BSE: 540550
Yug Decor Limited
Manufactures specialty chemicals (specifically adhesives) and plywood boards from a base in Ahmedabad, with both segments reported in its FY26 audited results. The Plywood Boards business was added in June 2024 and contributed a segment profit of Rs 113.70 lakhs in FY26, while the Speciality Chemicals-Adhesives segment recorded a segment loss of Rs 70.40 lakhs. Total revenue from operations in FY26 was Rs 38.7451 crore, up 16.5% from Rs 3,327.02 lakhs in FY25, with net profit of Rs 7.66 lakhs. Raw materials are by far the largest cost, accounting for 77.8% of revenue, followed by employee costs at 12.5% and other operating expenses at 11.4%. Listed on the BSE SME platform, with total equity capital of Rs 16.18 crore (1,61,83,344 shares of Rs 10 each), and raised Rs 539.40 lakhs through a rights issue of 53,94,075 equity shares in January 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Speciality Chemicals-Adhesives, Plywood Boards. Small-cap, two-segment manufacturer of specialty chemicals (adhesives) and plywood boards
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 24 | 31 | 28 | 33 | 39 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 0.23 | 1.83 | 1.81 | 0.09 | 0.07 |
| ROE % · ROCE % | — · 5.1 | — · 20.5 | — · 21.7 | — · 5.8 | — · 7.4 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 1 | 2 | (6) | (1) |
| Capex | — | — | — | (7) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 16 | 14 | 14 | 16 | 17 | 20 | 19 |
| Profit before tax | 0 | 1 | 1 | 1 | (1) | 1 | (0) | 0 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 0.14 | 1.74 | 1.28 | 0.69 | (0.63) | 0.93 | 0.07 | 0.12 |
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. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,42,095 | 53.6 | 12.86 | 37.6 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 69,659 | 32.2 | 4.96 | 21.6 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 47,075 | 76.8 | 5.95 | 37.4 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,610 | 55.1 | 10.97 | 39.3 | 16.7 | 16.4 | 23.0 | 37.5 |
| AETHER INDUSTRIES LIMITED | 20,905 | 88.6 | 8.51 | 56.8 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 20,257 | 25.9 | 3.45 | 21.0 | 9.4 | 10.2 | 12.6 | 21.5 |
| AARTI INDUSTRIES LTD | 15,871 | 29.9 | 2.67 | 17.1 | 7.0 | 4.4 | 13.0 | 16.2 |
| FINE ORGANIC IND. LTD. | 15,604 | 35.6 | 5.86 | 25.5 | 15.7 | 20.0 | 15.9 | 28.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 44.4 | 23.1 | 74 of 99 | 26% |
| ROCE | 0.5 | 10.1 | 94 of 106 | 11% |
| Revenue growth | 36.6 | 24.4 | 26 of 94 | 73% |
| Market cap | 35 | 699 | 96 of 108 | 11% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · Compliance Certificate for Q2 FY27 under SEBI Reg 74(5) | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1 for H1 FY26 results | compliance | minimal | — | — |
| 26 Sept 2026 · Scrutinizer Report: All 5 resolutions passed at 23rd AGM | compliance | minimal | — | — |
| 26 Sept 2026 · 23rd AGM held on 26 Sep 2026; all 5 resolutions passed | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Independent Director completes five year term and steps down | management changes | medium | — | — |
| 6 Sept 2026 · Newspaper ad published for 23rd AGM notice and dispatch details | compliance | minimal | — | — |
| 4 Sept 2026 · Promoter group member buys 0.29% stake in Yug Decor | ownership changes | low | — | — |
| 3 Sept 2026 · Yug Decor files FY26 Annual Report and notice for 23rd AGM on Sept 26 | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Yug Decor 23rd AGM on 26 Sept 2026 - director reappointments and FY25-26 results | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Yug Decor fixes 26 Sept 2026 as 23rd AGM date; book closure 20-26 Sept | board shareholder meetings | 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.