Is The Investment Trust of India a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that The Investment Trust of India Ltd is a below average quality company .

Is The Investment Trust of India undervalued or overvalued?

The key valuation ratios of The Investment Trust of India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is The Investment Trust of India share price return in the past 10 years?

The Investment Trust of India Ltd share price has appreciated 9.7% annually (CAGR) over the past ten years.

Is The Investment Trust of India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of The Investment Trust of India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of The Investment Trust of India?

The latest standalone P/E ratio of The Investment Trust of India as of 24-Apr-2024 is 60.64.

What is the P/B ratio of The Investment Trust of India?

The latest standalone P/B ratio of The Investment Trust of India as of 24-Apr-2024 is 1.66.

What is the 52-week high and low of The Investment Trust of India?

The 52-week high of The Investment Trust of India is Rs. 170.85 and the 52-week low is Rs. 71.50.

The Investment Trust of India Ltd - Stock Valuation and Financial Performance

Name: The Investment Trust of India
Brand: The Investment Trust of India

BSE: 530023 | NSE: THEINVEST | Finance - NBFC | Small Cap

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The Investment Trust Share Price

₹147.10 -3.25 -2.16%
as on 24-Apr'24 16:01

10 Year X-Ray of The Investment Trust:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Operating Income (₹ Cr.)	4	1.6	3.3	12.3	114	378	186	76.5	115	97.4	55
YoY Gr. Rt. %	-	-60.4%	103.1%	278.2%	830.8%	230.8%	-51%	-58.7%	50.3%	-15.3%	-
Adj EPS (₹ )	-0.2	0	0	0	-3.5	1.1	-1.1	-0.6	0.2	1.3	2.4
YoY Gr. Rt. %	-	NA	NA	0%	-8900%	NA	-198.2%	NA	NA	600%	-
BVPS (₹ )	60.9	60.1	75.9	82.7	79.3	83.6	83.3	82.8	83.3	86.3	88.3
YoY Gr. Rt. %	-	-1.4%	26.4%	9%	-4.2%	5.4%	-0.3%	-0.7%	0.7%	3.6%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	-0.2	0	0.1	0	-2.6	0.9	-1	-0.5	0.2	1.4	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	42.4%	-3.2%	-19.3%	-15.3%
Adj EPS	NA	NA	NA	600%
BVPS	3.9%	1.7%	1.2%	3.6%
Share Price	9.7%	-3.6%	18.5%	104.4%

Key Financial Ratios


RATIOS \ YEARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Asset Quality Ratio	To view Asset Quality Ratio Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0	0	0	0	0	0	0	0	0	0	-
Capitalization Ratio	To view Capitalization Ratio Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	0	0	0	0	0	0	0	0	0	0	-
Margins
Net Profit Margin (%)	-6	1.1	3.4	1.6	-15.7	1.5	-3	-3.7	0.8	7.1	22.9
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	-0.2	0	0.1	0.1	-4.4	1.4	-1.3	-0.7	0.2	1.6	2.7

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.80%

Total income growth is good in last 4 quarters

Total Income has declined -48.79 CAGR in last 3 years

Net Profit has declined 0.00 CAGR in last 3 years

Latest Financials - The Investment Trust of India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.4	5.4
TTM Sales (₹ Cr.)	55.2	280
BVPS (₹.) ⓘ	88.3	124.6
Reserves (₹ Cr.) ⓘ	409	599
P/BV ⓘ	1.66	1.18
PE ⓘ	60.64	27.31

From the Market
52 Week Low / High (₹)	71.50 / 170.85
All Time Low / High (₹)	0.57 / 410.00
Market Cap (₹ Cr.)	767
Equity (₹ Cr.)	52.2
Face Value (₹)	10
Industry PE ⓘ	32.2

Management X-Ray of The Investment Trust:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of The Investment Trust

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of The Investment Trust

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Income	8	5	4	19	127	384	191	86	124	111
Interest Income	4	2	3	12	114	378	186	77	115	97
Other Income ⓘ	4	4	0	7	13	6	5	10	9	13
Expenditure ⓘ	8	5	4	19	146	382	199	90	124	104
Interest Expense ⓘ	4	2	0	4	34	48	12	15	14	6
Operating Expenses ⓘ	4	3	4	13	111	331	187	74	109	98
Provisions	0	0	0	2	1	2	0	1	1	0
Exceptional Items ⓘ	0	0	1	1	0	0	0	0	0	0
Profit Before Tax ⓘ	0	0	0	0	-18	2	-8	-4	0	7
Taxes ⓘ	0	0	0	0	0	-3	-3	-1	-1	0
Profit After Tax	0	0	0	0	-18	6	-6	-3	1	7
Adjusted EPS (₹)	-0.2	0.0	0.0	0.0	-3.5	1.1	-1.1	-0.6	0.2	1.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Equity Capital	99	215	215	422	405	428	432	430	431	453
Share Capital ⓘ	13	28	28	51	51	51	52	52	52	52
Reserves ⓘ	86	187	187	371	354	377	381	379	380	401
Minority Interest	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	0	0	0	0	319	-12	25	16	23	0
Current Liabilities	31	1	7	255	7	118	123	133	36	57
Trade Payables	0	0	0	0	3	12	5	1	1	2
Short term borrowings	28	0	6	197	0	18	103	107	27	46
Other Liabilities	32	0	-6	-197	-3	-30	-108	-109	-29	-48
Total Liabilities ⓘ	189	216	223	678	730	534	581	579	491	510
Assets
Non Current Asset	118	200	210	646	651	377	506	518	455	484
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	118	200	210	646	651	377	506	518	455	484
Current Asset	72	15	12	31	80	157	75	61	36	26
Current Investment	0	0	0	0	0	0	0	0	0	0
Other Current Asset	72	15	12	31	80	157	75	61	36	26
Total Assets ⓘ	189	216	223	678	730	534	581	579	491	510

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-61	49	4	36	-92	51	9	37	19	27
Cash Flow From Investing Activity ⓘ	-11	-75	-10	-427	8	280	-77	-22	75	-34
Cash Flow From Financing Activity ⓘ	73	26	6	391	85	-331	66	-14	-96	7
Net Cash Flow ⓘ	0	0	0	0	1	0	-1	1	-2	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Operational & Financial Ratios
EPS (₹)	0	0	0	0	-4	1	-1	-1	0	1
DPS (₹)	0	0	0	0	0	0	0	0	0	0
BVPS (₹)	77	76	76	83	79	84	83	83	83	86
Performance Ratios
ROA (%)	-0.2	0.0	0.1	0.0	-2.6	0.9	-1.0	-0.5	0.2	1.4
ROE (%)	-0.2	0.0	0.1	0.1	-4.4	1.4	-1.3	-0.7	0.2	1.6
ROCE (%)	2.5	1.0	0.2	1.0	2.3	8.7	0.7	2.0	2.8	2.6
Valuation Parameters
Price/Book(x)	1.0	3.1	1.7	3.7	2.7	2.2	0.7	1.1	1.4	0.8

The Investment Trust of India Ltd Stock News

The Investment Trust of India Ltd FAQs

What is the share price of The Investment Trust?

Company share prices are keep on changing according to the market conditions. The closing price of The Investment Trust on 24-Apr-2024 16:01 is ₹147.1.

What is the market cap of The Investment Trust?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Apr-2024 16:01 the market cap of The Investment Trust stood at ₹766.9.

What is the P/E ratio of The Investment Trust?

The latest P/E ratio of The Investment Trust as of 24-Apr-2024 16:01 is 60.64.

What is the P/B ratio of The Investment Trust?

The latest P/B ratio of The Investment Trust as of 24-Apr-2024 16:01 is 1.66.

What is the 52-week high and low of The Investment Trust?

The 52-week high of The Investment Trust is ₹170.8 and the 52-week low is ₹71.50.

What is the TTM revenue of The Investment Trust?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The Investment Trust is ₹55.16 ( Cr.) .

About The Investment Trust of India Ltd

Fortune Financial Services (I) Limited was incorporated in the year 1991 by J T Poonja, Chairman and Nimish C Shah, Vice Chairman and Managing Director. Fortune Group which comprises the holding company Fortune Financial Services (India) Limited and its wholly-owned subsidiaries, is engaged in providing a range of Financial Services right from Equities and Derivatives trading, Equity Research, Commodities Trading, Portfolio Management Services, Distribution of Mutual Funds, IPO & Insurance products and also Investment banking services.

The main activities of the company are conducted through Fortune Financial Services which is also the holding company & its wholly owned subsidiaries, it is engaged in providing a range of Financial Services right from Equities and Derivatives trading, Equity Research, Commodities Trading, Portfolio Management Services, Distribution of Mutual Funds, IPO & Insurance products and also Investment banking services.

Services offered by the company

Equities and Derivatives trading, Equity Research, Commodities trading, Portfolio Management Services, distribution of Mutual Funds, IPO & Insurance products and also Investment banking.

Subsidiaries of the company are:

Fortune Financial Services (India) Ltd

Fortune Financial Services (I) Ltd. is listed on the Bombay Stock Exchange and is SEBI registered Category I Merchant Banker. It has recently got approval from SEBI to launch its Portfolio Management Services (PMS). FFSIL has four business verticals viz. Fortune Equity Brokers (I) Limited, Fortune Commodities & Derivatives (I) Ltd., Fortune Credit Capital (I) Ltd. and Fortune Insurance Advisory Services (I) Ltd.

Fortune Equity Brokers (India) Ltd.

Fortune Equity Brokers (India) Ltd. is 100% subsidiary company of M/s. Fortune Financial Services (India) Ltd. It offers broking services in the Cash and Future & Option Segments of the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited. It is also a Depository Participant of Central Depository Services (India) Ltd.

Fortune Commodities & Derivatives (India) Ltd.

Fortune Commodities & Derivatives (India) Ltd. is subsidiary company of M/s. Fortune Financial Services (India) Ltd. and engaged in the business of commodities broking. It is having memberships with the MCX and NCDEX, two leading Indian Commodities Exchanges.

Fortune Credit Capital (India) Ltd.

Fortune Credit Capital (India) Ltd. is 100% subsidiary company of M/s. Fortune Financial Services (India) Ltd. It is formed for the purpose of financing, lending to the clients. The Company has applied with RBI for NBFC license and the same is expected shortly.

Fortune Insurance Advisory Services (India) Ltd.

Fortune Insurance Advisory Services (India) Ltd. is 100% subsidiary company of M/s. Fortune Financial Services (India) Ltd. and formed for the purpose of providing insurance broking and related products and services.

Milestones achieved

1991

J T Poonja and Nimish C Shah incorporated Fortune Financial Services (India) Private Limited as a Non-Banking Financial Company (NBFC). Besides core investment banking and corporate advisory services, Fortune's also focused on fund based activities such as lease, hire purchase, bill discounting and inter-corporate loans

1993

Fortune became a SEBI registered Category - I Merchant Banker

1994

In anticipation of a potential IPO, the name of the Company was changed to Fortune Financial Services (India) Ltd.
Opened an office in New Delhi to increase the scope of activities

1995

Authorized Capital of Fortune was increased to Rs 600 lakh
Fortune made an Initial Public Offering (IPO) of 25 lakh equity shares of Rs.10 each at a premium of Rs. 20 per share aggregating to Rs 750 lakh. The issue was over subscribed by 2.52 times
Fortune was listed on the Bombay Stock Exchange, Delhi Stock Exchange, Ahmedabad Stock Exchange and Madras Stock Exchange
Fortune opened a branch office in Bangalore
Fortune was associated with 10 issues aggregating to Rs 115 crore as Lead / Co-managers
Fortune was involved with underwriting 113 issues for an aggregate amount of Rs 26 crore
Company received membership of National Stock Exchange (NSE). Fortune promoted a separate company called Good Fortune Advisory Services Pvt. Ltd., to operate this activity and invested Rs10 lakh towards share capital

1996

Fortune launched its consumer finance division with a primary focus on car financing. Opened offices in Pune and Mangalore
Fortune handled 9 Investment Banking assignments in its capacity as Lead Managers/ Co-Managers/ Advisors aggregating to Rs 176 crore. This included the issue of Search Chem Industries Limited, a group company of United Phosphorus Limited
Fortune set up its in-house equity research division with a view to provide equity research to corporate clients and support its corporate finance and investment banking activities
Fortune started accepting fixed deposits from public. The fixed deposit schemes of the Company is rated 'FA' by CRISIL
Besides having a fixed deposit center in Mumbai, Fortune opened centers in Madras, Bangalore and New Delhi

1997

In order to broaden its base in consumer finance, Fortune took up office equipment finance in addition to car financing.
Fortune extended its focus to External Commercial Borrowings, private placement of Non-Convertible Debentures and Preference Shares for mobilizing funds for its corporate clients.
Opened offices at Chennai and Chandigargh to promote consumer finance and corporate financing activities.

1998

Due to a downturn in the market conditions, Fortune's senior management decided to suspend the NBFC activities effective from April 1998
The fixed deposit scheme of Fortune was rated 'FA' by CRISIL on account of its timely repayment of interest, repayment of the principal and the safety of the deposits
Fortune stopped accepting / renewing fixed deposits since April 1998

1999

Fortune Financial became the 1st Indian company to go in for a buyback of its shares, subsequent to the guidelines for Buyback of shares coming into effect from Jan 1999
Fortune offered to buyback 25% of its paid-up capital of Rs.549 lacs at an offer price of Rs.10/- each per share as against the average quoted market price of Rs.5.65 per share. An amount of Rs.114 lacs was reduced from the share capital consequent to the buyback
Successfully completed the second buyback and reduced Rs. 47 lacs from the share capital
Fortune prepaid / repaid all its fixed deposit outstanding along with interest

2000

Acquired Corporate Membership of Bombay Stock Exchange Limited (BSE)
In addition to Investment Banking and Corporate Advisory Services, Fortune launched its stock broking activities
Fortune concluded two major deals involving a FMCG company and a well know media Company's private placement of equity shares

2001

Fortune completed the private placement of equity shares of Popular Entertainment Network Limited and clickforcotton.com, India's first cotton exchange portal
Managed few IPOs, take over offers and right issue despite adverse market conditions
Fortune also made a secondary market placement of equity shares for Goldstone Technologies Ltd., and Mirc Electronics Limited

2002

Fortune commenced its full fledged broking operation by empanelling with leading FIs / MFs / Banks
Fortune completed a major take over offer of Noble Explochem
Reserve Bank of India de-registered Fortune as a NBFC
Fortune's equity shares are voluntarily de-listed from Madras Stock Exchange

2003

Managed open offers of Gujarat JHM Hotels Ltd., Punjab Chemicals and Pharmaceuticals Ltd.
Fortune's equity shares are voluntarily de-listed from Ahmedabad Stock Exchange Ltd
Fortune empanelled with three institutions for secondary market business

2004

Fortune empanelled with seventeen institutional clients for its secondary market business
Fortune was appointed as merchant bankers to manage an open offer by Zircon Traders Ltd.
Successfully completed the FCCB issues for Alok Industries Limited and United Phosphorus Limited raising approximately $ 110 million
Opened its branch at Hyderabad to promote stock broking activities
Fortune's shares are voluntarily de-listed from Delhi Stock Exchange
Subsidiary company started mutual fund distribution during FY 2003-04

2005

Fortune was associated with ECB/FCCB overseas fund raising for its Indian mid-sized corporate clients in excess of $250 million.
Fortune was involved with varied domestic assignments - follow on issues, buyback program, open offers and IPOs for Indian mid-sized corporate clients
Fortune proposes to increase its capital base by making a bonus issue during FY 2005-2006
Opened a branch office in Goa
Commenced F&O operations on the National Stock Exchange (NSE)

2006

Shareholders of Fortune approved the issuance of bonus shares in the ratio of 1:1
Allotment of bonus shares was completed on March 31, 2006
Commenced DP Services