India Tourism Development Corporation Ltd - Stock Valuation and Financial Performance

BSE: 532189 | NSE: ITDC | Hotel, Resort & Restaurants | Small Cap

Ind Tourism Dev Corp Share Price

661.20 -9.05 -1.35%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Ind Tourism Dev Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

India Tourism Development Corporation stock performance -

mw4me loader
P/E Ratio (CD):
83.77
Market Cap:
5,748.7 Cr.
52-wk low:
305.4
52-wk high:
879

Is India Tourism Development Corporation Ltd an attractive stock to invest in?

1. Is India Tourism Development Corporation Ltd a good quality company?

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

2. Is India Tourism Development Corporation Ltd undervalued or overvalued?

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

3. Is India Tourism Development Corporation Ltd a good buy now?

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

10 Year X-Ray of Ind Tourism Dev Corp:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.4%9.6%7.9%5%-3.5%7.7%5.9%-11.3%2%19.7%-
Value Creation
Index
-0.8-0.3-0.4-0.6-1.3-0.5-0.6-1.8-0.90.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 459492459383371364351177294464541
Sales YoY Gr.-7.2%-6.7%-16.6%-3%-2%-3.5%-49.5%66.1%57.5%-
Adj EPS 0.83.42.81.7-1.32.82.1-40.66.98
YoY Gr.-311%-17.5%-38.1%-175%NA-24.4%-288.2%NA1156.4%-
BVPS (₹) 34.234.935.235.735.838.437.332.83339.944
Adj Net
Profit
7.128.923.914.8-11.12418.1-344.759.269
Cash Flow from Ops. 19.5-38.113-715-28.88-1315.6-11.8-
Debt/CF from Ops. 0.2-0.10.3-0.70.1-00.1-0.10-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.1%4.5%9.7%57.5%
Adj EPS 26.7%NA48.5%1156.4%
BVPS1.7%2.2%2.2%20.7%
Share Price 18.7% 19% 25.3% 105.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.49.87.94.9-3.67.55.6-11.31.71919.1
Op. Profit
Mgn %
-3.42.33.62.4-8.64.75.1-250.716.317.2
Net Profit
Mgn %
1.55.85.14.2-2.26.14.7-20.61.512.612.7
Debt to
Equity
0000000000-
Working Cap
Days
165164191226238258277520320257251
Cash Conv.
Cycle
424453414538409921-1790

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.10%

Net Profit is growing at healthy rate in last 3 years 48.50%

Sales growth is good in last 4 quarters at 38.19%

Sales growth has been subdued in last 3 years 9.72%

Latest Financials - India Tourism Development Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 8.2 8
TTM Sales (₹ Cr.) 535 541
BVPS (₹.) 48.2 44
Reserves (₹ Cr.) 328 292
P/BV 13.91 15.23
PE 81.97 83.77
From the Market
52 Week Low / High (₹) 305.40 / 879.00
All Time Low / High (₹) 56.00 / 2217.55
Market Cap (₹ Cr.) 5,749
Equity (₹ Cr.) 85.8
Face Value (₹) 10
Industry PE 61.7

Management X-Ray of Ind Tourism Dev Corp:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Ind Tourism Dev Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales459492459383371364351177294464
Operating Expenses 475481443375403347334222292388
Manufacturing Costs23324722814014815113879129183
Material Costs42464040363130122033
Employee Cost 152150145139166121129104102112
Other Costs 48383056544437264160
Operating Profit -1611168-321717-44275
Operating Profit Margin (%) -3.4%2.3%3.5%2.0%-8.6%4.7%4.8%-25.0%0.7%16.3%
Other Income 32322927282221171417
Interest 0011111111
Depreciation 71199888777
Exceptional Items 14-8-11312242-10
Profit Before Tax 11362714185334-34785
Tax 34106416151326
Profit After Tax 832189143819-35459
PAT Margin (%) 1.7%6.4%3.8%2.2%3.9%10.3%5.3%-19.5%1.4%12.7%
Adjusted EPS (₹)1.03.72.10.91.44.62.4-4.10.56.9
Dividend Payout Ratio (%)53%54%72%153%137%46%0%0%0%32%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 294300302306307329320281283342
Share Capital 86868686868686868686
Reserves 208214216221222243234195198256
Minority Interest333-6-3-5-7-9-10-10
Debt3445111111
Long Term Debt3444000000
Short Term Debt0011111111
Trade Payables47565868616456466293
Others Liabilities 218220210207255234211208207467
Total Liabilities 565582576580621623581527543892

Fixed Assets

Gross Block16917518366757476777891
Accumulated Depreciation1071241329141925323845
Net Fixed Assets62525157605551454046
CWIP 678134666113
Investments 0000000000
Inventories14131513111010111010
Trade Receivables82120109971039797667178
Cash Equivalents 301277284269313292262232219463
Others Assets100114110130130163155166193292
Total Assets 565582576580621623581527543892

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 20-3813-715-298-1316-12
PBT 11362714375934-34785
Adjustment -15-8-11-3-23-20-19-61214
Changes in Working Capital 26-636-611-59338-4-104
Tax Paid -3-3-10-12-10-10-10-120-6
Cash Flow From Investing Activity 212015-172311115-3
Capex -3-6-8-21-165-5-4-5-13
Net Investments 0000200000
Others 24252319211816151010
Cash Flow From Financing Activity 3-5-21-15-9-20-22000
Net Proceeds from Shares 5000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-1-1-1-10000
Dividend Paid 0-4-17-13-11-16-18000
Others -2-1-3-13-3-4000
Net Cash Flow 44-247-2313-25-2-221-15
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.7510.695.842.814.6711.795.71-11.531.4518.76
ROCE (%)3.712.29.24.875.9516.9110.61-10.85327.27
Asset Turnover Ratio0.820.860.790.660.620.590.580.320.550.65
PAT to CFO Conversion(x)2.5-1.190.72-0.781.07-0.760.42N/A4-0.2
Working Capital Days
Receivable Days73759198981001011688559
Inventory Days1010111312101022138
Payable Days4294045235676587267191,586972853

India Tourism Development Corporation Ltd Stock News

India Tourism Development Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ind Tourism Dev Corp on 12-Apr-2024 10:20 is ₹661.2.
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 12-Apr-2024 10:20 the market cap of Ind Tourism Dev Corp stood at ₹5,748.7.
The latest P/E ratio of Ind Tourism Dev Corp as of 12-Apr-2024 10:20 is 81.97.
The latest P/B ratio of Ind Tourism Dev Corp as of 12-Apr-2024 10:20 is 13.91.
The 52-week high of Ind Tourism Dev Corp is ₹879.0 and the 52-week low is ₹305.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ind Tourism Dev Corp is ₹534.9 ( Cr.) .

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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