Is ITI a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that ITI Ltd is a below average quality company .

Is ITI undervalued or overvalued?

The key valuation ratios of ITI Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is ITI share price return in the past 10 years?

ITI Ltd share price has appreciated 24.9% annually (CAGR) over the past ten years.

Is ITI a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of ITI Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

ITI Ltd - Stock Valuation and Financial Performance

Name: ITI
Brand: ITI

BSE: 523610 | NSE: ITI | Telecommunication - Equipment | Small Cap

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ITI Share Price

₹266.65 34.45 14.84%
as on 07-Nov'24 00:00

10 Year X-Ray of ITI:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	0%	159%	31.7%	13.3%	4.5%	7.7%	-3.6%	-8.4%	-
Value Creation Index ⓘ	NA	NA	NA	10.8	1.4	0.0	-0.7	-0.4	-1.3	-1.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	1,528	1,475	1,668	2,059	2,362	1,861	1,395	1,264	1,627
Sales YoY Gr.	-	NA	NA	-3.5%	13.1%	23.4%	14.7%	-21.2%	-25%	-9.5%	-
Adj EPS ⓘ	0	0	4.8	3	1	1.6	0.1	1.3	-3.8	-5.9	-5.8
YoY Gr.	-	NA	NA	-36.3%	-66%	52.4%	-93.6%	1170%	-399.2%	NA	-
BVPS (₹) ⓘ	0	0	-22.3	-10.7	-6.2	25.1	26.2	27.2	23.9	18.6	17.6
Adj Net Profit ⓘ	0	0	266	231	92.5	145	9.4	119	-360	-568	-557
Cash Flow from Ops. ⓘ	0	0	-347	-113	23.8	-199	94.1	-437	-294	974	-
Debt/CF from Ops. ⓘ	0	0	-3.4	-10.9	52.8	-6.1	15.6	-3.7	-6.4	1.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	-5.4%	-18.8%	-9.5%
Adj EPS ⓘ	NA	-241.9%	-489.7%	NA
BVPSⓘ	NA	NA	-10.8%	-22.2%
Share Price	24.9%	24.9%	30.6%	-3.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	24.2	16.7	5.3	7	0.4	4.7	-14.5	-27.3	-32.1
Op. Profit Mgn % ⓘ	-6.9	5.5	-6	7.1	2.2	5.8	-11	-25.2	-17.4
Net Profit Mgn % ⓘ	17.4	15.6	5.6	7.1	0.4	6.4	-25.8	-45	-34.3
Debt to Equity ⓘ	-0.9	-1.5	-2.3	0.5	0.6	0.6	0.8	1	-
Working Cap Days ⓘ	0	818	854	749	774	1,159	1,662	1,763	792
Cash Conv. Cycle ⓘ	0	129	216	128	118	191	378	427	-81

Recent Performance Summary

Sales growth is good in last 4 quarters at 58.60%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -18.82%

Debt to equity has increased versus last 3 years average to 1.01

Latest Financials - ITI Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-5.8	-5.8
TTM Sales (₹ Cr.)	1,627	1,627
BVPS (₹.) ⓘ	17.3	17.6
Reserves (₹ Cr.) ⓘ	697	732
P/BV ⓘ	13.49	13.21
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	210.20 / 384.35
All Time Low / High (₹)	6.50 / 384.35
Market Cap (₹ Cr.)	22,365
Equity (₹ Cr.)	960.9
Face Value (₹)	10
Industry PE ⓘ	51.7

Management X-Ray of ITI:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of ITI

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of ITI

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,528	1,475	1,668	2,059	2,362	1,861	1,395	1,264
Operating Expenses ⓘ	1,633	1,394	1,769	1,913	2,311	1,752	1,549	1,583
Manufacturing Costs	711	581	824	1,168	1,534	764	846	824
Material Costs	587	557	594	467	436	721	405	465
Employee Cost	301	226	204	231	290	222	229	232
Other Costs ⓘ	35	30	146	47	51	45	70	61
Operating Profit ⓘ	-105	81	-100	146	51	109	-154	-319
Operating Profit Margin (%)	-6.9%	5.5%	-6.0%	7.1%	2.2%	5.8%	-11.0%	-25.3%
Other Income ⓘ	541	327	345	184	161	255	53	45
Interest ⓘ	153	153	115	141	160	192	210	241
Depreciation ⓘ	17	25	37	42	42	51	49	53
Exceptional Items ⓘ	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	266	231	93	146	9	119	-360	-569
Tax ⓘ	0	0	0	0	0	0	0	0
Profit After Tax	266	231	93	146	9	119	-360	-569
PAT Margin (%)	17.4%	15.6%	5.5%	7.1%	0.4%	6.4%	-25.8%	-45.0%
Adjusted EPS (₹)	4.8	3.0	1.0	1.6	0.1	1.3	-3.8	-5.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,100	1,528	1,778	2,320	2,444	2,536	2,267	1,784
Share Capital ⓘ	560	760	897	925	934	934	950	961
Reserves ⓘ	540	768	881	1,395	1,511	1,603	1,318	823
Minority Interest	0	0	0	0	0	0	0	0
Debt	1,179	1,226	1,259	1,216	1,464	1,552	1,756	1,615
Long Term Debt	300	300	300	180	300	240	180	120
Short Term Debt	879	926	959	1,036	1,164	1,312	1,576	1,495
Trade Payables	1,976	2,262	1,805	2,183	1,885	1,690	1,377	1,557
Others Liabilities ⓘ	1,298	2,029	2,157	2,002	3,119	3,796	4,091	4,641
Total Liabilities ⓘ	5,553	7,045	6,998	7,721	8,913	9,575	9,491	9,598
Fixed Assets
Gross Block	2,497	2,627	2,706	2,747	2,796	2,873	2,945	2,961
Accumulated Depreciation	18	43	80	121	161	212	261	297
Net Fixed Assetsⓘ	2,479	2,584	2,627	2,625	2,635	2,661	2,684	2,664
CWIP ⓘ	102	149	165	189	169	150	139	142
Investmentsⓘ	41	38	40	38	36	35	35	35
Inventories	142	156	149	173	194	193	250	222
Trade Receivables	2,196	3,080	2,657	2,761	2,552	2,730	2,429	2,441
Cash Equivalents	166	325	204	245	548	306	215	832
Others Assetsⓘ	428	713	1,157	1,689	2,780	3,499	3,740	3,261
Total Assets ⓘ	5,553	7,045	6,998	7,721	8,913	9,575	9,491	9,598

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-347	-113	24	-199	94	-437	-294	974
PBT ⓘ	266	231	93	146	9	119	-360	-569
Adjustment ⓘ	-167	-47	276	94	127	11	206	286
Changes in Working Capital ⓘ	-451	-295	-345	-439	-42	-568	-139	1256
Tax Paid ⓘ	4	-1	0	1	0	0	0	0
Cash Flow From Investing Activity ⓘ	-75	-93	-126	-73	-304	178	46	-556
Capex	-76	-97	-128	-62	-3	-57	-44	-37
Net Investments	0	3	-2	-27	-313	230	85	-522
Others ⓘ	1	2	4	16	12	5	5	3
Cash Flow From Financing Activityⓘ	468	364	-19	285	198	247	241	-322
Net Proceeds from Shares ⓘ	80	337	55	74	108	72	107	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-153	-153	-106	-141	-160	-192	-210	-241
Dividend Paid ⓘ	0	0	0	0	0	0	0	0
Others ⓘ	540	180	32	352	250	368	344	-81
Net Cash Flow ⓘ	45	158	-121	13	-12	-12	-6	96

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0	0	0	16.52	0.4	4.77	-14.98	-28.08
ROCE (%)	0	159.02	31.67	13.34	4.54	7.65	-3.55	-8.37
Asset Turnover Ratio	0.28	0.24	0.24	0.28	0.28	0.2	0.15	0.13
PAT to CFO Conversion(x)	-1.3	-0.49	0.26	-1.36	10.44	-3.67	N/A	N/A
Working Capital Days
Receivable Days	518	649	628	480	411	518	675	703
Inventory Days	34	37	33	29	28	38	58	68
Payable Days	1,228	1,388	1,249	1,557	1,703	905	1,383	1,151

ITI Ltd Stock News

ITI Ltd FAQs

What is the share price of ITI?

Company share prices are keep on changing according to the market conditions. The closing price of ITI on 07-Nov-2024 00:00 is ₹266.6.

What is the market cap of ITI?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Nov-2024 00:00 the market cap of ITI stood at ₹22,364.6.

What is the P/E ratio of ITI?

The latest P/E ratio of ITI as of 07-Nov-2024 00:00 is 0.00.

What is the P/B ratio of ITI?

The latest P/B ratio of ITI as of 07-Nov-2024 00:00 is 13.49.

What is the 52-week high and low of ITI?

The 52-week high of ITI is ₹384.4 and the 52-week low is ₹210.2.

What is the TTM revenue of ITI?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ITI is ₹1,627 ( Cr.) .

About ITI Ltd

ITI Limited is a public sector undertaking in the telecommunications technology segment established as a departmental factory in 1948. The company has a diverse suite of products including manufactured products like Gigabit Passive Optical Network (GPON), Managed Leased Line Network (MLLN) products, Stand Alone Signaling Transfer Point(SSTP), Wi-Fi Access Point, Radio Modem, SMPS, Set Top Box, Defence products like multi-capacity encryption units, Bulk encryption Units (BEU), Terminal End Secrecy Devices (TESD), Passive infrastructure products such as Optical Fiber Cable, HDPE duct, Antenna, diversified products such as smart energy meters, smart cards, solar panels, mini personal computers.

Besides offering the telecom turnkey solutions and customized support, ITI has a dedicated Network System Unit for executing turnkey projects for installation and commissioning of telecommunication networks. The company intends to upgrade and invest in the technology, through the acquisition of technology from strategic partners with a specific focus on high growth industry segments. The company operates a data center at Bengaluru and currently expanding the same to offer cloud based services to government institutions/departments, banks etc.

The company is manufacturing a diverse range of Information and Communication Technology (ICT) products/solutions to hone its competitive edge in the convergence market by deploying its rich telecom expertise and vast infrastructure. Company is diversifying towards IOT, Smart city, other allied telecom products and services including turnkey project execution to offer solutions in diversified fields. Encryption Products are the company's forte. Extensive in-house R&D work is devoted towards design and development of encryption solutions to Indian Defence forces.

Business area of the company

The company is primarily engaged in the business of manufacture, sale and servicing of telecommunication equipments and rendering other associated / ancillary services.

Products and services offered by the company

Products

Smart energy meters
GPON OLT and ONT
PCM multiplexers
Electronic push button telephones
Ruggedized telephones for defence forces
Smart cards and banking cards
Hand held terminals for smart card authentication
Set top boxes, Wi-Fi equipment
Multiple types of encryption devices for defence
Solar power module
Switched mode power supply system
Internet of things (IOT) products
Radio modems
AN Rack hardware
Mini personal computers
Bank automation products
Optical Fiber Cable
HDPE pipe

Traded Products

Optical transport network products, like, DWDM
Managed leased line network (MLLN) products
Signalling Transfer Point (STP) network products
IP/MPLS routers and switches
Network management system solution
Microwave and satellite communication equipment
Next generation network equipment
IT products and solutions

Services

Installation, Commissioning and Maintenance services for Telecom and other supplied equipment
Contract manufacturing services
Component screening services
Data Centre hosting services etc

Awards

FY 2017-18

A Certificate of Appreciation was awarded to ITI Limited in recognition of its significant contribution as ‘best performing equipment supply partners’ to achieve BharatNet Phase I target for connecting over one lakh Gram Panchayats.
ITI Raebareli plant has been conferred with the National Safety Awards for the Performance Year 2015 for Outstanding Performance in Safety at industrial establishments for maintaining consistent safety standards.
ITI Limited was awarded Indywood Built in India Excellence Awards 2017 in the category of Public Sector - Telecommunications at Ramoji Film City, Hyderabad on December 4, 2017. The award was presented to ITI Limited in recognition of efforts made by the organization to boost the concept of ‘Make in India’ towards the development of telecommunication sector. Indywood Built In India Excellence Awards 2017 was organized as a part of Project Indywood, a $10 Billion Project to be initiated by a consortium of 2000 Indian Corporate and Multi-Millionaires.
ITI Limited received India’s Best HR Leaders in PSUs Award from ASIA PACIFIC HRM CONGRESS, TIMES ASCENT hosted by World HRD Congress, Times ASCENT group on September 19, 2017.
ITI Limited was honoured with Pride of Karnataka Awards 2017 for Corporate Excellence.
ITI was conferred with ‘NIPM LIFE TIME ACHIEVEMENT AWARD 2017’ for Government Administration by National Institute of Personnel Management (NIPM), Palghat Group, Kerala Chapter at the ‘NIPM AWARD NITE 2018’ held at Lead College of Management, Dhoni, Palakkad on January 20, 2018.

FY 2018-19

ITI Limited has won ‘India’s Best Company’ Award for the year 2018. ITI was presented the award based on Berkshire Media’s survey and analysis of company’s performance. The IBC Corporate Awards 2019 ceremony was held on March 8, 2019 at The Leela Hotel, Mumbai.
ITI Limited received ‘CEO with HR Orientation’ and Shri Shashi Prakash Gupta, Director (HR), ITI Limited received ‘Pride of HR Professional in PSU’ award by World HRD Congress (WHRD) at the 27th Edition of the Congress held on February 15 and 16, 2019.
ITI Limited received Best PSU Award in Digital PSU Category by ‘Governance Now’ at 6th PSU Awards held on January 17, 2019 at The Imperial, New Delhi.
Outstanding Safety Performance ‘Suraksha Puraskar Award’ was conferred on ITI Palakkad Plant by National Safety Council, Kerala Chapter. ITI Palakkad Plant has won the award for achieving the lowest frequency rate of accidents in the category ‘large size engineering industries’ in industrial safety.
ITI Limited has received Certificate of Compliance for Master Card production at Palakkad Plant from Master Card Certification Body, New York. ITI Limited has now become the first Public Sector Unit in the country certified for RuPay and MasterCard production and is the ‘Certified Vendor’ under the Master Card Global Vendor Certification Program.
ITI Limited has earned a position in the Top 50 in Fortune India’s ‘The Next 500’ ranking for the year 2019. It figures at 39th rank on the Fortune India’s list.
ITI Limited has won Indywood Excellence Award 2018. Shri K Alagesan, CMD, ITI Limited received the award from Shri Mohammed Ibrahim Al Qahtani at Indywood Film Carnival 2018 organized at Hitex, Convention Center, Hyderabad on December 4, 2018.
ITI Palakkad Plant received a Certificate of Merit in appreciation of efforts in pollution control and initiatives in environment protection in 2018 in the category of Engineering & Electronic Industries.
ITI Limited has won Digital PSU Award for the year 2018.
ITI Bangalore Plant and ITI Rae Bareli Plant have won the prestigious National Safety Awards for the performance year 2016 as Winner for excellent performance in Industrial Safety based on Accident Free Year and as Runner Up for outstanding performance in Industrial Safety in achieving Lowest Average Frequency Rate and in achieving Accident Free Year respectively

FY 2019-20

ITI Limited bagged the prestigious ‘Company of the Year - PSU award at the second edition of CNBC-AWAAZ CEO AWARDS 2019. Shri R M Agarwal, Chairman & Managing Director, ITI Limited and Shri Shashi Prakash Gupta, DirectorHuman Resource received the prestigious award from Shri Bhupesh Baghel, Chief Minister, Chhattisgarh at the grand ceremony held in Raipur on February 7, 2020.
Sustainable HR Leadership Award was conferred to Shri Shashi Prakash Gupta, Director (HR), ITI Limited by World HRD Congress. The award ceremony was held on February 16, 2020 at Taj Lands End, Mumbai.