The shares of this smallcap company jumped around 3 percent in Tuesday’s trading session after receiving an order worth Rs. 1,237 crores. In one year, the shares have delivered more than 180 percent returns to its shareholders.
Price Movemnet:
With a market capitalization of Rs. 9,008 crores, the shares of ITD Cementation India Ltd started Tuesday’s trading session on a higher note at Rs. 532.95 compared to its previous close of Rs. 508.90. During the trading session, the shares hit a high of Rs. 539.90, gaining around 3 percent and are currently trading at Rs. 526 apiece.
What Happened:
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had secured a contract for constructing a Residential colony in New Delhi (Phase II) worth approximately Rs 1,237 crores including taxes and duties.
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Financials:
Looking at the company’s financial statements, the revenue increased by 12 percent from Rs. 2,017 crores during the December quarter to Rs. 2,258 crores in the March quarter. In addition, the net profits surged by around 14 percent from Rs. 79 crores to Rs. 90 crores during the same period.
Order Book:
As of March 2023, the company had an order book amounting to Rs. 19,918 crores, equivalent to 2.2 times its market capitalization.
Of which 31 percent of the order book is for Maritime Structures, 22 percent for Urban Infrastructure, MRTS, and Airports, and 16.8 percent for Highway Bridges and Flyovers.
The remaining 30.2 percent is distributed across Industrial Structures and Buildings, Hydro, Dams, Tunnels, Irrigation, Water and Waste Waterworks, and Foundation and Specialist Engineering.
Additionally, the company’s bid pipeline includes opportunities valued between Rs. 25,000 and 30,000 crores, focusing on high-value projects.
Customer Base:
ITD Cementation operates globally, with a presence in India, Bangladesh, the Philippines, Vietnam, and Africa. Its clientele includes 49 percent government entities, 18 percent public sector undertakings (PSUs), and 33 percent private sector clients.
Important Financial Ratios:
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 18.32 percent and a return on capital employed (RoCE) of 34.33 percent for the period spanning FY23-24. Furthermore, the net profit margin during FY23-24 was 3.34 percent.
Company Profile:
ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India.
Written By Vaibhav Patil
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