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Last Updated on: 21 June, 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

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

Last Updated: June 19, 2024, 2:39 pm

Market Cap 6,613 Cr.
Current Price 771
High / Low879/314
Stock P/E92.8
Book Value 45.4
Dividend Yield0.28 %
ROCE31.3 %
ROE19.5 %
Face Value 10.0
PEG Ratio3.37

India Tourism Development Corporation Ltd (ITDC) Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4674447090909693118156118131135
Expenses57724669859280819513296107112
Operating Profit-111-215-316122324222423
OPM %-24%2%-4%1%6%-3%17%13%20%15%19%18%17%
Other Income3833333562435
Interest0000000000000
Depreciation2222222221222
Profit before tax-107-027-117152725252525
Tax %-6%-10%-567%-142%87%340%41%20%17%45%31%24%29%
Net Profit-108-341211122314171918
EPS in Rs-1.170.96-0.350.430.110.251.201.402.641.632.032.242.10

Last Updated: June 6, 2024, 7:48 am

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
Sales416429459492459349346354347177294464541
Expenses415450471478441340372335329224292388447
Operating Profit1-20-1214189-271918-4727593
OPM %0%-5%-3%3%4%3%-8%5%5%-26%1%16%17%
Other Income28333034191658442519131714
Interest1000111111111
Depreciation66711977787776
Profit before tax22611362717235535-36784100
Tax %63%50%25%12%36%49%38%32%47%-2%46%31%
Net Profit83832189143819-3745969
EPS in Rs0.980.360.953.712.080.871.354.582.37-4.060.496.908.00
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:8%
3 Years:44%
TTM:15%
Compounded Profit Growth
10 Years:22%
5 Years:25%
3 Years:58%
TTM:22%
Stock Price CAGR
10 Years:19%
5 Years:26%
3 Years:26%
1 Year:147%
Return on Equity
10 Years:6%
5 Years:7%
3 Years:14%
Last Year:20%

Last Updated: June 15, 2024, 4:39 pm

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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%0.01%0.02%0.02%0.02%0.00%0.09%
DIIs0.00%0.00%0.00%0.00%0.00%2.59%2.22%2.17%1.98%1.98%1.86%1.79%
Public12.97%12.97%12.97%12.97%12.97%10.38%10.73%10.79%10.96%10.97%11.10%11.09%
No. of Shareholders17,10717,57217,21717,53917,60917,02517,60117,49417,65618,48219,49428,131

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.206.900.58-3.871.94
Diluted EPS (Rs.)8.206.900.58-3.871.94
Cash EPS (Rs.)8.947.641.52-3.503.10
Book Value[Excl.RevalReserv]/Share (Rs.)44.1138.6732.2332.3636.58
Book Value[Incl.RevalReserv]/Share (Rs.)44.1138.6732.2332.3636.58
Revenue From Operations / Share (Rs.)62.0354.0533.7420.6239.90
PBDIT / Share (Rs.)13.7710.781.52-3.165.10
PBIT / Share (Rs.)12.969.960.74-3.974.22
PBT / Share (Rs.)12.589.861.16-3.914.57
Net Profit / Share (Rs.)8.136.820.74-4.312.22
NP After MI And SOA / Share (Rs.)8.206.900.79-4.032.43
PBDIT Margin (%)22.1919.934.50-15.3112.78
PBIT Margin (%)20.9018.422.20-19.2310.58
PBT Margin (%)20.2718.233.44-18.9611.44
Net Profit Margin (%)13.1112.622.21-20.905.56
NP After MI And SOA Margin (%)13.2212.762.34-19.536.09
Return on Networth / Equity (%)18.0717.302.37-12.046.50
Return on Capital Employeed (%)27.7121.961.91-10.129.25
Return On Assets (%)6.596.331.15-6.293.37
Asset Turnover Ratio (%)0.530.610.490.290.52
Current Ratio (X)1.451.521.872.082.26
Quick Ratio (X)1.431.501.832.032.21
Inventory Turnover Ratio (X)14.000.000.000.000.00
Dividend Payout Ratio (NP) (%)0.000.000.000.0086.35
Dividend Payout Ratio (CP) (%)0.000.000.000.0063.48
Earning Retention Ratio (%)0.000.000.000.0013.65
Cash Earning Retention Ratio (%)0.000.000.000.0036.52
Interest Coverage Ratio (X)36.52103.7312.41-23.9143.72
Interest Coverage Ratio (Post Tax) (X)22.8866.832.92-30.7919.74
Enterprise Value (Cr.)5228.872058.313023.243053.72847.59
EV / Net Operating Revenue (X)9.834.4410.4517.272.48
EV / EBITDA (X)44.2822.27232.06-112.7519.38
MarketCap / Net Operating Revenue (X)10.185.4611.2318.623.26
Retention Ratios (%)0.000.000.000.0013.64
Price / BV (X)13.927.4011.3711.493.48
Price / Net Operating Revenue (X)10.185.4611.2318.623.26
EarningsYield0.010.020.00-0.010.01

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

Fair Value: 823.86

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.

Undervalued: 6.86% compared to the current price 771

Intrinsic Value: 1,050.80

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 36.29% compared to the current price ₹771

Last 5 Year EPS CAGR: 27.55%

*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 (394.38 cr) and profit (29.77 cr) over the years.
  1. The stock has a low average ROCE of 6.83%, which may not be favorable.

FAQ

What is the latest fair value of India Tourism Development Corporation Ltd (ITDC)?

The latest fair value of India Tourism Development Corporation Ltd (ITDC) is ₹823.86.

What is the Market Cap of India Tourism Development Corporation Ltd (ITDC)?

The Market Cap of India Tourism Development Corporation Ltd (ITDC) is 6,613 Cr..

What is the current Stock Price of India Tourism Development Corporation Ltd (ITDC) as on 21 June 2024?

The current stock price of India Tourism Development Corporation Ltd (ITDC) as on 21 June 2024 is ₹771.

What is the High / Low of India Tourism Development Corporation Ltd (ITDC) stocks in FY 2024?

In FY 2024, the High / Low of India Tourism Development Corporation Ltd (ITDC) stocks is 879/314.

What is the Stock P/E of India Tourism Development Corporation Ltd (ITDC)?

The Stock P/E of India Tourism Development Corporation Ltd (ITDC) is 92.8.

What is the Book Value of India Tourism Development Corporation Ltd (ITDC)?

The Book Value of India Tourism Development Corporation Ltd (ITDC) is 45.4.

What is the Dividend Yield of India Tourism Development Corporation Ltd (ITDC)?

The Dividend Yield of India Tourism Development Corporation Ltd (ITDC) is 0.28 %.

What is the ROCE of India Tourism Development Corporation Ltd (ITDC)?

The ROCE of India Tourism Development Corporation Ltd (ITDC) is 31.3 %.

What is the ROE of India Tourism Development Corporation Ltd (ITDC)?

The ROE of India Tourism Development Corporation Ltd (ITDC) is 19.5 %.

What is the Face Value of India Tourism Development Corporation Ltd (ITDC)?

The Face Value of India Tourism Development Corporation Ltd (ITDC) 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 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