ITI Ltd

ITI Ltd

₹ 257 3.55%
22 Apr 12:14 p.m.
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]

  • Market Cap 24,695 Cr.
  • Current Price 257
  • High / Low 384 / 92.7
  • Stock P/E
  • Book Value 21.7
  • Dividend Yield 0.00 %
  • ROCE -3.60 %
  • ROE -14.7 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 11.8 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 -3.15% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
488 1,087 274 359 175 944 230 246 291 781 206 299 302
Operating Profit 9 179 -44 -7 -38 197 -64 -49 -35 -6 -49 -53 -43
OPM % 2% 14% -19% -2% -27% 17% -38% -25% -14% -1% -31% -21% -17%
10 65 12 10 7 226 22 10 10 10 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 -99 -100 -87 -73 -103 -126 -102
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-32 201 -88 -56 -93 357 -99 -100 -87 -73 -103 -126 -102
EPS in Rs -0.34 2.16 -0.94 -0.60 -0.99 3.83 -1.06 -1.06 -0.92 -0.77 -1.07 -1.31 -1.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
916 843 709 574 1,252 1,528 1,475 1,668 2,059 2,362 1,861 1,395 1,438
1,212 1,132 953 785 1,424 1,633 1,394 1,769 1,913 2,311 1,752 1,549 1,589
Operating Profit -296 -289 -244 -210 -172 -105 81 -100 146 51 109 -154 -151
OPM % -32% -34% -34% -37% -14% -7% 6% -6% 7% 2% 6% -11% -11%
33 210 39 86 594 541 327 336 184 161 255 53 45
Interest 85 85 122 157 157 153 153 106 141 160 192 210 244
Depreciation 21 18 17 15 13 17 25 37 42 42 51 50 52
Profit before tax -370 -182 -344 -297 251 266 231 93 147 11 120 -360 -403
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-370 -182 -344 -297 251 266 231 93 147 11 120 -360 -403
EPS in Rs -12.84 -6.32 -11.95 -10.32 8.72 4.76 3.03 1.03 1.59 0.12 1.29 -3.79 -4.21
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -1%
3 Years: -12%
TTM: -18%
Compounded Profit Growth
10 Years: 0%
5 Years: %
3 Years: %
TTM: -674%
Stock Price CAGR
10 Years: 31%
5 Years: 22%
3 Years: 33%
1 Year: 162%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: -3%
Last Year: -15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 288 288 288 288 288 560 760 897 925 934 934 950 961
Reserves 825 584 231 125 389 499 868 897 1,357 1,475 1,640 1,390 1,120
Preference Capital 300 300 300 300 300 0 0 0 0 0 0 0
485 608 876 1,221 1,139 1,524 1,226 1,259 1,216 1,465 1,613 1,877 1,941
5,668 5,561 3,726 3,741 4,052 2,965 4,189 3,943 4,225 5,043 5,394 5,280 5,002
Total Liabilities 7,267 7,041 5,121 5,374 5,868 5,548 7,044 6,995 7,723 8,917 9,580 9,497 9,023
2,517 2,486 2,453 2,423 2,458 2,506 2,620 2,695 2,693 2,702 2,729 2,752 2,751
CWIP 2 1 21 33 92 102 149 165 189 169 150 139 138
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
4,748 4,554 2,647 2,917 3,318 2,939 4,274 4,135 4,841 6,046 6,701 6,605 6,134
Total Assets 7,267 7,041 5,121 5,374 5,868 5,548 7,044 6,995 7,723 8,917 9,580 9,497 9,023

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-128 -179 -127 -149 -319 -347 -109 22 -197 96 -436 -294
-1 -3 -19 -10 -104 -75 -96 -124 -75 -306 177 46
57 178 161 398 273 468 364 -19 285 198 247 241
Net Cash Flow -72 -4 15 239 -150 45 158 -121 13 -12 -12 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 1,195 1,466 1,001 1,170 500 525 762 581 490 394 536 635
Inventory Days 171 206 341 247 75 110 126 114 167 196 118 261
Days Payable 2,195 3,006 5,345 3,637 1,021 1,228 1,482 1,109 1,500 1,578 855 1,242
Cash Conversion Cycle -829 -1,334 -4,003 -2,220 -447 -594 -594 -414 -844 -988 -202 -345
Working Capital Days -168 -275 -321 -399 -364 -73 -1 64 66 49 234 340
ROCE % -14% -15% -13% -8% 15% 18% 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.

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