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ITI - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.8

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 2.8

Stock Code ITI Market Cap 25,571 Cr. Current Price 265 ₹ High / Low 373 ₹
Book Value 15.1 ₹ Dividend Yield 0.00 % ROCE -1.33 % ROE -16.2 %
Face Value 10.0 ₹ DMA 50 279 ₹ DMA 200 297 ₹ Chg in FII Hold 0.00 %
Chg in DII Hold 0.00 % PAT Qtr -21.0 Cr. PAT Prev Qtr -52.5 Cr. RSI 46.8
MACD -6.01 Volume 79,32,826 Avg Vol 1Wk 2,91,12,862 Low price 233 ₹
High price 373 ₹ Debt to equity 0.90 52w Index 23.2 % Qtr Profit Var 68.7 %
EPS -1.54 ₹ Industry PE 50.0

📊 Financial Overview

  • Revenue & Profitability: PAT improved from -₹52.5 Cr. to -₹21 Cr. (QoQ), but remains negative, showing continued losses.
  • Margins: ROE at -16.2% and ROCE at -1.33% are weak, reflecting poor profitability and capital efficiency.
  • Debt: Debt-to-equity ratio of 0.90 indicates moderate leverage, manageable but risky given losses.
  • Cash Flow: EPS of -₹1.54 highlights negative earnings, limiting shareholder value.

💹 Valuation Metrics

  • P/E Ratio: Not applicable due to negative earnings.
  • P/B Ratio: Price ₹265 vs Book Value ₹15.1 → trading at a steep premium, showing speculative investor sentiment.
  • PEG Ratio: Not available, limiting growth-adjusted valuation analysis.
  • Intrinsic Value: Fundamentals do not justify current valuation; stock appears speculative.

🏢 Business Model & Competitive Advantage

  • ITI Ltd. operates in telecom and defense equipment manufacturing.
  • Competitive advantage lies in government contracts and legacy presence, but weak profitability undermines sustainability.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹230–250 range looks safer given speculative valuation and weak fundamentals.
  • Long-Term Holding: Risky for conservative investors. Suitable only for speculative positions; monitor profitability turnaround closely.

✅ Positive

  • Quarterly losses reduced (from -₹52.5 Cr. to -₹21 Cr.).
  • Moderate debt-to-equity ratio (0.90).
  • Government backing provides some operational stability.

⚠️ Limitation

  • Negative ROE (-16.2%) and ROCE (-1.33%).
  • EPS of -₹1.54 indicates continued losses.
  • High P/B ratio shows speculative premium despite weak fundamentals.

📉 Company Negative News

  • Consistent losses with negative profitability metrics.
  • Stock trading below DMA 50 & DMA 200, indicating bearish trend.

📈 Company Positive News

  • Quarterly losses narrowed significantly (68.7% improvement).
  • Stable technical indicators with RSI at 46.8 (neutral zone).

🏦 Industry

  • Industry PE at 50.0 highlights sector trades at higher multiples, but ITI cannot be compared due to negative earnings.
  • Telecom and defense manufacturing sector growth supported by government initiatives and modernization programs.

🔎 Conclusion

  • ITI Ltd. remains speculative with negative profitability and weak fundamentals despite reduced losses.
  • Entry around ₹230–250 is safer for speculative investors.
  • Not ideal for long-term conservative holding; monitor earnings turnaround and government contracts closely.

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