I

ITI Ltd.

ITINSE
Market snapshot · 2026-08-10 22:29 UTC

286.00

+₹3.60 (+1.27%)

MARKET CAP

₹27.54K Cr

STOCK P/E

93.8x

52W HIGH

₹372.85

52W LOW

₹237.00

BOOK VALUE

₹19.81

EPS

₹3.05

ROE

16.59%

SECTOR

Communication Services

DEBT/EQUITY

40.14

VOLUME

14.65L

P/B RATIO

14.44x

PEG RATIO

Sector

Communication Services

Themes

Telecom EquipmentsPsuPresident of India Portfolio
₹340.50₹315.95₹291.40₹266.85₹242.30VolumeAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

ITI Ltd. is an Indian telecom equipment manufacturer and communication-network infrastructure provider. Switching, transmission, access, and subscriber-premises equipment anchor its telecom portfolio and revenue base. It also supplies 4G radio equipment and defence electronics, including encryptors, while manufacturing optical fibre cable, solar modules, smart meters, and contract-produced devices. Recent employment initiatives for ITI graduates offer limited direct earnings impact; no disclosed development currently supports a quantified margin catalyst. Profit growth of 236.3% and improving margins contrast with 39.6% revenue contraction, indicating earnings improvement from a smaller base. ROE is 16.6%, but debt-to-equity of 40.14 implies extreme leverage, materially amplifying both returns and financial risk. At 92.6 times earnings, ITI is overvalued and trades at a substantial premium despite negative growth. The key investor question is whether 4G, defence, and network-infrastructure orders can restore scale without further balance-sheet pressure.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ITI.

Coverage check

Price Forecast

Current
₹286.00
High Target
Median Target
Low Target
Now₹286.00Aug '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹218.48 - ₹350.3480%
6M₹191.66 - ₹373.7380%
12M₹156.19 - ₹401.6180%
Realized vol: +36.8% · Drift: -6.5%

Revenue Forecast

₹ Cr
Mar '26Current₹628.0
Sep 2026 ETrend estimate range
High₹410.5Base₹380.1Low₹349.7
Jun '25: ₹498.0 · Sep '25: ₹543.0 · Dec '25: ₹515.0 · Mar '26: ₹628.0 · Sep '26: ₹380.1 · Dec '26: ₹360.5
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E498.0543.0515.0628.0380.1360.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹4.53
Sep 2026 ETrend estimate range
High₹-0.68Base₹-0.60Low₹-0.53
Jun '25: ₹-0.66 · Sep '25: ₹-0.56 · Dec '25: ₹-0.27 · Mar '26: ₹4.53 · Sep '26: ₹-0.60 · Dec '26: ₹-0.29
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E-0.66-0.56-0.274.53-0.60-0.29
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
63%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Strong

Fundamentals institutional score is 73 using EVA spread proxy 4.6%; growth durability 66.7.

Valuation

Premium valuation

Valuation institutional score is 33 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Strong Trend

Technicals institutional score is 91 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while valuation and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score91%
Fundamental Score73%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 3.8% below historical median. Valuation is declining — currently in the undervalued zone (z-score: -0.1). Confidence: 84%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Undervalued

5Y Average

71.11

Current

92.59

Overvalued

101.48

Undervalued

88.70

P/S
Strongly Overvalued

5Y Average

9.56

Current

12.61

Overvalued

13.20

Undervalued

4.93

EV/EBITDA
Undervalued

5Y Average

Current

640.38

Overvalued

736.44

Undervalued

544.32

Peers & Comparison

Sector: Communication Services · Theme: Telecom Equipments

Telecom Equipments Peers3 peers
Avg P/E: 96.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
HFCL LIMITED
HFCLTelecom Equipments
+119.9%9.6%
55.3x
Undervalued
-43% vs avg
+184.2%
STERLITE TECHNOLOGIES LTD
STLTECHTelecom Equipments
+87.4%4.3%
138.6x
Premium
+43% vs avg
+400.9%
TEJAS NETWORKS LIMITED
TEJASNETTelecom Equipments
+99.1%-70.4%
-8.8%
WHY THESE PEERS

ITI LTD trades in line with peers (93.8x vs avg 96.9x), reflecting a fair valuation within the Telecom Equipments cohort. Peers include HFCL LIMITED, STERLITE TECHNOLOGIES LTD, TEJAS NETWORKS LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹628 CrMar 2026

Latest net profit

₹436 CrMar 2026

Latest EPS

₹4.53Mar 2026

Net margin

4.3%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26-3.0%0.0%3.0%6.0%9.0%-350 Cr0.00 Cr350 Cr700 Cr1.05K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr300 Cr600 Cr900 Cr1.20K Cr₹-2₹0₹2₹4₹6
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr200 Cr400 Cr600 Cr800 Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-3.50K Cr0.00 Cr3.50K Cr7.00K Cr10.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +7751572462596015201,0161,0351,046498543515628
Expenses +7812062993027755331,0251,0451,074505545489601
Operating Profit-6-49-53-43-174-13-9-11-28-7-12527
OPM %-0.8%-31%-21%-17%-29%-2.4%-0.8%-1.0%-2.7%-1.5%-0.2%4.9%4.3%
Other Income +101310139-111420989138472
Interest63556957605362644551534845
Depreciation13121314141414132915131118
Profit before tax-73-103-126-102-239-91-70-67-5-63-54-26436
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit +-73-103-126-102-239-91-70-67-5-63-54-26436
EPS in Rs-0.77-1.07-1.31-1.06-2.49-0.95-0.73-0.70-0.05-0.66-0.56-0.274.53
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +90.02%90.02%90.02%90.02%90.02%
FIIs +0.01%0.08%
DIIs +0.04%0.05%0.05%0.06%0.06%
Government +7.88%7.88%7.88%7.88%7.88%
Public +2.04%2.05%2.04%2.03%1.94%
Others0.01%0.01%0.01%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Clarification sought from ITI Ltd

Aug 10, 2026LinkCompany Reports Open

Board Meeting Intimation for To Consider And Approve The Un-Audited Financial Results For The Quarter Ended 30.06.2026.

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Credit Rating

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Directorate

Aug 01, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Directorate

Jul 27, 2026PDFCompany Reports Open