ITI Limited (ITI) AI Stock Analysis

• Market Cap: ₹310.80B
• Dividend Yield: N/A
• Average Volume (3M): 398.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: 30.27%
• EPS Growth: 65.87%
• Country: IN
• Employees: 1,007
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -0.57
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: ₹324.00 ▲(4.70% Upside)

The overall stock score for ITI Limited is primarily impacted by its financial performance, which shows significant challenges with profitability and cost management. Technical analysis provides a slightly positive outlook with the stock trading above key moving averages, but bearish momentum indicators temper this optimism. Valuation concerns due to a negative P/E ratio further weigh down the score.

Positive Factors

Revenue Growth

The company has demonstrated strong revenue growth, indicating expanding market presence and effective sales strategies, which can support long-term business sustainability.

Government Contracts

Securing significant government contracts provides a stable revenue stream and enhances the company's market position in the telecommunications sector.

Partnerships with Global Firms

Partnerships with global technology firms allow ITI to enhance its product offerings and access emerging markets, supporting long-term growth and innovation.

Negative Factors

Consistent Net Losses

Ongoing net losses hinder profitability and return on equity, challenging the company's ability to generate sustainable profits and invest in growth opportunities.

Cost Management Challenges

Inefficient cost management affects operational efficiency, reducing profit margins and potentially limiting the company's competitive edge in the market.

Negative Operating Cash Flow

Negative operating cash flow indicates difficulties in sustaining operations without external financing, which could impact the company's financial stability and growth prospects.

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. The balance sheet shows adequate liquidity, but increasing liabilities pose a risk.

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: Negative
• Last Price: 309.45
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 309.45 is below the 20-day moving average (MA) of 317.46, below the 50-day MA of 321.76, and above the 200-day MA of 297.21, indicating a neutral trend. The MACD of -3.76 indicates Positive momentum. The RSI at 45.04 is Neutral, neither overbought nor oversold. The STOCH value of 52.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ITI.

ITI Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KPITTECH	69 Neutral	₹316.65B	38.87	―	0.71%	13.34%	5.98%
TATAELXSI	68 Neutral	₹334.97B	49.94	―	1.45%	-1.19%	-17.92%
LTTS	62 Neutral	₹433.82B	33.92	―	1.30%	14.88%	-2.60%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
KAYNES	58 Neutral	₹445.52B	134.13	―	―	45.11%	54.19%
TEJASNET	54 Neutral	₹84.36B	―	―	0.53%	-17.23%	-185.73%
ITI	49 Neutral	₹310.80B	-166.03	―	―	30.27%	65.87%

ITI Limited Corporate Events

ITI Limited Clarifies Recent Surge in Trading Volume

ITI Limited has experienced a significant increase in trading volume, prompting the National Stock Exchange of India to seek clarification from the company. In response, ITI Limited stated that there are no undisclosed events affecting its stock price or volume, attributing changes in trading activity to market conditions rather than company actions.

ITI Limited Sees Surge in Trading Volume, Exchange Seeks Clarity

ITI Limited has experienced a significant increase in trading volume, prompting the Exchange to seek further information from the company to ensure investor interests are protected. The company’s response is still pending, leaving stakeholders awaiting further clarification on the reasons behind the volume surge and its potential impact.

Axis Max Life Insurance and Star Air Announce Strategic Growth Plans Amid Industry Changes

Axis Max Life Insurance, a significant player in the insurance industry, is focusing on growth through its product strategy, particularly in the protection segment. The company has reported a 27% increase in its value of new business for the first half of the fiscal year, driven by a strong product mix and strategic partnerships. Despite the short-term impact of GST exemptions on margins, Axis Max Life is optimistic about maintaining its growth trajectory by optimizing costs and improving its product offerings. Meanwhile, Star Air, a regional airline, has raised ₹150 crore in its Series B funding round to expand its fleet and route network. This funding marks the airline’s first external raise, aiming to capitalize on the growing demand in India’s aviation sector and enhance its operational capabilities.

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.