ITI Ltd

ITI Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ITI Ltd

₹ 300 -1.54%
03 May - close price
itiltd.in BSE: 523610 NSE : ITI
About

ITI Limited is engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The Company focuses on offering telephone communication services. [1]

Key Points

Turnkey Projects (~78% of revenues)[1]
Under this segment, the company is involved in various projects such as BharatNet, ASCON, Net for Spectrum, E-governance projects, FTTH Rollout for Bharti Airtel.[2]

Website BSE NSE
  • Market Cap ₹ 28,836 Cr.
  • Current Price ₹ 300
  • High / Low ₹ 384 / 102
  • Stock P/E
  • Book Value ₹ 22.0
  • Dividend Yield 0.00 %
  • ROCE -3.57 %
  • ROE -14.5 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 13.6 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.10% over past five years.
  • Company has a low return on equity of -3.14% over last 3 years.
  • Company has high debtors of 635 days.
  • Working capital days have increased from 207 days to 340 days

* 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: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
497 1,266 229 352 137 1,142 166 198 256 775 157 246 259
487 1,087 274 359 175 944 230 247 291 781 206 299 302
Operating Profit 9 179 -44 -7 -38 197 -64 -49 -35 -6 -49 -53 -43
OPM % 2% 14% -19% -2% -27% 17% -39% -25% -14% -1% -31% -22% -17%
10 65 12 10 7 226 22 10 10 11 13 10 13
Interest 40 34 45 45 50 52 46 50 51 63 55 69 57
Depreciation 11 9 11 15 12 13 12 12 12 13 12 13 14
Profit before tax -32 201 -88 -56 -93 357 -100 -101 -88 -72 -103 -126 -101
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-32 200 -88 -56 -93 356 -100 -101 -88 -72 -103 -126 -101
EPS in Rs -0.34 2.14 -0.94 -0.60 -0.99 3.81 -1.06 -1.06 -0.92 -0.76 -1.07 -1.31 -1.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,528 1,475 1,668 2,059 2,362 1,861 1,395 1,438
1,633 1,394 1,769 1,914 2,313 1,753 1,549 1,589
Operating Profit -105 81 -100 144 50 107 -154 -152
OPM % -7% 6% -6% 7% 2% 6% -11% -11%
541 327 336 184 161 255 53 46
Interest 153 153 106 141 160 192 210 244
Depreciation 17 25 37 42 42 51 50 52
Profit before tax 266 231 93 146 9 119 -360 -402
Tax % 0% 0% 0% 0% 0% 0% 0%
266 231 93 146 9 119 -360 -402
EPS in Rs 4.76 3.03 1.03 1.58 0.10 1.27 -3.79 -4.19
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: -12%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -689%
Stock Price CAGR
10 Years: 34%
5 Years: 28%
3 Years: 39%
1 Year: 184%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: -3%
Last Year: -14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 560 760 897 925 934 934 950 961
Reserves 540 905 936 1,395 1,511 1,674 1,425 1,154
1,524 1,226 1,259 1,216 1,465 1,613 1,877 1,941
2,965 4,189 3,943 4,225 5,043 5,394 5,280 5,002
Total Liabilities 5,588 7,081 7,034 7,761 8,953 9,615 9,531 9,057
2,506 2,620 2,695 2,693 2,702 2,729 2,752 2,751
CWIP 102 149 165 189 169 150 139 138
Investments 41 38 40 38 36 35 35 35
2,939 4,274 4,135 4,841 6,046 6,701 6,605 6,134
Total Assets 5,588 7,081 7,034 7,761 8,953 9,615 9,531 9,057

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-347 -113 24 -199 94 -437 -294
-75 -93 -126 -73 -304 178 46
468 364 -19 285 198 247 241
Net Cash Flow 45 158 -121 13 -12 -12 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 525 762 581 490 394 536 635
Inventory Days 110 126 114 167 196 118 261
Days Payable 1,228 1,482 1,109 1,705 1,578 855 1,242
Cash Conversion Cycle -594 -594 -414 -1,049 -988 -202 -345
Working Capital Days -73 -1 64 66 49 234 340
ROCE % 14% 7% 9% 5% 8% -4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
90.09% 90.09% 90.09% 90.00% 90.09% 90.09% 90.17% 90.17% 90.28% 90.28% 90.28% 90.00%
0.02% 0.02% 0.02% 0.04% 0.05% 0.07% 0.07% 0.08% 0.08% 0.09% 0.10% 0.11%
0.01% 0.01% 0.02% 0.01% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.02% 0.02%
7.74% 7.74% 7.74% 7.83% 7.76% 7.76% 7.70% 7.70% 7.61% 7.61% 7.61% 7.90%
2.14% 2.14% 2.13% 2.12% 2.08% 2.06% 2.03% 2.03% 2.01% 1.99% 1.99% 1.97%
No. of Shareholders 77,65876,15777,41377,91578,01777,02475,48975,88674,75480,14497,9791,00,321

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Jan 2020
    Transcript
    Notes
    PPT
  • Jan 2019
    Transcript
    Notes
    PPT