Update shared on21 Aug 2025
Fair value Increased 7.77%The uptick in the consensus Analyst Price Target for ITD Cementation India to ₹828.00 is primarily driven by a higher Future P/E multiple, signaling improved earnings expectations relative to unchanged discount rates.
What's in the News
- Renew Exim DMCC acquired a 46.64% stake in ITD Cementation India from Italian-Thai Development, becoming the new promoter; a mandatory open offer for an additional 26% stake was also launched, with a potential total holding of 72.64%.
- The company changed its name from ITD Cementation India Limited to Cemindia Projects Limited, along with consequential amendments to its Memorandum and Articles of Association.
- Mr. Nitesh Sharma was appointed as Chief Financial Officer, replacing Mr. Prasad Patwardhan, who resigned.
- ITD Cementation secured major contracts, including a USD 67.4 million marine contract in Abu Dhabi, an INR 8,930 million jetty project in Odisha, and INR 9,600 million in contracts for projects in Kerala and West Bengal.
- A dividend of INR 2.00 per share (200%) was approved for the financial year ended March 31, 2025.
Valuation Changes
Summary of Valuation Changes for ITD Cementation India
- The Consensus Analyst Price Target has risen from ₹768.33 to ₹828.00.
- The Future P/E for ITD Cementation India has risen from 24.62x to 26.52x.
- The Discount Rate for ITD Cementation India remained effectively unchanged, moving only marginally from 16.06% to 16.05%.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.