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India Tourism Development Corporation

ITDC NSE
₹624.00 No trade today
P/E
65.00
View as Markdown
MCP
Close 4 Nov 2026 ₹624.00 +26.90 +4.51% 1Y
Start ₹597.10

Key Fundamentals

MicrocapLeisure ServicesConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
29.90%
Debt to Equity
0.00
EPS (TTM)
₹9.60
Book Value
₹49.29
Market Cap
—
P/E (TTM)
65.00
P/B
12.66
ROE
21.00%
Dividend Yield
0.48%
EBITDA
₹121 Cr
52W High
₹822.00
52W Low
₹368.00
Volume
0

Peer Comparison

Consumer Discretionary › Leisure Services › Hotels & Resorts

India Tourism Development Corporation peer comparison
Indian Hotels Co
₹849.0056.34₹1,19,540 Cr8.860.39%14.20%17.10%₹9,987 Cr₹2,308 Cr
ITC Hotels
₹173.2941.66₹35,849 Cr3.080.58%7.89%11.20%₹4,260 Cr₹869 Cr
Leela Palaces Hotels & Resorts
₹663.4550.00₹21,595 Cr3.380.00%8.21%8.73%₹1,604 Cr₹444 Cr
EIH
₹299.7526.34₹18,651 Cr3.560.51%14.50%20.70%₹3,023 Cr₹741 Cr
Chalet Hotels
₹816.9033.87₹17,747 Cr4.840.25%19.00%17.00%₹2,387 Cr₹528 Cr
Ventive Hospitality
₹525.5025.60₹12,388 Cr2.230.00%8.33%10.80%₹2,496 Cr₹587 Cr
Lemon Tree Hotels
₹115.5739.04₹9,110 Cr6.580.00%19.20%14.10%₹1,473 Cr₹297 Cr
India Tourism Development Corporation (this company)
₹624.0065.00₹5,326 Cr12.660.48%21.00%29.90%₹535 Cr₹82 Cr
Median 8 companies₹574.7540.35₹18,199 Cr4.200.32%14.35%15.55%₹2,442 Cr₹558 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
24
Poor
Cheap vs sector & own history 24% weight
Growth
7
Poor
Sales & profit trajectory 9% weight
Financial Health
90
Strong
Solvency, leverage, coverage 9% weight
Momentum
48
Average
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.7%

Weaknesses

2
  • Stock is trading at 13.4 times its book value
  • Earnings include an other income of Rs.31.0 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish973
OscillatorsBearish270
Moving AveragesStrong Bearish703

Key readings

RSI (14)
45.39
Neutral
MACD (12,26,9)
−15.91
Bearish
SMA (50)
652.83
Bearish
SMA (200)
598.65
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+1.51%
5Y+24.67%
3Y+4.73%
1Y−6.65%
TTM−7.19%

Net profit

Net profit growth by window
10Y+16.37%
5YTurned to profit
3Y+11.60%
1Y+2.50%
TTM+4.02%

Operating cash flow

Operating cash flow growth by window
10Y+18.34%
5YTurned positive
3YTurned positive
1Y+32.08%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+13.15 pp
5Y+41.93 pp
3Y+0.91 pp
1Y+2.36 pp
TTM+1.94 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹349 Cr
Mar 2018₹346 Cr
Mar 2019₹354 Cr
Mar 2020₹347 Cr
Mar 2021₹177 Cr
Mar 2022₹294 Cr
Mar 2023₹464 Cr
Mar 2024₹509 Cr
Mar 2025₹571 Cr
Mar 2026₹533 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹9.00 Cr
Mar 2018₹14.00 Cr
Mar 2019₹38.00 Cr
Mar 2020₹19.00 Cr
Mar 2021−₹37.00 Cr
Mar 2022₹4.00 Cr
Mar 2023₹59.00 Cr
Mar 2024₹64.00 Cr
Mar 2025₹80.00 Cr
Mar 2026₹82.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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 7
  • 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
  • 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

121d ago

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.

Headwinds 1
  • 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.

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.

Quarterly Results

₹ Cr
ITDC quarterly results, ₹ crore
Particulars 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
4.49
3.06
4.66
5.69
3.56
6.08
6.66
4.4
5.54
6.46
7.67
9.84
7.02
Interest
0.2
0.23
0.2
2.6
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
24.96
25
25.36
26.17
9.64
24.32
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
23.83
20.64
24.82
9.74
16.35
28.01
28.27
9.39
EPS (₹)
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

Profit & Loss

₹ Cr
ITDC profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
492
459
349
346
354
347
177
294
464
509
571
533
535
Expenses
478
441
340
372
335
329
222
292
388
415
487
442
445
Operating Profit
14
18
9
−27
19
18
−44
2
75
94
84
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
29.92
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
97
112
113
Tax %
12%
36%
49%
38%
32%
47%
2%
46%
31%
37%
18%
26%
—
Net Profit
32
18
9
14
38
19
−37
4
59
64
80
82
82
EPS (₹)
3.71
2.08
0.87
1.35
4.58
2.37
−4.06
0.49
6.9
7.53
9.37
9.64
9.6
Div. Payout %
54%
72%
153%
137%
46%
0%
0%
0%
32%
33%
31%
31%
—

Balance Sheet

₹ Cr
ITDC balance sheet, annual, ₹ crore
Particulars 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
277
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
384
339
Total Liabilities
614
610
618
667
663
619
563
584
934
1,015
747
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
9
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
700
712
Total Assets
614
610
618
667
663
619
563
584
934
1,015
747
762

Cash Flow

₹ Cr
ITDC cash flow, annual, ₹ crore
Particulars 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/EBITDA
−252
127
60
−93
−99
98
3
738
−8
8
76
90

Ratios

ITDC financial ratios, annual
Particulars 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
201
Days Payable
248
305
332
334
272
673
1,119
721
767
937
1,465
884
Cash Conversion Cycle
−100
−139
−164
−165
−129
−449
−715
−516
−619
−748
−1,168
−607
Working Capital Days
−9
−18
−19
−38
−12
22
−16
−3
−141
−244
40
31
ROCE %
11%
12%
9%
−2%
11%
10%
−12%
3%
28%
34%
30%
30%

Insights

Beta

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

Log in to view India Tourism Development Corporation insights

66 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 87.03%
  • Others 8.23%
  • Public 2.95%
  • DIIs 1.78%
  • FIIs 0.02%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about India Tourism Development Corporation

What does India Tourism Development Corporation Ltd do?
India Tourism Development Corporation Ltd is a Mini Ratna CPSE under the Ministry of Tourism, with the President of India holding 87.03%. It operates hotels and government catering establishments and provides event management, tours and travel through Ashok Travels & Tours, duty-free retail…
Where is India Tourism Development Corporation Ltd (ITDC) listed?
India Tourism Development Corporation Ltd trades as ITDC on the NSE and under code 532189 on the BSE.
Which sector does India Tourism Development Corporation Ltd belong to?
India Tourism Development Corporation Ltd is classified under the Leisure Services sector, in the Hotels & Resorts industry.
What is the PE ratio of India Tourism Development Corporation Ltd?
India Tourism Development Corporation Ltd trades at a PE ratio of 65.00 as of 4 Nov 2026, on earnings per share of ₹9.6, against a book value of ₹49.29 per share.
What is the 52-week high and low of India Tourism Development Corporation Ltd?
Over the last 52 weeks India Tourism Development Corporation Ltd has traded between ₹368 and ₹822 as of 4 Nov 2026.
Does India Tourism Development Corporation Ltd pay dividends?
India Tourism Development Corporation Ltd has a dividend yield of 0.48%.
What is the Return on Equity (ROE) of India Tourism Development Corporation Ltd?
India Tourism Development Corporation Ltd reported a return on equity of 21.00%. Its debt-to-equity ratio is 0.00.

Company Information

India Tourism Development Corporation Ltd is a Mini Ratna CPSE under the Ministry of Tourism, with the President of India holding 87.03%. It operates hotels and government catering establishments and provides event management, tours and travel through Ashok Travels & Tours, duty-free retail, engineering consultancy and hospitality training services.

Website itdc.co.in
CEO Mr. Lokesh Kumar Agarwal
Employees 421
Listed 30 Dec 2016
Face Value ₹10

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