ITD Cementation India Ltd
ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India. [1]
- Market Cap ₹ 11,168 Cr.
- Current Price ₹ 650
- High / Low ₹ 694 / 352
- Stock P/E 30.0
- Book Value ₹ 107
- Dividend Yield 0.26 %
- ROCE 28.0 %
- ROE 22.4 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 36.6% CAGR over last 5 years
- Company's median sales growth is 19.0% of last 10 years
Cons
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 15m | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,206 | 1,313 | 2,576 | 2,917 | 1,873 | 2,288 | 2,142 | 2,208 | 3,250 | 4,675 | 7,542 | 8,974 | |
1,067 | 1,238 | 2,417 | 2,706 | 1,614 | 2,019 | 1,838 | 2,003 | 2,949 | 4,255 | 6,792 | 8,109 | |
Operating Profit | 140 | 75 | 158 | 211 | 259 | 270 | 304 | 205 | 301 | 420 | 750 | 865 |
OPM % | 12% | 6% | 6% | 7% | 14% | 12% | 14% | 9% | 9% | 9% | 10% | 10% |
19 | 102 | -107 | 22 | 6 | 12 | -39 | 9 | 9 | 26 | 46 | 48 | |
Interest | 116 | 120 | 115 | 89 | 86 | 78 | 92 | 111 | 132 | 160 | 215 | 228 |
Depreciation | 33 | 29 | 25 | 46 | 55 | 70 | 120 | 83 | 95 | 108 | 204 | 189 |
Profit before tax | 9 | 28 | -89 | 99 | 124 | 134 | 53 | 19 | 82 | 177 | 377 | 496 |
Tax % | 0% | 31% | -33% | 49% | 41% | 39% | 19% | 18% | 16% | 30% | 27% | 25% |
9 | 19 | -59 | 51 | 73 | 82 | 43 | 16 | 69 | 124 | 274 | 373 | |
EPS in Rs | 0.81 | 1.25 | -3.82 | 3.28 | 4.69 | 4.77 | 2.51 | 0.92 | 4.01 | 7.23 | 15.93 | 21.70 |
Dividend Payout % | 12% | 0% | 0% | 9% | 9% | 8% | 12% | 13% | 11% | 10% | 11% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 21% |
5 Years: | 33% |
3 Years: | 40% |
TTM: | 19% |
Compounded Profit Growth | |
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10 Years: | 23% |
5 Years: | 37% |
3 Years: | 76% |
TTM: | 38% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 81% |
3 Years: | 116% |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 18% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
Reserves | 397 | 552 | 493 | 537 | 602 | 1,004 | 1,035 | 1,049 | 1,114 | 1,220 | 1,477 | 1,816 |
695 | 671 | 488 | 356 | 489 | 220 | 356 | 445 | 560 | 766 | 889 | 961 | |
514 | 681 | 1,183 | 941 | 1,117 | 780 | 1,244 | 1,354 | 1,654 | 2,874 | 3,437 | 3,659 | |
Total Liabilities | 1,618 | 1,920 | 2,180 | 1,849 | 2,223 | 2,021 | 2,653 | 2,865 | 3,346 | 4,878 | 5,820 | 6,454 |
192 | 283 | 293 | 382 | 406 | 432 | 534 | 539 | 604 | 812 | 1,057 | 1,061 | |
CWIP | 7 | 2 | 2 | 6 | 17 | 5 | 5 | 53 | 2 | 117 | 10 | 21 |
Investments | 60 | 59 | 66 | 1 | 1 | 1 | 447 | 410 | 364 | 222 | 136 | 125 |
1,359 | 1,576 | 1,819 | 1,461 | 1,799 | 1,583 | 1,667 | 1,862 | 2,376 | 3,726 | 4,616 | 5,246 | |
Total Assets | 1,618 | 1,920 | 2,180 | 1,849 | 2,223 | 2,021 | 2,653 | 2,865 | 3,346 | 4,878 | 5,820 | 6,454 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
135 | 34 | 449 | 325 | -17 | 80 | 319 | 49 | 356 | 501 | 692 | 178 | |
-26 | -20 | -87 | -19 | -80 | -98 | -159 | -109 | -113 | -437 | -379 | -198 | |
-110 | -9 | -298 | -222 | 42 | -22 | -38 | -47 | -34 | 31 | -120 | -208 | |
Net Cash Flow | -1 | 5 | 64 | 84 | -55 | -40 | 121 | -107 | 209 | 95 | 193 | -229 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 101 | 93 | 37 | 26 | 44 | 54 | 78 | 80 | 67 | 81 | 57 | 64 |
Inventory Days | 710 | 747 | 550 | 61 | 80 | 75 | 98 | 156 | 117 | 125 | 86 | 73 |
Days Payable | 213 | 282 | 395 | 337 | 344 | 210 | 238 | 309 | 244 | 265 | 197 | 200 |
Cash Conversion Cycle | 598 | 557 | 192 | -250 | -220 | -81 | -62 | -73 | -60 | -59 | -55 | -64 |
Working Capital Days | 207 | 191 | 34 | 1 | 64 | 99 | 15 | 43 | 19 | 3 | 7 | 29 |
ROCE % | 11% | 5% | 13% | 20% | 24% | 18% | 14% | 9% | 13% | 18% | 27% | 28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 May - Q4 FY25 results: INR9,097 Cr revenue, 36% PAT growth; FY26 guidance: 25% revenue growth, INR15,000 Cr order inflows.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
14 May - Annual Secretarial Compliance Report for FY ended March 31, 2025; no violations or fines reported.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 May - Audio recording of Q4 and FY25 results concall uploaded on company website.
- Corporate Action-Board to consider Dividend 13 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 May - ITD Cementation secured Rs 593 crore contract for Jaipur Airport infrastructure works.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Nov 2021Transcript PPT
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Dec 2020Transcript PPT
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Sep 2020Transcript PPT
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Jun 2020Transcript PPT
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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
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Sep 2019TranscriptPPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017Transcript PPT
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May 2017TranscriptNotesPPT
Parentage
As of June 2024 Italian Thai Development Public Company Ltd (ITD, Bangkok) holds ~47% of the company. [1] ITD, Bangkok is amongst the leading infrastructure & construction company in Thailand. It provides access to the latest technology and know-how, international design and engineering, and skilled personnel to augment the company’s local strength. [2]