Rs 22,080 crore order book and FIIs increase stake: This multibagger civil construction company receives fresh order worth Rs 1,001 crore!

The stock gave multibagger returns of 131 per cent in 1 year and a whopping 390 per cent in 3 years.

ITD Cementation India Ltd announced that the company has secured a contract for civil & hydromechanical works of 500 MW hydel power, pumped storage project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh.

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 has a market cap of Rs 4,845 crore with a 3-year stock price CAGR of 68 per cent. According to its Quarterly Results, the net sales increased by 55.65 per cent to Rs 1,610.42 crore in Q2FY24 over Q2FY23. The company reported a turnaround story in Q2FY24 in net profit of Rs 45.15 crore compared to a net loss of Rs 5 crore in Q2FY23. In its annual results, the net sales increased by 33.65 per cent to Rs 5,090.91 crore and net profit increased by 148.86 per cent to Rs 90.46 crore in FY23 over FY22.

The company’s order book stands at Rs 22,080 crore which comprises Government orders (50 per cent), PSU orders (20 per cent) and private sector orders (30 per cent) providing multiyear revenue visibility. The company have secured 4,823 crore orders in H1FY24.

Today, shares of ITD Cementation surged 2.4 per cent to Rs 282.05 per share from its previous closing of Rs 275.45 with an intraday high of Rs 286 and an intraday low of Rs 277.9. The stock gave multibagger returns of 131 per cent in 1 year and a whopping 390 per cent in 3 years. Investors should keep an eye on this small-cap stock.

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