ITDC

OVERVALUED

India Tourism Development Corporation Limited

Hotels & Hospitality · NSE

168.2% vs fair value

52W Low

368

+49.4% from low

52W High

713

-22.9% from high

News sentiment
12 bull14 neu5 bear

Valuation Gauge

OVERVALUED-168.2% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹550

Fair Value

₹205

Fair Value Analysis

₹205

Based on earnings growth potential for Hotels & Hospitality sector companies | Sector-expensive: P/E at 97th percentile vs sector peers. | ROCE improving (latest 23.3%) — capital allocation becoming more efficient. | COVID-resilient: PAT dropped from ₹38Cr (FY2019) to ₹-37Cr (FY2021) during COVID but has fully recovered.

Low confidence

Growth Valuation

100% weight

₹205

Price vs Market

ITDC
Nifty 50

Shareholding Pattern

Stock Health Score

B+

Financially Healthy

7.9 / 10

Profitability

10/10

ROE of 23.6% is above the Hotels & Hospitality sector benchmark of 15% — strong returns

Debt & Leverage

10/10

D/E ratio of 0.0x is well within the Hotels & Hospitality sector norm of 0.8x — strong balance sheet

Valuation vs Peers

4/10

P/E of 58.7x is 17% above the Hotels & Hospitality sector median of 50x — slightly expensive

Cash Flow

6/10

FCF margin of 7.6% — healthy cash generation (₹43 Cr)

Earnings Growth

10/10

5yr EPS CAGR of 167.9% is well above the Hotels & Hospitality sector average of 15.0% — strong growth

Dividend

6/10

Dividend yield of 0.5% provides moderate shareholder returns

Company Health Timeline

10-year financial health at a glance

FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
63
38
38
63
63
13
50
88
100
100
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

1.1%

Free cash flow / market cap

Revenue Growth (YoY)

+75.0%

Year-on-year revenue change

Profit Growth (YoY)

+32.8%

Year-on-year PAT change

Operating Cash Flow

₹53 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹9.3

P/E Ratio

58.7x

P/B Ratio

13.8x

ROE

23.6%

ROCE

26.3%

Debt / Equity

0x

Beta

0.87

Div Yield

0.5%

FCF (Cr)

₹43 Cr

Revenue (Cr)

₹570 Cr

EPS Growth 5Y

167.9%

Mkt Cap (Cr)

₹4,703 Cr

52W High

₹712.8

52W Low

₹368

Book Value/Share

₹39.6

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
TTM₹591 Cr₹93 Cr16.0%₹79 Cr₹9.27
2025-03-31₹570 Cr₹85 Cr15.0%₹81 Cr₹9.51
2024-03-31₹509 Cr₹94 Cr18.0%₹64 Cr₹7.53
2023-03-31₹461 Cr₹71 Cr16.0%₹54 Cr₹6.43
2022-03-31₹289 Cr₹-1 Cr0.0%₹6 Cr₹0.79
2021-03-31₹177 Cr₹-44 Cr-25.0%₹-37 Cr₹-4.06
2020-03-31₹347 Cr₹18 Cr5.0%₹19 Cr₹2.37
2019-03-31₹354 Cr₹19 Cr5.0%₹38 Cr₹4.58
2018-03-31₹346 Cr₹-27 Cr-8.0%₹14 Cr₹1.35
2017-03-31₹349 Cr₹9 Cr3.0%₹9 Cr₹0.87
2016-03-31₹459 Cr₹18 Cr4.0%₹18 Cr₹2.08
2015-03-31₹492 Cr₹14 Cr3.0%₹32 Cr₹3.71
2014-03-31₹459 Cr₹-12 Cr-3.0%₹8 Cr₹0.95

Compounded Growth Rates

Sales Growth

3Y+8.6%
5Y+27.3%
10Y+2.6%

Profit Growth

3Y+13.5%
5Y
10Y+15.9%

EPS Growth

3Y+13.0%
5Y
10Y+16.1%

Peer Comparison

Hotels & Hospitality
StockPriceFair ValueMoS%P/EROESignal

Ecos (India) Mobility & Hospitality Limited

₹131.9₹586.6+77.5%13.425.5%FAIRLY_VALUED

Asian Hotels (East) Limited

₹165₹543.7+69.7%8.612.9%FAIRLY_VALUED

EIH Associated Hotels Limited

₹327₹765.8+57.3%20.2113.3%UNDERVALUED

Thomas Cook India

₹91.7₹166.4+44.9%189.3%UNDERVALUED

Advent Hotels International Limited

₹145.8₹261.6+44.3%13.28.4%FAIRLY_VALUED

Taj GVK Hotels & Resorts

₹320.1₹530+39.6%15.515.0%UNDERVALUED

Royal Orchid Hotels Limited

₹338₹447.1+24.4%23.915.9%FAIRLY_VALUED

Kamat Hotels (I) Limited

₹162₹182.8+11.4%15.211.3%FAIRLY_VALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Exchange Filings

BSE announcements · last 90 days

Loading filings…

Share this Stock

Download card · Share on WhatsApp

ITDC share card

Share on WhatsApp, Twitter, or any group — each share brings new users to Veritas Quant