ITI
ITI Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for ITI Ltd, framed against the sector median so the premium or discount is obvious at a glance.
ITI Ltd trades at a P/E of 102.69× and P/B of 19.87×, against the Technology sector median P/E of 19.26×.
Valuation
Profitability
Growth
Financial Health
ITI Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for ITI Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
ITI Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for ITI Ltd, switchable between annual and quarterly views, consolidated or standalone.
ITI Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹30,233.55 Cr and reported EPS of ₹3.03.
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,475 | 1,475 | 1,668 | 2,059 | 2,362 | 1,861 | 1,395 | 1,264 | 1,536 | 2,571 | 3,616 | 2,184 |
| Other Income | 327 | 327 | 336 | 184 | 161 | 255 | 53 | 45 | 30 | 50 | 85 | 53 |
| Total Income | 1,803 | 1,803 | 2,005 | 2,243 | 2,524 | 2,115 | 1,448 | 1,308 | 1,566 | 2,621 | 3,702 | 2,237 |
| Cost of Goods Sold (COGS) | 1,083 | 1,083 | 1,378 | 1,581 | 1,910 | 1,435 | 1,181 | 1,184 | 1,416 | 2,374 | 3,390 | 1,839 |
| Gross Profit | 392 | 392 | 290 | 478 | 453 | 425 | 214 | 80 | 121 | 197 | 226 | 345 |
| +Operating Expenses | 311 | 311 | 391 | 328 | 401 | 317 | 368 | 399 | 142 | 229 | 286 | 301 |
| EBITDA | 81 | 81 | -100 | 150 | 51 | 109 | -154 | -319 | -21 | -32 | -60 | 44 |
| +Non-Operating Expenses | 178 | 178 | 144 | 183 | 201 | 242 | 259 | 295 | 115 | 192 | 329 | 703 |
| Profit Before Tax (PBT) | 231 | 231 | 93 | 151 | 11 | 121 | -360 | -569 | -161 | -228 | -233 | 293 |
| Profit After Tax (PAT) | 231 | 231 | 93 | 151 | 9 | 120 | -360 | -569 | -162 | -211 | -215 | 293 |
| Earnings Per Share (EPS) | 4.12 | 3.03 | 1.03 | 1.63 | 0.10 | 1.28 | -3.79 | -5.92 | -1.68 | -2.19 | -2.24 | 3.04 |
| Diluted Shares Outstanding (Nos.) | 56 | 76 | 90 | 93 | 93 | 93 | 95 | 96 | 96 | 96 | 96 | 96 |
| +Additional Disclosures | 2,657 | 2,657 | 3,311 | 3,675 | 4,440 | 3,413 | 2,929 | 3,040 | 3,115 | 5,213 | 7,375 | 4,224 |
| Sales Growth % | — | — | 13.10 | 23.41 | 14.73 | -21.23 | -25.01 | -9.45 | 21.57 | 67.35 | 40.68 | -39.62 |
| YoY Sales Growth % | — | — | 13.10 | 23.41 | 14.73 | -21.23 | -25.01 | -9.45 | — | — | 186.19 | -39.62 |
| Material Cost % | 57 | 57 | 64 | 58 | 70 | 45 | 67 | 63 | 27 | 30 | 30 | 5 |
| Employee Cost % | 15 | 15 | 12 | 11 | 12 | 12 | 16 | 18 | 6 | 5 | 5 | 7 |
| Other Cost % | 6 | 6 | 11 | 5 | 5 | 5 | 10 | 13 | 4 | 4 | 3 | 7 |
| OPM % | 6 | 6 | -6 | 7 | 2 | 6 | -11 | -25 | -1 | -1 | -2 | 2 |
| Profit Growth % | — | — | -59.86 | 63.02 | -93.72 | 1,162.92 | -400.64 | -58.10 | — | — | 62.23 | 236.27 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Additional Fields | 57 | 57 | -137 | 108 | 9 | 59 | -203 | -372 | -49 | -72 | -129 | -13 |
ITI segment analysis: revenue and profit mix.
Disclosed business segments at ITI with their share of revenue and profit, switchable between consolidated and standalone reporting.
ITI discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
ITI Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy ITI Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
ITI Ltd's investment case rests on 5 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
ITI Ltd benefits from a substantial promoter holding of 90%, indicating strong insider confidence and a long-term commitment to the company's success. This high ownership level suggests stability and reduced risk of hostile takeovers.
Despite operational challenges, ITI Ltd maintains a significant market capitalization of ₹31,959 crore, reflecting its established presence and investor interest in the telecommunication equipment sector.
The broader Telecommunication sector, where ITI operates, is poised for significant growth driven by 5G rollout, digital infrastructure expansion, and increasing data consumption, offering potential for future contracts.
As a public sector undertaking, ITI Ltd may benefit from government-led initiatives and projects aimed at boosting domestic manufacturing and digital connectivity, potentially securing large-scale orders.
Exploring diversification into emerging technologies like IoT, AI, and cybersecurity within the telecom domain could open new revenue streams and reduce dependency on traditional equipment manufacturing.
What can break it.
ITI Ltd has reported consistent quarterly net losses, with the latest quarter showing a loss of ₹60 crore. This persistent unprofitability raises serious concerns about the company's long-term viability and sustainability.
The company exhibits poor profitability, with a negative Return on Equity (ROE) of -14.70% and Return on Capital Employed (ROCE) of -0.77%. These metrics highlight inefficient capital utilization and operational challenges.
ITI Ltd's debt-to-equity ratio stands at 0.91, indicating a relatively high level of financial leverage. This could increase vulnerability to economic downturns if profitability does not improve significantly.
The company's negative Earnings Per Share (EPS) of -1.95 and a P/E ratio of 0.00 underscore its current unprofitability, making it difficult to justify its valuation based on earnings performance.
The stock has seen significant volatility, trading at ₹333.00, substantially below its 52-week high of ₹593.00. This indicates investor uncertainty and potential downside risk for shareholders.
What would change my mind.
Trim if P/E re-rates above 133 (~6.9× the sector multiple of 19.3). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 40.64. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 12%. The operating engine is no longer compounding capital efficiently.
ITI Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — ITI Ltd is highlighted for quick read-across.
Quick Compare
ITI Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for ITI Ltd — derived from the live tape, not yesterday's close.
ITI Ltd last traded at ₹312.45 with an intraday range of ₹309.15–₹325.85 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹312.45| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 355.88 | +43.43 | +13.90% |
| R3 | 339.18 | +26.73 | +8.56% |
| R2 | 332.52 | +20.07 | +6.42% |
| R1 | 322.48 | +10.03 | +3.21% |
| PIVOT | 315.82 | 3.37 | 1.08% |
| CURRENT | 312.45 | — | — |
| S1 | 272.38 | -40.07 | -12.82% |
| S2 | 289.08 | -23.37 | -7.48% |
| S3 | 299.12 | -13.33 | -4.27% |
| S4 | 305.78 | -6.67 | -2.13% |
ITI is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 309.15 ~ 318.6
Trading Inside opening range
ITI Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for ITI Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in ITI Ltd stood at 24.8% of traded volume, against a 20-day average of 29.2%.
ITI announcements: results, concalls, ratings, M&A.
Filings ITI sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
ITI files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 92 documents below.
Disclosure under SEBI Takeover Regulations
Hon'ble President of India has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Change in Management
ITI Limited has informed the Exchange about change in Management
Outcome of Board Meeting
ITI Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Cessation
ITI Limited has informed the Exchange regarding Cessation of Shri Arun Agarwal as Non- Executive Director of the company w.e.f. April 24, 2026.
Spurt in Volume
Significant increase in volume has been observed in ITI Limited. The Exchange, in order to ensure that investors have latest relevant information…
Investor decks & rating reports.
ITI dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue ITI has declared, sequenced by announce and record date.
ITI corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About ITI Ltd: business, sector, key facts.
What ITI Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
ITI Ltd operates in the Technology, listed as NSE: ITI, BSE: 523610.
ITI Limited is a prominent Indian company specializing in the manufacturing, sale, trading, and servicing of a wide array of telecommunication equipment. Their product portfolio encompasses a comprehensive range of solutions, including switching, transmission, access, and subscriber premise equipment, catering to diverse sectors and applications.
Beyond core telecom offerings, ITI Limited has diversified into several other technology sectors. This includes the production and distribution of smart energy meters, various computing devices such as mini-personal computers and laptops, and 3D printing products. They also provide a range of banking automation solutions and smart card technologies, showcasing a commitment to innovation across multiple markets.
A significant part of ITI's business involves trading in advanced network technologies. They handle optical transport network products (like DWDM), managed leased line networks, signaling point networks, IP/MPLS routers and switches, and network management systems. Furthermore, they facilitate trade in microwave and satellite communication equipment, demonstrating expertise across diverse communication infrastructure sectors.
ITI Limited extends its services beyond product sales and trading by offering comprehensive data center hosting, and specialized testing services like EMI/EMC and environmental testing for electronic products. They also provide a suite of manufacturing and engineering services, including 3D printing, mechanical fabrication, reliability engineering, electronic contract manufacturing, and printed circuit board (PCB) manufacturing. This vertically integrated approach strengthens their position within the technology ecosystem.
The company's expertise extends to building and maintaining communication networks. They leverage various technologies like IP/MPLS, optical fiber cables, microwave radio, and satellite communications to create customized solutions for clients. ITI Limited undertakes turnkey projects and participates actively in defense-related ventures, showcasing its capabilities in handling large-scale and specialized projects.
Questions investors ask about ITI Ltd (ITI).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of ITI Ltd (ITI)?
The current share price of ITI Ltd (ITI) is ₹312.45. Today, the stock has gained by ₹1.30 (0.42%), trading in a range of ₹309.15 to ₹325.85. The stock opened at ₹310.75 with a trading volume of 27,00,187 shares.
02Is ITI Ltd stock a good investment for long-term?
ITI Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹30,233.55 crores, P/E ratio of 102.69, ROE of 16.59%, and ROCE of -0.77%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of ITI Ltd stock?
The 52-week high price of ITI Ltd (ITI) is ₹372.85, while the 52-week low is ₹237. Currently trading at ₹312.45, the stock is 55.5% away from its 52-week low and 16.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy ITI Ltd stock at the current price?
Whether to buy ITI Ltd stock at ₹312.45 depends on multiple factors. The stock is currently trading with a P/E ratio of 102.69 and P/B ratio of 19.87. Today's performance shows a gain of 0.42%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of ITI Ltd and when is the next dividend?
ITI Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹312.45, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of ITI Ltd?
ITI Ltd's key financial metrics include: P/E Ratio: 102.69, P/B Ratio: 19.87, ROE: 16.59%, ROCE: -0.77%, Dividend Yield: 0.00%, EPS: ₹3.03, Book Value: ₹15.66, and Debt-to-Equity: 40.14. The company's market cap stands at ₹30,233.55 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is ITI Ltd stock performing today in the market?
ITI Ltd stock opened at ₹310.75 and is currently trading at ₹312.45, showing a gain of ₹1.30 (0.42%). The intraday high is ₹325.85 and low is ₹309.15. The trading volume stands at 27,00,187 shares, indicating strong market participation today.
08What is the P/E ratio of ITI Ltd and what does it indicate?
ITI Ltd has a Price-to-Earnings (P/E) ratio of 102.69, which means investors are willing to pay ₹102.69 for every ₹1 of earnings. With an EPS of ₹3.03, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about ITI Ltd (ITI) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
- Aksh Optifibre (AKSHOPTFBR) Share PricePeer
- Birla Cable (BIRLACABLE) Share PricePeer
- Kavveri Defence & Wireless Technologies (KAVDEFENCE) Share PricePeer
- Optiemus Infracom (OPTIEMUS) Share PricePeer
- Sterlite Technologies (STLTECH) Share PricePeer
- Other overvalued NSE stocksScreener
- Top Gainers TodayScreener
- EMA Crossover ScreenerScreener
- Stock Quality ScorecardScreener
- All Technical ScreenersScreener
- All Trading StrategiesStrategy