ITD Cementation India share price to be in focus on Friday as company secures contracts worth 960 crore

Mumbai, June 19, 2025 – Shares of ITD Cementation India Ltd., a leading mid‑cap infrastructure player, are set to capture investor attention as the company announced two major contract wins totaling around ₹960 crore. The awards—one involving upgrades at Trivandrum International Airport and another for a high-rise commercial building in Kolkata—were disclosed in an exchange filing post market close on Thursday .

🏗️ Contracts Breakdown

• Trivandrum International Airport, Kerala: ITD Cementation will execute multiple civil infrastructure works aimed at enhancing passenger experience and operational efficiency .

• Commercial Complex in Kolkata, West Bengal: The company will build a multi-storied commercial structure, contributing to urban development .

This follows a recent ₹893 crore order from Odisha’s greenfield jetty project—so, June alone has brought nearly ₹1,853 crore in new wins .

📈 Market Context & Price Action

ITD Cementation's stock has been on a tear, climbing approximately 13% month‑to‑date and 46% in the preceding month, translating into a massive 66% rally in under eight weeks . Today, the stock closed near ₹808–₹810 on NSE/BSE, having touched a 52-week high during previous contract reactions .

Analysts attribute the rally to a combination of strong order book expansion, healthy Q4 FY25 earnings, and sustained investor interest in infrastructure mid-caps.

📊 Q4 Earnings & Financial Health

For Q4 FY25 (ending March), ITD Cementation reported a net profit of ₹113.6 crore, up 27% year‑on‑year, with revenues rising nearly 10% to ₹2,480 crore . Key financials:

The strong ROE figure, noticeably above its five-year average of ~12.6%, supports a premium valuation .

💬 Analyst Perspectives

• Analyst at Asit C. Mehta: Reiterated an “Accumulate” rating, noting that the Q4 performance and rising order wins reinforce the bullish thesis, with a ₹758 target (from ₹561 last year) .

• Equity Strategist at Ventura Securities: Observed the stock “rose over 7% after announcing a ₹893 crore contract,” and sees strong inflows as fundamentals and momentum align .

🏛️ Broader Market & Sectoral Insight

Infrastructure and EPC firms have been outperforming the broader market, driven by a flood of public and private investment in mobility, urban infra, and airport modernization ahead of 2026 global events. ITD Cementation, with proven delivery track record across airports, ports, highways, and water systems, is among the top beneficiaries.

Peers such as L&T, NCC, and G R Infra are also trading near or above 52-week highs, buoyed by a robust contract pipeline and strong earnings updates.

🧭 Investor Outlook

Short-Term View
Traders will watch Friday's session closely. With the ₹960 crore contract announcement fresh, a rerun of earlier “upper circuit” moves is possible, especially if markets stay positive.

Medium-Term Outlook
Strong order inflows and Q4 financials underscore the company's earnings momentum. With backlog rising and execution capacity intact, earnings upgrades seem likely—supporting further upside.

Risks to Consider

• Execution delays or cost overruns—large civil-engineering projects often face these.

• Increased competition could compress margins on future bids.

• Macro shifts—e.g., slower government spending—may reduce pipeline flow.

🧩 Buying Thesis & Target Levels

1. Momentum Play: Given strong fundamentals and positive news flow, short-term momentum driven trades could yield 5–8% upside.

2. Valuation Support: With ROE elevated and rising earnings, the current price still has room based on consensus targets (₹850–₹900 over 6–12 months).

3. Watchlist Contributors: Institutional investors moving in or out may create sharp intraday volatility.

ITD Cementation’s combined ₹960 crore wins make this Friday’s session a key event for traders and investors alike. With healthy Q4 results, a strong pipeline, and continued order momentum, the stock remains well-positioned. However, careful attention to execution and sectoral trends remains critical. For those bullish on India’s infra growth story, this is a compelling name to monitor—or act on—depending on risk appetite and time horizon.