ITD Cementation

₹369.7 6.1 | 1.7%

WEBSITE BSE:509496 NSE : ITDCEM 10 May, 16:01

Market Cap ₹6351 Cr.

Stock P/E 28.6

P/B 4.5

Current Price ₹369.7

Book Value ₹ 81.6

Face Value 1

52W High ₹395.7

Dividend Yield 0.2%

52W Low ₹ 127.9

Edit Ratio

ITD Cementation Research see more...

EQUITY RESEARCH: ITD Cementation Limited (ITDC)

Overview Inc. Year: 1978Industry: Engineering - Construction

ITD Cementation India Ltd is an primarily India based business enterprise involved in construction and civil engineering. The Company is engaged in construction of various structures, which consist of maritime systems, mass rapid shipping structures (MRTS), airports and other foundations. The Company operates inside the Construction segment. The Company has approximately 60 live operational undertaking sites throughout over 10 Indian States. Its operational areas consist of Maritime systems, along with production of jetties, dolphins, quays, berths on concrete and metal piles, ship lift, dry dock, wet basic and carrier platforms, dredging and reclamation works for ports, and creation of ship lift, dry dock, wet basin and inclined berth; Hydro strength projects, tunnels, dams and irrigation tasks; Urban infrastructure tasks/mass speedy transit , flyovers, Highways, bridges, Industrial civil works, systems/airports, Water and waste water, and Specialist engineering.

ITD Cementation Share Price

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ITD Cementation Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	811	998	1174	1098	1035	1327	1631	1833	1610	2017
Other Income	4	3	3	9	12	1	7	9	6	12
Total Income	815	1001	1177	1106	1047	1328	1639	1841	1616	2029
Total Expenditure	761	918	1090	1008	975	1223	1485	1671	1452	1812
Operating Profit	54	83	87	98	72	105	154	170	164	217
Interest	36	34	36	35	39	40	51	51	52	58
Depreciation	27	27	26	25	28	30	31	45	53	56
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-9	23	25	38	5	35	72	74	60	103
Provision for Tax	-4	6	15	11	10	10	28	26	14	27
Profit After Tax	-4	17	10	27	-5	24	44	48	45	76
Adjustments	19	3	6	3	25	12	-6	4	8	3
Profit After Adjustments	15	20	16	30	20	37	38	52	54	78
Adjusted Earnings Per Share	0.9	1.1	1	1.7	1.1	2.1	2.2	3	3.1	4.6

ITD Cementation Profit & Loss

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1539	1579	1570	3025	2938	2061	3170	2861	2728	3809	5091	7091
Other Income	23	49	41	51	27	35	19	5	12	12	29	34
Total Income	1563	1628	1610	3076	2965	2096	3189	2865	2740	3821	5120	7125
Total Expenditure	1362	1431	1501	2863	2673	1789	2848	2565	2515	3516	4691	6420
Operating Profit	201	196	110	214	292	307	341	300	225	305	429	705
Interest	119	128	136	138	89	88	124	130	138	142	165	212
Depreciation	51	44	43	37	46	58	82	96	100	103	114	185
Exceptional Income / Expenses	0	0	96	-124	0	-22	0	-41	0	0	0	0
Profit Before Tax	31	24	27	-85	99	126	135	60	20	94	184	309
Provision for Tax	9	15	7	-25	48	53	51	16	4	24	59	95
Profit After Tax	22	9	19	-59	51	73	83	44	16	69	125	213
Adjustments	0	0	0	0	-0	-0	-1	-1	1	1	-4	9
Profit After Adjustments	22	9	19	-59	51	73	82	43	17	71	120	222
Adjusted Earnings Per Share	1.9	0.8	1.3	-3.8	3.3	4.7	4.8	2.5	1	4.1	7	12.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	34%	21%	20%	13%
Operating Profit CAGR	41%	13%	7%	8%
PAT CAGR	81%	42%	11%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	187%	68%	27%	40%
ROE Average	11%	6%	7%	5%
ROCE Average	19%	15%	15%	15%

ITD Cementation Balance Sheet

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	400	408	568	508	552	617	1021	1053	1066	1131	1238
Minority's Interest	0	0	0	0	1	1	2	3	3	3	4
Borrowings	78	11	40	12	41	25	17	17	87	87	168
Other Non-Current Liabilities	-13	-17	-9	-37	28	9	29	83	64	63	61
Total Current Liabilities	1307	1436	1581	1918	1278	1741	1626	1967	1967	2326	3538
Total Liabilities	1773	1839	2180	2401	1900	2393	2695	3123	3187	3610	5009
Fixed Assets	230	224	335	349	385	462	529	624	601	655	847
Other Non-Current Assets	137	163	198	253	362	259	130	417	396	335	478
Total Current Assets	1406	1452	1647	1798	1152	1673	2036	2082	2190	2620	3683
Total Assets	1773	1839	2180	2401	1900	2393	2695	3123	3187	3610	5009

ITD Cementation Cash Flow

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	36	33	24	25	79	163	113	90	237	127	386
Cash Flow from Operating Activities	15	187	44	465	326	68	-134	447	191	339	471
Cash Flow from Investing Activities	-37	-49	-38	-104	-20	-157	-133	-87	-51	-25	-438
Cash Flow from Financing Activities	18	-147	-4	-302	-222	40	244	-212	-250	-56	28
Net Cash Inflow / Outflow	-3	-9	1	59	83	-49	-24	147	-110	258	61
Closing Cash & Cash Equivalent	33	24	25	84	163	113	90	237	127	386	446

ITD Cementation Ratios

#	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.91	0.81	1.25	-3.82	3.28	4.69	4.77	2.51	1	4.12	7
CEPS(Rs)	6.3	4.65	4	-1.46	6.29	8.42	9.64	8.16	6.76	10.01	13.87
DPS(Rs)	0.2	0.1	0	0	0.3	0.4	0.4	0.3	0.12	0.45	0.75
Book NAV/Share(Rs)	34.78	35.47	36.6	32.75	35.58	39.78	59.43	61.27	62.04	65.85	72.04
Core EBITDA Margin(%)	11.55	9.32	4.39	5.37	9	13.17	10.17	10.33	7.8	7.69	7.86
EBIT Margin(%)	9.78	9.64	10.34	1.76	6.41	10.35	8.16	6.66	5.8	6.18	6.86
Pre Tax Margin(%)	2.02	1.51	1.71	-2.8	3.37	6.1	4.24	2.1	0.73	2.46	3.61
PAT Margin (%)	1.43	0.59	1.24	-1.96	1.74	3.54	2.62	1.53	0.58	1.82	2.45
Cash Profit Margin (%)	4.72	3.39	3.96	-0.75	3.32	6.34	5.22	4.9	4.26	4.51	4.68
ROA(%)	1.26	0.52	0.97	-2.59	2.38	3.4	3.27	1.5	0.51	2.04	2.89
ROE(%)	5.62	2.3	3.98	-11.02	9.66	12.47	10.15	4.22	1.51	6.31	10.53
ROCE(%)	13.59	12.89	12.93	4.35	18.66	21.18	19.47	12.38	10.54	15.08	19.36
Receivable days	87.93	88.5	94.68	43.56	32.54	40.26	38.93	65.17	74.67	55.23	61.02
Inventory Days	212.81	220.85	242.74	139.15	79.89	23.74	23.23	34.16	41.93	35.34	35.03
Payable days	199.11	190.85	227.92	260.73	378.86	362.32	180.26	208.36	296.09	245.04	234.04
PER(x)	12.51	17.32	39.4	0	45.36	46.42	27.6	11.8	77.27	15.29	14.95
Price/Book(x)	0.69	0.39	1.35	3.35	4.18	5.48	2.21	0.48	1.25	0.96	1.45
Dividend Yield(%)	0.84	0.71	0	0	0.2	0.18	0.3	1.01	0.15	0.71	0.72
EV/Net Sales(x)	0.66	0.57	0.96	0.71	0.85	1.82	0.85	0.25	0.56	0.29	0.37
EV/Core EBITDA(x)	5.08	4.58	13.72	10.09	8.57	12.24	7.86	2.34	6.81	3.63	4.42
Net Sales Growth(%)	11	2.55	-0.55	92.7	-2.89	-29.86	53.87	-9.77	-4.65	39.64	33.65
EBIT Growth(%)	12.25	1.11	6.68	-67.28	254.3	13.33	21.33	-26.36	-16.99	48.78	48.39
PAT Growth(%)	-2.65	-57.64	108.55	-405.48	186.36	42.38	14.03	-47.38	-63.55	334.68	79.88
EPS Growth(%)	-2.65	-57.64	54.79	-405.47	185.73	43.21	1.55	-47.28	-60.03	310.4	69.81
Debt/Equity(x)	1.96	1.88	1.35	1.18	0.65	0.79	0.52	0.45	0.38	0.46	0.59
Current Ratio(x)	1.08	1.01	1.04	0.94	0.9	0.96	1.25	1.06	1.11	1.13	1.04
Quick Ratio(x)	0.35	0.35	0.33	0.32	0.81	0.87	1.1	0.91	0.94	0.95	0.88
Interest Cover(x)	1.26	1.19	1.2	0.39	2.11	2.44	2.08	1.46	1.14	1.66	2.11
Total Debt/Mcap(x)	2.85	4.77	1	0.35	0.15	0.14	0.24	0.93	0.31	0.48	0.4

ITD Cementation Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.64	46.64	46.64	46.64	46.64	46.64	46.64	46.64	46.64	46.64
FII	10.67	10.5	10.47	12.8	13.3	12.23	13.46	14.43	13.9	17.07
DII	13.02	12.31	11.62	8.37	5.64	5.07	4.57	3.38	1.95	1.83
Public	29.68	30.55	31.27	32.2	34.43	36.06	35.34	35.56	37.52	34.47
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	8.01	8.01	8.01	8.01	8.01	8.01	8.01	8.01	8.01	8.01
FII	1.83	1.8	1.8	2.2	2.28	2.1	2.31	2.48	2.39	2.93
DII	2.24	2.11	2	1.44	0.97	0.87	0.79	0.58	0.33	0.31
Public	5.1	5.25	5.37	5.53	5.91	6.2	6.07	6.11	6.45	5.92
Others	0	0	0	0	0	0	0	0	0	0
Total	17.18	17.18	17.18	17.18	17.18	17.18	17.18	17.18	17.18	17.18

Pros

Debtor days have improved from 245.04 to 234.04days.

Cons

Promoter holding is low: 46.64%.
Company has a low return on equity of 6% over the last 3 years.
Stock is trading at 4.5 times its book value.

* 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.

ITD Cementation News

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ITD Cementation

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ITD Cementation Research see more...

Overview Inc. Year: 1978Industry: Engineering - Construction

ITD Cementation Share Price

Alert Data

Quarterly Price

Peer Comparison

ITD Cementation Quarterly Results

ITD Cementation Profit & Loss

Growth Rates

ITD Cementation Balance Sheet

ITD Cementation Cash Flow

ITD Cementation Ratios

ITD Cementation Shareholding Pattern

ITD Cementation News

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