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 ₹ 60.4 Cr.
- Current Price ₹ 11.0
- High / Low ₹ 16.8 / 5.01
- Stock P/E 288
- Book Value ₹ 6.05
- Dividend Yield 0.00 %
- ROCE 3.86 %
- ROE 0.98 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Working capital days have increased from 57.5 days to 83.9 days
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 24.43 | 32.89 | 30.57 | 59.63 | 54.86 | |
| 22.81 | 31.20 | 28.21 | 49.88 | 53.37 | |
| Operating Profit | 1.62 | 1.69 | 2.36 | 9.75 | 1.49 |
| OPM % | 6.63% | 5.14% | 7.72% | 16.35% | 2.72% |
| 0.05 | 0.14 | 0.01 | 0.17 | 0.30 | |
| Interest | 0.29 | 0.63 | 0.92 | 1.25 | 1.03 |
| Depreciation | 0.10 | 0.24 | 0.31 | 0.30 | 0.36 |
| Profit before tax | 1.28 | 0.96 | 1.14 | 8.37 | 0.40 |
| Tax % | 26.56% | 56.25% | 47.37% | 28.08% | 95.00% |
| 0.94 | 0.42 | 0.60 | 6.02 | 0.02 | |
| EPS in Rs | 3.76 | 1.68 | 2.40 | 1.50 | 0.04 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -21% |
| TTM: | -97% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 22% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 4.00 | 5.48 |
| Reserves | 1.65 | 2.32 | 3.06 | 5.57 | 27.68 |
| 12.71 | 15.93 | 16.30 | 20.23 | 11.00 | |
| 3.79 | 4.21 | 6.16 | 10.78 | 11.45 | |
| Total Liabilities | 18.40 | 22.71 | 25.77 | 40.58 | 55.61 |
| 0.34 | 6.07 | 5.93 | 6.04 | 6.25 | |
| CWIP | 6.66 | 2.07 | 2.34 | 2.97 | 5.02 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11.40 | 14.57 | 17.50 | 31.57 | 44.34 | |
| Total Assets | 18.40 | 22.71 | 25.77 | 40.58 | 55.61 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -3.74 | 1.01 | 1.77 | 2.90 | ||
| -3.72 | -1.34 | -0.15 | -1.60 | ||
| 8.11 | -0.48 | -1.36 | -0.95 | ||
| Net Cash Flow | 0.65 | -0.81 | 0.25 | 0.35 | |
| Free Cash Flow | -7.44 | -0.36 | 1.33 | 1.85 | |
| CFO/OP | -209% | 86% | 95% | 54% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 99.06 | 80.12 | 124.65 | 112.08 | 121.62 |
| Inventory Days | 33.96 | 47.96 | 53.07 | 48.73 | 51.31 |
| Days Payable | 68.91 | 57.71 | 78.95 | 68.44 | 72.85 |
| Cash Conversion Cycle | 64.11 | 70.37 | 98.77 | 92.37 | 100.08 |
| Working Capital Days | 43.78 | 35.51 | 39.64 | 49.03 | 83.90 |
| ROCE % | 9.38% | 10.69% | 38.76% | 3.86% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Customer Concentration (Top 10) % |
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| Debtor Holding Period Days |
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| Inventory Holding Period Days |
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| Revenue from Civil Projects ₹ Lakhs |
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| Revenue from Compressed Bio-Gas Plants ₹ Lakhs |
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| Revenue from HDPE/UPVC/CPVC Pipes & Fittings ₹ Lakhs |
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| Revenue from Irrigation Solutions ₹ Lakhs |
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| Revenue from Solar Module Cleaning Systems ₹ Lakhs |
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| Revenue from Water Pipeline Solutions ₹ Lakhs |
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| Order Book ₹ Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Compliances- Statement Of Deviation & Variation
21h - 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
21h - Chiraharit appointed R & A Associates as Secretarial Auditor for FY 2025-26 on 29 May 2026.
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Results- Standalone And Consolidated Financial Results For March 31 2026
21h - Board approved FY26 audited results on 29 May 2026; standalone PAT ₹40.66 lakh, consolidated PAT ₹2.14 lakh.
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Announcement Under Regulation 30 (LODR)- Updates- Re-Appointment Of Internal Auditor
21h - M/s. K.P. & Associates appointed internal auditor for FY 2026-27 on 29 May 2026.
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Board Meeting Outcome for Intimation Under Regulations 30 & 33 Of Securities Exchange Board Of India (LODR) Regulations 2015 ("SEBI Listing Regulations")
21h - Board approved FY26 audited standalone and consolidated results, plus auditor appointments 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.