 | 5 | 4 | 5 | 3 | 8 | 12 |
| Profit before tax | 1 | (2) | (0) | (1) | 0 | (1) | 0 | 0 |
| Net profit | 1 | (2) | (0) | (1) | 0 | (1) | 0 | 0 |
| EPS (₹) | 0.67 | (1.06) | (0.09) | (0.44) | 0.35 | (0.44) | 0.03 | 0.24 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Trading Activities | 28 | 98.6 |
| Other | 1 | 2.2 |
| Total, before eliminations | 29 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 58.3 | 13.9 | 109 of 130 | 16% |
| P/B | 0.7 | 0.9 | 64 of 150 | 57% |
| ROCE | 0.7 | 2.1 | 113 of 177 | 36% |
| ROE | 0.7 | 2.3 | 98 of 158 | 38% |
| Debt / Equity | 0.1 | 0.1 | 88 of 154 | 43% |
| EBITDA margin | 3.6 | 4.5 | 78 of 137 | 43% |
| Revenue growth | 184.3 | (8.6) | 19 of 135 | 87% |
| Profit growth | 158.2 | 0.6 | 31 of 157 | 81% |
| Market cap | 18 | 21 | 101 of 179 | 44% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Yash Management Q2 FY26: revenue up sharply, turned profitable | compliance | minimal | — | — |
| 19 Oct 2026 · Yash Management posts strong Q2 FY26 results, swings to profit | results | high | — | — |
| 19 Oct 2026 · Q2 FY27 Results: Standalone revenue up about 3x YoY, PAT turns profitable | results | high | — | — |
| 14 Oct 2026 · Board meeting on 19 Oct 2026 to consider Q2 FY26 results | results | low | — | — |
| 6 Oct 2026 · Quarterly compliance certificate for dematerialisation submitted to BSE | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closes from Oct 1 ahead of Q2 FY26 results | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 financial results published in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue and profit more than double YoY | results | high | — | — |
| 11 Aug 2026 · Q1 FY27 results: Revenue nearly doubles, PAT over 3x YoY | results | high | — | — |
| 23 Jul 2026 · Board Meeting set for 11 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
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.