Realty stock that is engaged in providing design, engineering, procurement, and construction (EPC) services jumped 11 percent in the day’s trade after it received orders worth Rs. 1,001 Crores.
At 11:22 a.m the shares of ITD Cementation India Limited were trading at Rs. 286, up 5.91 percent from its previous day’s close price of Rs. 270.05 and its market capitalization is Rs. 4,904 Crores.
ITD Cementation Limited has secured orders worth Rs. 1,001 Crores for the Civil and hydro-mechanical Works of a 500 MW Hydel Power, Pumped Storage Project in Andhra Pradesh.
ITD Cementation has a global presence with operations in India, Bangladesh, Lao PDR, the Philippines, Vietnam, and Africa etc. As of September 2023, it has an order book worth Rs. 22,080 Crores.
The company’s revenue from operations grew 33.65 percent from Rs. 3,809.02 Crores in FY22 to Rs. 5,090.91 Crores in FY23, accompanied by increasing profits of Rs. 70.8 Crores to Rs. 120.23 Crores.
It has reported a return on equity (ROE) of 10.53 percent and a return on capital employed (ROCE) of 19.36 percent, it is making decent returns on its equity and good returns on its capital employed.
According to the latest shareholding data available for the September 2023 quarter, the Promoters of the company hold 46.64 percent stake, the Foreign Institutional Investors (FII) hold 14.42 percent and the Domestic Institutional Investors hold 3.38 percent.
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.
Written by Bharath KS
