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Last Updated on: 15 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532189 | NSE: ITDC

India Tourism Development Corporation Ltd (ITDC): Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 15, 2024, 11:23 pm

Market Cap 5,865 Cr.
Current Price 683
High / Low931/403
Stock P/E89.3
Book Value 45.4
Dividend Yield0.37 %
ROCE31.4 %
ROE19.2 %
Face Value 10.0
PEG Ratio1.35

Competitors of India Tourism Development Corporation Ltd (ITDC)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HS India Ltd 27.6 Cr. 17.020.8/11.115.4 18.80.00 %6.90 %4.47 % 10.0
Gujarat Hotels Ltd 91.1 Cr. 240261/14620.2 1191.04 %13.9 %11.2 % 10.0
Graviss Hospitality Ltd 347 Cr. 49.265.0/35.1168 26.00.00 %1.80 %1.40 % 2.00
Goel Food Products Ltd 85.8 Cr. 45.578.0/25.117.2 11.81.10 %18.9 %25.4 % 10.0
Espire Hospitality Ltd 260 Cr. 192254/46.8137 2.450.00 %10.4 %126 % 10.0
Industry Average8,983.54 Cr529.3479.0590.700.34%12.91%19.80%6.76

All Competitor Stocks of India Tourism Development Corporation Ltd (ITDC)

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales44709090969311815411813113514885
Expenses466985928081951349610711211577
Operating Profit-215-316122320222423328
OPM %-4%1%6%-3%17%13%20%13%19%18%17%22%9%
Other Income3333356243544
Interest0000000000030
Depreciation2222222122222
Profit before tax-027-1171527212525253210
Tax %567%-142%87%-340%41%20%17%54%31%24%29%51%-22%
Net Profit-3412111223101719181612
EPS in Rs-0.350.430.110.251.201.402.641.172.032.242.101.831.38

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales429459492459349346354347177289464532499
Expenses450471478441340372335329222291388431412
Operating Profit-20-1214189-271918-44-17510187
OPM %-5%-3%3%4%3%-8%5%5%-25%-0%16%19%17%
Other Income33303419165844251619171615
Interest0001111111133
Depreciation67119777877777
Profit before tax611362717235535-36108410792
Tax %50%25%12%36%49%38%32%47%2%34%31%35%
Net Profit3832189143819-376597065
EPS in Rs0.360.953.712.080.871.354.582.37-4.060.796.908.207.55
Dividend Payout %-0%53%54%72%153%137%46%-0%-0%-0%32%31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)166.67%300.00%-43.75%-50.00%55.56%171.43%-50.00%-294.74%116.22%883.33%18.64%
Change in YoY Net Profit Growth (%)0.00%133.33%-343.75%-6.25%105.56%115.87%-221.43%-244.74%410.95%767.12%-864.69%

India Tourism Development Corporation Ltd (ITDC) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:8%
3 Years:44%
TTM:3%
Compounded Profit Growth
10 Years:22%
5 Years:25%
3 Years:57%
TTM:6%
Stock Price CAGR
10 Years:20%
5 Years:14%
3 Years:18%
1 Year:46%
Return on Equity
10 Years:6%
5 Years:7%
3 Years:13%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 3:29 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital868686868686868686868686
Reserves203208214216221222243234195200252303
Borrowings534451111111
Other Liabilities279295311304307359332298281298595676
Total Liabilities5735926146106186676636195635859341,066
Fixed Assets686252515757555145404640
CWIP46781346661134
Investments000000000000
Other Assets5005235565515476066025625115348851,021
Total Assets5735926146106186676636195635859341,066

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -6720-3813-715-298-1316-1242
Cash from Investing Activity 22212015-172312115-34
Cash from Financing Activity 373-5-21-15-9-20-22000-19
Net Cash Flow-744-247-2313-25-2-221-1528

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-25.00-15.0010.0014.004.00-28.0018.0017.00-45.00-2.0074.00100.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days87658986102108100102136896252
Inventory Days657759796660441222681158681
Days Payable3172572483053323342726731,119706767557
Cash Conversion Cycle-165-115-100-139-164-165-129-449-715-502-619-425
Working Capital Days-3-37-9-18-18-37-1123-141-145-185
ROCE %2%4%11%12%9%-2%11%10%-12%2%27%31%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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%0.01%0.02%0.02%0.02%0.00%0.09%0.01%
DIIs0.00%0.00%0.00%0.00%2.59%2.22%2.17%1.98%1.98%1.86%1.79%1.80%
Public12.97%12.97%12.97%12.97%10.38%10.73%10.79%10.96%10.97%11.10%11.09%11.16%
No. of Shareholders17,57217,21717,53917,60917,02517,60117,49417,65618,48219,49428,13128,158

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of India Tourism Development Corporation Ltd (ITDC) as of October 15, 2024 is: ₹773.42

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 October 15, 2024, India Tourism Development Corporation Ltd (ITDC) is Undervalued by 14.07% compared to the current share price ₹678.00

Intrinsic Value of India Tourism Development Corporation Ltd (ITDC) as of October 15, 2024 is: ₹1,283.98

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 October 15, 2024, India Tourism Development Corporation Ltd (ITDC) is Undervalued by 89.38% compared to the current share price ₹678.00

Last 5 Year EPS CAGR: 66.01%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -37.75, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -307.25, which is a positive sign.
  3. The company has higher reserves (225.92 cr) compared to borrowings (2.33 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (399.69 cr) and profit (35.92 cr) over the years.
  1. The stock has a low average ROCE of 8.75%, which may not be favorable.

Stock Analysis

  • 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 India Tourism Development Corporation Ltd (ITDC):
    1. Net Profit Margin: 13.11%
      • 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: 27.71% (Industry Average ROCE: 12.91%)
      • 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%: 18.07% (Industry Average ROE: 19.8%)
      • 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): 22.88
      • 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: 1.43
      • 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: 89.3 (Industry average Stock P/E: 79.05)
      • 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: 0
      • 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

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

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 ₹773.42.

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

The Market Cap of India Tourism Development Corporation Ltd (ITDC) is 5,865 Cr..

What is the current Stock Price of India Tourism Development Corporation Ltd (ITDC) as on 15 October 2024?

The current stock price of India Tourism Development Corporation Ltd (ITDC) as on 15 October 2024 is ₹683.

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 931/403.

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 89.3.

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 0.37 %.

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

The ROCE of India Tourism Development Corporation Ltd (ITDC) is 31.4 %.

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

The ROE of India Tourism Development Corporation Ltd (ITDC) is 19.2 %.

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