ITD Cementation India Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:43 pm

Market Cap	9,192 Cr.
Current Price	535
High / Low	694/256
Stock P/E	26.4
Book Value	95.0
Dividend Yield	0.32 %
ROCE	27.1 %
ROE	19.8 %
Face Value	1.00
PEG Ratio	0.31

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for ITD Cementation India Ltd

Competitors of ITD Cementation India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Modern Engineering and Projects Ltd	50.7 Cr.	32.8	87.3/26.8		32.5	0.00 %	98.7 %	%	10.0
Modis Navnirman Ltd	456 Cr.	233	311/220	54.3	50.0	0.00 %	13.9 %	11.4 %	10.0
Modulex Construction Technologies Ltd	165 Cr.	23.9	35.7/7.72	29.4	42.6	0.00 %	1.85 %	2.57 %	10.0
MPDL Ltd	37.7 Cr.	50.9	92.7/31.4		136	0.00 %	3.39 %	6.29 %	10.0
IITL Projects Ltd	31.8 Cr.	63.6	78.1/34.4	1,058	70.7	0.00 %	%	%	10.0
Industry Average	14,110.79 Cr	230.25		53.51	124.55	0.17%	23.71%	26.89%	21.15

All Competitor Stocks of ITD Cementation India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	998	1,174	1,098	1,035	1,327	1,631	1,833	1,610	2,017	2,258	2,381	1,991	2,245
Expenses	918	1,090	1,008	975	1,223	1,491	1,671	1,452	1,812	2,037	2,160	1,809	2,039
Operating Profit	81	84	90	60	104	140	162	158	205	221	221	182	206
OPM %	8%	7%	8%	6%	8%	9%	9%	10%	10%	10%	9%	9%	9%
Other Income	6	10	12	37	14	7	13	14	15	22	16	23	8
Interest	34	36	35	39	40	51	51	52	58	57	53	57	57
Depreciation	27	26	25	28	30	31	45	53	56	54	49	47	45
Profit before tax	26	32	41	30	47	65	79	68	106	130	135	100	112
Tax %	24%	48%	27%	33%	22%	42%	34%	21%	26%	31%	26%	28%	22%
Net Profit	20	17	30	20	37	38	52	54	79	90	100	72	87
EPS in Rs	1.14	0.95	1.75	1.15	2.13	2.20	3.04	3.12	4.56	5.21	5.83	4.19	5.07

Last Updated: February 28, 2025, 7:10 pm

Below is a detailed analysis of the quarterly data for ITD Cementation India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹2,245.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,991.00 Cr. (Sep 2024) to ₹2,245.00 Cr., marking an increase of ₹254.00 Cr..
For Expenses, as of Dec 2024, the value is ₹2,039.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,809.00 Cr. (Sep 2024) to ₹2,039.00 Cr., marking an increase of ₹230.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹206.00 Cr.. The value appears strong and on an upward trend. It has increased from 182.00 Cr. (Sep 2024) to ₹206.00 Cr., marking an increase of ₹24.00 Cr..
For OPM %, as of Dec 2024, the value is 9.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 9.00%.
For Other Income, as of Dec 2024, the value is ₹8.00 Cr.. The value appears to be declining and may need further review. It has decreased from 23.00 Cr. (Sep 2024) to ₹8.00 Cr., marking a decrease of 15.00 Cr..
For Interest, as of Dec 2024, the value is ₹57.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 57.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹45.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 47.00 Cr. (Sep 2024) to ₹45.00 Cr., marking a decrease of 2.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹112.00 Cr.. The value appears strong and on an upward trend. It has increased from 100.00 Cr. (Sep 2024) to ₹112.00 Cr., marking an increase of ₹12.00 Cr..
For Tax %, as of Dec 2024, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 28.00% (Sep 2024) to 22.00%, marking a decrease of 6.00%.
For Net Profit, as of Dec 2024, the value is ₹87.00 Cr.. The value appears strong and on an upward trend. It has increased from 72.00 Cr. (Sep 2024) to ₹87.00 Cr., marking an increase of ₹15.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 5.07. The value appears strong and on an upward trend. It has increased from ₹4.19 (Sep 2024) to 5.07, marking an increase of ₹0.88.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:52 pm

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019n n 15m	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,593	1,524	1,652	2,892	2,938	2,061	3,170	2,861	2,728	3,809	5,091	7,718	8,875
Expenses	1,402	1,362	1,561	2,700	2,726	1,796	2,843	2,523	2,515	3,516	4,691	6,973	8,045
Operating Profit	191	162	91	192	212	264	327	338	213	293	400	745	830
OPM %	12%	11%	6%	7%	7%	13%	10%	12%	8%	8%	8%	10%	9%
Other Income	10	34	114	-102	23	7	14	-10	45	45	63	64	68
Interest	119	128	136	138	89	88	124	130	138	142	165	218	224
Depreciation	51	44	43	37	46	58	82	137	100	103	114	208	195
Profit before tax	31	24	27	-85	99	126	134	60	20	94	184	383	478
Tax %	29%	61%	28%	-30%	48%	42%	38%	27%	20%	26%	32%	28%
Net Profit	22	9	19	-59	51	73	83	44	16	69	125	274	349
EPS in Rs	1.91	0.81	1.25	-3.82	3.28	4.69	4.77	2.51	0.92	4.01	7.23	15.93	20.30
Dividend Payout %	10%	12%	0%	0%	9%	9%	8%	12%	13%	11%	10%	11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-63.64%	331.25%	81.16%	119.20%
Change in YoY Net Profit Growth (%)	0.00%	394.89%	-250.09%	38.04%

ITD Cementation India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2020-2021 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	18%
5 Years:	19%
3 Years:	41%
TTM:	25%

Compounded Profit Growth
10 Years:	40%
5 Years:	26%
3 Years:	170%
TTM:	57%

Stock Price CAGR
10 Years:	22%
5 Years:	62%
3 Years:	104%
1 Year:	56%

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

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12	12	16	16	16	16	17	17	17	17	17	17	17
Reserves	389	397	552	493	536	602	1,004	1,035	1,049	1,114	1,220	1,477	1,614
Borrowings	783	770	765	601	356	489	532	539	458	560	766	889	972
Other Liabilities	607	682	862	1,336	973	1,282	1,044	1,533	1,669	1,925	3,013	3,534	3,542
Total Liabilities	1,791	1,860	2,195	2,445	1,881	2,388	2,597	3,125	3,192	3,616	5,017	5,917	6,146
Fixed Assets	230	224	335	349	385	462	529	624	601	655	847	1,081	1,039
CWIP	14	7	3	3	6	38	7	5	53	2	117	10	5
Investments	0	0	0	0	1	1	1	255	194	113	45	5	5
Other Assets	1,547	1,630	1,856	2,093	1,489	1,887	2,060	2,241	2,344	2,847	4,007	4,821	5,097
Total Assets	1,791	1,860	2,195	2,445	1,881	2,388	2,597	3,125	3,192	3,616	5,017	5,917	6,146

Below is a detailed analysis of the balance sheet data for ITD Cementation India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹17.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹17.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,614.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,477.00 Cr. (Mar 2024) to ₹1,614.00 Cr., marking an increase of 137.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹972.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹889.00 Cr. (Mar 2024) to ₹972.00 Cr., marking an increase of 83.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹3,542.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹3,534.00 Cr. (Mar 2024) to ₹3,542.00 Cr., marking an increase of 8.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹6,146.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹5,917.00 Cr. (Mar 2024) to ₹6,146.00 Cr., marking an increase of 229.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,039.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,081.00 Cr. (Mar 2024) to ₹1,039.00 Cr., marking a decrease of 42.00 Cr..
For CWIP, as of Sep 2024, the value is ₹5.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹10.00 Cr. (Mar 2024) to ₹5.00 Cr., marking a decrease of 5.00 Cr..
For Investments, as of Sep 2024, the value is ₹5.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹5.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹5,097.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹4,821.00 Cr. (Mar 2024) to ₹5,097.00 Cr., marking an increase of 276.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹6,146.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5,917.00 Cr. (Mar 2024) to ₹6,146.00 Cr., marking an increase of 229.00 Cr..

Notably, the Reserves (₹1,614.00 Cr.) exceed the Borrowings (972.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	15	187	44	465	326	68	-134	447	191	339	471	704
Cash from Investing Activity +	-37	-49	-38	-104	-20	-157	-133	-87	-51	-25	-438	-419
Cash from Financing Activity +	18	-147	-4	-302	-222	40	244	-212	-250	-56	28	-123
Net Cash Flow	-3	-9	1	59	83	-49	-24	147	-110	258	61	162

Free Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019n n 15m	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-592.00	-608.00	-674.00	-409.00	-144.00	-225.00	327.00	-201.00	-245.00	-267.00	-366.00	-144.00

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

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	83	96	91	39	27	42	50	75	71	60	77	57
Inventory Days	590	680	641	530	61	92	75	99	144	118	119	86
Days Payable	181	211	236	340	340	363	171	225	311	276	275	206
Cash Conversion Cycle	492	566	496	229	-252	-229	-45	-51	-96	-99	-78	-63
Working Capital Days	158	160	159	37	0	37	90	38	48	23	6	9
ROCE %	14%	13%	5%	14%	19%	24%	20%	15%	10%	14%	19%	27%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%
FIIs	10.50%	10.47%	12.80%	13.30%	12.23%	13.46%	14.42%	13.90%	17.08%	20.00%	20.99%	17.04%
DIIs	12.31%	11.62%	8.37%	5.64%	5.07%	4.57%	3.38%	1.94%	1.82%	2.44%	2.32%	2.60%
Public	30.55%	31.27%	32.20%	34.42%	36.05%	35.34%	35.56%	37.53%	34.46%	30.92%	30.06%	33.72%
No. of Shareholders	55,390	55,360	47,476	46,637	49,858	57,196	73,005	76,050	78,347	86,975	1,08,988	1,07,317

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Bandhan Infrastructure Fund	1,061,720	3.45	28.67	261	2025-03-07	406689.27%
Franklin Build India Fund	390,000	0.61	10.53	261	2025-03-07	149325.29%
Bank of India Multi Cap Fund	333,912	2.61	9.02	261	2025-03-07	127835.63%
ITI Flexi Cap Fund	237,304	1.37	6.41	261	2025-03-07	90821.07%
Bank of India Manufacturing & Infrastructure Fund	176,636	2.9	4.77	261	2025-03-07	67576.63%
Bank of India Large & Mid Cap Equity Fund	139,711	1.51	3.77	261	2025-03-07	53429.12%
Bank of India Large & Mid Cap Equity Fund - Eco Plan	139,711	1.51	3.77	261	2025-03-07	53429.12%
Motilal Oswal Nifty Microcap 250 Index Fund	100,776	0.47	2.72	261	2025-03-07	38511.49%
Groww Nifty Total Market Index Fund	261	0.02	0.01	261	2025-03-07	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	15.93	7.23	4.01	0.92	2.51
Diluted EPS (Rs.)	15.93	7.23	4.01	0.92	2.51
Cash EPS (Rs.)	27.14	11.87	8.09	4.84	6.54
Book Value[Excl.RevalReserv]/Share (Rs.)	87.21	72.27	66.05	62.21	61.43
Book Value[Incl.RevalReserv]/Share (Rs.)	87.21	72.27	66.05	62.21	61.43
Revenue From Operations / Share (Rs.)	449.27	296.35	221.73	158.78	166.53
PBDIT / Share (Rs.)	46.17	24.94	17.75	13.12	17.47
PBIT / Share (Rs.)	34.07	18.34	11.78	7.29	11.86
PBT / Share (Rs.)	21.38	8.71	3.54	-0.75	1.88
Net Profit / Share (Rs.)	15.04	5.27	2.12	-0.99	0.92
NP After MI And SOA / Share (Rs.)	15.93	7.23	4.01	0.91	2.51
PBDIT Margin (%)	10.27	8.41	8.00	8.26	10.49
PBIT Margin (%)	7.58	6.18	5.31	4.58	7.11
PBT Margin (%)	4.75	2.93	1.59	-0.47	1.12
Net Profit Margin (%)	3.34	1.77	0.95	-0.62	0.55
NP After MI And SOA Margin (%)	3.54	2.44	1.80	0.57	1.50
Return on Networth / Equity (%)	18.32	10.03	6.08	1.47	4.10
Return on Capital Employeed (%)	34.33	21.30	15.67	10.21	17.59
Return On Assets (%)	4.62	2.47	1.90	0.49	1.38
Long Term Debt / Equity (X)	0.08	0.13	0.07	0.08	0.01
Total Debt / Equity (X)	0.57	0.58	0.45	0.33	0.43
Asset Turnover Ratio (%)	1.41	1.18	0.99	0.73	0.81
Current Ratio (X)	1.08	1.04	1.13	1.12	1.19
Quick Ratio (X)	0.91	0.87	0.95	0.94	1.04
Inventory Turnover Ratio (X)	0.00	0.00	3.18	2.27	3.31
Dividend Payout Ratio (NP) (%)	4.70	6.22	2.99	32.70	19.19
Dividend Payout Ratio (CP) (%)	2.67	3.25	1.20	4.44	5.93
Earning Retention Ratio (%)	95.30	93.78	97.01	67.30	80.81
Cash Earning Retention Ratio (%)	97.33	96.75	98.80	95.56	94.07
Interest Coverage Ratio (X)	3.64	2.59	2.15	1.63	2.30
Interest Coverage Ratio (Post Tax) (X)	2.19	1.55	1.26	0.87	1.44
Enterprise Value (Cr.)	5711.90	1896.90	1109.38	1487.24	691.45
EV / Net Operating Revenue (X)	0.74	0.37	0.29	0.54	0.24
EV / EBITDA (X)	7.20	4.43	3.64	6.60	2.30
MarketCap / Net Operating Revenue (X)	0.74	0.35	0.28	0.48	0.17
Retention Ratios (%)	95.29	93.77	97.00	67.29	80.80
Price / BV (X)	3.84	1.45	0.95	1.25	0.48
Price / Net Operating Revenue (X)	0.74	0.35	0.28	0.48	0.17
EarningsYield	0.04	0.06	0.06	0.01	0.08

After reviewing the key financial ratios for ITD Cementation India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 15.93. This value is within the healthy range. It has increased from 7.23 (Mar 23) to 15.93, marking an increase of 8.70.
For Diluted EPS (Rs.), as of Mar 24, the value is 15.93. This value is within the healthy range. It has increased from 7.23 (Mar 23) to 15.93, marking an increase of 8.70.
For Cash EPS (Rs.), as of Mar 24, the value is 27.14. This value is within the healthy range. It has increased from 11.87 (Mar 23) to 27.14, marking an increase of 15.27.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 87.21. It has increased from 72.27 (Mar 23) to 87.21, marking an increase of 14.94.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 87.21. It has increased from 72.27 (Mar 23) to 87.21, marking an increase of 14.94.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 449.27. It has increased from 296.35 (Mar 23) to 449.27, marking an increase of 152.92.
For PBDIT / Share (Rs.), as of Mar 24, the value is 46.17. This value is within the healthy range. It has increased from 24.94 (Mar 23) to 46.17, marking an increase of 21.23.
For PBIT / Share (Rs.), as of Mar 24, the value is 34.07. This value is within the healthy range. It has increased from 18.34 (Mar 23) to 34.07, marking an increase of 15.73.
For PBT / Share (Rs.), as of Mar 24, the value is 21.38. This value is within the healthy range. It has increased from 8.71 (Mar 23) to 21.38, marking an increase of 12.67.
For Net Profit / Share (Rs.), as of Mar 24, the value is 15.04. This value is within the healthy range. It has increased from 5.27 (Mar 23) to 15.04, marking an increase of 9.77.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 15.93. This value is within the healthy range. It has increased from 7.23 (Mar 23) to 15.93, marking an increase of 8.70.
For PBDIT Margin (%), as of Mar 24, the value is 10.27. This value is within the healthy range. It has increased from 8.41 (Mar 23) to 10.27, marking an increase of 1.86.
For PBIT Margin (%), as of Mar 24, the value is 7.58. This value is below the healthy minimum of 10. It has increased from 6.18 (Mar 23) to 7.58, marking an increase of 1.40.
For PBT Margin (%), as of Mar 24, the value is 4.75. This value is below the healthy minimum of 10. It has increased from 2.93 (Mar 23) to 4.75, marking an increase of 1.82.
For Net Profit Margin (%), as of Mar 24, the value is 3.34. This value is below the healthy minimum of 5. It has increased from 1.77 (Mar 23) to 3.34, marking an increase of 1.57.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 3.54. This value is below the healthy minimum of 8. It has increased from 2.44 (Mar 23) to 3.54, marking an increase of 1.10.
For Return on Networth / Equity (%), as of Mar 24, the value is 18.32. This value is within the healthy range. It has increased from 10.03 (Mar 23) to 18.32, marking an increase of 8.29.
For Return on Capital Employeed (%), as of Mar 24, the value is 34.33. This value is within the healthy range. It has increased from 21.30 (Mar 23) to 34.33, marking an increase of 13.03.
For Return On Assets (%), as of Mar 24, the value is 4.62. This value is below the healthy minimum of 5. It has increased from 2.47 (Mar 23) to 4.62, marking an increase of 2.15.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.08. This value is below the healthy minimum of 0.2. It has decreased from 0.13 (Mar 23) to 0.08, marking a decrease of 0.05.
For Total Debt / Equity (X), as of Mar 24, the value is 0.57. This value is within the healthy range. It has decreased from 0.58 (Mar 23) to 0.57, marking a decrease of 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.41. It has increased from 1.18 (Mar 23) to 1.41, marking an increase of 0.23.
For Current Ratio (X), as of Mar 24, the value is 1.08. This value is below the healthy minimum of 1.5. It has increased from 1.04 (Mar 23) to 1.08, marking an increase of 0.04.
For Quick Ratio (X), as of Mar 24, the value is 0.91. This value is below the healthy minimum of 1. It has increased from 0.87 (Mar 23) to 0.91, marking an increase of 0.04.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 4. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 4.70. This value is below the healthy minimum of 20. It has decreased from 6.22 (Mar 23) to 4.70, marking a decrease of 1.52.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 2.67. This value is below the healthy minimum of 20. It has decreased from 3.25 (Mar 23) to 2.67, marking a decrease of 0.58.
For Earning Retention Ratio (%), as of Mar 24, the value is 95.30. This value exceeds the healthy maximum of 70. It has increased from 93.78 (Mar 23) to 95.30, marking an increase of 1.52.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 97.33. This value exceeds the healthy maximum of 70. It has increased from 96.75 (Mar 23) to 97.33, marking an increase of 0.58.
For Interest Coverage Ratio (X), as of Mar 24, the value is 3.64. This value is within the healthy range. It has increased from 2.59 (Mar 23) to 3.64, marking an increase of 1.05.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.19. This value is below the healthy minimum of 3. It has increased from 1.55 (Mar 23) to 2.19, marking an increase of 0.64.
For Enterprise Value (Cr.), as of Mar 24, the value is 5,711.90. It has increased from 1,896.90 (Mar 23) to 5,711.90, marking an increase of 3,815.00.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1. It has increased from 0.37 (Mar 23) to 0.74, marking an increase of 0.37.
For EV / EBITDA (X), as of Mar 24, the value is 7.20. This value is within the healthy range. It has increased from 4.43 (Mar 23) to 7.20, marking an increase of 2.77.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1. It has increased from 0.35 (Mar 23) to 0.74, marking an increase of 0.39.
For Retention Ratios (%), as of Mar 24, the value is 95.29. This value exceeds the healthy maximum of 70. It has increased from 93.77 (Mar 23) to 95.29, marking an increase of 1.52.
For Price / BV (X), as of Mar 24, the value is 3.84. This value exceeds the healthy maximum of 3. It has increased from 1.45 (Mar 23) to 3.84, marking an increase of 2.39.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1. It has increased from 0.35 (Mar 23) to 0.74, marking an increase of 0.39.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.06 (Mar 23) to 0.04, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of ITD Cementation India Ltd as of March 10, 2025 is: ₹398.54

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 March 10, 2025, ITD Cementation India Ltd is Overvalued by 25.51% compared to the current share price 535.00

Intrinsic Value of ITD Cementation India Ltd as of March 10, 2025 is: 739.97

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 March 10, 2025, ITD Cementation India Ltd is Undervalued by 38.31% compared to the current share price 535.00

Last 5 Year EPS CAGR: 85.67%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.17%, which is a positive sign. The company has higher reserves (883.23 cr) compared to borrowings (652.31 cr), indicating strong financial stability. The company has shown consistent growth in sales (3.00 cr) and profit (121.15 cr) over the years.	The stock has a high average Working Capital Days of 63.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 72.50, which may not be favorable.

Stock Analysis

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 ITD Cementation India Ltd:
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: 23.71%)
  - 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: 26.89%)
  - 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: 26.4 (Industry average Stock P/E: 53.51)
  - 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. 7542.11 Cr. and Equity Capital is Rs. 17.18 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	9th Floor, Prima Bay, Tower - B, Gate No. 5, Saki Vihar Road, Mumbai Maharashtra 400072	investors.relation@itdcem.co.in http://www.itdcem.co.in

Management
Name	Position Held
Mr. Piyachai Karnasuta	Chairman
Mr. Santi Jongkongka	Executive Vice Chairman
Mr. Jayanta Basu	Managing Director
Mr. Sunil Shah Singh	Independent Director
Mr. Pankaj I C Jain	Independent Director
Mr. Jana Chatra	Independent Director

FAQ

What is the latest intrinsic value of ITD Cementation India Ltd?

The latest intrinsic value of ITD Cementation India Ltd as on 10 March 2025 is ₹398.54, which is 25.51% lower than the current market price of 535.00, indicating the stock is overvalued by 25.51%. The intrinsic value of ITD Cementation India Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹9,192 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 ITD Cementation India Ltd?

The Market Cap of ITD Cementation India Ltd is 9,192 Cr..

What is the current Stock Price of ITD Cementation India Ltd as on 10 March 2025?

The current stock price of ITD Cementation India Ltd as on 10 March 2025 is ₹535.

What is the High / Low of ITD Cementation India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of ITD Cementation India Ltd stocks is ₹694/256.

What is the Stock P/E of ITD Cementation India Ltd?

The Stock P/E of ITD Cementation India Ltd is 26.4.

What is the Book Value of ITD Cementation India Ltd?

The Book Value of ITD Cementation India Ltd is 95.0.

What is the Dividend Yield of ITD Cementation India Ltd?

The Dividend Yield of ITD Cementation India Ltd is 0.32 %.

What is the ROCE of ITD Cementation India Ltd?

The ROCE of ITD Cementation India Ltd is 27.1 %.

What is the ROE of ITD Cementation India Ltd?

The ROE of ITD Cementation India Ltd is 19.8 %.

What is the Face Value of ITD Cementation India Ltd?

The Face Value of ITD Cementation India Ltd is 1.00.