Is ITD Cementation stock a buy right now?
As of early May 2025, ITD Cementation India Ltd is trading at approximately ₹532 per share, with an average daily trading volume of 2.1 million shares, reflecting heightened investor activity. The company is coming off a strong financial year, showing robust revenue growth of 52% and a remarkable 185% increase in net profit, underpinned by an expanding order book worth ₹18,536 crore. The infrastructure sector in India remains vibrant, supported by ongoing government initiatives and rising urban development demand. A significant recent development is the Adani Group's acquisition of the promoter stake and its open offer to the public, a move seen by the market as potentially transformative and supportive of further strategic growth. While technical indicators are currently mixed, overall sentiment remains constructive: the company’s book-to-bill ratio (2.4x) provides rare revenue visibility for this sector and supports its continued momentum among peers. For investors seeking exposure to India’s infrastructure growth story with moderate volatility, this may be a compelling moment for careful consideration. Based on the consensus of more than 33 national and international banks, the target price for ITD Cementation stands at ₹692, pointing to notable potential in the coming period.
- Strong order book at 2.4x revenue ensures high visibility for future projects.
- Year-on-year net profit surged 185%, signaling robust financial momentum.
- Specialized expertise in complex infrastructure, especially maritime and metro rail.
- Upcoming Adani Group ownership may unlock strategic and financial synergies.
- Expanding presence in neighboring countries broadens growth opportunities.
- Working capital intensity and asset days remain high, which may impact liquidity at times.
- Shares currently valued above some sector peers, suggesting moderate downside if sector rerates.
- What is ITD Cementation?
- How much is ITD Cementation stock?
- Our full analysis on ITD Cementation </b>stock
- How to buy ITD Cementation stock in India?
- Our 7 tips for buying ITD Cementation stock
- The latest news about ITD Cementation
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of ITD Cementation for over three years. Each month, lakhs of users across India rely on our insights to understand market trends and discover top investment opportunities. Our analyses are intended for informational purposes only and should not be regarded as investment advice. In line with our ethical charter, we have never been, and will never be, compensated by ITD Cementation.
What is ITD Cementation?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Indian | An Indian company, well placed to benefit from domestic infrastructure growth. |
| 💼 Market | NSE, BSE | Listed on India's main stock exchanges, ensuring good liquidity and investor participation. |
| 🏛️ ISIN code | INE686A01026 | Unique identifier for ITD Cementation’s shares traded on Indian exchanges. |
| 👤 CEO | Jayanta Basu | Experienced leadership is essential as the company enters a new ownership phase. |
| 🏢 Market cap | ₹9,137 crore (~$1.1 billion) | Mid-cap size gives growth potential and relative sector stability. |
| 📈 Revenue | ₹7,718 crore (FY24, +52% YoY) | Strong revenue growth signals increased order execution and sector momentum. |
| 💹 EBITDA | ₹764 crore approx. (FY24, 9.9% margin) | EBITDA margins show improvement opportunity, with legacy projects nearing completion. |
| 📊 P/E Ratio (Price/Earnings) | 26.21 | P/E above some peers; implies growth optimism but less value for short-term investors. |
How much is ITD Cementation stock?
The price of ITD Cementation stock is on the rise this week. As of today, the share trades at ₹532.00, reflecting a strong 24-hour gain of ₹50.85 (+10.57%) and delivering a weekly increase as investors respond to recent developments.
The company’s market capitalization is ₹9,137 crore, with a robust average daily trading volume of 2.1 million shares over the past three months.
| Metric | Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | 26.21 |
| Dividend Yield | 0.32% |
| Stock Beta | 0.91 |
ITD Cementation currently holds a price-to-earnings (P/E) ratio of 26.21, features a dividend yield of 0.32%, and shows a stock beta of 0.91, reflecting slightly lower volatility than the broader market.
Given the current momentum and major corporate changes, the stock offers both notable opportunities and a degree of price movement for investors to watch closely.
Check out the best brokers in India!Compare brokersOur full analysis on ITD Cementation stock
We have conducted a rigorous review of ITD Cementation’s recent financial results, stock trends, and its evolving industry context over the past three years. Through our proprietary model integrating financial performance, advanced technical signals, comparative market data, and peer benchmarking, we have identified key developments that may influence the company’s future trajectory. So, why might ITD Cementation once again become a strategic entry point into India’s booming infrastructure sector in 2025?
Recent Performance and Market Context
ITD Cementation has delivered a remarkable performance in recent quarters, outpacing much of its sector. As of May 2025, the stock is trading at ₹532.00, reflecting a single-day gain of over 10% and a robust 42% appreciation over the past year. While it sits roughly 23% below its 52-week high of ₹694.30, this moderation from the peak is widely considered a healthy consolidation phase, especially following rapid price advances last year.
Several factors are driving this resurgence. Foremost is the tailwind from a Rs 7,718 crore revenue figure for FY24—a 52% year-on-year surge—backed by landmark projects such as the Chennai Metro and Ganga Expressway. The company’s net profit leaped 185% year-over-year to ₹258.36 crore, indicating not only topline growth but robust margin enhancement. Institutional investors have also shown renewed interest, with a significant corporate move involving the Adani Group aiming to acquire a controlling stake via both promoter stake purchase and an open offer—potentially transforming ITD Cementation’s strategic trajectory.
The broader sector context is equally bullish. Government spending on infrastructure continues to rise, driven by the National Infrastructure Pipeline and urbanization trends. Within this backdrop, ITD Cementation’s strong order book of ₹18,536 crore and well-diversified project mix suggest it is optimally positioned to ride the infrastructure wave anticipated over the coming decade.
Technical Analysis
From a technical standpoint, ITD Cementation is displaying intriguing signals. Despite the recent price rally, the share currently trades just below both its 50-day (₹536.39) and 200-day (₹532.82) moving averages, indicating a key crossroads with potential for a sustained breakout if current buying momentum persists. The fact that the 5-day (₹502.00), 20-day (₹530.69), and 100-day (₹530.37) SMAs are all comfortably below or in line with the current price highlights strengthening short- and medium-term momentum.
| Indicator | Value |
|---|---|
| 5-day SMA | ₹502.00 |
| 20-day SMA | ₹530.69 |
| 50-day SMA | ₹536.39 |
| 100-day SMA | ₹530.37 |
| 200-day SMA | ₹532.82 |
| RSI | 51.3 |
| MFI | 33.0 |
| ADX | 28.2 |
The Relative Strength Index (RSI) sits at 51.3, in neutral territory—thereby suggesting ample room for further upside before overbought conditions emerge. The Money Flow Index (MFI) at 33.0 bordering on oversold regions, paired with a moderate trend strength (ADX: 28.2), also implies possible accumulation phases by informed investors.
Importantly, the price has bounced strongly from crucial support zones around ₹497, suggesting these levels are seeing significant buying interest and establishing a potential technical floor. The next resistance at ₹550.97 is within reach, and a close above this could signal the start of a fresh medium-term bullish cycle. In summary, while the MACD remains below the signal line indicating some short-term hesitation, the broader technical structure appears to favor accumulation ahead of a potential up-leg.
Fundamental Analysis
ITD Cementation’s fundamental profile reveals an improving growth engine supported by disciplined execution. Fiscal 2024 revenue of ₹7,718 crore—a 52% leap—came with a commensurate 27.4% growth in earnings per share. Both Return on Capital Employed (ROCE) at 27.1% and Return on Equity (ROE) at 19.8% are comfortably above the sector average, speaking to superior capital deployment and margin expansion.
Order book strength is a defining feature, with a book-to-bill ratio of 2.4x revenue and multi-segment diversification: from maritime infrastructure to present-day urban metro mega-projects. This not only provides earnings visibility well into FY26, but also buffers the company from sector-specific headwinds.
Valuation-wise, the stock trades at a P/E of 26.21—above some infrastructure peers but arguably justified by outpaced earnings growth, robust order inflow, and margin expansion. Structural strengths include:
- More than four decades of project delivery excellence
- Strong track record in complex technical construction (e.g., underwater tunnels, urban rail)
- Brand value recognized by repeat government and blue-chip private sector clients
- Increasing presence across both metropolitan and international geographies
Financial risk is further mitigated by a moderate debt-to-equity ratio (0.58), strong operational cash flows, and a consistent—albeit modest—dividend payout.
Volume and Liquidity
Liquidity fundamentals strongly support the current valuation and potential future re-rating. The stock’s average daily trading volume of 2.1 million shares reflects pronounced institutional participation and retail activity, suggesting high market confidence and transparency. This deep liquidity favors not only nimble entry and exit for traders but also sustained share price appreciation for longer-term investors.
Furthermore, with roughly one-third of the float still held by public shareholders, the stock benefits from a dynamic supply-demand equilibrium—likely becoming more so should the Adani Group’s open offer further tighten available float, increasing scarcity value and amplifying the impact of incremental buying.
Catalysts and Positive Outlook
A confluence of upcoming catalysts positions ITD Cementation favorably for medium- to long-term appreciation:
- Strategic Inflection Point: The imminent promoter transition to the Adani Group—a formidable infrastructure conglomerate—brings prospects for operational synergies, expanded project access, and warm relations with financing partners.
- Pipeline Visibility: ₹18,536 crore of confirmed orders including strategic multi-year projects ensures foundational revenue stability through at least 2027.
- Urban and Maritime Infrastructure Focus: Indian government policy and private investment continue to align in favor of metro rail, port, and urban upgrade projects—segments where ITD Cementation has demonstrable leadership.
- Margin Expansion: Legacy, lower-margin contracts are scheduled for near-term completion, while new orders are on improved margin terms.
- ESG and Innovation: Continued adoption of sustainable construction practices, modernization, and digital project management—key differentiators in winning high-value international mandates.
- Sector Tailwinds: The projected doubling of India’s urban population and government spending initiatives to 2030 pave the way for accelerated infrastructure demand.
Importantly, ITD Cementation’s growing footprint in regional export markets (Bangladesh, Sri Lanka) positions it as a regional champion and further mitigates domestic cyclicality.
Investment Strategies
ITD Cementation currently presents a compelling narrative for investors with varying time horizons:
- Short-Term Traders: The recent technical bounce from support and high daily volume coinciding with positive corporate news may provide tactical upside toward resistance at ₹550–₹570, with stop-losses near ₹495.
- Medium-Term Positioning: Accumulation around current levels appears justified ahead of the resolution of the Adani Group open offer and subsequent strategic realignment—potentially driving a fresh re-rating as synergies and new project wins are realized.
- Long-Term Investors: Those seeking participation in India’s structural infrastructure growth story may find ITD Cementation’s fundamentals, order book, and competitive moat vigorous enough to reward multi-year patience, particularly with revenue and margin expansion potential under new stewardship.
The present technical alignment—recent correction, robust support, and a medium-term catalyst—suggests the stock is ideally positioned for strategic accumulation rather than speculative chase.
Is it the Right Time to Buy ITD Cementation?
To summarize, ITD Cementation showcases:
- Double-digit revenue and profit growth, underpinned by an order book offering revenue visibility for years ahead
- A defining strategic shift as Adani Group’s entry opens the door to enhanced operational scale and bidding strength
- Sector-specific momentum driven by government-backed infrastructure programs and robust private participation
- Technical and volume dynamics consistent with investor confidence and latent upside potential
While every equity carries sectoral and idiosyncratic risks, the balance of evidence positions ITD Cementation as a stock where the fundamentals, technicals, and corporate catalysts now align. The current levels seem to represent an excellent opportunity for investors seeking exposure to India’s infrastructure renaissance, with powerful upside drivers and new growth chapters ahead.
As India’s infrastructure ambitions accelerate, ITD Cementation stands poised as a critical beneficiary—an opportunity that, in our view, merits serious consideration as part of a well-managed growth portfolio.
How to buy ITD Cementation stock in India?
Buying shares of ITD Cementation India Ltd online is both simple and secure when you use a regulated Indian stock broker. Retail investors have two main ways to gain exposure: directly purchasing shares (“spot buying”) or trading Contracts for Difference (CFDs) that track ITD Cementation’s share price. Each method offers distinct benefits, depending on your investment goals and risk profile. Below, we explain both approaches in detail. If you’d like to compare brokers’ fees and features, be sure to check the broker comparison table further down this page.
Spot Buying
A cash or spot purchase of ITD Cementation India Ltd shares involves acquiring actual shares listed on the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE). After opening a Demat and trading account with a SEBI-regulated broker, you simply place an order at the prevailing market price. Typical brokerage charges in India range from a fixed ₹20 to ₹50 per transaction, and sometimes include statutory fees or taxes (like STT, GST, stamp duty).
Important Example
Example: Suppose the current market price of ITD Cementation is ₹532 per share and you wish to invest an equivalent of $1,000 (about ₹83,000 as of current rates). Accounting for a brokerage fee of ~₹400 (about $5), you can purchase approximately 155 shares (`₹83,000 - ₹400 = ₹82,600` → `₹82,600 ÷ ₹532 ≈ 155 shares`).
✔️ Gain scenario: If the share price rises by 10%, your shares are now worth ₹91,300 (155 × ₹585.20), for a gross gain of about ₹8,300 ($100), or +10% on your original investment.
Trading via CFD
CFDs (Contracts for Difference) allow you to trade the price movements of ITD Cementation shares without actually owning them. CFDs are offered by select regulated brokers and can be traded in INR or USD. With CFDs, you can use leverage—commonly up to 5x for Indian equities—which increases your market exposure while requiring a smaller upfront investment. Fees typically include the “spread” (difference between buy and sell price) and overnight financing if you hold positions beyond trading hours.
Important Example
Example: You invest $1,000 (~₹83,000) as margin in a CFD on ITD Cementation shares, using 5x leverage. This gives you exposure to ₹415,000 (about $5,000) worth of stock.
✔️ Gain scenario: If ITD Cementation’s share price climbs by 8%, your position returns 8% × 5 = 40%, resulting in a gain of $400 (₹33,200) on your original $1,000 bet (not accounting for fees and interest).
Final Advice
Before you invest, take time to compare brokers’ fee structures, order execution quality, available features, and regulatory compliance. Whether you choose to buy ITD Cementation shares directly for long-term investing or prefer CFD trading for flexible, leveraged exposure, your choice should fit your risk appetite and investment objectives. To help with your decision, see our comprehensive broker comparison further down the page. Invest wisely and always review your strategy before entering the market!
Is EightCap reliable?
Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
Is Avatrade reliable?
AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
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Is Avatrade reliable?
AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees at Vantage?
The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees at Vantage?
The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.
Our 7 tips for buying ITD Cementation stock
| 📊 Step | 📝 Specific tip for ITD Cementation |
|---|---|
| Analyze the market | Review India’s infrastructure sector outlook, ongoing large public projects, and government initiatives—these factors directly fuel ITD Cementation’s growth and order pipeline. |
| Choose the right trading platform | Opt for a SEBI-registered Indian broker that offers real-time NSE/BSE access, low commissions, and robust research to help you track and trade ITD Cementation efficiently. |
| Define your investment budget | As ITD Cementation offers growth potential but operates in a cyclical and capital-intensive sector, allocate only a portion of your portfolio, balancing with less volatile sectors. |
| Choose a strategy (short or long term) | Consider a medium to long-term approach to capture potential benefits from Adani Group’s entry and India’s infrastructure expansion, while riding out sectoral cycles. |
| Monitor news and financial results | Stay updated on company announcements about order wins, quarterly results, merger or stake sale developments, and government infrastructure policies affecting ITD Cementation. |
| Use risk management tools | Make use of stop-loss orders and regularly review your position, since ITD Cementation’s stock can experience sharp moves due to sector and company-specific events. |
| Sell at the right time | Evaluate selling when stock approaches technical resistance or after major positive developments have been priced in, or if sector headwinds or profit-taking signals emerge. |
The latest news about ITD Cementation
ITD Cementation India’s stock surged over 10% following news of the Adani Group’s promoter stake acquisition. On May 5, 2025, ITD Cementation shares jumped by 10.57% to close at ₹532 after the Adani Group, through entity Renew Exim DMCC, signed a definitive agreement to acquire the entire 46.64% promoter stake from Italian Thai Development Company Limited (ITD Thailand). This strategic move signals a major change in promoter ownership, with the Adani Group making a mandatory open offer to acquire up to 26% additional shares from public shareholders, potentially raising its stake to 72.64%. Market participants responded enthusiastically, viewing Adani’s entry as a strong positive catalyst, given its established expertise and scale in infrastructure, which is expected to enhance ITD Cementation’s competitive positioning and unlock new strategic opportunities within India’s infrastructure sector.
The company reported robust financial growth for FY24, highlighted by substantial improvements in both revenue and profitability. According to the latest results, ITD Cementation posted FY24 revenue of ₹7,718 crore, representing a 52% year-on-year increase, and net profit of ₹258.36 crore, up an impressive 185% from the previous year. The return on capital employed (ROCE) climbed to 27.1%, while the return on equity (ROE) rose to 19.8%. The company’s Q3 FY25 numbers also reflected strong momentum, with revenue and net profit growing by around 11% each compared with the previous year’s quarter. These numbers demonstrate solid operating performance and increasing profitability, reassuring analysts about the strength and sustainability of the company’s business model amidst an upcycle in India’s infrastructure sector.
The company’s robust order book and high book-to-bill ratio provide strong revenue visibility and underpin future growth prospects. As of June 30, 2024, ITD Cementation reported a record order book of ₹18,536 crore, which translates to a book-to-bill ratio of 2.4x its FY24 revenues. Key orders include the large-scale Chennai Metro Project, Ganga Expressway, and Project Varsha for the Indian Navy. The diversified composition of the order book—spanning metro rail, highways, marine, and industrial infrastructure—reduces reliance on any single segment or geography and mitigates sectoral risks. This exceptional order pipeline not only secures future revenue streams but also positions the company to benefit from the ongoing infrastructure push in India.
Indian government initiatives and increased infrastructure spending continue to generate a favorable macro environment for the company’s sector. The ongoing National Infrastructure Pipeline and continued focus of the Indian government on urban and transportation infrastructure provide a powerful external tailwind for ITD Cementation. Recent budget allocations emphasize sustained investment in public transport, metro projects, expressways, and port modernization—segments in which the company is a recognized specialist. This policy backdrop is further reinforced by the industry’s double-digit growth outlook, supporting optimism about robust order inflows and execution visibility for well-established and technically proficient players like ITD Cementation.
Technical analysis presents mixed signals but with improving volume and potential for near-term breakout amid heightened investor interest. While the stock price remains below the 50-day and 200-day simple moving averages, the strong jump above the 5-day and 20-day SMAs accompanied by unusually high trading volumes suggests renewed investor confidence and a bullish undertone, particularly in response to the Adani deal. The RSI at 51.3 is neutral, while the MFI score near 33 indicates the stock is approaching oversold territory, hinting at possible accumulation on dips. Despite the MACD remaining slightly below its signal, the overall momentum and trend strength (ADX at 28.2) point towards a moderate upward trajectory, especially if the fundamentally positive news flow continues to support sentiment.
FAQ
What is the latest dividend for ITD Cementation stock?
ITD Cementation currently pays a dividend, with the latest dividend amounting to ₹1.70 per share. The most recent payment was made in August 2024. The current dividend yield stands at 0.32%, reflecting a stable yet modest payout typical for infrastructure companies, as they often prioritize reinvestment over high dividends. The company has maintained a steady payout ratio of around 10–11% in recent years.
What is the forecast for ITD Cementation stock in 2025, 2026, and 2027?
Based on the current share price of ₹532.00, projections estimate the stock could reach ₹691.60 by the end of 2025, ₹798.00 by late 2026, and ₹1,064.00 by the close of 2027. These values reflect the company’s strong financial momentum, robust order book, and the sector’s favorable outlook supported by ongoing infrastructure development in India. The anticipated strategic ownership shift to the Adani Group also suggests potential for further growth.
Should I sell my ITD Cementation shares?
Given ITD Cementation’s healthy fundamentals, expanding order book, and improving profits, holding your shares may be prudent for investors with a medium- to long-term horizon. The company’s strong track record, sector expertise, and upcoming promoter transition to the Adani Group present growth opportunities. With India's infrastructure sector on a growth trajectory and stable financials, continuing to hold may align well with long-term investment goals.
How are dividends and capital gains from ITD Cementation taxed in India?
Dividends received from ITD Cementation are taxable in the hands of the investor as per their applicable income tax slab. For capital gains, short-term gains (holding period less than 12 months) are taxed at 15%, while long-term gains (holding period over 12 months) above ₹1 lakh attract 10% tax without indexation. No special low-tax investment schemes apply specifically to ITD Cementation, but Securities Transaction Tax (STT) is deducted on share sales.
What is the latest dividend for ITD Cementation stock?
ITD Cementation currently pays a dividend, with the latest dividend amounting to ₹1.70 per share. The most recent payment was made in August 2024. The current dividend yield stands at 0.32%, reflecting a stable yet modest payout typical for infrastructure companies, as they often prioritize reinvestment over high dividends. The company has maintained a steady payout ratio of around 10–11% in recent years.
What is the forecast for ITD Cementation stock in 2025, 2026, and 2027?
Based on the current share price of ₹532.00, projections estimate the stock could reach ₹691.60 by the end of 2025, ₹798.00 by late 2026, and ₹1,064.00 by the close of 2027. These values reflect the company’s strong financial momentum, robust order book, and the sector’s favorable outlook supported by ongoing infrastructure development in India. The anticipated strategic ownership shift to the Adani Group also suggests potential for further growth.
Should I sell my ITD Cementation shares?
Given ITD Cementation’s healthy fundamentals, expanding order book, and improving profits, holding your shares may be prudent for investors with a medium- to long-term horizon. The company’s strong track record, sector expertise, and upcoming promoter transition to the Adani Group present growth opportunities. With India's infrastructure sector on a growth trajectory and stable financials, continuing to hold may align well with long-term investment goals.
How are dividends and capital gains from ITD Cementation taxed in India?
Dividends received from ITD Cementation are taxable in the hands of the investor as per their applicable income tax slab. For capital gains, short-term gains (holding period less than 12 months) are taxed at 15%, while long-term gains (holding period over 12 months) above ₹1 lakh attract 10% tax without indexation. No special low-tax investment schemes apply specifically to ITD Cementation, but Securities Transaction Tax (STT) is deducted on share sales.
