Yuken India Limited (YUKEN)
₹1,152.60 +1.24% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Yuken India's revenue was ₹134 Cr (+28.5% year on year, +0.9% on the previous quarter), and net profit ₹5.2 Cr (+28.9% year on year); the operating margin was 11.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹134 | +28.5% | +0.9% |
| Operating profit | ₹15.1 | +20.7% | -3.2% |
| Net profit | ₹5.2 | +28.9% | -10.2% |
| EPS (₹) | 3.84 | +23.1% | -10.3% |
| Operating margin | 11.2% | — | — |
YUKEN delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 56.74% of the YUKEN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 49.21%. That is close to its usual level. Turnover was only ₹55 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: 44.3% · 52.9% · 55.7% · 53.2% · 56.7%
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
Yuken India conducted its 50th Annual General Meeting on September 10, 2026, where shareholders approved all five proposed resolutions with the requisite majority. Key approvals include the declaration of a final dividend of Rs 1.50 per share for FY26 and the redesignation of Mr. Yoshitake Tanaka from Non-Executive to Executive Director (Whole Time Director). The meeting saw 43 members attending via video conferencing, with statutory and secretarial audit reports confirmed to have zero adverse qualifications.
- Declared a final dividend of Rs 1.50 per share for the financial year ended March 31, 2026
- Appointed Mr. Yoshitake Tanaka as Executive Director designated as Whole Time Director
- Re-appointed retiring Director Mr. Tadanori Okada (DIN: 10727075)
- Remote e-voting was held from September 5, 2026 to September 9, 2026, with 43 members present at the meeting
Yuken India Limited held its 50th Annual General Meeting on September 10, 2026, where shareholders passed all proposed resolutions. Key approvals include the declaration of a final dividend of Rs 1.50 per share for FY26 and the adoption of audited financial statements. Additionally, shareholders approved the appointment of Mr. Yoshitake Tanaka as Executive Director designated as Whole Time Director.
- Declared final dividend of Rs 1.50 per share for FY26
- Change in designation of Mr. Yoshitake Tanaka to Executive Director / Whole Time Director approved
- Ratified cost auditor remuneration for FY 2026-27
- 43 members were present throughout the meeting held via video conferencing
Yuken India Limited concluded its 50th Annual General Meeting on September 10, 2026. Shareholders approved all agenda items, including the declaration of a final dividend of ₹1.50 per share for the financial year ended March 31, 2026. The meeting also ratified cost auditor remuneration and approved the redesignation of Mr. Yoshitake Tanaka to Executive Director (Whole Time Director). A total of 43 members attended the meeting virtually.
- 50th Annual General Meeting successfully concluded on September 10, 2026
- Declared final dividend of ₹1.50 per share for FY26
- Change in designation of Mr. Yoshitake Tanaka to Executive Director / Whole Time Director approved
- 43 members were present throughout the meeting via video conferencing
Yuken India Limited has issued a corrigendum to its FY 2025-26 Annual Report, scheduled ahead of its 50th Annual General Meeting on September 10, 2026. The company noted that subsequent to circulation, inadvertent printing and typographical errors were identified across sections including the Board Report, Corporate Governance Report, and Financial Statements. Management clarified that these corrections have no material impact on the financial statements, disclosures, financial position, or overall substance of the report. An updated version has been made publicly available on the company website.
- Corrigendum issued for FY 2025-26 Annual Report ahead of the 50th AGM on September 10, 2026
- Typographical corrections span sections including pages 25, 30, 41, 49-59, 73, 74, 83, 86-90, and 166-238
- Management confirms no material impact on financial figures, substance, or financial position
- Variable rate borrowings reported in the Annual Report stood at ₹7,614.59 lakhs as at March 31, 2026
Yuken India Limited has announced the resignation of its Head of Human Resources, Mr. Shekhar S S, citing personal reasons on August 25, 2026. The resignation has been accepted by the company, and he has requested to be relieved from his duties effective October 9, 2026. This represents a routine mid-level senior management transition and does not have an immediate operational or financial impact on the company's hydraulic equipment business.
- Resignation submitted by Mr. Shekhar S S (Head - Human Resources / AGM HR & IR) on August 25, 2026
- Effective relieving date requested as October 9, 2026
- Resignation attributed to personal reasons with no reported disputes
Yuken India Limited informed the stock exchanges regarding the resignation of Mr. Shekhar S S from the post of Head – Human Resources (AGM HR & IR). The resignation was tendered on August 25, 2026, citing personal reasons and has been accepted by the company. He is scheduled to be relieved from his duties effective October 9, 2026, after serving the notice period. This mid-level functional leadership change has no material bearing on company financials (TTM revenue of Rs 492 Cr).
- Mr. Shekhar S S submitted resignation as Head - Human Resources on August 25, 2026
- Requested relieving date is effective October 9, 2026
- Departure attributed solely to personal reasons
Yuken India Limited has issued an intimation regarding the dispatch of letters to physical shareholders who do not have registered email IDs as of the August 14, 2026 cut-off date. The communication provides access links to the Annual Report for FY 2025-26 in compliance with SEBI LODR Regulation 36(1)(b). The company's 50th Annual General Meeting is scheduled to be held on Thursday, September 10, 2026, at 10:30 AM IST via Video Conferencing. The filing also reminds physical shareholders to update KYC details and dematerialise their holdings per SEBI guidelines.
- 50th Annual General Meeting scheduled for Thursday, September 10, 2026, at 10:30 AM IST via VC/OAVM
- Letters dispatched to shareholders holding physical shares without registered email IDs as of August 14, 2026
- Annual Report for FY 2025-26 published and made accessible on the company website
- Reminder issued for physical share KYC updation pursuant to SEBI circular dated January 30, 2026
Yuken India has dispatched a formal communication detailing Tax Deducted at Source (TDS) guidelines regarding its recommended dividend of ₹1.50 per equity share (face value ₹10) for FY26. For resident shareholders, withholding tax is set at 10% for valid PAN holders and 20% for missing or unlinked PANs, with a nil-TDS threshold for individual dividend receipts up to ₹10,000 in FY 2026-27. Non-resident shareholders may avail lower tax treaty rates upon submission of valid Tax Residency Certificates, Form 10F, and self-declarations. Shareholders eligible for lower or zero TDS must upload required documentation to RTA KFin Technologies by August 28, 2026.
- Recommended dividend of ₹1.50 per equity share of face value ₹10 for the financial year ended March 31, 2026.
- Standard TDS rate of 10% for resident shareholders with valid PAN; rate increases to 20% if PAN is invalid or unlinked with Aadhaar.
- Zero TDS for resident individual shareholders if total dividend received in FY 2026-27 does not exceed ₹10,000.
- Cut-off date for uploading tax exemption documents (Form 15G/15H, TRC, Section 197 certificates) is August 28, 2026.
Yuken India Limited has notified exchanges that Friday, August 28, 2026, is fixed as the record date to determine shareholder eligibility for the final dividend for FY26. The dividend payment remains subject to shareholder approval at the company's upcoming Annual General Meeting. The specific per-share dividend payout amount was not stated in this intimation. For FY26, the company posted a net profit of Rs 14.38 Cr on total revenues of Rs 462.17 Cr.
- Record date fixed as Friday, August 28, 2026, for determining final dividend eligibility
- Final dividend payout is subject to shareholder approval at the upcoming Annual General Meeting
- Filing submitted on August 17, 2026, under Regulation 42 of SEBI LODR Regulations
Yuken India Limited has scheduled its 50th Annual General Meeting (AGM) for September 10, 2026, via video conferencing. Key ordinary business includes the approval and declaration of a final dividend of ₹1.50 per equity share for FY26, with the record date established as August 28, 2026. The meeting will also consider the redesignation of Mr. Yoshitake Tanaka as an Executive Director (Whole Time Director) for a four-year term commencing October 1, 2026.
- 50th Annual General Meeting to be held on Thursday, September 10, 2026
- Final dividend proposed at ₹1.50 per equity share for the financial year ended March 31, 2026
- Record date for dividend entitlement fixed as August 28, 2026
- E-voting window open from September 05, 2026 (9:00 AM) to September 09, 2026 (5:00 PM)
- Approval sought for appointing Mr. Yoshitake Tanaka as Whole Time Director for 4 years from Oct 1, 2026
Yuken India Limited has submitted its quarterly statement confirming zero deviation in the utilization of ₹5,991.84 lakhs raised via preferential allotment. The funds were raised on July 24, 2025, from its Japanese promoter, Yuken Kogyo Co. Ltd. The proceeds are currently being deployed for business expansion and the manufacturing of new products intended for export to the Yuken Group and other global customers. This filing for the quarter ended June 30, 2026, indicates that the capital expenditure is proceeding as per the original objects of the issue.
- ₹5,991.84 lakhs raised through preferential allotment to Japanese promoter Yuken Kogyo Co. Ltd.
- Preferential allotment was completed on July 24, 2025.
- Zero deviation or variation reported in fund utilization for the quarter ended June 30, 2026.
- Funds are earmarked for expanding manufacturing capacity for new export-oriented products.
- Audit Committee has reviewed and confirmed the statement of no deviation.
Yuken India's Board has approved the redesignation of Mr. Yoshitake Tanaka from Non-Executive Director to Whole-time Director, effective October 1, 2026. Mr. Tanaka has a history with the company, having previously served in the same executive capacity from September 2022 to September 2024. This leadership shift comes as the company executes a significant Rs 162.55 Cr capex plan (approx. 35% of TTM revenue) aimed at export-oriented products. The appointment is for a four-year term and is subject to shareholder approval at the next General Meeting.
- Mr. Yoshitake Tanaka appointed as Whole-time Director for a 4-year term starting October 1, 2026
- Mr. Tanaka previously held the same role from September 14, 2022, to September 19, 2024
- The company is currently implementing a Rs 162.55 Cr capex plan for domestic and export markets
- TTM revenue stands at Rs 462 Cr with a current OPM of 8.6%
Yuken India reported a strong year-on-year performance for Q1 FY27, with consolidated revenue growing 28.5% to ₹134.33 crore compared to ₹104.55 crore in Q1 FY26. Consolidated Net Profit (attributable to owners) increased by 28.6% YoY to ₹5.21 crore, though it saw a sequential decline from ₹5.80 crore in Q4 FY26. The company maintained a healthy run rate, with Q1 revenue representing approximately 29% of its total FY26 revenue. A final dividend of ₹1.50 per share for FY26 remains proposed, pending shareholder approval.
- Consolidated Revenue from operations increased 28.5% YoY to ₹134.33 crore.
- Consolidated Net Profit attributable to owners grew 28.6% YoY to ₹5.21 crore.
- Earnings Per Share (EPS) improved to ₹3.84 from ₹3.12 in the corresponding previous quarter.
- Total consolidated expenses rose to ₹128.15 crore, driven by a ₹62.23 crore cost of materials.
- Proposed final dividend of 15% (₹1.50 per share) for FY26 will result in a ₹2.04 crore cash outflow if approved.
Yuken India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. This document, issued by KFin Technologies Limited (the Registrar and Share Transfer Agent), confirms that securities dematerialized or rematerialized during the period have been appropriately processed and reported to the exchanges. This is a standard administrative filing required for all listed entities to ensure the integrity of electronic shareholding records. It has no impact on the company's financial performance or its ongoing Rs 162.55 Cr capex plan.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Confirmation provided by Registrar and Share Transfer Agent, KFin Technologies Limited
- Filing adheres to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Company maintains a market capitalization of Rs 1,036 Cr as per current context
Yuken India Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of un-audited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the board meeting results are made public. The specific date for the board meeting will be communicated to the exchanges at a later date.
- Trading window for designated persons to close effective July 1, 2026.
- Closure pertains to the review of un-audited financial results for the quarter ending June 30, 2026.
- Window to reopen 48 hours after the conclusion of the upcoming Board Meeting.
- The announcement follows SEBI (Prohibition of Insider Trading) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Net segment revenue for H1 FY26 was INR 217.08 Cr, a decline of 3.89% compared to INR 225.86 Cr in H1 FY25. The Hydraulic business segment revenue was INR 188.02 Cr in H1 FY26, down 3.9% YoY from INR 195.73 Cr. The Foundry business segment revenue was INR 45.96 Cr in H1 FY26, a slight decrease of 0.9% from INR 46.40 Cr in H1 FY25.
Geographic Revenue Split
Not disclosed in available documents, though export sales are identified as a key growth driver for future PBILDT margin improvement.
Profitability Margins
The company's PBILDT margin has improved consistently over the last three years, rising from 9.12% in FY23 to 10.75% in FY24, and reaching 12.14% in FY25. This improvement is attributed to reduced raw material costs and enhanced manufacturing efficiency.
EBITDA Margin
PBILDT margin stood at 12.14% for FY25, representing a YoY increase of 139 basis points from 10.75% in FY24. Core profitability is being driven by a significant reduction in casting rejection levels from 30-35% to 12-15%.
Capital Expenditure
The company has a total group-level capital expenditure plan of INR 162.55 Cr. As of June 30, 2024, approximately 28-30% (INR 45.51 Cr to INR 48.77 Cr) of this capex has been incurred. The expansion is funded by cash accruals and a prior equity infusion of INR 62.90 Cr from the parent company.
Credit Rating & Borrowing
The company maintains a comfortable capital structure with an overall gearing of 0.34x as of March 31, 2025, compared to 0.29x in FY24. Total borrowings as of September 30, 2025, stood at INR 111.82 Cr (INR 31.20 Cr non-current and INR 80.62 Cr current).
Operational Drivers
Raw Materials
Specific raw material names are not listed, but the foundry business relies heavily on iron castings and related inputs. Raw material cost reductions were a primary driver for the margin expansion to 12.14% in FY25.
Capacity Expansion
The ongoing INR 162.55 Cr capex plan is designed to expand capacity for both domestic and export markets, specifically targeting products for the construction and agriculture segments. 28-30% of the project was completed by mid-2024.
Raw Material Costs
Raw material costs have trended downwards, contributing to the PBILDT margin improvement to 12.14%. The company is focused on reducing waste, specifically lowering foundry rejection rates from historical highs of 35% down to 12-15%.
Manufacturing Efficiency
Manufacturing efficiency is measured by the foundry rejection rate, which has been successfully reduced from 30-35% to 12-15%, directly translating to higher margins.
Strategic Growth
Growth Strategy
Growth will be achieved through a group-level capex of INR 162.55 Cr to manufacture export-oriented products and meet domestic demand in the construction and agriculture sectors. The strategy is supported by a preferential allotment of 5,84,000 shares to the promoter, Yuken Kogyo Company Limited, at a premium of INR 1,016 per share (totaling ~INR 59.92 Cr) on July 31, 2025.
Products & Services
The company sells hydraulic equipment including pumps, valves, and power packs (Hydraulic business) and iron castings (Foundry business).
Brand Portfolio
Yuken.
New Products/Services
The company is developing new products suitable for export markets as part of its INR 162.55 Cr capex plan.
Market Expansion
Targeting increased export sales and deeper penetration into the Indian construction and agriculture machinery segments.
Strategic Alliances
The company maintains a strong strategic alliance with its promoter and technical collaborator, Yuken Kogyo Company Limited, Japan, which recently increased its stake via preferential allotment.
External Factors
Industry Trends
The industry is seeing a shift toward higher efficiency hydraulic systems and increased demand for high-quality castings in global supply chains, which Yuken is positioning for through its export-oriented capex.
Competitive Moat
The company's moat is built on its technical collaboration with Yuken Kogyo (Japan), providing access to advanced hydraulic technology and a global brand reputation, which is sustainable given the parent's ongoing financial and technical support.
Macro Economic Sensitivity
The company is highly sensitive to the growth of the domestic construction and agriculture sectors, which drive the demand for hydraulic systems.
Regulatory & Governance
Industry Regulations
The company must comply with manufacturing standards for hydraulic equipment and foundry emissions, though specific regulatory costs are not detailed.
Taxation Policy Impact
The company reported a deferred tax liability of INR 11.10 Cr as of September 30, 2025.
Legal Contingencies
The company has disclosed the impact of pending litigations on its financial position in Note 37 of its standalone financial statements for the year ended March 31, 2025. Specific case values were not provided in the summary.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timely completion and stabilization of the INR 162.55 Cr capex project, which is currently in a nascent stage (28-30% complete).
Third Party Dependencies
High dependency on the Japanese parent company for technical expertise and capital (INR 62.90 Cr infusion in FY24 and ~INR 59.92 Cr in FY26).
Technology Obsolescence Risk
The company manages technology risk through its ongoing collaboration with Yuken Kogyo Japan to ensure products meet modern export standards.
Credit & Counterparty Risk
Liquidity is characterized as 'Adequate' by CARE Ratings, supported by a net cash generation from operating activities of INR 14.70 Cr in H1 FY26.
