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Anand Rathi Report
With the worst of the Covid-19-caused disruptions likely dealt with in Q1, ITD Cementation India Ltd.’s recent strong order addition (hence, augmented order book) imply bright prospects.
The balance sheet too is in shape to reap the benefits of an augmented order book.
Receipts from pending mobilisation advances from the recent orders would help.
The near-complete status for some past projects would mean the drag from them on overall profitability would soon subside, and make way for better return ratios ahead.
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