ITI Limited (ITI) AI Stock Analysis

• Market Cap: ₹311.76B
• Dividend Yield: N/A
• Average Volume (3M): 78.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• 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: 48,608
• 30 Day Avg. Volume: 78,075
• 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: ₹318.00
• Price Target Upside: -10.75% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 51 Neutral
• Price Target: ₹318.00 ▼(-10.75% 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 primarily generates revenue through the sale of its telecommunications and electronic equipment to government and private entities. Key revenue streams include contracts for manufacturing and supplying network systems, encryption devices, and other communication solutions. The company also earns from providing services such as installation, maintenance, and support for its products. Additionally, ITI Limited engages in strategic partnerships and collaborations, especially with government agencies, to secure large-scale contracts, thereby contributing significantly to its earnings.

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: 356.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 356.3 is above the 20-day moving average (MA) of 317.96, above the 50-day MA of 306.19, and above the 200-day MA of 306.23, indicating a bullish trend. The MACD of 6.69 indicates Negative momentum. The RSI at 61.51 is Neutral, neither overbought nor oversold. The STOCH value of 69.40 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
KAYNES	70 Outperform	₹509.01B	145.12	―	―	43.74%	46.02%
KPITTECH	66 Neutral	₹318.20B	39.06	―	0.73%	17.09%	21.20%
TATAELXSI	65 Neutral	₹335.65B	45.03	―	1.35%	-1.19%	-17.92%
LTTS	64 Neutral	₹455.82B	35.89	―	1.30%	12.91%	-2.97%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TEJASNET	57 Neutral	₹104.80B	56.92	―	0.42%	100.45%	6.29%
ITI	51 Neutral	₹311.76B	―	―	―	120.98%	66.43%

ITI Limited Corporate Events

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.