Pasal Wealth
Chavda Infra Ltd
A founder-led Gujarat construction company with 30 years of on-the-ground history but limited pan-India visibility — and a material regulatory disclosure worth reading directly from exchange filings before forming any view.
Company Description
Chavda Infra provides construction and allied services across residential, commercial and institutional projects in Ahmedabad, Gandhinagar and Rajkot — covering the full construction value chain from planning to post-construction activities. It is part of the wider Chavda Group, which also runs Chavda RMC and Chavda Developers.
The business was built from scratch as a repair-works contractor by promoter Mahesh Gunvantlal Chavda — a founder with 30 years of industry experience — and converted to a public limited company only in 2023–24.
Material disclosure: Company filings disclose that the Income Tax Department conducted a search at the company's registered office and at the residences of its promoters and CEO. The company has stated its business operations continued as usual. Please read the company's own exchange filings on this directly — do not rely on any summary, including this one.
We reached out to Chavda Infra 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: Promoter holding has decreased sharply in the most recent quarter, debtor days and working capital days are both rising, and there is a material IT search disclosure — all three warrant reading the company's own filings in full before drawing any conclusion.
Company Performance
Chavda Infra's available financial history as a public entity is limited to its post-conversion period (from 2023–24 onwards). Historical profitability prior to conversion is not available in standard screener databases under its current name.
FY 2025: Revenue ₹250 Cr · Net Profit ₹17–19.7 Cr
Given the current disclosures, we present these figures without trend bars — verify all figures against the company's own NSE filings.
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 a founder-led regional business with limited visibility. 30 years of operating history, but no pan-India brand and a very short public company track record.
- 02Material regulatory and promoter disclosures require direct reading. An IT Department search and recent promoter stake reduction are both disclosures that warrant reading original filings — not summaries.
- 03Construction is an under-covered sector at the small-cap level. Analyst coverage concentrates on large contractors. Companies at ₹300 Cr market cap rarely attract formal research.