USD 205 million order from PGCB: This multibagger civil construction company enters into a joint venture with Transrail Lighting Limited!

The stock gave multibagger returns of 150 per cent in just 1 year, 375 per cent returns in 3 years and over 1,200 per cent returns in 1 decade.

ITD Cementation India Limited, in a joint venture with Transrail Lighting Limited, has secured a contract in Bangladesh for the design, supply, installation, testing and commissioning of the Jamuna River crossing portion of Bogura-Kaliakair 400 kV double circuit transmission line on a turnkey basis (Package-01, Lot-03) from Power Grid Company of Bangladesh Ltd (PGCB) worth USD 205 million excluding taxes and duties.

Recently, the company also announced its Quarterly Results wherein the net sales increased by 66.93 per cent to Rs 1,823.57 crore and net profit increased by 76.76 per cent to Rs 48.03 crore. Additionally, the company announced an interim dividend of Rs 0.75 per share for its equity shareholders. The company fixed the record date as August 08, 2023.

Furthermore, the company secured orders for EPC-related work worth Rs 247.10 crore in Q1FY24. Including all the orders, the company’s order book stands at approx. Rs 20,000 crore as of August 10, 2023.

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 over Rs 3,500 crore with a 3-year stock price CAGR of 66 per cent. The shares of the company have a PE of 22.33x, an ROE of 11 per cent and a ROCE of 20 per cent.

The stock gave multibagger returns of 150 per cent in just 1 year, 375 per cent returns in 3 years and over 1,200 per cent returns in 1 decade. Investors should keep an eye on this Small-Cap stock.

On Friday, shares of ITD Cementation plunged 3.26 per cent to Rs 200.05 per share from its previous closing of Rs 206.80. The stock traded at an intraday high of Rs 210.05 per share and an intraday low of Rs 198.35.

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