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Earnings · Consumer Food · Micro cap

Chatha Foods pours into new veg plant, CWIP jumps 9x to ₹78 cr

Revenue and PAT grow modestly, but capital work-in-progress surges to ₹78.23 crore from ₹8.27 crore — a clear signal of capacity expansion.

1 earlier story on Chatha Foods Ltd.
Mkt cap₹207 cr
P/E30.89×
ROE7.34%
Debt / eq.0.14
₹78.23 cr Capital work-in-progress, up from ₹8.27 cr, largely for subsidiary's veg plant.

What's new

  • CWIP surges to ₹78.23 cr from ₹8.27 cr, driven by subsidiary's veg plant.
  • FY26 revenue rises to ₹165.72 cr; PAT increases to ₹6.40 cr.
  • Audit opinion unmodified; no exceptional items.

Why this matters

The numbers are steady but the capex spike is the story. Chatha is placing a large bet on new capacity — whether that translates into revenue growth is the next test. For now, the balance sheet is being reshaped.

What we're watching

  • Timeline for the veg plant to go operational.
  • How the ₹78 cr capex is funded — debt or internal accruals.
  • Revenue trajectory once new capacity comes online.

The full read

Chatha Foods' annual results are steady but unremarkable — revenue rose to ₹165.72 crore from ₹157.17 crore, and PAT to ₹6.40 crore from ₹6.06 crore. The real move is on the balance sheet: capital work-in-progress ballooned from ₹8.27 crore to ₹78.23 crore, almost entirely for a subsidiary's new vegetable processing plant. That's a nine-fold jump, signalling a major capacity expansion underway. The audit is clean, and there are no exceptional items clouding the base. For now, the market gets a safe pair of hands with a meaningful growth bet buried in the CWIP line.

Mentioned: subsidiary veg plant · ₹78.23 cr CWIP
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Chatha Foods Ltd.

FMCG
₹165 cr
P/E 24.62×

Latest quarter · Mar 2026

Sales₹82 cr
Net profit₹3 cr
Op. margin+8.0%
EPS₹1.45

Strength & growth

Debt / equity0.14×
Current ratio2.44×
Financials via Tijori — a research aid, not investment advice.CHATHA on Tijori
  1. 20 May 2026 · 9:49 PM IST Chatha Foods pours into new veg plant, CWIP jumps 9x to ₹78 cr
  2. 63d ago Chatha Foods FY26 profit rises to ₹6.40 cr on revenue of ₹165.72 cr