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

• Market Cap: ₹52.00B
• Dividend Yield: 0.48%
• Average Volume (3M): 34.82K
• Price to Earnings (P/E): 65.2
• Beta (1Y): 1.74
• Revenue Growth: 18.45%
• EPS Growth: 24.02%
• 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: 18,111
• 30 Day Avg. Volume: 34,824
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹667.00
• Price Target Upside: 11.06% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹667.00 ▲(11.06% Upside)

The overall stock score is primarily influenced by strong financial performance, despite cash flow challenges. Technical indicators suggest bullish momentum but caution due to overbought conditions. High valuation metrics indicate potential overvaluation, impacting the overall attractiveness of the stock.

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

Company Description

India Tourism Development Corporation Limited, together with its subsidiaries, acquires, constructs, and operates hotels, beach resorts, and lodges/restaurants for tourists in India. The company provides transport, entertainment, shopping, and conventional services; manages catering services; and produces, distributes, and sells tourist publicity literature. It also offers tourism and hospitality related training and education services, event management services, full-fledged money changer services, etc. In addition, the company is involved in the consultancy and execution of tourism and engineering projects; and sound and light show activities. It operates 3 Ashok Group of Hotels, 1 joint venture hotels, 1 restaurant, 5 ATT units, 15 duty free shops at sea ports, and one sound and light shows. India Tourism Development Corporation Limited was incorporated in 1965 and is based in New Delhi, India.

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

Strong revenue growth and healthy margins are offset by significant cash flow challenges, posing a risk to liquidity.

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	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.36B	5.70B	5.32B	2.94B	4.61B	1.77B
Gross Profit	2.74B	2.66B	2.53B	1.25B	2.51B	495.14M
EBITDA	1.03B	1.06B	1.15B	151.08M	883.80M	-258.20M
Net Income	721.26M	815.45M	703.35M	42.43M	551.20M	-347.94M
Balance Sheet
Total Assets	0.00	7.46B	10.66B	5.84B	9.34B	5.63B
Cash, Cash Equivalents and Short-Term Investments	1.21B	2.20B	1.78B	2.21B	2.06B	2.32B
Total Debt	0.00	6.35M	6.35M	6.30M	6.30M	6.30M
Total Liabilities	-3.91B	3.90B	6.87B	3.10B	6.06B	2.91B
Stockholders Equity	3.91B	3.64B	3.89B	2.83B	3.38B	2.81B
Cash Flow
Free Cash Flow	0.00	-3.38B	408.46M	101.10M	-247.87M	-171.54M
Operating Cash Flow	0.00	-3.29B	423.32M	156.37M	-117.65M	-129.66M
Investing Cash Flow	0.00	-133.62M	43.05M	49.02M	-29.84M	109.03M
Financing Cash Flow	0.00	-216.14M	-190.56M	0.00	0.00	-1.41M

India Tourism Development Corp. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 600.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 600.55 is below the 20-day moving average (MA) of 600.64, above the 50-day MA of 579.97, and above the 200-day MA of 588.80, indicating a neutral trend. The MACD of 13.83 indicates Positive momentum. The RSI at 50.53 is Neutral, neither overbought nor oversold. The STOCH value of 6.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
TAJGVK	70 Outperform	26.49B	18.74	17.89%	0.48%	13.21%	51.59%
ROHLTD	68 Neutral	14.96B	30.30	20.47%	0.47%	9.24%	3.74%
ADVANIHOTR	64 Neutral	5.48B	21.77	32.47%	3.26%	1.07%	5.07%
PARACABLES	61 Neutral	14.07B	17.26	12.13%	―	44.41%	-23.94%
MHRIL	60 Neutral	71.47B	54.44	16.35%	―	3.14%	6.79%
ITDC	54 Neutral	₹52.00B	65.20	―	0.48%	18.45%	24.02%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%