{"id":252107,"date":"2026-09-17T11:46:16","date_gmt":"2026-09-17T06:16:16","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=252107"},"modified":"2026-09-17T11:46:16","modified_gmt":"2026-09-17T06:16:16","slug":"marine-infrastructure-stock-rises-52-percent-in-1-year","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/","title":{"rendered":"This Marine Infrastructure Stock Rises 52% in 1 Year: What Changed After the Promoter Handover?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Cemindia Projects: CMP approximately Rs 1,258 (17 Sep 2026). 1-year return 52%. 52W range Rs 503.30 to Rs 1,649.20. Order book Rs 31,307 Cr. FY26 PAT Rs 598 Cr.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Cemindia Projects, formerly ITD Cementation India, is the marine infrastructure stock that gained approximately 52% in one year, from a close of Rs 826 on 17 September 2025 to around Rs 1,258 on 17 September 2026. The re-rating followed the Adani promoter family taking control through Renew Exim, a record Rs 31,307 crore order book and a doubling of Q4 FY26 profit. The share is still about 24% below its July 2026 peak of Rs 1,649.20 and trades at a PE of around 35 against an industry PE near 24.<\/p>\n<\/div>\n<p>This marine infrastructure stock has risen approximately 52% in one year, from a close of Rs 826 on 17 September 2025 to around Rs 1,258 on 17 September 2026. The headline hides a wilder ride. The share first fell for six months to Rs 503.30 in March 2026, then gained roughly 150%.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/cempro\/itd-cementation-india-ltd-share-price-today'>Cemindia Projects Ltd<\/a><\/strong> (NSE: CEMPRO), the ports, jetties and heavy civil contractor most investors still know as ITD Cementation India. This marine infrastructure stock was renamed with effect from 19 August 2025, after Renew Exim DMCC, an entity linked to the Adani promoter family, replaced Italian-Thai Development as controlling shareholder in May 2025.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/user\/log-in'>Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#How_This_Marine_Infrastructure_Stock_Performed_Across_Time_Frames\" title=\"How This Marine Infrastructure Stock Performed Across Time Frames\">How This Marine Infrastructure Stock Performed Across Time Frames<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Why_Did_This_Marine_Infrastructure_Stock_Rise_52_in_One_Year\" title=\"Why Did This Marine Infrastructure Stock Rise 52% in One Year?\">Why Did This Marine Infrastructure Stock Rise 52% in One Year?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#1_The_Promoter_Handover_the_Open_Offer_and_the_Renaming\" title=\"1. The Promoter Handover, the Open Offer and the Renaming\">1. The Promoter Handover, the Open Offer and the Renaming<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#2_A_Credit_Rating_Upgrade_in_September_2025\" title=\"2. A Credit Rating Upgrade in September 2025\">2. A Credit Rating Upgrade in September 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#3_Q4_FY26_Results_on_30_April_2026_Triggered_a_20_Upper_Circuit\" title=\"3. Q4 FY26 Results on 30 April 2026 Triggered a 20% Upper Circuit\">3. Q4 FY26 Results on 30 April 2026 Triggered a 20% Upper Circuit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#4_A_Record_Rs_31307_Crore_Order_Book_Reported_on_28_July_2026\" title=\"4. A Record Rs 31,307 Crore Order Book Reported on 28 July 2026\">4. A Record Rs 31,307 Crore Order Book Reported on 28 July 2026<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Cemindia_Projects_Financials_What_the_Quarterly_Numbers_Show\" title=\"Cemindia Projects Financials: What the Quarterly Numbers Show\">Cemindia Projects Financials: What the Quarterly Numbers Show<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Who_Owns_This_Marine_Infrastructure_Stock_Now\" title=\"Who Owns This Marine Infrastructure Stock Now?\">Who Owns This Marine Infrastructure Stock Now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Is_This_Marine_Infrastructure_Stock_Expensive_at_Current_Levels\" title=\"Is This Marine Infrastructure Stock Expensive at Current Levels?\">Is This Marine Infrastructure Stock Expensive at Current Levels?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Key_Risks_in_This_Marine_Infrastructure_Stock\" title=\"Key Risks in This Marine Infrastructure Stock\">Key Risks in This Marine Infrastructure Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Cemindia_Projects_Share_Analyst_View\" title=\"Cemindia Projects Share: Analyst View\">Cemindia Projects Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Cemindia_Projects_Share_Price_Target\" title=\"Cemindia Projects Share Price Target\">Cemindia Projects Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Other_Stocks_to_Track_From_the_Same_Return_Screen\" title=\"Other Stocks to Track From the Same Return Screen\">Other Stocks to Track From the Same Return Screen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Which_marine_infrastructure_stock_rose_52_in_1_year\" title=\"Which marine infrastructure stock rose 52% in 1 year?\">Which marine infrastructure stock rose 52% in 1 year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Why_was_ITD_Cementation_India_renamed_Cemindia_Projects\" title=\"Why was ITD Cementation India renamed Cemindia Projects?\">Why was ITD Cementation India renamed Cemindia Projects?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Who_is_the_promoter_of_Cemindia_Projects_now\" title=\"Who is the promoter of Cemindia Projects now?\">Who is the promoter of Cemindia Projects now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#What_is_the_Cemindia_Projects_order_book\" title=\"What is the Cemindia Projects order book?\">What is the Cemindia Projects order book?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#What_were_the_Cemindia_Projects_Q1_FY27_results\" title=\"What were the Cemindia Projects Q1 FY27 results?\">What were the Cemindia Projects Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#What_is_the_52-week_high_and_low_of_the_Cemindia_Projects_share_price\" title=\"What is the 52-week high and low of the Cemindia Projects share price?\">What is the 52-week high and low of the Cemindia Projects share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#What_is_the_Cemindia_Projects_share_price_target\" title=\"What is the Cemindia Projects share price target?\">What is the Cemindia Projects share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/marine-infrastructure-stock-rises-52-percent-in-1-year\/#Is_this_marine_infrastructure_stock_risky_for_new_investors\" title=\"Is this marine infrastructure stock risky for new investors?\">Is this marine infrastructure stock risky for new investors?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_This_Marine_Infrastructure_Stock_Performed_Across_Time_Frames\"><\/span><strong>How This Marine Infrastructure Stock Performed Across Time Frames<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The one-year gain sits between a weak one-month reading and an extraordinary multi-year record. This marine infrastructure stock is down close to 5% in a month and 24% below its July 2026 high of Rs 1,649.20.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Reference Close<\/th>\n<th>Price Return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month (17 Aug 2026)<\/td>\n<td>Rs 1,321.80<\/td>\n<td>Down 4.8%<\/td>\n<\/tr>\n<tr>\n<td>6 Months (17 Mar 2026)<\/td>\n<td>Rs 529.50<\/td>\n<td>Up 137.6%<\/td>\n<\/tr>\n<tr>\n<td>1 Year (17 Sep 2025)<\/td>\n<td>Rs 826.00<\/td>\n<td>Up 52.3%<\/td>\n<\/tr>\n<tr>\n<td>3 Years (15 Sep 2023)<\/td>\n<td>Rs 226.70<\/td>\n<td>Up 455.0%<\/td>\n<\/tr>\n<tr>\n<td>5 Years (17 Sep 2021)<\/td>\n<td>Rs 79.25<\/td>\n<td>Up 1,487.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>These are simple price returns against the 17 September 2026 price of approximately Rs 1,258, not annualised. No split or bonus occurred in any window. The three-year column starts from 15 September 2023, since 17 September 2023 was a Sunday.<\/p>\n<p>The table makes one thing plain. This marine infrastructure stock is not a steady compounder. It went backwards for half the review period before the re-rating arrived in a rush. Even so, the marine infrastructure stock was among the stronger names on a screen of NSE small-cap stocks ranked by 1-year return, dated 17 September 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Marine_Infrastructure_Stock_Rise_52_in_One_Year\"><\/span><strong>Why Did This Marine Infrastructure Stock Rise 52% in One Year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ownership changed, profitability jumped and the order book of this marine infrastructure stock expanded by roughly a quarter in twelve months. Four dated events drove the Cemindia Projects share price, three of them between April and July 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_The_Promoter_Handover_the_Open_Offer_and_the_Renaming\"><\/span><strong>1. The Promoter Handover, the Open Offer and the Renaming<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Renew Exim DMCC signed a share purchase agreement on 25 October 2024 to buy 46.64% from Italian-Thai Development at Rs 400 per share, about Rs 3,204.5 crore. A mandatory open offer followed at Rs 571.68 per share, in which 20.83% was tendered. The combined holding in the marine infrastructure stock reached 67.46%, effective 28 May 2025.<\/p>\n<p>The name change to Cemindia Projects Ltd took effect on 19 August 2025. Buyers of this marine infrastructure stock were not paying for a new badge. The former Thai parent had been under financial stress, and its exit removed a real overhang.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_A_Credit_Rating_Upgrade_in_September_2025\"><\/span><strong>2. A Credit Rating Upgrade in September 2025<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A rating agency upgraded the long-term bank facilities of this marine infrastructure stock to CARE A+ with a stable outlook on 4 September 2025, from CARE A. The reason given was that the ownership change delinked the business from the weak parentage of the former promoter.<\/p>\n<p>A better rating cuts borrowing costs and widens bank guarantee limits, which decide how many tenders a builder can chase at once. That is a direct input into growth for any marine infrastructure stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Q4_FY26_Results_on_30_April_2026_Triggered_a_20_Upper_Circuit\"><\/span><strong>3. Q4 FY26 Results on 30 April 2026 Triggered a 20% Upper Circuit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Cemindia Projects share price hit a 20% upper circuit on 30 April 2026. Q4 FY26 revenue was Rs 3,065.77 crore, EBITDA Rs 450.01 crore and net profit more than doubled to Rs 242.17 crore, at a 15.13% operating margin, the best quarter in recent memory for this marine infrastructure stock.<\/p>\n<p>FY26 revenue reached Rs 10,243.41 crore, EBITDA Rs 1,198.52 crore and net profit Rs 597.73 crore, up approximately 60% from Rs 372.78 crore. For a marine infrastructure stock that had gone nowhere for six months, that showed the ownership change was translating into margin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_A_Record_Rs_31307_Crore_Order_Book_Reported_on_28_July_2026\"><\/span><strong>4. A Record Rs 31,307 Crore Order Book Reported on 28 July 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With the Q1 FY27 results on 28 July 2026, this marine infrastructure stock disclosed an all-time high order book of Rs 31,307 crore as on 30 June 2026, after Rs 8,519 crore of inflows in one quarter. FY26 closed at Rs 24,545 crore with inflows of Rs 14,821 crore.<\/p>\n<p>The mix is what makes this a marine infrastructure stock rather than a generic contractor. Maritime structures are Rs 7,258 crore or 23% of the book, urban infrastructure and airports Rs 6,494 crore or 21%, and data centres Rs 4,154 crore or 13%.<\/p>\n<p>Guidance for this marine infrastructure stock is approximately Rs 25,000 crore of FY27 inflows, revenue growth of 20% to 25%, an EBITDA margin of 10% to 10.5% and capital expenditure of Rs 350 crore to Rs 400 crore, against a bid pipeline near Rs 70,000 crore.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cemindia_Projects_Financials_What_the_Quarterly_Numbers_Show\"><\/span><strong>Cemindia Projects Financials: What the Quarterly Numbers Show<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Growth in the latest quarter was modest for this marine infrastructure stock. June 2026 revenue was Rs 2,731.35 crore, up approximately 5%, while net profit edged up to Rs 140.83 crore from Rs 137.23 crore.<\/p>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Q1 FY27 (Jun 26)<\/th>\n<th>Q4 FY26 (Mar 26)<\/th>\n<th>Q3 FY26 (Dec 25)<\/th>\n<th>Q1 FY26 (Jun 25)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue (Rs Cr)<\/td>\n<td>2,731.35<\/td>\n<td>3,065.77<\/td>\n<td>2,338.60<\/td>\n<td>2,596.62<\/td>\n<\/tr>\n<tr>\n<td>EBITDA (Rs Cr)<\/td>\n<td>285.09<\/td>\n<td>450.01<\/td>\n<td>244.92<\/td>\n<td>260.51<\/td>\n<\/tr>\n<tr>\n<td>Operating Margin<\/td>\n<td>10.48%<\/td>\n<td>15.13%<\/td>\n<td>10.58%<\/td>\n<td>10.11%<\/td>\n<\/tr>\n<tr>\n<td>Net Profit (Rs Cr)<\/td>\n<td>140.83<\/td>\n<td>242.17<\/td>\n<td>110.89<\/td>\n<td>137.23<\/td>\n<\/tr>\n<tr>\n<td>Net Margin<\/td>\n<td>5.18%<\/td>\n<td>8.14%<\/td>\n<td>4.79%<\/td>\n<td>5.33%<\/td>\n<\/tr>\n<tr>\n<td>Diluted EPS (Rs)<\/td>\n<td>8.20<\/td>\n<td>14.10<\/td>\n<td>6.45<\/td>\n<td>7.99<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>March is seasonally the strongest quarter for Indian EPC companies, so the 15.13% margin is not the new normal for this marine infrastructure stock. Guidance points to 10% to 10.5%, close to the 10.48% of June 2026.<\/p>\n<p>The five-year record of this marine infrastructure stock is stronger than its latest quarter. Revenue rose from Rs 3,820.88 crore in FY22 to Rs 10,243.41 crore in FY26, net profit from Rs 69.34 crore to Rs 597.73 crore, and net margin from 1.82% to 5.94%.<\/p>\n<p>Book value per share was Rs 139.67 at FY26 close against Rs 65.85 in FY22, and debt to equity has fallen to 0.38 from 0.61 in FY24. Net debt rose to about Rs 700 crore in the June quarter from Rs 527 crore.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/screeners'>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Owns_This_Marine_Infrastructure_Stock_Now\"><\/span><strong>Who Owns This Marine Infrastructure Stock Now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Promoter holding in this marine infrastructure stock has stayed at 67.46% for five straight quarters, with zero shares pledged. The movement has been institutional, with foreign investors trimming and domestic funds adding.<\/p>\n<table>\n<thead>\n<tr>\n<th>Shareholder<\/th>\n<th>Jun 2025<\/th>\n<th>Sep 2025<\/th>\n<th>Dec 2025<\/th>\n<th>Mar 2026<\/th>\n<th>Jun 2026<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Promoters<\/td>\n<td>67.46%<\/td>\n<td>67.46%<\/td>\n<td>67.46%<\/td>\n<td>67.46%<\/td>\n<td>67.46%<\/td>\n<\/tr>\n<tr>\n<td>FIIs<\/td>\n<td>9.21%<\/td>\n<td>8.36%<\/td>\n<td>8.19%<\/td>\n<td>7.31%<\/td>\n<td>7.26%<\/td>\n<\/tr>\n<tr>\n<td>DIIs<\/td>\n<td>0.79%<\/td>\n<td>0.72%<\/td>\n<td>1.50%<\/td>\n<td>1.94%<\/td>\n<td>2.86%<\/td>\n<\/tr>\n<tr>\n<td>Public<\/td>\n<td>22.55%<\/td>\n<td>23.45%<\/td>\n<td>22.84%<\/td>\n<td>23.28%<\/td>\n<td>22.40%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Foreign holding in this marine infrastructure stock fell nearly two percentage points over the year, from 9.21% to 7.26%, while domestic institutions went from 0.79% to 2.86%. The shareholder count was around 90,800 in June 2026, below 94,800 in December 2025.<\/p>\n<p>With 67.46% locked with the promoter, the free float is under a third of the equity, which concentrates price action in this marine infrastructure stock and explains its daily swings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_This_Marine_Infrastructure_Stock_Expensive_at_Current_Levels\"><\/span><strong>Is This Marine Infrastructure Stock Expensive at Current Levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On trailing numbers, yes, relative to peers. The Cemindia Projects share price of around Rs 1,258 gives a PE of approximately 35.32 against an industry PE near 23.72, and a price to book of about 8.86 on a book value of Rs 139.68. The marine infrastructure stock is capitalised at roughly Rs 21,248 crore.<\/p>\n<p>The counter-argument is returns. Return on equity is approximately 24.91% and trailing EPS Rs 35.02, earned with debt to equity of only 0.38. A contractor with mid-twenties returns and low gearing rarely trades at the industry average, so some premium is defensible. Whether this one is depends on FY27 execution, and the dividend yield is thin at approximately 0.24%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_in_This_Marine_Infrastructure_Stock\"><\/span><strong>Key Risks in This Marine Infrastructure Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Related-party concentration:<\/strong> Promoter group companies account for roughly 25% to 26% of the order book, and close to half of recent inflows are linked to the same group. If group spending on ports, airports or data centres slows, inflow guidance for this marine infrastructure stock gets much harder to meet.<\/p>\n<p><strong>Working capital intensity:<\/strong> Rating commentary flagged gross current asset days near 188 in FY25 and working capital utilisation near 85%. Heavy civil contracts absorb cash upfront, and net debt in this marine infrastructure stock has climbed to approximately Rs 700 crore.<\/p>\n<p><strong>Small-cap liquidity and volatility:<\/strong> With a free float under 33%, this marine infrastructure stock gaps hard in both directions. It hit a 20% upper circuit on 30 April 2026 and then fell about 24% from its July peak within weeks.<\/p>\n<p><strong>Margin compression:<\/strong> The 15.13% operating margin of Q4 FY26 sits well above the company&#8217;s own 10% to 10.5% guidance, and June 2026 came in at 10.48%. Extrapolating the March margin into FY27 earnings for this marine infrastructure stock invites disappointment.<\/p>\n<p><strong>Execution and sector risk:<\/strong> For a marine infrastructure stock, an order book of Rs 31,307 crore is only as good as its conversion pace. Marine and tunnelling contracts carry geological surprises, monsoon delays and clearance risk, and steel and cement prices hit fixed-price contracts directly.<\/p>\n<p><strong>Short history under the new owner:<\/strong> The company has changed names several times since 1978 and changed control in May 2025. There is no insolvency record, no auditor qualification and no promoter pledge, but the short track record leaves little against which to judge this marine infrastructure stock.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Cemindia Projects share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cemindia_Projects_Share_Analyst_View\"><\/span><strong>Cemindia Projects Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sentiment on the Cemindia Projects share has stayed constructive through the pullback. A consensus of five analysts tracking this marine infrastructure stock carried an average target of approximately Rs 1,565 in early September 2026, implying roughly 19% upside from about Rs 1,316 then. The implied forward PE was near 29.<\/p>\n<p>Three things dominate the checklist on this marine infrastructure stock. Whether FY27 inflows reach the guided Rs 25,000 crore against Rs 8,519 crore booked in Q1. Whether revenue growth hits 20% to 25% after a June quarter that grew about 5%. And whether data centres, now Rs 4,154 crore of the book, reach the stated ambition of 15% of orders within two years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cemindia_Projects_Share_Price_Target\"><\/span><strong>Cemindia Projects Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The verified Cemindia Projects share price target from that consensus is approximately Rs 1,565. No individual brokerage note beyond it has been independently confirmed for this marine infrastructure stock. Against the Cemindia Projects share price of around Rs 1,258, that is headroom of roughly 24%, almost the distance back to the 52-week high.<\/p>\n<p>A Cemindia Projects share price target is an estimate built on assumed order conversion, not a promise. The more useful reference points for this marine infrastructure stock are levels already tested: Rs 1,649.20 above, the Rs 1,153.80 area that held in August 2026, and the Rs 503.30 March low.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Stocks_to_Track_From_the_Same_Return_Screen\"><\/span><strong>Other Stocks to Track From the Same Return Screen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond this marine infrastructure stock, a screen of NSE small-cap stocks ranked by 1-year return also includes related names such as <a href=\"https:\/\/univest.in\/stocks\/southbank\/the-south-indian-bank-ltd-share-price-today\">South Indian Bank<\/a> with a 1-year return of 56.49%, <a href=\"https:\/\/univest.in\/stocks\/welent\/welspun-enterprises-ltd-share-price-today\">Welspun Enterprises<\/a> at 42.49% and <a href=\"https:\/\/univest.in\/stocks\/astramicro\/astra-microwave-products-ltd-share-price-today\">Astra Microwave<\/a> at 45.15%.<\/p>\n<p>Among the names covered from that screen, <a href=\"https:\/\/univest.in\/stocks\/mtartech\/mtar-technologies-ltd-share-price-today\">MTAR Technologies<\/a> returned 396.53% over one year. Readers can compare this marine infrastructure stock with the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> benchmark and track each of these names on Univest before making any decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This marine infrastructure stock delivered its 52% one-year return through a clean promoter transition, a rating upgrade, a doubling of March quarter profit and an order book that grew from Rs 24,545 crore to Rs 31,307 crore in one quarter. Those are dated, verifiable events rather than sentiment.<\/p>\n<p>The case against is equally concrete: a PE of about 35 against an industry PE near 24, quarterly revenue growth of only about 5%, rising net debt and heavy reliance on one promoter group. Holders of this marine infrastructure stock have a clear December-quarter checklist, and new buyers may prefer evidence that FY27 guidance is landing over paying up near the consensus target.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_marine_infrastructure_stock_rose_52_in_1_year\"><\/span><strong>Which marine infrastructure stock rose 52% in 1 year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cemindia Projects Ltd (NSE: CEMPRO), formerly ITD Cementation India, gained approximately 52% between 17 September 2025 and 17 September 2026, from Rs 826 to around Rs 1,258. It builds ports, jetties, metro systems, airports and data centres.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_was_ITD_Cementation_India_renamed_Cemindia_Projects\"><\/span><strong>Why was ITD Cementation India renamed Cemindia Projects?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The renaming to Cemindia Projects Ltd took effect on 19 August 2025, after Renew Exim DMCC became the new promoter in May 2025. The ITD name belonged to Italian-Thai Development, so it was dropped once control changed. The business had already traded as Cemindia Company Limited in 1978.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_the_promoter_of_Cemindia_Projects_now\"><\/span><strong>Who is the promoter of Cemindia Projects now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Renew Exim DMCC, an entity linked to the Adani promoter family, holds 67.46% and became promoter with effect from 28 May 2025. It bought 46.64% from Italian-Thai Development at Rs 400 per share and added 20.83% through an open offer at Rs 571.68 per share.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Cemindia_Projects_order_book\"><\/span><strong>What is the Cemindia Projects order book?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The order book stood at an all-time high of Rs 31,307 crore as on 30 June 2026, disclosed with the Q1 FY27 results on 28 July 2026. Maritime structures are 23% at Rs 7,258 crore, urban infrastructure and airports 21%, and data centres 13%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Cemindia_Projects_Q1_FY27_results\"><\/span><strong>What were the Cemindia Projects Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> June 2026 quarter revenue was Rs 2,731.35 crore, up approximately 5% year on year. Net profit was Rs 140.83 crore against Rs 137.23 crore, EBITDA was Rs 285.09 crore and the operating margin was 10.48%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52-week_high_and_low_of_the_Cemindia_Projects_share_price\"><\/span><strong>What is the 52-week high and low of the Cemindia Projects share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52-week high is Rs 1,649.20, made in July 2026, and the 52-week low is Rs 503.30, made in March 2026. The Cemindia Projects share price of around Rs 1,258 on 17 September 2026 is roughly 24% below that high and 150% above the low.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Cemindia_Projects_share_price_target\"><\/span><strong>What is the Cemindia Projects share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A consensus of five analysts carried an average Cemindia Projects share price target of approximately Rs 1,565 in early September 2026. That implies upside of roughly 24% from around Rs 1,258, but a target is an estimate based on assumed order conversion, not a commitment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_marine_infrastructure_stock_risky_for_new_investors\"><\/span><strong>Is this marine infrastructure stock risky for new investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, meaningfully so. The free float is under a third of the equity, roughly a quarter of the order book comes from promoter group companies, and it trades at a PE of around 35 against an industry PE near 24. Consulting a SEBI-registered advisor before investing is sensible.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which marine infrastructure stock rose 52% in 1 year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cemindia Projects Ltd (NSE: CEMPRO), formerly ITD Cementation India, gained approximately 52% between 17 September 2025 and 17 September 2026, from Rs 826 to around Rs 1,258. It builds ports, jetties, metro systems, airports and data centres.\"}},{\"@type\":\"Question\",\"name\":\"Why was ITD Cementation India renamed Cemindia Projects?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The renaming to Cemindia Projects Ltd took effect on 19 August 2025, after Renew Exim DMCC became the new promoter in May 2025. The ITD name belonged to Italian-Thai Development, so it was dropped once control changed. The business had already traded as Cemindia Company Limited in 1978.\"}},{\"@type\":\"Question\",\"name\":\"Who is the promoter of Cemindia Projects now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Renew Exim DMCC, an entity linked to the Adani promoter family, holds 67.46% and became promoter with effect from 28 May 2025. It bought 46.64% from Italian-Thai Development at Rs 400 per share and added 20.83% through an open offer at Rs 571.68 per share.\"}},{\"@type\":\"Question\",\"name\":\"What is the Cemindia Projects order book?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The order book stood at an all-time high of Rs 31,307 crore as on 30 June 2026, disclosed with the Q1 FY27 results on 28 July 2026. Maritime structures are 23% at Rs 7,258 crore, urban infrastructure and airports 21%, and data centres 13%.\"}},{\"@type\":\"Question\",\"name\":\"What were the Cemindia Projects Q1 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"June 2026 quarter revenue was Rs 2,731.35 crore, up approximately 5% year on year. Net profit was Rs 140.83 crore against Rs 137.23 crore, EBITDA was Rs 285.09 crore and the operating margin was 10.48%.\"}},{\"@type\":\"Question\",\"name\":\"What is the 52-week high and low of the Cemindia Projects share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 52-week high is Rs 1,649.20, made in July 2026, and the 52-week low is Rs 503.30, made in March 2026. The Cemindia Projects share price of around Rs 1,258 on 17 September 2026 is roughly 24% below that high and 150% above the low.\"}},{\"@type\":\"Question\",\"name\":\"What is the Cemindia Projects share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A consensus of five analysts carried an average Cemindia Projects share price target of approximately Rs 1,565 in early September 2026. That implies upside of roughly 24% from around Rs 1,258, but a target is an estimate based on assumed order conversion, not a commitment.\"}},{\"@type\":\"Question\",\"name\":\"Is this marine infrastructure stock risky for new investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, meaningfully so. The free float is under a third of the equity, roughly a quarter of the order book comes from promoter group companies, and it trades at a PE of around 35 against an industry PE near 24. Consulting a SEBI-registered advisor before investing is sensible.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One port and jetty builder changed hands, changed its name and then doubled off its March low. Here is what actually moved the price over twelve months, and what could stall it.<\/p>\n","protected":false},"author":29,"featured_media":252105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[5536,5537,5538,5541,5445,5539,5540,5450],"class_list":["post-252107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-cemindia-projects","tag-cemindia-projects-share-price","tag-cemindia-projects-share-price-target","tag-epc-contractor","tag-high-return-stocks","tag-marine-infrastructure-stock","tag-maritime-structures","tag-order-book"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["252105"],"rank_math_title":["Marine Infrastructure Stock Up 52% in 1 Year: Why It Rallied"],"rank_math_description":["This marine infrastructure stock rose approximately 52% in 1 year to around Rs 1,258. See the promoter change, the record Rs 31,307 crore order book and the risks."],"rank_math_focus_keyword":["marine infrastructure stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/marine-infrastructure-stock-rises-52-percent-in-1-year.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/252107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=252107"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/252107\/revisions"}],"predecessor-version":[{"id":252110,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/252107\/revisions\/252110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/252105"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=252107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=252107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=252107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}