India Tourism Development Corporation Ltd
India Tourism Development Corporation Ltd is a Govt. of India undertaking and was established in October 1966, the company is running hotels, restaurants, providing transport facilities, engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to tourists. It has also diversified into consultancy, tourism, engineering projects, training/education in the tourism and hospitality sectors and event management. [1]
- Market Cap ₹ 5,214 Cr.
- Current Price ₹ 608
- High / Low ₹ 931 / 406
- Stock P/E 77.7
- Book Value ₹ 49.6
- Dividend Yield 0.41 %
- ROCE 28.4 %
- ROE 18.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 23.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.2%
- Debtor days have improved from 68.9 to 52.8 days.
Cons
- Stock is trading at 12.3 times its book value
- Company has a low return on equity of 12.5% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Hotels & Restaurants Industry: Hotels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
410 | 438 | 472 | 437 | 331 | 340 | 348 | 341 | 176 | 290 | 455 | 527 | 493 | |
429 | 451 | 457 | 415 | 319 | 363 | 327 | 319 | 219 | 288 | 384 | 425 | 406 | |
Operating Profit | -19 | -13 | 16 | 22 | 12 | -24 | 21 | 21 | -43 | 1 | 72 | 102 | 87 |
OPM % | -5% | -3% | 3% | 5% | 4% | -7% | 6% | 6% | -25% | 1% | 16% | 19% | 18% |
30 | 31 | 34 | 19 | 14 | 58 | 44 | 25 | 25 | 14 | 18 | 17 | 16 | |
Interest | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 3 | 3 |
Depreciation | 6 | 6 | 10 | 8 | 6 | 7 | 7 | 7 | 7 | 6 | 7 | 7 | 7 |
Profit before tax | 5 | 12 | 39 | 32 | 20 | 26 | 57 | 39 | -27 | 8 | 82 | 109 | 94 |
Tax % | 45% | 21% | 12% | 30% | 41% | 33% | 31% | 43% | 3% | 43% | 31% | 34% | |
3 | 9 | 34 | 23 | 11 | 18 | 40 | 22 | -27 | 4 | 56 | 72 | 66 | |
EPS in Rs | 0.35 | 1.10 | 4.01 | 2.63 | 1.33 | 2.06 | 4.61 | 2.56 | -3.20 | 0.51 | 6.56 | 8.38 | 7.71 |
Dividend Payout % | 0% | 46% | 50% | 57% | 100% | 90% | 46% | 0% | 0% | 0% | 34% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 9% |
3 Years: | 44% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 24% |
3 Years: | 63% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 10% |
3 Years: | 17% |
1 Year: | 46% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 13% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 |
Reserves | 226 | 230 | 239 | 246 | 245 | 245 | 268 | 260 | 229 | 231 | 287 | 339 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
256 | 270 | 285 | 279 | 291 | 341 | 318 | 283 | 260 | 283 | 582 | 666 | |
Total Liabilities | 568 | 586 | 610 | 611 | 622 | 672 | 671 | 629 | 575 | 600 | 955 | 1,091 |
58 | 52 | 43 | 42 | 49 | 49 | 47 | 43 | 38 | 32 | 39 | 33 | |
CWIP | 1 | 3 | 4 | 5 | 10 | 1 | 3 | 3 | 3 | 8 | 0 | 1 |
Investments | 8 | 11 | 11 | 11 | 11 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
501 | 520 | 553 | 553 | 551 | 613 | 611 | 573 | 525 | 551 | 908 | 1,048 | |
Total Assets | 568 | 586 | 610 | 611 | 622 | 672 | 671 | 629 | 575 | 600 | 955 | 1,091 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-25 | 22 | -36 | 15 | -9 | 15 | -29 | 8 | -13 | 16 | -14 | 46 | |
23 | 18 | 19 | 15 | -1 | 12 | 23 | 12 | 11 | 5 | -4 | 3 | |
-5 | 0 | -5 | -21 | -14 | -14 | -19 | -22 | 0 | 0 | 0 | -19 | |
Net Cash Flow | -6 | 40 | -22 | 9 | -24 | 13 | -25 | -2 | -2 | 21 | -19 | 30 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 91 | 68 | 93 | 90 | 107 | 110 | 102 | 105 | 139 | 91 | 63 | 53 |
Inventory Days | 109 | 78 | 59 | 80 | 67 | 60 | 44 | 51 | 160 | 55 | 33 | 28 |
Days Payable | 532 | 265 | 253 | 315 | 342 | 334 | 273 | 286 | 678 | 343 | 302 | 193 |
Cash Conversion Cycle | -332 | -119 | -101 | -144 | -168 | -165 | -128 | -131 | -379 | -198 | -205 | -113 |
Working Capital Days | 16 | -19 | 9 | 3 | 10 | -13 | 15 | 52 | 65 | 48 | -110 | -156 |
ROCE % | 2% | 4% | 12% | 13% | 9% | -1% | 10% | 10% | -9% | 3% | 24% | 28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
11 Oct - Additional charge of Managing Director entrusted to Shri M.R. Synrem.
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Certificate Under Regulation 74(5) Of The SEBI (Depositories And Participants) Regulations, 2018 For The Quarter Ended 30Th September, 2024
8 Oct - Certificate under Regulation 74(5) for Q3 2024.
- Closure of Trading Window 27 Sep
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Minutes Of 59Th Annual General Meeting Held On 6Th September 2024 At 1200 Hours Through Video Conferencing
13 Sep - Minutes of 59th Annual General Meeting released.
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Announcement under Regulation 30 (LODR)-Meeting Updates
6 Sep - Proceedings of 59th AGM of ITDC held on September 6, 2024.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product & Services
The Company is running hotels, restaurants at various places for tourists, besides providing transport facilities. In addition, It is engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to the tourists.
It has diversified into new avenues/innovative services like Full-Fledged Money Changer services, engineering related consultancy services etc. The Ashok Institute of Hospitality & Tourism Management of the Corporation imparts training and education in the field of tourism and hospitality. [1]