Buy ITD Cementation India, target price Rs 126: HDFC Securities

Buy ITD Cementation India, target price Rs 126: HDFC Securities
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Synopsis

ITD Cementation India Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 1708.43 Crore) operating in Construction sector.

Agencies
Promoters held 46.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.47 per cent, DIIs 11.62 per cent.
Securities has buy call on with a target price of Rs 126. The current market price of ITD Cementation India is Rs 99.3. Time period given by analyst is one year when . price can reach defined target.

ITD Cementation India Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 1708.43 Crore) operating in Construction sector.

ITD Cementation India Ltd. key Products/Revenue Segments include Contract Revenue and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1106.38 Crore, down -5.99 % from last quarter Total Income of Rs 1176.89 Crore and up 33.62 % from last year same quarter Total Income of Rs 828.00 Crore. Company reported net profit after tax of Rs 27.17 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.47 per cent, DIIs 11.62 per cent.
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