Companies in the construction sector have always remained in the spotlight, not only for achieving social objectives such as ensuring that all citizens have access to basic services and amenities but also for generating significant employment and boosting connected industries through infrastructure development. Likewise, ITD Cementation India Limited, a small-cap civil construction company, has garnered attention, potentially attributed to securing substantial orders from esteemed clients, including a recent ₹1,001 crore order, or experiencing a robust rally driven by growing optimism that has drawn the focus of investors.
Let’s delve into the factors propelling this robust rally and assess its sustainability by examining the financial performance of the company, anticipating future headwinds and tailwinds, and the overarching outlook for the sector.
Company Overview
The Cementation Company Limited of the United Kingdom (CCL, UK), a member of the Trafalgar House Group, operated as a branch in India since 1931. In 1978, the Reserve Bank of India granted permission for CCL, UK to continue its activities in India, contingent on converting its India branch into an Indian company. Consequently, in 1978, it was incorporated as Cemindia Company Limited. In 2004, Italian-Thai Development Public Company Limited acquired it through a share purchase and sale agreement with The Cementation Company Limited and Skanska AB, leading to a name change to ITD Cementation India Limited.
Denne historien er fra December 18, 2023-utgaven av Dalal Street Investment Journal.
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Denne historien er fra December 18, 2023-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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