Mr. Tarun Manharlal Doshi, aged 51 years, is the Promoter, Chairman and Managing Director of the Company. He has a work experience of over 13 years in the company in the field of trading and manufacturing of spectacle/optical lenses. He has completed his first year of graduation in commerce from Bhavnagar University. He has been associated with the Company since incorporation and was redesignated as Chairman and Managing Director w.e.f. January 31, 2024 for a period of 5 years. He looks after the management and operations of the company and is involved in bringing about innovation in the operations and products of the Company. He is responsible for the entire management and administration of the Company and brings about innovation through creation of new capacities, development of products, exploring and evaluating ways of penetrating existing markets and developing new markets in India and abroad. Mr. Dharmendra M Doshi, aged 49 years, is the Promoter and Whole-time Director of the Company. He has a work experience of 17 years in the field of trading and manufacturing of spectacle/optical lenses including 4 years in the Company and 13 years of experience in his proprietorship firm. He has completed his first year of graduation in commerce from Bhavnagar University. He has been appointed on September 11, 2017 and was redesignated as Whole-time Director w.e.f. January 31, 2024 for a period of 5 years. He currently looks after the overall administration and finance operations of the Company. He is actively involved in the day-to-day operations of our Company and looks after the overall accounts & finance, marketing and administration of the Company. He is result oriented, focused, hardworking person and provides strategic advice and guidance to the members of the Board of Directors, to keep them aware of developments to ensure that appropriate policies are developed. Mr. Chirag Manharlal Doshi, aged 47 years, is the Promoter and Whole-time Director of the Company. He has a work overall 21 years of experience in the field of trading and manufacturing of spectacle/optical lenses including 4 years in the Company and 17 years of experience in his proprietorship firm. He has completed his first year of graduation in commerce from Bhavnagar University. He has been appointed on September 11, 2017 and was redesignated as Whole-time Director w.e.f. January 31, 2024 for a period of 5 years. He oversees the operational aspects of the Company, ensuring smooth execution of production process and efficient utilization of resources ensuring adherence to timelines, quality standards, and client requirements. He is the driving force behind the formulation and execution of the Company’s strategic vision. Under his guidance, the Company has witnessed continuous growth.

Name of the Company	Revenue (In Crore)	PAT (In Crore)	EPS ( in Rs)	P/E	CMP	Mcap (In Crore)
Yash Optics & Lens Limited	40	8	3.25	24.9	81	201
GKB Ophthalmics Ltd	75	0.11	-0.34	N/A	87	44

* All the data is as per FY23.

Review and Recommendation of Yash Optics & Lens by team IZ is 4/10. 1. Yash Optics & Lens Limited, established on July 23, 2010, as Yash Optics & Lens Private Limited, has grown significantly from its humble beginnings to become a public limited company, as recognized in January 2024 2. Product Offerings and Services: Yash Optics & Lens Limited is engaged in the manufacturing, trading, distribution, and supply of a comprehensive range of optical and spectacle lenses. From single vision lenses to cutting-edge personalized progressive lenses, the company caters to a broad spectrum of customer needs, covering economy to luxury segments. Manufacturing is carried out based on specific orders and prescriptions, ensuring personalized care and precision. 3. Strategic Partnerships: A notable partnership with HOYA Lens India Private Limited as the exclusive distributor of the “Pentax” brand in India signifies the company's strong market presence and distribution capabilities. This collaboration underscores Yash Optics & Lens Limited's commitment to offering high-quality products and services. 4. Manufacturing and Supply Chain Excellence: The manufacturing facility in Mumbai is equipped with advanced machinery and technology, accredited with ISO 9001:2015, emphasizing quality management in manufacturing, import, export, and supply of ophthalmic products. The supply chain is global, with raw materials sourced both domestically and internationally, ensuring quality and reliability. 5. Geographical Presence and Distribution Network: Yash Optics & Lens Limited boasts a comprehensive distribution network across India, employing a mix of B2B and B2C models to reach opticians and end-users directly. The company's geographical presence extends across 29 states and internationally to various countries in Africa and the Middle East, reflecting its ambition to diversify and expand its customer base globally. 6. Market Position and Competitive Landscape: Operating in a competitive market, Yash Optics & Lens Limited differentiates itself through quality, reliability, and end-to-end solutions. Despite the competition from both organized and unorganized sectors, the company's established client relationships, reputation, and service quality position it strongly to continue thriving in the optical and spectacle lens market. 7. The Revenue has Increased from Rs.15 Crore in FY21 to Rs.39 Crore in FY23. 8.The EBITDA has Increased from 2 Crore in FY21 to 12 Crore in FY23. 9. The PAT has Increased from 1 Crore in FY21 to 8 Crore in FY23. 10. As per FY23, CFO/EBITDA is 1.02, As per FY24, EPS is 3.41, 11. Market Capitalization is 201 Crore & P/E is 23.73x based on FY24.

Yash Optics & Lens Limited 1st, Floor, Unit 70A, Kandiwali Industrial Estate, Charkop, Kandivali West, Mumbai-400067 Phone: + 91 9903231000 Email: investors@yashopticsandlens.com Website: https://yashopticsandlens.com/