ITD Cementation India Ltd. News and Updates

Name: Latest research reports of ITD Cementation India Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: ITD Cementation India Ltd.
Rating: 3
Author: HDFC Securities

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ITD Cementation India Ltd.

14 Aug 2019

543.35

3.74%

ITD Cementation (1QFY20): Re-rating triggers awaited. Maintain NEUTRAL

Neutral: ITD Cementation India Ltd.

Target

HDFC Securities

ITD fundamental matrix has not seen any change for good in recent quarters. Margins have deteriorated, debt has increased and NWC remains elevated. New wins have largely been non marine. With no near term positive triggers, re-rating will take time. We maintain NEUTRAL. Key risks (1) High competitive intensity in marine segment with bigger competition from L&T, (2) Sustained cost overruns in projects, and (3) BS and NWC deterioration. We maintain NEUTRAL on ITD with a reduced TP of Rs 78/sh (12x Mar-21E EPS) vs. (Rs 95/sh earlier). TP reduction is on account of 17.3/17.2% FY20/21E EPS cut. Lack of large marine orders wins, higher share of NWC intensive infrastructure order book and limited visibility on debt reduction pose significant headwinds.

ITD Cementation India Ltd.'s price crossed above 100Day SMA today

ITD Cementation India Ltd.

13 Aug 2019

543.35

3.74%

CBDT denies reports of issuing tax notices to Durga Puja committees in Kolkata

Business Today

Responding to media reports that ITD has sent notices to Durga Puja Committee Forum in the last few weeks, the Central Board of Direct Taxes (CBDT) said it is "unequivocally" stated that the said reports are factually incorrect

ITD Cementation Indi.. has an average target of 579.33 from 3 brokers.

ITD Cementation India Ltd.

25 May 2019

543.35

3.74%

ITD Cementation (5Q15MFY19): Lacking triggers. Maintain NEUTRAL

Neutral: ITD Cementation India Ltd.

Recommendation Target

HDFC Securities

ITD's surprise Mar-19 quarter loss brought back memories of Delhi Metro. The company has added elevated metro as one more segment (besides roads) to its no bid list now. BS and NWC days deterioration will take time to reverse. ITD strengths in complex jobs execution is not translating into profitable growth. With no near term positive triggers, re-rating will take time. We maintain NEUTRAL. Key risks (1) High competitive intensity in urban infra, (2) Sustained cost overruns in projects, and (3) BS and NWC deterioration. We maintain NEUTRAL on ITD with a TP of Rs 118/sh (15x Mar-21E EPS). We believe ITD has failed to deliver on profitable growth and multiple headwinds like (1) Bengaluru elevated losses; (2) Limited visibility on Marine wins; and (3) High debt, limits further re-rating.

ITD Cementation India Ltd.'s price crossed above 30Day SMA today

ITD Cementation India Ltd.

17 Feb 2019

543.35

3.74%

ITD Cementation (4Q15MFY19): Strong performance. Maintain BUY

Buy: ITD Cementation India Ltd.

Target

HDFC Securities

Maintain BUY with a reduced TP of Rs 168/sh. ITD Cementations (ITD) APAT came in 23% ahead of our estimate at Rs 343mn. Consolidated/Standalone EBIDTA stood at 16.9/13.3% (aided by JNPT provision reversals). Bengaluru metro project contributed Rs 1.9bn revenue and Rs 93mn EBIDTA (4.8% EBIDTA margin). ITD expects lower margins from Bengaluru Metro project (Rs 11bn residual value) owing to a 20% reduction in scope. ITD will file claims for same.

ITD Cementation India Ltd.'s price crossed above 30Day SMA today

ITD Cementation India Ltd.

05 Nov 2018

543.35

3.74%

ITD Cementation (3Q15MFY19): Cautiously optimistic. Maintain BUY

Buy: ITD Cementation India Ltd.

Target

HDFC Securities

Maintain cautious optimism with BUY and Rs 189/sh TP ITD Cementations (ITD) APAT came in line with our estimates at Rs 274mn despite EBITDA beat of 33% (aided by Rs 100-150bn of provision reversals) as the Mumbai and Kolkata metro projects are yet to start contributing to profits (loss from associate stood at Rs 4mn vs Rs 40mn QoQ).

ITD Cementation India Ltd. is trading above all available SMAs

ITD Cementation India Ltd.

11 Oct 2018, 11:21AM

543.35

3.74%

IT raids at media mogul Raghav Bahl's home in Noida, 'The Quint' office

IBTimes India

It is understood that the searches are being conducted at the premises of a few other people as part of the ITD action to probe tax evasion by a set of business professionals.

ITD Cementation India Ltd.'s price crossed above 30Day SMA today

IT dept searches premises of Raghav Bahl

Economic Times | 11 Oct 2018, 10:55AM

ITD Cementation India Ltd.

21 Sep 2018

543.35

3.74%

Orders bode well for ITD Cementation

Business Line

ITD Cementation India has received letters of acceptance/intent aggregating 845 crore for upgrading of passenger terminal building and airside facil

ITD Cementation India Ltd. has gained 47.01% in the last 1 Year

ITD Cementation India Ltd.

21 Aug 2018

543.35

3.74%

Broker's call: ITD Cementation (Buy)

Business Line

Anand RathiITD Cementation (Buy)CMP: 132.85Target: 190ITD Cementation India is involved in construction and civil engineering. The company is engage

ITD Cementation India Ltd.'s price crossed above 100Day SMA today

ITD Cementation India Ltd.

17 Aug 2018

543.35

3.74%

ITD Cementation (2Q15MFY19): A leg up. Maintain BUY

Buy: ITD Cementation India Ltd.

HDFC Securities

Maintain BUY with Rs 211/sh TP. ITD Cementations (ITD) APAT came in 22.9% ahead of our estimates at Rs 289mn. Consolidated EBITDA margins expanded 204bps YoY to 13.2% (vs. 10.1% est.) led by better profitability in standalone and 100-150bps contribution from residual profits in completed marine projects.

Number of FII/FPI investors decreased from 185 to 171 in Mar 2025 qtr

ITD Cementation India Ltd.

17 Aug 2018

543.35

3.74%

ITD Cementation (ITCE) reported revenue of Rs6.5bn, which was above our as well as street...

Buy: ITD Cementation India Ltd.

Recommendation Target

Emkay

ITD Cementation (ITCE) reported revenue of Rs6.5bn, which was above our as well as street estimates of Rs6bn, mainly due to faster execution in its key projects. Operating margin (OPM) stood higher at 13.2%, as some projects were on the verge of completion. ITCE has a strong order book of Rs90.6bn (ex-L1 of Rs9.4bn), where execution is likely to pick up materially and flow into earnings over FY19-20E. ITCE has already received...