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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of ITD Cementation India Ltd

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

Basic Stock Data of ITD Cementation India Ltd

Last Updated: June 22, 2024, 10:40 pm

Market Cap 8,159 Cr.
Current Price 475
High / Low498/158
Stock P/E29.8
Book Value 87.0
Dividend Yield0.16 %
ROCE27.5 %
ROE20.0 %
Face Value 1.00
PEG Ratio0.90

Competitors of ITD Cementation India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Conart Engineers Ltd 44.3 Cr. 141157/34.014.4 92.40.00 %12.9 %11.3 % 10.0
Nila Spaces Ltd 295 Cr. 7.4811.2/2.7022.0 3.240.00 %17.1 %11.1 % 1.00
Omaxe Ltd 1,697 Cr. 92.8122/42.0 26.30.00 %22.2 %58.4 % 10.0
Manav Infra Projects Ltd 13.2 Cr. 19.423.5/12.511.4 3.030.00 %41.9 %% 10.0
Croissance Ltd 31.6 Cr. 4.618.10/3.28451 0.110.00 %1.11 %0.90 % 1.00
Industry Average16,585.00 Cr306.4033.34166.840.13%16.24%16.67%32.84

ITD Cementation India Ltd Quarterly Results

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

ITD Cementation India Ltd Quarterly Chart

ITD Cementation India Ltd Profit & Loss

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%

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:31%
5 Years:35%
3 Years:78%
1 Year:182%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:13%
Last Year:20%

Last Updated: June 17, 2024, 2:59 pm

ITD Cementation India Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121216161616171717171717
Reserves3703893975524935366021,0041,0351,0491,1141,2201,308
Borrowings651783770765601356489532539458560766761
Other Liabilities6896076828621,3369731,2821,0441,5331,6691,9253,0133,320
Total Liabilities1,7211,7911,8602,1952,4451,8812,3882,5973,1253,1923,6165,0175,406
Fixed Assets229230224335349385462529624601655847998
CWIP241473363875532117133
Investments00000111255194113455
Other Assets1,4691,5471,6301,8562,0931,4891,8872,0602,2412,3442,8474,0074,271
Total Assets1,7211,7911,8602,1952,4451,8812,3882,5973,1253,1923,6165,0175,406

ITD Cementation India Ltd Reserves and Borrowings Chart

ITD Cementation India Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 57151874446532668-134447191339471
Cash from Investing Activity -69-37-49-38-104-20-157-133-87-51-25-438
Cash from Financing Activity -118-147-4-302-22240244-212-250-5628
Net Cash Flow-13-3-915983-49-24147-11025861

ITD Cementation India Ltd 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%

ITD Cementation India Ltd Financial Efficiency Indicators Chart

ITD Cementation India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%46.64%
FIIs10.91%10.67%10.35%10.67%10.50%10.47%12.80%13.30%12.23%13.46%14.42%13.90%
DIIs20.33%19.60%15.26%13.02%12.31%11.62%8.37%5.64%5.07%4.57%3.38%1.94%
Public22.13%23.10%27.75%29.68%30.55%31.27%32.20%34.42%36.05%35.34%35.56%37.53%
No. of Shareholders44,24554,09656,36149,00355,39055,36047,47646,63749,85857,19673,00576,050

ITD Cementation India Ltd Shareholding Pattern Chart

No. of ITD Cementation India Ltd Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Infrastructure Fund1,061,7203.4528.671,061,7202024-06-210%
Franklin Build India Fund390,0000.6110.531,061,7202024-06-21-63.27%
Bank of India Multi Cap Fund333,9122.619.021,061,7202024-06-21-68.55%
ITI Flexi Cap Fund237,3041.376.411,061,7202024-06-21-77.65%
Bank of India Manufacturing & Infrastructure Fund176,6362.94.771,061,7202024-06-21-83.36%
Bank of India Large & Mid Cap Equity Fund139,7111.513.771,061,7202024-06-21-86.84%
Bank of India Large & Mid Cap Equity Fund - Eco Plan139,7111.513.771,061,7202024-06-21-86.84%
Motilal Oswal Nifty Microcap 250 Index Fund100,7760.472.721,061,7202024-06-21-90.51%
Groww Nifty Total Market Index Fund2610.020.011,061,7202024-06-21-99.98%

ITD Cementation India Ltd ROCE Trend

ITD Cementation India Ltd EPS Trend

ITD Cementation India Ltd 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)4.630.003.182.273.31
Dividend Payout Ratio (NP) (%)0.006.222.9932.7019.19
Dividend Payout Ratio (CP) (%)0.003.251.204.445.93
Earning Retention Ratio (%)0.0093.7897.0167.3080.81
Cash Earning Retention Ratio (%)0.0096.7598.8095.5694.07
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 (%)0.0093.7797.0067.2980.80
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

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: 519.35

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: 9.34% compared to the current price 475

Intrinsic Value: 691.32

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: 45.54% compared to the current price ₹475

Last 5 Year EPS CAGR: 33.11%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (774.54 cr) compared to borrowings (617.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.38 cr) and profit (77.08 cr) over the years.
  1. The stock has a low average ROCE of 13.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 63.75, which may not be favorable.
  3. 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 ₹519.35.

What is the Market Cap of ITD Cementation India Ltd?

The Market Cap of ITD Cementation India Ltd is 8,159 Cr..

What is the current Stock Price of ITD Cementation India Ltd as on 22 June 2024?

The current stock price of ITD Cementation India Ltd as on 22 June 2024 is ₹475.

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 498/158.

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

The Stock P/E of ITD Cementation India Ltd is 29.8.

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 0.16 %.

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 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 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