ITI Ltd

₹ 279 -0.50%

23 May - 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 ₹ 26,785 Cr.
Current Price ₹ 279
High / Low ₹ 593 / 210
Stock P/E
Book Value ₹ 16.9
Dividend Yield 0.00 %
ROCE -8.35 %
ROE -27.3 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company's working capital requirements have reduced from 196 days to 15.1 days

Cons

Stock is trading at 16.5 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -5.41% over past five years.
Company has a low return on equity of -11.4% over last 3 years.
Company has high debtors of 705 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: Aerospace & Defence Industry: Telecommunications - Equipment

Part of BSE 500 BSE PSU BSE Teck Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE CPSE BSE Allcap BSE Telecommunication BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	137	1,142	166	198	256	775	157	246	259	601	520	1,016	1,035
	175	944	230	247	291	781	206	299	302	775	533	1,025	1,045
Operating Profit	-38	197	-64	-49	-35	-6	-49	-53	-43	-174	-13	-9	-11
OPM %	-27%	17%	-39%	-25%	-14%	-1%	-31%	-22%	-17%	-29%	-2%	-1%	-1%
	7	226	22	10	10	11	13	10	13	9	-11	14	38
Interest	50	52	46	50	51	63	55	69	57	60	53	62	64
Depreciation	12	13	12	12	12	13	12	13	14	14	14	14	13
Profit before tax	-93	357	-100	-101	-88	-72	-103	-126	-101	-239	-91	-70	-49
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-93	356	-100	-101	-88	-72	-103	-126	-101	-239	-91	-70	-49
EPS in Rs	-0.99	3.81	-1.06	-1.06	-0.92	-0.76	-1.07	-1.31	-1.05	-2.49	-0.95	-0.73	-0.51
Raw PDF

Upcoming result date: 27 May 2025

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	TTM
	1,528	1,475	1,668	2,059	2,362	1,861	1,395	1,264	3,172
	1,633	1,394	1,769	1,914	2,313	1,753	1,549	1,582	3,378
Operating Profit	-105	81	-100	144	50	107	-154	-318	-206
OPM %	-7%	6%	-6%	7%	2%	6%	-11%	-25%	-6%
	541	327	336	184	161	255	53	43	50
Interest	153	153	106	141	160	192	210	241	239
Depreciation	17	25	37	42	42	51	50	53	54
Profit before tax	266	231	93	146	9	119	-360	-569	-449
Tax %	0%	0%	0%	0%	0%	0%	0%	0%
	266	231	93	146	9	119	-360	-569	-449
EPS in Rs	4.76	3.03	1.03	1.58	0.10	1.27	-3.79	-5.92	-4.68
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	-5%
3 Years:	-19%
TTM:	121%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-5%

Stock Price CAGR
10 Years:	30%
5 Years:	28%
3 Years:	41%
1 Year:	-9%

Return on Equity
10 Years:	%
5 Years:	-6%
3 Years:	-11%
Last Year:	-27%

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	Sep 2024
Equity Capital	560	760	897	925	934	934	950	961	961
Reserves	540	905	936	1,395	1,511	1,674	1,425	823	662
	1,524	1,226	1,259	1,216	1,465	1,613	1,877	1,796	1,701
	2,965	4,189	3,943	4,225	5,043	5,394	5,280	6,060	6,764
Total Liabilities	5,588	7,081	7,034	7,761	8,953	9,615	9,531	9,640	10,088
	2,506	2,620	2,695	2,693	2,702	2,729	2,752	2,732	2,730
CWIP	102	149	165	189	169	150	139	142	126
Investments	41	38	40	38	36	35	35	35	35
	2,939	4,274	4,135	4,841	6,046	6,701	6,605	6,731	7,196
Total Assets	5,588	7,081	7,034	7,761	8,953	9,615	9,531	9,640	10,088

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
	-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
Debtor Days	525	762	581	490	394	536	635	705
Inventory Days	110	126	114	167	196	118	261	207
Days Payable	1,228	1,482	1,109	1,705	1,578	855	1,242	1,222
Cash Conversion Cycle	-594	-594	-414	-1,049	-988	-202	-345	-309
Working Capital Days	-73	-1	64	66	49	234	340	15
ROCE %		14%	7%	9%	5%	8%	-4%	-8%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	90.09%	90.09%	90.17%	90.17%	90.28%	90.28%	90.28%	90.00%	90.00%	90.00%	90.00%	90.00%
	0.05%	0.07%	0.07%	0.08%	0.08%	0.09%	0.10%	0.11%	0.06%	0.04%	0.06%	0.00%
	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.03%	0.03%	0.04%	0.04%
	7.76%	7.76%	7.70%	7.70%	7.61%	7.61%	7.61%	7.90%	7.90%	7.90%	7.90%	7.90%
	2.08%	2.06%	2.03%	2.03%	2.01%	1.99%	1.99%	1.97%	2.01%	2.02%	1.99%	2.04%
No. of Shareholders	78,017	77,024	75,489	75,886	74,754	80,144	97,979	1,00,321	1,07,468	1,05,144	1,60,154	2,05,507

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

* 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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