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Swing Capital

ITI Ltd

NSE: ITI BSE: 523610Telecom

ITI Limited is engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The Company focuses on offering telephone communication services. [1]

₹283
52W: ₹233 — ₹373
PE 0 · Book ₹15.1 · +1774% vs book
Market Cap₹27,214 Cr
Stock P/E—Price to Earnings
ROCE1.33%Return on Capital
ROE16.2%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.

Weaknesses

  • −Stock is trading at 18.6 times its book value
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of -19.4% over last 3 years.
  • −Earnings include an other income of Rs.128 Cr.
  • −Company has high debtors of 403 days.

Shareholding Pattern

Promoters90.02%
FIIs0%
DIIs0.06%
Public2.03%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters90%90%90%90%90.02%▲0.090.02%90.02%90.02%
FIIs0.06%0.04%▼0.00.06%▲0.00%▼0.10.01%▲0.00%▼0.00%0%
DIIs0.03%0.03%0.04%▲0.00.04%0.04%0.05%▲0.00.05%0.06%▲0.0
Public2.01%2.02%▲0.01.99%▼0.02.04%▲0.12.04%2.05%▲0.02.04%▼0.02.03%▼0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales2462596015201,0161,0351,046498543515
Expenses2993027755331,0251,0451,074505545489
Operating Profit-53-43-174-13-9-11-28-7-125
OPM %-21%-17%-29%-2%-1%-1%-3%-1%0%5%
Net Profit-126-102-239-91-70-67-5-63-54-26
EPS ₹-1.31-1.06-2.49-0.95-0.73-0.7-0.05-0.66-0.56-0.27

AI Insights

Revenue Trend

TTM revenue at ₹2,602Cr, down 28% YoY. OPM at 0%.

Debt Position

Borrowings at ₹1,311Cr. Debt-to-equity ratio: 2.68x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹19Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.06% (+0.05pp change). FIIs: 0% (-0.08pp change). Promoters hold 90.02%.

Margin & Efficiency

ROCE improving from -13% (Mar 2014) to -1% (Mar 2025). Working capital days: -145.

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