Adani-Linked ITD Cementation Eyes 30% Growth by FY26 with ₹90,000 Cr Order Pipeline

Engineering and construction giant ITD Cementation India Limited, known for its role in heavy civil infrastructure and EPC projects, is charting an aggressive growth path.

As per news reports, the company has outlined a topline growth target of 25–30% for FY26, supported by a robust ₹90,000 crore order pipeline that includes key Adani Group and non-Adani contracts. Its recent market momentum and international ventures signal investor and operational confidence. 

FY26 Growth Outlook and Project Pipeline Expansion 

The company aims for 25–30% topline growth in FY26, up from 18–20% in FY25. This optimistic outlook is supported by: 

• A ₹90,000 crore pipeline across marine works, metro tunnels, airports, roads, bridges, and industrial structures
• Targeted order inflows of ₹15,000–16,000 crore in FY25, with 30% expected from Adani-linked projects
• ₹15,000–20,000 crore in potential airport-related orders alone for FY26 

Management is also prioritising margin expansion and cost optimisation to sustain profitability. 

International Expansion: Middle East, Bangladesh, and Sri Lanka in Focus  

ITD Cementation is executing two major overseas projects, one in Sri Lanka and another one in Bangladesh, and is exploring additional opportunities in the Middle East. In Bangladesh, the company is expected to complete a major portion of a ₹1,500 crore project this year, with ₹400 crore worth of work already done. 

Airport and Road Segments to See Bigger Bids 

The firm plans to increase the average size of airport contracts from ₹800–2,000 crore to ₹3,000–4,000 crore. It also intends to expand its geographical footprint in the road construction segment beyond Maharashtra and Uttar Pradesh, boosting diversification. 

Sector-Wise Breakdown and YoY Comparison 

As of FY25, the company’s order book stands at ₹18,300 crore — a slight YoY decline from ₹19,918 crore in FY24 and ₹20,044 crore in FY23. The new order mix for FY25 includes: 

• Government projects: 50%
• Private sector: 42%
• PSUs: 8% 

Sector-wise order book composition: 

• Maritime Structures: 34.6%
• Industrial Structures & Buildings: 24.4%
• Urban Infrastructure, MRTS & Airports: 18%
• Hydro, Tunnels & Irrigation: 8.9%
• Highways & Bridges: 8.4%
• Specialist Engineering & Foundations: 3.9%
• Water & Wastewater: 1.8% 

Financial Performance 

In Q4 FY25, ITD Cementation’s revenue from operations rose ~10% YoY from ₹2,258 crore to ₹2,480 crore. Net profit increased ~27% YoY from ₹90 crore to ₹114 crore. 

Also read: Adani Enterprises Ltd: Live Stock Update and Price as of May 19, 2025 | Angel One.

ITD Cementation Share Price  

On May 19, 2025, shares of ITD Cementation (NSE: ITDCEM) opened at ₹659.20, higher than its previous close at ₹653.65. At 1.42 PM, the share price of ITD Cementation was trading at ₹671.45, up by 2.72% on the NSE. 

Conclusion 

ITD Cementation’s focus on large-scale infrastructure, international expansion, and a diversified order book positions it for sustainable growth. With a solid order pipeline and rising investor confidence, the company is poised to be a key infrastructure player heading into FY26. 

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