ITD Cementation India Ltd, established in 1960 and headquartered in Mumbai, Maharashtra, is a leading engineering and construction company and a subsidiary of Italian-Thai Development Public Company Limited (ITD). The company specializes in diverse infrastructure segments, including Maritime Structures, Mass Rapid Transit Systems (MRTS), Airports, Hydro-Electric Power, Tunnels, Dams & Irrigation, Highways, Bridges & Flyovers, and Industrial Structures & Buildings. With a strong presence in India and international markets, ITD Cementation has delivered numerous prestigious projects such as marine structures, tunnels, power plants, and irrigation facilities. Guided by its core values of safety, quality, customer satisfaction, and sustainability, the company is committed to innovation and environmentally responsible practices, cementing its reputation as a key player in shaping modern infrastructure.
News on ITD Cementation India
The Adani Group, through its Dubai-based entity Renew Exim DMCC, has announced its strategic acquisition of a significant 46.64% stake in ITD Cementation India Ltd for a consideration of ₹3,204 crore. This acquisition marks a major milestone in Adani’s efforts to strengthen its footprint in the engineering and construction sector. Furthermore, Renew Exim plans to acquire an additional 26% stake from public shareholders through an open offer, should it be fully subscribed. This move not only highlights the Adani Group’s commitment to expanding its infrastructure portfolio but also underscores ITD Cementation’s strategic value as a leader in delivering large-scale infrastructure projects.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 46.64% | 46.64% | 46.64% | 46.64% | 46.64% |
| FIIs + | 14.42% | 13.90% | 17.08% | 20.00% | 20.99% |
| DIIs + | 3.38% | 1.94% | 1.82% | 2.44% | 2.32% |
| Public + | 35.56% | 37.53% | 34.46% | 30.92% | 30.06% |
| No. of Shareholders | 73,005 | 76,050 | 78,347 | 86,975 | 1,08,988 |
The shareholding pattern of ITD Cementation India reveals significant changes between September 2023 and September 2024, highlighting shifts in investor dynamics and confidence. Promoters maintained a steady 46.64% stake throughout the period, indicating unwavering commitment to the company. Foreign Institutional Investors (FIIs) saw a substantial increase, growing from 14.42% in September 2023 to 20.99% in September 2024, showcasing rising international interest in the company’s prospects. Domestic Institutional Investors (DIIs) exhibited slight variations, starting at 3.38%, dipping to 1.82% by March 2024, and rebounding to 2.32% in September 2024. Conversely, public shareholding declined from 35.56% in September 2023 to 30.06% in September 2024, likely due to institutional acquisitions and intensified market activity. The number of shareholders rose dramatically from 73,005 to 1,08,988 over the same period, reflecting increased retail investor engagement with ITD Cementation India‘s growth trajectory.
Below are the trading platforms that you can use to purchase ITD Cementation India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2025 | 555.65 | 427.43 |
| February 2025 | 561.27 | 431.74 |
| March 2025 | 573.05 | 440.81 |
| April 2025 | 567.38 | 436.45 |
| May 2025 | 550.85 | 423.73 |
| June 2025 | 575.64 | 442.80 |
| July 2025 | 564.36 | 434.12 |
| August 2025 | 581.81 | 447.55 |
| September 2025 | 588.79 | 452.92 |
| October 2025 | 604.10 | 464.69 |
| November 2025 | 619.20 | 476.31 |
| December 2025 | 647.07 | 497.74 |
In 2025, ITD Cementation India is projected to see a positive share price trajectory starting with January, ranging from ₹555.65 to ₹427.43, and gradually increasing throughout the year. February could reach ₹561.27 to ₹431.74, while March might see prices between ₹573.05 and ₹440.81. By mid-year, June prices could range from ₹575.64 to ₹442.80, and by October, they are anticipated to reach ₹604.10 to ₹464.69. The year is expected to culminate strongly, with December prices projected between ₹647.07 and ₹497.74.
| When | Maximum Price | Minimum Price |
| January 2026 | 666.48 | 512.68 |
| February 2026 | 649.82 | 499.86 |
| March 2026 | 662.81 | 509.86 |
| April 2026 | 676.34 | 520.26 |
| May 2026 | 669.64 | 515.11 |
| June 2026 | 686.38 | 527.99 |
| July 2026 | 672.93 | 517.64 |
| August 2026 | 693.74 | 533.64 |
| September 2026 | 707.61 | 544.32 |
| October 2026 | 726.01 | 558.47 |
| November 2026 | 744.16 | 572.43 |
| December 2026 | 762.76 | 586.74 |
As we approach 2026, ITD Cementation India is expected to see a steady rise in its share prices, starting with January, where the price could range between ₹666.48 and ₹512.68. In February, prices are projected to fluctuate between ₹649.82 and ₹499.86. March could see a slight increase to ₹662.81 at the highest and ₹509.86 at the lowest. By April, the price might reach ₹676.34, with a minimum of ₹520.26. As we approach June, the maximum could be ₹686.38 and the minimum ₹527.99. By the end of the year, December prices are expected to peak at ₹762.76, with a minimum of ₹586.74.
| When | Maximum Price | Minimum Price |
| January 2027 | 770.39 | 592.61 |
| February 2027 | 790.15 | 607.80 |
| March 2027 | 820.96 | 631.51 |
| April 2027 | 804.86 | 619.13 |
| May 2027 | 781.42 | 601.09 |
| June 2027 | 816.59 | 628.14 |
| July 2027 | 800.57 | 615.83 |
| August 2027 | 825.33 | 634.87 |
| September 2027 | 854.22 | 657.09 |
| October 2027 | 876.43 | 674.18 |
| November 2027 | 898.34 | 691.03 |
| December 2027 | 920.80 | 708.31 |
| When | Maximum Price | Minimum Price |
| January 2028 | 939.22 | 722.47 |
| February 2028 | 963.30 | 741.00 |
| March 2028 | 1,000.87 | 769.90 |
| April 2028 | 981.24 | 754.80 |
| May 2028 | 952.66 | 732.82 |
| June 2028 | 995.53 | 765.79 |
| July 2028 | 976.01 | 750.78 |
| August 2028 | 1,006.20 | 774.00 |
| September 2028 | 1,041.41 | 801.09 |
| October 2028 | 1,068.49 | 821.92 |
| November 2028 | 1,095.20 | 842.46 |
| December 2028 | 1,122.58 | 863.53 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,145.04 | 880.80 |
| February 2029 | 1,174.40 | 903.38 |
| March 2029 | 1,220.20 | 938.61 |
| April 2029 | 1,196.27 | 920.21 |
| May 2029 | 1,161.43 | 893.41 |
| June 2029 | 1,213.69 | 933.61 |
| July 2029 | 1,189.90 | 915.30 |
| August 2029 | 1,226.70 | 943.61 |
| September 2029 | 1,269.63 | 976.64 |
| October 2029 | 1,302.64 | 1,002.03 |
| November 2029 | 1,335.21 | 1,027.08 |
| December 2029 | 1,368.59 | 1,052.76 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,395.96 | 1,073.81 |
| February 2030 | 1,431.75 | 1,101.35 |
| March 2030 | 1,487.59 | 1,144.30 |
| April 2030 | 1,458.42 | 1,121.86 |
| May 2030 | 1,415.94 | 1,089.19 |
| June 2030 | 1,479.66 | 1,138.20 |
| July 2030 | 1,450.65 | 1,115.88 |
| August 2030 | 1,495.51 | 1,150.40 |
| September 2030 | 1,547.86 | 1,190.66 |
| October 2030 | 1,588.10 | 1,221.62 |
| November 2030 | 1,627.80 | 1,252.16 |
| December 2030 | 1,668.50 | 1,283.46 |
As we move into 2030, ITD Cementation India is expected to experience a strong upward trend in its stock prices. In January, the price could range from ₹1,395.96 to ₹1,073.81. February is likely to see prices between ₹1,431.75 and ₹1,101.35. By March, the stock could peak at ₹1,487.59, with a minimum of ₹1,144.30. As we move into April, prices are expected to fluctuate between ₹1,458.42 and ₹1,121.86. By mid-year, June might bring a rise to ₹1,479.66 at the highest and ₹1,138.20 at the lowest. Moving into December, ITD Cementation India could reach a peak of ₹1,668.50, with a minimum of ₹1,283.46, reflecting strong growth through the year.
ITD Cementation India Financial Condition
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,861 | 2,728 | 3,809 | 5,091 | 7,718 | 8,647 |
| Expenses + | 2,523 | 2,515 | 3,516 | 4,691 | 6,973 | 7,819 |
| Operating Profit | 338 | 213 | 293 | 400 | 745 | 828 |
| OPM % | 12% | 8% | 8% | 8% | 10% | 10% |
| Other Income + | -10 | 45 | 45 | 63 | 64 | 75 |
| Interest | 130 | 138 | 142 | 165 | 218 | 225 |
| Depreciation | 137 | 100 | 103 | 114 | 208 | 207 |
| Profit before tax | 60 | 20 | 94 | 184 | 383 | 471 |
| Tax % | 27% | 20% | 26% | 32% | 28% | |
| Net Profit + | 44 | 16 | 69 | 125 | 274 | 341 |
| EPS in Rs | 2.51 | 0.92 | 4.01 | 7.23 | 15.93 | 19.79 |
| Dividend Payout % | 12% | 13% | 11% | 10% | 11% |
ITD Cementation India has showcased a remarkable financial trajectory over the past five years, underpinned by strong revenue growth and operational efficiency. Sales increased significantly from ₹2,861 crore in March 2020 to ₹8,647 crore in the trailing twelve months (TTM) ending in 2024, demonstrating the company’s ability to consistently secure and execute large-scale infrastructure projects. This impressive growth reflects ITD Cementation India’s robust market presence and its focus on expanding its portfolio across diverse engineering and construction segments.
Operating profitability has also seen significant improvement, with the Operating Profit Margin (OPM) increasing from 8% in 2020 to 10% in the TTM. Operating profit rose from ₹338 crore to ₹828 crore during this period, showcasing better cost management and execution capabilities. Net profit growth has been equally robust, surging from ₹44 crore in 2020 to ₹341 crore in the TTM. This profitability growth is further highlighted by the rise in Earnings Per Share (EPS), which improved substantially from ₹2.51 in 2020 to ₹19.79 in the TTM, reflecting higher value creation for shareholders.
Despite maintaining a steady dividend payout ratio of around 10-13%, ITD Cementation India has effectively reinvested its earnings to support expansion and operational excellence. With a steady increase in other income and controlled interest and depreciation costs, the company is well-positioned to sustain its upward financial momentum. These results underscore the company’s strong financial foundation and its ability to capitalize on future opportunities in the construction and infrastructure domain.
FAQs
What is the current market capitalization of ITD Cementation India?
As of December 21st, 2024, the market cap is quite strong, standing at ₹8,765 Crores.
ITD Cementation India shares are currently trading at ₹510 as of December 21st, 2024.
Looking ahead, the share price is expected to range between ₹423.73 to ₹647.07 by 2025.
The long-term outlook is optimistic, with a projected range of ₹1,283.46 to ₹1,668.50 by December 2030.
What is the current Price-to-Earnings (PE) ratio of ITD Cementation India?
Currently, the stock’s PE ratio is at a reasonable 25.8.
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Conclusion
In conclusion, ITD Cementation India Ltd has shown impressive growth and financial strength over the past few years, driven by a robust sales increase and effective cost management. Its shareholding pattern reflects strong institutional interest, particularly from Foreign Institutional Investors (FIIs), indicating growing confidence in the company’s prospects. The strategic acquisition by the Adani Group further underscores its growing influence in the infrastructure sector.
Looking ahead, ITD Cementation’s share price is expected to see a consistent upward trend from 2025 through 2030, with significant growth potential. Its focus on large-scale infrastructure projects, combined with strong financial performance and an expanding market presence, positions the company for continued success.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading ITD Cementation India. This post on ITD Cementation India share price target from 2025 to 2030 is for educational purposes only.
What did we learn?
- 1 News on ITD Cementation India
- 2 Shareholdings Patterns of ITD Cementation India
- 3 How to Buy ITD Cementation India Shares in India?
- 4 ITD Cementation India Share Price Prediction: 2025 – 2030
- 4.1 ITD Cementation India Share Price Prediction 2025
- 4.2 ITD Cementation India Share Price Target 2026
- 4.3 ITD Cementation India Share Price Prediction 2027
- 4.4 ITD Cementation India Share Price Target 2028
- 4.5 ITD Cementation India Share Price Target 2029
- 4.6 ITD Cementation India Share Price Prediction 2030
- 5 ITD Cementation India Financial Condition
- 6 FAQs
- 6.1 What is the current market capitalization of ITD Cementation India?
- 6.2 What is the current share price of ITD Cementation India?
- 6.3 What is the share price target for ITD Cementation India in 2025?
- 6.4 What is the share price target for ITD Cementation India in 2030?
- 6.5 What is the current Price-to-Earnings (PE) ratio of ITD Cementation India?
- 7 Conclusion
