ITD Cementation India Ltd

ITD Cementation India Ltd

₹ 352 4.78%
04 Mar 3:46 p.m.
About

ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India. [1]

Key Points

Services
The company has worked with most of the major ports in India in the Marine and Maritime sector. It also provides infrastructure services in the following areas of operations: Highways, Bridges & Flyovers, Airports, Industrial Structures & Buildings, Mass Rapid Transit Systems (MRTS), Water & WasteWater, Box Pushing, Tube Heading, Microtunneling, etc. [1]

  • Market Cap 6,049 Cr.
  • Current Price 352
  • High / Low 375 / 96.9
  • Stock P/E 27.3
  • Book Value 77.2
  • Dividend Yield 0.20 %
  • ROCE 18.8 %
  • ROE 10.4 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.54 times its book value
  • Company has a low return on equity of 6.10% over last 3 years.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
792 984 826 811 998 1,174 1,098 1,035 1,327 1,631 1,833 1,610 2,017
721 870 747 761 918 1,090 1,008 975 1,223 1,491 1,671 1,452 1,812
Operating Profit 71 114 78 50 81 84 90 60 104 140 162 158 205
OPM % 9% 12% 9% 6% 8% 7% 8% 6% 8% 9% 9% 10% 10%
22 12 6 23 6 10 12 37 14 7 13 14 15
Interest 34 38 36 36 34 36 35 39 40 51 51 52 58
Depreciation 25 24 24 27 27 26 25 28 30 31 45 53 56
Profit before tax 34 64 25 11 26 32 41 30 47 65 79 68 106
Tax % 12% 18% 29% -41% 24% 48% 27% 33% 22% 42% 34% 21% 26%
30 53 18 15 20 17 30 20 37 38 52 54 79
EPS in Rs 1.75 3.06 1.04 0.87 1.14 0.95 1.75 1.15 2.13 2.20 3.04 3.12 4.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,658 1,593 1,524 1,652 2,892 2,938 2,061 3,170 2,861 2,728 3,809 5,091 7,092
1,491 1,402 1,362 1,561 2,700 2,726 1,796 2,843 2,523 2,515 3,516 4,691 6,427
Operating Profit 167 191 162 91 192 212 264 327 338 213 293 400 665
OPM % 10% 12% 11% 6% 7% 7% 13% 10% 12% 8% 8% 8% 9%
10 10 34 114 -102 23 7 14 -10 45 45 63 50
Interest 106 119 128 136 138 89 88 124 130 138 142 165 212
Depreciation 42 51 44 43 37 46 58 82 137 100 103 114 184
Profit before tax 28 31 24 27 -85 99 126 134 60 20 94 184 318
Tax % 20% 29% 61% 28% 30% 48% 42% 38% 27% 20% 26% 32%
23 22 9 19 -59 51 73 83 44 16 69 125 222
EPS in Rs 1.96 1.91 0.81 1.25 -3.82 3.28 4.69 4.77 2.51 0.92 4.01 7.23 12.92
Dividend Payout % 10% 10% 12% 0% 0% 9% 9% 8% 12% 13% 11% 10%
Compounded Sales Growth
10 Years: 12%
5 Years: 20%
3 Years: 21%
TTM: 53%
Compounded Profit Growth
10 Years: 19%
5 Years: 7%
3 Years: 19%
TTM: 116%
Stock Price CAGR
10 Years: 38%
5 Years: 24%
3 Years: 56%
1 Year: 215%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 6%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 16 16 16 16 17 17 17 17 17 17
Reserves 370 389 397 552 493 536 602 1,004 1,035 1,049 1,114 1,220 1,308
651 783 770 765 601 356 489 532 539 458 560 766 761
689 607 682 862 1,336 973 1,282 1,044 1,533 1,669 1,925 3,013 3,320
Total Liabilities 1,721 1,791 1,860 2,195 2,445 1,881 2,388 2,597 3,125 3,192 3,616 5,017 5,406
229 230 224 335 349 385 462 529 624 601 655 847 998
CWIP 24 14 7 3 3 6 38 7 5 53 2 117 133
Investments 0 0 0 0 0 1 1 1 255 194 113 45 5
1,469 1,547 1,630 1,856 2,093 1,489 1,887 2,060 2,241 2,344 2,847 4,007 4,271
Total Assets 1,721 1,791 1,860 2,195 2,445 1,881 2,388 2,597 3,125 3,192 3,616 5,017 5,406

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
57 15 187 44 465 326 68 -134 447 191 339 471
-69 -37 -49 -38 -104 -20 -157 -133 -87 -51 -25 -438
-1 18 -147 -4 -302 -222 40 244 -212 -250 -56 28
Net Cash Flow -13 -3 -9 1 59 83 -49 -24 147 -110 258 61

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 83 83 96 91 39 27 42 50 75 71 60 77
Inventory Days 518 590 680 641 530 61 92 75 99 144 118 119
Days Payable 212 181 211 236 340 340 363 171 225 311 276 275
Cash Conversion Cycle 389 492 566 496 229 -252 -229 -45 -51 -96 -99 -78
Working Capital Days 136 158 160 159 37 0 37 90 38 48 23 6
ROCE % 14% 14% 13% 5% 14% 19% 24% 20% 15% 10% 14% 19%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64%
10.91% 10.67% 10.35% 10.67% 10.50% 10.47% 12.80% 13.30% 12.23% 13.46% 14.42% 13.90%
20.33% 19.60% 15.26% 13.02% 12.31% 11.62% 8.37% 5.64% 5.07% 4.57% 3.38% 1.94%
22.13% 23.10% 27.75% 29.68% 30.55% 31.27% 32.20% 34.42% 36.05% 35.34% 35.56% 37.53%
No. of Shareholders 44,24554,09656,36149,00355,39055,36047,47646,63749,85857,19673,00576,050

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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