India Tourism Development Corporation Ltd logo

India Tourism Development Corporation Ltd

ITDC NSE

Key Fundamentals

MicrocapHotels & ResortsLeisure Services
Market Cap
₹5,970 Cr
Volatility
Moderate
P/E Ratio
72.18
EBITDA
₹90.96 Cr
Return on Equity
23.09%
Debt to Equity
0
Book Value
₹49.29
EPS
₹7.66
52W High
₹822
52W Low
₹368

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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29 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.6%

Weaknesses

2
  • Stock is trading at 14.2 times its book value
  • Earnings include an other income of Rs.31.0 Cr.

Growth Rate

Revenue Growth
-9.87% ↗
Net Income Growth
-1.14% ↗
Cash Flow Change
1799.04% ↗
ROE
4.95% ↗
ROCE
-20.69% ↗
EBITDA Margin (Avg.)
-10.17% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

India Tourism Development Corporation Ltd operates in the consumer discretionary/hospitality sector with a market cap of ₹5,043 Cr, trading at a PE of 61.2x and PB of 11.92x. The company is virtually debt-free with a 3-year ROE of 22%, but TTM sales have declined 7% while profit growth has moderated to 3% TTM.

Bull Case 8
  • Company is almost debt-free, providing financial flexibility and minimal interest burden in a capital-intensive hospitality sector
  • 3-year ROE of 22% and 5-year ROE of 18% indicate consistent and efficient capital utilization well above cost of equity
  • Compounded profit CAGR of 34% over 5 years demonstrates strong earnings recovery and operational leverage post-pandemic
  • Healthy dividend payout of 31.5% signals shareholder-friendly capital allocation and earnings confidence
  • 10-year compounded profit CAGR of 14% shows sustained long-term earnings growth through multiple cycles
  • Last year ROE of 21% remains robust, suggesting the high return profile is not deteriorating significantly
  • 5-year compounded sales CAGR of 25% reflects strong revenue recovery from COVID lows and growing tourism demand in India
  • 3-year stock CAGR of 21% indicates sustained market confidence in the company's turnaround trajectory
Bear Case 8
  • PE ratio of 61.2x is significantly elevated for a hospitality company, pricing in substantial future growth that may not materialize
  • TTM sales growth of -7% signals a revenue contraction, raising concerns about demand sustainability or asset monetization challenges
  • Stock trades at 11.92x book value, far above sector norms, leaving limited margin of safety for investors
  • TTM profit growth has decelerated sharply to just 3% from the 3-year CAGR of 12%, suggesting earnings momentum is fading
  • 10-year sales CAGR of only 2% reveals structurally low top-line growth over a full business cycle
  • 1-year stock return of -5% indicates the market is already repricing the slowdown in fundamentals
  • 10-year ROE of just 10% highlights that the recent high returns may be cyclical rather than structural
  • Dividend yield of only 0.49% offers minimal income cushion despite the 31.5% payout ratio, reflecting the elevated stock price

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Headwinds 2
  • Sharp 10% single-day drop Jun 8

    ITDC shares fell 10.1% to ₹594.80 from ₹663.00, with market cap at ₹5,317.70 crore. Stock trading near 52-week low of ₹368 rather than the high of ₹714.05.

  • Elevated valuation multiples Jun 8

    P/E ratio stands at 64.30 and P/B at 13.53 as of June 8, 2026, suggesting rich valuations that leave limited margin of safety on any earnings miss.

Positives 2
  • Outperforms hospitality peers yearly Jun 8

    ITDC declined only 0.30% over the past year vs Indian Hotels (-15.72%) and ITC Hotels (-30.68%), showing relative strength within the sector.

  • Strong 5-year relative performance Jun 8

    Over 5 years ITDC outperformed Indian Hotels (36.66%) and ITC Hotels (-3.30%), reflecting sustained long-term investor preference.

Neutral 3
  • Trading window closed for Q1 Jun 23

    ITDC shut its trading window from July 1 until 48 hours after Q1FY27 results, expected by August 14, 2026.

  • New Independent Director appointed Jun 18

    Malay Kumar Singha appointed as Independent Director effective June 18, 2026 for a three-year term.

  • Stable promoter and DII holding Jun 8

    Promoter holding unchanged, DII at 1.78%, FII marginally up to 0.02%, and public holding at 11.17% vs prior quarter.

TL;DR: ITDC is holding up better than hospitality peers on a relative basis but suffered a sharp 10% single-session decline on June 8, bringing the price closer to its 52-week low. Valuations remain stretched at 64x P/E on ₹527 crore revenue, leaving the stock vulnerable if Q1FY27 earnings disappoint. The upcoming results by mid-August will be a key catalyst — until then, the closed trading window limits insider activity and the trend appears to be deteriorating in the near term.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
118
131
135
141
84.91
146
144
200
87.75
118
185
142
90.1
Expenses
95.83
107
112
116
77.1
126
118
168
78.77
99.39
152
112
81.77
Operating Profit
22.34
23.96
22.64
24.57
7.81
20.02
25.4
32.2
8.98
19.1
32.83
30.49
8.33
OPM %
18.9%
18.29%
16.78%
17.42%
9.2%
13.75%
17.7%
16.1%
10.23%
16.12%
17.77%
21.47%
9.25%
Other Income
4.45
2.92
4.62
5.69
3.5
5.89
6.66
4.4
5.54
6.46
7.67
9.82
7.02
Interest
0.2
0.23
0.2
2.61
0.14
0.16
0.33
0.37
0.4
0.37
0.43
0.56
0.19
Depreciation
1.67
1.79
1.74
1.48
1.59
1.61
1.82
1.61
1.71
1.73
1.79
1.82
1.6
PBT
24.92
24.86
25.32
26.17
9.58
24.14
29.91
34.62
12.41
23.46
38.28
37.93
13.56
Tax %
30.82%
23.69%
29.3%
61.98%
-22.34%
2.03%
30.99%
28.31%
21.43%
30.31%
26.83%
25.44%
30.75%
Net Profit
17.41
19.18
18.03
9.94
11.82
23.65
20.64
24.82
9.74
16.35
28.01
28.27
9.39
EPS in Rs
2.03
2.24
2.1
1.16
1.38
2.78
2.42
2.93
1.15
1.92
3.27
3.3
1.11
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
492
459
349
346
354
347
177
294
464
509
570
533
535
Expenses
478
441
340
372
335
329
222
292
388
415
485
442
445
Operating Profit
14
18
9
-27
19
18
-44
2
75
94
85
91
91
OPM %
2.8%
3.9%
2.5%
-8%
5%
5%
-25%
0.7%
16%
18%
15%
17%
17%
Other Income
34
19
16
58
44
25
16
13
17
18
20
29
31
Interest
0
1
1
1
1
1
1
1
1
3
1
2
2
Depreciation
11
9
7
7
7
8
7
7
7
7
7
7
7
PBT
36
27
17
23
55
35
-36
7
84
101
98
112
113
Tax %
12%
36%
49%
38%
32%
47%
2%
46%
31%
37%
18%
27%
—
Net Profit
32
18
9
14
38
19
-37
4
59
64
81
82
82
EPS in Rs
3.71
2.08
0.87
1.35
4.58
2.37
-4.06
0.49
6.9
7.53
9.51
9.59
9.6
Div. Payout %
54%
72%
153%
137%
46%
0%
0%
0%
32%
33%
30%
31%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
86
86
86
86
86
86
86
86
86
86
86
86
Reserves
214
216
221
222
243
234
195
198
256
220
278
337
Borrowings
4
4
5
1
1
1
1
1
1
1
1
1
Other Liabilities
311
304
307
359
332
298
281
300
591
708
382
339
Total Liabilities
614
610
618
667
663
619
563
584
934
1,015
746
762
Fixed Assets
52
51
57
57
55
51
45
40
46
40
42
42
CWIP
7
8
13
4
6
6
6
11
3
4
6
8
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
556
551
547
606
602
562
511
534
885
970
699
712
Total Assets
614
610
618
667
663
619
563
584
934
1,015
746
762
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-38
13
-7
15
-29
8
-13
16
-12
-3
53
70
Investing
20
15
-1
7
23
12
11
5
-3
50
-4
-73
Financing
-5
-21
-15
-9
-20
-22
0
0
0
-19
-22
-25
Net Cash Flow
-24
7
-23
13
-25
-2
-2
21
-15
28
27
-28
Free Cash Flow
-45
3
-28
-1
-24
3
-17
10
-25
-5
43
60
CFO/OP
-252
127
60
-93
-99
98
3
738
-8
8
75
91
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
89
86
102
108
100
102
136
88
62
54
77
76
Inventory Days
59
79
66
60
44
122
268
117
86
134
220
36
Days Payable
248
305
332
334
272
673
1,119
721
767
937
1,452
159
Cash Conversion Cycle
-100
-139
-164
-165
-129
-449
-715
-516
-619
-748
-1,155
-47
Working Capital Days
-9
-18
-19
-38
-12
22
-16
-3
-141
-244
41
31
ROCE %
11%
12%
9%
-2%
11%
10%
-12%
3%
28%
34%
31%
30%

Shareholding Pattern

As of Jun 2026
Promoters 87.03%
Others 8.26%
Public 2.90%
DIIs 1.78%
FIIs 0.03%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
87.03%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.00%
0.10%
0.01%
0.00%
0.01%
0.00%
0.00%
0.01%
0.00%
0.02%
0.03%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.62%
2.26%
2.21%
2.01%
1.99%
1.87%
1.79%
1.80%
1.80%
1.80%
1.78%
1.78%
1.78%
1.78%
1.78%
1.78%
Government
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%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
2.08%
2.11%
2.13%
2.15%
2.19%
2.26%
2.18%
2.48%
2.51%
2.68%
2.67%
2.81%
2.82%
2.79%
2.96%
2.95%
2.94%
2.96%
2.94%
2.95%
2.93%
2.90%
Others
10.89%
10.86%
10.84%
10.82%
10.79%
10.71%
8.17%
8.23%
8.26%
8.28%
8.29%
8.30%
8.27%
8.37%
8.21%
8.22%
8.25%
8.23%
8.24%
8.24%
8.24%
8.26%
No. of Shareholders
16,091
17,107
17,572
17,217
17,539
17,609
17,025
17,601
17,494
17,656
18,482
19,494
28,131
28,158
30,403
30,208
31,151
30,884
30,743
30,101
30,734
32,454

Documents

Frequently Asked Questions about India Tourism Development Corporation Ltd

What does India Tourism Development Corporation Ltd do?
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 d...
Where is India Tourism Development Corporation Ltd (ITDC) listed?
India Tourism Development Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: ITDC and BSE: 532189. You can view its live share price, financials, and ratios on Tapetide.
Which sector does India Tourism Development Corporation Ltd belong to?
India Tourism Development Corporation Ltd operates in the Leisure Services sector within the Hotels & Resorts industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of India Tourism Development Corporation Ltd?
India Tourism Development Corporation Ltd has a market capitalisation of approximately ₹5969.98 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of India Tourism Development Corporation Ltd?
The Price-to-Earnings (PE) ratio of India Tourism Development Corporation Ltd is 72.18. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of India Tourism Development Corporation Ltd?
Over the past 52 weeks, India Tourism Development Corporation Ltd has traded between a low of ₹368 and a high of ₹822. This range helps investors understand the stock's price volatility and recent trading levels.
Does India Tourism Development Corporation Ltd pay dividends?
Yes, India Tourism Development Corporation Ltd has a dividend yield of 0.42%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of India Tourism Development Corporation Ltd?
India Tourism Development Corporation Ltd has a Return on Equity (ROE) of 23.09%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research India Tourism Development Corporation Ltd on Tapetide?
On Tapetide, you can view India Tourism Development Corporation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website theashokgroup.com
CEO Mr. Lokesh Kumar Agarwal
Employees 421
Listed 2016-12-30
Face Value ₹ 10
Issued Size 8,57,69,400

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