Cemindia Projects Limited (formerly known as ITD Cementation India Limited) has announced the outcome of its Board of Directors meeting held on May 14, 2026. The Board has recommended the payment of a final dividend of Rs 3 per equity share for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming Annual General Meeting. The Board meeting commenced at 4.36 p.m. and concluded at 5.10 p.m.

Dividend Details

The Board recommended a dividend of Rs 3 per share on 17,17,87,584 equity shares of Re 1 each, totaling 300%. The key dates and details regarding the dividend payout are outlined below:

Record Date and Entitlement

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has fixed Friday, June 12, 2026, as the Record Date for determining entitlement of members to receive the dividend. The payment will be made to members whose names appear in the Register of Members or the Register of Beneficial Owners as at the close of business hours on the Record Date. This applies to beneficial owners holding shares in dematerialised form as well as members holding shares in physical form, after giving effect to valid requests received for transmission or transposition of shares lodged with the Company or its Registrar and Transfer Agent.

AGM and Dividend Declaration

The company had previously disclosed the Annual General Meeting scheduled on Saturday, June 27, 2026, which remains unchanged. However, an additional item relating to the declaration of dividend has been included in the Notice of the Annual General Meeting. If declared by the shareholders at the AGM, the dividend will be paid on Friday, July 3, 2026.

Trading Window Closure

The trading window for dealing in the securities of Cemindia Projects remains closed effective May 8, 2026, in accordance with SEBI regulations. The window will reopen 48 hours after the recommendation of dividend is made by the Board.

Cemindia Projects Limited delivered a landmark performance in FY26, crossing the ₹10,000 crore revenue milestone for the first time in its history. The company's Q4 FY26 earnings conference call, held on April 30, 2026, featured Managing Director Mr. Jayanta Basu and Accounts Head Mr. Kamlesh Vishwakarma, who presented strong financial results alongside a robust order book and strategic growth outlook.

Q4 FY26 Financial Performance

The fourth quarter results demonstrated exceptional profitability improvement across all key metrics. EBITDA margin expanded significantly year-on-year, driven by successful project completions, claim realizations, and effective cost management.

Management clarified that Q4 margins were elevated due to one-time items, including approximately ₹100 crore in claim realizations during the quarter and provision reversals related to completed metro projects. The sustainable EBITDA margin going forward is guided at 10% to 10.50%, excluding such one-time items.

Full-Year FY26 Financial Highlights

For the full year FY26, Cemindia Projects reported broad-based growth across revenue, profitability, and margins, reflecting consistent operational execution throughout the year.

Mr. Basu highlighted the significance of crossing the ₹10,000 crore revenue mark, noting that profit before tax stood at 8% and PAT at 6% for the full year — metrics he described as "quite healthy numbers."

Order Book and Pipeline

Cemindia Projects reported a strong order book position with significant new order wins during FY26. The company secured approximately ₹14,000 crore of orders during the year, and including an L1 position of ₹1,600 crore and an order secured in April worth ₹3,200 crore, the total order wins stand at approximately ₹19,000 crore — nearly three times the ₹7,000 crore typically secured in previous years.

Key projects secured include Kolkata Metro underground, Pune underground metro, Delhi underground metro, a port project for JSW, an overseas job in Abu Dhabi, and a road-cum-elevated corridor project in Bihar. The company also noted completion of signature projects including Udangudi (100% commissioned), Bangalore Metro, and Mumbai Metro underground during the year.

Segment Outlook and Strategic Priorities

Management identified tunneling (including underground metro, road tunnels, and large-diameter tunnels) and roads and highways as the two primary growth segments, each representing a market opportunity of over ₹1 lakh crore. The company has also entered the data center construction segment, having secured approximately ₹3,000 crore in orders from the Adani Group.

On the Vadhvan Port project, Mr. Basu noted that execution has been delayed due to local issues beyond the company's control, though the breakwater and dredging/reclamation tenders are already in the market for future phases. The Chennai Metro project, with approximately 40% of work still remaining, is expected to be completed by end of 2027 or early 2028.

Regarding TBMs, the company confirmed no idle machines currently, with new TBMs being procured for Pune Metro and Delhi Metro. For large-diameter tunnel projects, additional large-diameter TBMs would need to be acquired.

FY27 Guidance and Capital Expenditure

Management provided the following forward-looking parameters for FY27 based on current visibility:

The FY26 capex stood at ₹260 crore. On fundraising, management confirmed there are no current plans, stating the company is adequately funded. A dividend, which was not declared with the results, was indicated to be forthcoming "within a few weeks," per management's comments during the call.

On commodity inflation risks, Mr. Basu noted that approximately 30% of contracts have star-price (full pass-through) arrangements, while around 80% of jobs overall carry some form of escalation clause protection against normal inflation. He acknowledged that abnormal commodity price increases — such as those driven by geopolitical factors — could have some margin impact, though new project bids would factor in these additional risks.