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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of India Tourism Development Corporation Ltd (ITDC)

About the Company - India Tourism Development Corporation Ltd (ITDC)

India Tourism Development Corporation Ltd. is a Public Limited Listed company incorporated on 31/03/1965 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1965GOI004363 and registration number is 004363. Currently Company is involved in the business activities of Hotels and motels, inns, resorts providing short term lodging facilities; includes accommodation in house boats. Company’s Total Operating Revenue is Rs. 284.81 Cr. and Equity Capital is Rs. 85.77 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsScope Complex, Core 8, 6th Floor, New Delhi Delhi 110003vkjain@itdc.co.in
http://www.itdc.co.in
Management
NamePosition Held
Dr. Sambit PatraNon Executive Chairman
Mr. Lokesh Kumar AggarwalDirector - Finance & CFO
Dr. Anju BajpaiIndependent Woman Director
Dr. Manan KaushalIndependent Director
Mr. Ranjana ChopraGovernment Nominee Director

India Tourism Development Corporation Ltd. Share Price Update

Share PriceValue
Today₹660.60
Previous Day₹700.45

Basic Stock Data of India Tourism Development Corporation Ltd (ITDC)

Market Cap 6,489 Cr.
Current Price 757
High / Low879/276
Stock P/E94.2
Book Value 41.9
Dividend Yield0.31 %
ROCE28.0 %
ROE18.6 %
Face Value 10.0

Data Source: screener.in

India Tourism Development Corporation Ltd (ITDC) Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales284674447090909693118156118131
Expenses4857724669859280819513296107
Operating Profit-21-111-215-3161223242224
OPM %-75%-24%2%-4%1%6%-3%17%13%20%15%19%18%
Other Income5383333356243
Interest0000000000000
Depreciation2222222222122
Profit before tax-18-107-027-1171527252525
Tax %-8%-6%-10%-567%-142%87%340%41%20%17%45%31%24%
Net Profit-18-108-3412111223141719
EPS in Rs-2.24-1.170.96-0.350.430.110.251.201.402.641.632.032.24

India Tourism Development Corporation Ltd (ITDC) Quarterly Chart

India Tourism Development Corporation Ltd (ITDC) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales416429459492459349346354347177294464524
Expenses415450471478441340372335329224292388430
Operating Profit1-20-1214189-271918-4727594
OPM %0%-5%-3%3%4%3%-8%5%5%-26%1%16%18%
Other Income28333034191658442519131716
Interest1000111111111
Depreciation66711977787777
Profit before tax22611362717235535-36784102
Tax %63%50%25%12%36%49%38%32%47%-2%46%31%
Net Profit83832189143819-3745973
EPS in Rs0.980.360.953.712.080.871.354.582.37-4.060.496.908.54
Dividend Payout %51%0%53%54%72%153%137%46%0%0%0%32%

India Tourism Development Corporation Ltd (ITDC) Profit & Loss Yearly Chart

India Tourism Development Corporation Ltd (ITDC) Growth

Compounded Sales Growth
10 Years:1%
5 Years:6%
3 Years:10%
TTM:42%
Compounded Profit Growth
10 Years:36%
5 Years:163%
3 Years:52%
TTM:193%
Stock Price CAGR
10 Years:27%
5 Years:25%
3 Years:37%
1 Year:134%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:3%
Last Year:19%

India Tourism Development Corporation Ltd (ITDC) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital86868686868686868686868686
Reserves200203208214216221222243234195198256274
Borrowings5534451111111
Other Liabilities300279295311304307359332298281300591513
Total Liabilities591573592614610618667663619563584934874
Fixed Assets71686252515757555145404642
CWIP646781346661133
Investments0000000000000
Other Assets514500523556551547606602562511534885828
Total Assets591573592614610618667663619563584934874

India Tourism Development Corporation Ltd (ITDC) Reserves and Borrowings Chart

India Tourism Development Corporation Ltd (ITDC) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -49-6720-3813-715-298-1316-12
Cash from Investing Activity 3722212015-172312115-3
Cash from Financing Activity -0373-5-21-15-9-20-22000
Net Cash Flow-12-744-247-2313-25-2-221-15

India Tourism Development Corporation Ltd (ITDC) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days99876589861021081001021368862
Inventory Days1166577597966604412226811786
Days Payable5893172572483053323342726731,119721767
Cash Conversion Cycle-374-165-115-100-139-164-165-129-449-715-516-619
Working Capital Days-13-3-37-9-18-18-37-1123-14-2-141
ROCE %7%2%4%11%12%9%-2%11%10%-13%3%28%

India Tourism Development Corporation Ltd (ITDC) Financial Efficiency Indicators Chart

India Tourism Development Corporation Ltd (ITDC) Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters87.03%87.03%87.03%87.03%87.03%87.03%87.03%87.03%87.03%87.03%87.03%87.03%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.02%0.02%0.02%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%2.59%2.22%2.17%1.98%1.98%1.86%
Public12.97%12.97%12.97%12.97%12.97%12.97%10.38%10.73%10.79%10.96%10.97%11.10%
No. of Shareholders16,09117,10717,57217,21717,53917,60917,02517,60117,49417,65618,48219,494

India Tourism Development Corporation Ltd (ITDC) Shareholding Pattern Chart

No. of India Tourism Development Corporation Ltd (ITDC) Shareholders

This stock is not held by any mutual fund

India Tourism Development Corporation Ltd (ITDC) ROCE Trend

India Tourism Development Corporation Ltd (ITDC) EPS Trend

India Tourism Development Corporation Ltd (ITDC) Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.900.58-3.871.945.09
Diluted EPS (Rs.)6.900.58-3.871.945.09
Cash EPS (Rs.)7.641.52-3.503.105.54
Book Value[Excl.RevalReserv]/Share (Rs.)38.6732.2332.3636.5838.06
Book Value[Incl.RevalReserv]/Share (Rs.)38.6732.2332.3636.5838.06
Revenue From Operations / Share (Rs.)54.0533.7420.6239.9041.50
PBDIT / Share (Rs.)10.781.52-3.165.105.39
PBIT / Share (Rs.)9.960.74-3.974.224.54
PBT / Share (Rs.)9.861.16-3.914.577.03
Net Profit / Share (Rs.)6.820.74-4.312.224.68
NP After MI And SOA / Share (Rs.)6.900.79-4.032.434.89
PBDIT Margin (%)19.934.50-15.3112.7812.99
PBIT Margin (%)18.422.20-19.2310.5810.93
PBT Margin (%)18.233.44-18.9611.4416.94
Net Profit Margin (%)12.622.21-20.905.5611.29
NP After MI And SOA Margin (%)12.762.34-19.536.0911.78
Return on Networth / Equity (%)17.302.37-12.046.5012.65
Return on Capital Employeed (%)21.961.91-10.129.2510.06
Return On Assets (%)6.331.15-6.293.376.33
Asset Turnover Ratio (%)0.610.490.290.520.52
Current Ratio (X)1.521.872.082.262.02
Quick Ratio (X)1.501.832.032.211.99
Dividend Payout Ratio (NP) (%)0.000.000.0086.3537.83
Dividend Payout Ratio (CP) (%)0.000.000.0063.4832.18
Earning Retention Ratio (%)0.000.000.0013.6562.17
Cash Earning Retention Ratio (%)0.000.000.0036.5267.82
Interest Coverage Ratio (X)103.7312.41-23.9143.7270.45
Interest Coverage Ratio (Post Tax) (X)66.832.92-30.7919.7431.98
Enterprise Value (Cr.)2058.313023.243053.72847.592106.66
EV / Net Operating Revenue (X)4.4410.4517.272.485.92
EV / EBITDA (X)22.27232.06-112.7519.3845.53
MarketCap / Net Operating Revenue (X)5.4611.2318.623.266.75
Retention Ratios (%)0.000.000.0013.6462.16
Price / BV (X)7.4011.3711.493.487.25
Price / Net Operating Revenue (X)5.4611.2318.623.266.75
EarningsYield0.020.00-0.010.010.01

India Tourism Development Corporation Ltd (ITDC) Profitability Ratios (%)

India Tourism Development Corporation Ltd (ITDC) Liquidity Ratios

India Tourism Development Corporation Ltd (ITDC) Liquidity Ratios (%)

India Tourism Development Corporation Ltd (ITDC) Interest Coverage Ratios (%)

India Tourism Development Corporation Ltd (ITDC) Valuation Ratios

Fair Value of India Tourism Development Corporation Ltd (ITDC) Stock

Fair Value: ₹736.41

The stock is overvalued by 2.72% compared to the current price ₹757

*Investments are subject to market risks

Strength and Weakness of India Tourism Development Corporation Ltd (ITDC) Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -23.33, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -304.17, which is a positive sign.
  3. The company has higher reserves (221.85 cr) compared to borrowings (2.54 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (393.08 cr) and profit (29.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.10 and average Dividend Yield of 4.58%.
  2. The stock has a low average ROCE of 6.83%, which may not be favorable.

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 India Tourism Development Corporation Ltd (ITDC). 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