ITD Cementation India Ltd.
Snapshot View

60.85 +3.10 ▲5.4%

20 May 2022, 04:01:00 PM
Volume: 47,708

Overview View Details

Sector Infrastructure Compare with Sector peers
Industry Engineering - Construction Compare with Industry peers
Website http://www.itdcem.co.in
Market Cap 1,045.33 Cr.
Enterprise Value(EV) 1,414.46 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 6.11 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 9.96 Trailing Twelve Months Ending 2021-12
Industry PE 38.68 Trailing Twelve Months Ending 2021-12
Book Value / Share 64.86 Trailing Twelve Months Ending 2021-12
Price to Book Value 0.94 Calculated using Price: 60.85
Dividend Yield 0.20 Period Ending 2021-03
No. of Shares Subscribed 17.18 Cr. 171,787,584 Shares
FaceValue 1
Company Profile

ITD Cementation India was incorporated on 1978 as Cemindia Company Limited and obtained Certificate of Commencement of Business on 6th November, 1978.

In 1994, the company changed its name to Trafalgar House Construction India Limited in order to reflect direct relationship with its then holding company and obtained fresh certificate of incorporation on 7th September 1994.

In the year 1996 Kvaerner ASA, acquired Trafalgar House Plc. Consequent upon this acquisition the Company changed its name to Kvaerner Cementation India Limited and obtained Fresh Certificate of Incorporation on 1st September, 1998.

In the year 2000 Skanska AB, entered into an agreement with Kvaerner Plc, to acquire the entire issued share capital of Kvaerner Construction Group Limited. Pursuant to the transaction, the control of this company changed from Kvaerner ASA to Skanska AB.

Pursuant to the requirements of SEBI Takeover Code Skanska AB made an offer to the public shareholders of this company to acquire fully paid up equity shares of this company. Subsequently the company changed its name to Skanska Cementation India Limited and obtained Fresh Certificate of Incorporation on 11th July, 2001.

The company operates in 3 business divisions which include bridges and industries division which is involved in construction of flyovers and bridges, steel and petrochemical plants, refiners, technical centers, and shopping malls, marine division which undertakes the construction of quays which handle cargo at ports and specialist engineering division which constructs railways and roads, power stations for hydroelectricity, diaphragm walling, and piling.

The company started its business in India in the year 1931 as a branch office of the Cementation Company Limited, United Kingdom (CCL UK) a member of the Trafalgar House Group for carrying on construction activities in India. Later in 1978, Reserve Bank of India granted permission to CCL, U.K. to continue to carry on its activities in India subject to India branch of CCL, U.K., being converted into an Indian company thus it was incorporated in 1978.

Over the years it has completed various projects as the rehabilitation and widening work on a highway in the Visag-Ichhapuram section; design and construction of a 450 M long structural steel bridge over Mandovi River, Goa; construction of Mansi Wakal dam, Udaipur; work on five elevated stations along the Qutub Minar-Gurgoan corridor for Delhi Metro Rail corporation (DMRC), shore piling for Bombay Dyeing at Mumbai, road development of second container terminal at Chennai international Terminals Private Limited, construction of diaphragm wall and its supporting slab on the bank of Sabarmati River for renovating water, construction of dam, powerhouse, switchyard and tunnel for the Umtru Hydro Electric Project for Megalaya State Electricity Board; Project Seabird (Defence Ministry) 6500  DWT Shiplift Civil Works; Container Berth and Yard at Mundra for Gujarat Adani Port Ltd / P & O; Liquid handling jetty for GCPTCL at Dahej and many more.

Some of the recently received projects (in Feb.2009) are Civil Construction of Substructure up to Basement Roof Level for (B+G+15) storied Commercial Complex at Haldia by Rose Valley Real Estate & Constructions Limited, Construction of Cut-off Wall for Tapovan-Vishnugarh Hydro-electric Project Barrage and Desilting Package in Chamoli Ditrict, Uttaranchal, Civil Works (Package 1), Electrical Works, Piping and Mechanical (Package 3) and allied works for Phase II modernization at Garden Reach Ship Builders & Engineers Ltd, Kolkata.

Its clientele include organizations like DMRC, Hindustan Zinc Limited, CIDCO, Maharashtra, Department of Irrigation & CAD, Andhra Pradesh, Ministry of Defence, Department of Navy, National Highways Authority of India, Northern Railway, Tata Power Company Limited, P&O Ports, Meghalaya State Electricity Board, Indian Farmers Fertilizers Corporation, Indian Molasses Company Limited, etc.

The company has formed Joint Ventures with ITD for Kolkata airport modernization project, Rehabilitation and Upgradation of 4- lane configuration  in Madhya Pradesh, Construction of 4 lane Bypass at Kota on East West Corridor in the State of Rajasthan, BC-21 Part Design and Construction of via duct and structural work of five elevated stations on Qutub Minar-Gurgoan corridor of Delhi MRTS Project, BC-24 Design and Construction of over five kilometres of underground metro construction is to be carried out with advanced tunnel boring machines and includes the Khan Market, Jawaharlal Nehru stadium, Jangpura stations and ancillary works on the Central Secretariat – Badarpur Corridor of Delhi MRTS (Value of Contract Rs 8930 Million)

In 2010 ITD Cementation India Joint Venture bagged major Jaipur Metro Project from DMRC.

2013 - ITD Cementation bags Order for Rs. 546 Crore from DMRC in its Joint Venture

2015 -ITD Cementation bags Rs 2,168 crore JNPT order from BMCT

The company operates in- Marine Structures, Foundations, Transportation Projects, Hydro Electric Projects/Tunnels/Dams, Industrial Civil Works and Urban Infrastructure.

About the parent company

Itallian-Thai Development Public Company Limited was founded by Dr Chaijudh Karnasuta and Giorgio Berlingieri, who had the objective to establish a Thai construction company. It was incorporated on 15 August 1958, under the civil and commercial Code of Kingdom of Thailand. Currently it has 13 subsidiaries [9 subsidiaries in Thailand, one in Myanmar, one in Indonesia, one in India and one in U.A.E.] and 21 joint ventures [15 in Thailand, two in Laos, two in Taiwan, one in Cambodia and one in Bangladesh]. ITD has 16 Associate Companies.

Subsidiary company

The company established its wholly owned subsidiary ITD Cementation Projects India Limited (ICPIL) on June 21, 2007 to carry on the business of construction, design, execution, administer and manage or control infrastructural projects.

Awards/Achievements

  • 2016- CIDC Vishwakarma Award 2016: for civil construction of nbc-ii v. o. chidambaranar Port, Tuticorin; and for Nhava Sheva India gateway Terminal (nsigt)-Quary contract (330m extension) at JNPT, Mumbai.
  • National Safety Council of India, Safety Award (Prashansa Patra) for Kandla Port Project, 2007
  • Gujarat Pipavav Port Ltd, Trophy and certificate for being the safety conscious contractor in project work, 2007
  • National Safety Council of India, Safety Award (Prashansa Patra) for DMRC- Dwaraka Project, 2006
  • National Safety Council of India, Safety Award (Prashansa Patra) for Sabarmati River Front Development Project, 2006
  • National Safety Council of India, Bronze Safety Award for Goa Bridge Project, 2005
  • Indian Concrete Institute, Birla Plus Endowment Award for Outstanding Concrete Structure for Shiplift Works Project Seabird, Karwar, 2005
  • Tamilnadu and Kerala Mine Safety Association, Best Quarry Award, 2004
  • Samsung Engineering Exp, Award for Excellence – IOCL Barauni Refinery, 2001
  • Indian Institute of Bridge Engineers, 6th Outstanding Award for Khairanne Road Over-bridge, 1999
  • Indian Institute of Bridge Engineers, 6th Outstanding Award for Dadar – Khodadad  Circle Flyover, 1999

Appreciation Letters

  • Kandla Port Trust – October 2008
  • Delhi Metro Rail Corporation – July 2008
  • Delhi Metro Rail Corporation – February 2007
  • Central Railway, DRM Pune – February 2006
  • Delhi Metro Rail Corporation –Dwaraka Station Work - July 2006
  • RITES-SOWIL-SECON (JV) – KR2 and KR3 Road Projects – January 2005
  • NTPC-Kahalgaon-January 2005
  • Redecon Australia Pty Ltd – Seabird Karwar – February 2005
  • PWD-Goa- Amona-Khandola Bridge Project – January 2005
  • Tata Power – New Water Conductor Tunnel Project Khopoli – April 2004
  • The company is ISO-9001:2000, ISO-14001:2004, and OHSAS-18001:1999 certified and is following IMS Policy.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+5.37%
1 Week
+5.73%
1 Month
-11.62%
3 Month
-16.18%
6 Month
-20.09%
1 Year
-24.50%
2 Year
+78.18%
5 Year
-65.54%
10 Year
+182.89%
9 years 2012-12 2013-12 2014-12 2015-12 2016-12 2017-12 2019-03 2020-03 2021-03
Return on Equity (%) 5.62 2.30 3.98 -11.02 20.42 14.84 10.17 1.54 -1.61
Return on Capital Employed (%) 13.59 12.89 12.93 4.35 24.32 22.56 19.48 10.57 8.42
Return on Assets (%) 1.26 0.52 0.97 -2.59 5.03 4.04 3.34 0.56 -0.54

Balance Sheet View Details

Particulars 10 years 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2014-12 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 400 408 568 508 552 617 1,021 1,053 1,066 1,098
Non Curr. Liab. 65 -6 31 -26 69 34 46 100 151 149
Curr. Liab. 1,307 1,436 1,581 1,918 1,278 1,741 1,523 1,967 1,963 2,142
Minority Int. 1 1 2 3 3 3
Equity & Liab. 1,773 1,839 2,180 2,401 1,900 2,393 2,592 3,123 3,183 3,392
Non Curr. Assets 367 387 533 602 747 720 679 1,041 988 992
Curr. Assets 1,406 1,452 1,647 1,798 1,152 1,673 1,913 2,082 2,195 2,400
Misc. Exp. not W/O
Total Assets 1,773 1,839 2,180 2,401 1,900 2,393 2,592 3,123 3,183 3,392

Profit Loss View Details

Particulars 10 years 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2014-12 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 1,539 1,584 1,719 3,071 2,938 2,061 3,170 2,861 2,728 3,619
Other Income 10 34 41 51 27 35 19 5 12 14
Total Income 1,549 1,618 1,760 3,122 2,965 2,096 3,189 2,865 2,740 3,634
Total Expenditure -1,348 -1,422 -1,650 -2,909 -2,673 -1,789 -2,848 -2,565 -2,515 -3,296
PBIDT 201 196 110 214 292 307 341 300 225 338
Interest -119 -128 -136 -138 -89 -88 -124 -131 -138 -144
Depreciation -51 -44 -43 -37 -46 -58 -82 -96 -100 -101
Taxation -9 -15 -7 25 -48 -53 -51 -16 -4 -20
Exceptional Items 96 -124 -22 -41
PAT 22 9 19 -59 108 87 83 16 -17 72
Minority Interest 0 0 -1 -1 0 -1
Share Associate -57 -14 0 28 33 33
Other Related Items
Consolidated Net Profit 22 9 19 -59 51 73 82 43 16 105
Adjusted EPS 2 1 1 -4 3 5 5 3 1 6

Cash Flow View Details

Particulars 10 years 2011-12 Rs. Cr. 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2014-12 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 57 15 187 44 465 326 68 -134 447 235
Cash Fr. Inv. -69 -37 -49 -38 -104 -20 -157 -133 -87 -84
Cash Fr. Finan. -1 18 -147 -4 -302 -222 40 244 -212 -260
Net Change -13 -3 -9 1 59 83 -49 -24 147 -110
Cash & Cash Eqvt 36 33 24 25 84 163 113 90 237 127

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 46.64 46.64 46.64 46.64 46.64 46.64 46.64 46.64 46.64
Public 53.36 53.36 53.36 53.36 53.36 53.36 53.36 53.36 53.36
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 17 May 2022
Board Meeting Intimation for Audited Financial Results For The Quarter And Year Ended 31St March 2022 And Recommend Dividend If Any.
ITD CEMENTATION INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2022 inter alia to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) we wish to inform you that a meeting of the Board of Directors of the Company will be held on Thursday 26th May 2022 at Mumbai inter-alia to consider and approve the Audited Financial Results for the quarter and year ended 31st March 2022 and recommend dividend if any.
Thu, 21 Apr 2022
Compliance Under Regulation 40 Of Listing Regulations 2015 As Amended
Pursuant to Regulation 40(10) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended from time to time we send herewith a certificate from a Practising Company Secretary for the financial year ended 31st March 2022 for your information and records.
Mon, 18 Apr 2022
Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayITD CEMENTATION INDIA LTD.
2CINL61000MH1978PLC020435
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 124.38
4Highest Credit Rating during the previous FY A
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: RAHUL NEOGI
Designation: COMPANY SECRETARY AND COMPLIANCE OFFICER
EmailId: rahul.neogi@itdcem.co.in
Name of the Chief Financial Officer: MR PRASAD PATWARDHAN
Designation: CHIEF FINANCIAL OFFICER
EmailId: prasad.patwardhan@itdcem.co.in

Date: 18/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

Technical Scans View Details

Fri, 20 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Closing Above Previous High Closing Above Previous High
Close Within 52 Week Low Zone Close Within 52 Week Low Zone

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