Small Hotels

India Tourism Development Corporation Ltd.

ITDC

₹608.15

-1.33% (-8.2)

Market Cap

₹5,286 Cr.

P/E

64.83

India Tourism Development Corporation Ltd.
Overview
Financials
Benchmarking
Shareholding
Hotels

India Tourism Development Corporation Ltd.

India Tourism Development Corporation Ltd.
Overview
Financials
Benchmarking
Shareholding
Hotels

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on India Tourism Development Corporation Ltd. Shareprice

Has the share price of Ind Tourism Dev Corp grown faster than its competition?

Ind Tourism Dev Corp has given better returns compared to its competitors.
Ind Tourism Dev Corp has grown at ~-29.4% over the last 1yrs while peers have grown at a median rate of -34.86%

Is Ind Tourism Dev Corp stock expensive?

Ind Tourism Dev Corp is not expensive.
Latest PE of Ind Tourism Dev Corp is 64.83, while 3 year average PE is 87.33.
Also latest EV/EBITDA of Ind Tourism Dev Corp is 59.31 while 3yr average is 74.29.

View FAQ's On Business

Growth Table

India Tourism Development Corporation Ltd.
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-27.28	36.07	27.38	11.19	23.30	16.31	5.05	0.99	10.78	11.79
TTM EPS CAGR	15.08	17.06	132	—	77.34	15.86	16.53	16.14	23.90	40.53
Sales CAGR	11.94	12.95	25.99	34.96	11.09	9.17	8.58	7.06	3.48	2.21
PAT Margin (Abs Growth)	1.43	11.89	32.83	6.86	1.03	4.84	9.50	9.46	6.84	11.54
PE CAGR	-38.65	16.32	-44.88	—	-30.46	0.48	-10.33	-13.15	-10.29	-20.36
CFO CAGR	-460	64.53	—	51.50	—	18.89	—	15.96	—	8.04

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

India Tourism Development Corporation Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	576	580	621	623	581	527	543	892	1,034	746
Non Current Assets	97.42	112	111	105	109	106	114	106	102	95.41
Net Block	51.08	57.38	57.40	55.22	51.16	45.11	39.72	45.70	40.27	41.55
Capital Work in Progress	8.12	13.41	4.00	6.03	6.25	6.46	10.64	3.35	4.34	5.46
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	0.15
Long Term Investments	—	—	—	—	—	—	—	—	—	—
Current Assets	512	505	552	558	509	456	470	827	963	651
Inventory	14.56	13.17	10.75	10.11	9.93	10.96	10.04	10.39	12.68	18.76
Accounts Receivable	109	97.34	103	96.52	97.07	66.15	70.84	78.27	75.16	120
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Cash & Bank Balances	284	269	313	292	262	232	219	463	570	220
Liabilities	576	580	621	623	581	527	543	892	1,034	746
Shareholders Funds	302	306	307	329	320	281	283	338	389	364
Share Capital	85.77	85.77	85.77	85.77	85.77	85.77	85.77	85.77	85.77	85.77
Reserves	216	221	222	243	234	195	198	252	303	278
Non Current Liabilities	19.84	24.47	37.52	20.47	40.21	21.88	15.38	15.66	-8.91	27.68
Secured Loans	3.61	4.02	—	—	—	—	—	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	—
Current Liabilities	252	255	279	278	228	233	254	549	664	366
Accounts Payable	57.70	68.00	60.77	63.62	55.80	46.19	61.92	93.13	87.95	124
Short Term Loans	0.64	0.71	1.04	1.15	0.92	0.63	0.63	0.63	0.63	0.64

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

India Tourism Development Corporation Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	459	349	346	354	347	177	294	461	532	588
Operating Expenses	443	336	358	329	325	222	292	389	431	502
Raw Material	41.49	36.02	31.28	28.81	27.49	13.53	19.53	33.93	36.28	211
Material Cost (%)	8.64	10.73	9.12	8.17	7.84	6.62	6.90	7.20	6.65	34.99
Employee Cost	145	120	144	113	126	104	102	112	101	99.17
Power & Fuel Cost	32.00	22.94	22.17	22.71	21.67	13.22	15.80	22.73	26.71	—
Operating Profit	15.90	13.47	-11.80	25.24	22.01	-44.30	2.11	71.42	101	85.42
Other Income	28.98	26.41	26.82	21.86	21.31	16.53	14.39	16.96	16.74	20.97
OPM (%)	3.46	3.86	-3.41	7.13	6.34	-24.99	0.72	15.50	19.05	14.53
Depreciation and Amortisation	8.90	6.89	7.21	7.22	7.51	6.94	6.64	7.00	6.89	6.62
Interest	0.65	0.87	0.56	0.66	1.00	1.11	1.05	0.89	3.23	1.00
Profit Before Tax	27.38	21.35	38.11	61.27	38.75	-33.79	7.42	80.48	108	98.77
Tax	9.82	8.14	8.91	17.90	16.48	0.85	3.33	25.88	37.22	17.42
Net Profit	17.85	7.45	11.57	39.29	20.33	-34.79	4.24	55.12	70.33	80.83
Number of shares(Crs)	8.58	8.58	8.58	8.58	8.58	8.58	8.58	8.58	8.58	—
Dividend Payout Ratio(%)	72.08	153	137	45.85	0.00	0.00	0.00	34.23	30.73	—

TTM Values as of Mar 2025

Cash Flow

India Tourism Development Corporation Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	12.95	-7.02	14.99	-28.77	8.04	-12.97	15.64	-11.76	42.33	52.84
Profit Before Tax	27.38	14.27	37.05	59.23	38.75	-33.79	7.42	80.48	108	98.08
Adjustments	-10.97	-3.08	-23.21	-19.60	-23.93	-5.90	11.96	13.62	4.85	4.54
OCF Before Working Capital	16.40	11.19	13.84	39.63	14.82	-39.69	19.38	94.10	113	103
Working Capital Changes	6.20	-5.91	11.01	-58.78	3.09	38.42	-3.75	-100	-43.18	-38.65
Taxes Paid	-9.66	-12.30	-9.86	-9.62	-9.88	-11.70	—	-5.78	-27.21	-11.13
Cash from Investing Activity	15.04	-1.21	7.43	23.03	11.40	10.90	4.90	-2.98	4.30	-4.40
Net Fixed Assets Purchased	-8.43	-20.54	-15.77	4.80	-5.07	-4.18	-5.26	-12.96	-1.46	-9.62
Fixed Assets Purchased	-8.43	-20.54	-17.21	-10.18	-5.07	-4.19	-5.53	-13.02	-1.49	-9.62
Fixed Assets Sold	0.00	0.00	1.45	14.98	—	0.01	0.27	0.06	0.03	0.00
Investment Purchased	—	—	—	—	—	—	—	—	—	—
Investment Sold	—	—	1.83	—	—	—	—	—	—	—
Interest Recieved	24.95	19.33	21.37	18.23	16.47	15.08	10.16	9.98	5.76	8.96
Dividends Recieved	—	—	—	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-20.83	-14.86	-9.16	-19.59	-21.60	-0.14	—	—	-19.06	-21.61
Proceeds From Shares	—	—	—	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds From Borrowings	—	—	—	—	—	—	—	—	—	—
Repayment From Borrowings	—	—	—	—	—	—	—	—	—	—
Interest Paid	-0.65	-1.05	-0.95	-1.05	-0.08	-0.77	—	—	—	—
Dividend Paid	-17.15	-12.87	-11.41	-15.87	-18.01	—	—	—	-18.87	-21.61
Net Cash Flow	7.16	-23.09	13.27	-25.33	-2.17	-2.06	20.54	-14.75	27.58	26.83
Opening Cash & Cash Equivalents	277	61.05	37.72	51.02	25.70	23.67	21.55	42.16	27.32	55.58
Effect of FX	—	—	—	0.01	0.14	-0.05	0.06	-0.09	-0.08	-0.00
Closing Cash & Cash Equivalents	284	37.96	50.99	25.70	23.67	21.55	42.16	27.32	54.82	82.41
Net Capex (est)	8.43	20.54	15.77	-4.80	5.07	4.18	5.26	12.96	1.46	9.62
Free Cash Flow (est)	4.52	-27.55	-0.77	-23.98	2.97	-17.15	10.38	-24.73	40.87	43.22

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	1.99	1.98	1.93	1.95	1.97	2.19	1.91	1.81	1.49	1.43
Liquid Assets (Crs)	507	498	492	542	548	499	445	460	817	950
Current Liabilities (Crs)	255	252	255	279	278	228	233	254	549	664
Current Ratio	2.04	2.04	1.98	1.98	2.00	2.23	1.96	1.85	1.51	1.45
Current Assets (Crs)	520	512	505	552	558	509	456	470	827	963
Current Liabilities (Crs)	255	252	255	279	278	228	233	254	549	664
Interest Coverage Ratio	87.41	42.84	25.66	69.45	94.31	39.74	-29.43	8.07	91.33	34.36
EBIT (Crs)	32.42	35.97	33.00	7.81	39.88	35.81	-34.71	9.86	81.37	111
Interest Expenses (Crs)	0.42	0.65	0.87	0.56	0.66	1.00	1.11	1.05	0.89	3.23
Fixed Asset Turnover	2.81	2.50	5.28	4.81	4.79	4.56	2.30	3.77	5.07	5.77
Net Sales (Crs)	492	459	349	346	354	347	177	294	461	532
Fixed Assets (Crs)	175	183	66.09	71.85	73.92	76.12	77.06	78.01	90.84	92.24
Cash Conversion Cycle	-318	-419	-490	-627	-672	-689	-1,396	-874	-785	-874
Inventory Days	9.80	10.88	14.50	12.63	10.76	10.55	21.52	13.02	8.09	7.91
Days Receivable	75.03	91.02	108	105	103	102	168	84.94	59.05	52.63
Days Payable	403	521	613	745	785	801	1,586	972	853	934
Debt to Equity Ratio	0.01	0.01	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt (Crs)	3.78	4.25	4.73	1.04	1.15	0.92	0.63	0.63	0.63	0.63
Shareholders Equity (Crs)	300	302	306	307	329	320	281	283	338	389
Free Cash Flow/Sales (%)	-8.89	0.98	-7.89	-0.22	-6.77	0.86	-9.67	3.53	-5.37	7.68
Free Cash Flow(est) (Crs)	-43.75	4.52	-27.55	-0.77	-23.98	2.97	-17.15	10.38	-24.73	40.87
Net Sales (Crs)	492	459	349	346	354	347	177	294	461	532
Profitability Ratios
Gross Margin (%)	90.58	91.36	89.27	90.88	91.83	92.16	93.38	93.10	92.80	93.35
Op Profit Margin (%)	2.29	3.46	3.86	-3.41	7.13	6.34	-24.99	0.72	15.50	19.05
Operating Profit (Crs)	43.71	44.88	39.88	15.02	47.10	43.32	-27.77	16.50	88.38	118
Net Sales (Crs)	492	459	349	346	354	347	177	294	461	532
Net Profit Margin (%)	6.47	3.89	2.13	3.35	11.10	5.86	-19.63	1.44	11.96	13.22
Net Profit (Crs)	31.85	17.85	7.45	11.57	39.29	20.33	-34.79	4.24	55.12	70.33
Net Sales (Crs)	492	459	349	346	354	347	177	294	461	532
ROCE (%)	9.89	11.09	10.16	2.28	11.57	10.13	-11.82	3.41	23.69	30.10
EBIT (Crs)	32.42	35.97	33.00	7.81	39.88	35.81	-34.71	9.86	81.37	111
Capital Employed (Crs)	328	325	325	342	345	353	294	289	343	369
Return on Assets (%)	5.47	3.10	1.28	1.86	6.31	3.50	-6.61	0.78	6.18	6.80
Net Profit (Crs)	31.85	17.85	7.45	11.57	39.29	20.33	-34.79	4.24	55.12	70.33
Total Assets (Crs)	582	576	580	621	623	581	527	543	892	1,034
ROIC (%)	-0.03	12.55	7.72	-62.52	25.58	9.27	-87.96	-3.68	-35.93	-30.47
Op Profit after Taxes (Crs)	-0.01	4.48	4.07	-14.57	12.76	8.33	-52.54	-2.50	43.71	61.86
Invested Capital (Crs)	46.02	35.74	52.77	23.30	49.85	89.84	59.73	67.87	-122	-203
ROE (%)	10.63	5.91	2.43	3.76	11.94	6.36	-12.38	1.50	16.31	18.08
Net Profit Margin (%)	6.47	3.89	2.13	3.35	11.10	5.86	-19.63	1.44	11.96	13.22
Asset Turnover ratio	0.84	0.80	0.60	0.56	0.57	0.60	0.34	0.54	0.52	0.51
Equity Multiplier	1.94	1.91	1.89	2.02	1.89	1.82	1.87	1.92	2.64	2.66
Adjusted EPS	3.71	2.08	0.87	1.35	4.58	2.37	-4.06	0.49	6.43	8.20
Valuation Ratios
P/E	30.64	109	477	336	61.14	54.83	0.00	766	45.91	77.01
Price to Book	3.26	6.43	11.60	12.65	7.30	3.48	11.72	11.48	7.49	13.92
EV/EBITDA	16.08	36.99	82.47	238	44.84	19.72	-110	184	23.41	41.05
Dividend Yield (%)	1.76	0.66	0.32	0.41	0.75	0.00	0.00	0.00	0.75	0.40

Quarterly Results

India Tourism Development Corporation Ltd.
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	118	154	118	131	135	141	84.91	154	149	200
Operating Expenses	94.64	134	95.83	107	112	116	77.10	134	124	168
Increase/Decrease in Stock	0.00	-0.74	0.00	0.00	0.00	-0.91	0.00	0.00	0.00	-5.42
Raw Material	25.83	38.56	37.38	42.62	40.43	34.69	16.99	63.54	49.57	81.06
Employee Cost	30.50	32.34	22.18	25.27	27.99	27.42	21.87	25.13	26.18	25.99
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	23.40	20.20	22.34	23.96	22.64	24.57	7.81	20.01	25.40	32.20
Other Income	6.17	2.18	4.39	3.06	4.66	6.43	3.56	6.08	6.77	4.56
Interest	0.36	0.15	0.20	0.23	0.20	2.60	0.14	0.16	0.33	0.37
PBDT	29.20	22.23	26.53	26.79	27.10	28.31	11.23	25.93	31.84	36.39
Depreciation and Amortization	1.94	1.23	1.67	1.79	1.74	1.48	1.59	1.61	1.82	1.61
Profit Before Tax	27.26	21.00	24.86	25.00	25.36	26.82	9.64	24.32	30.02	34.79
Tax	4.62	11.25	7.69	5.89	7.42	16.22	-2.14	0.49	9.27	9.80
Profit After Tax	22.65	9.75	17.17	19.11	17.94	10.60	11.78	23.83	20.75	24.99
Exceptional Items	0.00	0.00	0.00	0.00	-0.00	-0.09	0.00	0.00	0.00	0.00
Net Profit	22.62	10.00	17.31	19.18	18.03	9.98	11.82	23.83	20.77	25.11
Quarterly Ratios
EPS	2.64	1.17	2.02	2.24	2.10	1.16	1.38	2.78	2.42	2.93
Operating Profit Margin	19.82	13.14	18.90	18.28	16.78	17.42	9.20	13.02	17.00	16.10
Net Profit Margin	19.15	6.32	14.49	14.48	13.26	7.05	13.80	15.39	13.81	12.42

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

65.10%

Implied Growth Rate over a 5 year period*

24.80%

Implied Growth Rate over a 10 year period*

11.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on India Tourism Development Corporation Ltd. Financials

How strong is Ind Tourism Dev Corp balance sheet?

Balance sheet of Ind Tourism Dev Corp is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Ind Tourism Dev Corp increasing or decreasing?

Yes, The net debt of Ind Tourism Dev Corp is increasing.
Latest net debt of Ind Tourism Dev Corp is -₹219.32 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹1,138.5 Crs.

Is the profitablity of Ind Tourism Dev Corp improving?

Yes, profit is increasing.
The profit of Ind Tourism Dev Corp is ₹80.83 Crs for TTM, ₹70.33 Crs for Mar 2024 and ₹55.12 Crs for Mar 2023.

Does Ind Tourism Dev Corp pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Ind Tourism Dev Corp latest dividend payout ratio is 30.73% and 3yr average dividend payout ratio is 32.48%

How has Ind Tourism Dev Corp allocated its funds?

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments

View FAQ's On Shareholding

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India Tourism Development Corporation Ltd.

India Tourism Development Corporation Ltd.

Has the share price of Ind Tourism Dev Corp grown faster than its competition?

Is Ind Tourism Dev Corp stock expensive?

How strong is Ind Tourism Dev Corp balance sheet?

Is the debt of Ind Tourism Dev Corp increasing or decreasing?

Is the profitablity of Ind Tourism Dev Corp improving?

Does Ind Tourism Dev Corp pay decent dividends?

How has Ind Tourism Dev Corp allocated its funds?

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