Yash Optics & Lens Limited (YASHOPTICS)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Yash Optics' revenue was ₹30.6 Cr (+29.1% year on year, +31.0% on the previous half-year), and net profit ₹5.9 Cr (+17.6% year on year); the operating margin was 31.4%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹30.6 | +29.1% | +31.0% |
| Operating profit | ₹9.6 | +44.4% | +88.0% |
| Net profit | ₹5.9 | +17.6% | +89.9% |
| EPS (₹) | 2.39 | +17.2% | +89.7% |
| Operating margin | 31.4% | — | — |
YASHOPTICS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 66.67% of the YASHOPTICS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 88.65%. That is lower than usual for this stock. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.
Delivery in the last 5 sessions: 75.0% · 71.4% · 100.0% · 100.0% · 66.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Yash Optics & Lens Limited informed exchanges that it experienced a cyber-attack on its IT infrastructure on or before October 15, 2026. In response, the company has shut down affected systems and engaged external cybersecurity experts to investigate the extent of the breach and implement remediation. The exact financial, operational, or data loss impact has not been disclosed at this stage.
- Cyber-attack detected on the company's IT infrastructure as of October 15, 2026
- Affected systems shut down immediately as a containment response
- Engaged external cybersecurity experts to determine extent of exposure and execute remediation
- Financial or operational downtime impact is not disclosed in the filing
Yash Optics & Lens Limited has submitted a declaration of non-applicability of the Corporate Governance Report under Regulation 27(2)(a) for the quarter ended September 30, 2026. The company is exempted under Regulation 15(2) of SEBI LODR Regulations because its shares are listed on the NSE SME Platform. The filing reported FY26 paid-up capital of Rs 2,476.56 lakhs and net worth of Rs 9,945.56 lakhs, compared to Rs 9,036.71 lakhs in FY25.
- Corporate Governance reporting under Regulation 27(2) declared non-applicable due to NSE SME listing status.
- Exemption claimed under Regulation 15(2) of SEBI LODR Regulations, 2015.
- Reported FY26 paid-up equity capital at Rs 2,476.56 Lakhs.
- Net worth for FY26 reported at Rs 9,945.56 Lakhs (up from Rs 9,036.71 Lakhs in FY25 and Rs 2,983.53 Lakhs in FY24).
Yash Optics & Lens Limited has submitted a Corrigendum to its FY 2025-26 Annual Report, addressing inadvertent omissions in the PDF submitted on August 29, 2026. The filing restores Annexure-B of the Statutory Auditors' Report and the corresponding reference, with management confirming no impact on financial statements or results. The report notes key FY26 ratios including a net profit ratio of 16.76% (down from 22.19% in FY25) and ROCE of 12.79% (down from 13.48%). The 16th Annual General Meeting remains scheduled for September 22, 2026.
- Issued corrigendum to restore omitted Annexure-B to the Statutory Auditors' Report for FY 2025-26
- Net profit margin contracted to 16.76% in FY26 compared to 22.19% in FY25
- Debt-equity ratio declined to 0.05 as of March 31, 2026, down from 0.16 as of March 31, 2025
- Return on Equity (ROE) dropped to 9.53% in FY26 from 15.95% in FY25 due to lower PAT
- 16th Annual General Meeting scheduled for September 22, 2026
Yash Optics & Lens Limited has fixed Tuesday, September 15, 2026, as the record date for determining shareholder eligibility for its final dividend of ₹0.50 per equity share (face value ₹10) for FY2025-26. The 16th Annual General Meeting (AGM) is scheduled for September 22, 2026, where the dividend will be placed for shareholder approval. Remote e-voting will take place from September 19 to September 21, 2026, with the cut-off date also set as September 15, 2026.
- Final dividend recommended at ₹0.50 per equity share of face value ₹10
- Record date and cut-off date for e-voting fixed as September 15, 2026
- 16th Annual General Meeting (AGM) scheduled for September 22, 2026 at 11:30 AM
- Remote e-voting window open from September 19, 2026 (9:00 AM) to September 21, 2026 (5:00 PM)
Yash Optics & Lens Limited has issued the notice for its 16th Annual General Meeting scheduled for September 22, 2026. Key resolutions include the declaration of a dividend of ₹0.50 per equity share (face value ₹10) for FY26 and the appointment of M/s AHJ & Associates as statutory auditors for a 5-year term. The company also seeks shareholder approval for director remuneration of up to ₹84 Lakhs per annum each for its CMD and Whole-Time Director. Financial indicators disclosed for FY26 reflect a gross turnover of ₹53.99 Cr and PAT of ₹9.05 Cr.
- 16th AGM convened for September 22, 2026, with cut-off date for voting set as September 15, 2026
- Proposed dividend of ₹0.50 per equity share of face value ₹10 for FY 2025-26
- Proposed remuneration of up to ₹84 Lakhs p.a. for CMD Tarun Doshi and Whole-Time Director Chirag Doshi
- Statutory auditor change to M/s AHJ & Associates for 5 years upon completion of predecessor's term
- FY26 financial data in disclosures reports gross turnover of ₹5,398.98 lakhs and net profit of ₹904.81 lakhs
Yash Optics & Lens Limited has approved the appointment of M/s. AHJ & Associates, Chartered Accountants, as its Statutory Auditors for a term of 5 consecutive years, subject to shareholder approval at the ensuing 16th AGM. The appointment runs from the conclusion of the 16th AGM until the 21st AGM covering FY 2030-31. This change is a routine statutory rotation under Section 139 of the Companies Act, 2013, as the tenure of the existing auditor, M/s. Chhogmal & Associates, has concluded.
- Appointment of M/s. AHJ & Associates (FRN: 151685W) as Statutory Auditors for a 5-year term.
- Tenure spans from the conclusion of the upcoming 16th AGM until the 21st AGM (FY 2030-31).
- Outgoing auditors M/s. Chhogmal & Associates completed their statutory tenure under Section 139 of the Companies Act, 2013.
- Appointment recommended by the Audit Committee and subject to shareholder approval.
Financial Performance
Revenue Growth by Segment
Revenue from operations grew 5.08% to INR 4,320.85 lakhs in FY25. By product segment in H1 FY25, Single Vision Lenses contributed 65.80% (slight increase from 65.11%), Progressive Lenses contributed 20.96% (down from 21.14%), Bifocal Lenses contributed 11.11% (down from 11.51%), and Special Category lenses contributed 2.13% (down from 2.24%).
Geographic Revenue Split
The company is deepening penetration in Maharashtra, Gujarat, and Rajasthan. International exports for FY25 stood at INR 532.14 lakhs (calculated on FOB basis), representing a significant focus on scaling global demand.
Profitability Margins
Gross Profit Margin improved to 72.36% in H1 FY25 from 71.34% in H1 FY24. Net Profit Ratio stood at 22.19% in FY25 compared to 21.95% in FY24. The steady rise in PAT reflects efficient taxation management and sustained bottom-line growth.
EBITDA Margin
EBITDA Margin for H1 FY25 was 30.39%, a decrease of 672 bps from 37.11% in H1 FY24. This was primarily driven by an increase in employee benefit expenses (up to INR 740.93 lakhs in FY25) and other operational costs.
Capital Expenditure
Property, plant, and equipment increased to INR 2,009.87 lakhs by Sep-24 from INR 1,924.17 lakhs in Mar-24. Capital work-in-progress stood at INR 944.02 lakhs as of Sep-24, indicating ongoing investments in manufacturing capacity.
Credit Rating & Borrowing
Finance costs reduced 28.03% from INR 170.45 lakhs in FY24 to INR 122.67 lakhs in FY25 due to lower interest expenses. The Debt-Equity ratio improved significantly by 80.92%, dropping from 0.85 to 0.16 following the equity infusion from the IPO.
Operational Drivers
Raw Materials
Raw materials include optics and lens components. Cost of material consumed was INR 1,504.52 lakhs in FY25, representing 33% of Total Income.
Import Sources
Not specifically disclosed by country, but the company notes exposure to currency fluctuations affecting import costs, suggesting significant international procurement for lens materials.
Capacity Expansion
The company is leveraging IPO proceeds for capacity expansion and technological upgrades to meet rising export and domestic demand. Capital work-in-progress of INR 944.02 lakhs as of Sep-24 supports this expansion.
Raw Material Costs
Cost of material consumed stood at INR 1,504.52 lakhs (33% of total income) in FY25. Procurement strategies focus on managing price volatility and ensuring supply chain stability for optics manufacturing.
Manufacturing Efficiency
Driven by operational excellence and economies of scale. Depreciation increased to INR 120.34 lakhs in FY25, reflecting new asset additions aimed at improving production efficiency.
Logistics & Distribution
Distribution-related costs such as custom clearing, forwarding, and commission expenses are part of the INR 843.30 lakhs in other expenses (18.32% of Total Income).
Strategic Growth
Expected Growth Rate
11.76%
Growth Strategy
Growth will be achieved through backward integration, international expansion into new export markets, and increasing market share in high-margin progressive lenses. The company is also exploring new eyewear segments like sunglasses and frames while leveraging IPO proceeds for technological upgrades.
Products & Services
Manufacturing, trading, and distribution of optics and lenses, including Single Vision Lenses, Bifocal Lenses, Progressive Lenses, and Special Category lenses.
Brand Portfolio
IRIS, Seto.
New Products/Services
Expansion into sunglasses and frames is identified as a 'Way Ahead' strategy to diversify the product portfolio beyond corrective lenses.
Market Expansion
Targeting deeper penetration in Maharashtra, Gujarat, and Rajasthan, alongside scaling production to meet international export demand which reached INR 532.14 lakhs in FY25.
External Factors
Industry Trends
The industry is growing due to increased screen time from e-commerce and social media, driving demand for vision care. An aging population is increasing the share of progressive lenses. The company is positioning itself through backward integration to capture more value.
Competitive Landscape
Faces intense price-based competition from both domestic and international lens manufacturers.
Competitive Moat
Moat is built on a strong product portfolio (IRIS, Seto), established distribution networks in Western India, and high-quality manufacturing standards. These are sustainable through continuous technological upgrades and capacity expansion.
Macro Economic Sensitivity
Sensitive to discretionary spending levels; economic slowdowns directly impact the demand for premium eyewear and lens upgrades.
Consumer Behavior
Shift toward increased demand for progressive lenses due to an increase in the average working age and higher digital device usage.
Geopolitical Risks
Trade barriers and regulatory compliance costs across different international markets pose risks to the company's export growth strategy.
Regulatory & Governance
Industry Regulations
Subject to Directorate of Revenue Intelligence (DRI) oversight and international regulatory compliance for exports. Must adhere to manufacturing standards for medical-grade optics.
Environmental Compliance
Not disclosed as a specific INR value, though the company adheres to chemical handling and manufacturing safety protocols.
Taxation Policy Impact
Current tax expense for FY25 was INR 320.00 lakhs on a Profit Before Tax of INR 1,298.87 lakhs, implying an effective tax rate of approximately 24.6%.
Legal Contingencies
The company received a communication from the Directorate of Revenue Intelligence (DRI) and has provided a response; the specific case value or potential liability in INR is not disclosed.
Risk Analysis
Key Uncertainties
Regulatory actions (DRI inquiry), raw material price volatility, and the ability to maintain quality standards across increased production volumes (Quality Risk).
Geographic Concentration Risk
High concentration in Western India (Maharashtra, Gujarat, Rajasthan), though exports (INR 532.14 lakhs) are diversifying this.
Third Party Dependencies
Dependency on suppliers for raw materials is noted as a supply chain risk, though specific supplier percentages are not disclosed.
Technology Obsolescence Risk
The company mitigates technology risk by leveraging IPO proceeds for 'technological upgrades' and focusing on 'technology innovation' in lens manufacturing.
Credit & Counterparty Risk
Trade receivables stood at INR 1,416.26 lakhs as of Sep-24, up from INR 1,179.18 lakhs in Mar-24. Trade Receivables Turnover Ratio was 3.15 in FY25.
