Cemindia Projects

Quick check

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• DebtHigh safetyRated AA by 2 agencies.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 5.6% and profit rose 2.9% from a year earlier.
• DilutionSome dilutionIssued 1.26 crore new shares in the last year (+8.7%), raising ₹1,400 Cr.
• PromotersSteadyThe promoters (founders or parent) own 67% of the company, about the same as in Jun 2025.
• ValuationExpensive vs its pastThe share trades at 35.1 times its yearly earnings (P/E), pricier than 82% of the time in the last 5 years. Its usual P/E is about 27.

Cemindia Projects against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)35.1 against a typical 14.4: pricier than most peers (1st = cheapest).144th of 181
• Sales growth+5.6% against a typical +8.6% from a year earlier.83rd of 147
• Profit growth+2.9% against a typical 0% from a year earlier.64th of 130
• Share price, 3 months−8.5% against a typical −13.2%.67th of 164
• Size₹ 19,295.8 Cr. market value against a typical ₹ 148 Cr. (1st = largest).3rd of 156

Exchange filings and their impact on the company.

• 19 Oct 2026Allotment of SecuritiesHigh impactPositivePrice −0% on 21 Oct
  Allotted 1.26 cr shares at Rs 1,108 to raise Rs 1,400 cr, lifting net worth ~58% with ~6.9% dilution.

  Cemindia Projects allotted 1,26,35,379 shares at Rs 1,108 each to qualified institutional buyers, raising Rs 1,400 crore. The issue ran from October 14 to October 19, 2026 at a 4.37% discount to the floor price. Paid-up capital rises to 18.44 crore shares, boosting net worth by about 58% with around 6.9% dilution to fund growth and strengthen the balance sheet.

  Full analysisFiling
• 19 Oct 2026Qualified Institutional PlacementHigh impactPositivePrice −0% on 21 Oct
  Closed Rs 1,400 cr QIP at Rs 1,108 per share, boosting net worth ~58% with ~7.3% dilution.

  Cemindia Projects closed its QIP on October 19, 2026, allocating 1.26 crore shares at Rs 1,108 each to qualified institutional buyers. The issue price is at a 4.37% discount to the Rs 1,158.58 floor price, raising about Rs 1,400 crore. The fresh equity significantly boosts net worth and will help cut debt and fund project execution over the next year, with modest near-term share dilution.

  Full analysisFiling
• 14 Oct 2026General UpdatesMedium impactNeutralPrice +5.9% on 15 Oct
  QIP opened at Rs 1158.6 floor, ~3% above market; size awaited but dilution and balance-sheet boost likely.

  Cemindia Projects (formerly ITD Cementation) opened its QIP on October 14, 2026 after board approval on July 23 and shareholder approval on August 17. It fixed a floor price of Rs 1158.58 per Rs 1 share, with up to 5% discount permitted, and final price to be set with BRLMs SBI Caps, ICICI Securities and IIFL Capital. The issue size and use of proceeds were not disclosed in this filing.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Nitesh Sharma

Chief Financial Officer

Rahul Neogi

Compliance Officer, Company Secretary

Jayanta Basu

Managing Director, Whole-time Director