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Last Updated: September 12, 2025, 11:37 am
Author: Getaka|Social: XLinkedIn

ITD Cementation India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹615.48Overvalued by 21.49%vs CMP ₹784.00

P/E (32.9) × ROE (21.8%) × BV (₹107.00) × DY (0.25%)

₹464.20Overvalued by 40.79%vs CMP ₹784.00
MoS: -68.9% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,158.1023%Under (+47.7%)
Graham NumberEarnings₹228.5717%Over (-70.8%)
Earnings PowerEarnings₹72.9111%Over (-90.7%)
DCFCash Flow₹476.6311%Over (-39.2%)
Net Asset ValueAssets₹106.677%Over (-86.4%)
EV/EBITDAEnterprise₹437.579%Over (-44.2%)
Earnings YieldEarnings₹217.007%Over (-72.3%)
ROCE CapitalReturns₹238.349%Over (-69.6%)
Revenue MultipleRevenue₹264.706%Over (-66.2%)
Consensus (9 models)₹464.20100%Overvalued
Key Drivers: EPS CAGR 88.2% lifts DCF — verify sustainability. | Wide model spread (₹73–₹1,158) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 88.2%

*Investments are subject to market risks

Investment Snapshot

67
ITD Cementation India Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health80/100 · Strong
ROCE 27.6% ExcellentROE 21.8% ExcellentD/E 0.43 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -11.78% (6mo) SellingDII holding down 1.53% MF sellingPromoter increased by 20.82% Positive
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +12% YoY GrowingProfit (4Q): +27% YoY Strong
Industry Rank75/100 · Strong
P/E 32.9 vs industry 36.6 In-lineROCE 27.6% vs industry 16.4% Above peers3Y sales CAGR: 34% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

ITD Cementation India Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
10/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 32.9 vs Ind 36.6 | ROCE 27.6% | ROE 21.8% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.43x | IntCov 0.0x | Current 1.19x | Borrow/Reserve 0.53x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹373 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -4.74 pp | DII -5.35 pp | Prom +20.82 pp
Business Momentum
+23
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +2.5% | Q NP +20.2% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-40.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.53xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-4.74 ppLatest FII% minus previous FII%
DII Change-5.35 ppLatest DII% minus previous DII%
Promoter Change+20.82 ppLatest promoter% minus previous promoter%
Shareholder Count Change-9,454Latest shareholder count minus previous count
Quarterly Sales Change+2.5%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+20.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: September 12, 2025, 11:37 am

Market Cap 13,472 Cr.
Current Price 784
Intrinsic Value₹464.20
High / Low 944/468
Stock P/E32.9
Book Value 107
Dividend Yield0.25 %
ROCE27.6 %
ROE21.8 %
Face Value 1.00
PEG Ratio0.37

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

View Share Price Target for ITD Cementation India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
ITD Cementation India Ltd 13,472 Cr. 784 944/46832.9 1070.25 %27.6 %21.8 % 1.00
NCC Ltd 8,701 Cr. 139 242/13011.7 1201.59 %21.7 %11.4 % 2.00
Welspun Enterprises Ltd 6,075 Cr. 439 581/39118.1 1940.68 %18.2 %13.3 % 10.0
NBCC (India) Ltd 22,353 Cr. 82.8 131/75.035.5 9.340.81 %32.1 %24.1 % 1.00
AGI Infra Ltd 3,609 Cr. 289 322/13743.0 27.60.03 %22.0 %25.7 % 1.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of ITD Cementation India Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 1,0981,0351,3271,6311,8331,6102,0172,2582,3811,9912,2452,4802,542
Expenses 1,0089751,2231,4911,6711,4521,8122,0372,1601,8092,0392,2212,310
Operating Profit 9060104140162158205221221182206258233
OPM % 8%6%8%9%9%10%10%10%9%9%9%10%9%
Other Income 123714713141522162381022
Interest 35394051515258575357576250
Depreciation 25283031455356544947455141
Profit before tax 413047657968106130135100112155164
Tax % 27%33%22%42%34%21%26%31%26%28%22%27%16%
Net Profit 30203738525479901007287114137
EPS in Rs 1.751.152.132.203.043.124.565.215.834.195.076.617.99

Last Updated: August 1, 2025, 7:05 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 6:17 am

MetricDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019n n 15mMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 1,5241,6522,8922,9382,0613,1702,8612,7283,8095,0917,7189,097
Expenses 1,3621,5612,7002,7261,7962,8432,5232,5153,5164,6916,9738,229
Operating Profit 16291192212264327338213293400745868
OPM % 11%6%7%7%13%10%12%8%8%8%10%10%
Other Income 34114-10223714-104545636456
Interest 1281361388988124130138142165218229
Depreciation 444337465882137100103114208192
Profit before tax 2427-8599126134602094184383503
Tax % 61%28%-30%48%42%38%27%20%26%32%28%26%
Net Profit 919-59517383441669125274373
EPS in Rs 0.811.25-3.823.284.694.772.510.924.017.2315.9321.70
Dividend Payout % 12%0%0%9%9%8%12%13%11%10%11%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-63.64%331.25%81.16%119.20%36.13%
Change in YoY Net Profit Growth (%)0.00%394.89%-250.09%38.04%-83.07%

ITD Cementation India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:19%
5 Years:26%
3 Years:34%
TTM:12%
Compounded Profit Growth
10 Years:23%
5 Years:38%
3 Years:76%
TTM:27%
Stock Price CAGR
10 Years:25%
5 Years:68%
3 Years:85%
1 Year:34%
Return on Equity
10 Years:12%
5 Years:13%
3 Years:18%
Last Year:22%

Last Updated: September 5, 2025, 7:55 am

Balance Sheet

Last Updated: June 16, 2025, 11:55 am

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 121616161617171717171717
Reserves 3975524935366021,0041,0351,0491,1141,2201,4771,816
Borrowings 770765601356489532539458560766889961
Other Liabilities 6828621,3369731,2821,0441,5331,6691,9253,0133,5343,710
Total Liabilities 1,8602,1952,4451,8812,3882,5973,1253,1923,6165,0175,9176,505
Fixed Assets 2243353493854625296246016558471,0811,074
CWIP 733638755321171021
Investments 00011125519411345542
Other Assets 1,6301,8562,0931,4891,8872,0602,2412,3442,8474,0074,8215,367
Total Assets 1,8602,1952,4451,8812,3882,5973,1253,1923,6165,0175,9176,505

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019n n 15mMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-608.00-674.00-409.00-144.00-225.00327.00-201.00-245.00-267.00-366.00-144.00-93.00

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

No data available for the Financial Efficiency data table.

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters 46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%67.46%
FIIs 12.80%13.30%12.23%13.46%14.42%13.90%17.08%20.00%20.99%17.04%13.95%9.21%
DIIs 8.37%5.64%5.07%4.57%3.38%1.94%1.82%2.44%2.32%2.60%6.14%0.79%
Public 32.20%34.42%36.05%35.34%35.56%37.53%34.46%30.92%30.06%33.72%33.28%22.55%
No. of Shareholders 47,47646,63749,85857,19673,00576,05078,34786,9751,08,9881,07,3171,02,14092,686

Shareholding Pattern Chart

No. of Shareholders

ITD Cementation India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Infrastructure Fund 1,061,720 3.45 28.671,061,7202025-04-22 17:25:300%
Franklin Build India Fund 390,000 0.61 10.53390,0002025-04-22 17:25:300%
Bank of India Multi Cap Fund 333,912 2.61 9.02333,9122025-04-22 17:25:300%
ITI Flexi Cap Fund 237,304 1.37 6.41237,3042025-04-22 17:25:300%
Bank of India Manufacturing & Infrastructure Fund 176,636 2.9 4.77176,6362025-04-22 17:25:300%
Bank of India Large & Mid Cap Equity Fund 139,711 1.51 3.77139,7112025-04-22 17:25:300%
Bank of India Large & Mid Cap Equity Fund - Eco Plan 139,711 1.51 3.77139,7112025-04-22 17:25:300%
Motilal Oswal Nifty Microcap 250 Index Fund 100,776 0.47 2.72100,7762025-04-22 17:25:300%
Groww Nifty Total Market Index Fund 261 0.02 0.012612025-04-22 17:25:300%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 1.001.001.001.001.00
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
EarningsYield 0.040.060.060.010.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fundamental Analysis of ITD Cementation India Ltd

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

ITD Cementation India Ltd. Share Price Update

Share PriceValue
Today₹394.00
Previous Day₹390.65

FAQ

What is the intrinsic value of ITD Cementation India Ltd and is it undervalued?

As of 05 April 2026, ITD Cementation India Ltd's intrinsic value is ₹464.20, which is 40.79% lower than the current market price of ₹784.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.8 %), book value (₹107), dividend yield (0.25 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of ITD Cementation India Ltd?

ITD Cementation India Ltd is trading at ₹784.00 as of 05 April 2026, with a FY2026-2027 high of ₹944 and low of ₹468. The stock is currently in the middle of its 52-week range. Market cap stands at ₹13,472 Cr..

How does ITD Cementation India Ltd's P/E ratio compare to its industry?

ITD Cementation India Ltd has a P/E ratio of 32.9, which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is ITD Cementation India Ltd financially healthy?

Key indicators for ITD Cementation India Ltd: ROCE of 27.6 % indicates efficient capital utilization; ROE of 21.8 % shows strong shareholder returns. Dividend yield is 0.25 %.

Is ITD Cementation India Ltd profitable and how is the profit trend?

ITD Cementation India Ltd reported a net profit of ₹373 Cr in Mar 2025 on revenue of ₹9,097 Cr. Compared to ₹69 Cr in Mar 2022, the net profit shows an improving trend.

Does ITD Cementation India Ltd pay dividends?

ITD Cementation India Ltd has a dividend yield of 0.25 % at the current price of ₹784.00. The company pays dividends, though the yield is modest.

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 ITD Cementation India Ltd. 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
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