ITI Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Indian Telephone Industries ltd operates in the field of manufacturing, trading and servicing of telecommunication equipment in India. Its products comprise global system for mobile communications (GSM)/code division multiple access (CDMA), defense products and diversified products. It offers various telecom products and solutions including switching, transmission, access and subscriber premises equipment. The company sells its products mainly in India as far as geography is concerned.
Latest Update – Net profit of ITI Ltd rose by 11.19% year-on-year to ₹-91.31Cr in Q1 2024-2025. On a quarterly basis, ITI Ltd has made a net profit surge of 61.77% in past three months.
ITI Overview
Contents
ITI Limited manufactures, trades, and services telecommunication equipment, as well as provides other related and supplementary services. The Company is primarily focused on providing telephone communication services.
| Company Name | Indian Telephone Industries ltd |
| Listed | NSE & BSE |
| Head Office | ITI Bhavan, Dooravaninagar, Bangalore, Karnataka – 560016 |
| Board Of Director |
|
| Official Website | itiltd.in |
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ITI Business Profile
ITI Limited is involved in the manufacture, sale and service of telecommunications equipment primarily in India. The telecommunications products and solutions that the company offers are switching, transmission, access and subscriber premises equipment. The company also provides energy meters, mini personal computers, 3D printing equipment, bank automation systems, Optical Line Terminals (OLT) and Optical Network Terminals (ONT) for gigabit passive optical networks (GPON), PCM multiplexers, defence ruggedized telephones, smart cards and banking cards, set-top boxes among others including handheld terminals for smart card authentication and Wi-Fi gear.
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Turnkey Projects
This segment of the company is engaged in several projects such as BharatNet, ASCON, Net for Spectrum, E-governance projects, FTTH Rollout for Bharti Airtel.
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Service Offerings
There are many services offered by the company, including contract manufacturing & equipment testing services, component screening lab, assembly & testing for various flight packages and IT products and services.
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Manufacturing/ Trading
The firm also engages in making and selling a wide variety of items within the category which include energy meters, GPON ONT, PCM multiplexers, telephones, military-grade rugged phones, wifi equipment, Internet of Things (IoT) devices, solar panels, radio modems and micro computers.
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Order Book
The order book of the company is approximately 12,000 crores. It has three major projects which are Mahanet, Gujnet and West Bengal within the BharatNet Phase-2 with cumulative worth of ~ 4800 cr. Also, it secured ASCON Phase 4 project amounting to nearly rupees7800 crores in October 2020 to be carried out over a time span of seven years.
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Key Clientele
BSNL, Mahanagar Telephone Nigam Ltd as well as the Indian Defense Services are some of the preferred clients of the firm. Various PSUs, the Ministry of Defense and other governmental agencies have been its partners in progress.
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Infrastructure Overview
Across India, the business has six production establishments at Bengaluru, Uttar Pradesh, Kerala, and Jammu and Kashmir (J&K) with an interconnected system unit located in Bangalore. It possesses three R&D divisions located in Bangalore, Naini (UP) and Mankap.
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ITI Fundamentals & Quarterly Results
| Metric | Value |
|---|---|
| Market Cap | ₹ 29,072 Cr. |
| Current Price | ₹ 303 |
| High / Low | ₹ 384 / 122 |
| Stock P/E | – |
| Book Value | ₹ 18.2 |
| Dividend Yield | 0.00 % |
| ROCE | -8.44 % |
| ROE | -27.8 % |
| Face Value | ₹ 10.0 |
| Debt to Equity | 1.03 |
| Debt Capacity | -0.03 |
| Debt (preceding year) | ₹ 1,877 Cr. |
| Debt | ₹ 1,796 Cr. |
| Reserves | ₹ 789 Cr. |
| EPS | ₹ -5.80 |
| EPS (last year) | ₹ -5.92 |
| Pledged Percentage | 0.00 % |
| FCF (Prev Ann) | ₹ -338 Cr. |
| EV/EBITDA | -127 |
| Industry PE | 76.7 |
| PEG Ratio | – |
| Piotroski Score | 3.00 |
| Earnings Yield | -0.97 % |
| Sales Growth (5 Years) | -5.41 % |
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ITI Quarterly Results
| Quarter | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 166 | 198 | 256 | 775 | 157 | 246 | 259 | 601 | 520 |
| Expenses | 230 | 246 | 291 | 781 | 206 | 299 | 302 | 775 | 533 |
| Operating Profit | -64 | -49 | -35 | -6 | -49 | -53 | -43 | -174 | -13 |
| OPM % | -38% | -25% | -14% | -1% | -31% | -21% | -17% | -29% | -2% |
| Other Income | 22 | 10 | 10 | 10 | 13 | 10 | 13 | 9 | -11 |
| Interest | 46 | 50 | 51 | 63 | 55 | 69 | 57 | 60 | 53 |
| Depreciation | 12 | 12 | 12 | 13 | 12 | 13 | 14 | 14 | 14 |
| Profit Before Tax | -99 | -100 | -87 | -73 | -103 | -126 | -102 | -239 | -91 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -99 | -100 | -87 | -73 | -103 | -126 | -102 | -239 | -91 |
| EPS in Rs | -1.06 | -1.06 | -0.92 | -0.77 | -1.07 | -1.31 | -1.06 | -2.49 | -0.95 |
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CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM / 1 Year |
|---|---|---|---|---|
| Compounded Sales Growth | 6% | -5% | -19% | 17% |
| Compounded Profit Growth | -10% | % | % | -46% |
| Stock Price CAGR | 25% | 34% | 37% | 137% |
| Return on Equity | -1% | -6% | -12% | -28% |
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 92.63% | 90.00% | 90.30% | 90.09% | 90.00% | 90.17% | 90.00% | 90.00% |
| FIIs | 0.04% | 0.00% | 0.02% | 0.02% | 0.04% | 0.08% | 0.11% | 0.06% |
| DIIs | 0.02% | 0.04% | 0.01% | 0.00% | 0.01% | 0.01% | 0.02% | 0.03% |
| Government | 4.71% | 7.75% | 7.51% | 7.74% | 7.83% | 7.70% | 7.90% | 7.90% |
| Public | 2.60% | 2.22% | 2.15% | 2.14% | 2.12% | 2.03% | 1.97% | 2.01% |
| No. of Shareholders | 49,115 | 53,043 | 60,665 | 75,986 | 77,915 | 75,886 | 1,00,321 | 1,07,468 |
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹418.78 | ₹555.24 | ₹637.13 |
| 2025 | ₹650 | ₹610 | ₹727 |
| 2026 | ₹742 | ₹697 | ₹832 |
| 2027 | ₹849 | ₹798 | ₹953 |
| 2028 | ₹972 | ₹913 | ₹1091 |
| 2029 | ₹1113 | ₹1046 | ₹1250 |
| 2030 | ₹1275 | ₹1199 | ₹1432 |
| Month | Target |
| January | ₹650 |
| February | ₹663 |
| March | ₹676 |
| April | ₹653 |
| May | ₹631 |
| June | ₹610 |
| July | ₹634 |
| August | ₹659 |
| September | ₹685 |
| October | ₹699 |
| November | ₹713 |
| December | ₹727 |
| Month | Target |
| January | ₹742 |
| February | ₹757 |
| March | ₹772 |
| April | ₹746 |
| May | ₹721 |
| June | ₹697 |
| July | ₹725 |
| August | ₹754 |
| September | ₹784 |
| October | ₹800 |
| November | ₹816 |
| December | ₹832 |
| Month | Target |
| January | ₹849 |
| February | ₹866 |
| March | ₹883 |
| April | ₹854 |
| May | ₹826 |
| June | ₹798 |
| July | ₹830 |
| August | ₹863 |
| September | ₹898 |
| October | ₹916 |
| November | ₹934 |
| December | ₹953 |
| Month | Target |
| January | ₹972 |
| February | ₹991 |
| March | ₹1011 |
| April | ₹977 |
| May | ₹944 |
| June | ₹913 |
| July | ₹950 |
| August | ₹988 |
| September | ₹1028 |
| October | ₹1049 |
| November | ₹1070 |
| December | ₹1091 |
| Month | Target |
| January | ₹1113 |
| February | ₹1135 |
| March | ₹1158 |
| April | ₹1119 |
| May | ₹1082 |
| June | ₹1046 |
| July | ₹1088 |
| August | ₹1132 |
| September | ₹1177 |
| October | ₹1201 |
| November | ₹1225 |
| December | ₹1250 |
| Month | Target |
| January | ₹1275 |
| February | ₹1301 |
| March | ₹1327 |
| April | ₹1283 |
| May | ₹1240 |
| June | ₹1199 |
| July | ₹1247 |
| August | ₹1297 |
| September | ₹1349 |
| October | ₹1376 |
| November | ₹1404 |
| December | ₹1432 |
Official Website – itiltd.in