| Market Cap | ₹341.09 CrCap Size |
|---|---|
| PE TTM | 20.07Industry: 32.05 |
| Order from | ADI Shantigram Abode LLP |
| Execution period | 24 months |
| Deal value | ₹89.45 Cr |
| Share of market cap | 26.2% |
| Share of annual revenue | 27.9% |
| Order book | ₹813.9 Cr (2.5x revenue) |
Key highlights
- Received Letter of Acceptance for core and shell construction of a residential high-rise
- Estimated contract value stands at ₹89.45 crore excluding GST
- Total unexecuted order book increased to approximately ₹813.90 crore
- Project execution period set for 24 months with a July 31, 2028 completion deadline
- Engagement involves a 21-story structure within the Adani Shantigram Township
What Is the Order?
Chavda Infra Limited has successfully secured a Letter of Acceptance for the construction of the core and shell of a proposed residential high-rise building. The project, awarded by ADI Shantigram Abode LLP, is situated within the Adani Shantigram Township in Ahmedabad. This comprehensive contract specifies a 24-month execution timeline, with a final completion target set for July 31, 2028.
The scope of work involves structural construction across multiple levels, from the foundation and basements through to the 21st floor and the terrace assembly, ensuring long-term revenue visibility for the company.
Client Profile & Project Scope
- The project is awarded by ADI Shantigram Abode LLP, an entity associated with the prominent Adani Shantigram integrated township
- Structural scope includes two basements, ground floor, plinth, and floors 1 through 21
- Work encompasses essential infrastructure including overhead and underground tanks
- Technical requirements involve the construction of retaining walls, sumps, and specialized lift areas
- The contract reinforces the company's status as a preferred contractor for high-volume residential developments in Gujarat
Business Impact
The acquisition of this ₹89.45 crore order significantly strengthens Chavda Infra's presence in the industrial and residential construction segments. With this win, the company’s total unexecuted order book has reached approximately ₹813.90 crore, providing a robust pipeline for the coming fiscal years. Notably, the value of this single contract represents roughly 26% of the company's current market capitalization of ₹341.09 crore.
This scale of order booking reflects the trust large-scale developers place in the firm's execution capabilities and commitment to structural quality within the Western Indian real estate market.
Business Overview & Financial Context
Headquartered in Ahmedabad, Chavda Infra is an integrated civil construction firm with over three decades of experience. The company offers a diversified portfolio ranging from high-rise construction to in-house ready-mix concrete production through its Chavda RMC brand. Financially, the company reported a massive 240% sequential revenue growth in the most recent quarter ending March 2026.
Despite a 19% year-on-year dip in annual profit, the stock's trailing price-to-earnings ratio of 20.07 remains significantly lower than the industry average of 32.05, suggesting a conservative valuation relative to sector peers.
“We are pleased to secure this prestigious work order from ADI Shantigram Abode LLP, reflecting the trust our clients place in Chavda Infra's execution capabilities and commitment to quality.”
| Share price | ₹104.45 |
|---|---|
| Market capitalisation | ₹341.09 Cr |
| Revenue (annual) | ₹320.63 Cr |
| Net profit (annual) | ₹17.00 Cr |
| Revenue (latest quarter) | ₹167.61 Cr+240.10% vs previous quarter |
| Net profit (latest quarter) | ₹7.34 Cr+323.00% vs previous quarter |
| P/E (TTM) | 20.07×Sector 35.65× |
| Promoter holding | 55.12% |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Chavda Infra Limited announcing the receipt of a Letter of Acceptance for an ₹89.45 crore project. Market figures from a third-party data provider.
