SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

₹589.05 53.55 (10.00%)

As on 04-Jun'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

₹589.05 53.55 (10.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,052 Cr.
Current Price
₹589.1
52-Week Low / High
₹368 / 714
TTM EPS
₹9.6
TTM Sales
₹533 Cr.
Book Value per Share
₹49.3
P/E Ratio
61.08
Lower than its 5-year historical median
Industry PE
38.7
Price to Book (P/B)
11.95
Lower than its 5-year historical median
Price to Sales (P/S)
9.48
Higher than its 5-year historical median
EV/EBITDA
39.42
Lower than its 5-year historical median
Dividend Yield
0.49%
Profitability Efficiency
Return on Equity (ROE)
24.29%
Outperforms industry median
Return on Capital Employed (ROCE)
29.74%
Outperforms industry median
Return on Assets (ROA)
9.67%
Operating Profit Margin
15%
Net Profit Margin
14.26%
Gross Profit Margin
18.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.21%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-8.63%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
25.31%
Asset Quality
Promoter Holding
87.03%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹337 Cr.
Equity
₹85.8 Cr.
Face Value
₹10
All Time Low / High
₹56.00 / 2217.55

India Tourism Development Corporation stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
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 3.58%, 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 9% based on the current price.

10 Year X-Ray : Login to view analysis.

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 % 9.2%7.2%12.5%19.4%12.2%-10.9%3%26.1%32.7%29.7%-
Value Creation
Index
-0.3-0.5-0.10.4-0.1-1.8-0.80.91.41.1-

Growth Parameters

Sales 459349346354347177294461532570533
Sales YoY Gr.--24%-1%2.4%-2%-48.9%66.1%56.6%15.5%7.2%-
Adj EPS 2.72.20.53.42.4-40.66.48.39.59.6
YoY Gr.--20.5%-78.8%630.4%-29.5%-267.5%NA1069.1%29.2%14.4%-
BVPS (₹) 35.235.735.838.437.332.83339.445.442.449.3
Adj Net
Profit
23.418.63.928.820.4-344.755.271.281.683
Cash Flow from Ops. 13-715-28.88-1315.6-11.842.352.8-
Debt/CF from Ops. 0.3-0.70.1-00.1-0.10-0.100-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.4%10.5%24.7%7.2%
Adj EPS 14.9%32%158.6%14.4%
BVPS2.1%2.6%8.7%-6.5%
Share Price 9.8% 8.4% 21.6% -6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.86.11.39.16.3-11.31.717.819.624.421
Op. Profit
Mgn %
3.53.9-3.47.16.3-250.715.619.11517.2
Net Profit
Mgn %
55.71.97.65.4-20.61.511.813.314.215.5
Debt to
Equity
00000000000
Working Cap
Days
191247256265280518319258274256223
Cash Conv.
Cycle
53474738409922-17-22-17104

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales459349346354347177294461509570
Operating Expenses + 443336358329325222292389415485
Manufacturing Costs22914114815113980129184230289
Material Costs40373229271220333535
Employee Cost 14512014411312610410211210399
Other Costs 29373436332641604762
Operating Profit 1613-122522-442719485
Operating Profit Margin (%) 3.5%3.9%-3.4%7.1%6.3%-25.0%0.7%15.5%18.4%15.0%
Other Income + 29262722211714171921
Exceptional Items -8-11312242-10-00
Interest 1111111131
Depreciation 9777877777
Profit Before Tax 2721386139-3478010299
Tax 1089181613263717
Profit After Tax 1813294322-354556581
PAT Margin (%) 3.8%3.8%8.4%12.3%6.4%-19.6%1.4%11.9%12.8%14.3%
Adjusted EPS (₹)2.10.91.44.62.4-4.10.56.47.59.5
Dividend Payout Ratio (%)72.10%153.20%137.20%45.90%0%0%0%34.20%33.50%30.50%

Valuation of Ind Tourism Dev Corp - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 302306307329320281283338306364
Share Capital 86868686868686868686
Reserves 216221222243234195198252220278
Debt +4511111111
Long Term Debt4400000000
Short Term Debt1111111111
Minority Interest3-6-3-5-7-9-10-10-11-11
Trade Payables586861645646629389124
Others Liabilities 210207255234211208207471598223
Total Liabilities 576580621623581527543892983700

Fixed Assets

Net Fixed Assets +51575755514540464142
Gross Block1836672747677789192100
Accumulated Depreciation13291419253238455258
CWIP 813466611346
Investments 0000000000
Inventories15131110101110101319
Trade Receivables10997103979766717875120
Cash Equivalents flag 284269313292262232219463570220
Others Assets 110130133163155166193292280295
Total Assets 576580621623581527543892983700

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 13-715-298-1316-12-353
PBT 2714375939-3478010198
Adjustment -11-3-23-20-24-6121475
Changes in Working Capital 6-611-59338-4-100-100-39
Tax Paid -10-12-10-10-10-120-6-11-11
Cash Flow From Investing Activity + 15-172311115-350-4
Capex -8-21-165-5-4-5-13-2-10
Net Investments 0020000046-4
Others 231921181615101069
Cash Flow From Financing Activity + -21-15-9-20-22000-19-22
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-1-1-1-000000
Dividend Paid -17-13-11-16-18000-19-22
Others -3-13-3-400000
Net Cash Flow 7-2313-25-2-221-152827

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)5.844.349.5113.636.86-11.531.4517.5820.1624.29
ROCE (%)9.27.212.4819.3912.21-10.85326.1432.6629.74
Asset Turnover Ratio0.790.60.580.570.580.320.550.640.540.68
PAT to CFO Conversion(x)0.72-0.540.52-0.670.36N/A4-0.22-0.050.65
Working Capital Days
Receivable Days91107.60105.50102.60101.90168.1084.9059.105562.40
Inventory Days10.9014.5012.6010.8010.6021.50138.108.3010.10
Payable Days521612.60744.90785.10801.301,585.80971.80852.60938.901,116.60

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

India Tourism Development Corporation Ltd FAQs

The current trading price of Ind Tourism Dev Corp on 04-Jun-2026 16:59 is ₹589.0.

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 03-Jun-2026 the market cap of Ind Tourism Dev Corp stood at ₹5,052.3 Cr

The latest P/E ratio of Ind Tourism Dev Corp as of 03-Jun-2026 is 59.82.

The latest P/B ratio of Ind Tourism Dev Corp as of 03-Jun-2026 is 10.94.

The 52-week high of Ind Tourism Dev Corp is ₹714.0 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 ₹527 ( 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 Strong which suggest that the price of India Tourism Development Corporation Ltd is likely to Rise 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.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×