GHV INFRA PROJECTS LIMITED

BSE: GHVINFRA505504ISIN INE809Q01020

Industrials
Civil Construction

Share price

₹242.40+1.50 (+0.62%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

16 Sep 2025 · Bonus 3:2
16 Sep 2025 · Split 2:1 (₹10 → ₹5)

52W high: ₹368.50
52W low: ₹173.30
Off 52W high: -34.22%
1M return: -7.94%
3M return: -14.63%
6M return: -7.34%
1Y return: -30.46%
20D avg volume: 16,590
50 DMA: ₹262.78
200 DMA: ₹260.52

Key ratios Consolidated

Market cap: ₹1,747 Cr
Current price: ₹242.40
52W high / low: ₹368.50 / ₹173.30
Face value: ₹5.00
P/E: 33.92
P/B: 13.29
EPS (TTM): ₹7.15
Book value / share: ₹18.24
ROE: —
ROCE: 32.30%
Operating margin: —
Net margin: —
Debt / equity: 1.46
Net debt: ₹182.73 Cr
Interest cover: 3.01
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 0.5 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q4 FY25
Income statement
	300.08	218.60	213.52	137.73	—
	0.30	0.28	0.13	0.19	—
	300.38	218.88	213.65	137.92	—
	279.42	207.08	189.21	120.00	—
	89.82	59.79	66.00	83.02	—
	0.00	0.00	0.00	0.00	—
	8.97	8.08	10.01	5.65	—
	13.25	12.04	14.36	9.45	—
	0.97	0.68	0.79	0.91	—
	152.90	139.99	100.42	20.83	—
	20.97	11.80	24.44	17.91	—
	0.00	0.00	0.00	0.00	—
	20.97	11.80	24.44	17.91	—
	3.69	4.27	6.56	2.85	—
	17.38	7.36	18.17	14.55	—
	2.31	1.02	2.52	2.02	—
Key metrics
	35.19	24.52	39.59	28.27	—
	11.70%	11.20%	18.50%	20.50%	—
	5.80%	3.40%	8.50%	10.60%	—
	14.20%	—	12.90%	—	—

Metric	TTM	FY26	FY25
Income statement
	869.93	615.47	—
	0.90	0.39	—
	870.83	615.86	—
	795.71	550.98	—
	298.63	163.38	—
	0.00	0.00	—
	32.71	23.85	—
	49.10	32.24	—
	3.35	1.79	—
	414.14	334.05	—
	75.12	64.88	—
	0.00	0.00	—
	75.12	64.88	—
	17.37	15.64	—
	57.46	49.02	—
	7.87	6.80	—
Key metrics
	127.57	98.91	—
	14.66%	16.10%	—
	6.61%	8.00%	—
	—	32.30%	—
	—	-66.99	—
	—	-1.30	—
	—	1.46	—
	—	182.73	—
	—	0.5	—
Balance sheet
	—	593.45	—
	—	428.68	—
	—	8.97	—
	—	126.72	—
	—	17.56	—
	—	168.96	—
	—	3.03	—
	—	143.48	—
	—	293.05	—
	—	191.70	—
	—	23.86	—
	—	167.84	—
	—	131.49	—
Cash flow
	—	-63.66	—
	—	-104.09	—
	—	176.69	—
	—	3.33	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	300.08	218.60	213.60	127.71	183.77	80.46	164.96	18.46	1.05	—	—	—
	0.30	0.28	0.13	0.19	0.06	0.01	0.00	0.41	—	—	—	—
	300.38	218.88	213.72	127.90	183.82	80.47	164.96	18.87	1.05	—	—	—
	278.31	203.35	187.14	119.37	167.98	74.15	145.85	14.94	0.70	0.07	0.08	0.03
	89.82	59.79	66.00	83.02	87.37	66.66	144.44	21.91	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	8.25	7.13	9.36	5.25	4.15	4.05	3.29	0.88	0.58	0.01	0.01	0.01
	13.24	12.04	14.36	9.45	6.43	1.99	1.30	0.24	0.04	—	—	—
	0.78	0.49	0.79	0.84	0.05	0.04	0.02	0.00	—	—	—	—
	152.72	137.41	99.01	20.66	70.50	2.98	1.15	0.78	0.08	—	0.07	0.02
	22.07	15.53	26.58	8.53	15.85	6.32	19.11	3.94	0.35	-0.07	-0.08	-0.03
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	22.07	15.53	26.58	8.53	15.85	6.32	19.11	3.94	0.35	-0.07	-0.08	-0.03
	3.69	4.27	6.75	2.06	4.63	1.60	5.13	0.98	0.07	—	—	—
	18.38	11.26	19.84	6.48	11.22	4.72	13.98	2.96	0.28	-0.07	-0.08	-0.03
	2.44	1.56	2.75	0.90	1.56	3.27	9.70	17.42	4.04	-1.07	-1.11	-0.45
Key metrics
	36.09	28.06	41.73	18.82	22.33	8.35	20.43	4.18	0.39	-0.07	-0.08	-0.03
	12.00%	12.80%	19.50%	14.70%	12.20%	10.40%	12.40%	22.60%	37.10%	—	—	—
	6.10%	5.20%	9.30%	5.10%	6.10%	5.90%	8.50%	16.00%	26.70%	—	—	—
	14.80%	—	14.00%	—	7.70%	—	27.10%	—	—	—	—	—
	63.30%	171.70%	29.50%	591.80%	17,401.90%	—	—	—	—	—	—	—
	63.80%	138.60%	41.90%	118.90%	3,907.10%	6,842.90%	17,575.00%	9,966.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	859.99	605.53	184.88	—	—	—
	0.90	0.39	0.00	—	—	—
	860.88	605.92	184.88	—	—	—
	788.17	548.64	161.56	0.43	0.16	0.19
	298.63	163.38	166.35	—	—	—
	0.00	0.00	0.00	—	—	—
	29.99	22.79	4.76	0.03	0.02	0.03
	49.09	32.23	1.58	—	—	—
	2.90	1.72	0.02	—	—	—
	409.80	332.82	2.08	0.41	0.14	0.17
	72.71	57.28	23.33	-0.43	-0.16	-0.19
	0.00	0.00	0.00	—	—	—
	72.71	57.28	23.33	-0.43	-0.16	-0.19
	16.77	15.03	6.18	—	—	0.01
	55.96	42.26	17.15	-0.43	-0.16	-0.20
	7.65	5.86	35.47	-6.21	-2.23	-2.89
Key metrics
	124.70	91.23	24.93	-0.43	-0.16	-0.19
	14.50%	15.10%	13.50%	—	—	—
	6.51%	7.00%	9.30%	—	—	—
	—	30.70%	33.10%	—	—	—
	92.11%	227.50%	—	—	—	—
	70.19%	146.40%	4,088.40%	-168.80%	20.00%	—
	—	-57.07	-55.63	—	—	—
	—	-1.29	-3.24	—	—	—
	—	1.55	0.73	—	—	—
	—	182.66	30.90	—	—	—
	—	-5.0	35.2	—	—	—
Balance sheet
	—	582.47	221.43	—	—	—
	—	408.43	161.31	—	—	—
	—	8.96	0.03	—	—	—
	—	116.20	133.56	—	—	—
	—	17.55	13.24	—	—	—
	—	141.55	14.18	—	—	—
	—	2.46	0.14	—	—	—
	—	141.99	128.97	—	—	—
	—	290.54	146.20	—	—	—
	—	191.62	30.93	—	—	—
	—	23.86	0.00	—	—	—
	—	167.76	30.93	—	—	—
	—	123.51	42.57	—	—	—
Cash flow
	—	-54.38	-55.63	—	—	—
	—	-113.30	-0.70	—	—	—
	—	176.61	56.35	—	—	—
	—	2.69	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +92.11%
Profit YoY (TTM): +70.19%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 63.25%

Quarter	September 2026	June 2026	March 2026	December 2025	September 2025	June 2025
Promoter %	63.25%	63.98%	63.98%	70.41%	73.98%	73.98%

Holder	Type	Holding	Previous	Change
JHV COMMERCIALS LLP	Promoter	63.05%	58.78%	+4.27%
FORTUNE FINANCIAL AND EQUITIES SERVICES PRIVATE LIMITED	Public	8.96%	10.00%	-1.04%
HUSENA A MUSAMJI	Public	4.66%	5.20%	-0.54%
FEEL GOOD HOTELS PRIVATE LIMITED	Public	1.87%	2.08%	-0.21%
KALPESH KANTILAL PATEL	Public	1.87%	2.08%	-0.21%
PARESHABEN KAMLESHBHAI MODI	Public	1.55%	1.73%	-0.18%
KAMLESHKUMAR PRAHLADBHAI MODI	Public	1.55%	1.73%	-0.18%
UTSAV ROHIT MODI	Public	1.55%	1.73%	-0.18%
Sangitaben Rohitkumar Modi	Public	1.55%	—	—
PAYAL KALPESH PATEL	Public	1.16%	1.35%	-0.19%
Rohitkumar Prahladbhai Modi	Public	1.04%	1.55%	-0.51%
VIJAPURA JAHIDMOHMED H	Promoter	0.20%	0.00%	+0.20%
MANISHA ARVIND SHARMA	Promoter	0.00%	0.00%	0.00%
CHIRAG DEEPAK DEDHIA	Promoter	0.00%	0.00%	0.00%
ARVIND AWADHNATH SHARMA	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Larsen & Toubro Limited	5,41,567	3,936.05	25.92	13.20%	+11.15% TTM	+9.38% TTM	+0.38%
Rail Vikas Nigam Limited	39,866	191.20	44.50	10.30%	+5.40% TTM	-24.84% TTM	-41.30%
Cemindia Projects Limited	24,136	1,308.75	40.12	40.00%	+10.02% TTM	+46.60% TTM	+51.63%
KALPATARU PROJECTS INTERNATIONAL LIMITED	23,312	1,365.10	20.66	20.50%	+14.56% TTM	+61.94% TTM	+3.93%
NBCC (India) Limited	21,006	77.80	27.44	29.70%	+3.51% TTM	+30.78% TTM	-31.72%
IRB Infrastructure Developers Limited	20,303	16.81	21.28	6.00%	-2.20% TTM	-85.42% TTM	-24.80%
Engineers India Ltd.	16,901	300.70	18.83	26.60%	+6.00% TTM	+66.97% TTM	+52.21%
Techno Electric & Engineering Company Limited	10,302	885.80	23.90	12.80%	+38.72% TTM	-6.49% TTM	-32.09%
IRCON International Ltd	9,717	103.32	20.09	7.30%	-2.58% TTM	-19.18% TTM	-38.54%
RITES Limited	9,470	197.05	20.53	18.30%	+10.59% TTM	-0.32% TTM	-20.93%
Welspun Enterprises Limited	9,395	678.75	27.00	14.60%	+0.63% TTM	+0.78% TTM	+20.42%
KEC International Ltd.	8,554	321.35	20.24	20.30%	-1.94% TTM	-38.14% TTM	-60.26%
Afcons Infrastructure Limited	7,768	211.20	54.08	11.60%	-11.87% TTM	-73.03% TTM	-52.52%
NCC Limited	7,616	121.30	10.18	17.50%	-1.81% TTM	-12.01% TTM	-41.04%
G R Infraprojects Limited	7,422	767.10	7.31	12.50%	+25.06% TTM	-7.95% TTM	-33.27%
Power Mech Projects Limited	7,111	2,249.10	16.91	21.20%	+15.79% TTM	+14.76% TTM	-8.84%
Ceigall India Limited	6,957	399.35	21.65	17.60%	+20.31% TTM	+23.56% TTM	+60.28%
ISGEC Heavy Engineering Limited	6,942	944.10	27.43	10.50%	+21.43% TTM	+17.19% TTM	+7.10%
Dilip Buildcon Limited	6,485	399.20	5.17	22.20%	-18.82% TTM	+29.15% TTM	-21.95%
Hindustan Construction Co. Ltd.	4,904	18.72	29.56	17.20%	-20.64% TTM	+0.03% TTM	—
LCC PROJECTS LIMITED	3,925	135.50	13.85 FY26	—	+23.37% FY26	+28.09% FY26	—
Ahluwalia Contracts (India) Ltd	3,555	530.75	15.80	15.80%	+12.00% TTM	+1.04% TTM	-42.18%
STERLING AND WILSON RENEWABLE ENERGY LIMITED	3,509	150.25	16.46	-9.60%	-9.04% TTM	+158.14% TTM	-36.00%
PNC Infratech Limited	3,293	128.35	5.22	13.50%	+1.82% TTM	-21.49% TTM	-54.49%
Vindhya Telelinks Ltd.	3,242	2,735.95	13.67	4.00%	-17.53% TTM	+2.25% TTM	+99.79%
GHV INFRA PROJECTS LIMITED S	1,747	242.40	34.83	30.70%	+92.11% TTM	+70.19% TTM	-30.46%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

The Company has informed the exchange about the Monitoring Agency Report for the Quarter ended September 30, 2026 as issued by Monitoring Agency, Acuite Ratings and Research Limited.26 Oct 2026 · Company Update / Monitoring Agency Report
The Company has informed the exchange about the Press release on the Unaudited Financial Results of the Company for the Quarter and Half Year ended September 30, 202626 Oct 2026 · Company Update / Press Release / Media Release
The Company has informed the exchange about the Newspaper Publication of Unaudited Financials Results for the Quarter and Half Year ended September 30, 202624 Oct 2026 · Company Update / Newspaper Publication
The Company has informed the exchange about the Appointment of Mr. Salim Yahoo as a Chief Financial Officer of the Company.22 Oct 2026 · Company Update / Change in Management
The Company has informed the exchange about the Resignation of Mr. Ravi Kumar Seth (DIN:02427404) from the post of Independent Director of the Company.22 Oct 2026 · Company Update / Change in Directorate
The Company has informed the exchange about the Unaudited Standalone and Consolidated Financials Results for the Quarter and Half year ended September 30, 202622 Oct 2026 · Result / Financial Results
Outcome of Board Meeting held on October 22, 202622 Oct 2026 · Board Meeting / Outcome of Board Meeting
The Company has informed the exchange about the Resignation of Mr. Sadanand Shetty from the post of Chief Financial Officer and Key Managerial Personnel of the Company21 Oct 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
GHV Infra Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2026 ,inter alia, to consider and approve the Unaudited (Standalone ....16 Oct 2026 · Board Meeting / Board Meeting
The Company has informed the exchange about the certificate of compliance under Regulation 74(5) of SEBI (DP) Regulations, 2018 as received from MUFG Intime India Private Limited.5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Company has informed the exchange that the Members of the Company at their 49th Annual General Meeting (AGM) held on Friday, September 25, 2026 have approved the Reclassification of ....29 Sep 2026 · Company Update / General
The Company has informed the exchange about the rectification of typographical error in earlier intimation dated September 27, 202629 Sep 2026 · Company Update / General
The Company has informed the exchange about the Closure of Trading Window for the Quarter and half year ending on September 30, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
As per attached Disclosure27 Sep 2026 · Company Update / General
The Company has informed the exchange about the Voting Results along with the Scrutinizer''s Report as issued by Kothari H. & Associates for 49th Annual General Meeting of the Company held ....26 Sep 2026 · AGM/EGM / AGM
The Company has informed the exchange about the Appointment of Independent Director(s)25 Sep 2026 · Company Update / Change in Directorate
The Company has informed the exchange about the proceedings of 49th Annual General Meeting of the Company held on Friday, September 25, 2026 at 03:00 P.M. through Video Conferencing or ....25 Sep 2026 · AGM/EGM / AGM
The Company has informed the exchange about the Newspaper Publication of 49th AGM Notice for the Financial Year 2025-26 along with the e-voting information.3 Sep 2026 · Company Update / Newspaper Publication
The Company has informed the exchange about the 49th Annual Report for the Financial Year 2025-261 Sep 2026 · Others / Reg. 34 (1) Annual Report
The Company has informed the exchange about the Notice of 49th Annual General Meeting of the Company is schedule to be held on Friday, September 25, 2026 at 03:00 P.M. through VC/OAVM1 Sep 2026 · AGM/EGM / AGM
The Company has informed the exchange about the Newspaper publication of 49th Annual General Meeting of the Company to be held on September 25, 2026 through Video Conferencing (VC)/ Other ....29 Aug 2026 · Company Update / Newspaper Publication
The Company has informed the exchange about the Allotment of Fully Paid Up Equity shares of Face Value Rs. 05/- each pursuant to Conversion of Convertible Warrants27 Aug 2026 · Company Update / Allotment of Equity Shares
The Company has informed the exchange about the Receipt of NOC letter from BSE for Re-classification of Promoter under Regulation 31A of SEBI (LODR), 201517 Aug 2026 · Company Update / General
The Company has informed the exchange about the Newspaper Publication of Unaudited Financial Results for the Quarter ended June 30, 202612 Aug 2026 · Company Update / Newspaper Publication
The Company has informed the exchange about the Media Release on the Unaudited Financial Results for the Quarter ended June 30, 202611 Aug 2026 · Company Update / Press Release / Media Release
The Company has informed the exchange about the Monitoring Agency Report for the Quarter ended June 30, 2026 as issued by Acuite Ratings & Research Limited, Monitoring Agency10 Aug 2026 · Company Update / Monitoring Agency Report
The Company has informed the exchange regarding the Appointment of Additional Independent Directors on the Board of the Company.10 Aug 2026 · Company Update / Change in Directorate
The Company has informed the exchange about the Unaudited Standalone and Consolidated Financial Results for the Quarter ended June 30, 202610 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on August 10, 202610 Aug 2026 · Board Meeting / Outcome of Board Meeting
GHV Infra Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve Unaudited Standalone and ....5 Aug 2026 · Board Meeting / Board Meeting
Please find attached the Clarification on the movement in price30 Jul 2026 · Company Update / General
The Exchange has sought clarification from GHV Infra Projects Ltd on July 29, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....29 Jul 2026 · Company Update / Clarification
The Company has informed to the exchange about the Certificate received under 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended June 30, 2026 from MUFG Intime India Private Limited6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Company has informed the exchange about the Revision in Credit Rating as issued by Acuite Ratings & Research Limited1 Jul 2026 · Company Update / Credit Rating
Intimation of Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The Company has informed the exchange about the Receipt of Work Order worth appx. Rs. 213 Crores from GHV (India) Private Limited22 Jun 2026 · Company Update / Award of Order / Receipt of Order
As per enclosed intimation26 May 2026 · Company Update / General
The Company has informed the exchange about the newspaper publication of Audited Financial Results for the Quarter and Year ended March 31, 202625 May 2026 · Company Update / Newspaper Publication
The Company has informed the exchange that the Board in its meeting held on today i.e. May 22, 2026 has approved the reclassification from ''Promoter Category" to ''public shareholder category'' ....22 May 2026 · Company Update / General
The Company has informed the exchange about the Appointment of Internal Auditor and Cost Auditor of the Company for the Financial Year 2026-2722 May 2026 · Company Update / Change in Management

Corporate actions

Purpose	Ex date	Record date	Payment date
Stock Split From Rs.10/- to Rs.5/-	16 Sep 2025	16 Sep 2025	—
Bonus issue 3:2	16 Sep 2025	16 Sep 2025	—

Board meetings

22 Oct 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results