ITI Limited (Indian Teleph.Ind.Ltd)
₹215.85-₹5.80 (-2.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹29,411 Cr
- EV / EBITDA
- -108.6x
- Revenue
- ₹3,616 Cr
- Net margin
- -45.0%
- ROCE
- -9.0%
Price chart
Technical chartScreen technicals →-34.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.5%
- 3M
- -21.1%
- 6M
- -27.8%
- 1Y
- -34.4%
- 5Y
- +80.3%
52-week range
Day change -₹5.80 (-2.6%) from ₹222 to ₹216 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ITI, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Revenue grew 186.1% YoY
Concerns1
- Company is not currently profitable
Rule-based from financial data. Not advice.
About the company
ITI Limited engages in the manufacture, sale, and servicing of telecommunication equipment and building communication network infrastructures in India. The company's telecom products and solutions include switching, transmission, access, and subscriber premises equipment.
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ITI Limited engages in the manufacture, sale, and servicing of telecommunication equipment and building communication network infrastructures in India. The company's telecom products and solutions include switching, transmission, access, and subscriber premises equipment. It also offers 4G radio equipment, and defence electronics products and systems; encryptors for defence; and other telecom products, including laptops /smaash PCs, solar panels/ modules/ power packs, optical fiber cable, HDPE, ONT, OLT, ODC, and telephones and smart cards. In addition, the company is involved in contract manufacturing of water pipes, 4G RAN Equipment, Tablet PC, etc. Further, it provides optical fiber cable, solar panel, HDPE manufacturing; smart energy meters; surface mount technology assembly; 3D printing; military telephones; SARAL tablet; GPON; data center; and operates VSSC component screening and telecom testing center. Additionally, the company builds communication networks using internet protocol/multi-protocol label switching technology, optical fibre cable, microwave radio, and satellite communication channels; provides customized support; and engages in turnkey contracts/solutions. ITI Limited was founded in 1948 and is based in Bengaluru, India.
- Sector
- Technology
- Shares outstanding
- 96.4 Cr shares
- ISIN
- INE248A01017
- BSE code
- 523610
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹29,411 Cr
- P/B
- 20.2x
- EV / EBITDA
- -108.6x
- EV / Sales
- 23.6x
- P/S
- 23.3x
- 52-week high
- ₹336.35
- 52-week low
- ₹215.45
Profitability
- Operating margin
- -25.2%
- Net margin
- -45.0%
- EBITDA margin
- -21.8%
- ROE
- -32.5%
- ROCE
- -9.0%
- ROA
- -5.9%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- -7.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,616 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 186.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -9.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹275 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -172.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -59.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹974 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -431.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹30.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.1%
Solvency and efficiency
- Current ratio
- 1.11
- Debt / Equity
- 1.03
- Debt / Assets
- 0.19
- Debt / EBITDA
- -6.55
- Financial leverage
- 5.49
- CFO / Net profit
- -1.71
- Cash / Market cap
- 22.9%
- Cash per share
- ₹69.79
- Asset turnover
- 0.13
- Fixed asset turnover
- 0.46
- Capital intensity
- 2.16
- Debtor days
- 709 days
- Inventory turnover
- 1.70
- Cash conversion cycle
- -361 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹3,616 Cr |
| Expenses | ₹3,676 Cr |
| Operating profit | -₹60 Cr |
| Other income | ₹120 Cr |
| Interest | ₹224 Cr |
| Depreciation | ₹69 Cr |
| Profit before tax | -₹233 Cr |
| Tax and other | ₹0 Cr |
| Net profit | -₹233 Cr |
Revenue and net profit
Revenue grew 186.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,362 Cr | ₹11 Cr |
| FY2022 | ₹1,861 Cr | ₹120 Cr |
| FY2023 | ₹1,395 Cr | -₹360 Cr |
| FY2024 | ₹1,264 Cr | -₹569 Cr |
| FY2025 | ₹3,616 Cr | -₹233 Cr |
Cash flows
FY2025: -₹154 Cr from operations, ₹515 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹96 Cr | -₹210 Cr |
| FY2022 | -₹436 Cr | -₹259 Cr |
| FY2023 | -₹294 Cr | -₹248 Cr |
| FY2024 | ₹974 Cr | ₹431 Cr |
| FY2025 | -₹154 Cr | ₹515 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹3,616 Cr+186.1%1Y
- Net profit
- -₹233 Cr
- Cash from operations
- -₹154 Cr
- Free cash flow
- ₹515 Cr+19.5%1Y
- Revenue CAGR, 5Y
- -9.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹3,616 Cr | -₹60 Cr | — | -₹233 Cr | -₹154 Cr | ₹515 Cr | -14.8% | +186.1% | -59.1% |
Monthly returns
Month-by-month returns of ITI across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹10,392 Cr |
| Equity capital | ₹961 Cr |
| Reserves | ₹611 Cr |
| Borrowings | ₹1,481 Cr |
| Other liabilities | ₹7,340 Cr |
| Assets | ₹10,392 Cr |
| Fixed assets | ₹2,710 Cr |
| Capital work in progress | ₹19 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹7,664 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ITI has no positive P/E; the peer median is 52.1x.
Not shown (no positive earnings and no EV / Sales): ITI Limited (Indian Teleph.Ind.Ltd).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| ITI Limited (Indian Teleph.Ind.Ltd)ITIthis company | ₹29,411 Cr | — | 20.2x | -32.5% | -108.6x |
| Hexaware Technologies LimitedHEXT | ₹44,916 Cr | 43.4x | 13.2x | — | — |
| Endurance Technologies LimitedENDURANCE | ₹36,420 Cr | 52.2x | 8.0x | 15.4% | 34.2x |
| Tata Elxsi LtdTATAELXSI | ₹36,075 Cr | 53.8x | 13.3x | 31.6% | 30.6x |
| KPIT Technologies LtdKPITTECH | ₹32,171 Cr | 54.3x | 16.5x | 20.4% | 57.7x |
| INVENTURUS KNOWLEDGE SOLUTIONS LIMITEDIKS | ₹29,123 Cr | 67.1x | 19.7x | 40.7% | 68.5x |
| Tata Technologies LimitedTATATECH | ₹26,795 Cr | 40.6x | 16.8x | 57.0% | 29.4x |
| AFFLE 3I LIMITEDAFFLE | ₹24,384 Cr | 204.0x | 12.5x | 4.4% | 219.3x |
| Sagility LimitedSAGILITY | ₹23,762 Cr | 59.5x | 2.3x | 0.8% | 46.6x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
ITI since 1 January, against earlier years.
Historical volatility
ITI's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 2.0% |
| FY2022 | 6.0% |
| FY2023 | -11.0% |
| FY2024 | -25.0% |
| FY2025 | -2.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹3,616 Cr |
| Costs | |
| Interest | ₹224 Cr |
| Expenses | ₹3,676 Cr |
| Operating profitOperating Profit | -₹60 Cr |
| Other income and charges | |
| Profit before tax | -₹233 Cr |
| Tax | |
| Net profitNet Profit | -₹233 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹10,392 Cr |
| Equity capitalEquity Capital | ₹961 Cr |
| Reserves | ₹611 Cr |
| Borrowings | ₹1,481 Cr |
| Other liabilitiesOther Liabilities | ₹7,340 Cr |
| AssetsTotal Assets | ₹10,392 Cr |
| Fixed assetsFixed Assets | ₹2,710 Cr |
| Capital work in progressCWIP | ₹19 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹7,664 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹154 Cr |
| Investing cash flowCash from Investing Activity | ₹669 Cr |
| Financing cash flowCash from Financing Activity | -₹485 Cr |
| Change in cashNet Cash Flow | ₹30 Cr |
Learn while you research
Academy chapters picked for ITI Limited (Indian Teleph.Ind.Ltd) and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing186% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read