ITI Ltd

₹ 248 -1.45%

19 Apr - 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 ₹ 23,849 Cr.
Current Price ₹ 248
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

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Pros

Cons

Stock is trading at 11.5 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.

Peer comparison

Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

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Detailed Comparison with:

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:	34%
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 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 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	77,658	76,157	77,413	77,915	78,017	77,024	75,489	75,886	74,754	80,144	97,979	1,00,321

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

* 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.

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ITI Ltd

ITI Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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