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 ₹ 5,575 Cr.
- Current Price ₹ 650
- High / Low ₹ 740 / 467
- Stock P/E 69.6
- Book Value ₹ 42.4
- Dividend Yield 0.45 %
- ROCE 30.5 %
- ROE 24.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 34.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 32.7%
Cons
- Stock is trading at 15.3 times its book value
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
459 | 492 | 459 | 349 | 346 | 354 | 347 | 177 | 289 | 461 | 509 | 570 | 585 | |
471 | 478 | 441 | 340 | 372 | 335 | 329 | 222 | 291 | 389 | 415 | 485 | 498 | |
Operating Profit | -12 | 14 | 18 | 9 | -27 | 19 | 18 | -44 | -1 | 71 | 94 | 85 | 87 |
OPM % | -3% | 3% | 4% | 3% | -8% | 5% | 5% | -25% | -0% | 16% | 18% | 15% | 15% |
30 | 34 | 19 | 16 | 58 | 44 | 25 | 16 | 19 | 17 | 18 | 20 | 22 | |
Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 |
Depreciation | 7 | 11 | 9 | 7 | 7 | 7 | 8 | 7 | 7 | 7 | 7 | 7 | 7 |
Profit before tax | 11 | 36 | 27 | 17 | 23 | 55 | 35 | -36 | 10 | 80 | 101 | 98 | 101 |
Tax % | 25% | 12% | 36% | 49% | 38% | 32% | 47% | 2% | 34% | 32% | 37% | 18% | |
8 | 32 | 18 | 9 | 14 | 38 | 19 | -37 | 6 | 54 | 64 | 81 | 79 | |
EPS in Rs | 0.95 | 3.71 | 2.08 | 0.87 | 1.35 | 4.58 | 2.37 | -4.06 | 0.79 | 6.43 | 7.53 | 9.51 | 9.28 |
Dividend Payout % | 53% | 54% | 72% | 153% | 137% | 46% | 0% | 0% | 0% | 34% | 33% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 10% |
3 Years: | 25% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 34% |
3 Years: | 145% |
TTM: | 34% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 23% |
3 Years: | 21% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 11% |
3 Years: | 21% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 |
Reserves | 208 | 214 | 216 | 221 | 222 | 243 | 234 | 195 | 200 | 252 | 220 | 278 |
3 | 4 | 4 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
295 | 311 | 304 | 307 | 359 | 332 | 298 | 281 | 298 | 595 | 708 | 382 | |
Total Liabilities | 592 | 614 | 610 | 618 | 667 | 663 | 619 | 563 | 585 | 934 | 1,015 | 746 |
62 | 52 | 51 | 57 | 57 | 55 | 51 | 45 | 40 | 46 | 40 | 42 | |
CWIP | 6 | 7 | 8 | 13 | 4 | 6 | 6 | 6 | 11 | 3 | 4 | 6 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
523 | 556 | 551 | 547 | 606 | 602 | 562 | 511 | 534 | 885 | 970 | 699 | |
Total Assets | 592 | 614 | 610 | 618 | 667 | 663 | 619 | 563 | 585 | 934 | 1,015 | 746 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | -38 | 13 | -7 | 15 | -29 | 8 | -13 | 16 | -12 | -3 | 53 | |
21 | 20 | 15 | -1 | 7 | 23 | 12 | 11 | 5 | -3 | 50 | -4 | |
3 | -5 | -21 | -15 | -9 | -20 | -22 | 0 | 0 | 0 | -19 | -22 | |
Net Cash Flow | 44 | -24 | 7 | -23 | 13 | -25 | -2 | -2 | 21 | -15 | 28 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 65 | 89 | 86 | 102 | 108 | 100 | 102 | 136 | 89 | 62 | 54 | 77 |
Inventory Days | 77 | 59 | 79 | 66 | 60 | 44 | 122 | 268 | 115 | 86 | 134 | 220 |
Days Payable | 257 | 248 | 305 | 332 | 334 | 272 | 673 | 1,119 | 706 | 767 | 937 | 1,452 |
Cash Conversion Cycle | -115 | -100 | -139 | -164 | -165 | -129 | -449 | -715 | -502 | -619 | -748 | -1,155 |
Working Capital Days | -37 | -9 | -18 | -19 | -38 | -12 | 22 | -16 | 1 | -145 | -244 | 41 |
ROCE % | 4% | 11% | 12% | 9% | -2% | 11% | 10% | -12% | 2% | 27% | 34% | 31% |
Documents
Announcements
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Volume Movement Letter
2d - Company states no undisclosed information regarding recent volume spike; no announcement made.
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Clarification sought from India Tourism Development Corporation Ltd
2d - Exchange has sought clarification from India Tourism Development Corporation Ltd on September 10, 2025, with reference to Movement in Volume.
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Disclosure Of Information Under Regulation 30 Of SEBI(LODR),
Regulation 2015
29 Aug - Ministry approves raising retirement age for board and below-board employees from 58 to 60 (29.08.2025).
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Disclosure Of Information Under Regulation 30 Of SEBI(LODR),
Regulation 2015
29 Aug - Ministry approved raising retirement age from 58 to 60 for ITDC board-level and below employees, letter dated 29.08.2025.
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100 Days Campaign-"Saksham Niveshak"
27 Aug - Launched 100-day 'Saksham Niveshak' campaign to contact unpaid/unclaimed dividend shareholders; details on company website.
Annual reports
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Financial Year 2025
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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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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]