The shares of the leading construction company fell up to 7.4 percent after the company entered into a share purchase agreement with Renew Exim DMCC.
With a market capitalization of Rs 8,654.66 crore, the shares of ITD Cementation India Ltd were trading at Rs 503.80 per share, increasing around 6 percent as compared to the previous closing price of Rs 532.80 apiece.
Reason for fall:-
Today the shares of the company have seen a bearish movement after ITD Cementation India Ltd entered into a share purchase agreement with Renew Exim DMCC for the sale of 8,01,13,180 Equity Shares, representing 46.64% of the paid-up equity share capital of the company, to the Purchaser at a price of Rs 400 per sale share.
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.
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.
Remarkable return:-
The shares have given a return of 33.58 percent in one year and a multi-bagger return of 150.29 percent in years. If an individual invested Rs 1 lakh a year ago, it would now be worth Rs 2.50 lakh.
Company Overview:-
ITD Cementation India Limited is engaged in marine structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams and irrigation, highways, bridges and flyovers, industrial buildings and structures, and foundation and specialist engineering.
Written by:- Abhishek Singh
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