India Tourism Development Corporation Ltd
India Tourism Development Corporation Ltd is a Govt. of India undertaking and was established in October 1966, the company is running hotels, restaurants, providing transport facilities, engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to tourists. It has also diversified into consultancy, tourism, engineering projects, training/education in the tourism and hospitality sectors and event management. [1]
- Market Cap ₹ 7,416 Cr.
- Current Price ₹ 865
- High / Low ₹ 920 / 314
- Stock P/E 102
- Book Value ₹ 49.6
- Dividend Yield 0.25 %
- ROCE 28.2 %
- ROE 18.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 24.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.4%
- Debtor days have improved from 68.8 to 52.8 days.
Cons
- Stock is trading at 17.4 times its book value
- Company has a low return on equity of 12.9% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Hotels & Restaurants Industry: Hotels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
410 | 438 | 472 | 437 | 331 | 340 | 348 | 341 | 176 | 290 | 458 | 527 | |
429 | 451 | 457 | 415 | 319 | 363 | 327 | 319 | 219 | 288 | 382 | 425 | |
Operating Profit | -19 | -13 | 16 | 22 | 12 | -24 | 21 | 21 | -43 | 1 | 76 | 102 |
OPM % | -5% | -3% | 3% | 5% | 4% | -7% | 6% | 6% | -25% | 1% | 17% | 19% |
30 | 31 | 34 | 19 | 14 | 58 | 44 | 25 | 25 | 14 | 18 | 17 | |
Interest | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 3 |
Depreciation | 6 | 6 | 10 | 8 | 6 | 7 | 7 | 7 | 7 | 6 | 7 | 7 |
Profit before tax | 5 | 12 | 39 | 32 | 20 | 26 | 57 | 39 | -27 | 8 | 86 | 109 |
Tax % | 45% | 21% | 12% | 30% | 41% | 33% | 31% | 43% | -3% | 43% | 30% | 34% |
3 | 9 | 34 | 23 | 11 | 18 | 40 | 22 | -27 | 4 | 60 | 72 | |
EPS in Rs | 0.35 | 1.10 | 4.01 | 2.63 | 1.33 | 2.06 | 4.61 | 2.56 | -3.20 | 0.51 | 7.03 | 8.38 |
Dividend Payout % | 0% | 46% | 50% | 57% | 100% | 90% | 46% | 0% | 0% | 0% | 31% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 9% |
3 Years: | 44% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 24% |
3 Years: | 63% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 28% |
3 Years: | 30% |
1 Year: | 161% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 13% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 |
Reserves | 226 | 230 | 239 | 246 | 245 | 245 | 268 | 260 | 229 | 231 | 291 | 339 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
256 | 270 | 285 | 279 | 291 | 341 | 318 | 283 | 260 | 283 | 579 | 666 | |
Total Liabilities | 568 | 586 | 610 | 611 | 622 | 672 | 671 | 629 | 575 | 600 | 955 | 1,091 |
58 | 52 | 43 | 42 | 49 | 49 | 47 | 43 | 38 | 32 | 39 | 33 | |
CWIP | 1 | 3 | 4 | 5 | 10 | 1 | 3 | 3 | 3 | 8 | 0 | 1 |
Investments | 8 | 11 | 11 | 11 | 11 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
501 | 520 | 553 | 553 | 551 | 613 | 611 | 573 | 525 | 551 | 908 | 1,048 | |
Total Assets | 568 | 586 | 610 | 611 | 622 | 672 | 671 | 629 | 575 | 600 | 955 | 1,091 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-25 | 22 | -36 | 15 | -9 | 15 | -29 | 8 | -13 | 16 | -14 | 46 | |
23 | 18 | 19 | 15 | -1 | 12 | 23 | 12 | 11 | 5 | -4 | 3 | |
-5 | 0 | -5 | -21 | -14 | -14 | -19 | -22 | 0 | 0 | 0 | -19 | |
Net Cash Flow | -6 | 40 | -22 | 9 | -24 | 13 | -25 | -2 | -2 | 21 | -19 | 30 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 91 | 68 | 93 | 90 | 107 | 110 | 102 | 105 | 139 | 91 | 63 | 53 |
Inventory Days | 109 | 78 | 59 | 80 | 67 | 60 | 44 | 51 | 160 | 55 | 33 | 27 |
Days Payable | 532 | 265 | 253 | 315 | 342 | 334 | 273 | 286 | 678 | 343 | 302 | 192 |
Cash Conversion Cycle | -332 | -119 | -101 | -144 | -168 | -165 | -128 | -131 | -379 | -198 | -206 | -112 |
Working Capital Days | 16 | -19 | 9 | 3 | 10 | -13 | 15 | 52 | 65 | 48 | -107 | -156 |
ROCE % | 2% | 4% | 12% | 13% | 9% | -1% | 10% | 10% | -9% | 3% | 25% |
Documents
Announcements
- Closure of Trading Window 28 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Annual Secretarial Compliance Report for FY 2023-24 under Regulation 24A of SEBI LODR 2015.
- Submission Of Copy Of Newspaper Advertisement Regarding Publication Of Financial Results For Period Ending On 31.03.2024 13 May
- Statement Of Impact Of Audit Qualification 11 May
- Announcement under Regulation 30 (LODR)-Dividend Updates 11 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product & Services
The Company is running hotels, restaurants at various places for tourists, besides providing transport facilities. In addition, It is engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to the tourists.
It has diversified into new avenues/innovative services like Full-Fledged Money Changer services, engineering related consultancy services etc. The Ashok Institute of Hospitality & Tourism Management of the Corporation imparts training and education in the field of tourism and hospitality. [1]