505504
GHV Infra share price & financials
- Price
- ₹219.85
- Market cap
- ₹2.3k Cr
- Sector
- Construction
What GHV Infra does
GHV Infra Projects (formerly Sindu Valley Technologies Limited, a company on record since 1976) is an EPC/turnkey construction contractor that took on its present infrastructure business after a November 2024 change of control brought in the GHV Group's promoters and the company's object clause was widened into construction and development activities. It earns contract revenue by designing, procuring, constructing, testing and commissioning projects such as national highways, railway workshops, irrigation dams, solar power plants, flue-gas-desulfurisation systems for thermal plants, coastal roads and industrial/institutional buildings, working for government agencies (e.g. NHAI/Bharatmala, South Eastern Railway) and private industrial clients. It has also taken its first overseas EPC mandate, for an industrial and commercial manufacturing hub in Ras Al Khaimah, UAE.
Segments
- Infrastructure
- Industrial
- Building
- Ongoing / in-hand projects
- 11
- Project locations (India)
- Gujarat, Maharashtra, Karnataka, Madhya Pradesh and Jharkhand, plus Mumbai city works
- International presence
- EPC contract under execution in Ras Al Khaimah Economic Zone, UAE
- Business verticals
- 3 - Infrastructure, Industrial and Building EPC
- Flagship delivered project
- Dahod (Gujarat) factory for manufacturing 9000 HP electric locomotives, inaugurated by the Prime Minister
- Group heritage
- Part of the GHV Group, founded 1965 in Ahmedabad
Quarterly results
Q1 FY27: revenue up 173.3%, net profit up 47.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 18 | 165 | 80 | 184 +18277% | 138 +646% | 214 +29% | 219 +173% |
| EBITDA | 0 | 4 | 20 | 8 | 22 | 28 +645% | 39 +97% | 24 +203% |
| Net profit | 0 | 3 | 14 | 5 | 11 | 15 +392% | 18 +30% | 7 +47% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −82.0% 1Y
1Y: ₹1,589.45 on 10 Sept 2025 → ₹286.5. High ₹1,589.45 (10 Sept 2025), low ₹182.4 (7 Jul 2026).
Financials, as filed
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr | ₹184 Cr | ₹615 Cr |
| Operating profit | ₹-0 Cr | ₹0 Cr | ₹24 Cr | ₹98 Cr |
| Operating margin | — | — | 12.9% | 15.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹32 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr |
| Net profit | ₹-0 Cr | ₹0 Cr | ₹17 Cr | ₹49 Cr |
| Net margin | — | — | 9.2% | 8.0% |
| Cash from operations | ₹0 Cr | ₹0 Cr | ₹-56 Cr | ₹-64 Cr |
| Free cash flow | ₹0 Cr | ₹0 Cr | ₹-56 Cr | ₹-67 Cr |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹36 Cr | ₹36 Cr |
| Reserves | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹-2 Cr | ₹61 Cr | ₹95 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹236 Cr | ₹192 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹179 Cr | ₹270 Cr |
| Total liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹512 Cr | ₹593 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹510 Cr | ₹589 Cr |
| Total assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹512 Cr | ₹593 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −10.00 pp while the public added +10.00 pp. The shareholder count grew 2730% to 5,320.
- Promoters
- 64.0%
- Public
- 36.0%
Since Jun 2025
- Promoters −10.00 pp
- Public +10.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.5% to 64.0% — −9.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.5%, Public 26.5%.Dec '23: Promoters 73.5%, Public 26.4%.Mar '24: Promoters 73.5%, Public 26.4%.Jun '24: Promoters 73.5%, Public 26.4%.Sep '24: Promoters 73.5%, Public 26.4%.Dec '24: Promoters 3.6%, Public 96.4%.Mar '25: Promoters 74.0%, Public 26.0%.Jun '25: Promoters 74.0%, Public 26.0%.Sep '25: Promoters 74.0%, Public 26.0%.Dec '25: Promoters 70.4%, Public 29.6%.Mar '26: Promoters 64.0%, Public 36.0%.Jun '26: Promoters 64.0%, Public 36.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of GHV Infra above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jhv Commercials Llp | 58.78% | unchanged |
| Fortune Financial And Equities Services Private Limited | 10.00% | unchanged |
| Husena A Musamji | 5.20% | unchanged |
| Kalpesh Kantilal Patel | 2.08% | unchanged |
| Feel Good Hotels Private Limited | 2.08% | unchanged |
| Pareshaben Kamleshbhai Modi | 1.73% | unchanged |
| Sangitaben Rohitbhai Modi | 1.73% | unchanged |
| Utsav Rohit Modi | 1.73% | unchanged |
| Kamleshkumar Prahladbhai Modi | 1.73% | unchanged |
| Rohitkumar Prahladbhai Modi | 1.55% | −0.18 pp |
| Payal Kalpesh Patel | 1.35% | −0.14 pp |
| Manisha Arvind Sharma | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse GHV Infra
Guides on how to read this kind of business and the numbers that matter.