Yash Highvoltage Expands US Footprint via 3-Year Partnership with EHV Solutions LLC

Key numbers

Execution Period	36 MonthsContract length
Market Cap	₹3,537.6 CrHeavy Electricals
PE TTM	94.78xSector PE 55.1x
1-Year Return	133.5%Stock performance
Execution period	36 months

Key highlights

• Agreement effective from October 12, 2026, for a 36-month duration
• Covers five states in the Western and South Central United States territory
• Portfolio includes LV High Current Bushings up to 25,000 Amps
• Product scope includes OIP Condenser Bushings up to 245 kV
• Future expansion into RIP and RIS Condenser Bushings starting in 2027

Strategic Sales Representation in the United States

Yash Highvoltage’s subsidiary, YASH HV USA INC., has executed a formal Representation Agreement with EHV Solutions LLC, effective October 12, 2026. This partnership appoints EHV Solutions as the sales representative for five states across the Western and South Central United States for a period of 36 months. Beyond direct sales, the scope of the agreement covers critical market-entry activities such as stakeholder mapping, product evangelism, and obtaining essential utility approvals and product homologation.

This move is designed to strengthen the company’s foothold in the US electrical infrastructure market through localized technical expertise and established relationship networks.

Product Portfolio and Technological Roadmap

• Low Voltage High Current Bushings supporting up to 25,000 Amps
• Oil-Impregnated Paper (OIP) Condenser Bushings up to 245 kV rating
• Introduction of Resin Impregnated Paper (RIP) bushings up to 230 kV
• Resin Impregnated Synthetic (RIS) Condenser Bushings for US utility grids
• Planned rollout of 230 kV RIP/RIS products starting in calendar year 2027

Accelerated Global Expansion and Order Pipeline

The deal follows a series of rapid international appointments for Yash Highvoltage. In September 2026, the company secured representation agreements with Ensales Electrical Associates for 19 US states and Gateway Power Sales for three Midwestern states. These efforts are supported by the commencement of commercial production at the new Vadodara RIP/RIS bushing facility on September 30, 2026.

With an unexecuted order book exceeding ₹400 crore as of March 2026 and management targeting new bookings of over ₹500 crore for FY27, these regional partnerships are pivotal for scaling the company's international revenue stream.

Financial Performance and Sector Positioning

The company reported robust annual growth with operating revenue rising 58.99% to ₹235.16 crore and net profit surging 74.02% to ₹37.32 crore in the last fiscal year. This financial momentum is reflected in its technical indicators, with the stock trading near its 52-week high of ₹1,245 and a Day RSI of 64.31. While the current P/E of 94.78x is higher than the industry average of 58.83x, the company’s momentum score of 76.5 highlights strong market sentiment surrounding its infrastructure-led growth and strategic pivot toward advanced dry-type bushing technologies for global markets.

What to watch next

• Commercial availability of 230 kV RIP and RIS bushings in the US market by 2027
• Execution against the ₹500+ crore new order booking target for FY27
• Next quarterly financial results announcement scheduled for early 2027

Yash Highvoltage · financial snapshot

Share price	₹1236.5
Market capitalisation	₹3,537.63 Cr
Revenue (annual)	₹235.16 Cr
Net profit (annual)	₹37.32 Cr
P/E (TTM)	94.78×Sector 55.1×
Promoter holding	54.79%
FII holding	2.17%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.