ITD Cementation India Ltd

(ITDCEM)

ITD Cementation Starts Trading Higher Amid Strong Order Book - 20 Aug, 2024

ITD Cementation India Ltd shares opened at Rs. 573, slightly down to Rs. 565 during trading. The company boasts an order book of Rs. 18,536 crores, with a robust bid pipeline of Rs. 25,000 to 30,000 crores focused on high-value projects.

ITD Cementation Reports Strong Q1FY25 Growth - 10 Aug, 2024

ITD Cementation Limited reported significant growth in Q1FY25, with a 30% YoY increase in revenue and a 92% YoY rise in net profit. The company secured work orders worth Rs. 1,053 Crores, boosting its consolidated work order book to Rs. 18,536 Crores.

ITD Cementation Reports Strong Q1 Results - 09 Aug, 2024

ITD Cementation India reported a 91.91% YoY profit increase in Q1, with a 29.95% rise in topline. The company has delivered significant returns: 4.61% in the last week, 59.98% over six months, and 87.17% YTD. Analysts recommend a consensus rating of 'Buy'.

ITD Cementation Reports Strong Q1 Profit Growth - 08 Aug, 2024

ITD Cementation India Ltd. reported a 91.4% increase in profit to Rs 100.2 crore for Q1FY25, with revenue rising 30% to Rs 2,381.5 crore. The strong performance led to an 11% surge in share price.

ITD Cementation Reports Strong Q1 Results - 07 Aug, 2024

ITD Cementation's Q1 profit surged 92%, with revenue rising 30% year-on-year to Rs 2,381 crore, surpassing analyst estimates. Shares increased by 2.09%.

KEC International Emerges as Frontrunner to Acquire ITD Cementation Promoter Stake - 02 Aug, 2024

ITD Cementation has clarified that due diligence process is underway and at a preliminary stage, after reports emerged that KEC International is the frontrunner to acquire promoter stake. Talks are also ongoing with two other players for the stake sale. The announcement could be made by end-September, early-October. ITDs Promoter Italian-Thai Development Public Company holds a 46.64% stake in the company and is seeking a complete exit.

ITD Cementation Promoter Seeks Complete Exit - 01 Aug, 2024

Italian-Thai Development Company, the promoter of ITD Cementation India Ltd, is seeking a complete exit. Deal negotiations are in advanced stages and an announcement is possible by early October. The promoter stake could be valued at Rs 4,000-4,500 crore.

ITD Cementation Secures Contract Worth Rs 1,237 Crore - 30 Jul, 2024

ITD Cementation India Ltd's shares rose by around 3-5.67% after the company secured a contract worth Rs 1,237 crore for constructing a residential colony in New Delhi. The company has reported strong financials with a RoE of 18.32%, RoCE of 34.33%, and net profit margin of 3.34%. As of March 2023, the company had an order book amounting to Rs. 19,918 crores, equivalent to 2.2 times its market capitalization.

ITD Cementation Bags Orders Worth Over Rs 2,300 Crore - 29 Jul, 2024

ITD Cementation India has secured two major contracts worth over Rs 2,300 crore for construction of a residential colony in New Delhi and a marine contract at the Dahej LNG terminal in Gujarat. The company's shares closed 1.32% higher.

ITD Cementation India Increases Dividend Payment - 22 Jul, 2024

ITD Cementation India is set to increase its dividend payment from last year's comparable payment to Rs 1.70, which unfortunately falls below the industry average. However, with a growing EPS and solid potential as a dividend stock, it remains a strong income stock.