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Last Updated: April 2, 2026, 3:08 am
Author: Getaka|Social: XLinkedIn

ITI Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹29.94Overvalued by 88.26%vs CMP ₹255.00

P/E (15.0) × ROE (16.2%) × BV (₹15.10) × DY (2.00%)

Defaults: P/E=15

₹25.63Overvalued by 89.95%vs CMP ₹255.00
MoS: -894.9% (Negative)Confidence: 55/100 (Moderate)Models: All 4: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹22.8941%Over (-91%)
Net Asset ValueAssets₹15.0524%Over (-94.1%)
ROCE CapitalReturns₹13.8916%Over (-94.6%)
Revenue MultipleRevenue₹56.2418%Over (-77.9%)
Consensus (4 models)₹25.63100%Overvalued
Key Drivers: EPS CAGR -23.6% drags value — could be higher if earnings stabilize. | Wide model spread (₹14–₹56) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -23.6% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

43
ITI Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health37/100 · Weak
ROCE 1.3% WeakROE 16.2% GoodD/E 0.59 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 90.0% Stable
Earnings Quality40/100 · Moderate
OPM contracting (-3% → -14%) Declining
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -18% YoY DecliningOPM: 5.0% (up 6.0% YoY) Margin expansion
Industry Rank50/100 · Moderate
ROCE 1.3% vs industry 16.3% Below peers3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:08 am

Market Cap 24,593 Cr.
Current Price 255
Intrinsic Value₹25.63
High / Low 373/233
Stock P/E
Book Value 15.1
Dividend Yield0.00 %
ROCE1.33 %
ROE16.2 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for ITI Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
ITI Ltd 24,593 Cr. 255 373/233 15.10.00 %1.33 %16.2 % 10.0
HFCL Ltd 11,092 Cr. 72.5 94.0/59.8214 27.00.14 %7.55 %4.42 % 1.00
Avantel Ltd 3,568 Cr. 134 215/90.3156 12.70.15 %37.0 %28.6 % 2.00
Optiemus Infracom Ltd 2,736 Cr. 308 713/28841.5 81.00.00 %14.4 %11.6 % 10.0
GTL Infrastructure Ltd 1,319 Cr. 1.03 2.17/0.96 4.990.00 %%% 10.0
Industry Average15,704.10 Cr262.86365.1551.050.25%16.26%15.66%8.17

All Competitor Stocks of ITI Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2567751572462596015201,0161,0351,046498543515
Expenses 2917812062993027755331,0251,0451,074505545489
Operating Profit -35-6-49-53-43-174-13-9-11-28-7-125
OPM % -14%-1%-31%-21%-17%-29%-2%-1%-1%-3%-1%-0%5%
Other Income 10101310139-111420989138
Interest 51635569576053626445515348
Depreciation 12131213141414141329151311
Profit before tax -87-73-103-126-102-239-91-70-67-5-63-54-26
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit -87-73-103-126-102-239-91-70-67-5-63-54-26
EPS in Rs -0.92-0.77-1.07-1.31-1.06-2.49-0.95-0.73-0.70-0.05-0.66-0.56-0.27

Last Updated: March 4, 2026, 8:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 2:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7095741,2521,5281,4751,6682,0592,3621,8611,3951,2643,6162,602
Expenses 9537851,4241,6331,3941,7691,9132,3111,7521,5491,5823,6762,613
Operating Profit -244-210-172-10581-10014651109-154-318-60-11
OPM % -34%-37%-14%-7%6%-6%7%2%6%-11%-25%-2%-0%
Other Income 39865945413273361841612555343120128
Interest 122157157153153106141160192210241224197
Depreciation 17151317253742425150536968
Profit before tax -344-2972512662319314711120-360-569-233-148
Tax % -0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
Net Profit -344-2972512662319314711120-360-569-233-148
EPS in Rs -11.95-10.328.724.763.031.031.590.121.29-3.79-5.92-2.43-1.54
Dividend Payout % -0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)13.66%184.51%5.98%-13.16%-59.74%58.06%-92.52%990.91%-400.00%-58.06%59.05%
Change in YoY Net Profit Growth (%)0.00%170.85%-178.54%-19.13%-46.58%117.80%-150.58%1083.43%-1390.91%341.94%117.11%

ITI Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:12%
3 Years:25%
TTM:121%
Compounded Profit Growth
10 Years:1%
5 Years:%
3 Years:%
TTM:50%
Stock Price CAGR
10 Years:30%
5 Years:18%
3 Years:40%
1 Year:4%
Return on Equity
10 Years:-1%
5 Years:-10%
3 Years:-19%
Last Year:-16%

Last Updated: September 5, 2025, 7:55 am

Balance Sheet

Last Updated: December 10, 2025, 2:53 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 288288288560760897925934934950961961961
Reserves 2311253894998688971,3571,4751,6401,390789611490
Borrowings 1,1761,5211,4391,5241,2261,2591,2161,4651,6131,8771,8011,4811,311
Other Liabilities 3,4263,4413,7522,9654,1893,9434,2255,0435,3945,2806,0547,3407,614
Total Liabilities 5,1215,3745,8685,5487,0446,9957,7238,9179,5809,4979,60510,39210,376
Fixed Assets 2,4532,4232,4582,5062,6202,6952,6932,7022,7292,7522,7322,7102,683
CWIP 2133921021491651891691501391421919
Investments 0000000000000
Other Assets 2,6472,9173,3182,9394,2744,1354,8416,0466,7016,6056,7307,6647,674
Total Assets 5,1215,3745,8685,5487,0446,9957,7238,9179,5809,4979,60510,39210,376

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -127-149-319-347-10922-19796-436-294974-154
Cash from Investing Activity + -19-10-104-75-96-124-75-30617746-543669
Cash from Financing Activity + 161398273468364-19285198247241-322-485
Net Cash Flow 15239-15045158-12113-12-12-610930
Free Cash Flow -147-161-425-424-207-106-25992-493-33893744
CFO/OP 52%71%185%332%-134%-22%-135%187%-401%191%-306%256%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-245.00-211.00-173.00-106.0080.00-101.00145.0050.00108.00-155.00-319.00-61.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1,0011,170500525762581490394536635705403
Inventory Days 3412477511012611416719611826120725
Days Payable 5,3453,6371,0211,2281,4821,1091,5001,5788551,2421,222352
Cash Conversion Cycle -4,003-2,220-447-594-594-414-844-988-202-345-30976
Working Capital Days -772-985-608-283-230-145-117-131-36-103-469-150
ROCE %-13%-8%15%18%14%7%9%5%8%-4%-8%-1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 90.17%90.28%90.28%90.28%90.00%90.00%90.00%90.00%90.00%90.02%90.02%90.02%
FIIs 0.08%0.08%0.09%0.10%0.11%0.06%0.04%0.06%0.00%0.01%0.00%0.00%
DIIs 0.01%0.01%0.01%0.02%0.02%0.03%0.03%0.04%0.04%0.04%0.05%0.05%
Government 7.70%7.61%7.61%7.61%7.90%7.90%7.90%7.90%7.90%7.88%7.88%7.88%
Public 2.03%2.01%1.99%1.99%1.97%2.01%2.02%1.99%2.04%2.04%2.05%2.04%
No. of Shareholders 75,88674,75480,14497,9791,00,3211,07,4681,05,1441,60,1542,05,5071,94,1221,78,6321,66,360

Shareholding Pattern Chart

No. of Shareholders

ITI Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund 58,076 0.22 1.5758,0762025-04-22 17:25:300%
Motilal Oswal Nifty Smallcap 250 Index Fund 36,462 0.22 0.9836,4622025-04-22 17:25:300%
SBI Nifty Smallcap 250 Index Fund 26,758 0.22 0.7226,7582025-04-22 13:03:180%
Motilal Oswal Nifty 500 Index Fund 3,984 0.02 0.113,9842025-04-22 13:03:180%
Edelweiss Nifty Smallcap 250 Index Fund 1,226 0.22 0.031,2262025-04-22 13:03:180%
Groww Nifty Total Market Index Fund 215 0.02 0.012152025-04-22 17:25:300%
Motilal Oswal Nifty 500 ETF 174 0.02 01742025-04-22 13:03:180%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -2.24-5.93-3.811.280.10
Diluted EPS (Rs.) -2.24-5.93-3.811.280.10
Cash EPS (Rs.) -1.71-5.37-3.271.830.56
Book Value[Excl.RevalReserv]/Share (Rs.) 16.2918.5723.8827.3026.31
Book Value[Incl.RevalReserv]/Share (Rs.) 16.2918.5723.8827.3026.31
Revenue From Operations / Share (Rs.) 37.6413.1514.7019.9325.30
PBDIT / Share (Rs.) 0.26-2.86-1.063.892.28
PBIT / Share (Rs.) -0.45-3.41-1.593.351.83
PBT / Share (Rs.) -2.43-5.92-3.791.300.11
Net Profit / Share (Rs.) -2.43-5.92-3.791.300.11
NP After MI And SOA / Share (Rs.) -2.24-5.92-3.791.280.10
PBDIT Margin (%) 0.70-21.72-7.2319.528.99
PBIT Margin (%) -1.21-25.93-10.7816.837.22
PBT Margin (%) -6.44-45.03-25.806.500.47
Net Profit Margin (%) -6.44-45.03-25.806.500.47
NP After MI And SOA Margin (%) -5.94-45.02-25.786.430.39
Return on Networth / Equity (%) -13.72-31.88-15.874.690.38
Return on Capital Employeed (%) -2.30-14.94-5.1810.165.82
Return On Assets (%) -2.06-5.92-3.791.240.10
Long Term Debt / Equity (X) 0.030.060.070.110.12
Total Debt / Equity (X) 0.941.010.820.630.59
Asset Turnover Ratio (%) 0.360.130.140.200.28
Current Ratio (X) 0.870.880.960.980.94
Quick Ratio (X) 0.840.850.920.950.91
Inventory Turnover Ratio (X) 15.950.350.740.620.95
Interest Coverage Ratio (X) 0.11-1.14-0.481.891.33
Interest Coverage Ratio (Post Tax) (X) -0.19-1.36-0.711.631.07
Enterprise Value (Cr.) 24902.9725263.8710213.8410332.5511661.48
EV / Net Operating Revenue (X) 6.8919.997.325.554.94
EV / EBITDA (X) 983.67-92.02-101.1128.4554.86
MarketCap / Net Operating Revenue (X) 6.5919.236.134.854.55
Price / BV (X) 15.2313.623.773.544.38
Price / Net Operating Revenue (X) 6.5919.236.134.854.55
EarningsYield -0.01-0.02-0.040.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 is involved in the business activities of Maintenance of telecom network. Company's Total Operating Revenue is Rs. 3616.42 Cr. and Equity Capital is Rs. 960.89 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Telecom EquipmentITI Bhavan, Doorvani Nagar, Bengaluru Karnataka 560016Contact not found
Management
NamePosition Held
Mr. Rajesh RaiChairman & Managing Director
Mr. Rajeev SrivastavaDirector - Finance & CFO
Mr. C V Ramana BabuDirector - Marketing
Mrs. S JeyanthiDirector - Production
Mr. Gopinath SahuIndependent Director
Mr. Arun AgarwalGovernment Director
Lt. Gen. K Vinod KumarGovernment Director

FAQ

What is the intrinsic value of ITI Ltd and is it undervalued?

As of 12 April 2026, ITI Ltd's intrinsic value is ₹25.63, which is 89.95% lower than the current market price of ₹255.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (16.2 %), book value (₹15.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of ITI Ltd?

ITI Ltd is trading at ₹255.00 as of 12 April 2026, with a FY2026-2027 high of ₹373 and low of ₹233. The stock is currently near its 52-week low. Market cap stands at ₹24,593 Cr..

How does ITI Ltd's P/E ratio compare to its industry?

ITI Ltd has a P/E ratio of , which is below the industry average of 365.15. This is broadly in line with or below the industry average.

Is ITI Ltd financially healthy?

Key indicators for ITI Ltd: ROCE of 1.33 % is on the lower side compared to the industry average of 16.26%; ROE of 16.2 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is ITI Ltd profitable and how is the profit trend?

ITI Ltd reported a net profit of ₹-233 Cr in Mar 2025 on revenue of ₹3,616 Cr. Compared to ₹120 Cr in Mar 2022, the net profit shows a declining trend.

Does ITI Ltd pay dividends?

ITI Ltd has a dividend yield of 0.00 % at the current price of ₹255.00. The company is currently not paying meaningful dividends.

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 ITI Ltd. 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
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