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 ₹ 5,848 Cr.
- Current Price ₹ 681
- High / Low ₹ 879 / 311
- Stock P/E 84.9
- Book Value ₹ 41.9
- Dividend Yield 0.32 %
- ROCE 28.0 %
- ROE 18.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 163% CAGR over last 5 years
- Debtor days have improved from 95.2 to 61.7 days.
Cons
- Stock is trading at 16.3 times its book value
- The company has delivered a poor sales growth of 6.04% over past five years.
- Company has a low return on equity of 2.84% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
416 | 429 | 459 | 492 | 459 | 349 | 346 | 354 | 347 | 177 | 294 | 464 | 541 | |
415 | 450 | 471 | 478 | 441 | 340 | 372 | 335 | 329 | 224 | 292 | 388 | 447 | |
Operating Profit | 1 | -20 | -12 | 14 | 18 | 9 | -27 | 19 | 18 | -47 | 2 | 75 | 93 |
OPM % | 0% | -5% | -3% | 3% | 4% | 3% | -8% | 5% | 5% | -26% | 1% | 16% | 17% |
28 | 33 | 30 | 34 | 19 | 16 | 58 | 44 | 25 | 19 | 13 | 17 | 14 | |
Interest | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 6 | 6 | 7 | 11 | 9 | 7 | 7 | 7 | 8 | 7 | 7 | 7 | 6 |
Profit before tax | 22 | 6 | 11 | 36 | 27 | 17 | 23 | 55 | 35 | -36 | 7 | 84 | 100 |
Tax % | 63% | 50% | 25% | 12% | 36% | 49% | 38% | 32% | 47% | -2% | 46% | 31% | |
8 | 3 | 8 | 32 | 18 | 9 | 14 | 38 | 19 | -37 | 4 | 59 | 69 | |
EPS in Rs | 0.98 | 0.36 | 0.95 | 3.71 | 2.08 | 0.87 | 1.35 | 4.58 | 2.37 | -4.06 | 0.49 | 6.90 | 8.00 |
Dividend Payout % | 51% | 0% | 53% | 54% | 72% | 153% | 137% | 46% | 0% | 0% | 0% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 6% |
3 Years: | 10% |
TTM: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 163% |
3 Years: | 52% |
TTM: | 47% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 21% |
3 Years: | 27% |
1 Year: | 120% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 3% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 |
Reserves | 200 | 203 | 208 | 214 | 216 | 221 | 222 | 243 | 234 | 195 | 198 | 256 | 274 |
5 | 5 | 3 | 4 | 4 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
300 | 279 | 295 | 311 | 304 | 307 | 359 | 332 | 298 | 281 | 300 | 591 | 513 | |
Total Liabilities | 591 | 573 | 592 | 614 | 610 | 618 | 667 | 663 | 619 | 563 | 584 | 934 | 874 |
71 | 68 | 62 | 52 | 51 | 57 | 57 | 55 | 51 | 45 | 40 | 46 | 42 | |
CWIP | 6 | 4 | 6 | 7 | 8 | 13 | 4 | 6 | 6 | 6 | 11 | 3 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
514 | 500 | 523 | 556 | 551 | 547 | 606 | 602 | 562 | 511 | 534 | 885 | 828 | |
Total Assets | 591 | 573 | 592 | 614 | 610 | 618 | 667 | 663 | 619 | 563 | 584 | 934 | 874 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-49 | -67 | 20 | -38 | 13 | -7 | 15 | -29 | 8 | -13 | 16 | -12 | |
37 | 22 | 21 | 20 | 15 | -1 | 7 | 23 | 12 | 11 | 5 | -3 | |
-0 | 37 | 3 | -5 | -21 | -15 | -9 | -20 | -22 | 0 | 0 | 0 | |
Net Cash Flow | -12 | -7 | 44 | -24 | 7 | -23 | 13 | -25 | -2 | -2 | 21 | -15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 99 | 87 | 65 | 89 | 86 | 102 | 108 | 100 | 102 | 136 | 88 | 62 |
Inventory Days | 116 | 65 | 77 | 59 | 79 | 66 | 60 | 44 | 122 | 268 | 117 | 86 |
Days Payable | 589 | 317 | 257 | 248 | 305 | 332 | 334 | 272 | 673 | 1,119 | 721 | 767 |
Cash Conversion Cycle | -374 | -165 | -115 | -100 | -139 | -164 | -165 | -129 | -449 | -715 | -516 | -619 |
Working Capital Days | -13 | -3 | -37 | -9 | -18 | -18 | -37 | -11 | 23 | -14 | -2 | -141 |
ROCE % | 7% | 2% | 4% | 11% | 12% | 9% | -2% | 11% | 10% | -13% | 3% | 28% |
Documents
Announcements
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 9 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Compliance Certificate under Reg 74(5) of SEBI DP Regulations
- Compliance W.R.T. PCS Certificate For Transfer, Transmission And Transposition 5 Apr
- Compliance Certificate For The Period Ended 31.03.2024 5 Apr
-
Announcement under Regulation 30 (LODR)-Change in Directorate
2 Apr - In continuation to our previous submission dated 28.03.2024 Please find enclosed the detailed reason for resignation along with the Resignation Letter.
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]