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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

ITD Cementation India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:22 am

Market Cap 8,765 Cr.
Current Price 510
High / Low 694/256
Stock P/E25.8
Book Value 95.0
Dividend Yield0.33 %
ROCE27.1 %
ROE19.8 %
Face Value 1.00
PEG Ratio0.78

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 26.4 Cr. 52.9 78.1/16.08.18 70.70.00 %%% 10.0
HB Estate Developers Ltd 198 Cr. 102 125/44.826.6 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 994 Cr. 49.9 63.9/28.411.8 19.50.60 %%% 1.00
Gyan Developers & Builders Ltd 9.11 Cr. 30.4 33.8/7.07 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 57.2 Cr. 120 163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average16,164.50 Cr306.2147.59133.450.14%23.48%27.83%21.38

All Competitor Stocks of

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5537929848268119981,1741,0981,0351,3271,6311,8331,610
Expenses5547218707477619181,0901,0089751,2231,4911,6711,452
Operating Profit-171114785081849060104140162158
OPM %-0%9%12%9%6%8%7%8%6%8%9%9%10%
Other Income6221262361012371471314
Interest33343836363436353940515152
Depreciation27252424272726252830314553
Profit before tax-55346425112632413047657968
Tax %10%12%18%29%-41%24%48%27%33%22%42%34%21%
Net Profit-50305318152017302037385254
EPS in Rs-2.901.753.061.040.871.140.951.751.152.132.203.043.12

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6581,5931,5241,6522,8922,9382,0613,1702,8612,7283,8095,0916,401
Expenses1,4911,4021,3621,5612,7002,7261,7962,8432,5232,5153,5164,6915,838
Operating Profit16719116291192212264327338213293400564
OPM %10%12%11%6%7%7%13%10%12%8%8%8%9%
Other Income101034114-10223714-1045456348
Interest1061191281361388988124130138142165194
Depreciation4251444337465882137100103114158
Profit before tax28312427-8599126134602094184260
Tax %20%29%61%28%30%48%42%38%27%20%26%32%
Net Profit2322919-59517383441669125181
EPS in Rs1.961.910.811.25-3.823.284.694.772.510.924.017.2310.49
Dividend Payout %10%10%12%0%0%9%9%8%12%13%11%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-46.99%-63.64%331.25%81.16%
Change in YoY Net Profit Growth (%)0.00%-16.65%394.89%-250.09%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2019-2020 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:19%
3 Years:41%
TTM:35%
Compounded Profit Growth
10 Years:40%
5 Years:26%
3 Years:170%
TTM:89%
Stock Price CAGR
10 Years:27%
5 Years:62%
3 Years:87%
1 Year:81%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:13%
Last Year:20%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:23 pm

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital12121616161617171717171717
Reserves3893975524935366021,0041,0351,0491,1141,2201,4771,614
Borrowings783770765601356489532539458560766889972
Other Liabilities6076828621,3369731,2821,0441,5331,6691,9253,0133,5343,542
Total Liabilities1,7911,8602,1952,4451,8812,3882,5973,1253,1923,6165,0175,9176,146
Fixed Assets2302243353493854625296246016558471,0811,039
CWIP1473363875532117105
Investments00001112551941134555
Other Assets1,5471,6301,8562,0931,4891,8872,0602,2412,3442,8474,0074,8215,097
Total Assets1,7911,8602,1952,4451,8812,3882,5973,1253,1923,6165,0175,9176,146

Reserves and Borrowings Chart

Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +151874446532668-134447191339471704
Cash from Investing Activity +-37-49-38-104-20-157-133-87-51-25-438-419
Cash from Financing Activity +18-147-4-302-22240244-212-250-5628-123
Net Cash Flow-3-915983-49-24147-11025861162

Free Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow167.00-592.00-608.00-674.00-409.00-144.00-225.00-205.00-201.00-245.00-267.00-366.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days839691392742507571607757
Inventory Days5906806415306192759914411811986
Days Payable181211236340340363171225311276275206
Cash Conversion Cycle492566496229-252-229-45-51-96-99-78-63
Working Capital Days158160159370379038482369
ROCE %14%13%5%14%19%24%20%15%10%14%19%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%
FIIs10.35%10.67%10.50%10.47%12.80%13.30%12.23%13.46%14.42%13.90%17.08%20.00%
DIIs15.26%13.02%12.31%11.62%8.37%5.64%5.07%4.57%3.38%1.94%1.82%2.44%
Public27.75%29.68%30.55%31.27%32.20%34.42%36.05%35.34%35.56%37.53%34.46%30.92%
No. of Shareholders56,36149,00355,39055,36047,47646,63749,85857,19673,00576,05078,34786,975

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Infrastructure Fund1,061,7203.4528.67176,6362024-12-17501.08%
Franklin Build India Fund390,0000.6110.53176,6362024-12-17120.79%
Bank of India Multi Cap Fund333,9122.619.02176,6362024-12-1789.04%
ITI Flexi Cap Fund237,3041.376.41176,6362024-12-1734.35%
Bank of India Manufacturing & Infrastructure Fund176,6362.94.77176,6362024-12-170%
Bank of India Large & Mid Cap Equity Fund139,7111.513.77176,6362024-12-17-20.9%
Bank of India Large & Mid Cap Equity Fund - Eco Plan139,7111.513.77176,6362024-12-17-20.9%
Motilal Oswal Nifty Microcap 250 Index Fund100,7760.472.72176,6362024-12-17-42.95%
Groww Nifty Total Market Index Fund2610.020.01176,6362024-12-17-99.85%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)15.937.234.010.922.51
Diluted EPS (Rs.)15.937.234.010.922.51
Cash EPS (Rs.)27.1411.878.094.846.54
Book Value[Excl.RevalReserv]/Share (Rs.)87.2172.2766.0562.2161.43
Book Value[Incl.RevalReserv]/Share (Rs.)87.2172.2766.0562.2161.43
Revenue From Operations / Share (Rs.)449.27296.35221.73158.78166.53
PBDIT / Share (Rs.)46.1724.9417.7513.1217.47
PBIT / Share (Rs.)34.0718.3411.787.2911.86
PBT / Share (Rs.)21.388.713.54-0.751.88
Net Profit / Share (Rs.)15.045.272.12-0.990.92
NP After MI And SOA / Share (Rs.)15.937.234.010.912.51
PBDIT Margin (%)10.278.418.008.2610.49
PBIT Margin (%)7.586.185.314.587.11
PBT Margin (%)4.752.931.59-0.471.12
Net Profit Margin (%)3.341.770.95-0.620.55
NP After MI And SOA Margin (%)3.542.441.800.571.50
Return on Networth / Equity (%)18.3210.036.081.474.10
Return on Capital Employeed (%)34.3321.3015.6710.2117.59
Return On Assets (%)4.622.471.900.491.38
Long Term Debt / Equity (X)0.080.130.070.080.01
Total Debt / Equity (X)0.570.580.450.330.43
Asset Turnover Ratio (%)1.411.180.990.730.81
Current Ratio (X)1.081.041.131.121.19
Quick Ratio (X)0.910.870.950.941.04
Inventory Turnover Ratio (X)0.000.003.182.273.31
Dividend Payout Ratio (NP) (%)4.706.222.9932.7019.19
Dividend Payout Ratio (CP) (%)2.673.251.204.445.93
Earning Retention Ratio (%)95.3093.7897.0167.3080.81
Cash Earning Retention Ratio (%)97.3396.7598.8095.5694.07
Interest Coverage Ratio (X)3.642.592.151.632.30
Interest Coverage Ratio (Post Tax) (X)2.191.551.260.871.44
Enterprise Value (Cr.)5711.901896.901109.381487.24691.45
EV / Net Operating Revenue (X)0.740.370.290.540.24
EV / EBITDA (X)7.204.433.646.602.30
MarketCap / Net Operating Revenue (X)0.740.350.280.480.17
Retention Ratios (%)95.2993.7797.0067.2980.80
Price / BV (X)3.841.450.951.250.48
Price / Net Operating Revenue (X)0.740.350.280.480.17
EarningsYield0.040.060.060.010.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 486.90

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 4.53% compared to the current share price 510.00

Intrinsic Value of as of December 21, 2024 is: 648.13

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 27.08% compared to the current share price 510.00

Last 5 Year EPS CAGR: 33.11%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.17%, which is a positive sign.
  2. The company has higher reserves (883.23 cr) compared to borrowings (652.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.38 cr) and profit (77.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 63.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 72.50, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 3.34%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 34.33% (Industry Average ROCE: 23.48%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.32% (Industry Average ROE: 27.83%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.19
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.91
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 25.8 (Industry average Stock P/E: 47.59)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.57
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

ITD Cementation India Ltd. is a Public Limited Listed company incorporated on 24/06/1978 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L61000MH1978PLC020435 and registration number is 020435. Currently Company is involved in the business activities of Construction of other civil engineering projects. Company’s Total Operating Revenue is Rs. 3249.53 Cr. and Equity Capital is Rs. 17.18 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering9th Floor, Prima Bay, Tower - B, Gate No. 5, Saki Vihar Road, Mumbai Maharashtra 400072investors.relation@itdcem.co.in
http://www.itdcem.co.in
Management
NamePosition Held
Mr. Piyachai KarnasutaChairman
Mr. Santi JongkongkaExecutive Vice Chairman
Mr. Jayanta BasuManaging Director
Mr. Sunil Shah SinghIndependent Director
Mr. Pankaj I C JainIndependent Director
Mr. Jana ChatraIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹486.90, which is 4.53% lower than the current market price of ₹510.00. The stock has a market capitalization of 8,765 Cr. and recorded a high/low of 694/256 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,614 Cr and total liabilities of ₹6,146 Cr.

What is the Market Cap of ?

The Market Cap of is 8,765 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 510.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 694/256.

What is the Stock P/E of ?

The Stock P/E of is 25.8.

What is the Book Value of ?

The Book Value of is 95.0.

What is the Dividend Yield of ?

The Dividend Yield of is 0.33 %.

What is the ROCE of ?

The ROCE of is 27.1 %.

What is the ROE of ?

The ROE of is 19.8 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE