ITI Ltd
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]
- Market Cap ₹ 33,304 Cr.
- Current Price ₹ 347
- High / Low ₹ 593 / 210
- Stock P/E
- Book Value ₹ 16.9
- Dividend Yield 0.00 %
- ROCE -0.77 %
- ROE -14.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 20.5 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -18.8% over last 3 years.
- Earnings include an other income of Rs.138 Cr.
- Company has high debtors of 403 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 1,528 | 1,475 | 1,668 | 2,059 | 2,362 | 1,861 | 1,395 | 1,264 | 3,616 | |
| 1,633 | 1,394 | 1,769 | 1,914 | 2,313 | 1,753 | 1,549 | 1,582 | 3,676 | |
| Operating Profit | -105 | 81 | -100 | 144 | 50 | 107 | -154 | -318 | -60 |
| OPM % | -7% | 6% | -6% | 7% | 2% | 6% | -11% | -25% | -2% |
| 541 | 327 | 336 | 184 | 161 | 255 | 53 | 43 | 138 | |
| Interest | 153 | 153 | 106 | 141 | 160 | 192 | 210 | 241 | 224 |
| Depreciation | 17 | 25 | 37 | 42 | 42 | 51 | 50 | 53 | 69 |
| Profit before tax | 266 | 231 | 93 | 146 | 9 | 119 | -360 | -569 | -215 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 266 | 231 | 93 | 146 | 9 | 119 | -360 | -569 | -215 | |
| EPS in Rs | 4.76 | 3.03 | 1.03 | 1.58 | 0.10 | 1.27 | -3.79 | -5.92 | -2.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 25% |
| TTM: | 186% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 31% |
| 3 Years: | 56% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | -19% |
| Last Year: | -15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 560 | 760 | 897 | 925 | 934 | 934 | 950 | 961 | 961 |
| Reserves | 540 | 905 | 936 | 1,395 | 1,511 | 1,674 | 1,425 | 823 | 664 |
| 1,524 | 1,226 | 1,259 | 1,216 | 1,465 | 1,613 | 1,877 | 1,796 | 1,481 | |
| 2,965 | 4,189 | 3,943 | 4,225 | 5,043 | 5,394 | 5,280 | 6,060 | 7,297 | |
| Total Liabilities | 5,588 | 7,081 | 7,034 | 7,761 | 8,953 | 9,615 | 9,531 | 9,640 | 10,402 |
| 2,506 | 2,620 | 2,695 | 2,693 | 2,702 | 2,729 | 2,752 | 2,732 | 2,710 | |
| CWIP | 102 | 149 | 165 | 189 | 169 | 150 | 139 | 142 | 19 |
| Investments | 41 | 38 | 40 | 38 | 36 | 35 | 35 | 35 | 54 |
| 2,939 | 4,274 | 4,135 | 4,841 | 6,046 | 6,701 | 6,605 | 6,731 | 7,620 | |
| Total Assets | 5,588 | 7,081 | 7,034 | 7,761 | 8,953 | 9,615 | 9,531 | 9,640 | 10,402 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| -347 | -113 | 24 | -199 | 94 | -437 | -294 | 974 | ||
| -75 | -93 | -126 | -73 | -304 | 178 | 46 | -556 | ||
| 468 | 364 | -19 | 285 | 198 | 247 | 241 | -322 | ||
| Net Cash Flow | 45 | 158 | -121 | 13 | -12 | -12 | -6 | 96 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 525 | 762 | 581 | 490 | 394 | 536 | 635 | 705 | 403 |
| Inventory Days | 110 | 126 | 114 | 167 | 196 | 118 | 261 | 207 | 25 |
| Days Payable | 1,228 | 1,482 | 1,109 | 1,705 | 1,578 | 855 | 1,242 | 1,222 | 352 |
| Cash Conversion Cycle | -594 | -594 | -414 | -1,049 | -988 | -202 | -345 | -309 | 76 |
| Working Capital Days | -73 | -1 | 64 | 66 | 49 | 234 | 340 | 15 | -6 |
| ROCE % | 14% | 7% | 9% | 5% | 8% | -4% | -8% | -1% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - ITI Ltd's Annual Secretarial Compliance Report highlights governance non-compliances and fines, with remedial steps underway.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Announcement Under Regulation (30) - Appointment Of Secretarial Auditor
27 May - ITI Limited appoints Shri D Venkateshwarlu as Secretarial Auditor for five years from FY 2025-26.
-
Board Meeting Outcome for Revised Outcome
27 May - Board approved Rs. 59 Cr preferential equity shares allotment to President of India.
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Board Meeting Outcome for Financials Results
27 May - ITI Ltd reports FY25 losses, auditor disclaimer, governance issues, and going concern uncertainties; govt aid ongoing.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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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]