Multibagger Stock: ITD Cementation share price rises over 150% in one year. Is there more upside left?
₹421.10 apiece on BSE, and the stock touched an intraday high at ₹436.70 and an intraday low of ₹410.45.According to the most latest report from domestic brokerage Nuvama Professional Clients Group, there might be over 17% increase in value of the stock. Due to modest order inflows in Q4FY24 that resulted in a little fall in the order book below ₹20k crore, the brokerage has maintained 'BUY' with a lowered target price of ₹460 (13x FY26E EPS) from ₹475.Also Read: Stocks to buy: NHPC, SJVN among 8 stocks that may rise 6-16% in the next 3-4 weeks, say analysts; do you own any?The company's consolidated revenue for ITD Cementation increased by 38% YoY and 12% QoQ to ₹2,258 crore, according to the report.
This was 10% more than the brokerage's projected revenue of ₹2,055 crore. Consolidated operating profit increased to ₹221 crore (approx.
₹214 crore) by 50% YoY and 9.8% QoQ. Adjusted PAT increased 2.3 times year over year to ₹90 crore, surpassing Nuvama's expectation by 12.5%.In Q4/FY24, the company's order inflows were ₹808 crore and ₹6,916 crore, respectively.
At the end of March, there were 19,918 crore orders in the order book. At the end of FY24, the order book breakdown by segment was as follows: hydro, dams, tunnels, and irrigation (11.6%); water and wastewater (2.8%); industrial structures and buildings (13.1%); highway, bridges, and flyovers (16.8%); maritime structures (31.3%); urban infra, MRTS, and airports (22%); foundation and specialist engineering (2.4%).Also Read: Bonus shares, stock split effect: BSE SME IPO turns ₹1.20 lakh to ₹13.45 lakh in 10 yearsInternational growth of ITD Cementation's marine, bridge, and tunnel businesses is a top priority.
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