What’s new

• CHL reported a standalone net profit of ₹16.16 cr on income of ₹109.42 cr for FY26.
• A building in Tajikistan saw its carrying value jump to ₹673.55 cr after a ₹529.07 cr revaluation.
• Auditors flagged a USD 34 million one-time settlement with EXIM Bank to resolve long-standing litigation.

Why it matters

The revaluation is an accounting event that creates a massive gap between the company's book value and its market capitalization of ₹172 crore. Investors must determine if this asset value is realizable or merely a paper adjustment. The EXIM Bank settlement is the more pressing reality, as it finally addresses a major historical liability.

What we’re watching

• Whether the market adjusts the stock price to reflect the new book value.
• The timeline for the USD 34 million payment to EXIM Bank.
• Any further details on the Tajikistan subsidiary's operations.

The full read

CHL Ltd posted a standalone net profit of ₹16.16 crore for FY26, but the headline numbers are secondary to the accounting adjustments in its consolidated report. The company revalued a building held by its Tajikistan subsidiary, CJSC CHL International, by ₹529.07 crore. This move pushed the asset's carrying value to ₹673.55 crore. For a company with a market capitalization of just ₹172 crore, this revaluation is a massive outlier that bears little relation to the firm's current trading valuation. Auditors also noted a USD 34 million one-time settlement with EXIM Bank. This settlement is a step in resolving long-standing litigation that has clouded the company's balance sheet. While the revaluation inflates reserves on paper, the EXIM Bank deal represents a concrete, multi-million dollar liability that the company must now manage. The disconnect between these accounting figures and the company's market value is the primary risk for investors.

Primary source: BSE · NSE

What’s new

• Standalone FY26 income reached ₹109.42 cr with a net profit of ₹16.19 cr.
• A Tajik subsidiary revalued a building, lifting its book value to ₹673.55 cr.
• A USD 34 million one-time settlement with EXIM Bank is still under implementation.

Why it matters

The revaluation gain is massive relative to the company's size, dwarfing its market cap and standalone earnings. Investors must look past the headline profit to the sustainability of these balance-sheet adjustments and the ongoing liability of the EXIM Bank settlement.

What we’re watching

• Progress on the USD 34 million EXIM Bank settlement.
• Whether the revaluation leads to any change in the subsidiary's cash-flow profile.
• Auditor commentary on the valuation methodology in future filings.

The full read

CHL Ltd closed FY26 with a standalone net profit of ₹16.19 crore on total income of ₹109.42 crore.

It is a massive adjustment.

The real story sits in the balance sheet of its Tajik subsidiary, CJSC CHL International, where an independent valuation of a building resulted in a ₹529.07 crore increase in carrying value, pushing the asset to ₹673.55 crore. This accounting move is worth more than three times the company's entire market capitalization. Meanwhile, the company is still working to implement a USD 34 million one-time settlement with EXIM Bank. The scale of the revaluation relative to the company's size and the weight of the pending bank settlement are the primary factors for investors to weigh. The revaluation reserve has absorbed the gain, but the underlying litigation remains a live issue.

Primary source: BSE · NSE