---
title: "Chavda Infra Ltd (CHAVDA) — Share Price, Financials & Analysis"
symbol: "CHAVDA"
company: "Chavda Infra Ltd"
canonical: "https://tapetide.com/stocks/CHAVDA"
isin: "INE0PT101017"
nse_symbol: "CHAVDA"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 401.18
generated_at: "2026-09-13T19:36:48.351Z"
---

# Chavda Infra Ltd (CHAVDA)

Canonical page: https://tapetide.com/stocks/CHAVDA

## Company

- **NSE Symbol:** CHAVDA
- **ISIN:** INE0PT101017
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-09-25
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** chavdainfra.com

## About

Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat.[1]

## Latest Price

- **Price:** ₹125.3
- **Change:** +2.45 (+1.99%)
- **Open:** ₹122.85
- **Day High:** ₹125.65
- **Day Low:** ₹122.85
- **Previous Close:** ₹122.85
- **Volume:** 10000
- **As Of:** 2026-09-11T09:58:01+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:08.151121Z.

- **Market Cap:** ₹401.18 Cr
- **Classification:** SME
- **P/E (reported):** 21
- **EPS (reported):** ₹7.61
- **Book Value:** ₹67.52
- **Price to Book:** 1.82
- **Dividend Yield:** 0%
- **ROE:** 18.79%
- **ROCE:** 26.83%
- **Debt to Equity:** 0.63
- **Revenue (yearly):** ₹320.63 Cr
- **Net Income:** ₹16.62 Cr
- **EBITDA:** ₹58 Cr
- **52-Week High:** ₹148
- **52-Week Low:** ₹80.6
- **RSI (14):** 39.85

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 38.87 | 9% |
| growth | 72 | 9% |
| momentum | 89.23 | 12% |
| ownership | 50 | 24% |
| quality | 52.04 | 22% |
| valuation | 46.68 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 101 to 134 days.
- Working capital days have increased from 101 days to 162 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -33.9% | -478.11% | -409.62% |
| ebitda margin growth | -42.5% | -19.2% | 1.69% | 26.12% |
| net income growth | -46.58% | -21.23% | 12% | 30% |
| revenue growth | -50.15% | 21.54% | 26% | 29% |
| roce | — | -10.75% | -27.29% | 29.89% |
| roe | — | -7.44% | 26.24% | -44.36% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 34.63 | 111.92 | 46.4 | 49.28 | 167.61 | 84.03 |
| Expenses | 25.13 | 89.4 | 35.4 | 37.94 | 148.71 | 72.62 |
| Operating Profit | 9.5 | 22.52 | 11 | 11.34 | 18.9 | 11.41 |
| OPM % | 27.43 | 20.12 | 23.71 | 23.01 | 11.28 | 13.58 |
| Other Income | 0.08 | 1.66 | 0.07 | 0.03 | 1.11 | 0.09 |
| Interest | 3.41 | 4.2 | 4.47 | 4.57 | 5.23 | 3.53 |
| Depreciation | 5.29 | 4.53 | 4.22 | 4.6 | 3.12 | 2.82 |
| Profit before tax | 0.88 | 15.45 | 2.38 | 2.2 | 11.66 | 5.15 |
| Tax % | -20.45 | 30.42 | 23.53 | 21.36 | 37.05 | 24.66 |
| Net Profit | 1.06 | 10.75 | 1.82 | 1.74 | 7.34 | 3.88 |
| EPS in Rs | 0.43 | 4.36 | 0.74 | 0.71 | 2.25 | 1.19 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 91 | 110 | 162 | 242 | 261 | 321 |
| Expenses | 76 | 94 | 135 | 199 | 205 | 263 |
| Operating Profit | 15 | 16 | 27 | 43 | 56 | 58 |
| OPM % | 16 | 14 | 17 | 18 | 22 | 18 |
| Other Income | 0 | 0 | 0 | 0 | 2 | 1 |
| Interest | 4 | 3 | 5 | 7 | 12 | 18 |
| Depreciation | 5 | 5 | 6 | 11 | 18 | 17 |
| Profit before tax | 6 | 7 | 17 | 25 | 28 | 24 |
| Tax % | 27 | 29 | 28 | 25 | 26 | 30 |
| Net Profit | 4 | 5 | 12 | 19 | 21 | 17 |
| EPS in Rs | 29.6 | 34.73 | 6.69 | 7.61 | 8.56 | 5.21 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 18 | 25 | 25 | 33 |
| Reserves | 12 | 17 | 12 | 68 | 88 | 188 |
| Borrowings | 33 | 50 | 53 | 86 | 162 | 139 |
| Other Liabilities | 40 | 41 | 71 | 72 | 88 | 141 |
| Total Liabilities | 87 | 109 | 154 | 251 | 362 | 500 |
| Fixed Assets | 34 | 29 | 34 | 67 | 74 | 90 |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 20 |
| Other Assets | 53 | 78 | 120 | 184 | 288 | 390 |
| Total Assets | 87 | 109 | 154 | 251 | 362 | 500 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | -9 | 9 | -25 | -43 | -8 |
| Cash from Investing Activity | -12 | -3 | -9 | -43 | -17 | -43 |
| Cash from Financing Activity | 1 | 14 | -1 | 67 | 63 | 52 |
| Net Cash Flow | -1 | 2 | -2 | -1 | 3 | 1 |
| Free Cash Flow | -2 | -11 | -1 | -68 | -57 | -30 |
| CFO/OP | 71 | -59 | 38 | -40 | -61 | 3 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 81 | 89 | 93 | 70 | 99 | 134 |
| Inventory Days | 195 | 334 | 275 | — | — | — |
| Days Payable | 270 | 276 | 283 | — | — | — |
| Cash Conversion Cycle | 6 | 146 | 86 | 70 | 99 | 134 |
| Working Capital Days | -20 | 23 | 47 | 50 | 89 | 162 |
| ROCE % | — | 18 | 28 | 25 | 18 | 13 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73% | 73% | 73% | 73% | 73% | 55.12% | 55.12% |
| FIIs | 5.25% | 1.04% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.03% | 0% | 0% | 0% | 0% | 1.39% | 1.39% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 16.21% | 21.62% | 21.83% | 22.25% | 22.76% | 40.26% | 40.5% |
| Others | 5.51% | 4.34% | 5.16% | 4.75% | 4.24% | 3.23% | 2.99% |
| No. of Shareholders | 1538 | 1717 | 2707 | 2557 | 2524 | 2272 | 2304 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 3 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 125.4 | Sell |
| EMA (10) | 126.46 | Sell |
| SMA (20) | 131.12 | Sell |
| EMA (20) | 128.19 | Sell |
| SMA (50) | 123.44 | Buy |
| EMA (50) | 123 | Buy |
| SMA (100) | 109.56 | Buy |
| EMA (100) | 115.56 | Buy |
| SMA (200) | 107.81 | Buy |
| EMA (200) | 113.27 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.28 | Neutral |
| MACD (12,26,9) | -0.73 | Sell |
| Stochastic (14,3,3) | 14.69 | Buy |
| ADX (14) | 37.45 | Buy |
| Williams %R (14) | -80.09 | Buy |
| ATR (14) | 3.7 | Neutral |
| ROC (12) | -10.08 | Sell |
| Stoch RSI (14) | 16.11 | Buy |
| UO (7,14,28) | 45.43 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Order received to supply 500 MW solar modules to IPP; delivery in FY2026-27. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9h - Order received to supply 500 MW solar modules to IPP; delivery in FY2026-27.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f4d0ab13-33ff-4063-b845-91f91e1e7814.pdf) |
| 9 Feb - Of Schedule of Analyst/Institutional Investor Meet scheduled to be held on Thursday, February 12, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Feb - Of Schedule of Analyst/Institutional Investor Meet scheduled to be held on Thursday, February 12, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b09ff5b-9b83-4866-a7cf-48420ab4bc9d.pdf) |
| 8h - Waaree Solar Americas to subscribe ~5,368,551 Series B shares of United Solar for approx. USD 30,000,000. | [Intimation Under Regulation 30 Of The SEBI LODR - Execution Of SSA 8h - Waaree Solar Americas to subscribe ~5,368,551 Series B shares of United Solar for approx. USD 30,000,000.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/648ddc91-1397-4cb7-a8f0-65ae9815af7e.pdf) |
| 8h - Analyst/institutional investor meet on March 13, 2026, 4–6pm Mumbai; in-person, public information only. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8h - Analyst/institutional investor meet on March 13, 2026, 4–6pm Mumbai; in-person, public information only.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d30fedb3-0c97-46ee-a219-d88c3e0936c6.pdf) |
| 8 Sep - Newspaper clippings published for 14th AGM notice, cut-off date, and e-voting information on September 8, 2026. | [Copy of Newspaper Publication 8 Sep - Newspaper clippings published for 14th AGM notice, cut-off date, and e-voting information on September 8, 2026.](https://nsearchives.nseindia.com/corporate/CHAVDA_08092026122101_Post_-_Covering_Letter_wit_Ad_-_Chavda.pdf) |
| 7 Sep - Chavda Infra submitted FY2025-26 annual report and AGM notice for September 29, 2026. | [Shareholders meeting 7 Sep - Chavda Infra submitted FY2025-26 annual report and AGM notice for September 29, 2026.](https://nsearchives.nseindia.com/corporate/CHAVDA_07092026170459_CHAVDA_14th_Annual_Report_Final.pdf) |
| 7 Sep - 14th AGM on 29 September 2026; cut-off date 23 September, with e-voting details published. | [Copy of Newspaper Publication 7 Sep - 14th AGM on 29 September 2026; cut-off date 23 September, with e-voting details published.](https://nsearchives.nseindia.com/corporate/CHAVDA_07092026150400_Pre_-_Covering_Letter_wit_Ad_-_Chavda.pdf) |
| 6 Aug - Board approved 1:1 bonus issue, raised authorised capital to Rs.70 crore, postal ballot planned. | [Bonus 6 Aug - Board approved 1:1 bonus issue, raised authorised capital to Rs.70 crore, postal ballot planned.](https://nsearchives.nseindia.com/corporate/CHAVDA_06082026135659_OutcomeofBoardMeeting06082026.pdf) |
| 6 Aug - Board approved 1:1 bonus issue, doubled authorised capital to Rs.70 crore; postal ballot pending. | [Outcome of Board Meeting 6 Aug - Board approved 1:1 bonus issue, doubled authorised capital to Rs.70 crore; postal ballot pending.](https://nsearchives.nseindia.com/corporate/CHAVDA_06082026140239_OutcomeofBoardMeeting06082026.pdf) |
| 6 Aug - Board approved 1:1 bonus issue, doubled authorised capital to Rs.70 crore, and deferred dividend. | [Amendment to AOA/MOA 6 Aug - Board approved 1:1 bonus issue, doubled authorised capital to Rs.70 crore, and deferred dividend.](https://nsearchives.nseindia.com/corporate/CHAVDA_06082026140507_OutcomeofBoardMeeting06082026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31699_CHAVDA_2025_2026_A_26409652_07092026165919.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28923_CHAVDA_2024_2025_A_12916182_08092025175753.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25607_CHAVDA_2023_2024_03092024193357.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/302383e8-d2d9-4085-8935-b8324f8b0753.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98882b4e-9f2c-48b4-9005-3ac469dc517b.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7738010-a735-4bf0-87c9-d398ded99900.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64a54c3a-10ba-4bf6-a75a-1f710229dd4b.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/CHAVDA_30052025150908_ChavdaInvestorPresentation.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63dc6104-95bd-4e25-ae63-7c515f49be63.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/CHAVDA_02062025214300_ChavdaTranscriptEarningCallFY25.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/CHAVDA_14062024110214_Reg30_InvestorPresentation.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://nsearchives.nseindia.com/corporate/WAAREE_22012026021450_InvestorPresentation_signed.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d8e4b15-9476-4ee2-835e-fe2c2b409e5a.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83aa60bb-3560-4331-9cb8-94e08ce1deeb.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:36:48.351Z.