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Last Updated: April 2, 2026, 4:49 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531968 | NSE: IITLPROJ

IITL Projects Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4.05Overvalued by 90.58%vs CMP ₹43.00

P/E (15.6) × ROE (15.0%) × BV (₹2.12) × DY (2.00%)

Defaults: ROE=15%

₹477.09Undervalued by 1,009.51%vs CMP ₹43.00
MoS: +91% (Strong)Confidence: 49/100 (Moderate)Models: 4 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5.1630%Over (-88%)
Graham NumberEarnings₹58.7222%Under (+36.6%)
Earnings PowerEarnings₹333.3318%Under (+675.2%)
DCFCash Flow₹1,766.4718%Under (+4008.1%)
Earnings YieldEarnings₹722.9012%Under (+1581.2%)
Consensus (5 models)₹477.09100%Undervalued
Key Drivers: EPS CAGR 27.5% lifts DCF — verify sustainability. | Wide model spread (₹5–₹1,766) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 27.5% · Defaults: ROE=15%

*Investments are subject to market risks

Investment Snapshot

58
IITL Projects Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 16.6% GoodROE 0.0% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 71.7% Stable
Earnings Quality75/100 · Strong
OPM expanding (-136% → -2%) ImprovingWorking capital: -43,452 days (improving) Efficient
Quarterly Momentum55/100 · Moderate
Revenue (4Q): -110% YoY DecliningProfit (4Q): +2,553% YoY Strong
Industry Rank55/100 · Moderate
P/E 15.6 vs industry 36.6 Cheaper than peersROCE 16.6% vs industry 16.4% Average3Y sales CAGR: -100% Shrinking

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.

IITL Projects Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 15.6 vs Ind 36.6 | ROCE 16.6% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.14x | Borrow/Reserve N/A
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹31 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +166.7% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+1,009.5%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-6Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+166.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:49 am

Market Cap 21.5 Cr.
Current Price 43.0
Intrinsic Value₹477.09
High / Low 73.9/36.0
Stock P/E15.6
Book Value 2.12
Dividend Yield0.00 %
ROCE16.6 %
ROE%
Face Value 10.0
PEG Ratio0.57

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

View Share Price Target for IITL Projects Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IITL Projects Ltd 21.5 Cr. 43.0 73.9/36.015.6 2.120.00 %16.6 %% 10.0
Man Infraconstruction Ltd 3,446 Cr. 85.4 192/77.114.7 54.21.05 %23.5 %17.5 % 2.00
Manav Infra Projects Ltd 50.0 Cr. 38.0 45.0/11.014.6 6.470.00 %39.9 %103 % 10.0
Univastu India Ltd 222 Cr. 61.8 107/56.014.3 24.30.00 %26.6 %15.8 % 10.0
Arihant Foundations & Housing Ltd 948 Cr. 952 1,513/69014.0 3450.00 %19.5 %16.5 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of IITL Projects Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3.472.290.430.680.582.560.500.000.00-0.300.000.000.00
Expenses 0.444.200.611.05-2.44-1.750.480.180.16-0.060.230.12-0.29
Operating Profit 3.03-1.91-0.18-0.373.024.310.02-0.18-0.16-0.24-0.23-0.120.29
OPM % 87.32%-83.41%-41.86%-54.41%520.69%168.36%4.00%
Other Income 0.020.020.040.0619.382.050.520.500.5735.630.480.440.43
Interest 1.321.321.451.451.451.451.591.611.610.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax 1.73-3.21-1.59-1.7620.954.91-1.05-1.29-1.2035.390.250.320.72
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.83%1.05%24.00%25.00%11.11%
Net Profit 1.73-3.21-1.59-1.7620.954.91-1.05-1.29-1.2135.020.180.240.64
EPS in Rs 3.47-6.43-3.19-3.5341.989.84-2.10-2.58-2.4270.170.360.481.28

Last Updated: March 3, 2026, 9:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:25 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 21222121101120-0
Expenses 241774715151325-410
Operating Profit -35-4-3-5-14-14-12-0-46-1-0
OPM % -13%22%-179%-268%-208%-1,638%-1,495%-2,800%-24%-248%258%-262%100%
Other Income 0104-4200166223737
Interest 0154344455650
Depreciation 0000000000000
Profit before tax -35-9-3-12-16-18-1711-3233237
Tax % -1%12%-0%0%-0%0%0%0%0%0%0%1%
Net Profit -35-9-3-12-16-18-1711-3233136
EPS in Rs -6.319.10-17.35-6.75-23.38-31.78-35.81-33.5021.42-5.9945.1063.0572.29
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 (%)266.67%-280.00%66.67%-300.00%-33.33%-12.50%5.56%164.71%-127.27%866.67%34.78%
Change in YoY Net Profit Growth (%)0.00%-546.67%346.67%-366.67%266.67%20.83%18.06%159.15%-291.98%993.94%-831.88%

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

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 3:04 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555555555
Reserves 97-8-3-15-34-52-68-57-60-38-6-6
Borrowings 1722433600000019350
Other Liabilities 3631425148617894838347135
Total Liabilities 67658289393332313027333434
Fixed Assets 0000000000000
CWIP 0000000000000
Investments 38487280322727262622000
Other Assets 2917119765555333434
Total Assets 67658289393332313027333434

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0220-01-0-1-0-0-27-2
Cash from Investing Activity + -20-9-2300-0-01-00272
Cash from Financing Activity + -2321000000000
Net Cash Flow -22-4-00-00-10-0-000
Free Cash Flow -0220-00-1-1-0-0-27-2
CFO/OP 15%52%-57%15%-4%-5%3%6%47%1%-423%247%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-20.00-17.00-47.00-39.00-5.00-14.00-14.00-12.000.00-4.00-13.00-36.00

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 10213647487325433615933222361250
Inventory Days 2,6021,1407,5313,0395,0981,349984
Days Payable 1,06413694125344712387
Cash Conversion Cycle 1021364742,4111,2586,9252,9464,9831,448958250
Working Capital Days -85-184-908-13,821-894-6,466-10,938-32,974-7,164-5,263-2,643-43,452
ROCE %-7%18%-11%22%-17%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%71.74%
Public 28.26%28.26%28.26%28.26%28.26%28.26%28.27%28.25%28.26%28.26%28.26%28.27%
No. of Shareholders 6836726907086687568291,0651,0481,0301,0411,035

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 45.16-6.0021.35-33.61-35.86
Diluted EPS (Rs.) 45.16-6.0021.35-33.61-35.86
Cash EPS (Rs.) 40.86-17.55-10.21-10.10-10.14
Book Value[Excl.RevalReserv]/Share (Rs.) -66.40-111.40-105.44-126.72-93.42
Book Value[Incl.RevalReserv]/Share (Rs.) -66.40-111.40-105.44-126.72-93.42
Revenue From Operations / Share (Rs.) 5.002.852.450.871.89
PBDIT / Share (Rs.) 11.94-6.97-0.57-1.29-2.12
PBIT / Share (Rs.) 11.93-6.98-0.59-1.29-2.12
PBT / Share (Rs.) 40.85-17.55-10.23-10.06-10.13
Net Profit / Share (Rs.) 40.85-17.56-10.22-10.10-10.14
NP After MI And SOA / Share (Rs.) 45.01-5.9721.28-33.49-35.74
PBDIT Margin (%) 238.85-244.35-23.62-147.26-112.48
PBIT Margin (%) 238.75-244.51-24.15-147.26-112.52
PBT Margin (%) 817.38-615.18-417.40-1149.47-537.28
Net Profit Margin (%) 817.39-615.45-417.37-1153.37-538.08
NP After MI And SOA Margin (%) 900.46-209.42868.69-3826.23-1895.90
Return on Networth / Equity (%) -67.780.00-20.180.000.00
Return on Capital Employeed (%) 43.74-88.31-17.864.6774.62
Return On Assets (%) 68.01-10.9335.10-54.63-56.67
Asset Turnover Ratio (%) 0.080.040.040.010.02
Current Ratio (X) 1.660.200.160.110.14
Quick Ratio (X) 1.620.090.040.010.01
Interest Coverage Ratio (X) 1.03-0.65-0.06-0.14-0.26
Interest Coverage Ratio (Post Tax) (X) 1.03-0.66-0.06-0.15-0.26
Enterprise Value (Cr.) -1.556.218.3113.878.53
EV / Net Operating Revenue (X) -0.624.356.7731.659.03
EV / EBITDA (X) -0.25-1.78-28.66-21.49-8.03
MarketCap / Net Operating Revenue (X) 11.715.706.8832.279.07
Price / BV (X) -0.88-0.14-0.15-0.22-0.18
Price / Net Operating Revenue (X) 11.715.706.8832.299.07
EarningsYield 0.76-0.361.26-1.19-2.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

IITL Projects Ltd. is a Public Limited Listed company incorporated on 26/10/1994 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L01110MH1994PLC082421 and registration number is 082421. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company's Total Operating Revenue is Rs. 0.21 Cr. and Equity Capital is Rs. 5.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringOffice No 101A, �The Capital�, G-Block, Plot No C-70, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Dr. Bidhubhusan SamalChairman
Mr. Bipin AgarwalNon Exe.Non Ind.Director
Mrs. Sujata ChattopadhyayIndependent Director
Mr. Shriram Surajmal KhandelwalIndependent Director
Mr. Shankar Narayan MokashiIndependent Director

FAQ

What is the intrinsic value of IITL Projects Ltd and is it undervalued?

As of 05 April 2026, IITL Projects Ltd's intrinsic value is ₹477.09, which is 1009.51% higher than the current market price of ₹43.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹2.12), dividend yield (0.00 %), and 5-year EPS CAGR.

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

IITL Projects Ltd is trading at ₹43.00 as of 05 April 2026, with a FY2026-2027 high of ₹73.9 and low of ₹36.0. The stock is currently near its 52-week low. Market cap stands at ₹21.5 Cr..

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

IITL Projects Ltd has a P/E ratio of 15.6, which is below the industry average of 36.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is IITL Projects Ltd financially healthy?

Key indicators for IITL Projects Ltd: ROCE of 16.6 % indicates efficient capital utilization; ROE of % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is IITL Projects Ltd profitable and how is the profit trend?

IITL Projects Ltd reported a net profit of ₹31 Cr in Mar 2025. Compared to ₹11 Cr in Mar 2022, the net profit shows an improving trend.

Does IITL Projects Ltd pay dividends?

IITL Projects Ltd has a dividend yield of 0.00 % at the current price of ₹43.00. 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 IITL Projects 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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