Infra stock engaged in the business of providing EPC services across various sectors jumped 3 percent in the day’s trade upon receiving a work order worth Rs. 1,082 Crores.
Price Action
With a market capitalization of Rs. 9,026 Crores, the shares of ITD Cementation Limited were trading at Rs. 525.45 per equity share, up 1.43 percent from its previous day’s close price of Rs. 518.05.
What Happened
ITD Cementation Limited has secured a new marine contract for the construction of Third Berth (Jetty) and specified additional works at the Dahej LNG terminal in the state of Gujarat for a consideration of Rs. 1,082 Crores.
About the Company
ITD Cementation Limited is engaged in providing design, engineering, procurement, and construction (EPC) services for infrastructure projects in India. It takes up projects such as maritime structures, Urban Infrastructure, highways, Bridges, Flyovers, Hydro, Dams, Tunnels, Irrigation, and many more.
Presence and Operations
ITD Cementation has a global presence with operations in India, Bangladesh, Lao PDR, the Philippines, Vietnam, and Africa, etc., Its Clientele comprises of Government 49 percent, PSU 18 percent, and Private Sector 33 percent. Massachusetts Institute of Technology holds a 5.32 percent stake in the company.
ITD Cementation Limited’s area of operations includes urban infrastructure, mass rapid transit system 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.
Order Book
As of March 2024, it has a robust order book worth Rs. 19,918 Crores, of which 31 percent of the order book is for Maritime Structures, 22 percent for Urban Infrastructure, MRTS, and
Airports, 16.8 percent for Highway Bridges and Flyovers, 13.1 percent for Industrial Structures and Buildings, 11.6 percent for Hydro, Dams, Tunnels and Irrigation, 2.8 percent for Water and Waste Waterworks and 2.4 percent for Foundation and Specialist Engineering.
Financials & Ratios
Its Revenue from operations grew by 38 percent from Rs. 1,631.41 Crores in Q4FY23 to Rs. 2257.72 Crores in Q4FY24, accompanied by profits of Rs. 37.66 Crores to Rs. 89.56 Crores.
In terms of Return ratios, it has reported a return on equity(ROE) of 20 percent and a return on capital employed (ROCE) of 27.5 percent. It has reported a debt-to-equity ratio of 0.58.
Written by: Bharath K.S
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