BSE: 0 | NSE: YASHOPTICS | Medical Equipment/Supplies/Accessories | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Yash Optics & Lens Ltd is a average quality company.
The key valuation ratios of Yash Optics & Lens Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Yash Optics & Lens Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 19.7% | 77.2% | 52.8% | 32.5% | - |
| Value Creation Index ⓘ | 0.4 | 4.5 | 2.8 | 1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 15 | 29.8 | 39.7 | 41.1 | 41 |
| Sales YoY Gr. | - | 98.9% | 33.5% | 3.6% | - |
| Adj EPS ⓘ | 0.6 | 3.8 | 4.6 | 5 | 3.6 |
| YoY Gr. | - | 549.2% | 19.1% | 9% | - |
| BVPS (₹) ⓘ | 2.4 | 6.2 | 10.8 | 16.4 | 33.5 |
| Adj Net Profit ⓘ | 1.1 | 6.8 | 8.1 | 9.1 | 9 |
| Cash Flow from Ops. ⓘ | -0.1 | 7.7 | -12.1 | 3 | - |
| Debt/CF from Ops. ⓘ | -109.8 | 0.5 | -0.9 | 8.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 40.1% | 3.6% | ||||
| Adj EPS ⓘ | NA | NA | 103.5% | 9% | ||||
| BVPSⓘ | NA | NA | 89.5% | 52.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 24.6 | 88.5 | 53.6 | 37 | 14.6 |
| Op. Profit Mgn % ⓘ | 13.7 | 34.4 | 31.6 | 35.6 | NAN |
| Net Profit Mgn % ⓘ | 7 | 22.8 | 20.3 | 22 | 21.9 |
| Debt to Equity ⓘ | 1.4 | 0.4 | 0.6 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 184 | 206 | 267 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 95 | 116 | 201 | 0 |
Sales growth is growing at healthy rate in last 3 years 40.07%
Net Profit is growing at healthy rate in last 3 years 103.47%
Debt to equity has declined versus last 3 years average to 0.85
Return on Equity has declined versus last 3 years average to 14.60%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.6 | - |
| TTM Sales (₹ Cr.) | 41.1 | - |
| BVPS (₹.) ⓘ | 33.5 | - |
| Reserves (₹ Cr.) ⓘ | 58 | - |
| P/BV ⓘ | 2.54 | - |
| PE ⓘ | 23.33 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 211 |
| Equity (₹ Cr.) | 24.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 78.9 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 15 | 30 | 40 | 41 |
| Operating Expenses ⓘ | 13 | 20 | 27 | 27 |
| Manufacturing Costs | 0 | 1 | -1 | 0 |
| Material Costs | 10 | 11 | 16 | 14 |
| Employee Cost | 1 | 5 | 6 | 6 |
| Other Costs ⓘ | 1 | 3 | 6 | 7 |
| Operating Profit ⓘ | 2 | 10 | 12 | 15 |
| Operating Profit Margin (%) | 13.7% | 34.3% | 31.4% | 35.5% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 1 | 1 | 1 | 2 |
| Depreciation ⓘ | 0 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 9 | 11 | 12 |
| Tax ⓘ | 0 | 2 | 3 | 3 |
| Profit After Tax | 1 | 7 | 8 | 9 |
| PAT Margin (%) | 7.1% | 22.9% | 20.2% | 21.9% |
| Adjusted EPS (₹) | 0.6 | 3.9 | 4.5 | 5.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4 | 11 | 19 | 30 | ||||||
| Share Capital ⓘ | 0 | 0 | 0 | 18 | ||||||
| Reserves ⓘ | 4 | 11 | 19 | 12 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 6 | 4 | 11 | 19 | ||||||
| Long Term Debt | 6 | 4 | 11 | 17 | ||||||
| Short Term Debt | 0 | 0 | 0 | 2 | ||||||
| Trade Payables | 2 | 8 | 3 | 4 | ||||||
| Others Liabilities ⓘ | 0 | 1 | 1 | 8 | ||||||
| Total Liabilities ⓘ | 12 | 24 | 34 | 61 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 5 | 11 | 23 | ||||||
| Accumulated Depreciation | 0 | 1 | 3 | 4 | ||||||
| Net Fixed Assetsⓘ | 0 | 4 | 8 | 19 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 6 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 6 | 11 | 16 | 20 | ||||||
| Trade Receivables | 4 | 8 | 9 | 12 | ||||||
| Cash Equivalents | 1 | 1 | 1 | 1 | ||||||
| Others Assetsⓘ | 1 | 1 | 1 | 2 | ||||||
| Total Assets ⓘ | 12 | 24 | 34 | 61 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 8 | -12 | 3 |
| PBT ⓘ | 1 | 9 | 11 | 12 |
| Adjustment ⓘ | 1 | 1 | 2 | 3 |
| Changes in Working Capital ⓘ | -2 | -1 | -22 | -9 |
| Tax Paid ⓘ | 0 | -2 | -3 | -3 |
| Cash Flow From Investing Activity ⓘ | 0 | -5 | -8 | -19 |
| Capex | 0 | -5 | -8 | -19 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | -2 | 10 | 33 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 21 |
| Net Proceeds from Borrowing ⓘ | 1 | -2 | 11 | 6 |
| Interest Paid ⓘ | -1 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 8 |
| Net Cash Flow ⓘ | 0 | 0 | -11 | 18 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 24.92 | 89.02 | 53.35 | 36.92 | ||||||
| ROCE (%) | 19.68 | 77.15 | 52.78 | 32.53 | ||||||
| Asset Turnover Ratio | 1.24 | 1.63 | 1.36 | 0.87 | ||||||
| PAT to CFO Conversion(x) | 0 | 1.14 | -1.5 | 0.33 | Working Capital Days | |||||
| Receivable Days | 100 | 73 | 78 | 93 | ||||||
| Inventory Days | 152 | 103 | 120 | 158 | ||||||
| Payable Days | 57 | 164 | 125 | 91 | ||||||
Yash Optics & Lens Limited was originally incorporated on July 23, 2010 as ‘Yash Optics & Lens Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra. Subsequently, the company was converted into Public Limited Company and name of company was changed from “Yash Optics & Lens Private Limited” to “Yash Optics & Lens Limited” vide fresh certificate of incorporation dated January 29, 2024 issued by the Registrar of Companies, Centralised Processing Centre.
Established in the year 2010, initially the company was engaged in trading and distribution of spectacle and optical lenses which were sourced from Indian importers and traded in Mumbai. Over the years, it has increased its product portfolio with brands like Seto, IRIS etc. and expanded its network & distribution channel in Maharashtra, Gujarat and Rajasthan. Under the trading space, the company sources the spectacle/optical lenses and market the same under its own brands for further sale through distributors and own retail channels.
The company provides wide array of vision correction solutions. The company is primarily engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/optical lenses. It is offering from single vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with wide range of coatings. Its products are available across the entire range of price points enabling it to serve the entire gamut of customers from economy. The company manufactures the lenses based on order and prescription received from the customers.
Its manufacturing facility is situated at Government Industrial Estate, Ganesh Nagar, Kandivali (West), Mumbai, is well equipped with required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics. It endeavors to maintain safety in its premises by adhering to key safety norms, established through its internal health and safety manual, accompanied by regular safety meetings. Its manufacturing facility is accredited with ISO 9001:2015 for quality management system for the manufacturing, import, export, trading, stockiest and supplier of ophthalmic lens and ophthalmic products.
Business area of the company
The company is primarily engaged in the business manufacturing of optical lenses and other ancillary products.
Products of the company
Single vision lenses
Bifocal lenses
Progressive lenses
Special category lenses
History and milestones
2010: Incorporation of the company under the name “Yash Optics & Lens Private Limited”
2021: Acquisition of M/s Yash Lenses, a proprietary firm of one of its Promoter, Mr. Tarun Manahrlal Doshi.
2022: Appointed by HOYA Lens India Private Limited, as an exclusive distributor to sell, market and distribute the “Pentax” brand of Ophthalmic lenses.
2022: ISO 9001:2015 for quality management system for the manufacturing, import, export, trading, stockiest and supplier of ophthalmic lens and ophthalmic products.
2024: Converted to Public Limited Company and Name changed to “Yash Optics & Lens Limited”.
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