Buy ITD Cementation India, target price Rs 133: HDFC Securities

HDFC Securities has buy call on ITD Cementation India with a target price of Rs 133. The current market price of ITD Cementation India Ltd. is Rs 113.1.

ITD Cementation India Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 1954.08 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-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1046.71 Crore, down -5.39 % from last quarter Total Income of Rs 1106.38 Crore and up 28.42 % from last year same quarter Total Income of Rs 815.10 Crore. Company reported net profit after tax of Rs -5.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.64 per cent stake in the company as of 30-Sep-2022, while FIIs owned 10.47 per cent, DIIs 8.37 per cent.