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ITI Limited
(ITI)
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Rating:46Neutral
Price Target:
₹296.00
▼(-5.17% Downside)
Action:Reiterated
Date:05/31/26
The score is primarily held down by weak financial performance (revenue decline, recurring operating losses, and negative recent free cash flow). Technical indicators are a supporting positive (price above key moving averages with positive momentum), but valuation remains unfavorable/unclear due to a negative P/E and no dividend yield data.
Positive Factors
Government contract exposure
ITI’s focus on government and enterprise telecom/ICT contracts creates durable order visibility and contract stickiness. Institutional procurement and large turnkey projects often span multiple years and include aftermarket support, providing long-term structural revenue anchors even amid commercial cycles.
Negative Factors
Sharp revenue decline
Top-line contraction of roughly 30% in the most recent year signals structural demand loss or execution weaknesses. Sustained revenue decline erodes scale, impairs fixed-cost absorption, reduces bargaining power with suppliers, and undermines long-term profitability absent a credible recovery plan.
Read all positive and negative factors
Positive Factors
Negative Factors
Government contract exposure
ITI’s focus on government and enterprise telecom/ICT contracts creates durable order visibility and contract stickiness. Institutional procurement and large turnkey projects often span multiple years and include aftermarket support, providing long-term structural revenue anchors even amid commercial cycles.
Read all positive factors
ITI Limited (ITI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹273.37B
Dividend YieldN/A
Average Volume (3M)398.07K
Price to Earnings (P/E)118.0
Beta (1Y)1.62
Revenue Growth-39.62%
EPS GrowthN/A
CountryIN
Employees1,368
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)2.41
Shares Outstanding960,886,960
10 Day Avg. Volume1,075,417
30 Day Avg. Volume398,070
Financial Highlights & Ratios
PEG Ratio-0.33
Price to Book (P/B)12.08
Price to Sales (P/S)10.54
P/FCF Ratio-71.29
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
ITI Limited Business Overview & Revenue Model
Company Description
ITI Limited engages in the manufacture, sale, and servicing of telecommunication equipment and building communication network infrastructures in India. The company's telecom products and solutions include switching, transmission, access, and subsc...
How the Company Makes Money
ITI primarily generates revenue by selling telecom/ICT equipment and by delivering turnkey project and service work. Key revenue streams include: (1) Product sales—manufacture and supply of telecom/network equipment and associated spares to custom...
ITI Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.84B | 36.16B | 12.64B | 13.95B | 18.61B |
| Gross Profit | 1.42B | 2.26B | -227.78M | 1.48B | 3.78B |
| EBITDA | 5.46B | 786.13M | -3.11B | -1.29B | 3.35B |
| Net Income | 2.93B | -2.15B | -5.69B | -3.60B | 1.19B |
Balance Sheet | |||||
| Total Assets | 93.47B | 104.02B | 95.98B | 94.91B | 95.75B |
| Cash, Cash Equivalents and Short-Term Investments | 3.51B | 23.55B | 6.52B | 2.15B | 968.46M |
| Total Debt | 7.65B | 14.81B | 17.96B | 18.77B | 16.13B |
| Total Liabilities | 74.41B | 87.78B | 78.14B | 71.17B | 69.67B |
| Stockholders Equity | 19.06B | 16.25B | 17.84B | 23.74B | 26.20B |
Cash Flow | |||||
| Free Cash Flow | -3.23B | -1.51B | 9.36B | -3.54B | -4.98B |
| Operating Cash Flow | -3.19B | -1.35B | 9.74B | -2.94B | -4.37B |
| Investing Cash Flow | 9.10B | 6.51B | -5.56B | 462.10M | 1.78B |
| Financing Cash Flow | -7.16B | -4.85B | -3.22B | 2.41B | 2.47B |
ITI Limited Technical Analysis
Negative
312.15
Price Trends
295.79
Negative
285.75
Negative
297.69
Negative
Market Momentum
-3.73
Positive
37.64
Neutral
16.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ITI, the sentiment is Negative. The current price of 312.15 is above the 20-day moving average (MA) of 296.07, above the 50-day MA of 295.79, and above the 200-day MA of 297.69, indicating a bearish trend. The MACD of -3.73 indicates Positive momentum. The RSI at 37.64 is Neutral, neither overbought nor oversold. The STOCH value of 16.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ITI.
ITI Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹163.57B | 84.69 | ― | 0.24% | 10.62% | 25.69% | |
59 Neutral | ₹326.63B | 100.08 | ― | 0.15% | 21.77% | 72.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹266.33B | 455.69 | ― | ― | -3.90% | ― | |
52 Neutral | ₹95.96B | -10.57 | ― | 0.55% | -87.10% | -296.63% | |
48 Neutral | ₹19.75B | 593.94 | ― | 0.13% | 2.05% | -42.95% | |
46 Neutral | ₹273.37B | 118.05 | ― | ― | -39.62% | ― |
* General Sector Average
IN:ITI
ITI Limited
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-9.57%
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ITI Limited Corporate Events
Exchange Seeks Clarification From ITI Limited on Unusual Trading Volume
Apr 22, 2026
The stock exchange has observed a significant increase in trading volume in ITI Limited shares and has approached the company for updated, relevant information. The move is aimed at protecting investors and maintaining market transparency, with th...
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.