The Investment Trust of India Ltd (THEINVEST): Intrinsic Value & Share Price Analysis

Q: Is The Investment Trust of India Ltd (THEINVEST) financially healthy?

Key indicators: ROCE of 9.44 % is on the lower side. Dividend yield is 0.00 %.

Fair Value

₹142.51Undervalued by 27.24%vs CMP ₹112.00

P/E (20.2) × ROE (6.2%) × BV (₹139.00) × DY (2.00%)

₹144.71Undervalued by 29.21%vs CMP ₹112.00

MoS: +22.6% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 4 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹254.94	26%	Under (+127.6%)
Graham Number	Earnings	₹133.28	19%	Under (+19%)
DCF	Cash Flow	₹63.21	13%	Over (-43.6%)
Net Asset Value	Assets	₹138.38	8%	Under (+23.6%)
EV/EBITDA	Enterprise	₹70.33	11%	Over (-37.2%)
Earnings Yield	Earnings	₹56.80	8%	Over (-49.3%)
ROCE Capital	Returns	₹192.03	8%	Under (+71.5%)
Revenue Multiple	Revenue	₹69.19	6%	Over (-38.2%)
Consensus (8 models)		₹144.71	100%	Undervalued

Key Drivers: EPS CAGR 78.9% lifts DCF — verify sustainability. | Wide model spread (₹57–₹255) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 78.9%

*Investments are subject to market risks

Analyst Summary

The Investment Trust of India Ltd (THEINVEST) operates in the Finance & Investments segment, current market price is ₹112.00, market cap is 586 Cr.. At a glance, stock P/E is 20.2, ROE is 6.22 %, ROCE is 9.44 %, book value is 139, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹144.71, which is about 29.2% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹362 Cr versus the prior period change of 19.9%, while latest net profit is about ₹46 Cr with a prior-period change of 130.0%. The 52-week range shown on this page is 184/84.2, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisThe Investment Trust of India Ltd. is a Public Limited Listed company incorporated on 14/06/1991 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Nu…

This summary is generated from the stock page data available for The Investment Trust of India Ltd (THEINVEST): Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

The Investment Trust of India Ltd (THEINVEST) scores 46/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health62/100 · Moderate

ROCE 9.4% AverageROE 6.2% AverageD/E 0.43 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 72.1% Stable

Earnings Quality55/100 · Moderate

OPM expanding (12% → 25%) ImprovingWorking capital: 378 days Capital intensive

Quarterly Momentum15/100 · Weak

Revenue (4Q): -6% YoY DecliningProfit (4Q): -18% YoY DecliningOPM: 23.0% (down 9.0% YoY) Margin pressure

Industry Rank40/100 · Moderate

P/E 20.2 vs industry 124.9 Cheaper than peersROCE 9.4% vs industry 21.3% Below peersROE 6.2% vs industry 13.8% Below peers3Y sales CAGR: 3% Slow

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 26, 2026, 12:24 am

Market Cap	586 Cr.
Current Price	112
Intrinsic Value	₹144.71
High / Low	184/84.2
Stock P/E	20.2
Book Value	139
Dividend Yield	0.00 %
ROCE	9.44 %
ROE	6.22 %
Face Value	10.0
PEG Ratio	0.26

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for The Investment Trust of India Ltd (THEINVEST)

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
The Investment Trust of India Ltd (THEINVEST)	586 Cr.	112	184/84.2	20.2	139	0.00 %	9.44 %	6.22 %	10.0
Emkay Global Financial Services Ltd	591 Cr.	224	410/173	32.8	116	0.67 %	20.4 %	20.9 %	10.0
Welspun Investments & Commercials Ltd	520 Cr.	1,425	1,598/740	165	2,003	0.00 %	0.83 %	0.62 %	10.0
PTL Enterprises Ltd	515 Cr.	38.9	47.8/35.3	12.4	67.6	4.50 %	7.29 %	4.29 %	1.00
Consolidated Finvest & Holdings Ltd	711 Cr.	220	246/152	11.2	321	0.51 %	7.72 %	11.8 %	10.0
Industry Average	6,963.82 Cr	1,284.20		124.91	4,364.68	0.39%	21.30%	13.80%	7.23

All Competitor Stocks of The Investment Trust of India Ltd (THEINVEST)

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	67	78	58	76	67	86	71	111	77	94	70	79	82
Expenses	64	63	57	59	56	64	50	88	52	72	52	63	63
Operating Profit	2	15	1	18	10	22	21	24	25	22	18	17	19
OPM %	3%	20%	1%	23%	15%	26%	30%	21%	32%	24%	25%	21%	23%
Other Income	6	8	8	3	8	5	9	13	-1	2	9	6	11
Interest	3	4	5	7	7	8	10	9	8	10	11	11	10
Depreciation	3	4	3	3	3	3	3	3	3	3	3	3	3
Profit before tax	2	16	1	11	8	16	18	25	13	11	13	8	17
Tax %	87%	16%	288%	10%	25%	72%	26%	18%	56%	38%	22%	30%	25%
Net Profit	0	13	-1	10	6	5	13	20	6	7	10	6	13
EPS in Rs	0.05	2.49	-0.25	1.98	1.15	0.67	2.37	3.90	0.77	1.10	1.75	0.56	2.27

Last Updated: March 3, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:11 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	55	159	133	168	335	640	463	335	333	311	302	362	325
Expenses	38	109	111	119	245	502	396	269	291	280	236	261	250
Operating Profit	17	50	22	49	90	138	67	66	42	30	66	101	76
OPM %	31%	31%	16%	29%	27%	22%	14%	20%	13%	10%	22%	28%	23%
Other Income	5	0	9	10	36	30	4	9	10	18	9	14	27
Interest	20	37	15	11	52	109	60	41	29	14	27	37	42
Depreciation	3	9	8	8	9	10	12	10	11	12	11	11	11
Profit before tax	-0	4	7	40	67	49	-2	25	12	22	36	67	49
Tax %	635%	48%	56%	26%	-21%	16%	200%	38%	88%	47%	45%	31%
Net Profit	-1	2	6	30	80	41	-7	15	1	12	20	46	35
EPS in Rs	-0.53	0.29	1.11	5.55	15.09	6.92	-1.02	2.93	0.31	2.20	3.55	8.14	5.68
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	300.00%	200.00%	400.00%	166.67%	-48.75%	-117.07%	314.29%	-93.33%	1100.00%	66.67%	130.00%
Change in YoY Net Profit Growth (%)	0.00%	-100.00%	200.00%	-233.33%	-215.42%	-68.32%	431.36%	-407.62%	1193.33%	-1033.33%	63.33%

The Investment Trust of India Ltd (THEINVEST) 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:	9%
5 Years:	-5%
3 Years:	3%
TTM:	17%

Compounded Profit Growth
10 Years:	40%
5 Years:	54%
3 Years:	200%
TTM:	22%

Stock Price CAGR
10 Years:	2%
5 Years:	3%
3 Years:	18%
1 Year:	-16%

Return on Equity
10 Years:	4%
5 Years:	3%
3 Years:	4%
Last Year:	6%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:06 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	13	28	28	51	51	51	51	52	52	52	52	52	52
Reserves	149	191	201	411	486	531	534	549	549	584	609	653	672
Borrowings	190	460	71	367	698	642	394	284	151	200	378	378	528
Other Liabilities	149	140	94	283	359	328	209	255	255	209	263	459	268
Total Liabilities	501	820	394	1,112	1,594	1,553	1,188	1,141	1,007	1,045	1,302	1,542	1,520
Fixed Assets	33	31	24	18	24	20	35	23	39	38	33	28	29
CWIP	1	0	0	0	0	0	0	0	0	0	0	0	0
Investments	6	9	70	401	160	166	167	183	233	260	272	280	292
Other Assets	461	780	300	693	1,410	1,367	986	935	734	747	997	1,233	1,199
Total Assets	501	820	394	1,112	1,594	1,553	1,188	1,141	1,007	1,045	1,302	1,542	1,520

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-92	-265	449	-188	-452	147	315	249	302	-97	-209	125
Cash from Investing Activity +	-26	-11	-55	-35	-34	94	1	-12	-52	-25	1	3
Cash from Financing Activity +	116	291	-404	489	274	-246	-343	-145	-186	66	172	-15
Net Cash Flow	-3	15	-10	266	-212	-6	-26	91	64	-57	-37	113
Free Cash Flow	-119	-276	448	-190	-455	141	314	247	296	-108	-216	119
CFO/OP	-548%	-514%	2,114%	-366%	-515%	126%	479%	381%	732%	-300%	-301%	141%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-173.00	-410.00	-49.00	-318.00	-608.00	-504.00	-327.00	-218.00	-109.00	-170.00	-312.00	-277.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	431	90	142	303	68	58	63	59	87	67	97	72
Inventory Days					149	79	167	179	29	391	2,022
Days Payable					307	151	294	1,050	781	657	2,685
Cash Conversion Cycle	431	90	142	303	-90	-14	-64	-812	-665	-199	-566	72
Working Capital Days	-841	-532	51	-321	693	57	84	363	87	233	491	378
ROCE %	7%	8%	4%	8%	10%	12%	5%	7%	5%	5%	7%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%
FIIs	6.55%	6.55%	6.55%	6.55%	6.55%	6.55%	6.55%	6.64%	6.55%	6.55%	6.55%	6.55%
Public	21.34%	21.33%	21.33%	21.33%	21.33%	21.34%	21.32%	21.24%	21.32%	21.32%	21.33%	21.34%
No. of Shareholders	4,478	4,637	4,672	4,555	4,796	4,915	6,080	6,434	6,495	7,014	6,987	6,813

Shareholding Pattern Chart

No. of Shareholders

The Investment Trust of India Ltd (THEINVEST): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	8.14	3.56	2.21	0.31	2.95
Diluted EPS (Rs.)	8.14	3.56	2.21	0.30	2.92
Cash EPS (Rs.)	8.92	4.96	3.67	1.72	3.93
Book Value[Excl.RevalReserv]/Share (Rs.)	134.96	131.57	123.62	114.96	115.29
Book Value[Incl.RevalReserv]/Share (Rs.)	134.96	131.57	123.62	114.96	115.29
Revenue From Operations / Share (Rs.)	67.56	55.08	57.63	62.90	62.43
PBDIT / Share (Rs.)	19.96	13.26	8.41	9.36	13.73
PBIT / Share (Rs.)	17.84	11.07	6.15	7.18	11.85
PBT / Share (Rs.)	10.75	5.90	3.38	1.58	3.88
Net Profit / Share (Rs.)	6.79	2.77	1.42	-0.46	2.05
NP After MI And SOA / Share (Rs.)	8.14	3.56	2.20	0.30	2.92
PBDIT Margin (%)	29.54	24.07	14.59	14.87	21.98
PBIT Margin (%)	26.40	20.10	10.67	11.41	18.98
PBT Margin (%)	15.91	10.71	5.86	2.51	6.22
Net Profit Margin (%)	10.05	5.03	2.45	-0.73	3.29
NP After MI And SOA Margin (%)	12.05	6.45	3.82	0.48	4.68
Return on Networth / Equity (%)	6.03	2.80	1.80	0.26	2.54
Return on Capital Employeed (%)	12.13	7.20	4.30	5.70	9.63
Return On Assets (%)	2.75	1.42	1.02	0.15	1.32
Long Term Debt / Equity (X)	0.00	0.14	0.11	0.00	0.00
Total Debt / Equity (X)	0.51	0.54	0.26	0.17	0.43
Asset Turnover Ratio (%)	0.24	0.23	0.28	0.30	0.27
Current Ratio (X)	1.60	1.95	2.09	1.86	1.62
Quick Ratio (X)	1.60	1.68	1.86	1.84	1.56
Inventory Turnover Ratio (X)	5.15	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	2.82	2.56	3.03	1.67	1.72
Interest Coverage Ratio (Post Tax) (X)	1.96	1.54	1.51	0.91	1.26
Enterprise Value (Cr.)	648.48	813.52	272.67	413.91	511.86
EV / Net Operating Revenue (X)	1.84	2.83	0.90	1.28	1.59
EV / EBITDA (X)	6.22	11.74	6.21	8.59	7.24
MarketCap / Net Operating Revenue (X)	1.78	2.45	1.16	1.78	1.46
Price / BV (X)	0.88	1.07	0.55	0.97	0.79
Price / Net Operating Revenue (X)	1.78	2.45	1.16	1.78	1.46
EarningsYield	0.06	0.02	0.03	0.00	0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

The Investment Trust of India Ltd. is a Public Limited Listed company incorporated on 14/06/1991 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65910MH1991PLC062067 and registration number is 062067. Currently company belongs to the Industry of Finance & Investments. Company's Total Operating Revenue is Rs. 10.86 Cr. and Equity Capital is Rs. 52.24 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	ITI House, 36 Dr. R. K. Shirodkar Marg, Mumbai Maharashtra 400012	Contact not found

Management
Name	Position Held
Mrs. Khyati Valia	Non Executive Director
Mrs. Papia Sengupta	Independent Woman Director
Mr. Asit Mehta	Non Executive Director
Mr. Chintan Valia	Non Executive Chairman
Mr. Rajeev Uberoi	Independent Director
Mr. Sidharth Rath	Independent Director
Mr. Banavar Anantharamaiah Prabhakar	Independent Director

FAQ

What is the intrinsic value of The Investment Trust of India Ltd (THEINVEST) and is it undervalued?

As of 26 April 2026, The Investment Trust of India Ltd (THEINVEST)'s intrinsic value is ₹144.71, which is 29.21% higher than the current market price of ₹112.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.22 %), book value (₹139), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of The Investment Trust of India Ltd (THEINVEST)?

The Investment Trust of India Ltd (THEINVEST) is trading at ₹112.00 as of 26 April 2026, with a FY2026-2027 high of ₹184 and low of ₹84.2. The stock is currently in the middle of its 52-week range. Market cap stands at ₹586 Cr..

How does The Investment Trust of India Ltd (THEINVEST)'s P/E ratio compare to its industry?

The Investment Trust of India Ltd (THEINVEST) has a P/E ratio of 20.2, which is below the industry average of 124.91. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is The Investment Trust of India Ltd (THEINVEST) financially healthy?

Key indicators for The Investment Trust of India Ltd (THEINVEST): ROCE of 9.44 % is on the lower side compared to the industry average of 21.30%; ROE of 6.22 % is below ideal levels (industry average: 13.80%). Dividend yield is 0.00 %.

Is The Investment Trust of India Ltd (THEINVEST) profitable and how is the profit trend?

The Investment Trust of India Ltd (THEINVEST) reported a net profit of ₹46 Cr in Mar 2025 on revenue of ₹362 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does The Investment Trust of India Ltd (THEINVEST) pay dividends?

The Investment Trust of India Ltd (THEINVEST) has a dividend yield of 0.00 % at the current price of ₹112.00. The company is currently not paying meaningful dividends.