ITI Ltd

About [ edit ]

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.

  • Market Cap 11,020 Cr.
  • Current Price 118
  • High / Low 152 / 80.0
  • Stock P/E
  • Book Value 23.3
  • Dividend Yield 0.00 %
  • ROCE 8.89 %
  • ROE 7.39 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 5.07 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.61% for last 3 years.
  • Earnings include an other income of Rs.109.07 Cr.
  • Company has high debtors of 489.50 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
790 189 284 563 633 161 420 828 650 165 434 497
723 275 361 583 551 189 376 763 581 225 511 487
Operating Profit 67 -86 -77 -19 82 -28 43 65 69 -60 -78 9
OPM % 8% -46% -27% -3% 13% -17% 10% 8% 11% -36% -18% 2%
Other Income 90 125 125 73 14 10 11 151 12 9 78 10
Interest 39 29 32 31 15 32 37 36 36 41 45 40
Depreciation 10 7 8 9 13 11 10 12 9 11 11 11
Profit before tax 108 3 8 14 69 -61 7 168 36 -102 -56 -32
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit 108 3 8 14 69 -61 7 168 36 -102 -56 -32
EPS in Rs 1.42 0.03 0.08 0.15 0.77 -0.68 0.08 1.88 0.39 -1.11 -0.61 -0.34

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,701 4,596 2,100 916 843 709 574 1,252 1,528 1,475 1,668 2,059 1,746
2,226 5,286 2,446 1,212 1,132 953 950 1,427 1,633 1,394 1,769 1,909 1,805
Operating Profit -525 -690 -346 -296 -289 -244 -375 -176 -105 81 -100 150 -58
OPM % -31% -15% -16% -32% -34% -34% -65% -14% -7% 6% -6% 7% -3%
Other Income 176 375 77 33 210 39 251 597 541 327 336 184 109
Interest 292 119 66 85 85 122 157 157 153 153 106 141 162
Depreciation 27 24 22 21 18 17 15 13 17 25 37 42 42
Profit before tax -668 -459 -358 -370 -182 -344 -297 251 266 231 93 151 -154
Tax % -0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -668 -459 -358 -370 -182 -344 -297 251 266 231 93 151 -154
EPS in Rs -23.20 -15.93 -12.42 -12.84 -6.32 -11.95 -10.32 8.72 4.76 3.03 1.03 1.63 -1.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-8%
5 Years:29%
3 Years:10%
TTM:-14%
Compounded Profit Growth
10 Years:9%
5 Years:20%
3 Years:-17%
TTM:-184%
Stock Price CAGR
10 Years:14%
5 Years:36%
3 Years:4%
1 Year:37%
Return on Equity
10 Years:-7%
5 Years:14%
3 Years:10%
Last Year:7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
588 588 588 588 588 588 588 588 560 760 897 925 925
Reserves -592 1,427 1,219 825 584 231 -67 197 499 731 842 1,407 1,250
Borrowings 2,144 278 343 485 608 876 1,221 1,139 1,524 1,226 1,259 1,216 1,485
3,881 6,480 6,211 5,668 5,561 3,726 3,933 4,244 2,965 4,326 3,998 4,178 3,794
Total Liabilities 5,720 8,474 8,061 7,267 7,041 5,121 5,374 5,868 5,548 7,044 6,995 7,725 7,455
2,639 2,592 2,548 2,517 2,486 2,453 2,423 2,458 2,506 2,620 2,695 2,693 2,673
CWIP 2 1 7 2 1 21 33 92 102 149 165 189 194
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
3,079 5,880 5,506 4,748 4,554 2,647 2,917 3,318 2,939 4,274 4,135 4,843 4,588
Total Assets 5,720 8,474 8,061 7,267 7,041 5,121 5,374 5,868 5,548 7,044 6,995 7,725 7,455

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
271 -568 -374 -128 -179 -127 -149 -319 -347 -109 22 -197
-13 12 -6 -1 -3 -19 -10 -104 -75 -96 -124 -46
-254 835 177 57 178 161 398 273 468 364 -19 285
Net Cash Flow 5 278 -204 -72 -4 15 239 -150 45 158 -121 42

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -15% -15% -13% -14% -15% -13% -8% 16% 19% 14% 7% 9%
Debtor Days 487 391 604 1,195 1,466 1,001 1,170 500 525 762 581 490
Inventory Turnover 3.34 10.81 7.95 2.50 1.88 1.21 1.63 5.21 3.85 3.11 3.23 2.43

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
93.76 90.00 90.00 90.00 90.00 90.00 90.00 90.30 90.30 90.30 90.30 90.09
0.04 0.04 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02
0.03 0.03 0.03 0.04 0.04 0.02 0.02 0.01 0.01 0.00 0.00 0.00
3.99 7.75 7.75 7.75 7.75 7.75 7.75 7.51 7.51 7.51 7.51 7.74
2.18 2.18 2.23 2.22 2.22 2.21 2.22 2.15 2.15 2.16 2.16 2.14

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