Rs 18,536 crore order book and FIIs & DIIs increase stake: Multibagger civil construction stock jumps over 15 per cent as company reports stellar quarterly results (Q1FY25)
The stock gave multibagger returns of 185 per cent in 1 year and a whopping 550 per cent in 3 years.
On Thursday, shares of ITD Cementation Ltd gained 15.44 per cent to an intraday high of Rs 559 per share from its previous closing of Rs 483.30. The stock’s 52-week high is Rs 589.65 and its 52-week low is Rs 188.20. At the closing bell, shares of the company were trading at Rs 535.10 per share, up 10.72 per cent with a spurt in volume by more than 11.2 times on BSE.
ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India. The company is one of the leading names in the Marine and Maritime sector having worked with most of the major ports in India.
The company delivered a robust operational performance in Q1 FY25, marked by its highest-ever quarterly revenue of Rs 2,381 crore, surging 30 per cent year-on-year. This strong top-line growth translated to a 36 per cent year-on-year increase in EBITDA, reaching Rs 237 crore, and a remarkable 91 per cent year-on-year jump in net profit to Rs 100 crore, setting new quarterly records. The company's consolidated order book stood at a robust Rs 18,536 crore as of June 30, 2024, with new orders worth over Rs 1,053 crore secured during the quarter. A conservative financial strategy, reflected in a net debt-to-equity ratio of 0.30x, further solidified the company's financial position.
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In June 2024, FIIs increased their stake to 20 per cent and DIIs increased their stake to 2.44 per cent compared to 17.08 per cent and 1.82 per cent respectively in March 2024. The company has a market cap of over Rs 9,000 crore with a 3-year stock price CAGR of 81 per cent. The stock gave multibagger returns of 185 per cent in 1 year and a whopping 550 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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