ITD Cementation India Limited (IN:CEMPRO)
:CEMPRO
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ITD Cementation India Limited
(CEMPRO)
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Rating:66Neutral
Price Target:
₹700.00
▼(-9.67% Downside)
Action:ReiteratedDate:03/05/26
The score is primarily supported by strong operating performance (solid revenue growth, healthy gross margin, improving profitability) and a generally manageable balance sheet with strong ROE. This is offset by a key risk in cash generation (negative free cash flow) and very weak technicals (price below all major moving averages with negative MACD and oversold RSI), while valuation is roughly mid-range with a low dividend yield.
Positive Factors
Strong revenue & margins
Sustained double-digit revenue growth alongside a 35%+ gross margin implies consistent wins on large infrastructure contracts and disciplined cost control. These durable trends support multi-year profitability on long-duration projects and underpin long-term cash generation if sustained.
Negative Factors
Negative free cash flow
Negative FCF in 2025 shows capital expenditures and project working capital outpaced operating cash, eroding liquidity. For long-duration EPC contracts this heightens refinancing and funding risk, limiting the firm's ability to self-fund growth or absorb delayed client payments over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue & margins
Sustained double-digit revenue growth alongside a 35%+ gross margin implies consistent wins on large infrastructure contracts and disciplined cost control. These durable trends support multi-year profitability on long-duration projects and underpin long-term cash generation if sustained.
Read all positive factors
ITD Cementation India Limited (CEMPRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹111.28B
Dividend Yield0.24%
Average Volume (3M)20.93K
Price to Earnings (P/E)30.5
Beta (1Y)0.95
Revenue Growth7.19%
EPS Growth34.57%
CountryIN
Employees2,769
SectorBasic Materials
Sector Strength58
IndustryEngineering & Construction
Share Statistics
EPS (TTM)6.83
Shares Outstanding171,787,580
10 Day Avg. Volume12,889
30 Day Avg. Volume20,931
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)7.46
Price to Sales (P/S)1.50
P/FCF Ratio-543.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)37.8
Revenue Forecast (FY)₹116.72B
ITD Cementation India Limited Business Overview & Revenue Model
Company Description
Cemindia Projects Limited provides construction and civil engineering contracting services in India. The company constructs maritime structures, including jetties, dolphins, service platforms, quay, berths on concrete and steel piles, solid gravit...
How the Company Makes Money
ITD Cementation primarily makes money by executing infrastructure construction and specialized foundation contracts for public-sector and private-sector clients. Revenue is largely recognized from (i) EPC and construction contracts where the compa...
ITD Cementation India Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.00B | 77.18B | 50.91B | 38.09B | 27.28B | 28.61B |
| Gross Profit | 21.49B | 26.90B | 18.40B | 13.89B | 10.71B | 10.98B |
| EBITDA | 6.39B | 7.25B | 3.81B | 2.76B | 1.82B | 2.69B |
| Net Income | 3.08B | 2.74B | 1.24B | 688.05M | 157.56M | 431.62M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 59.17B | 50.17B | 36.16B | 31.88B | 31.06B |
| Cash, Cash Equivalents and Short-Term Investments | 4.48B | 7.01B | 4.74B | 4.07B | 1.40B | 2.37B |
| Total Debt | 0.00 | 8.89B | 7.66B | 5.60B | 4.58B | 5.39B |
| Total Liabilities | -16.36B | 44.19B | 37.75B | 24.82B | 21.20B | 20.50B |
| Stockholders Equity | 16.36B | 14.94B | 12.38B | 11.31B | 10.66B | 10.53B |
Cash Flow | ||||||
| Free Cash Flow | 4.36B | 3.48B | 527.60M | 2.28B | 896.21M | 3.67B |
| Operating Cash Flow | 7.21B | 7.04B | 4.71B | 3.39B | 2.35B | 4.76B |
| Investing Cash Flow | -2.77B | -4.19B | -4.38B | -247.37M | -841.49M | -1.17B |
| Financing Cash Flow | -2.58B | -1.23B | 277.87M | -556.91M | -2.60B | -2.12B |
ITD Cementation India Limited Technical Analysis
Positive
774.90
Price Trends
586.64
Positive
673.13
Negative
738.68
Negative
Market Momentum
17.93
Negative
66.46
Neutral
96.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CEMPRO, the sentiment is Positive. The current price of 774.9 is above the 20-day moving average (MA) of 569.62, above the 50-day MA of 586.64, and above the 200-day MA of 738.68, indicating a neutral trend. The MACD of 17.93 indicates Negative momentum. The RSI at 66.46 is Neutral, neither overbought nor oversold. The STOCH value of 96.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CEMPRO.
ITD Cementation India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹5.52T | 43.68 | ― | 0.84% | 11.71% | 26.23% | |
68 Neutral | ₹101.71B | 20.56 | ― | 1.37% | -8.12% | -10.20% | |
66 Neutral | ₹111.28B | 30.53 | ― | 0.24% | 7.19% | 34.57% | |
63 Neutral | ₹141.31B | 41.51 | ― | 1.56% | -16.20% | -19.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | ₹52.57B | 118.38 | ― | ― | -27.52% | -38.46% |
* Basic Materials Sector Average
IN:CEMPRO
ITD Cementation India Limited
663.25
163.53
32.72%
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ITD Cementation India Limited Corporate Events
Cemindia Projects Files SEBI Dematerialization Compliance Certificate for March Quarter
Apr 7, 2026
Cemindia Projects Limited has informed the stock exchanges that it has received a confirmation certificate from its registrar and share transfer agent, KFin Technologies Limited, under Regulation 74(5) of the SEBI (Depositories and Participants) R...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.