Chiraharit Ltd
Chiraharit is engaged into turnkey EPC (Engineering, Procurement and Construction) projects focusing on two broad segment viz Water-based and Renewable Energy-based. In the Water sector, our focus is on the efficient and reliable movement of piped water in pressurized applications.
- Market Cap ₹ 42.3 Cr.
- Current Price ₹ 7.72
- High / Low ₹ 16.8 / 5.01
- Stock P/E 103
- Book Value ₹ 6.29
- Dividend Yield 0.00 %
- ROCE 4.46 %
- ROE 1.82 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 10.96 | 21.99 | 28.58 | 23.62 | 51.40 | 48.23 | |
| 10.40 | 20.43 | 26.57 | 21.40 | 41.77 | 46.92 | |
| Operating Profit | 0.56 | 1.56 | 2.01 | 2.22 | 9.63 | 1.31 |
| OPM % | 5.11% | 7.09% | 7.03% | 9.40% | 18.74% | 2.72% |
| 0.06 | 0.05 | 0.13 | 0.00 | 0.14 | 0.28 | |
| Interest | 0.25 | 0.29 | 0.42 | 0.59 | 0.91 | 0.67 |
| Depreciation | 0.11 | 0.09 | 0.12 | 0.15 | 0.14 | 0.19 |
| Profit before tax | 0.26 | 1.23 | 1.60 | 1.48 | 8.72 | 0.73 |
| Tax % | 30.77% | 27.64% | 27.50% | 30.41% | 25.46% | 45.21% |
| 0.19 | 0.90 | 1.16 | 1.03 | 6.50 | 0.41 | |
| EPS in Rs | 0.76 | 3.60 | 4.64 | 4.12 | 1.62 | 0.07 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 19% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | -29% |
| TTM: | -94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 24% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 0.25 | 4.00 | 5.48 |
| Reserves | 0.72 | 1.61 | 2.78 | 3.81 | 6.56 | 28.98 |
| 8.46 | 8.31 | 9.51 | 10.44 | 13.33 | 4.39 | |
| 1.83 | 3.03 | 3.51 | 5.01 | 9.13 | 9.46 | |
| Total Liabilities | 11.26 | 13.20 | 16.05 | 19.51 | 33.02 | 48.31 |
| 0.34 | 0.34 | 0.40 | 0.40 | 0.55 | 0.90 | |
| CWIP | 1.68 | 2.07 | 2.07 | 2.34 | 2.97 | 5.02 |
| Investments | 0.99 | 0.99 | 0.99 | 1.86 | 1.86 | 1.86 |
| 8.25 | 9.80 | 12.59 | 14.91 | 27.64 | 40.53 | |
| Total Assets | 11.26 | 13.20 | 16.05 | 19.51 | 33.02 | 48.31 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 2.35 | 0.70 | 1.11 | 1.50 | 2.20 | 1.43 | |
| -2.83 | -0.48 | -0.26 | -0.86 | -1.30 | -4.87 | |
| -0.25 | -0.29 | -0.87 | -0.64 | -0.31 | 13.88 | |
| Net Cash Flow | -0.74 | -0.08 | -0.03 | 0.01 | 0.60 | 10.43 |
| Free Cash Flow | 0.31 | 0.13 | 0.81 | 0.91 | 0.97 | -1.15 |
| CFO/OP | 434% | 67% | 79% | 88% | 46% | 152% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 185.50 | 103.57 | 79.44 | 141.24 | 116.46 | 129.87 |
| Inventory Days | 32.99 | 28.32 | 35.61 | 33.80 | ||
| Days Payable | 60.02 | 76.70 | 68.82 | 67.52 | ||
| Cash Conversion Cycle | 158.46 | 55.20 | 46.22 | 141.24 | 116.46 | 96.15 |
| Working Capital Days | -72.27 | 55.11 | 49.04 | 63.36 | 65.97 | 108.22 |
| ROCE % | 15.51% | 17.79% | 15.31% | 50.17% | 4.46% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
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| Largest State Revenue Share % of total turnover |
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| Private Sector Revenue Share % of total turnover |
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| Solar Module Cleaning System Revenue Share % of total turnover |
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| Top 10 Customer Concentration % of revenue |
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| Order Book INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
7 Jul - Chiraharit received two domestic orders from Zetwerk worth Rs.94.69 lakh excluding GST.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
6 Jul - Received ₹3.61 crore order from Amara Raja Infra for pipes and fittings installation in Andhra Pradesh.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Jul - Chiraharit received a Rs.4.50 crore purchase order from VSL Green Power for solar manufacturing facility supply and services.
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Compliances- Statement Of Deviation & Variation
29 May - Chiraharit reports no deviation in IPO proceeds use for half-year ended 31 March 2026.
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Announcement Under Regulation 30 (LODR)- Updates- Appointment Of Secretarial Auditor Of The Company
29 May - Chiraharit appointed R & A Associates as Secretarial Auditor for FY 2025-26 on 29 May 2026.
Business Profile[1]
The company is part of the Malaxmi Group, which operates across verticals such as water management, alternative fuels, property development, and infrastructure. It functions under the CHIRAMAX brand, with a strong focus on water-based projects and renewable energy initiatives.