The S&P BSE Smallcap stock hit 52W high, rising 9.7% earlier on Thursday, and its momentum is sustained, indicated by its volumes that are still rising which stand at 4.2 million today, way up from yesterday’s 2.5 million and the weekly and monthly averages of 3.2 million and 1.6 million respectively. The stock is trading currently 18.9% above the 50-day moving average and 53.7% above the 200-day moving average.
The stock that has been on an uptrend since March is ITD Cementation Ltd (“ITD”). The company received an order worth USD 205 million or Rs. ~1698 crore in Bangladesh, for the design, supply, installation, testing, and commissioning of the Jamuna river crossing portion of the Bogra-Kaliakoir 400 kV double circuit transmission line on a turnkey basis. Earlier this year, the company also received a Rs. ~830 crore order to construct Thal Sena Bhawan at Delhi Cantt-10 on an EPC basis.
ITD stock is a multibagger that returned 142% in one year period, and 367.9% in a 3 year period. The stock has a P/E – 22.93, higher than industry – 9.46, lower than sector – 30.71. ITD currently has a market cap of Rs. 3,514 crore. The company has consistent shareholding over the last 6 quarters – 46.6% held by promoters, 18.0% by FIIs & DIIs, and the rest being public float. ITD has 0.0% short interest.
ITD also reported stunning results for Q1 FY 24 – 66.9% YoY revenue growth from Rs. 1098 crore to Rs. 1833 crore, 73.2% YoY net profit growth from Rs. 30 crore to Rs. 52 crore. The company has strong financials indicated by a Piotroski score of 7 and has delivered a 21.3% and 42.3% revenue and net profit of 3 Year CAGR respectively.
ITD Cementation India Limited provides construction and civil engineering services in India. The company was formerly known as Skanska Cementation India Limited and changed its name to ITD Cementation India Limited in May 2005. ITD Cementation India Limited was founded in 1931 and is based in Mumbai, India.
Written by Sandeep N
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