Pasal Wealth
Chatha Foods Ltd
Pasal Wealth Research · Chatha Foods Share Analysis · NSE: CHATHA
An independent research note on a B2B frozen-food manufacturer supplying the QSR chains you eat at — while remaining a name almost no consumer or investor has ever heard of.
Published July 30, 2026 · Updated · Based on public company and exchange disclosures.
Company Description
Chatha Foods manufactures frozen and ready-to-eat processed foods — meat and vegan products under the Swiss Naturen and The Field Grill brands — supplying Quick Service Restaurants, cafés and institutional clients on a B2B basis.
You may have eaten Chatha Foods' products at a QSR outlet without ever seeing its name — its brands operate one level removed from the end consumer, a structural invisibility that is common to B2B food manufacturers.
The company was incorporated in 1997, converted to private limited in 2003, and returned to its present public form only in 2023 — listing on NSE in March 2024. A fragmented corporate history across three structures explains why screeners show incomplete track records.
We reached out to Chatha Foods management with four plain questions. When they respond, answers will appear here in full, unedited, clearly labelled as management's own words.
Company Numbers
Source: Public exchange filings and company financial data, as reported. Verify against latest filings before relying on any figure here.
Worth watching: ROE of 11.4% over 3 years is modest, and debtor days have risen from 37.9 to 53. Worth weighing against the 13% revenue CAGR — whether the business is building sustainable margin as it scales, or investing ahead of profitability.
Company Performance
Source: Public company filings, as reported. These are reported figures, not Pasal Wealth's projections.
Why almost nobody's looked at this yet
- 01It's B2B — nobody shops for it directly. You may have eaten Chatha Foods products at a QSR without knowing. No consumer-facing visibility means no retail investor awareness.
- 02Corporate history is fragmented across three structures. 1997 partnership → 2003 private → 2023 public. Screeners show an incomplete picture.
- 03Market cap of ₹214 Cr is below almost every research threshold. Analysts don't write about businesses this small. Pasal Wealth's screen specifically targets this gap.