Neetu Yoshi Limited Reports 49% Revenue Growth, Eyes Expansion into Bogie Manufacturing
Neetu Yoshi Limited, a railway components manufacturer, reported a 49% increase in revenue to Rs. 70.00 crores for FY2025. The company expanded its manufacturing facility to 10,000 square meters and is establishing a bogie manufacturing unit in Kanpur. It targets Rs. 110.00 crores revenue for FY2026, maintains an order book over Rs. 115.00 crores, and aims for 25% PAT margins. The firm plans to manufacture 500 bogies monthly and become a wagon manufacturer by FY2029-30.

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Neetu Yoshi Limited , a railway components manufacturer, has reported a robust financial performance for the fiscal year ended March 31, 2025, with significant revenue growth and ambitious expansion plans.
Financial Performance
The company's revenue surged to Rs. 70.00 crores in FY2025, marking a substantial 49% increase from Rs. 47.00 crores in the previous year. This growth underscores the company's strong market position in the railway components sector.
Expansion Plans
Neetu Yoshi Limited, which started operations in 2020 and went public raising Rs. 77.04 crores, has outlined several key expansion initiatives:
Facility Expansion: The company has expanded its manufacturing facility by 3,000 square meters, bringing the total area to 10,000 square meters.
Product Portfolio: Currently manufacturing 25 critical railway components, Neetu Yoshi is approved for 27 products by the Research Design and Standards Organisation (RDSO).
Bogie Manufacturing Unit: Utilizing IPO proceeds, the company is establishing a bogie manufacturing unit in Kanpur, expected to be operational from April 2027. This unit has a potential revenue of Rs. 200.00 crores.
New Segments: The company is expanding into coaches, tracks, and springs segments, with 36 track products and 15 bogie and coach products awaiting RDSO approval.
Future Outlook
Managing Director Himanshu Lohia announced ambitious targets for the company:
- Revenue target of Rs. 110.00 crores for the current financial year (FY2026).
- Received orders worth Rs. 10.00 crores in July 2025.
- Maintains an order book of over Rs. 115.00 crores.
- Receives new orders worth Rs. 10.00-12.00 crores monthly.
- Targeting 25% PAT (Profit After Tax) margins.
Market Position
Neetu Yoshi Limited is positioning itself as a key player in the railway components market:
- Currently L1 (lowest bidder) in tenders worth more than Rs. 25.00 crores.
- Plans to manufacture 500 bogies monthly, capturing about 5-6% of the estimated market demand of 9,000 bogies per month.
- Long-term goal to become a wagon manufacturer by FY2029-30.
Mr. Lohia stated, "We are confident we will be able to achieve our targets. We are working hard to increase revenue and save costs to improve our PAT."
With its strong financial performance and strategic expansion plans, Neetu Yoshi Limited appears well-positioned to capitalize on the growing demand in India's railway sector.
Historical Stock Returns for Neetu Yoshi
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+1.11% | +9.33% | -16.58% | +11.11% | +11.11% | +11.11% |