Skip to main content
Swing Capital

Cemindia Projects Ltd

NSE: CEMPRO BSE: 509496Infra

ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India. [1]

₹877
52W: ₹481 — ₹983
PE 25.4 · Book ₹139 · +531% vs book
Market Cap₹15,072 Cr
Stock P/E25.4Price to Earnings
ROCE33.7%Return on Capital
ROE28.1%Return on Equity
Div. Yield0.35%Face Value ₹1

Strengths

  • +Company has delivered good profit growth of 112% CAGR over last 5 years

Weaknesses

  • −Company's cost of borrowing seems high

Shareholding Pattern

Promoters67.46%
FIIs7.31%
DIIs1.94%
Public23.28%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters46.64%46.64%46.64%46.64%67.46%▲20.867.46%67.46%67.46%
FIIs20%20.99%▲1.017.04%▼3.913.95%▼3.19.21%▼4.78.36%▼0.98.19%▼0.27.31%▼0.9
DIIs2.44%2.32%▼0.12.6%▲0.36.14%▲3.50.79%▼5.30.72%▼0.11.5%▲0.81.94%▲0.4
Public30.92%30.06%▼0.933.72%▲3.733.28%▼0.422.55%▼10.723.45%▲0.922.84%▼0.623.28%▲0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,9222,2372,3761,8982,2702,5322,5482,1952,3042,907
Expenses1,7182,0172,1551,7192,0632,2772,3071,9932,0832,553
Operating Profit204220222179207255242202221354
OPM %11%10%9%9%9%10%9%9%10%12%
Net Profit78901007287114137108110239
EPS ₹4.565.215.834.195.076.617.996.276.413.92

AI Insights

Revenue Trend

Mar 2026 revenue at ₹9,983Cr, up 11.2% YoY. OPM at 10%.

Debt Position

Borrowings at ₹905Cr. Debt-to-equity ratio: 0.38x. Healthy balance sheet.

Capex Cycle

CWIP at ₹22Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.94% (-2.63pp change). FIIs: 7.31% (-6.15pp change). Promoters hold 67.46%.

Margin & Efficiency

ROCE improving from 5% (Dec 2014) to 34% (Mar 2026). Working capital days: 7.

Valuation

PE 25.4x with 33.7% ROCE. Price is 531% above book value of ₹139. Dividend yield: 0.35%.

Recent Announcements