ITDCEM
ITD Cem share price & financials
- Price
- ₹1,253.2
- Market cap
- ₹12.7k Cr
- Sector
- Construction
What ITD Cem does
ITD Cementation India Limited is a specialist engineering, procurement and construction (EPC) contractor executing large civil infrastructure projects for government, PSU and private clients across India and select overseas markets. It earns contract revenue by building maritime structures (ports, jetties, breakwaters), urban infrastructure (metro rail, airports), industrial buildings, hydro/dam/tunnel projects, highways and bridges, foundation/specialist engineering works, and water & wastewater infrastructure. The company was formerly promoted by Italian-Thai Development Public Company Limited of Thailand, which has since exited as promoter. It operates under ISO-certified quality, environmental and occupational health & safety management systems.
Segments
- Maritime Structures
- Industrial Structures and Buildings
- Urban Infrastructure, MRTS and Airports
- Hydro, Dams, Tunnels and Irrigation
- Highways, Bridges and Flyovers
- Foundation and Specialist Engineering
- Water and Wastewater
- Business verticals executed
- 7 (Maritime Structures, Industrial Structures & Buildings, Urban Infrastructure/MRTS/Airports, Hydro/Dams/Tunnels/Irrigation, Highways/Bridges/Flyovers, Foundation & Specialist Engineering, Water & Wastewater)
- Domestic geographic footprint
- Presence across 14 states and 1 union territory in India
- Overseas project execution
- Ongoing projects in Sri Lanka, Bangladesh and the UAE (Abu Dhabi)
- Metro rail cities under execution
- Chennai, Bengaluru, Mumbai, Kolkata and Surat
- International/major airports under execution
- Jaipur International Airport and Trivandrum International Airport
- Quality/EHS certifications
- ISO 9001:2015 (QMS), ISO 14001:2015 (EMS), ISO 45001:2018 (OHS-MS)
Quarterly results
Q1 FY27: revenue up 5.6%, net profit up 2.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,991 | 2,270 | 2,532 | 2,576 | 2,195 +10% | 2,315 +2% | 2,973 +17% | 2,721 +6% |
| EBITDA | 182 | 207 | 255 | 240 | 202 +11% | 222 +7% | 358 +40% | 275 +15% |
| Net profit | 72 | 87 | 113 | 137 | 108 +50% | 111 +28% | 242 +114% | 141 +3% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +57.1% 1Y
1Y: ₹795.85 on 10 Sept 2025 → ₹1,250.4. High ₹1,639.7 (21 Jul 2026), low ₹510.2 (23 Mar 2026).
Financials, as filed
Revenue grew 25.5% a year over 3 years, FY23 to FY26. Operating margin widened to 10.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹5.1k Cr | ₹7.7k Cr | ₹9.2k Cr | ₹10.1k Cr |
| Operating profit | ₹394 Cr | ₹746 Cr | ₹865 Cr | ₹1.0k Cr |
| Operating margin | 7.7% | 9.7% | 9.4% | 10.2% |
| Interest | ₹165 Cr | ₹218 Cr | ₹231 Cr | ₹214 Cr |
| Depreciation | ₹114 Cr | ₹208 Cr | ₹192 Cr | ₹166 Cr |
| Net profit | ₹125 Cr | ₹275 Cr | ₹372 Cr | ₹598 Cr |
| Net margin | 2.5% | 3.6% | 4.1% | 5.9% |
| Cash from operations | ₹471 Cr | ₹704 Cr | ₹184 Cr | ₹500 Cr |
| Free cash flow | ₹69 Cr | ₹369 Cr | ₹12 Cr | ₹274 Cr |
| ROCE | 19.0% | 27.0% | 28.0% | 33.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹1.0k Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.5k Cr | ₹2.0k Cr | ₹2.4k Cr |
| Borrowings | ₹458 Cr | ₹560 Cr | ₹766 Cr | ₹889 Cr | ₹982 Cr | ₹1.0k Cr |
| Other liabilities | ₹1.7k Cr | ₹1.9k Cr | ₹3.0k Cr | ₹3.5k Cr | ₹3.6k Cr | ₹3.7k Cr |
| Total liabilities | ₹3.2k Cr | ₹3.6k Cr | ₹5.0k Cr | ₹5.9k Cr | ₹6.7k Cr | ₹7.1k Cr |
| Fixed assets | ₹601 Cr | ₹655 Cr | ₹847 Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.2k Cr |
| Capital work in progress | ₹53 Cr | ₹2 Cr | ₹117 Cr | ₹10 Cr | ₹25 Cr | ₹22 Cr |
| Investments | ₹194 Cr | ₹113 Cr | ₹45 Cr | ₹5 Cr | ₹56 Cr | ₹0 Cr |
| Other assets | ₹2.3k Cr | ₹2.8k Cr | ₹4.0k Cr | ₹4.8k Cr | ₹5.5k Cr | ₹5.9k Cr |
| Total assets | ₹3.2k Cr | ₹3.6k Cr | ₹5.0k Cr | ₹5.9k Cr | ₹6.7k Cr | ₹7.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +2.07 pp while FIIs trimmed −1.95 pp. The shareholder count shrank 2% to 90,808.
- Promoters
- 67.5%
- FIIs
- 7.3%
- DIIs
- 2.9%
- Public
- 22.4%
Since Jun 2025
- DIIs +2.07 pp
- FIIs −1.95 pp
- Public −0.15 pp
How it drifted, 12 quarters
Over this window promoters went from 46.6% to 67.5% — +20.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 46.6%, FIIs 14.4%, DIIs 3.4%, Public 35.6%.Dec '23: Promoters 46.6%, FIIs 13.9%, DIIs 1.9%, Public 37.5%.Mar '24: Promoters 46.6%, FIIs 17.1%, DIIs 1.8%, Public 34.5%.Jun '24: Promoters 46.6%, FIIs 20.0%, DIIs 2.4%, Public 30.9%.Sep '24: Promoters 46.6%, FIIs 21.0%, DIIs 2.3%, Public 30.1%.Dec '24: Promoters 46.6%, FIIs 17.0%, DIIs 2.6%, Public 33.7%.Mar '25: Promoters 46.6%, FIIs 13.9%, DIIs 6.1%, Public 33.3%.Jun '25: Promoters 67.5%, FIIs 9.2%, DIIs 0.8%, Public 22.6%.Sep '25: Promoters 67.5%, FIIs 8.4%, DIIs 0.7%, Public 23.4%.Dec '25: Promoters 67.5%, FIIs 8.2%, DIIs 1.5%, Public 22.8%.Mar '26: Promoters 67.5%, FIIs 7.3%, DIIs 1.9%, Public 23.3%.Jun '26: Promoters 67.5%, FIIs 7.3%, DIIs 2.9%, Public 22.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Cd Equifinance Private Limited +0.26 pp 1.80% held
- Cohesion Mk Best Ideas Sub-Trust FPI fund +0.08 pp 1.12% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of ITD Cem above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Renew Exim Dmcc | 67.46% | unchanged |
| Cd Equifinance Private Limited | 1.80% | +0.26 pp |
| Hitesh Ramji Javeri | 1.78% | unchanged |
| Cohesion Mk Best Ideas Sub-Trust FPI fund | 1.12% | +0.08 pp |
| Acadian Emerging Markets Small Cap Equity Fund, Ll Global fund house | 1.03% | −0.08 pp |
| Valiant Investment DMCC | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse ITD Cem
Guides on how to read this kind of business and the numbers that matter.