GHV Infra Projects Limited

BSE: 505504
GHV Infra Projects Limited - packaging in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L43900MH1976PLC457495 Incorporated 19 March 1976 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 505504 Public Limited Company packaging
Data last updated
Market Cap
₹2,027 Cr
GHVINFRA · BSE
Share Price
₹259.00
+2.74% today
Revenue
₹615 Cr
FY 2025-26
EBITDA
₹98.51 Cr
Margin 16.0%
Net Profit
₹49.01 Cr
FY 2025-26
P/E (TTM)
33.9x
P/B 9.4x
ROE
37.5%
ROCE 29.9%
Debt / Equity
1.46
Interest cover 33.3x

About GHV Infra Projects Limited

Data last updated:

GHV Infra Projects Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bhadra Paper Mills Limited. It operates in the paper segment of the packaging sector. It was incorporated on 19 March 1976 and has been in existence for over 50 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L43900MH1976PLC457495. It is a listed company as per MCA records. Its shares are listed on BSE: 505504.

The company has an authorised share capital of ₹66 Cr and a paid-up capital of ₹36.04 Cr. It is led by directors including Ajay Hans (Managing Director) and Reby Thomas Elsan (Whole-Time Director).

Its last annual general meeting (AGM) was held on 15 December 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹615.47 Cr. For the same year it recorded a net profit of ₹49.01 Cr (net margin 8%) and EBITDA of ₹98.51 Cr (EBITDA margin 16%). The net worth stands at ₹131.49 Cr. Total assets are valued at ₹324.59 Cr.

The company is associated with 1 brand: Ghvinfra. As per MCA filings, the company has open charges of ₹269.31 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN L43900MH1976PLC457495
Registration Number 457495
Incorporation Date 19 March 1976
ROC Mumbai
Listing Status Listed - Listed on BSE (505504)
Company Status Active
Date of Last AGM 15 December 2025
Date of Balance Sheet 31 March 2026
Parent Company Bhadra Paper Mills Limited
Compliance Status Active Compliant

CIN history

GHV Infra Projects has 5 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L43900MH1976PLC457495, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L43900MH1976PLC457495Current
L65990MH1976PLC018902Previous
U65990MH1976PLC018902Previous
L43900KA1976PLC173212Previous
L21000MH1976PLC018902Previous
L21000KA1976PLC173212Previous
Key People
Ajay Hans Managing Director Reby Thomas Elsan Whole-Time Director Ravi Kumar Kishan Chand Seth Director

Contact details

GHV Infra Projects Limited's registered office is in Mumbai, Maharashtra.

  • Registered Address
    A – 511 5th Floor Kanakia Wallstreet, Andheri Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400093
  • Industry
    Packaging, Paper, Laminated & Corrugated Packaging
Comprehensive company report
GHV Infra Projects Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
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Brands

GHV Infra Projects operates one associated brand: Ghvinfra. Each brand links to its own profile.

BrandDescriptionWebsite
Ghvinfra
Infrastructure projects in transport, energy, and industry are developed.ghvinfra.com

Financials of GHV Infra Projects Limited

FY 2025-26 filings available

GHV Infra Projects Limited reported revenue of ₹615.47 Cr for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹615 Cr
EBITDA
₹98.51 Cr
Profit After Tax
₹49.01 Cr
Net Worth
₹131 Cr
Total Assets
₹325 Cr
Total Debt
₹192 Cr

Financial summary ₹ Cr

MetricsFY 2025-26
Income statement
Revenue615
EBITDA98.51
EBITDA margin+16.0%
Profit before tax64.87
Net profit49.01
Net profit margin+8.0%
EPS (₹)6.80
Balance sheet
Total assets325
Net worth131
Total debt192
Cash & bank8.97
Net working capital160
Cash flow
Cash from operations(63.66)
Cash from investing(104)
Cash from financing177
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue30021921413818480.4616518.46
Revenue growth (YoY)+63.3%+171.7%+29.1%+646.1%----
Other income0.300.280.130.190.060.01(0.41)0.41
EBITDA34.8824.2539.4728.0822.288.6920.853.77
EBITDA margin+11.6%+11.1%+18.5%+20.4%+12.1%+10.8%+12.6%+20.4%
Depreciation0.970.680.790.910.050.040.020.00
Interest13.2512.0514.369.456.431.991.300.24
Profit before tax20.9611.8024.4517.9115.866.6719.123.94
Tax3.694.286.562.854.631.605.130.98
Net profit17.277.5217.8915.0611.235.0713.992.96
EPS (₹)2.110.972.391.921.520.000.001.61
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6061850.000.000.000.000.06
Revenue growth+227.5%-----100.0%-
EBITDA90.8624.94(0.43)(0.16)(0.20)(0.12)0.00
EBITDA margin+15.0%+13.5%----0.0%
Profit before tax57.3023.34(0.43)(0.16)(0.20)(0.12)0.00
Net profit42.2817.16(0.43)(0.16)(0.21)(0.12)0.00
Net profit margin+7.0%+9.3%----0.0%
EPS (₹)5.8611.89(6.21)(2.23)(2.89)(1.69)0.01
Balance sheet
Total assets31775.21(0.80)(0.37)(0.21)(0.01)0.11
Net worth12442.58(0.80)(0.37)(0.21)(0.01)0.11
Total debt19230.930.000.000.000.000.00
Cash & bank8.960.030.010.000.000.000.01
Net working capital14215.13(0.80)(0.37)(0.21)(0.01)0.12
Cash flow
Cash from operations(54.38)(55.63)0.000.000.000.000.00
Cash from investing(113)(0.70)0.000.000.000.000.00
Cash from financing17756.350.000.000.000.000.00
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue30021921412818480.4616518.46
Revenue growth (YoY)+63.3%+171.7%+29.5%+591.8%----
Other income0.300.280.130.190.060.010.000.41
Total expenses26419117210916172.1214514.69
EBITDA35.7927.7741.6118.6322.288.3420.433.77
EBITDA margin+11.9%+12.7%+19.5%+14.6%+12.1%+10.4%+12.4%+20.4%
Depreciation0.780.490.790.840.050.040.020.00
Interest13.2412.0414.369.456.431.991.300.24
Profit before tax22.0715.5226.598.5315.866.3219.113.94
Tax3.694.286.742.054.631.605.130.98

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue30021921413818480.4616518.46
Revenue growth (YoY)+63.3%+171.7%+29.1%+646.1%----
Other income0.300.280.130.190.060.01(0.41)0.41
EBITDA34.8824.2539.4728.0822.288.6920.853.77
EBITDA margin+11.6%+11.1%+18.5%+20.4%+12.1%+10.8%+12.6%+20.4%
Depreciation0.970.680.790.910.050.040.020.00
Interest13.2512.0514.369.456.431.991.300.24
Profit before tax20.9611.8024.4517.9115.866.6719.123.94
Tax3.694.286.562.854.631.605.130.98
Net profit17.277.5217.8915.0611.235.0713.992.96
EPS (₹)2.110.972.391.921.520.000.001.61
ParticularsFY 2025-26
Revenue615
Other income0.39
Total expenses517
Employee cost23.85
EBITDA98.51
EBITDA margin+16.0%
Depreciation1.79
Interest32.24
Profit before tax64.87
Tax15.64
Net profit49.01
Net profit margin+8.0%
EPS (₹)6.80
ParticularsFY 2025-26
Equity & liabilities
Share capital36.04
Reserves & surplus56.95
Shareholders' funds (net worth)131
Minority interest0.00
Secured loans185
Unsecured loans7.67
Total debt192
Total liabilities325
Assets
Gross block6.13
Net block4.32
Capital work in progress0.00
Investments0.01
Inventories17.56
Sundry debtors127
Cash & bank balances8.97
Loans & advances275
Total current assets429
Total current liabilities268
Net working capital160
Total assets325
ParticularsFY 2025-26
Opening cash0.03
Net cash from operating activities(63.66)
Net cash from investing activities(104)
Net cash from financing activities177
Net change in cash8.94
Closing cash8.97
ParticularsFY 2025-26
Growth
PBT growth+9997.0%
Profitability & leverage
Net income margin+8.0%
Return on capital employed+29.9%
Return on net worth+37.5%
Debt / equity1.46
Long-term debt / equity1.28
Interest cover33.33
Efficiency & per share
Fixed asset turnover100.40
Inventory turnover35.05
Debtors turnover4.86
EPS (₹)6.80
Dividend per share (₹)0.00
Book value per share (₹)12.90
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue30021921412818480.4616518.46
Revenue growth (YoY)+63.3%+171.7%+29.5%+591.8%----
Other income0.300.280.130.190.060.010.000.41
Total expenses26419117210916172.1214514.69
EBITDA35.7927.7741.6118.6322.288.3420.433.77
EBITDA margin+11.9%+12.7%+19.5%+14.6%+12.1%+10.4%+12.4%+20.4%
Depreciation0.780.490.790.840.050.040.020.00
Interest13.2412.0414.369.456.431.991.300.24
Profit before tax22.0715.5226.598.5315.866.3219.113.94
Tax3.694.286.742.054.631.605.130.98
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6061850.000.000.000.000.06
Revenue growth+227.5%-----100.0%-
Other income0.390.000.000.000.000.000.00
Total expenses5151600.430.160.200.120.06
Employee cost22.794.760.030.020.030.020.01
EBITDA90.8624.94(0.43)(0.16)(0.20)(0.12)0.00
EBITDA margin+15.0%+13.5%----0.0%
Depreciation1.720.020.000.000.000.000.00
Interest32.231.580.000.000.000.000.00
Profit before tax57.3023.34(0.43)(0.16)(0.20)(0.12)0.00
Tax15.026.180.000.000.010.000.00
Net profit42.2817.16(0.43)(0.16)(0.21)(0.12)0.00
Net profit margin+7.0%+9.3%----0.0%
EPS (₹)5.8611.89(6.21)(2.23)(2.89)(1.69)0.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital36.0414.420.700.700.700.700.70
Reserves & surplus48.9828.16(1.50)(1.07)(0.91)(0.71)(0.59)
Shareholders' funds (net worth)12442.58(0.80)(0.37)(0.21)(0.01)0.11
Secured loans1850.000.000.000.000.000.00
Unsecured loans7.6730.930.000.000.000.000.00
Total debt19230.930.000.000.000.000.00
Total liabilities31775.21(0.80)(0.37)(0.21)(0.01)0.11
Assets
Gross block5.500.700.000.000.000.000.00
Net block3.760.680.000.000.000.000.00
Capital work in progress0.000.000.000.000.000.000.00
Investments9.850.000.000.000.000.000.00
Inventories17.5513.240.000.000.000.000.00
Sundry debtors1161340.000.000.000.000.07
Cash & bank balances8.960.030.010.000.000.000.01
Loans & advances26614.490.000.000.000.040.04
Total current assets4081610.010.000.000.040.12
Total current liabilities2661460.810.370.210.050.00
Net working capital14215.13(0.80)(0.37)(0.21)(0.01)0.12
Total assets31775.21(0.80)(0.37)(0.21)(0.01)0.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.030.010.000.000.000.000.00
Net cash from operating activities(54.38)(55.63)0.000.000.000.000.00
Net cash from investing activities(113)(0.70)0.000.000.000.000.00
Net cash from financing activities17756.350.000.000.000.000.00
Net change in cash8.930.020.000.000.000.000.00
Closing cash8.960.030.010.000.000.000.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+227.5%-----100.0%-
EBITDA growth+264.3%+5900.0%-168.8%+20.0%-66.7%--
PBT growth+145.5%+9998.0%-168.8%+20.0%-66.7%+9997.0%+9997.0%
Net income growth+146.4%+4090.7%-168.8%+23.8%-75.0%--
Revenue CAGR (3Y)----100.0%-100.0%-100.0%+14.5%
EBITDA CAGR (3Y)--+53.0%----100.0%
Profitability & leverage
Net income margin+7.0%+9.3%----0.0%
Return on capital employed+45.7%+66.9%0.0%0.0%0.0%0.0%0.0%
Return on net worth+50.9%+82.1%0.0%0.0%0.0%0.0%0.0%
Debt / equity1.340.740.000.000.000.000.00
Long-term debt / equity1.200.740.000.000.000.000.00
Interest cover36.166.340.000.000.000.00-
Efficiency & per share
Fixed asset turnover195.33528.230.000.000.000.000.00
Inventory turnover39.3327.930.000.000.000.000.00
Debtors turnover4.852.770.000.000.000.000.86
EPS (₹)5.8611.89(6.21)(2.23)(2.89)(1.69)0.01
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)11.8029.53(11.43)(5.22)(2.99)(0.10)1.59

To see the full year-wise statements and ratios of GHV Infra Projects Limited, buy the company report.

Board of directors of GHV Infra Projects Limited

GHV Infra Projects has 6 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ravi Kumar Kishan Chand Seth
Also directs: Lahoti Overseas Limited, La Tim Metal & Industries Limited
Director24 Jul 20251 Years 3 MonthsCurrent
Shivrudrappa Anandappa Hanjage
Also directs: Nirmalanand Buildcon Private Limited
Director31 Aug 20242 Years 2 MonthsCurrent
Samrathdan Vaghajibhai Zula
Also directs: Sandalpur Project Private Limited, Anish Infracon India Private Limited, Karmala Road Project Private Limited and 3 more
Director26 Jun 20242 Years 4 MonthsCurrent
Kavita Akshay Chhajer
Also directs: Bhalchandram Clothing Limited, Thomas Scott (India) Limited, Hind Commerce Limited and 4 more
Director26 Jun 20242 Years 4 MonthsCurrent
Ajay Hans
Also directs: Jes Aerospace Private Limited, GHV Sre Private Limited, Pylon Projects Private Limited and 1 more
Managing Director31 Aug 20242 Years 2 MonthsCurrent
Reby Thomas Elsan
Also directs: Sefgd India Private Limited
Whole-Time Director26 Jun 20242 Years 4 MonthsCurrent
View all directors

Charges & borrowings

Open charges
₹269.31 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹190.58 Cr
Bank of India₹50.00 Cr
Indian Bank₹28.73 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jun 2026101326570Others₹2.12 CrOpen
19 Jun 2026101316432Others₹1.49 CrOpen
18 Jun 2026101316431Others₹33 LakhOpen
09 Jun 2026101308026Others₹63 LakhOpen
01 Jun 2026101315851Others₹25 CrOpen

To see the full charge records of GHV Infra Projects Limited, buy the company report.

Total charge records: 15 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for GHV Infra Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for GHV Infra Projects Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

GHV Infra Projects Limited has 27 board changes on record since 2018: 7 appointments and 20 cessations. The latest: Ravi Kumar Kishan Chand Seth ceased to be Additional Director on 25 Aug 2025.

Charges
A charge with Others amounted to Rs. 2.12 Cr with Charge ID 101326570 was registered on 29 Jun 2026.
Charges
A charge with Others amounted to Rs. 1.49 Cr with Charge ID 101316432 was registered on 19 Jun 2026.
Charges
A charge with Others amounted to Rs. 0.33 Cr with Charge ID 101316431 was registered on 18 Jun 2026.
Charges
A charge with Others amounted to Rs. 0.63 Cr with Charge ID 101308026 was registered on 09 Jun 2026.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101315851 was registered on 01 Jun 2026.
Charges
A charge with Indian Bank amounted to Rs. 4.73 Cr with Charge ID 101312449 was registered on 27 May 2026.
Charges
A charge with Bank Of India amounted to Rs. 50.00 Cr with Charge ID 101302367 was registered on 13 May 2026.
Filing
Ghv Infra Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Ghv Infra Projects Limited last Annual general meeting of members was held on 15 Dec 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 101187188 was registered on 17 Oct 2025.
Charges
A charge with Others of Rs. 150.00 Cr registered on 15 May 2025 with Charge ID 101092234 was modified on 29 Sep 2025.
Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 101160294 was registered on 15 Sep 2025.

34 earlier events are in the company report.

News

Frequently asked questions

GHV Infra Projects is an active public limited company based in Mumbai, Maharashtra, India. The company works in paper, within the packaging industry. It was incorporated on 19 March 1976 (50+ years old) and is registered under CIN L43900MH1976PLC457495. Listed on BSE: 505504.

GHV Infra Projects reported revenue of ₹615.47 Cr for FY 2025-26 based on consolidated financials.

GHV Infra Projects has 6 current directors:

The latest financial statements of GHV Infra Projects on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 December 2025. Year-wise statements from 2015 are in the company report.

The CIN (Corporate Identification Number) of GHV Infra Projects is L43900MH1976PLC457495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. GHV Infra Projects is a listed company as per MCA records. Its shares are listed on BSE (code: 505504).

GHV Infra Projects was incorporated on 19 March 1976, making it 50+ years old. It is registered with the Registrar of Companies, Mumbai.

Ravi Kumar Kishan Chand Seth ceased to be Additional Director on 25 Aug 2025. Ravi Kumar Kishan Chand Seth was appointed as Director on 24 Jul 2025. Sadanand Shetty was appointed as CFO on 26 Dec 2024. GHV Infra Projects has 27 board changes on record in total.

The registered office of GHV Infra Projects is at A – 511 5th Floor Kanakia Wallstreet, Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400093.

GHV Infra Projects operates in the packaging industry, in the paper segment.