Listed below is one of the leading infrastructure companies with strong growing financials and operations that has delivered multibagger returns of 1,792 percent to the shareholders of the company in just 4 years.
Domestic benchmark equity indices, the Sensex, and the Nifty 50 ended Friday’s session in Green strengthened by Buying in PSU, Auto, and IT. The Sensex ended at 79,705 up by 819.69 points or 1.04 percent, while the Nifty 50 closed at 24,367.50 up by 250.50 points or 1.04 percent.
On March 27, 2020, the shares of ITD Cementation India Limited closed at Rs. 29.60 exhibiting a gain of around 1,792 percent compared to the current price. For example, if someone had invested Rs. 1 lakh into the company’s stock 4 years ago, it would have turned to ~Rs. 18.92 Lakhs.
About the Company
ITD Cementation Limited is engaged in the business of providing design, engineering, procurement, and construction (EPC) services for infrastructure projects in India.
Presence and Operations
ITD Cementation Limited’s area of operations includes urban infrastructure, mass rapid transit systems and airports, highways, bridges and flyovers, maritime structures, industrial structures and buildings, hydro, dams, tunnels and irrigation, foundation and specialist engineering, water and wastewater, and many others.
ITD Cementation Limited has a global presence with operations in India, Bangladesh, Lao PDR, the Philippines, Vietnam, and Africa, etc., Its Clientele comprises of Government 48 percent, PSU 17 percent, and Private Sector 35 percent. Massachusetts Institute of Technology holds a 5.32 percent stake in the company.
Order Book
As of Q1FY25, it has a consolidated work order book of Rs. 18,536 Crores and in Q1FY25 it secured work orders worth Rs. 1,053 Crores.
The order book breakdown consists of Maritime Structures 34.5 percent, Urban Infrastructure, MRTS, and Airports 21.2 percent, Highway Bridges and Flyovers 14.7 percent, Industrial Structures and Buildings 12.6 percent, Hydro, Dams, Tunnels, and Irrigation 11.4 percent, Foundation, and Specialist Engineering 2.8 percent and Water and Waste Waterworks 2.7 percent
Chances of Promoter Disinvestment
In Addition, the Promoter of the Company the Italian Thai Development Public Company Limited who holds a 46.64 percent stake in the company, is exploring a potential divestment of their investments in the company, the process is currently at a preliminary stage and no definitive decision in this regard has been taken as yet
Q1FY25 Results
Its Revenue from operations grew by 30 percent YoY from Rs. 1,832.57 Crores in Q1FY24 to Rs. 2,381.48 Crores in Q1FY25 and it grew by 6 percent QoQ from Rs. 2,257.7 Crores in Q4FY24 to Rs. 2,381.48 Crores in Q1FY25.
Its Net Profit grew by 92 percent YoY from Rs. 52.33 Crores in Q1FY24 to Rs. 100.18 Crores in Q1FY25 and grew by 12 percent QoQ from Rs. 89.55 Crores in Q4FY24 to Rs. 100.18 Crores in Q1FY25. Its Net Profit Margin increased from 2.87 percent in Q1FY24 to 3.96 percent in Q1FY25.
Written by: Bharath K.S
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