ITI Ltd.

NSE: ITI · Telecommunication

₹248.85-0.58%06 Nov 2026

Check figures: unusual quarterly results in MAR '24 (₹-238.82 cr vs a typical ₹14.01 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about ITI Ltd. — computed from its filings, no language model

Market cap₹23,961 cr

Current price₹248.85

High / Low₹329 / ₹215

P/E—

P/B12.57

Book value₹19.8

ROE-5.9%

ROCE17.8%

Debt / equity0.40

Dividend yield—

EPS (TTM)₹-1.16

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	1,475	2,059	2,362	1,861	1,395	1,264	2,184
EBITDA	81	150	51	109	-154	-319	44
Operating margin	5.5%	7.3%	2.2%	5.8%	-11.0%	-25.2%	2.0%
Interest	153	141	160	192	210	241	197
Depreciation	25	42	42	50	50	53	56
Profit before tax	231	151	11	121	-360	-569	293
Tax	0	0	0	0	0	0	0
Net profit	231	0	0	120	-360	-569	0
EPS ₹	3.18	1.59	0.10	1.28	-3.81	-5.93	3.04
Operating cash flow	—	—	—	-432	-294	974	-135
Capex	—	—	—	60	0	0	4
Dividend paid	—	—	—	0	0	0	0
Total assets	7,045	—	—	—	9,491	9,598	9,347
Equity	2,425	—	—	—	2,374	1,784	1,906

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	MAR '18	JUN '18	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	790	189	284	563	420	828	650	165	434	497	1,266	229	352	137	1,142	166	198	256	775	157	246	259	601	520	1,016	1,035	543	515	628	425
Operating profit	67	-86	-77	-19	43	65	69	-60	-78	9	179	-44	-7	-38	197	-64	-49	-35	-6	-49	-53	-44	-174	-13	-9	-11	-1	25	-111	2
Operating margin	8.5%	-45.8%	-27.1%	-3.4%	10.3%	7.8%	10.7%	-36.3%	-17.9%	1.9%	14.2%	-19.3%	-1.9%	-27.5%	17.3%	-38.4%	-24.7%	-13.5%	-0.8%	-31.2%	-21.4%	-16.8%	-28.9%	-2.4%	-0.8%	-1.0%	-0.2%	4.9%	-17.7%	0.4%
Other income	90	125	125	73	11	151	12	9	78	10	65	12	10	7	226	22	10	10	10	13	10	13	9	15	15	20	15	12	13	8
Interest	39	29	32	31	37	36	36	41	45	40	34	45	45	50	52	46	50	51	63	55	69	57	60	53	62	64	53	48	81	30
Depreciation	10	7	8	9	10	12	9	11	11	11	9	11	15	12	13	12	12	12	13	12	13	14	14	14	14	13	13	11	-95	13
Profit before tax	108	3	8	14	7	168	36	-102	-56	-32	201	-88	-56	-93	357	-99	-100	-87	-73	-103	-126	-102	-239	-91	-70	-67	-54	-26	375	-32
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net profit	108	3	0	0	0	168	0	-102	0	0	0	0	-56	-93	356	0	0	0	-72	0	-126	-101	-239	0	-70	-49	-54	-25	0	-32
EPS ₹	1.00	-0.05	0.28	0.21	0.12	1.79	0.29	-1.11	-0.61	-0.34	2.16	-0.94	-0.60	-0.99	3.81	-1.06	-1.07	-0.93	-0.77	-1.08	-1.32	-1.05	-2.49	-0.95	-0.73	-0.51	0.00	-0.26	3.90	-0.33
Revenue YoY	—	—	—	—	47.9%	47.0%	—	—	3.4%	-40.0%	94.7%	39.0%	-18.8%	-72.4%	-9.9%	-27.5%	-44.0%	86.7%	-32.1%	-5.6%	24.8%	1.0%	-22.4%	231.1%	312.3%	299.7%	-46.5%	-50.3%	—	—
Profit YoY	—	—	—	—	—	—	—	—	—	-100.0%	—	—	—	—	—	—	—	—	-120.2%	—	—	—	—	—	—	—	—	—	—	—

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

ITI Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,785	4,661	2,102	917	843	709	574	1,190	1,529
Operating profit	-481	-482	-478	-295	-286	-242	-210	-172	-49
Operating margin	-27.0%	-10.3%	-22.8%	-32.2%	-33.9%	-34.2%	-36.6%	-14.5%	-3.2%
Other income	170	351	204	24	33	37	85	484	375
Interest	290	127	84	92	89	124	157	157	153
Depreciation	29	27	24	22	18	17	15	13	17
Profit before tax	-635	-294	-382	-385	-312	-344	-297	139	156
Tax	1	0	0	0	-130	0	0	-112	-149
Net profit	-636	-294	-382	-385	-182	-344	-297	251	305

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	321	263	364	161	311	316	997	1,110	796	1,154	1,602	1,002	541	295	265	128	174	177	438	134	202	206	301	118	158	155	278	97	124	160	193	126	330	259	476	326	282	221	700	175	241	251
Operating profit	-62	-58	-101	-79	-97	-67	-238	-38	-40	-47	-357	-52	-71	-87	-268	-72	-65	-75	-82	-83	-74	-74	-55	-100	-71	-68	-2	-70	-78	-50	-13	-75	-26	-46	-25	-35	-36	-25	46	-38	22	12
Operating margin	-19.2%	-22.1%	-27.8%	-49.3%	-31.3%	-21.2%	-23.8%	-3.5%	-5.0%	-4.1%	-22.3%	-5.2%	-13.2%	-29.6%	-101.1%	-56.2%	-37.4%	-42.6%	-18.8%	-62.2%	-36.6%	-35.6%	-18.2%	-84.7%	-45.1%	-44.2%	-0.8%	-71.7%	-62.8%	-31.2%	-6.6%	-60.1%	-7.8%	-17.8%	-5.3%	-10.7%	-12.8%	-11.3%	6.6%	-21.9%	9.3%	5.0%
Other income	11	11	372	6	8	7	149	7	8	10	327	7	33	10	154	7	5	5	7	4	5	4	21	7	6	6	19	5	10	8	61	45	37	96	306	31	173	-1	172	83	66	106
Interest	64	63	83	76	58	65	91	68	40	10	8	13	16	21	35	17	20	21	34	20	24	14	31	24	29	34	37	35	38	40	45	38	41	39	39	37	37	35	44	40	37	37
Depreciation	10	8	7	8	8	8	6	7	6	6	7	7	6	6	5	6	5	6	4	5	5	5	3	5	5	4	4	4	4	4	2	4	4	4	2	3	4	3	7	5	5	5
Profit before tax	-124	-118	25	-157	-155	-132	-191	-108	-78	-53	-55	-64	-60	-104	-154	-88	-85	-98	-114	-105	-98	-89	-20	-122	-99	-101	-23	-104	-110	-86	2	-72	-34	7	237	-44	97	-66	169	0	46	76
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-130	0	0	0	0	0	0	0	0	-112	0	0	0	-55	-94	0	0	0	0	0
Net profit	-124	-118	25	-157	-155	-132	-191	-108	-78	-53	-55	-64	-60	-104	-154	-88	-85	-98	-114	-105	-98	-89	110	-122	-99	-101	-23	-104	-110	-86	2	41	-34	7	237	11	191	-66	169	0	46	76
EPS ₹	-4.31	-4.09	0.85	-5.45	-5.38	-4.59	-6.64	-3.74	-2.71	-1.85	-1.92	-2.22	-2.08	-3.62	-5.34	-3.06	-2.96	-3.41	-3.94	-3.65	-3.39	-3.09	3.81	-4.45	-3.67	-3.73	-1.03	-3.83	-4.06	-3.21	—	1.18	-1.41	0.01	8.00	0.15	5.22	-1.51	3.11	-0.12	0.68	1.20
Revenue YoY	—	—	—	—	-3.3%	20.2%	173.9%	588.8%	156.0%	264.7%	60.7%	-9.8%	-32.0%	-74.4%	-83.5%	-87.2%	-67.7%	-40.0%	65.2%	4.6%	15.7%	16.7%	-31.2%	-12.1%	-21.5%	-24.9%	-7.8%	-17.7%	-21.7%	3.6%	-30.5%	29.4%	166.0%	61.4%	146.8%	159.6%	-14.7%	-14.6%	47.1%	-46.2%	-14.5%	13.4%
Profit YoY	—	—	—	—	—	—	-877.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-120.9%	—	—	—	—	—	—	—	10213.9%	-72.4%	—	-1023.2%	-28.9%	-96.7%	-75.8%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	DEC '18	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '26
ROE	4.6%	2.4%	2.4%	-3.7%	-3.7%	0.0%	-2.0%	-5.4%	7.6%	7.6%	10.6%	14.3%	-3.0%	-3.0%	-9.4%	-14.1%	-26.1%	-26.1%	-25.3%	-22.1%	-5.9%
ROCE	7.2%	6.5%	5.1%	0.2%	4.3%	4.8%	4.8%	3.5%	7.9%	7.6%	6.1%	6.3%	-3.5%	-3.4%	-3.7%	-3.9%	-9.2%	-8.9%	-8.1%	-6.9%	17.8%
Net margin	6.1%	3.2%	3.2%	-5.9%	-4.3%	0.0%	-2.4%	-7.5%	11.2%	11.6%	16.0%	20.2%	-5.2%	-5.2%	-13.8%	-20.8%	-36.9%	-28.7%	-17.1%	-11.3%	-5.3%
EBITDA margin	-6.3%	5.7%	-0.2%	-3.3%	2.2%	2.8%	5.9%	4.6%	5.8%	5.0%	2.9%	2.8%	-11.0%	-10.0%	-9.9%	-10.5%	-25.2%	-17.4%	-10.0%	-6.5%	-4.0%
Debt / equity	0.51	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.72	0.72	0.79	0.79	0.92	0.92	1.01	1.01	1.05	1.05	0.40
Interest coverage	2.00	1.73	1.30	0.05	1.07	1.16	1.16	0.80	1.63	1.57	1.33	1.35	-0.72	-0.66	-0.63	-0.65	-1.36	-1.32	-1.16	-0.95	2.24
Asset turnover	0.26	0.29	0.30	0.25	0.34	0.35	0.34	0.28	0.27	0.26	0.18	0.19	0.15	0.15	0.16	0.16	0.13	0.17	0.24	0.31	0.23

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 10 periods

	MAR '17‡	MAR '18‡	MAR '19‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26
Share capital	560	760	897	950	950	961	961	961	961	963
Other equity / reserves	1,100	1,665	1,833	1,543	1,425	1,154	823	662	544	943
Total equity	1,660	2,425	2,730	2,493	2,374	2,115	1,784	1,623	1,504	1,906
Borrowings	1,179	1,226	1,259	1,788	1,876	1,940	1,795	1,701	1,311	765
Current liabilities	—	—	—	6,315	6,590	6,528	7,406	8,097	8,755	7,262
Non-current liabilities	—	—	—	404	527	414	407	368	170	179
Total assets	5,553	7,045	6,998	9,212	9,491	9,057	9,598	10,088	10,429	9,347
Property, plant & equipment	—	—	—	2,664	2,684	2,683	2,664	2,662	2,431	2,119
Capital work-in-progress	102	149	165	154	139	138	142	126	19	16
Investments	41	38	40	34	35	35	35	35	53	54
Inventories	142	156	149	242	250	242	222	273	260	206
Receivables	2,196	3,086	2,659	2,827	2,626	2,462	2,556	3,605	4,179	2,991
Cash & equivalents	24	41	27	5	9	6	105	15	8	24

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 9 periods

	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	-347	-113	24	-199	94	-432	-294	974	-135
Cash from investing	-75	-93	-126	-73	-304	178	46	-556	924
Cash from financing	468	364	-19	285	198	241	241	-322	-913
Capex	76	190	128	64	31	60	0	0	4
Free cash flow	-424	-302	-104	-263	63	-492	-294	974	-140
Dividends paid	—	—	—	—	—	0	0	0	0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹2,119 cr23%

CWIP

₹16 cr0%

Investments

₹54 cr1%

Inventories

₹206 cr2%

Receivables

₹2,991 cr32%

Cash & equivalents

₹24 cr0%

Other assets

₹3,938 cr42%

Peer comparison

largest in Telecommunication · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Bharti Airtel Ltd.	13,15,061	2,107.20	42.4	8.32	19.6%
Vodafone Idea Ltd.	1,38,246	12.76	3.7	—	—
Indus Towers Ltd.	1,01,066	383.10	14.2	2.56	18.0%
Bharti Hexacom Ltd.	83,220	1,664.40	42.3	11.38	26.9%
Tata Communications Ltd.	48,602	1,704.80	44.0	14.29	32.5%
Sterlite Technologies Ltd.	37,075	719.90	48.2	8.16	16.9%
HFCL Ltd.	32,239	210.66	37.2	5.71	15.4%
ITI Ltd.	23,961	248.85	—	12.57	-5.9%
Tata Teleservices (Maharashtra) Ltd.	7,775	39.77	26.0	—	—
Railtel Corporation Of India Ltd.	7,736	241.05	22.9	3.28	14.3%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.2%

6 months-18.0%

1 year-25.2%

3Y CAGR-3.6%

5Y CAGR+15.4%

10Y CAGR+23.0%

50-day avg₹249.81

200-day avg₹276.49

RSI (14)53

Compare ITI Ltd. with

Tata Communications vs ITI Sterlite Technologies vs ITI HFCL vs ITI ITI vs Tata Teleservices (Maharashtra)ITI vs Railtel Corporation Of India ITI vs Tejas Networks

FAQs

What is the share price of ITI Ltd.?

ITI Ltd. (ITI) closed at ₹248.85 on NSE on 06 Nov 2026.

What is the market cap of ITI Ltd.?

₹23,961 crore at the latest close.

How fast is ITI Ltd. growing?

ITI Ltd.: revenue has compounded at 5.5% a year over three years.

How profitable is ITI Ltd.?

On a trailing-twelve-month basis return on equity is -5.9%, return on capital employed 17.8%, operating margin -4.0%, net margin -5.3%.

How much debt does ITI Ltd. have?

ITI Ltd. is lightly geared: debt to equity is 0.40 with borrowings of ₹765 cr against cash of ₹24 cr (balance sheet of 2026-03-31). Operating profit covers interest 2.2 times.

Financials parsed from ITI Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.