Neetu Yoshi Ltd has received a purchase order worth about ₹7.39 crore for the supply of cast steel bearing plates manufactured according to RDSO specifications and drawings.
The order was disclosed to the BSE SME platform on Thursday.
With a market capitalisation of ₹560.07 crore, the stock was trading at ₹144.30, up 0.77% from its previous close of ₹143.20. The company trades at a P/E ratio of 22.37.
Order Details
The contract has been awarded by an undisclosed domestic manufacturer.
According to the filing:
- Order value is approximately ₹7.39 crore.
- Products will be supplied as per Research Designs and Standards Organisation (RDSO) specifications.
- The transaction is entirely domestic.
- The counterparty is not related to the company’s promoters or promoter group.
- The deal does not qualify as a related-party transaction.
The company has to execute the order on or before June 30, 2026.
Significance of RDSO Approval
RDSO serves as the technical standards body of Indian Railways.
Components manufactured under RDSO specifications are required to meet prescribed dimensional, metallurgical and heat-treatment standards.
Neetu Yoshi is an RDSO-certified vendor, enabling it to supply products used in railway rolling stock and infrastructure.
Order Size Relative to Revenue
The order is equivalent to roughly 7.5% of the company’s FY26 revenue of ₹98 crore.
The final contract value may vary by 1-2% depending on component weight and other contractual adjustments, according to the filing.
Given the June-end execution deadline, the order is expected to contribute to revenue during the current quarter.
Financial Performance
Neetu Yoshi reported steady growth over the past three financial years.
Revenue
- FY24: ₹47 crore
- FY25: ₹71 crore
- FY26: ₹98 crore
Net profit
- FY24: ₹13 crore
- FY25: ₹16 crore
- FY26: ₹25 crore
The company said:
- Revenue recorded a three-year CAGR of 82%.
- Profit registered a CAGR of more than 290%.
- Operating margins remained in the 30-33% range.
Balance Sheet Metrics
Borrowings declined sharply during FY26.
Key numbers include:
- Borrowings fell to ₹4 crore from ₹14 crore in FY25.
- Return on capital employed (ROCE): 31.8%
- Return on equity (ROE): 27.5%
However, some working capital indicators weakened.
- Debtor days increased from 79 to 118.
- Working capital days rose to 133.
- Free cash flow remained negative during FY26.
The balance sheet showed ₹38 crore under capital work-in-progress, indicating an ongoing capacity expansion programme.
Business Profile
Established in January 2020, Neetu Yoshi initially operated as a trader of railway-grade raw materials before entering manufacturing.
The company now runs an RDSO-certified and ISO-certified foundry in Uttarakhand with an integrated CNC machine shop.
Its product portfolio includes:
- Cast iron
- SG iron
- Manganese steel
- Mild steel components
The company manufactures products ranging from 0.2 kg to 500 kg and is listed on the BSE SME platform.
TL;DR:
Neetu Yoshi has won a ₹7.39 crore order for RDSO-compliant cast steel bearing plates. The contract, which must be completed by June 30, is equivalent to about 7.5% of the company’s FY26 revenue.
AI summary:
- Neetu Yoshi secured a ₹7.39 crore railway component order.
- The products will be supplied as per RDSO specifications.
- Execution is scheduled to be completed by June 30, 2026.
- FY26 revenue stood at ₹98 crore and net profit at ₹25 crore.
- Borrowings declined to ₹4 crore in FY26.
