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India Tourism Development Corp. Ltd.
(ITDC)
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Rating:66Neutral
Price Target:
₹855.00
▲(45.63% Upside)
Action:Downgraded
Date:07/16/26
The score is primarily supported by strong financial safety (near-zero leverage) and improved profitability, alongside a clearly bullish technical trend. It is meaningfully held back by expensive valuation (high P/E and low dividend yield) and uneven cash-flow consistency, which increases downside risk if growth continues to cool.
Positive Factors
Conservative Balance Sheet
Extremely low leverage gives the company durable financial flexibility to withstand tourism downturns, fund necessary capex, or delay refinancing. A conservative capital structure reduces solvency risk and supports long-term strategic investments without depending on volatile external funding.
Negative Factors
Weakening Revenue Growth
A slide to negative revenue growth undermines the company's ability to leverage fixed hospitality costs and erodes operating leverage. Sustained top-line weakness would pressure margins, limit reinvestment capacity, and risk reversing recent profit recoveries if demand normalizes lower.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low leverage gives the company durable financial flexibility to withstand tourism downturns, fund necessary capex, or delay refinancing. A conservative capital structure reduces solvency risk and supports long-term strategic investments without depending on volatile external funding.
Read all positive factors
India Tourism Development Corp. Ltd. (ITDC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹60.02B
Dividend Yield0.41%
Average Volume (3M)2.97K
Price to Earnings (P/E)72.8
Beta (1Y)2.29
Revenue Growth-9.34%
EPS Growth1.39%
CountryIN
Employees465
SectorGeneral
Sector StrengthN/A
IndustryTravel Lodging
Share Statistics
EPS (TTM)9.63
Shares Outstanding85,769,400
10 Day Avg. Volume1,946
30 Day Avg. Volume2,967
Financial Highlights & Ratios
PEG Ratio19.11
Price to Book (P/B)7.54
Price to Sales (P/S)5.98
P/FCF Ratio42.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
India Tourism Development Corp. Ltd. Business Overview & Revenue Model
Company Description
India Tourism Development Corporation Ltd., along with its subsidiaries, is dedicated to developing, constructing, and managing a diverse portfolio of hospitality establishments, including hotels, beach resorts, and dining facilities, catering to ...
How the Company Makes Money
ITDC generates revenue primarily by providing tourism and hospitality services. Key revenue streams typically include: (1) Hospitality operations: income from operating hotels and related services such as room rentals, food and beverage (restauran...
India Tourism Development Corp. Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.33B | 5.70B | 5.32B | 4.61B | 2.94B |
| Gross Profit | 2.50B | 2.66B | 2.53B | 2.46B | 1.25B |
| EBITDA | 1.21B | 1.06B | 1.15B | 883.80M | 151.08M |
| Net Income | 827.11M | 815.45M | 703.35M | 551.20M | 42.43M |
Balance Sheet | |||||
| Total Assets | 7.62B | 7.46B | 10.66B | 9.34B | 5.84B |
| Cash, Cash Equivalents and Short-Term Investments | 2.71B | 2.19B | 1.78B | 2.06B | 2.19B |
| Total Debt | 6.35M | 6.35M | 6.35M | 6.30M | 6.30M |
| Total Liabilities | 3.51B | 3.94B | 6.87B | 6.06B | 3.10B |
| Stockholders Equity | 4.23B | 3.64B | 3.89B | 3.38B | 2.83B |
Cash Flow | |||||
| Free Cash Flow | 747.87M | -3.38B | 408.46M | -247.87M | 101.10M |
| Operating Cash Flow | 850.09M | -3.29B | 423.32M | -117.65M | 156.37M |
| Investing Cash Flow | -873.43M | -133.62M | 43.05M | -29.84M | 49.02M |
| Financing Cash Flow | -248.73M | -216.14M | -190.56M | 0.00 | 0.00 |
India Tourism Development Corp. Ltd. Technical Analysis
Neutral
587.10
Price Trends
641.17
Positive
580.03
Positive
574.65
Positive
Market Momentum
22.22
Positive
50.94
Neutral
3.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ITDC, the sentiment is Neutral. The current price of 587.1 is below the 20-day moving average (MA) of 724.35, below the 50-day MA of 641.17, and above the 200-day MA of 574.65, indicating a neutral trend. The MACD of 22.22 indicates Positive momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 3.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ITDC.
India Tourism Development Corp. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹22.72B | 5.36 | ― | 0.55% | 22.41% | 193.84% | |
71 Outperform | ₹1.05T | 49.01 | ― | 0.45% | 13.17% | 9.73% | |
69 Neutral | ₹177.59B | 33.63 | ― | 0.12% | 6.05% | 85.08% | |
66 Neutral | ₹60.02B | 72.76 | ― | 0.50% | -9.34% | 1.39% | |
66 Neutral | ₹204.49B | 32.54 | ― | 0.46% | 7.16% | -15.03% | |
65 Neutral | ₹86.51B | 38.08 | ― | ― | 12.32% | 15.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ITDC
India Tourism Development Corp. Ltd.
699.80
126.45
22.05%
IN:CHALET
Chalet Hotels Ltd.
810.95
-84.21
-9.41%
IN:EIHOTEL
EIH Limited
327.00
-47.50
-12.68%
IN:INDHOTEL
Indian Hotels Co. Ltd.
738.15
-7.98
-1.07%
IN:LEMONTREE
Lemon Tree Hotels Ltd.
109.20
-36.90
-25.26%
IN:TAJGVK
TAJGVK Hotels & Resorts Ltd.
362.35
-68.04
-15.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.