Multibagger Construction Company Secures Rs 1,937 Crore Order for Multistoried Commercial Building – FIIs and DIIs Increase Stake in June 2024!
The company’s shares have delivered an impressive return of over 450 per cent in the past 2 years.
This Small-Cap infrastructure developer specializing in design, engineering, procurement, and construction (EPC) services for infrastructure projects, has secured a major contract to build a multistore commercial building in Uttar Pradesh. The project is valued at approximately Rs 1,937 crore, including taxes and duties.
Today, the shares of ITD Cementation India Limited closed at around Rs 257.55 per share on the BSE. The company’s current market capitalization stands at Rs 11,295 crore. Additionally, the shares have delivered an impressive multibagger return of over 190 per cent in the past 1 year.
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As per the Quarterly Results, in the Q1 FY25, ITD Cementation India Limited recorded a revenue of Rs 2381 crore compared to Rs 1833 crore. The operating profit stood at Rs 221 crore. The net profit stood at Rs 100 crore compared to a profit of Rs 52 crore. Looking at the annual performance, the company generated a revenue of Rs 7718 crore in FY24. The operating profit for FY24 was Rs 745 crore with a net profit of Rs 274 crore compared to a net profit of Rs 125 crore in FY23 representing a 119 growth on a YoY basis.
ITD Cementation India Limited is engaged in various sectors, offering a wide range of services. These include maritime structures such as jetties, berths, and dry docks; urban infrastructure projects like MRTS, airports, and underground tunnels; and construction of highways, bridges, and flyovers. The company also undertakes industrial structures and buildings for sectors like steel, refineries, and power, along with hydro projects, dams, and tunnels. Additionally, ITD Cementation provides foundation and specialist engineering services and works on water infrastructure projects, including water treatment and sewerage plants.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.