ITI Limited (ITI) AI Stock Analysis

• Market Cap: ₹323.19B
• Dividend Yield: N/A
• Average Volume (3M): 398.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.46
• Revenue Growth: 120.98%
• EPS Growth: 66.43%
• Country: IN
• Employees: 1,007
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -0.66
• Shares Outstanding: 960,886,960
• 10 Day Avg. Volume: 1,075,417
• 30 Day Avg. Volume: 398,070
• PEG Ratio: 1.81
• Price to Book (P/B): 14.86
• Price to Sales (P/S): 6.68
• P/FCF Ratio: -159.71
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: ₹318.00 ▼(-3.36% Downside)

The overall stock score is primarily influenced by financial performance challenges, including net losses and poor cost management. Technical analysis shows bullish momentum, but overbought conditions suggest caution. Valuation is weak due to negative earnings and lack of dividends.

ITI Limited Business Overview & Revenue Model

Company Description

ITI Limited engages in the manufacture, sale, and servicing of telecommunication equipment primarily in India. Its telecom products and solutions include switching, transmission, access, and subscriber premises equipment. The company also offers energy meters, mini personal computers, 3D printing products, bank automation products, gigabit passive optical network OLT and ONT products, PCM multiplexers, ruggedized telephones for defense forces, smart and banking cards, set top boxes, hand held terminals for smart card authentication, and Wi-Fi equipment. In addition, it provides encryption devices for defense, solar power modules, switched mode power supply systems, Internet of Things products, radio modems, and AN rack hardware products. Further, the company trades in optical transport network products, such as DWDM; managed leased line network products; signaling point network products; IP/MPLS routers and switches; network management system solutions; microwave and satellite communication equipment; next generation network equipment; and information technology products and solutions. Additionally, it offers installation, commissioning, operation, and maintenance services; electronic contract manufacturing services; mechanical fabrication services; reliability engineering lab services; printed circuit board manufacturing services; data center hosting services; EMI/EMC and environmental testing of electronic products; 3D printing services; and component screening services. ITI Limited was founded in 1948 and is based in Bengaluru, India.

How the Company Makes Money

ITI Limited generates revenue through multiple key streams, primarily by manufacturing and supplying telecommunications equipment to government and private sector clients. The company has secured significant contracts with various government departments and public sector undertakings, particularly in the defense and telecommunications sectors. Additionally, ITI earns income from providing services such as network integration, maintenance, and support for its products. The company benefits from partnerships with global technology firms, enabling it to enhance its product offerings and tap into emerging markets. Government initiatives aimed at boosting domestic manufacturing and digital infrastructure also contribute positively to ITI's revenue potential.

ITI Limited Financial Statement Overview

Summary

ITI Limited is facing financial challenges with consistent net losses impacting profit margins and return on equity. Despite revenue growth, the company struggles with cost management and operational efficiency, as seen in its income statement and cash flow. The balance sheet shows adequate liquidity, but increasing liabilities pose a risk. Strategic improvements in cost control and operational efficiency are crucial for financial stability.

Income Statement

The income statement reveals a concerning trend with significant net losses and negative EBIT in recent years. While there was a notable revenue increase from 2024 to 2025, the company has struggled with profitability, as evidenced by the negative net profit and EBIT margins. The gross profit margin is also low, indicating challenges in managing production costs relative to revenue.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, suggesting manageable leverage levels. However, the company's equity ratio has been declining, indicating increased reliance on liabilities. Return on equity is negative due to net losses, affecting the overall financial stability. The company's cash position has improved, but the overall asset base has not translated into profitability.

Cash Flow

Cash flow analysis highlights significant volatility, with fluctuating free cash flow and operating cash flow. While there is a recent improvement in free cash flow, the negative operating cash flow raises concerns about the company's ability to sustain operations without external financing. The free cash flow to net income ratio is unfavorably high due to persistent net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	35.94B	36.16B	12.64B	13.95B	18.61B	23.62B
Gross Profit	2.18B	2.26B	-231.04M	1.48B	3.78B	3.95B
EBITDA	859.80M	786.10M	-3.10B	-1.01B	3.63B	2.13B
Net Income	-1.87B	-2.15B	-5.69B	-3.60B	1.19B	94.78M
Balance Sheet
Total Assets	0.00	104.02B	95.98B	94.91B	95.75B	89.13B
Cash, Cash Equivalents and Short-Term Investments	4.22B	23.55B	6.52B	2.15B	968.46M	4.34B
Total Debt	0.00	14.81B	17.96B	18.77B	16.13B	14.65B
Total Liabilities	-16.25B	87.78B	78.14B	71.17B	69.67B	64.69B
Stockholders Equity	16.25B	16.25B	17.84B	23.74B	26.20B	24.44B
Cash Flow
Free Cash Flow	0.00	-1.51B	9.36B	-3.54B	-4.98B	626.62M
Operating Cash Flow	0.00	-1.35B	9.74B	-2.94B	-4.37B	940.73M
Investing Cash Flow	0.00	6.51B	-5.56B	462.10M	1.78B	-3.04B
Financing Cash Flow	0.00	-4.85B	-3.22B	2.41B	2.47B	1.98B

ITI Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 329.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ITI, the sentiment is Positive. The current price of 329.05 is below the 20-day moving average (MA) of 329.52, above the 50-day MA of 315.35, and above the 200-day MA of 302.54, indicating a bullish trend. The MACD of 4.58 indicates Positive momentum. The RSI at 54.79 is Neutral, neither overbought nor oversold. The STOCH value of 29.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ITI.

ITI Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KPITTECH	―	₹313.69B	38.50	―	0.73%	17.09%	21.20%
KAYNES	―	₹459.98B	138.48	―	―	43.74%	46.02%
TATAELXSI	―	₹345.38B	51.50	―	1.35%	-1.19%	-17.92%
LTTS	―	₹445.15B	34.40	―	1.36%	14.88%	-2.60%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TEJASNET	―	₹95.94B	―	―	0.46%	-17.23%	-185.73%
ITI	―	₹323.19B	―	―	―	120.98%	66.43%

ITI Limited Corporate Events

ITI Limited Submits Quarterly Compliance Certificate for Dematerialization

ITI Limited has submitted a confirmation certificate for the quarter ending September 30, 2025, in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This certificate, signed by Integrated Registry Management Services, confirms the dematerialization of securities and their listing on stock exchanges, ensuring compliance with regulatory standards and maintaining transparency in its operations.

ITI Limited Announces Leadership Change in Finance Department

ITI Limited announced the cessation of Mr. Rajeev Srivastava as Executive Director (Finance) effective October 15, 2025, due to the completion of his tenure. The company has entrusted the additional charge of the Director (Finance) position to Mr. Ramana Babu C V, Director (Marketing), for six months or until a regular appointment is made. This transition is part of the company’s compliance with regulatory requirements and reflects its ongoing efforts to maintain effective leadership and governance.

ITI Limited Appoints Ramana Babu C V as Executive Director (Finance)

ITI Limited has announced the appointment of Mr. Ramana Babu C V as the Executive Director (Finance) with additional charge, effective from October 15, 2025. This decision follows the non-extension of the tenure of the previous Director (Finance), Mr. Rajeev Srivastava. Mr. Babu, who is also the Director (Marketing), will hold this position for six months or until a regular incumbent assumes the role. This strategic move is expected to ensure continuity in the financial leadership of the company during this transitional period.

ITI Limited Lauded by ISRO for Role in NISAR Satellite Launch

ITI Limited has been recognized by ISRO for its contribution to the successful launch of the NISAR satellite aboard the GSLV F16 rocket. The company supplied 28 Avionics Packages and 18 HMSA packages, which were integral to the mission. This launch marks a significant milestone as it is the first joint Earth-observing mission between NASA and ISRO, with the NISAR satellite being one of the most expensive Earth-imaging satellites ever developed, aimed at studying changes on the Earth’s surface in detail.

ITI Limited Approves Preferential Equity Allotment

ITI Limited’s Board of Directors has approved the allotment of equity shares on a preferential basis to the President of India. This decision follows the receipt of a capital expenditure of Rs. 59 Crore, in accordance with a BIFR Order from 2013, potentially strengthening the company’s financial position and operational capabilities.