Fundamental Analysis of ITD Cementation India Ltd

About the Company - 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.

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

Basic Stock Data of ITD Cementation India Ltd

Last Updated: July 26, 2024, 10:29 pm

Market Cap	8,673 Cr.
Current Price	504
High / Low	590/175
Stock P/E	31.7
Book Value	87.0
Dividend Yield	0.34 %
ROCE	27.5 %
ROE	20.0 %
Face Value	1.00
PEG Ratio	0.96

Data Source: screener.in

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
East Buildtech Ltd	5.91 Cr.	31.5	31.5/23.0		34.2	0.00 %	0.99 %	0.00 %	10.0
Dugar Housing Developments Ltd	0.37 Cr.	12.3	12.3/6.30		30.0	0.00 %	%	%	10.0
Diamant Infrastructure Ltd	4.47 Cr.	1.27	1.28/0.58		3.10	0.00 %	0.27 %	1.19 %	2.00
Darjeeling Ropeway Company Ltd	2.35 Cr.	7.70	8.10/3.10		16.5	0.00 %	0.56 %	0.81 %	10.0
Croissance Ltd	27.5 Cr.	4.01	7.45/3.28	393	0.11	0.00 %	1.11 %	0.90 %	1.00
Industry Average	26,429.67 Cr	298.03		41.49	156.18	0.13%	15.88%	17.65%	30.98

ITD Cementation India Ltd Quarterly Results

Month	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	553	792	984	826	811	998	1,174	1,098	1,035	1,327	1,631	1,833	1,610
Expenses	554	721	870	747	761	918	1,090	1,008	975	1,223	1,491	1,671	1,452
Operating Profit	-1	71	114	78	50	81	84	90	60	104	140	162	158
OPM %	-0%	9%	12%	9%	6%	8%	7%	8%	6%	8%	9%	9%	10%
Other Income	6	22	12	6	23	6	10	12	37	14	7	13	14
Interest	33	34	38	36	36	34	36	35	39	40	51	51	52
Depreciation	27	25	24	24	27	27	26	25	28	30	31	45	53
Profit before tax	-55	34	64	25	11	26	32	41	30	47	65	79	68
Tax %	10%	12%	18%	29%	-41%	24%	48%	27%	33%	22%	42%	34%	21%
Net Profit	-50	30	53	18	15	20	17	30	20	37	38	52	54
EPS in Rs	-2.90	1.75	3.06	1.04	0.87	1.14	0.95	1.75	1.15	2.13	2.20	3.04	3.12

Last Updated: July 10, 2024, 6:30 pm

ITD Cementation India Ltd Quarterly Chart

ITD Cementation India Ltd Profit & Loss

Last Updated: July 10, 2024, 6:30 pm

Month	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,658	1,593	1,524	1,652	2,892	2,938	2,061	3,170	2,861	2,728	3,809	5,091	6,401
Expenses	1,491	1,402	1,362	1,561	2,700	2,726	1,796	2,843	2,523	2,515	3,516	4,691	5,838
Operating Profit	167	191	162	91	192	212	264	327	338	213	293	400	564
OPM %	10%	12%	11%	6%	7%	7%	13%	10%	12%	8%	8%	8%	9%
Other Income	10	10	34	114	-102	23	7	14	-10	45	45	63	48
Interest	106	119	128	136	138	89	88	124	130	138	142	165	194
Depreciation	42	51	44	43	37	46	58	82	137	100	103	114	158
Profit before tax	28	31	24	27	-85	99	126	134	60	20	94	184	260
Tax %	20%	29%	61%	28%	30%	48%	42%	38%	27%	20%	26%	32%
Net Profit	23	22	9	19	-59	51	73	83	44	16	69	125	181
EPS in Rs	1.96	1.91	0.81	1.25	-3.82	3.28	4.69	4.77	2.51	0.92	4.01	7.23	10.49
Dividend Payout %	10%	10%	12%	0%	0%	9%	9%	8%	12%	13%	11%	10%

ITD Cementation India Ltd Profit & Loss Yearly Chart

ITD Cementation India Ltd Growth

Compounded Sales Growth
10 Years:	18%
5 Years:	19%
3 Years:	41%
TTM:	52%

Compounded Profit Growth
10 Years:	40%
5 Years:	27%
3 Years:	172%
TTM:	121%

Stock Price CAGR
10 Years:	30%
5 Years:	43%
3 Years:	80%
1 Year:	181%

Return on Equity
10 Years:	9%
5 Years:	10%
3 Years:	13%
Last Year:	20%

Last Updated: July 25, 2024, 4:35 am

ITD Cementation India Ltd Balance Sheet

Last Updated: July 10, 2024, 6:30 pm

Month	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	12	12	12	16	16	16	16	17	17	17	17	17	17
Reserves	370	389	397	552	493	536	602	1,004	1,035	1,049	1,114	1,220	1,308
Borrowings	651	783	770	765	601	356	489	532	539	458	560	766	761
Other Liabilities	689	607	682	862	1,336	973	1,282	1,044	1,533	1,669	1,925	3,013	3,320
Total Liabilities	1,721	1,791	1,860	2,195	2,445	1,881	2,388	2,597	3,125	3,192	3,616	5,017	5,406
Fixed Assets	229	230	224	335	349	385	462	529	624	601	655	847	998
CWIP	24	14	7	3	3	6	38	7	5	53	2	117	133
Investments	0	0	0	0	0	1	1	1	255	194	113	45	5
Other Assets	1,469	1,547	1,630	1,856	2,093	1,489	1,887	2,060	2,241	2,344	2,847	4,007	4,271
Total Assets	1,721	1,791	1,860	2,195	2,445	1,881	2,388	2,597	3,125	3,192	3,616	5,017	5,406

ITD Cementation India Ltd Reserves and Borrowings Chart

ITD Cementation India Ltd 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

ITD Cementation India Ltd 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%

ITD Cementation India Ltd Financial Efficiency Indicators Chart

ITD Cementation India Ltd Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 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	10.35%	10.67%	10.50%	10.47%	12.80%	13.30%	12.23%	13.46%	14.42%	13.90%	17.08%	20.00%
DIIs	15.26%	13.02%	12.31%	11.62%	8.37%	5.64%	5.07%	4.57%	3.38%	1.94%	1.82%	2.44%
Public	27.75%	29.68%	30.55%	31.27%	32.20%	34.42%	36.05%	35.34%	35.56%	37.53%	34.46%	30.92%
No. of Shareholders	56,361	49,003	55,390	55,360	47,476	46,637	49,858	57,196	73,005	76,050	78,347	86,975

ITD Cementation India Ltd Shareholding Pattern Chart

No. of ITD Cementation India Ltd Shareholders

ITD Cementation India Ltd 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	333,912	2024-07-25	217.96%
Franklin Build India Fund	390,000	0.61	10.53	333,912	2024-07-25	16.8%
Bank of India Multi Cap Fund	333,912	2.61	9.02	333,912	2024-07-25	0%
ITI Flexi Cap Fund	237,304	1.37	6.41	333,912	2024-07-25	-28.93%
Bank of India Manufacturing & Infrastructure Fund	176,636	2.9	4.77	333,912	2024-07-25	-47.1%
Bank of India Large & Mid Cap Equity Fund	139,711	1.51	3.77	333,912	2024-07-25	-58.16%
Bank of India Large & Mid Cap Equity Fund - Eco Plan	139,711	1.51	3.77	333,912	2024-07-25	-58.16%
Motilal Oswal Nifty Microcap 250 Index Fund	100,776	0.47	2.72	333,912	2024-07-25	-69.82%
Groww Nifty Total Market Index Fund	261	0.02	0.01	333,912	2024-07-25	-99.92%

ITD Cementation India Ltd ROCE Trend

ITD Cementation India Ltd EPS Trend

ITD Cementation India Ltd 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)	4.63	0.00	3.18	2.27	3.31
Dividend Payout Ratio (NP) (%)	0.00	6.22	2.99	32.70	19.19
Dividend Payout Ratio (CP) (%)	0.00	3.25	1.20	4.44	5.93
Earning Retention Ratio (%)	0.00	93.78	97.01	67.30	80.81
Cash Earning Retention Ratio (%)	0.00	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 (%)	0.00	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

ITD Cementation India Ltd Profitability Ratios (%)

ITD Cementation India Ltd Liquidity Ratios

ITD Cementation India Ltd Liquidity Ratios (%)

ITD Cementation India Ltd Interest Coverage Ratios (%)

ITD Cementation India Ltd Valuation Ratios

Fair Value

Fair Value: 553.46

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.

Undervalued: 9.81% compared to the current price 504

Intrinsic Value: 736.72

Calculation basis:

Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 46.17% compared to the current price 504

Last 5 Year EPS CAGR: 33.11%

*Investments are subject to market risks

Strength and Weakness of ITD Cementation India Ltd Stock

Strength	Weakness
The company has higher reserves (822.33 cr) compared to borrowings (624.17 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.38 cr) and profit (77.08 cr) over the years.	The stock has a low average ROCE of 13.92%, which may not be favorable. 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.

FAQ

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

The latest fair value of ITD Cementation India Ltd is ₹553.46.

What is the Market Cap of ITD Cementation India Ltd?

The Market Cap of ITD Cementation India Ltd is 8,673 Cr..

What is the current Stock Price of ITD Cementation India Ltd as on 27 July 2024?

The current stock price of ITD Cementation India Ltd as on 27 July 2024 is 504.

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

In FY 2024, the High / Low of ITD Cementation India Ltd stocks is 590/175.

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

The Stock P/E of ITD Cementation India Ltd is 31.7.

What is the Book Value of ITD Cementation India Ltd?

The Book Value of ITD Cementation India Ltd is 87.0.

What is the Dividend Yield of ITD Cementation India Ltd?

The Dividend Yield of ITD Cementation India Ltd is 0.34 %.

What is the ROCE of ITD Cementation India Ltd?

The ROCE of ITD Cementation India Ltd is 27.5 %.

What is the ROE of ITD Cementation India Ltd?

The ROE of ITD Cementation India Ltd is 20.0 %.

What is the Face Value of ITD Cementation India Ltd?

The Face Value of ITD Cementation India Ltd is 1.00.

About the Company - ITD Cementation India Ltd

Basic Stock Data of ITD Cementation India Ltd

Competitors of ITD Cementation India Ltd

ITD Cementation India Ltd Quarterly Results

ITD Cementation India Ltd Quarterly Chart

ITD Cementation India Ltd Profit & Loss

ITD Cementation India Ltd Profit & Loss Yearly Chart

ITD Cementation India Ltd Growth

ITD Cementation India Ltd Balance Sheet

ITD Cementation India Ltd Reserves and Borrowings Chart

ITD Cementation India Ltd Cash Flow

ITD Cementation India Ltd Financial Efficiency Indicators

ITD Cementation India Ltd Financial Efficiency Indicators Chart

ITD Cementation India Ltd Share Holding Pattern

ITD Cementation India Ltd Shareholding Pattern Chart

No. of ITD Cementation India Ltd Shareholders

ITD Cementation India Ltd Mutual Fund Holdings

ITD Cementation India Ltd ROCE Trend

ITD Cementation India Ltd EPS Trend

ITD Cementation India Ltd Key Financial Ratios

ITD Cementation India Ltd Profitability Ratios (%)

ITD Cementation India Ltd Liquidity Ratios

ITD Cementation India Ltd Liquidity Ratios (%)

ITD Cementation India Ltd Interest Coverage Ratios (%)

ITD Cementation India Ltd Valuation Ratios

Fair Value

Strength and Weakness of ITD Cementation India Ltd Stock

FAQ

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

What is the Market Cap of ITD Cementation India Ltd?

What is the current Stock Price of ITD Cementation India Ltd as on 27 July 2024?

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

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

What is the Book Value of ITD Cementation India Ltd?

What is the Dividend Yield of ITD Cementation India Ltd?

What is the ROCE of ITD Cementation India Ltd?

What is the ROE of ITD Cementation India Ltd?

What is the Face Value of ITD Cementation India Ltd?

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