ITD Cementation India Limited

NSEI:ITDCEM Stock Report

Market Cap: ₹87.3b

ITD Cementation India Valuation

Is ITDCEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ITDCEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ITDCEM (₹507.8) is trading below our estimate of fair value (₹646.25)

Significantly Below Fair Value: ITDCEM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ITDCEM?

Key metric: As ITDCEM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ITDCEM. This is calculated by dividing ITDCEM's market cap by their current earnings.
What is ITDCEM's PE Ratio?
PE Ratio25.7x
Earnings₹3.40b
Market Cap₹87.31b

Price to Earnings Ratio vs Peers

How does ITDCEM's PE Ratio compare to its peers?

The above table shows the PE ratio for ITDCEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.5x
POWERMECH Power Mech Projects
31.7x50.9%₹86.6b
538562 Skipper
57.3x39.9%₹61.7b
HGINFRA H.G. Infra Engineering
16.1x12.0%₹86.4b
WELENT Welspun Enterprises
20.8x13.4%₹70.9b
ITDCEM ITD Cementation India
25.7x21.0%₹87.3b

Price-To-Earnings vs Peers: ITDCEM is good value based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

How does ITDCEM's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
1xn/aUS$89.69m
533152 MBL Infrastructures
2.5xn/aUS$66.96m
ATLANTAA Atlantaa
2.4xn/aUS$48.26m
SKIL SKIL Infrastructure
0.1xn/aUS$14.01m
ITDCEM 25.7xIndustry Avg. 25.5xNo. of Companies21PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ITDCEM is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the Indian Construction industry average (25.5x).

Price to Earnings Ratio vs Fair Ratio

What is ITDCEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ITDCEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.7x
Fair PE Ratio40.4x

Price-To-Earnings vs Fair Ratio: ITDCEM is good value based on its Price-To-Earnings Ratio (25.7x) compared to the estimated Fair Price-To-Earnings Ratio (40.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ITDCEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹507.80
₹587.67
+15.7%
11.8%₹649.00₹491.00n/a3
Nov ’25₹566.05
₹531.67
-6.1%
7.3%₹565.00₹477.00n/a3
Oct ’25₹537.80
₹531.67
-1.1%
7.3%₹565.00₹477.00n/a3
Sep ’25₹554.45
₹531.67
-4.1%
7.3%₹565.00₹477.00n/a3
Aug ’25₹511.10
₹411.00
-19.6%
1.2%₹417.00₹405.00n/a3
Jul ’25₹563.40
₹411.00
-27.1%
1.2%₹417.00₹405.00n/a3
Jun ’25₹401.55
₹411.00
+2.4%
1.2%₹417.00₹405.00n/a3
May ’25₹378.95
₹364.33
-3.9%
9.9%₹405.00₹317.00n/a3
Apr ’25₹331.65
₹356.00
+7.3%
7.8%₹380.00₹317.00n/a3
Mar ’25₹326.75
₹356.00
+9.0%
7.8%₹380.00₹317.00n/a3
Feb ’25₹315.90
₹255.00
-19.3%
5.1%₹268.00₹242.00n/a2
Jan ’25₹290.15
₹255.00
-12.1%
5.1%₹268.00₹242.00n/a2
Dec ’24₹275.10
₹255.00
-7.3%
5.1%₹268.00₹242.00n/a2
Nov ’24₹198.25
₹212.50
+7.2%
2.6%₹218.00₹207.00₹566.052
Oct ’24₹216.30
₹212.50
-1.8%
2.6%₹218.00₹207.00₹537.802
Sep ’24₹234.35
₹212.50
-9.3%
2.6%₹218.00₹207.00₹554.452
Aug ’24₹186.50
₹149.50
-19.8%
7.7%₹161.00₹138.00₹511.102
Jul ’24₹163.20
₹149.50
-8.4%
7.7%₹161.00₹138.00₹563.402
Jun ’24₹164.45
₹131.33
-20.1%
20.8%₹161.00₹95.00₹401.553
May ’24₹123.65
₹120.67
-2.4%
15.3%₹138.00₹95.00₹378.953
Apr ’24₹104.35
₹119.67
+14.7%
15.1%₹138.00₹95.00₹331.653
Mar ’24₹99.35
₹119.67
+20.4%
15.1%₹138.00₹95.00₹326.753
Feb ’24₹104.30
₹120.67
+15.7%
15.9%₹141.00₹95.00₹315.903
Jan ’24₹119.10
₹120.67
+1.3%
15.9%₹141.00₹95.00₹290.153
Dec ’23₹125.20
₹120.67
-3.6%
15.9%₹141.00₹95.00₹275.103
Nov ’23₹118.45
₹94.00
-20.6%
10.7%₹103.00₹80.00₹198.253

Analyst Forecast: Target price is less than 20% higher than the current share price.

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