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India Tourism Development Corporation Ltd (ITDC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532189 NSE: ITDC Hotel, Resort & Restaurants | Small Cap | Ind Tourism Dev Corp Share Price

₹690.40 21.35 (3.19%)

As on 11-Sep'26 16:59

India Tourism Development Corporation Ltd (ITDC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532189 NSE: ITDC Hotel, Resort & Restaurants | Small Cap | Ind Tourism Dev Corp Share Price

₹690.40 21.35 (3.19%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,738 Cr.
Current Price
₹690.4
52-Week Low / High
₹368 / 821
TTM EPS
₹9.6
TTM Sales
₹535 Cr.
Book Value per Share
₹50.4
P/E Ratio
69.69
In line with its 5-year historical median
Industry PE
39.1
Price to Book (P/B)
13.28
In line with its 5-year historical median
Price to Sales (P/S)
10.72
Higher than its 5-year historical median
EV/EBITDA
44.76
In line with its 5-year historical median
Dividend Yield
0.42%
Profitability Efficiency
Return on Equity (ROE)
21.09%
Outperforms industry median
Return on Capital Employed (ROCE)
29.05%
Outperforms industry median
Return on Assets (ROA)
11.70%
Operating Profit Margin
14.8%
Net Profit Margin
15.54%
Gross Profit Margin
22.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.44%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.45%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.25%
Asset Quality
Promoter Holding
87.03%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹346 Cr.
Equity
₹85.8 Cr.
Face Value
₹10
All Time Low / High
₹56.00 / 2217.55

India Tourism Development Corporation stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is India Tourism Development Corporation Ltd a good quality company?
India Tourism Development Corporation Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does India Tourism Development Corporation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of India Tourism Development Corporation Ltd vs industry peers?
India Tourism Development Corporation Ltd revenue CAGR is 10.46%, compared to the industry median CAGR of 9.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of India Tourism Development Corporation Ltd?
Promoters hold 87.03% of the India Tourism Development Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of India Tourism Development Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.1% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
India Tourism Development Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10%7.5%12.3%18.7%12.4%-6.9%2.8%24%30%27.1%-
Value Creation
Index
-0.3-0.5-0.10.3-0.1-1.5-0.80.71.20.9-

Growth Parameters

Sales 437331340348341176290455527566530
Sales YoY Gr.--24.3%2.7%2.5%-2.1%-48.3%64.4%57.3%15.7%7.4%-
Adj EPS 3.32.713.42.6-3.20.66.68.59.59.8
YoY Gr.--19.5%-61.1%229.1%-24.2%-225.7%NA1052.6%29.1%12.5%-
BVPS (₹) 38.738.638.641.240.336.736.943.549.646.755
Adj Net
Profit
28.222.78.929.122-27.74.956.472.881.884
Cash Flow from Ops. 14.6-8.714.8-28.88.3-1315.6-14.446.453.2-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.9%10.7%25%7.4%
Adj EPS 12.6%30%155.8%12.5%
BVPS2.1%3%8.1%-5.8%
Share Price 12.8% 11.8% 19.3% 3.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.66.92.78.56.3-8.41.516.318.22219.3
Op. Profit
Mgn %
4.75-37.87.4-23.10.515.819.314.917.2
Net Profit
Mgn %
6.56.92.68.46.5-15.71.712.413.814.515.9
Debt to
Equity
0000000000-
Working Cap
Days
206271270281297548345280296277236
Cash Conv.
Cycle
564949394110023-16-22-17122

Valuation of Ind Tourism Dev Corp - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales349346354347177294461509571533
Operating Expenses + 336358329325222292389415487442
Manufacturing Costs14114815113980129184230290268
Material Costs37322927122033353537
Employee Cost 1201441131261041021121039994
Other Costs 37343633264160476343
Operating Profit 13-122522-44271948491
Operating Profit Margin (%) 3.9%-3.4%7.1%6.3%-25.0%0.7%15.5%18.4%14.8%17.1%
Other Income + 26272221171417192130
Exceptional Items -11312242-10-000
Interest 1111111312
Depreciation 7778777777
Profit Before Tax 21386139-3478010298113
Tax 8918161326371730
Profit After Tax 13294322-35455658083
PAT Margin (%) 3.8%8.4%12.3%6.4%-19.6%1.4%11.9%12.8%14.1%15.5%
Adjusted EPS (₹)0.91.44.62.4-4.10.56.47.59.49.6
Dividend Payout Ratio (%)153.20%137.20%45.90%0%0%0%34.20%33.50%30.90%30.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 306307329320281283338306363423
Share Capital 86868686868686868686
Reserves 221222243234195198252220277337
Debt +5111111111
Long Term Debt4000000000
Short Term Debt1111111111
Minority Interest-6-3-5-7-9-10-10-11-11-12
Trade Payables686164564662938912579
Others Liabilities 207255234211208207471598224224
Total Liabilities 580621623581527543892983701715

Fixed Assets

Net Fixed Assets +57575551454046414242
Gross Block6672747677789192100105
Accumulated Depreciation9141925323845525864
CWIP 134666113469
Investments 0000000000
Inventories13111010111010131918
Trade Receivables97103979766717875120110
Cash Equivalents flag 269313292262232219463570220271
Others Assets 130133163155166193292280295266
Total Assets 580621623581527543892983701715
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -715-298-1316-12-35370
PBT 14375939-3478010197112
Adjustment -3-23-20-24-6121475-5
Changes in Working Capital -611-59338-4-100-100-38-24
Tax Paid -12-10-10-10-120-6-11-11-12
Cash Flow From Investing Activity + -172311115-350-4-73
Capex -21-165-5-4-5-13-2-10-10
Net Investments 020000046-4-78
Others 192118161510106915
Cash Flow From Financing Activity + -15-9-20-22000-19-22-25
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-1-1-0000000
Dividend Paid -13-11-16-18000-19-22-25
Others -13-3-4000000
Net Cash Flow -2313-25-2-221-152827-28
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.349.5113.636.86-11.531.4517.5820.1623.9921.09
ROCE (%)7.212.4819.3912.21-10.85326.1432.6629.4529.05
Asset Turnover Ratio0.60.580.570.580.320.550.640.540.680.75
PAT to CFO Conversion(x)-0.540.52-0.670.36N/A4-0.22-0.050.660.84
Working Capital Days
Receivable Days107.60105.50102.60101.90168.1084.9059.105562.4078.90
Inventory Days14.5012.6010.8010.6021.50138.108.3010.1012.60
Payable Days612.60744.90785.10801.301,585.80971.80852.60938.901,122.401,006

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India Tourism Development Corporation Ltd FAQs

The current trading price of Ind Tourism Dev Corp on 11-Sep-2026 16:59 is ₹690.4.

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 10-Sep-2026 the market cap of Ind Tourism Dev Corp stood at ₹5,738.4 Cr

The latest P/E ratio of Ind Tourism Dev Corp as of 10-Sep-2026 is 68.14.

The latest P/B ratio of Ind Tourism Dev Corp as of 10-Sep-2026 is 12.17.

The 52-week high of Ind Tourism Dev Corp is ₹821.5 and the 52-week low is ₹368.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ind Tourism Dev Corp is ₹530 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that India Tourism Development Corporation Ltd is a average quality company.

The key valuation ratios of India Tourism Development Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About India Tourism Development Corporation Ltd

India Tourism Development Corporation (ITDC) came into existence in October 1966 and has been the prime mover in the progressive development, promotion and expansion of tourism in the country.

ITDC is to act as respected, preferred and leading “one stop solution provider” in the Hospitality, Travel and Tourism sector and achieve higher return on investment for its shareholders while contributing towards fulfilling the overall objective of development, promotion and expansion of domestic as well as international tourism in the country.

Business area of the company

ITDC is running hotels, restaurants at various places for tourists, besides providing transport facilities. In addition, the company is engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to the tourists. The company has diversified into new avenues/innovative services like Full-Fledged Money Changer (FFMC) services, engineering related consultancy services etc. The Ashok Institute of Hospitality & Tourism Management of the company imparts training and education in the field of tourism and hospitality.

Products and Services

Hotels

  • The Ashok 
  • Hotel Samrat
  • Kalinga Ashok
  • Pondicherry Ashok

Banquets & Events

Dining & Entertainment

Travels & Tours

Divisions

  • Ashok Group of Hotels
  • Ashok International Trade
  • Ashok Travels & Tours
  • Ashok Consultancy & Engineering Services
  • Ashok Institute of Hospitality & Tourism Management
  • Sound & Light Show
  • Ashok Events
  • Catering Units

Awards and accolades

FY 2016-17

  • The Ashok, New Delhi was awarded as ‘Best Hotel Based Meeting Venue’ at National Tourism Award held in July 2016.
  • Hotel Janpath, New Delhi has been awarded as ‘Star Partner 2016’ by an online travel portal Make My Trip.
  • Chefs of The Ashok Group have won the Golden Hat Award, Kitchen Artist of the Year Award, National Tourism Award 2014-15 for “Best Chef” in 4 star, 5 star, 5 star deluxe, Heritage Classic Grand Category Hotels.
  • The Ashok won the award for best F&B professionals from PATWA and the banquet manager of The Ashok, New Delhi won the award for Best Banquet Manager 2016 at the Hospitality India Awards.
  • Beverage mixologists of The Ashok, New Delhi won Bronze Medal in mocktail making competition organized by Culinary Art India in March 2017 held alongside AAHAR 2017.

FY 2017-18

  • ITDC was awarded the Global Star Awards 2018 for “Most diversified organization in Travel & Tourism” for the year 2017
  • The Ashok, New Delhi was awarded as ‘Best Hotel Based Meeting Venue’ at National Tourism Award 2015-16 held in September, 2017
  • The Ashok, New Delhi was awarded as ‘Best MICE & Host Hotel’ at the 13th Annual International Hospitality & Travel Awards 2017.
  • The Ashok, New Delhi was awarded as ‘Best MICE Hotel 2017’ at Safari India South Asia Award.
  • The Ashok, New Delhi was awarded “KAUSTUBH” - Best MICE Hotel - North India by Trav Tour.
  • Executive Chef Arvind Rai won the National Tourism Award 2015-16 for “Best Chef” in 4 to 5 star deluxe, Heritage Classic Grand Category Hotels.
  • Hospitality Achievers Award presented ‘The Best Chef 2017’ to Executive Chef Arvind Rai, The Ashok
  • AHP Hospitality Challenge 2017 organized at Banarsidas Chandiwala Institute, July 2017
  • Silver Medal in Kebabs Category by Cook Dinesh Ram, Hotel Samrat Gold Medal in Fruit & Vegetable Carving by Chef Jitender
  • Silver Medal in Innovative Rice Preparation by Cook Mohit Yadav from Continental cuisine section
  • Bronze Medal in Contemporary Sushi Platter by Chef Vikram Shokeen
  • Merit Certificate in Authentic Indian Regional Cuisine by Chef Prajit P. Kumar
  • The Food & Beverage Manager of The Ashok won the award for best MICE Professional 2017 at Safari India South Asia Award
  • Hospitality Achievers Award presented The Best Hotel Engineer 2017 to Shri Suresh Chandra

FY 2018-19

  • National Tourism Award - Best Hotel Based Meeting Venue 2016-17 to The Ashok; Award received by C&MD, ITDC and Director (Comm. & Mktg.), ITDC
  • PATWA 2018-19 - Best Organisation in Tourism & Hospitality to ITDC; Award received by C&MD, ITDC and General Manager (Hotels), ITDC at ITB Berlin
  • National Tourism Award - Best Facilities for Differently Abled Guests to The Ashok; Award received by General Manager (Hotels), ITDC and General Manager (The Ashok)
  • FAITH - Certificate of Appreciation to The Ashok for Sterling Contribution and excellent support in the India Tourism Mart 2018.

FY 2019-20

  • Trav Tour Mice Guide - India MICE Award “Kaustubh 2019” presented to The Ashok for Best Convention Hotel North India.
  • Safari India - South Asia Travel Awards for Best MICE Hotel 2019, The Ashok
  • PATWA International award - Best Organisation - Tourism & Hospitality at ITB Berlin, 2019.
  • 14TH Hospitality India Travel Award - Best MICE & host hotel in 5* Deluxe Category presented to General Manger, The Ashok, 2019.
  • School of Hotel Management - Chef Achievers Award to Chef, The Ashok Technical Campus on 1st Int’l Hospitality Conclave & Awards 2020.
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