ITI Ltd.

•

itiltd.inBSE: 523610NSE: ITI

Market Cap₹ 25,670 Cr.

Current Price

High / Low₹ 373 / 237

Stock P/E97.6

Book Value₹ 19

Price to Book15.77

Dividend Yield0.00 %

ROCE-0.3 %

ROE-14.3 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Telecommunication

Hold

Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.

Confidence

58%

View full sector analysis →

PROS

Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on equity of -19.4% over last 3 years
Company has a low return on capital employed of -4.1%
Interest coverage is weak at -0.0x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.45x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TelecommunicationTelecomTelecommunication - Equipment

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	ITI	267.15	97.53	25670.09	0.00	-32.25	49.30	425.03	-14.65	0.28	0.48
2.	BBOX	762.80	59.94	13547.27	0.13	55.92	17.90	1718.50	23.92	22.50	8.67
3.	SEDEMAC	2849.95	121.53	12588.37	0.00	333.10	—	3097.70	—	37.22	19.10
4.	TEJASNET	575.85	0.00	10253.89	0.00	-202.24	-4.32	402.16	99.11	-14.93	-24.96
5.	KRONECOMM	2337.30	47.71	1075.16	1.07	8.58	72.64	63.41	40.79	31.44	17.09
6.	KAVDEFENCE	63.44	0.00	381.43	0.00	-12.11	-1223.38	14.43	269.05	8.44	-103.12
7.	PUNJCOMMU	61.93	13.56	74.46	0.00	2.87	718.86	5.83	-12.56	-0.52	13.75
8.	SHYAMTEL	11.52	0.00	12.98	0.00	-19.94	-405.32	0.00	—	0.00	—
9.	UNIINFO	11.25	0.00	12.03	0.00	0.14	440.00	8.36	-1.42	-0.99	5.29

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	157	246	259	601	520	1,016	1,035	1,046	498	543	515	628	425
	206	299	302	775	533	1,025	1,045	1,074	505	545	489	739	466
Operating Profit	-49	-53	-43	-174	-13	-9	-11	-28	-7	-1	25	-111	-41
OPM %	-31.17%	-21.42%	-16.80%	-28.91%	-2.43%	-0.84%	-1.02%	-2.69%	-1.47%	-0.22%	4.92%	-17.71%	-9.58%
	13	10	13	9	-11	14	20	98	9	13	8	472	9
Interest	55	69	57	60	53	62	64	45	51	53	48	81	30
Depreciation	12	13	14	14	14	14	13	29	15	13	11	-95	13
Profit before Tax	-103	-126	-102	-239	-91	-70	-67	-5	-63	-54	-26	375	-32
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	-0.00%
Net Profit	-103	-126	-102	-239	-91	-70	-67	-5	-63	-54	-26	375	-32
	-1.08	-1.31	-1.06	-2.49	-0.95	-0.73	-0.70	-0.05	-0.65	-0.56	-0.27	3.90	-0.34

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,190	1,528	1,475	1,668	2,059	2,362	1,861	1,395	1,264	3,616	2,111
	1,366	1,633	1,394	1,769	1,913	2,311	1,752	1,549	1,583	3,677	2,238
Operating Profit	-176	-105	81	-100	146	51	109	-154	-320	-61	-128
OPM %	-14.76%	-6.88%	5.52%	-6.02%	7.08%	2.17%	5.84%	-11.00%	-25.30%	-1.68%	-6.05%
	597	541	327	345	184	161	255	53	45	121	502
Interest	157	153	153	115	141	160	192	210	241	224	211
Depreciation	13	17	25	37	42	42	51	49	53	69	-58
Profit before Tax	251	266	231	93	147	11	120	-360	-569	-233	263
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.00%	-0.00%	-0.00%	0.00%
Net Profit	251	266	231	93	147	11	120	-360	-569	-233	263
EPS	7.77	6.77	3.23	0.74	1.64	0.12	1.29	-3.81	-5.92	-2.43	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 20%
5 Years:: 12%
3 Years:: 25%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 25%
5 Years:: 17%
3 Years:: 21%
1 Year:: -15%

RETURN ON EQUITY

10 Years:: -4%
5 Years:: -11%
3 Years:: -19%
Last Year:: -14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	288	560	760	897	925	934	934	950	961	961
	197	499	731	842	1,357	1,475	1,568	1,283	789	552
	1,381	1,317	1,364	1,448	1,464	1,585	1,893	2,052	1,843	1,422
Trade Payables	1,875	1,976	2,262	1,805	1,921	1,885	1,690	1,377	1,580	3,270
	2,093	1,161	1,891	1,968	2,016	2,999	3,455	3,795	4,390	4,145
Total Liabilities	5,835	5,513	7,008	6,959	7,683	8,877	9,540	9,457	9,563	10,349
	2,458	2,479	2,584	2,627	2,625	2,635	2,661	2,684	2,664	2,522
Capital Work in Progress	92	102	149	165	189	169	150	139	142	19
	104	142	156	149	173	194	193	250	222	231
	0	0	0	0	0	0	0	0	2,455	3,991
Cash & Bank	121	166	325	204	245	548	306	215	836	422
	3,059	2,624	3,793	3,814	4,450	5,332	6,229	6,169	3,243	3,164
Total Assets	5,835	5,513	7,008	6,959	7,683	8,877	9,540	9,457	9,563	10,349

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-191	-352	-109	22	-198	96	-436	-294	974	-154
Cash from Investing	-104	-75	-96	-124	-75	-306	177	46	-543	669
Cash from Financing	273	468	364	-19	285	198	247	241	-322	-485
	-150	45	158	-121	13	-12	-12	-6	109	30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	90.00	90.00	90.00	90.00	90.02	90.02	90.02	90.02	90.02
	0.06	0.04	0.06	0.00	0.01	0.00	0.00	0.00	0.08
	0.03	0.03	0.04	0.05	0.04	0.05	0.05	0.08	0.06
	7.90	7.90	7.90	7.90	7.88	7.88	7.88	7.88	7.88
Public	2.01	2.03	2.00	2.05	2.04	2.04	2.04	2.03	1.94

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-19

General Updates

2026-08-19 - Intimation under Regulation 30 with respect to the RFP for the e-Auction of ITI Land Parcel at Krishnarajapuram, Bengaluru, Karnataka.

2026-08-18

Disclosure under SEBI Takeover Regulations

2026-08-18 - Kavitha L. Under Secretary to Government Finance Department has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-08-17

Copy of Newspaper Publication

2026-08-17 - ITI Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - ITI Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-11

News Verification

2026-08-11 - The Exchange has sought clarification from ITI Limited with respect to recent news item captioned ITI shares jump over 4% after pact with Airtel Business for digital solutions. The response from the Company is attached.

2026-08-11

Change in Director(s)

2026-08-11 - ITI Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-10

Press Release

2026-08-10 - ITI Limited has informed the Exchange regarding a press release dated August 10, 2026, titled " Airtel Business and ITI Limited enter into strategic partnership to accelerate India s digital transformation. ".

2026-08-10

News Verification

2026-08-10 - The Exchange has sought clarification from ITI Limited with respect to recent news item captioned ITI shares jump over 4% after pact with Airtel Business for digital solutions. The response from the Company is awaited.

2026-08-04

Credit Rating

2026-08-04 - ITI Limited has informed the Exchange about Credit Rating

News

Recent coverage and analyst commentary for ITI

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ITI Ltd.

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Name

ITI

267.15

97.53

25670.09

0.00

-32.25

49.30

425.03

-14.65

0.28

0.48

BBOX

762.80

59.94

13547.27

0.13

55.92

17.90

1718.50

23.92

22.50

8.67

SEDEMAC

2849.95

121.53

12588.37

0.00

333.10

—

3097.70

—

37.22

19.10

TEJASNET

575.85

0.00

10253.89

0.00

-202.24

-4.32

402.16

99.11

-14.93

-24.96

KRONECOMM

2337.30

47.71

1075.16

1.07

8.58

72.64

63.41

40.79

31.44

17.09

KAVDEFENCE

63.44

0.00

381.43

0.00

-12.11

-1223.38

14.43

269.05

8.44

-103.12

PUNJCOMMU

61.93

13.56

74.46

0.00

2.87

718.86

5.83

-12.56

-0.52

13.75

SHYAMTEL

11.52

0.00

12.98

0.00

-19.94

-405.32

0.00

—

0.00

—

UNIINFO

11.25

0.00

12.03

0.00

0.14

440.00

8.36

-1.42

-0.99

5.29

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

157

246

259

601

520

1,016

1,035

1,046

498

543

515

628

425

206

299

302

775

533

1,025

1,045

1,074

505

545

489

739

466

Operating Profit

-49

-53

-43

-174

-13

-9

-11

-28

-7

-1

-111

-41

OPM %

-31.17%

-21.42%

-16.80%

-28.91%

-2.43%

-0.84%

-1.02%

-2.69%

-1.47%

-0.22%

4.92%

-17.71%

-9.58%

-11

472

Interest

Depreciation

-95

Profit before Tax

-103

-126

-102

-239

-91

-70

-67

-5

-63

-54

-26

375

-32

Tax %

-0.00%

0.00%

-0.00%

Net Profit

-103

-126

-102

-239

-91

-70

-67

-5

-63

-54

-26

375

-32

-1.08

-1.31

-1.06

-2.49

-0.95

-0.73

-0.70

-0.05

-0.65

-0.56

-0.27

3.90

-0.34

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

1,190

1,528

1,475

1,668

2,059

2,362

1,861

1,395

1,264

3,616

2,111

1,366

1,633

1,394

1,769

1,913

2,311

1,752

1,549

1,583

3,677

2,238

Operating Profit

-176

-105

-100

146

109

-154

-320

-61

-128

OPM %

-14.76%

-6.88%

5.52%

-6.02%

7.08%

2.17%

5.84%

-11.00%

-25.30%

-1.68%

-6.05%

597

541

327

345

184

161

255

121

502

Interest

157

153

115

141

160

192

210

241

224

211

Depreciation

-58

Profit before Tax

251

266

231

147

120

-360

-569

-233

263

Tax %

0.00%

-0.00%

0.00%

Net Profit

251

266

231

147

120

-360

-569

-233

263

EPS

7.77

6.77

3.23

0.74

1.64

0.12

1.29

-3.81

-5.92

-2.43

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

288

560

760

897

925

934

950

961

197

499

731

842

1,357

1,475

1,568

1,283

789

552

1,381

1,317

1,364

1,448

1,464

1,585

1,893

2,052

1,843

1,422

Trade Payables

1,875

1,976

2,262

1,805

1,921

1,885

1,690

1,377

1,580

3,270

2,093

1,161

1,891

1,968

2,016

2,999

3,455

3,795

4,390

4,145

Total Liabilities

5,835

5,513

7,008

6,959

7,683

8,877

9,540

9,457

9,563

10,349

2,458

2,479

2,584

2,627

2,625

2,635

2,661

2,684

2,664

2,522

Capital Work in Progress

102

149

165

189

169

150

139

142

104

142

156

149

173

194

193

250

222

231

2,455

3,991

Cash & Bank

121

166

325

204

245

548

306

215

836

422

3,059

2,624

3,793

3,814

4,450

5,332

6,229

6,169

3,243

3,164

Total Assets

5,835

5,513

7,008

6,959

7,683

8,877

9,540

9,457

9,563

10,349

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-191

-352

-109

-198

-436

-294

974

-154

Cash from Investing

-104

-75

-96

-124

-75

-306

177

-543

669

Cash from Financing

273

468

364

-19

285

198

247

241

-322

-485

-150

158

-121

-12

-6

109

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

90.00

90.02

0.06

0.04

0.06

0.00

0.01

0.00

0.08

0.03

0.04

0.05

0.04

0.05

0.08

0.06

7.90

7.88

Public

2.01

2.03

2.00

2.05

2.04

2.03

1.94

ITI Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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ITI Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI