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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of ITI Ltd

About the Company - ITI Ltd

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, Doorvani Nagar, 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. Rakesh Chandra TiwariDirector - Marketing
Mr. S JeyanthiDirector - Production
Mr. Raja NayakIndependent Director
Mr. Billeswar SinhaIndependent Director
Mrs. Mamta PalariyaIndependent Director
Lt. Gen. M Unnikrishnan NairGovernment Director
Mr. R ShakyaGovernment Director

Basic Stock Data of ITI Ltd

Last Updated: May 30, 2024, 6:08 am

Market Cap 30,638 Cr.
Current Price 319
High / Low384/104
Stock P/E
Book Value 21.7
Dividend Yield0.00 %
ROCE3.60 %
ROE14.7 %
Face Value 10.0
PEG Ratio0.00

ITI Ltd Quarterly Results

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: May 11, 2024, 11:58 am

ITI Ltd Quarterly Chart

ITI Ltd Profit & Loss

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%

ITI Ltd Profit & Loss Yearly Chart

ITI Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:-1%
3 Years:-12%
TTM:-18%
Compounded Profit Growth
10 Years:0%
5 Years:%
3 Years:%
TTM:-674%
Stock Price CAGR
10 Years:27%
5 Years:26%
3 Years:36%
1 Year:189%
Return on Equity
10 Years:0%
5 Years:0%
3 Years:-3%
Last Year:-15%

Last Updated: May 23, 2024, 12:57 pm

ITI Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital288288288288288560760897925934934950961
Reserves8255842311253894998688971,3571,4751,6401,3901,120
Preference Capital3003003003003000000000
Borrowings4856088761,2211,1391,5241,2261,2591,2161,4651,6131,8771,941
Other Liabilities5,6685,5613,7263,7414,0522,9654,1893,9434,2255,0435,3945,2805,002
Total Liabilities7,2677,0415,1215,3745,8685,5487,0446,9957,7238,9179,5809,4979,023
Fixed Assets2,5172,4862,4532,4232,4582,5062,6202,6952,6932,7022,7292,7522,751
CWIP21213392102149165189169150139138
Investments0000000000000
Other Assets4,7484,5542,6472,9173,3182,9394,2744,1354,8416,0466,7016,6056,134
Total Assets7,2677,0415,1215,3745,8685,5487,0446,9957,7238,9179,5809,4979,023

ITI Ltd Reserves and Borrowings Chart

ITI Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -128-179-127-149-319-347-10922-19796-436-294
Cash from Investing Activity -1-3-19-10-104-75-96-124-75-30617746
Cash from Financing Activity 57178161398273468364-19285198247241
Net Cash Flow-72-415239-15045158-12113-12-12-6

ITI Ltd 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%

ITI Ltd Financial Efficiency Indicators Chart

ITI Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters90.30%90.09%90.09%90.09%90.09%90.00%90.09%90.09%90.17%90.17%90.28%90.28%
FIIs0.02%0.02%0.02%0.02%0.02%0.04%0.05%0.07%0.07%0.08%0.08%0.09%
DIIs0.00%0.00%0.01%0.01%0.02%0.01%0.02%0.01%0.01%0.01%0.01%0.01%
Government7.51%7.74%7.74%7.74%7.74%7.83%7.76%7.76%7.70%7.70%7.61%7.61%
Public2.16%2.14%2.14%2.14%2.13%2.12%2.08%2.06%2.03%2.03%2.01%1.99%
No. of Shareholders76,93475,98677,65876,15777,41377,91578,01777,02475,48975,88674,75480,144

ITI Ltd Shareholding Pattern Chart

No. of ITI Ltd Shareholders

ITI Ltd ROCE Trend

ITI Ltd EPS Trend

ITI Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-3.811.280.101.620.97
Diluted EPS (Rs.)-3.811.280.101.620.97
Cash EPS (Rs.)-3.271.830.562.051.45
Book Value[Excl.RevalReserv]/Share (Rs.)23.8827.3026.3125.08-6.20
Book Value[Incl.RevalReserv]/Share (Rs.)23.8827.3026.3125.0819.82
Revenue From Operations / Share (Rs.)14.7019.9325.3022.2518.60
PBDIT / Share (Rs.)-1.063.892.283.572.63
PBIT / Share (Rs.)-1.593.351.833.112.22
PBT / Share (Rs.)-3.791.300.111.591.03
Net Profit / Share (Rs.)-3.791.300.111.591.03
NP After MI And SOA / Share (Rs.)-3.791.280.101.581.03
PBDIT Margin (%)-7.2319.528.9916.0214.15
PBIT Margin (%)-10.7816.837.2213.9911.92
PBT Margin (%)-25.806.500.477.165.54
Net Profit Margin (%)-25.806.500.477.165.54
NP After MI And SOA Margin (%)-25.786.430.397.075.54
Return on Networth / Equity (%)-15.874.690.386.27-16.62
Return on Capital Employeed (%)-5.1810.165.8210.208.28
Return On Assets (%)-3.791.240.101.881.32
Long Term Debt / Equity (X)0.070.110.120.07-0.53
Total Debt / Equity (X)0.820.630.590.52-2.26
Asset Turnover Ratio (%)0.140.200.280.280.23
Current Ratio (X)0.960.980.940.900.89
Quick Ratio (X)0.920.950.910.870.85
Inventory Turnover Ratio (X)0.740.620.950.551.86
Interest Coverage Ratio (X)-0.481.891.332.352.22
Interest Coverage Ratio (Post Tax) (X)-0.711.631.072.051.87
Enterprise Value (Cr.)10213.8410332.5511661.486761.769639.47
EV / Net Operating Revenue (X)7.325.554.943.285.78
EV / EBITDA (X)-101.1128.4554.8620.4940.83
MarketCap / Net Operating Revenue (X)6.134.854.552.815.15
Price / BV (X)3.773.544.382.50-15.43
Price / Net Operating Revenue (X)6.134.854.552.815.15
EarningsYield-0.040.010.000.020.01

ITI Ltd Profitability Ratios (%)

ITI Ltd Liquidity Ratios

ITI Ltd Liquidity Ratios (%)

ITI Ltd Interest Coverage Ratios (%)

ITI Ltd Valuation Ratios

Fair Value

Fair Value: ₹48.81

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.

Overvalued: 84.70% compared to the current price ₹319

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

Intrinsic Value: ₹33.40

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.

Overvalued: 89.53% compared to the current price ₹319

Default values used*: Deafault 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 of ITI Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.78 and average Dividend Yield of 7.84%.
  2. The stock has a low average Working Capital Days of -70.67, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -438.67, which is a positive sign.
  4. The company has higher reserves (876.92 cr) compared to borrowings (115.38 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 1.83%, which may not be favorable.
  2. The company has not shown consistent growth in sales (234.85) and profit (-63.31).

FAQ

What is the latest fair value of ITI Ltd?

The latest fair value of ITI Ltd is ₹48.81.

What is the Market Cap of ITI Ltd?

The Market Cap of ITI Ltd is 30,638 Cr..

What is the current Stock Price of ITI Ltd as on 30 May 2024?

The current stock price of ITI Ltd as on 30 May 2024 is ₹319.

What is the High / Low of ITI Ltd stocks in FY 2024?

In FY 2024, the High / Low of ITI Ltd stocks is 384/104.

What is the Stock P/E of ITI Ltd?

The Stock P/E of ITI Ltd is .

What is the Book Value of ITI Ltd?

The Book Value of ITI Ltd is 21.7.

What is the Dividend Yield of ITI Ltd?

The Dividend Yield of ITI Ltd is 0.00 %.

What is the ROCE of ITI Ltd?

The ROCE of ITI Ltd is 3.60 %.

What is the ROE of ITI Ltd?

The ROE of ITI Ltd is 14.7 %.

What is the Face Value of ITI Ltd?

The Face Value of ITI Ltd 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 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