NSE: CEMPRO | BSE: 509496

Strong Performer, Getting Expensive

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816.00 -6.25 (-0.76%)

71.21% Gain from 52W Low

205.5K NSE+BSE Volume

NSE 24 Sep, 2025 2:40 PM (IST)

14,017.9

Market Cap

High in industry

0.6

Beta 1Year

Very Low volatility

Cemindia Projects Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CEMPRO, BSE:509496 Cemindia Projects Ltd.

Cemindia Projects Ltd.

11 May 2018

816.00

-0.76%

ITD Cementation (1Q15MFY19): Muted performance. Maintain BUY

Buy: Cemindia Projects Ltd.

Recommendation Target

HDFC Securities

We maintain a BUY stance, with Rs 211/sh TP ITD Cementations (ITD) APAT came in 15.3% below our estimates at Rs 284mn. Consolidated EBITDA margins cracked to 9.3% (vs. 11.3% est.) led by lower EBIDTA contribution from Bengaluru metro project (23% revenue contribution and 5.6% EBIDTA margin).

Institutional Investors have decreased holdings from 20.09% to 10.00% in Jun 2025 qtr

Cemindia Projects Ltd.

28 Feb 2018

816.00

-0.76%

ITD Cementation has reported revenue of Rs5.7bn, which is way below our estimate due to s...

Accumulate: Cemindia Projects Ltd.

Recommendation Target

Emkay

ITD Cementation has reported revenue of Rs5.7bn, which is way below our estimate due to slower execution in its key projects. ITCE's Adj. PAT came in at Rs395mn (reported PAT at Rs190.9mn), which is better than our estimate on the back of a strong operating performance and higher other income. ITCE has a strong order book of Rs75bn (excluding L1 of Rs20bn), where execution is...

Cemindia Projects Ltd. has gained 44.18% in the last 1 Year

Cemindia Projects Ltd.

09 Nov 2017

816.00

-0.76%

ITD Cementation (3QCY17): Margins surprise. Maintain NEUTRAL

Neutral: Cemindia Projects Ltd.

Recommendation Target

HDFC Securities

We maintain a NEUTRAL stance, with Rs 189/sh TP. ITD Cementation (ITD) delivered a strong APAT beat (45.1%), on the back of reversals in provisions in Marine projects nearing completion. Adjusted for same, PAT has come in line. Execution is lacklustre, and order inflows muted (Rs 4.4bn)

Institutional Investors have decreased holdings from 20.09% to 10.00% in Jun 2025 qtr

Cemindia Projects Ltd.

23 Aug 2017, 12:00AM

816.00

-0.76%

Result Update - ITD Cementation

Buy: Cemindia Projects Ltd.

Target

Axis Direct

Wonderla holidays Q1FY18 revenue grew 19% YOY to Rs. 102cr vs Rs.86cr YOY led by 20.1% growth in average revenue per visitor where as footfall declined marginally by 1.3%.

Number of FII/FPI investors increased from 171 to 178 in Jun 2025 qtr.

Cemindia Projects Ltd.

23 Aug 2017, 12:00AM

816.00

-0.76%

Result Update - ITD Cementation

Buy: Cemindia Projects Ltd.

Target

Axis Direct

ITD Cementation in its Q2CY17 posted revenue of Rs473.cr vs Rs.830 cr in Q2CY16. This was due lower revenue from JNPT project & delay in the execution of metro projects. EBITDA of the company was reported at Rs.56cr in Q2CY17 vs Rs.57cr in Q2CY16.

Promoters have increased holdings from 46.64% to 67.46% in Jun 2025 qtr.

Cemindia Projects Ltd.

10 Aug 2017

816.00

-0.76%

ITD Cementation (2QCY17): Bottoming out. Upgrade to BUY

Buy: Cemindia Projects Ltd.

Recommendation Target

HDFC Securities

We roll forward our valuation to Jun-19E, and arrive at Rs 180/sh TP (18x Jun-19E EPS). Robust order backlog, 0.29x net D/E and improving WC are key triggers for further re-rating. With recent correction we upgrade ITD to BUY from NEUTRAL. ITD Cementation (ITD) delivered mixed 2QCY17 financial performance with (1) weak execution (Rev 13.4% below est.), (2) positive surprise on EBIDTA margins, (3) no new loss in Delhi Metro JV and (4) robust Rs 27bn order inflow during 2QCY17. Execution miss was on account of back ended execution in new order wins.

Cemindia Projects Ltd. has gained 47.17% in the last 6 Months

Cemindia Projects Ltd.

03 Jul 2017

816.00

-0.76%

Pick of the Week:03 JUL 2017

Buy: Cemindia Projects Ltd.

Recommendation Target

Axis Direct

Cemindia Projects Ltd. is trading above all available SMAs

Cemindia Projects Ltd.

12 May 2017

816.00

-0.76%

ITD Cementation (1QCY17): Recovery in sight. NEUTRAL

Neutral: Cemindia Projects Ltd.

Target

HDFC Securities

ITD Cementation (ITD) reported (1) Weak execution (Rev 15% below est.), (2) One-time EBIDTA margin surprise (14.5%) and (3) Higher?than-expected Delhi Metro loss (Rs 168mn vs Rs 100mn exp.) While results were uninspiring, we believe that Delhi Metro JV losses may be finally behind ITD (residual order book Rs 325mn). Execution miss was on account of lower rev. from JNPT project at Rs 0.6bn (Rs 4.7bn backlog).

Promoters have increased holdings from 46.64% to 67.46% in Jun 2025 qtr.

Cemindia Projects Ltd.

20 Apr 2017

816.00

-0.76%

ITD Cementation India (ITCE) delivered a stable performance in CY16 with flat YoY revenu...

Buy: Cemindia Projects Ltd.

Emkay

revenue while EBITDA margin expanded by 60bps YoY to 6.8% and adjusted for cost overruns, ITCE's EBITDA margin was 8.6%. Net debt reduced further to Rs2.7bn (net D/E of 0.4x) as working capital reduced to 49 not be consolidated in revenue/EBITDA and will directly flow to consolidated profits. We introduce CY19E estimates and upgrade the stock to Buy with a revised TP of Rs203 based on 18x Jun-19 EPS of Rs11.3. ITCE delivered a stable performance in CY16 with flat YoY revenue primarily driven by the marine segment which contributed 56% of revenue while EBITDA grew by 10% YoY as...

Promoters have increased holdings from 46.64% to 67.46% in Jun 2025 qtr.

Cemindia Projects Ltd.

24 Mar 2017, 12:00AM

816.00

-0.76%

Result Update:ITD Cem

Hold: Cemindia Projects Ltd.

Recommendation Target

Axis Direct

ITD Cementation (ITD) in its 4QCY16 posted revenue of Rs.729.75 cr, below our expectation of Rs.1063 cr, EBITDA margins were at 7.6% vs estimate of 6.1% & PAT margins were at 1.9%(Rs.13 cr) vs estimate of 2.8% (Rs.30cr ).

Cemindia Projects Ltd. has gained 47.17% in the last 6 Months

Is ITD Cementation India Ltd. worth buying?

249 Votes:

Buy 80.72%

Sell 9.24%

Hold 10.04%

RESEARCH REPORTS

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