CHAVDA

Chavda Infra financials

Market cap
₹409 Cr
Sector
Construction
Calls analysed
1
Latest concall · Q4 FY25 · call held 30 May 2025

Chavda Infra Ltd Q4 FY25

Revenue from Operations ₹260 cr +8%EBITDA ₹56 cr +33%EBITDA Margin 21.6% PAT ₹21 cr +12%

What went well

  • Strong EBITDA growth of 33% YoY in FY25 to ₹56 crores.
  • EBITDA margins expanded significantly by 399 bps to 21.6% in FY25.
  • PAT grew 12% YoY to ₹21 crores in FY25.

What to watch

  • Muted revenue growth of 8% YoY in FY25, largely due to delays and cancellation of select projects.
  • Cash flow from operations was negative ₹32.8 crores in FY25, primarily due to elevated trade receivables.
Read the full call →

What Chavda Infra Ltd does

Chavda Infra Limited is a fully integrated EPC (engineering, procurement and construction) company that executes private-sector construction projects across the entire real estate value chain -- planning, design, engineering, procurement, construction and quality assurance. It builds residential towers, commercial buildings and institutional facilities (hospitals, schools, hostels) for leading real estate developers and corporates, mostly on a nomination (repeat-client) basis. The company also runs ready-mix concrete (RMC) operations and a refurbishment yard through its subsidiary Chavda RMC LLP to support in-house material supply and captive consumption.

Segments

  • Residential projects
  • Commercial projects
  • Institutional projects
Total workforce
296 (FY25); ~346 per FY25 annual report
Daily workforce mobilized on sites
3,500+
Ongoing projects
30+
Total projects executed
150+
Completed projects (FY25)
8
Tallest project height
140+ metres (up to 145m for Nirma Corporate House)
Founded 1990Headquarters Ahmedabad, Gujarat, IndiaEmployees 346 (FY25) Company website

Guidance record · Q4 FY25

what the last two calls moved 6 tracked 0 delivered 0 missed 6 open
  • Revenue open said Q4 FY25 Promised: It's going to be between 300 to 350 crores. Q4 FY25: Guidance set for FY26.

All 6 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 81.1%, net profit up 113.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue115 35 112 46 104 −10%49 +42%168 +50%84 +81%
EBITDA24 10 23 11 28 +17%11 +19%19 −16%11 +4%
Net profit9 1 11 2 8 −11%2 +64%7 −32%4 +113%
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 +9.1% 1Y

₹80₹100₹120₹140Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹114.9 on 10 Sept 2025 → ₹125.3. High ₹140.75 (7 Aug 2026), low ₹81.3 (30 Mar 2026).

Financials, as filed

Year endingFY26
Revenue₹367 Cr
Operating profit₹69 Cr
Operating margin18.9%
Interest₹23 Cr
Depreciation₹21 Cr
Net profit₹19 Cr
Net margin5.1%
Cash from operations₹-8 Cr
Free cash flow₹-30 Cr
ROCE13.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹2 Cr₹2 Cr₹18 Cr₹25 Cr₹25 Cr₹33 Cr
Reserves₹12 Cr₹17 Cr₹12 Cr₹68 Cr₹96 Cr₹188 Cr
Borrowings₹33 Cr₹50 Cr₹53 Cr₹86 Cr₹168 Cr₹139 Cr
Other liabilities₹40 Cr₹41 Cr₹71 Cr₹72 Cr₹108 Cr₹141 Cr
Total liabilities₹87 Cr₹109 Cr₹154 Cr₹251 Cr₹396 Cr₹500 Cr
Fixed assets₹34 Cr₹29 Cr₹34 Cr₹67 Cr₹79 Cr₹90 Cr
Capital work in progress₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹20 Cr
Other assets₹53 Cr₹78 Cr₹120 Cr₹184 Cr₹317 Cr₹390 Cr
Total assets₹87 Cr₹109 Cr₹154 Cr₹251 Cr₹396 Cr₹500 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 Mar 2025, promoters trimmed −17.88 pp while the public added +17.15 pp. The shareholder count shrank 10% to 2,304.

Promoters
55.1%
DIIs
1.4%
Public
43.5%

Since Mar 2025

  • Promoters −17.88 pp
  • Public +17.15 pp
  • DIIs +0.89 pp

How it drifted, 7 quarters

Over this window the public went from 20.2% to 43.5% — +23.3 pp.

Sep '23Mar '25Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.0%, FIIs 5.3%, DIIs 1.6%, Public 20.2%.Mar '24: Promoters 73.0%, FIIs 1.0%, DIIs 0.4%, Public 25.5%.Sep '24: Promoters 73.0%, FIIs 0.9%, DIIs 0.1%, Public 25.9%.Mar '25: Promoters 73.0%, FIIs 0.2%, DIIs 0.5%, Public 26.3%.Sep '25: Promoters 73.0%, Public 27.0%.Mar '26: Promoters 55.1%, DIIs 1.4%, Public 43.5%.Jun '26: Promoters 55.1%, DIIs 1.4%, Public 43.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Chavda Infra Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Maheshkumar Gunvantlal Chavda 36.75%unchanged
Dharmishtha Maheshkumar Chavda 9.19%unchanged
Johil Mahesh Chavda 9.19%unchanged
Apurva Jain 4.72%unchanged
Akshay Rakesh Chaudhary 4.07%unchanged
Dilip Shankarbhai Chaudhary 3.98%unchanged
Manojkumar Madhavlal Chaudhari 3.23%unchanged
Jinshi Nishil Shah 1.82%newly disclosed
Kajal Prashil Shah 1.81%unchanged
Arunaben Vinodchandra Dhandhara 1.67%unchanged
Akalpya India Investment Trust- Akalpya India Equi AIF1.39%unchanged
Javal Vishnukumar Patel 1.22%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 Chavda Infra Ltd

Guides on how to read this kind of business and the numbers that matter.