India Tourism Development Corp. Ltd. (ITDC) AI Stock Analysis

• Market Cap: ₹47.83B
• Dividend Yield: 0.47%
• Average Volume (3M): 1.69K
• Price to Earnings (P/E): 59.2
• Beta (1Y): 1.61
• Revenue Growth: 18.45%
• EPS Growth: 23.52%
• Country: IN
• Employees: 465
• Sector: Services
• Sector Strength: N/A
• Industry: Travel Lodging
• EPS (TTM): 1.15
• Shares Outstanding: 85,769,400
• 10 Day Avg. Volume: 1,253
• 30 Day Avg. Volume: 1,686
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹622.00
• Price Target Upside: 11.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ₹622.00 ▲(11.53% Upside)

The company's strong financial performance is undermined by liquidity risks and high valuation concerns. Technical indicators suggest market indecision, while no significant recent corporate events or earnings call data are available to influence the score further.

India Tourism Development Corp. Ltd. Business Overview & Revenue Model

Company Description

India Tourism Development Corporation Ltd. (ITDC) is a government-owned corporation dedicated to promoting tourism in India. Established in 1966, ITDC operates across various segments of the tourism and hospitality sector, including hotel management, event management, tourism consultancy, and duty-free shopping. The corporation plays a pivotal role in enhancing India's appeal as a tourist destination by providing comprehensive travel and hospitality services.

How the Company Makes Money

ITDC generates revenue through several key streams. The primary source of income is its hotel division, which manages a network of properties under the Ashok Group of Hotels, offering accommodations and related services to tourists and business travelers. Additionally, ITDC earns from its catering services, which provide food and beverage solutions for events, flights, and other hospitality needs. The company also operates duty-free shopping outlets at airports, contributing to its earnings. Furthermore, ITDC offers consultancy services for tourism development projects, which include planning, management, and execution support for state governments and private entities. These diverse operations, along with strategic partnerships with government bodies and other tourism stakeholders, form the backbone of ITDC's revenue model.

India Tourism Development Corp. Ltd. Financial Statement Overview

Summary

India Tourism Development Corp. Ltd. has shown commendable revenue growth and profitability over the years, with strong margins. However, significant cash flow challenges pose a risk to liquidity and require attention to ensure sustainable operations.

Income Statement

The company has demonstrated a solid revenue growth trend over the years, with Total Revenue increasing from 2021 to 2025. The Gross Profit Margin and Net Profit Margin for the latest period are healthy at 46.6% and 14.3%, respectively, indicating strong profitability. However, there's a notable decline in EBIT Margin from 46.9% in 2024 to 13.8% in 2025, suggesting increased operating expenses or reduced efficiency in operations.

Balance Sheet

The company's balance sheet shows a strong equity base with an Equity Ratio of 48.7% in 2025, indicating financial stability. The Debt-to-Equity Ratio is low at 0.002, suggesting minimal reliance on debt financing. However, the Return on Equity (ROE) is moderate at 22.4%, which could be improved given the company's profitability levels.

Cash Flow

The cash flow statement reveals challenges in cash generation, with a significant negative Operating Cash Flow in 2025. Free Cash Flow has also turned negative, indicating potential liquidity issues. The Free Cash Flow to Net Income Ratio is unfavorable, suggesting that the company is not effectively converting income into cash.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2020
Income Statement
Total Revenue	5.70B	5.32B	4.61B	2.94B	3.47B
Gross Profit	2.66B	2.53B	2.51B	1.25B	1.47B
EBITDA	1.06B	1.15B	883.80M	151.08M	472.63M
Net Income	815.45M	703.35M	551.20M	42.43M	203.35M
Balance Sheet
Total Assets	7.46B	10.66B	9.34B	5.84B	6.19B
Cash, Cash Equivalents and Short-Term Investments	2.20B	1.78B	2.06B	2.21B	2.63B
Total Debt	6.35M	6.35M	6.30M	6.30M	9.22M
Total Liabilities	3.90B	6.87B	6.06B	3.10B	3.06B
Stockholders Equity	3.64B	3.89B	3.38B	2.83B	3.20B
Cash Flow
Free Cash Flow	-3.38B	408.46M	-247.87M	101.10M	29.68M
Operating Cash Flow	-3.29B	423.32M	-117.65M	156.37M	80.36M
Investing Cash Flow	-133.62M	43.05M	-29.84M	49.02M	113.98M
Financing Cash Flow	-216.14M	-190.56M	0.00	0.00	-216.00M

India Tourism Development Corp. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 557.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ITDC, the sentiment is Negative. The current price of 557.7 is below the 20-day moving average (MA) of 578.53, below the 50-day MA of 594.23, and below the 200-day MA of 595.11, indicating a bearish trend. The MACD of -13.86 indicates Positive momentum. The RSI at 32.29 is Neutral, neither overbought nor oversold. The STOCH value of 16.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ITDC.

India Tourism Development Corp. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADVANIHOTR	75 Outperform	₹5.25B	20.85		3.35%	1.07%	5.03%
PARACABLES	71 Outperform	₹15.84B	18.00		―	47.17%	-14.39%
ROHLTD	71 Outperform	₹11.11B	23.51		0.61%	8.81%	-2.58%
TAJGVK	71 Outperform	₹25.33B	17.99		0.37%	13.21%	50.98%
MHRIL	63 Neutral	₹72.07B	55.52		―	3.14%	6.79%
Sector *	60 Neutral	€4.92B	31.91	-10.66%	5.32%	6.31%	-42.84%
ITDC	57 Neutral	₹47.83B	59.20		0.47%	18.45%	23.52%