Rs 19,918 Crore Order Book: This Infra Company Secures Rs 1,082 Crore Marine Order for Dahej LNG Terminal in Gujarat; Stock Hits 52-Week High Today

Rs 19,918 Crore Order Book: This Infra Company Secures Rs 1,082 Crore Marine Order for Dahej LNG Terminal in Gujarat; Stock Hits 52-Week High Today

Rakesh Deshmukh

FIIs bought 54,62,848 shares and increased their stake to 17.08 per cent according to the recent update.

ITD Cementation India Limited specializes in providing design, engineering, procurement, and construction (EPC) services for infrastructure projects across India. Recently, the company secured a marine contract worth approximately Rs 1,082 crore, including taxes and duties, for constructing the Third Berth (Jetty) and associated works at the Dahej LNG terminal in Gujarat.

ITD Cementation India Limited has a robust portfolio in the Marine and Maritime sectors, having collaborated with major ports across India. Additionally, the company offers infrastructure services encompassing Highways, Bridges & Flyovers, Airports, Industrial Structures & Buildings, Mass Rapid Transit Systems (MRTS), Water & Wastewater projects, Box Pushing, Tube Heading, Microtunneling, and more.

Share Performance:

Today ITD Cementation India Limited shares closed the day at Rs 518.05 per share. The company’s current market capitalization stands at Rs 8899.46 crore. The stock has delivered a multibagger return of over 215 per cent in just 1 year only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, ITD Cementation India Limited reported a revenue of Rs 2258 crore and an operating profit of Rs 221 crore. The operating profit margin for the quarter stands at 10 per cent. The company’s net profit stood at Rs 90 crore. In FY24, the company reported a revenue of Rs 7718 crore compared to Rs 5091 crore, and a net profit of Rs 274 crore, compared to a profit of Rs 125 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

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