India Tourism Development Corporation Ltd

₹ 405 19.99%
25 Nov - close price
About

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]

Key Points

Facilities
ITDC has a network of four Ashok Group of Hotels, one Joint Venture Hotels, 1 Restaurant, 12 Transport Units, 13 Duty Free Shops at Sea ports and one Sound & Light Shows. [1]

  • Market Cap 3,470 Cr.
  • Current Price 405
  • High / Low 445 / 262
  • Stock P/E 133
  • Book Value 39.6
  • Dividend Yield 0.00 %
  • ROCE 2.04 %
  • ROE 1.73 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 10.2 times its book value
  • The company has delivered a poor sales growth of -2.95% over past five years.
  • Company has a low return on equity of -0.56% over last 3 years.
  • Earnings include an other income of Rs.22.3 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
82 103 91 29 27 46 73 44 68 88 84 95 91
78 84 92 46 47 56 71 45 68 83 90 79 79
Operating Profit 4 20 -1 -16 -20 -10 2 -1 1 5 -6 16 12
OPM % 5% 19% -1% -55% -72% -22% 3% -2% 1% 6% -8% 17% 13%
4 4 11 3 5 3 14 3 3 4 9 3 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 7 22 7 -15 -17 -9 14 0 2 7 1 18 15
Tax % 98% 55% -57% 3% -9% -7% -6% 773% -116% 83% -466% 39% 19%
Net Profit 0 10 11 -14 -18 -10 15 -2 4 1 4 11 12
EPS in Rs 0.02 1.18 1.30 -1.64 -2.13 -1.13 1.70 -0.26 0.47 0.14 0.44 1.28 1.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
370 398 410 438 472 437 331 340 348 341 176 285 358
401 397 429 451 457 415 319 363 327 319 219 287 332
Operating Profit -30 0 -19 -13 16 22 12 -24 21 21 -43 -2 26
OPM % -8% 0% -5% -3% 3% 5% 4% -7% 6% 6% -25% -1% 7%
24 28 30 31 34 19 14 58 44 25 25 20 22
Interest 0 1 0 0 0 0 1 0 1 1 1 1 1
Depreciation 6 6 6 6 10 8 6 7 7 7 7 6 7
Profit before tax -12 22 5 12 39 32 20 26 57 39 -27 10 41
Tax % 27% 61% 45% 21% 12% 30% 41% 33% 31% 43% -3% 33%
Net Profit -9 9 3 9 34 23 11 18 40 22 -27 7 28
EPS in Rs -1.00 1.00 0.35 1.10 4.01 2.63 1.33 2.06 4.61 2.56 -3.20 0.80 3.30
Dividend Payout % 0% 50% 0% 46% 50% 57% 100% 90% 46% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: -3%
3 Years: -6%
TTM: 54%
Compounded Profit Growth
10 Years: -3%
5 Years: -18%
3 Years: -40%
TTM: 478%
Stock Price CAGR
10 Years: -6%
5 Years: -5%
3 Years: 6%
1 Year: 5%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: -1%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
86 86 86 86 86 86 86 86 86 86 86 86 86
Reserves 220 223 226 230 239 246 245 245 268 260 229 234 254
0 0 0 0 0 0 0 0 0 0 0 0 0
278 279 256 270 285 279 291 341 318 283 260 281 503
Total Liabilities 584 587 568 586 610 611 622 672 671 629 575 601 843
63 61 58 52 43 42 49 49 47 43 38 32 38
CWIP 22 3 1 3 4 5 10 1 3 3 3 8 3
Investments 8 8 8 11 11 11 11 9 9 9 9 9 9
491 515 501 520 553 553 551 613 611 573 525 552 793
Total Assets 584 587 568 586 610 611 622 672 671 629 575 601 843

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-58 -49 -25 22 -36 15 -9 15 -29 8 -13 16
27 38 23 18 19 15 -1 12 23 12 11 5
0 -0 -5 0 -5 -21 -14 -14 -19 -22 0 0
Net Cash Flow -31 -12 -6 40 -22 9 -24 13 -25 -2 -2 21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 94 105 91 68 93 90 107 110 102 105 139 92
Inventory Days 78 120 109 78 59 80 67 60 44 51 160 55
Days Payable 818 627 532 265 253 315 342 334 273 286 678 340
Cash Conversion Cycle -646 -402 -332 -119 -101 -144 -168 -165 -128 -131 -379 -193
Working Capital Days -54 7 16 -19 9 3 10 -13 15 52 65 52
ROCE % -4% 7% 2% 4% 12% 13% 9% -1% 10% 10% -9% 2%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
87.03 87.03 87.03 87.03 87.03 87.03 87.03 87.03 87.03 87.03 87.03 87.03
0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.86 2.71 2.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.59
10.06 10.26 10.27 12.97 12.97 12.97 12.97 12.97 12.97 12.97 12.97 10.38

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