ITI Ltd

₹ 298 0.32%

03 Jun - close price

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]

Website BSE NSE

Market Cap ₹ 28,659 Cr.
Current Price ₹ 298
High / Low ₹ 373 / 233
Stock P/E
Book Value ₹ 19.2
Dividend Yield 0.00 %
ROCE 1.43 %
ROE -9.13 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Stock is trading at 15.5 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -18.3% over last 3 years.
Earnings include an other income of Rs.503 Cr.
Company has high debtors of 486 days.
Company's cost of borrowing seems high

* 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

Telecommunication Telecommunication Telecom - Equipment & Accessories Telecom - Equipment & Accessories

Part of Nifty 500 Nifty500 Shariah Nifty Smallcap 100 BSE CPSE BSE Telecommunication Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty India Digital Index Nifty Total Market Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted Nifty India Railways PSU BSE 1000 Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	775	157	246	259	601	520	1,016	1,035	1,046	498	543	515	628
	781	206	299	302	775	533	1,025	1,045	1,074	505	545	489	739
Operating Profit	-6	-49	-53	-43	-174	-13	-9	-11	-28	-7	-1	25	-111
OPM %	-1%	-31%	-21%	-17%	-29%	-2%	-1%	-1%	-3%	-1%	-0%	5%	-18%
	10	13	10	13	9	-11	14	20	98	9	13	8	472
Interest	63	55	69	57	60	53	62	64	45	51	53	48	81
Depreciation	13	12	13	14	14	14	14	13	29	15	13	11	-95
Profit before tax	-73	-103	-126	-102	-239	-91	-70	-67	-5	-63	-54	-26	375
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-73	-103	-126	-102	-239	-91	-70	-67	-5	-63	-54	-26	375
EPS in Rs	-0.77	-1.07	-1.31	-1.06	-2.49	-0.95	-0.73	-0.70	-0.05	-0.66	-0.56	-0.27	3.90
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	574	1,252	1,528	1,475	1,668	2,059	2,362	1,861	1,395	1,264	3,616	2,184
	785	1,424	1,633	1,394	1,769	1,913	2,311	1,752	1,549	1,582	3,676	2,140
Operating Profit	-210	-172	-105	81	-100	146	51	109	-154	-318	-60	44
OPM %	-37%	-14%	-7%	6%	-6%	7%	2%	6%	-11%	-25%	-2%	2%
	86	594	541	327	336	184	161	255	53	43	120	503
Interest	157	157	153	153	106	141	160	192	210	241	224	197
Depreciation	15	13	17	25	37	42	42	51	50	53	69	56
Profit before tax	-297	251	266	231	93	147	11	120	-360	-569	-233	293
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-297	251	266	231	93	147	11	120	-360	-569	-233	293
EPS in Rs	-10.32	8.72	4.76	3.03	1.03	1.59	0.12	1.29	-3.79	-5.92	-2.43	3.04
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	6%
5 Years:	-2%
3 Years:	16%
TTM:	-40%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	16%
TTM:	42%

Stock Price CAGR
10 Years:	27%
5 Years:	19%
3 Years:	41%
1 Year:	-11%

Return on Equity
10 Years:	-3%
5 Years:	-12%
3 Years:	-18%
Last Year:	-9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	288	288	560	760	897	925	934	934	950	961	961	963
Reserves	125	389	499	868	897	1,357	1,475	1,640	1,390	789	611	889
	1,521	1,439	1,524	1,226	1,259	1,216	1,465	1,613	1,877	1,801	1,481	765
	3,441	3,752	2,965	4,189	3,943	4,225	5,043	5,394	5,280	6,054	7,340	6,676
Total Liabilities	5,374	5,868	5,548	7,044	6,995	7,723	8,917	9,580	9,497	9,605	10,392	9,293
	2,423	2,458	2,506	2,620	2,695	2,693	2,702	2,729	2,752	2,732	2,710	2,370
CWIP	33	92	102	149	165	189	169	150	139	142	19	16
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	2,917	3,318	2,939	4,274	4,135	4,841	6,046	6,701	6,605	6,730	7,664	6,907
Total Assets	5,374	5,868	5,548	7,044	6,995	7,723	8,917	9,580	9,497	9,605	10,392	9,293

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-149	-319	-347	-109	22	-197	96	-436	-294	974	-154	-135
	-10	-104	-75	-96	-124	-75	-306	177	46	-543	669	924
	398	273	468	364	-19	285	198	247	241	-322	-485	-913
Net Cash Flow	239	-150	45	158	-121	13	-12	-12	-6	109	30	-124
Free Cash Flow	-161	-425	-424	-207	-106	-259	92	-493	-338	937	44	775
CFO/OP	71%	185%	332%	-134%	-22%	-135%	187%	-401%	191%	-306%	256%	-132%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	1,170	500	525	762	581	490	394	536	635	709	403	486
Inventory Days	247	75	110	126	114	167	196	118	261	215	41	41
Days Payable	3,637	1,021	1,228	1,482	1,109	1,500	1,578	855	1,242	1,286	492	574
Cash Conversion Cycle	-2,220	-447	-594	-594	-414	-844	-988	-202	-345	-361	-48	-47
Working Capital Days	-985	-608	-283	-230	-145	-117	-131	-36	-103	-488	-145	-177
ROCE %	-8%	15%	18%	14%	7%	9%	5%	8%	-4%	-8%	-1%	1%

Insights

In beta

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Employees
Absolute

x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx			x,xxx	x,xxx
-x.xx	x.xx	x.xx		x.xx	x.xx	x.xx		xx.xx	x.xx	x.xx	xx.xx
xx.xx	x.xx	x.xx		xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xxx.xx
				xx	xx	xx	xx	xx	xx	xx	xx
							xx,xxx	x,xxx	xx,xxx	xx,xxx	x,xxx
		x,xxx.xx					xx,xxx.xx	x,xxx.xx		xx,xxx.xx	xx,xxx.xx
		xx.xx						x.xx		xx.xx	xx.xx
										xxx	xxx
	x.xx	x.xx	x.xx	x.xx		x.xx	x.xx	x.xx	x.xx	x.xx	x.xx

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Value Added per Employee
Rs. Lakhs

Value of Production per Employee
Rs. Lakhs

Solar Panel Manufacturing Capacity
MW per annum

Manufacturing Output - HDPE Ducts
Km

Order Book Value
Rs. Crore

Manufacturing Output - Smart Banking Cards
Lakhs

Receivabe Cycle
Days

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	90.28%	90.28%	90.28%	90.00%	90.00%	90.00%	90.00%	90.00%	90.02%	90.02%	90.02%	90.02%
	0.08%	0.09%	0.10%	0.11%	0.06%	0.04%	0.06%	0.00%	0.01%	0.00%	0.00%	0.00%
	0.01%	0.01%	0.02%	0.02%	0.03%	0.03%	0.04%	0.04%	0.04%	0.05%	0.05%	0.06%
	7.61%	7.61%	7.61%	7.90%	7.90%	7.90%	7.90%	7.90%	7.88%	7.88%	7.88%	7.88%
	2.01%	1.99%	1.99%	1.97%	2.01%	2.02%	1.99%	2.04%	2.04%	2.05%	2.04%	2.03%
No. of Shareholders	74,754	80,144	97,979	1,00,321	1,07,468	1,05,144	1,60,154	2,05,507	1,94,122	1,78,632	1,66,360	1,62,249

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	94.86%	92.63%	90.00%	90.30%	90.09%	90.00%	90.17%	90.00%	90.00%	90.02%
	0.05%	0.04%	0.00%	0.02%	0.02%	0.04%	0.08%	0.11%	0.00%	0.00%
	0.22%	0.02%	0.04%	0.01%	0.00%	0.01%	0.01%	0.02%	0.04%	0.06%
	1.53%	4.71%	7.75%	7.51%	7.74%	7.83%	7.70%	7.90%	7.90%	7.88%
	3.34%	2.60%	2.22%	2.15%	2.14%	2.12%	2.03%	1.97%	2.04%	2.03%
No. of Shareholders	34,165	49,115	53,043	60,665	75,986	77,915	75,886	1,00,321	2,05,507	1,62,249

* 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.

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ITI Ltd

ITI Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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