---
title: "CHD Developers Ltd (526917) — Share Price, Financials & Analysis"
symbol: "526917"
company: "CHD Developers Ltd"
canonical: "https://tapetide.com/stocks/526917"
isin: "INE659B01021"
bse_code: "526917"
sector: "Consumer Discretionary"
industry: "Realty"
generated_at: "2026-09-13T18:27:51.739Z"
---

# CHD Developers Ltd (526917)

Canonical page: https://tapetide.com/stocks/526917

## Company

- **BSE Code:** 526917
- **ISIN:** INE659B01021
- **Sector:** Consumer Discretionary
- **Industry:** Realty
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** chddevelopers.com

## About

CHD Developers Ltd. is real estate developer engaged in the business of developing township and residential/commercial complexes. The Company's operation spans all aspects of real estate development, from identification and acquisition of land, to planning, execution, construction and marketing projects.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.12 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -12.7% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -7% |
| revenue growth | -100% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 25.65 | 27.07 | 42.72 | 27.32 | 34.16 | 31.6 | 18.26 | 0 | 0 | 1.01 | 0 | 1.09 |
| Expenses | 23.4 | 24.34 | 39.11 | 24.49 | 31.31 | 28.03 | 23.67 | 0.18 | 0.12 | 2.25 | 2.66 | 3.51 |
| Operating Profit | 2.25 | 2.73 | 3.61 | 2.83 | 2.85 | 3.57 | -5.41 | -0.18 | -0.12 | -1.24 | -2.66 | -2.42 |
| OPM % | 8.77 | 10.08 | 8.45 | 10.36 | 8.34 | 11.3 | -29.63 | — | — | -122.77 | — | -222.02 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.36 | 0.24 | 0.45 | 0.47 | 0.46 | 0.51 |
| Interest | 1.66 | 1.74 | 5.01 | 2.26 | 2.29 | 2.52 | 1.51 | 0.66 | 1.39 | 0.46 | 0 | 0 |
| Depreciation | 0.49 | 0.46 | 0.54 | 0.46 | 0.36 | 0.3 | 0.29 | 0.1 | 0.25 | 0.25 | 0.25 | 0.25 |
| Profit before tax | 0.1 | 0.53 | -1.94 | 0.11 | 0.2 | 0.75 | -6.85 | -0.7 | -1.31 | -1.48 | -2.45 | -2.16 |
| Tax % | -420 | 50.94 | -36.6 | -9.09 | 40 | 38.67 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.52 | 0.25 | -1.23 | 0.12 | 0.12 | 0.46 | -6.85 | -0.7 | -1.31 | -1.49 | -2.46 | -2.16 |
| EPS in Rs | 0.05 | 0.02 | -0.1 | 0.01 | 0.01 | 0.04 | -0.53 | -0.05 | -0.1 | -0.12 | -0.19 | -0.17 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 252 | 311 | 233 | 169 | 127 | 130 | 132 | 42 | 2 | 0 |
| Expenses | 228 | 273 | 203 | 143 | 112 | 120 | 120 | 68 | 9 | 2 |
| Operating Profit | 24 | 38 | 30 | 26 | 15 | 10 | 12 | -26 | -6 | -2 |
| OPM % | 9 | 12 | 13 | 15 | 12 | 8 | 9 | -61 | -307 | — |
| Other Income | 0 | 1 | 0 | 0 | 5 | 3 | 3 | 1 | 2 | -40 |
| Interest | 7 | 20 | 16 | 10 | 10 | 10 | 12 | 4 | 2 | 5 |
| Depreciation | 1 | 1 | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | 16 | 17 | 12 | 14 | 8 | 1 | 1 | -30 | -7 | -49 |
| Tax % | 33 | 33 | 35 | 35 | 34 | -15 | 80 | 0 | 0 | 0 |
| Net Profit | 11 | 11 | 8 | 9 | 5 | 1 | 0 | -30 | -7 | -49 |
| EPS in Rs | 0.94 | 1.01 | 0.69 | 0.78 | 0.46 | 0.07 | 0.02 | -2.36 | -0.58 | -3.78 |
| Dividend Payout % | 11 | 0 | 0 | 0 | 22 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 26 | 26 | 26 | 26 | 26 |
| Reserves | 67 | 78 | 85 | 94 | 98 | 134 | 131 | 101 | 93 | 45 |
| Borrowings | 143 | 200 | 145 | 127 | 174 | 208 | 266 | 256 | 272 | 270 |
| Other Liabilities | 166 | 202 | 283 | 276 | 237 | 225 | 248 | 257 | 225 | 255 |
| Total Liabilities | 398 | 502 | 536 | 519 | 532 | 592 | 670 | 639 | 616 | 596 |
| Fixed Assets | 20 | 24 | 20 | 16 | 14 | 13 | 12 | 10 | 9 | 8 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 51 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 |
| Other Assets | 326 | 424 | 463 | 450 | 464 | 526 | 604 | 575 | 554 | 534 |
| Total Assets | 398 | 502 | 536 | 519 | 532 | 592 | 670 | 639 | 616 | 596 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -18 | -11 | 47 | 18 | -41 | -61 | -47 | 14 | -17 | 3 |
| Cash from Investing Activity | -55 | -2 | 6 | 5 | 3 | 2 | 1 | 1 | 1 | 0 |
| Cash from Financing Activity | 69 | 37 | -69 | -27 | 36 | 61 | 45 | -11 | 14 | -7 |
| Net Cash Flow | -3 | 23 | -15 | -5 | -2 | 1 | -1 | 4 | -2 | -4 |
| Free Cash Flow | -24 | -15 | 48 | 19 | -41 | -62 | -48 | 14 | -17 | 3 |
| CFO/OP | -74 | -17 | 171 | 85 | -230 | -587 | -403 | -54 | 270 | -182 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 7 | 4 | 5 | 6 | 4 | 4 | 4 | 7 | 151 | — |
| Inventory Days | 277 | 354 | 629 | 795 | 1096 | 1018 | — | — | 23021 | — |
| Days Payable | 35 | 47 | 72 | 76 | 137 | 51 | — | — | 1550 | — |
| Cash Conversion Cycle | 250 | 310 | 562 | 724 | 963 | 971 | 4 | 7 | 21622 | — |
| Working Capital Days | 118 | 111 | 140 | 139 | 381 | 639 | 689 | 488 | 13644 | — |
| ROCE % | 12 | 14 | 10 | 9 | 7 | 3 | 3 | -6 | -1 | -1 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Dec 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.32% | 62.12% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% |
| DIIs | 0.04% | 0.04% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0.35% | 0% | 0% | 0% | 0% |
| Public | 29.64% | 37.85% | 37.49% | 37.83% | 37.83% | 37.83% | 37.85% |
| No. of Shareholders | 12960 | 12680 | 11760 | 11923 | 11894 | 11872 | 11863 |

### Quarterly

| Category | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% | 62.17% |
| Public | 37.83% | 37.83% | 37.83% | 37.83% | 37.83% | 37.83% | 37.83% | 37.83% | 37.83% | 37.85% | 37.85% | 37.85% |
| No. of Shareholders | 11923 | 11920 | 11915 | 11908 | 11894 | 11892 | 11882 | 11877 | 11872 | 11872 | 11869 | 11863 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 153.7 | Sell |
| EMA (10) | 153.19 | Sell |
| SMA (20) | 159.86 | Sell |
| EMA (20) | 158.07 | Sell |
| SMA (50) | 168.25 | Sell |
| EMA (50) | 165.99 | Sell |
| SMA (100) | 175.17 | Sell |
| EMA (100) | 172.94 | Sell |
| SMA (200) | 185.28 | Sell |
| EMA (200) | 181.78 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 27.81 | Buy |
| MACD (12,26,9) | -5.83 | Sell |
| Stochastic (14,3,3) | 15.12 | Buy |
| ADX (14) | 25.18 | Buy |
| Williams %R (14) | -85.79 | Buy |
| ATR (14) | 7.86 | High Volatility |
| ROC (12) | -10.24 | Sell |
| Stoch RSI (14) | 11.36 | Buy |
| UO (7,14,28) | 33.49 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Audio recording link for Feb 9, 2026 earnings call on quarter ended Dec 31, 2025. Recording ID 10040427. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 9 Feb - Audio recording link for Feb 9, 2026 earnings call on quarter ended Dec 31, 2025. Recording ID 10040427.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab5a1fdb-ab2a-4c0e-a36c-a56e2b8a4f2a.pdf) |
| 8h - Arvog gone live with Godrej Finance co-lending partnership; Godrej 80%, Arvog 20% (Mar 05, 2026). | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 8h - Arvog gone live with Godrej Finance co-lending partnership; Godrej 80%, Arvog 20% (Mar 05, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachLive/96964c43-3a82-4c14-befb-e6c8a3bb93df.pdf) |
| 25 Feb - Board approved private placement of Rs50 crore NCDs, 24-month tenor, 12% coupon, allotment Feb 26, 2026. | [Board Meeting Outcome for The Board Has Inter Alia Approved The Raising Of Funds Through Issue Of Non-Convertible Debentures On Private Placement Basis. 25 Feb - Board approved private placement of Rs50 crore NCDs, 24-month tenor, 12% coupon, allotment Feb 26, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93a313b1-f031-4310-b32b-0e91a4963d8c.pdf) |
| 20 Feb - Board meeting Feb 25, 2026 to consider issuing NCDs (₹100,000 each) via private placement (EBP). | [Board Meeting Intimation for Raising Of Funds By Issuance Of 12% Non-Convertible Debentures 20 Feb - Board meeting Feb 25, 2026 to consider issuing NCDs (₹100,000 each) via private placement (EBP).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dbe9d7a2-ff46-4030-bb51-f5dbeb4ee3bd.pdf) |
| 19 Feb - The Company will be hosting an Investors / Analysts meeting as per the details given below: Date: Thursday, February 26, 2026 Time: 03:00 P.M. to … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Feb - The Company will be hosting an Investors / Analysts meeting as per the details given below: Date: Thursday, February 26, 2026 Time: 03:00 P.M. to …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1dea9dab-3f3c-4eb8-81dd-089c9d6afa87.pdf) |
| 16h - Read with the applicable provisions of Schedule III of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Management of the Company … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16h - Read with the applicable provisions of Schedule III of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Management of the Company …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b035232-4caf-4910-be49-795035cf6ac2.pdf) |
| 13 Feb - Transcript of the earnings call held on February 09, 2026. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 13 Feb - Transcript of the earnings call held on February 09, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4f9c21c-011a-4ab4-95e5-918a597def0a.pdf) |
| 13 Feb - Infomerics upgraded Finkurve ratings to IVR BBB+ (long-term) and IVR A2 (short-term); total Rs.100.20 crore. | [Announcement under Regulation 30 (LODR)-Credit Rating 13 Feb - Infomerics upgraded Finkurve ratings to IVR BBB+ (long-term) and IVR A2 (short-term); total Rs.100.20 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/882445d5-8164-42be-b3e4-fe48d6cf6cc0.pdf) |
| 11 Jan 2023 - Mr. Nishant Goyal resigned from the Board of Directors. | [Announcement under Regulation 30 (LODR)-Change in Directorate 11 Jan 2023 - Mr. Nishant Goyal resigned from the Board of Directors.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c501290f-0ac6-4945-bf02-86eacbd0fa56.pdf) |
| 11 Feb - CRISIL monitoring report: preferential issue proceeds revised to Rs141.50cr; Rs111.50cr utilized, Rs30.00cr unutilized as of Dec 31, 2025. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 Feb - CRISIL monitoring report: preferential issue proceeds revised to Rs141.50cr; Rs111.50cr utilized, Rs30.00cr unutilized as of Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/87ca9c7a-4b66-4bbc-aaa6-9af8361b2d15.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d2e14bb-8ecf-4793-b9bf-587b552ccedf.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3bab75aa-8f95-4cd7-8140-24e292ef0d1d.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be87af91-422c-420c-bfec-8a6c28380ba6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02fb86b7-d386-47c7-aa8e-f7a57d3549cd.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af06e414-3da6-4b6d-a012-ee2f4836edf1.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca807620-f756-468f-ad0a-4467bb599295.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/508954/74283508954.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/508954/69910508954.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/508954/66844508954.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/508954/5089540319.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526917/5269170319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/508954/5089540318.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526917/5269170318.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2023-01-11 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c501290f-0ac6-4945-bf02-86eacbd0fa56.pdf) |
| 2022-12-31 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1bfeb9f-5a84-4c27-9bba-7f5eb4f1ac67.pdf) |
| 2022-12-31 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=028ace48-34db-45e0-9288-af181c4af5cd.pdf) |
| 2022-12-31 | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=014f3c6e-18fe-411c-a44c-58f49fb65bc0.pdf) |
| 2022-12-31 | [PROCEEDINGS OF 32ND ANNUAL GENERAL MEETING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=651bb2cb-3a37-4169-b477-ab09a40d8f22.pdf) |
| 2022-12-10 | [Intimation Of Newspaper Publication- Notice Of Annual General Meeting And E-Voting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d879253-0577-48c9-acfd-7d6bf001a815.pdf) |
| 2022-12-10 | [Intimation Of Newspaper Publication- Notice Of Annual General Meeting, E-Voting And Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1af803ec-fd17-4059-b339-853fa7801e03.pdf) |
| 2022-12-09 | [Notice Of 32Nd Annual General Meeting Of Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d81f8a3-2dde-472f-89aa-432b7a2f4767.pdf) |
| 2022-12-09 | [Notice Of 32Nd Annual General Meeting Of Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72e74a93-4843-4aab-880d-4faa20358fd3.pdf) |
| 2022-12-09 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc2f642a-3328-4b3d-8142-4c75fca5ec3b.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:27:51.739Z.