NSEI:ITDCEM

Stock Analysis Report

ITD Cementation India

Executive Summary

ITD Cementation India Limited provides construction and civil engineering services in India.

Snowflake

Fundamentals

Reasonable growth potential with mediocre balance sheet.

Share Price & News

How has ITD Cementation India's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-13.8%

ITDCEM

1.6%

IN Construction

2.3%

IN Market


1 Year Return

-67.0%

ITDCEM

4.7%

IN Construction

0.3%

IN Market

Return vs Industry: ITDCEM underperformed the Indian Construction industry which returned 4.7% over the past year.

Return vs Market: ITDCEM underperformed the Indian Market which returned 0.3% over the past year.


Shareholder returns

ITDCEMIndustryMarket
7 Day-13.8%1.6%2.3%
30 Day-43.7%1.5%2.2%
90 Day-57.4%-5.9%-2.7%
1 Year-66.8%-67.0%6.0%4.7%2.3%0.3%
3 Year-71.7%-71.9%21.1%17.1%20.7%14.7%
5 Year-16.8%-17.5%39.5%31.9%41.4%28.2%

Price Volatility Vs. Market

How volatile is ITD Cementation India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ITD Cementation India undervalued compared to its fair value and its price relative to the market?

14.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ITDCEM (₹38.9) is trading above our estimate of fair value (₹3.02)

Significantly Undervalued: ITDCEM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ITDCEM is poor value based on its PE Ratio (14.5x) compared to the Construction industry average (12.6x).

PE vs Market: ITDCEM is poor value based on its PE Ratio (14.5x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: ITDCEM is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: ITDCEM is good value based on its PB Ratio (0.6x) compared to the IN Construction industry average (0.7x).


Next Steps

Future Growth

How is ITD Cementation India forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

54.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITDCEM's forecast earnings growth (54.2% per year) is above the savings rate (7.6%).

Earnings vs Market: ITDCEM's earnings (54.2% per year) are forecast to grow faster than the Indian market (18.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ITDCEM's revenue (16% per year) is forecast to grow faster than the Indian market (11.4% per year).

High Growth Revenue: ITDCEM's revenue (16% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if ITDCEM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ITD Cementation India performed over the past 5 years?

46.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ITDCEM has become profitable over the past 5 years, growing earnings by 46.6% per year.

Accelerating Growth: ITDCEM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ITDCEM had negative earnings growth (-54.3%) over the past year, making it difficult to compare to the Construction industry average (1.1%).


Return on Equity

High ROE: ITDCEM's Return on Equity (4.2%) is considered low.


Return on Assets

ROA vs Industry: ITDCEM's Return on Assets is below or equal to the Construction industry average last year.


Return on Capital Employed

ROCE Improving: ITDCEM's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is ITD Cementation India's financial position?


Financial Position Analysis

Short Term Liabilities: ITDCEM's short term assets (₹19.1B) exceeds its short term liabilities (₹15.4B)

Long Term Liabilities: ITDCEM's short term assets (19.1B) exceeds its long term liabilities (325.9M)


Debt to Equity History and Analysis

Debt Level: ITDCEM's debt to equity ratio (52%) is considered high

Reducing Debt: ITDCEM's debt to equity ratio has reduced from 191% to 52% over the past 5 years.

Debt Coverage: ITDCEM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ITDCEM's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet

Inventory Level: ITDCEM has a high level of physical assets or inventory.

Debt Coverage by Assets: ITDCEM's debt is covered by short term assets (assets are 3.594530x debt).


Next Steps

Dividend

What is ITD Cementation India's current dividend yield, its reliability and sustainability?

0.88%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%0.6%markettop25%2.5%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ITDCEM's dividend (0.88%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: ITDCEM's dividend (0.88%) is low compared to the top 25% of dividend payers in the Indian market (2.5%).

Stable Dividend: ITDCEM's dividend payments have been volatile in the past 10 years.

Growing Dividend: ITDCEM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.8%), ITDCEM's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of ITD Cementation India's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Jayanta Basu 0

0.5yrs

Tenure

₹8,761,974

Compensation

Mr. Jayanta Basu has been Managing Director of ITD Cementation India Limited since April 23, 2019 and its Whole-Time Director since October 31, 2018. He was Deputy Managing Director of ITD Cementation Indi ...


CEO Compensation Analysis

Compensation vs. Market: Jayanta has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Indian market.

Compensation vs Earnings: Insufficient data to compare Jayanta's compensation with company performance.


Management Age and Tenure

2.3yrs

Average Tenure

60yo

Average Age

Experienced Management: ITDCEM's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

1.0yrs

Average Tenure

72yo

Average Age

Experienced Board: ITDCEM's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Prasad Patwardhan (53yo)

    CFO & Senior EVP

    • Tenure: 2.3yrs
    • Compensation: ₹9.11m
  • Ravindra Havaldar (69yo)

    Divisional Head of Specialist-Engineering Group & Deputy Director

    • Tenure: 0yrs
    • Compensation: ₹1.25m
  • Gautam Basuroy (60yo)

    Senior Vice President

    • Tenure: 0yrs
    • Compensation: ₹1.26m
  • Rupak Sarkar

    Joint Executive VP & COO

    • Tenure: 0yrs
  • Manish Kumar

    Joint Executive Vice President & CTO

    • Tenure: 0yrs
  • Jayanta Basu

    MD & Whole-Time Director

    • Tenure: 0.5yrs
    • Compensation: ₹8.76m
  • Rahul Neogi

    Compliance Officer & Company Secretary

    • Tenure: 2.7yrs
    • Compensation: ₹5.44m
  • Ashwin Parmar

    Executive VP & CBO

    • Tenure: 0yrs
  • Santi Jongkongka

    Executive Vice Chairman

    • Tenure: 0.08yrs
  • S. Chanchlani

    Senior VP & CCO

    • Tenure: 0yrs

Board Members

  • Sunil Singh (73yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: ₹1.20m
  • Deba Roy (78yo)

    Independent Non Executive Director

    • Tenure: 12.3yrs
    • Compensation: ₹1.36m
  • Piyachai Karnasuta (44yo)

    Non-Executive Chairman

    • Tenure: 0.5yrs
  • Jayanta Basu

    MD & Whole-Time Director

    • Tenure: 0.5yrs
    • Compensation: ₹8.76m
  • Ramola Mahajani (71yo)

    Independent Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: ₹1.06m
  • Pankaj I. Jain

    Independent Non-Executive Director

    • Tenure: 1yrs
    • Compensation: ₹300.00k
  • Santi Jongkongka

    Executive Vice Chairman

    • Tenure: 0.08yrs

Company Information

ITD Cementation India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ITD Cementation India Limited
  • Ticker: ITDCEM
  • Exchange: NSEI
  • Founded: 1931
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₹6.683b
  • Shares outstanding: 171.79m
  • Website: https://www.itdcem.co.in

Number of Employees


Location

  • ITD Cementation India Limited
  • National Plastic Building
  • A - Subhash Road
  • Mumbai
  • Maharashtra
  • 400057
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
509496BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1996
ITDCEMNSEI (National Stock Exchange of India)YesEquity SharesININRMay 1996

Biography

ITD Cementation India Limited provides construction and civil engineering services in India. The company constructs maritime structures, including jetties, dolphins, service platforms, quay, berths on conc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:48
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.