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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

ITI Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:22 am

Market Cap 32,829 Cr.
Current Price 342
High / Low 404/210
Stock P/E
Book Value 16.5
Dividend Yield0.00 %
ROCE8.43 %
ROE27.8 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Munoth Communication Ltd 15.0 Cr. 15.6 20.0/8.60 14.90.00 %1.61 %4.27 % 10.0
Indus Towers Ltd 90,846 Cr. 337 461/18212.0 1050.00 %22.1 %24.2 % 10.0
Avantel Ltd 3,898 Cr. 160 224/86.063.2 8.450.12 %47.5 %39.2 % 2.00
ADC India Communications Ltd 817 Cr. 1,776 2,310/81028.2 1580.28 %45.2 %33.7 % 10.0
Shyam Telecom Ltd 28.4 Cr. 25.2 35.0/8.46 24.00.00 %%% 10.0
Industry Average15,683.00 Cr417.0756.9642.400.06%18.64%18.28%8.17

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4971,2662293521371,142166198256775157246259
Expenses4881,087274359175944230246291781206299302
Operating Profit9179-44-7-38197-64-49-35-6-49-53-43
OPM %2%14%-19%-2%-27%17%-38%-25%-14%-1%-31%-21%-17%
Other Income10651210722622101010131013
Interest40344545505246505163556957
Depreciation1191115121312121213121314
Profit before tax-32201-88-56-93357-99-100-87-73-103-126-102
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-32201-88-56-93357-99-100-87-73-103-126-102
EPS in Rs-0.342.16-0.94-0.60-0.993.83-1.06-1.06-0.92-0.77-1.07-1.31-1.06

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9168437095741,2521,5281,4751,6682,0592,3621,8611,3951,435
Expenses1,2121,1329537851,4241,6331,3941,7691,9132,3111,7521,5491,578
Operating Profit-296-289-244-210-172-10581-10014651109-154-143
OPM %-32%-34%-34%-37%-14%-7%6%-6%7%2%6%-11%-10%
Other Income3321039865945413273361841612555343
Interest8585122157157153153106141160192210238
Depreciation21181715131725374242515051
Profit before tax-370-182-344-2972512662319314711120-360-389
Tax %0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-370-182-344-2972512662319314711120-360-389
EPS in Rs-12.84-6.32-11.95-10.328.724.763.031.031.590.121.29-3.79-4.07
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)50.81%-89.01%13.66%184.51%5.98%-13.16%-59.74%58.06%-92.52%990.91%-400.00%
Change in YoY Net Profit Growth (%)0.00%-139.82%102.67%170.85%-178.54%-19.13%-46.58%117.80%-150.58%1083.43%-1390.91%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:-5%
3 Years:-19%
TTM:67%
Compounded Profit Growth
10 Years:-10%
5 Years:%
3 Years:%
TTM:-22%
Stock Price CAGR
10 Years:28%
5 Years:29%
3 Years:45%
1 Year:12%
Return on Equity
10 Years:-1%
5 Years:-6%
3 Years:-12%
Last Year:-28%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital288288288288560760897925934934950961961
Reserves5842311253894998688971,3571,4751,6401,390789627
Borrowings9081,1761,5211,4391,5241,2261,2591,2161,4651,6131,8771,7961,701
Other Liabilities5,2613,4263,4413,7522,9654,1893,9434,2255,0435,3945,2806,0606,764
Total Liabilities7,0415,1215,3745,8685,5487,0446,9957,7238,9179,5809,4979,60510,053
Fixed Assets2,4862,4532,4232,4582,5062,6202,6952,6932,7022,7292,7522,7322,730
CWIP1213392102149165189169150139142126
Investments0000000000000
Other Assets4,5542,6472,9173,3182,9394,2744,1354,8416,0466,7016,6056,7317,196
Total Assets7,0415,1215,3745,8685,5487,0446,9957,7238,9179,5809,4979,60510,053

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-179-127-149-319-347-10922-19796-436-294974
Cash from Investing Activity +-3-19-10-104-75-96-124-75-30617746-556
Cash from Financing Activity +178161398273468364-19285198247241-322
Net Cash Flow-415239-15045158-12113-12-12-696

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-296.00-1,197.00-245.00-211.00-173.00-106.0080.00-101.00145.0050.00108.00-155.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,1951,4661,0011,170500525762581490394536635
Inventory Days17120634124775110126114167196118261
Days Payable2,1953,0065,3453,6371,0211,2281,4821,1091,5001,5788551,242
Cash Conversion Cycle-829-1,334-4,003-2,220-447-594-594-414-844-988-202-345
Working Capital Days-168-275-321-399-364-73-1646649234340
ROCE %-14%-15%-13%-8%15%18%14%7%9%5%8%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters90.09%90.09%90.00%90.09%90.09%90.17%90.17%90.28%90.28%90.28%90.00%90.00%
FIIs0.02%0.02%0.04%0.05%0.07%0.07%0.08%0.08%0.09%0.10%0.11%0.06%
DIIs0.01%0.02%0.01%0.02%0.01%0.01%0.01%0.01%0.01%0.02%0.02%0.03%
Government7.74%7.74%7.83%7.76%7.76%7.70%7.70%7.61%7.61%7.61%7.90%7.90%
Public2.14%2.13%2.12%2.08%2.06%2.03%2.03%2.01%1.99%1.99%1.97%2.01%
No. of Shareholders76,15777,41377,91578,01777,02475,48975,88674,75480,14497,9791,00,3211,07,468

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund58,0760.221.572152024-12-1726912.09%
Motilal Oswal Nifty Smallcap 250 Index Fund36,4620.220.982152024-12-1716859.07%
SBI Nifty Smallcap 250 Index Fund26,7580.220.722152024-12-1712345.58%
Motilal Oswal Nifty 500 Index Fund3,9840.020.112152024-12-171753.02%
Edelweiss Nifty Smallcap 250 Index Fund1,2260.220.032152024-12-17470.23%
Groww Nifty Total Market Index Fund2150.020.012152024-12-170%
Motilal Oswal Nifty 500 ETF1740.0202152024-12-17-19.07%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-5.93-3.811.280.101.62
Diluted EPS (Rs.)-5.93-3.811.280.101.62
Cash EPS (Rs.)-5.37-3.271.830.562.05
Book Value[Excl.RevalReserv]/Share (Rs.)18.5723.8827.3026.3125.08
Book Value[Incl.RevalReserv]/Share (Rs.)18.5723.8827.3026.3125.08
Revenue From Operations / Share (Rs.)13.1514.7019.9325.3022.25
PBDIT / Share (Rs.)-2.86-1.063.892.283.57
PBIT / Share (Rs.)-3.41-1.593.351.833.11
PBT / Share (Rs.)-5.92-3.791.300.111.59
Net Profit / Share (Rs.)-5.92-3.791.300.111.59
NP After MI And SOA / Share (Rs.)-5.92-3.791.280.101.58
PBDIT Margin (%)-21.72-7.2319.528.9916.02
PBIT Margin (%)-25.93-10.7816.837.2213.99
PBT Margin (%)-45.03-25.806.500.477.16
Net Profit Margin (%)-45.03-25.806.500.477.16
NP After MI And SOA Margin (%)-45.02-25.786.430.397.07
Return on Networth / Equity (%)-31.88-15.874.690.386.27
Return on Capital Employeed (%)-14.94-5.1810.165.8210.20
Return On Assets (%)-5.92-3.791.240.101.88
Long Term Debt / Equity (X)0.060.070.110.120.07
Total Debt / Equity (X)1.010.820.630.590.52
Asset Turnover Ratio (%)0.130.140.200.280.28
Current Ratio (X)0.880.960.980.940.90
Quick Ratio (X)0.850.920.950.910.87
Inventory Turnover Ratio (X)0.350.740.620.950.55
Interest Coverage Ratio (X)-1.14-0.481.891.332.35
Interest Coverage Ratio (Post Tax) (X)-1.36-0.711.631.072.05
Enterprise Value (Cr.)25263.8710213.8410332.5511661.486761.76
EV / Net Operating Revenue (X)19.997.325.554.943.28
EV / EBITDA (X)-92.02-101.1128.4554.8620.49
MarketCap / Net Operating Revenue (X)19.236.134.854.552.81
Price / BV (X)13.623.773.544.382.50
Price / Net Operating Revenue (X)19.236.134.854.552.81
EarningsYield-0.02-0.040.010.000.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 70.18

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 79.48% compared to the current share price 342.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 21, 2024 is: 48.03

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Overvalued by 85.96% compared to the current share price 342.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -31.56%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -70.67, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -438.67, which is a positive sign.
  1. The stock has a low average ROCE of 1.83%, which may not be favorable.
  2. The company has higher borrowings (1,440.08) compared to reserves (836.23), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (234.85) and profit (-63.31).
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: -45.03%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -14.94% (Industry Average ROCE: 18.64%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -31.88% (Industry Average ROE: 18.28%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -1.36
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.85
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 56.96)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

ITI Ltd. is a Public Limited Listed company incorporated on 25/01/1950 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L32202KA1950GOI000640 and registration number is 000640. Currently company belongs to the Industry of Telecom Equipment. Company’s Total Operating Revenue is Rs. 1860.73 Cr. and Equity Capital is Rs. 933.52 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Telecom EquipmentITI Bhavan, Bengaluru Karnataka 560016cosecy_crp@itiltd.co.in
https://www.itiltd.in
Management
NamePosition Held
Mr. Rajesh RaiChairman & Managing Director
Mr. Rajeev SrivastavaDirector - Finance & CFO
Mr. C V Ramana BabuDirector - Marketing
Mrs. S JeyanthiDirector - Production
Mr. Raja NayakIndependent Director
Mr. Billeswar SinhaIndependent Director
Mrs. Mamta PalariyaIndependent Director
Mr. Mukesh MangalGovernment Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹70.18, which is 79.48% lower than the current market price of ₹342.00. The stock has a market capitalization of 32,829 Cr. and recorded a high/low of 404/210 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹627 Cr and total liabilities of ₹10,053 Cr.

What is the Market Cap of ?

The Market Cap of is 32,829 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 342.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 404/210.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 16.5.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 8.43 %.

What is the ROE of ?

The ROE of is 27.8 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE