India Tourism Development Corporation Ltd

₹ 355 1.36%
03 Oct - 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 3,039 Cr.
  • Current Price 355
  • High / Low 445 / 262
  • Stock P/E 175
  • Book Value 33.4
  • Dividend Yield 0.00 %
  • ROCE 2.06 %
  • ROE 1.82 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 10.6 times its book value
  • The company has delivered a poor sales growth of -3.68% over past five years.
  • Company has a low return on equity of -1.64% over last 3 years.
  • Contingent liabilities of Rs.974 Cr.
  • Earnings include an other income of Rs.19.0 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
62 83 105 97 30 28 46 74 44 70 90 85 96
63 80 86 100 47 48 57 72 46 69 85 91 80
Operating Profit -1 4 19 -3 -17 -21 -11 1 -2 0 5 -5 16
OPM % -2% 4% 18% -4% -58% -75% -24% 2% -4% 1% 6% -6% 17%
6 4 4 11 3 5 3 8 3 3 4 9 3
Interest 1 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 2 6 21 5 -16 -18 -10 7 -0 2 7 2 17
Tax % 81% 108% 57% -88% 3% -8% -6% -10% -567% -142% 87% -193% 41%
Net Profit 0 0 9 9 -15 -18 -10 8 -3 4 1 5 11
EPS in Rs 0.02 -0.05 1.14 1.11 -1.77 -2.24 -1.17 0.96 -0.35 0.45 0.11 0.55 1.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
388 416 429 459 492 459 349 346 354 347 177 289 341
416 415 450 471 478 441 340 372 335 329 224 291 325
Operating Profit -28 1 -20 -12 14 18 9 -27 19 18 -47 -1 16
OPM % -7% 0% -5% -3% 3% 4% 3% -8% 5% 5% -26% -1% 5%
23 28 33 30 34 19 16 58 44 25 19 19 19
Interest 0 1 0 0 0 1 1 1 1 1 1 1 1
Depreciation 6 6 6 7 11 9 7 7 7 8 7 7 7
Profit before tax -11 22 6 11 36 27 17 23 55 35 -36 10 28
Tax % 22% 63% 50% 25% 12% 36% 49% 38% 32% 47% -2% 34%
Net Profit -9 8 3 8 32 18 9 14 38 19 -37 6 20
EPS in Rs -1.04 0.98 0.36 0.95 3.71 2.08 0.87 1.35 4.58 2.37 -4.06 0.79 2.31
Dividend Payout % 0% 51% 0% 53% 54% 72% 153% 137% 46% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -4%
3 Years: -7%
TTM: 78%
Compounded Profit Growth
10 Years: -3%
5 Years: -12%
3 Years: -39%
TTM: 171%
Stock Price CAGR
10 Years: 1%
5 Years: -8%
3 Years: 14%
1 Year: -16%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: -2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
86 86 86 86 86 86 86 86 86 86 86 86
Reserves 196 200 203 208 214 216 221 222 243 234 195 200
5 5 5 3 4 4 5 1 1 1 1 1
302 300 279 295 311 304 307 359 332 298 281 298
Total Liabilities 589 591 573 592 614 610 618 667 663 619 563 585
72 71 68 62 52 51 57 57 55 51 45 40
CWIP 25 6 4 6 7 8 13 4 6 6 6 11
Investments 0 0 0 0 0 0 0 0 0 0 0 0
492 514 500 523 556 551 547 606 602 562 511 534
Total Assets 589 591 573 592 614 610 618 667 663 619 563 585

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-56 -49 -67 20 -38 13 -7 15 -29 8 -13 16
26 37 22 21 20 15 -1 7 23 12 11 5
0 -0 37 3 -5 -21 -15 -9 -20 -22 0 0
Net Cash Flow -30 -12 -7 44 -24 7 -23 13 -25 -2 -2 21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 88 99 87 65 89 86 102 108 100 102 136 89
Inventory Days 83 116 65 77 59 79 66 60 44 122 268 115
Days Payable 802 589 317 257 248 305 332 334 272 673 1,119 706
Cash Conversion Cycle -631 -374 -165 -115 -100 -139 -164 -165 -129 -449 -715 -502
Working Capital Days -72 -13 -3 -37 -9 -18 -18 -37 -11 23 -14 1
ROCE % -4% 7% 2% 4% 12% 12% 9% -2% 11% 10% -12% 2%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 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
0.00 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.24 2.86 2.71 2.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9.73 10.06 10.26 10.27 12.97 12.97 12.97 12.97 12.97 12.97 12.97 12.97

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