Want to see IN:CEMPRO full AI Analyst Report?
Top Page
ITD Cementation India Limited
(CEMPRO)
Select Model
Select Model
Rating:68Neutral
Price Target:
₹1,333.00
▲(72.02% Upside)
Action:Downgraded
Date:07/01/26
The score is driven by strong technical uptrend signals and solid reported growth/profitability with improving leverage, but it is held back by weak/volatile free cash flow and a demanding valuation (high P/E with minimal dividend yield).
Positive Factors
Strong revenue growth
Rapid multi-year revenue expansion indicates stronger project execution and growing infrastructure demand. If the company sustains this scale of order delivery, a larger revenue base can improve operating leverage, reinforce market position, and support continued earnings growth over the next several quarters.
Negative Factors
Weak cash conversion
Low free-cash-flow conversion means reported profits are not translating fully into cash available to shareholders or for internally funded expansion. Persistent conversion weakness could increase reliance on financing and make results more sensitive to project billing and working-capital timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Rapid multi-year revenue expansion indicates stronger project execution and growing infrastructure demand. If the company sustains this scale of order delivery, a larger revenue base can improve operating leverage, reinforce market position, and support continued earnings growth over the next several quarters.
Read all positive factors
ITD Cementation India Limited (CEMPRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹216.04B
Dividend Yield0.25%
Average Volume (3M)20.10K
Price to Earnings (P/E)35.0
Beta (1Y)0.96
Revenue Growth10.02%
EPS Growth46.78%
CountryIN
Employees3,187
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)17.95
Shares Outstanding171,787,580
10 Day Avg. Volume10,743
30 Day Avg. Volume20,101
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.66
Price to Sales (P/S)0.87
P/FCF Ratio67.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)41.98
Revenue Forecast (FY)₹123.98B
ITD Cementation India Limited Business Overview & Revenue Model
Company Description
Cemindia Projects Limited, a civil engineering and construction company based in Mumbai, India, was established in 1931. The firm offers a wide array of contracting services throughout India. Its expertise covers various domains, including the con...
How the Company Makes Money
ITD Cementation primarily makes money by executing construction and infrastructure contracts for public- and private-sector customers. Its core revenue model is project-based: it bids for EPC and construction packages, wins orders, and recognizes ...
ITD Cementation India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.00B | 100.61B | 77.18B | 50.91B | 38.09B | 27.28B |
| Gross Profit | 21.49B | 15.64B | 26.90B | 18.40B | 13.89B | 10.71B |
| EBITDA | 6.39B | 10.37B | 7.25B | 3.81B | 2.76B | 1.82B |
| Net Income | 3.08B | 5.98B | 2.74B | 1.24B | 688.05M | 157.56M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 71.13B | 59.17B | 50.17B | 36.16B | 31.88B |
| Cash, Cash Equivalents and Short-Term Investments | 4.48B | 9.49B | 7.01B | 4.74B | 4.07B | 1.40B |
| Total Debt | 0.00 | 10.01B | 8.89B | 7.66B | 5.60B | 4.58B |
| Total Liabilities | -16.36B | 47.14B | 44.19B | 37.75B | 24.82B | 21.20B |
| Stockholders Equity | 16.36B | 24.00B | 14.94B | 12.38B | 11.31B | 10.66B |
Cash Flow | ||||||
| Free Cash Flow | 4.36B | 1.29B | 3.48B | 527.60M | 2.28B | 896.21M |
| Operating Cash Flow | 7.21B | 3.93B | 7.04B | 4.71B | 3.39B | 2.35B |
| Investing Cash Flow | -2.77B | -2.35B | -4.19B | -4.38B | -247.37M | -841.49M |
| Financing Cash Flow | -2.58B | -500.30M | -1.23B | 277.87M | -556.91M | -2.60B |
ITD Cementation India Limited Technical Analysis
Negative
774.90
Price Trends
1300.84
Negative
1248.31
Negative
956.49
Positive
Market Momentum
-11.94
Positive
42.33
Neutral
19.31
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CEMPRO, the sentiment is Negative. The current price of 774.9 is below the 20-day moving average (MA) of 1262.67, below the 50-day MA of 1300.84, and below the 200-day MA of 956.49, indicating a neutral trend. The MACD of -11.94 indicates Positive momentum. The RSI at 42.33 is Neutral, neither overbought nor oversold. The STOCH value of 19.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CEMPRO.
ITD Cementation India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹216.04B | 34.96 | ― | 0.25% | 10.02% | 46.78% | |
62 Neutral | ₹5.34T | 28.89 | ― | 1.01% | 9.78% | 13.15% | |
56 Neutral | ₹83.41B | 11.70 | ― | 1.69% | -1.81% | -12.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹99.74B | 18.54 | ― | 1.84% | -9.92% | -21.60% | |
45 Neutral | ₹55.74B | 26.69 | ― | 1.34% | -20.64% | -12.46% | |
44 Neutral | ₹92.83B | 64.53 | ― | 0.80% | -11.87% | -73.37% |
* General Sector Average
IN:CEMPRO
ITD Cementation India Limited
1,222.95
415.17
51.40%
IN:AFCONS
Afcons Infrastructure Limited
244.95
-206.66
-45.76%
IN:HCC
Hindustan Construction Co. Ltd.
20.75
-6.35
-23.43%
IN:IRCON
IRCON International Ltd.
102.30
-66.31
-39.33%
IN:LT
Larsen & Toubro Limited
3,751.00
127.59
3.52%
IN:NCC
NCC Limited
128.25
-76.14
-37.25%
ITD Cementation India Limited Corporate Events
Cemindia Projects withdraws execution plea in Rs 4.71 crore arbitration case
Sep 24, 2026
Cemindia Projects Limited has updated exchanges on a litigation matter tied to an arbitration award of about Rs 4.71 crore plus interest arising from contractual disputes with Baya Weaver Ltd and Saya Cementation Ltd. The company had previously se...
Cemindia Projects JV Wins Arbitration Award Against Delhi Metro Rail
Aug 2, 2026
Cemindia Projects Limited has disclosed the outcome of an arbitration involving its joint venture with ITD and the Delhi Metro Rail Corporation, related to a 2013 contract. The dispute centered on additional costs from prolonged work, uncertified ...
Cemindia Projects Extends Trading Window Closure Ahead of Quarterly Results
Jul 22, 2026
Cemindia Projects Limited has clarified that its trading window for dealing in company securities will remain closed beyond the previously indicated timeline. The window will now reopen only after 48 hours from the public submission of its unaudit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.