ITD Cementation India's share price is expected to be in focus on Friday, June 20, 2025, after the company announced securing two new contracts worth approximately ₹960 crore. These projects, awarded to the company, encompass significant infrastructure development works in Kerala and West Bengal, marking a substantial boost to its order book.
The newly secured contracts include:
These new projects build upon ITD Cementation's recent success in securing a ₹893 crore contract for the construction of berth and breakwater structures for a greenfield captive jetty project in Odisha. This continuous inflow of projects underscores the company's robust capabilities and strong position in the infrastructure and heavy civil engineering sector.
Financial Performance and Market Reaction
The company's strong financial performance in the recent past has further bolstered investor confidence. For the quarter ended March 2025, ITD Cementation reported a consolidated net profit of ₹113.91 crore, a substantial increase of 26.86% compared to the same quarter in the previous year. Revenue from operations also saw a growth of 9.83% year-on-year, reaching ₹2,479.72 crore. The company's annual net profit for FY25 rose by 36.20% to ₹373.33 crore, with revenue increasing by 17.87% to ₹9,096.94 crore.
The positive news regarding the contract wins and financial results has had a favorable impact on ITD Cementation's stock price. On June 10, 2025, the company's shares surged over 7% after announcing the ₹893 crore jetty contract. The stock hit a 52-week high of ₹830 on the NSE, reflecting strong investor sentiment. Over the past two trading sessions before June 10, the stock gained 9.57%, driven by the large-scale project in Odisha.
Company Overview
ITD Cementation India Limited is a well-established engineering and construction company with nearly nine decades of experience in India. The company is known for its expertise in heavy civil engineering and infrastructure projects, including maritime structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams, irrigation systems, highways, bridges, industrial buildings, and water management systems. As of March 31, 2025, the company reported a consolidated order book of ₹18,300 crore, having secured orders worth over ₹7,100 crore during FY25.
The company's parentage, with Italian Thai Development Public Company Ltd (ITD, Bangkok) holding approximately 47% of the company as of June 2024, provides access to the latest technology, international design and engineering practices, and skilled personnel, further augmenting its local strengths.
Analysts' Perspectives
Analysts have given "Buy" or "Add" ratings to ITD Cementation shares, with target prices ranging from ₹126 to ₹670. This indicates a positive outlook on the company's future performance.
Stock Performance
The recent contract wins, combined with strong financials and positive market sentiment, suggest that ITD Cementation India's share price will likely see increased activity on Friday.
