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

HDFC Securities has buy call on ITD Cementation India 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 ITD Cementation India Ltd. 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.