ITI Ltd

₹ 277 -5.07%

21 Nov 4:00 p.m.

About

ITI Limited is engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The Company focuses on offering telephone communication services. ^[1]

Key Points

Turnkey Projects (~78% of revenues)^[1]
Under this segment, the company is involved in various projects such as BharatNet, ASCON, Net for Spectrum, E-governance projects, FTTH Rollout for Bharti Airtel.^[2]

Website BSE NSE

Market Cap ₹ 26,626 Cr.
Current Price ₹ 277
High / Low ₹ 384 / 210
Stock P/E
Book Value ₹ 16.5
Dividend Yield 0.00 %
ROCE -8.43 %
ROE -27.8 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company's working capital requirements have reduced from 196 days to 15.1 days

Cons

Stock is trading at 17.2 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -5.41% over past five years.
Company has a low return on equity of -11.6% over last 3 years.
Company has high debtors of 705 days.

* 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: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

Part of BSE 250 SmallCap Index Nifty Smallcap 250 Nifty Smallcap 100 BSE CPSE BSE Allcap BSE Telecommunication BSE SmallCap BSE PSU BSE Teck Nifty 500 Nifty MidSmallcap 400 Nifty Total Market BSE 500 Nifty 500 Multicap 50:25:25 BSE 400 MidSmallCap Index

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	352	137	1,142	166	198	256	775	157	246	259	601	520	1,016
	359	175	944	230	246	291	781	206	299	302	775	533	1,025
Operating Profit	-7	-38	197	-64	-49	-35	-6	-49	-53	-43	-174	-13	-9
OPM %	-2%	-27%	17%	-38%	-25%	-14%	-1%	-31%	-21%	-17%	-29%	-2%	-1%
	10	7	226	22	10	10	10	13	10	13	9	-11	14
Interest	45	50	52	46	50	51	63	55	69	57	60	53	62
Depreciation	15	12	13	12	12	12	13	12	13	14	14	14	14
Profit before tax	-56	-93	357	-99	-100	-87	-73	-103	-126	-102	-239	-91	-70
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-56	-93	357	-99	-100	-87	-73	-103	-126	-102	-239	-91	-70
EPS in Rs	-0.60	-0.99	3.83	-1.06	-1.06	-0.92	-0.77	-1.07	-1.31	-1.06	-2.49	-0.95	-0.73
Raw PDF

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	TTM
	843	709	574	1,252	1,528	1,475	1,668	2,059	2,362	1,861	1,395	1,264	2,396
	1,132	953	785	1,424	1,633	1,394	1,769	1,913	2,311	1,752	1,549	1,582	2,635
Operating Profit	-289	-244	-210	-172	-105	81	-100	146	51	109	-154	-318	-238
OPM %	-34%	-34%	-37%	-14%	-7%	6%	-6%	7%	2%	6%	-11%	-25%	-10%
	210	39	86	594	541	327	336	184	161	255	53	43	24
Interest	85	122	157	157	153	153	106	141	160	192	210	241	232
Depreciation	18	17	15	13	17	25	37	42	42	51	50	53	55
Profit before tax	-182	-344	-297	251	266	231	93	147	11	120	-360	-569	-502
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-182	-344	-297	251	266	231	93	147	11	120	-360	-569	-502
EPS in Rs	-6.32	-11.95	-10.32	8.72	4.76	3.03	1.03	1.59	0.12	1.29	-3.79	-5.92	-5.23
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	6%
5 Years:	-5%
3 Years:	-19%
TTM:	67%

Compounded Profit Growth
10 Years:	-10%
5 Years:	%
3 Years:	%
TTM:	-22%

Stock Price CAGR
10 Years:	27%
5 Years:	28%
3 Years:	37%
1 Year:	7%

Return on Equity
10 Years:	-1%
5 Years:	-6%
3 Years:	-12%
Last Year:	-28%

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	Sep 2024
Equity Capital	288	288	288	288	560	760	897	925	934	934	950	961	961
Reserves	584	231	125	389	499	868	897	1,357	1,475	1,640	1,390	789	627
	908	1,176	1,521	1,439	1,524	1,226	1,259	1,216	1,465	1,613	1,877	1,796	1,701
	5,261	3,426	3,441	3,752	2,965	4,189	3,943	4,225	5,043	5,394	5,280	6,060	6,764
Total Liabilities	7,041	5,121	5,374	5,868	5,548	7,044	6,995	7,723	8,917	9,580	9,497	9,605	10,053
	2,486	2,453	2,423	2,458	2,506	2,620	2,695	2,693	2,702	2,729	2,752	2,732	2,730
CWIP	1	21	33	92	102	149	165	189	169	150	139	142	126
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	4,554	2,647	2,917	3,318	2,939	4,274	4,135	4,841	6,046	6,701	6,605	6,731	7,196
Total Assets	7,041	5,121	5,374	5,868	5,548	7,044	6,995	7,723	8,917	9,580	9,497	9,605	10,053

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
	-179	-127	-149	-319	-347	-109	22	-197	96	-436	-294	974
	-3	-19	-10	-104	-75	-96	-124	-75	-306	177	46	-556
	178	161	398	273	468	364	-19	285	198	247	241	-322
Net Cash Flow	-4	15	239	-150	45	158	-121	13	-12	-12	-6	96

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	1,466	1,001	1,170	500	525	762	581	490	394	536	635	705
Inventory Days	206	341	247	75	110	126	114	167	196	118	261	207
Days Payable	3,006	5,345	3,637	1,021	1,228	1,482	1,109	1,500	1,578	855	1,242	1,222
Cash Conversion Cycle	-1,334	-4,003	-2,220	-447	-594	-594	-414	-844	-988	-202	-345	-309
Working Capital Days	-275	-321	-399	-364	-73	-1	64	66	49	234	340	15
ROCE %	-15%	-13%	-8%	15%	18%	14%	7%	9%	5%	8%	-4%	-8%

Shareholding Pattern

Numbers in percentages

10 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	90.09%	90.00%	90.09%	90.09%	90.17%	90.17%	90.28%	90.28%	90.28%	90.00%	90.00%	90.00%
	0.02%	0.04%	0.05%	0.07%	0.07%	0.08%	0.08%	0.09%	0.10%	0.11%	0.06%	0.04%
	0.02%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.03%	0.03%
	7.74%	7.83%	7.76%	7.76%	7.70%	7.70%	7.61%	7.61%	7.61%	7.90%	7.90%	7.90%
	2.13%	2.12%	2.08%	2.06%	2.03%	2.03%	2.01%	1.99%	1.99%	1.97%	2.01%	2.02%
No. of Shareholders	77,413	77,915	78,017	77,024	75,489	75,886	74,754	80,144	97,979	1,00,321	1,07,468	1,05,144

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	94.86%	92.63%	90.00%	90.30%	90.09%	90.00%	90.17%	90.00%	90.00%
	0.05%	0.04%	0.00%	0.02%	0.02%	0.04%	0.08%	0.11%	0.04%
	0.22%	0.02%	0.04%	0.01%	0.00%	0.01%	0.01%	0.02%	0.03%
	1.53%	4.71%	7.75%	7.51%	7.74%	7.83%	7.70%	7.90%	7.90%
	3.34%	2.60%	2.22%	2.15%	2.14%	2.12%	2.03%	1.97%	2.02%
No. of Shareholders	34,165	49,115	53,043	60,665	75,986	77,915	75,886	1,00,321	1,05,144

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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ITI Ltd

ITI Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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