ITD Cementation Achieves 52-Week High Amid Broader Market Decline, Showcases Strong Financial Metrics

ITD Cementation India has made headlines today as its stock price reached a new 52-week high of Rs. 735, marking a significant milestone for the midcap construction company. This achievement comes amid a broader market decline, with the Sensex falling by 516.76 points to 81,521.44. Despite this, ITD Cementation has shown resilience, gaining 11.69% over the past three days and consistently outperforming the BSE 500 index over the last three years.
The company's strong performance is underpinned by impressive financial metrics, including a return on capital employed (ROCE) of 23.02% and a low debt-to-equity ratio of 0.09 times. ITD Cementation has also reported robust growth in net sales and operating profit, with annual increases of 26.03% and 27.72%, respectively. Furthermore, the company has maintained positive results for the last ten consecutive quarters, showcasing its operational efficiency.

With high institutional holdings at 20.1% and a strong inventory turnover ratio of 14.18 times, ITD Cementation India is positioned well within the construction sector, reflecting its solid market standing and operational strength.