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India Tourism Development Corp. Ltd.
(ITDC)
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Rating:66Neutral
Price Target:
₹723.00
▲(23.15% 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
Debt is minimal relative to equity, giving ITDC substantial financial flexibility to sustain operations, fund service expansion, and absorb tourism demand fluctuations. The conservative capital structure also limits interest burden and reduces refinancing pressure over the next several quarters.
Negative Factors
Revenue Contraction
Negative revenue growth in 2026 shows that the earlier recovery is not translating into consistent top-line expansion. A shrinking or stagnant revenue base can make future profit improvement more dependent on margin management than demand growth and may limit operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Debt is minimal relative to equity, giving ITDC substantial financial flexibility to sustain operations, fund service expansion, and absorb tourism demand fluctuations. The conservative capital structure also limits interest burden and reduces refinancing pressure over the next several quarters.
Read all positive factors
India Tourism Development Corp. Ltd. (ITDC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹59.22B
Dividend Yield0.42%
Average Volume (3M)26.39K
Price to Earnings (P/E)72.0
Beta (1Y)2.24
Revenue Growth-9.37%
EPS Growth3.25%
CountryIN
Employees455
SectorGeneral
Sector StrengthN/A
IndustryTravel Lodging
Share Statistics
EPS (TTM)9.59
Shares Outstanding85,769,400
10 Day Avg. Volume40,443
30 Day Avg. Volume26,395
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 through multiple operating verticals. A major source is income from hospitality operations, including room rentals and allied hotel services, along with food-and-bevera...
India Tourism Development Corp. Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.35B | 5.33B | 5.70B | 5.32B | 4.61B | 2.94B |
| Gross Profit | 2.52B | 2.50B | 2.66B | 2.53B | 2.46B | 1.25B |
| EBITDA | 1.15B | 1.21B | 1.06B | 1.15B | 883.80M | 151.08M |
| Net Income | 823.47M | 827.11M | 815.45M | 703.35M | 551.20M | 42.43M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 7.62B | 7.46B | 10.66B | 9.34B | 5.84B |
| Cash, Cash Equivalents and Short-Term Investments | 2.71B | 2.71B | 2.19B | 1.78B | 2.06B | 2.19B |
| Total Debt | 0.00 | 6.35M | 6.35M | 6.35M | 6.30M | 6.30M |
| Total Liabilities | -4.11B | 3.51B | 3.94B | 6.87B | 6.06B | 3.10B |
| Stockholders Equity | 4.11B | 4.23B | 3.64B | 3.89B | 3.38B | 2.83B |
Cash Flow | ||||||
| Free Cash Flow | 22.72M | 747.87M | -3.38B | 408.46M | -247.87M | 101.10M |
| Operating Cash Flow | 56.41M | 850.09M | -3.29B | 423.32M | -117.65M | 156.37M |
| Investing Cash Flow | -384.45M | -873.43M | -133.62M | 43.05M | -29.84M | 49.02M |
| Financing Cash Flow | -248.73M | -248.73M | -216.14M | -190.56M | 0.00 | 0.00 |
India Tourism Development Corp. Ltd. Technical Analysis
Positive
587.10
Price Trends
696.20
Negative
639.71
Positive
584.80
Positive
Market Momentum
-9.20
Negative
57.24
Neutral
32.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ITDC, the sentiment is Positive. The current price of 587.1 is below the 20-day moving average (MA) of 664.90, below the 50-day MA of 696.20, and above the 200-day MA of 584.80, indicating a neutral trend. The MACD of -9.20 indicates Negative momentum. The RSI at 57.24 is Neutral, neither overbought nor oversold. The STOCH value of 32.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹21.01B | 5.06 | ― | 0.60% | 22.41% | 194.35% | |
69 Neutral | ₹191.92B | 36.36 | ― | 0.23% | 6.05% | 85.08% | |
69 Neutral | ₹1.02T | 47.68 | ― | 0.45% | 13.17% | 9.73% | |
68 Neutral | ₹179.20B | 25.17 | ― | 0.52% | 8.34% | 4.47% | |
66 Neutral | ₹59.22B | 72.04 | ― | 0.42% | -9.37% | 3.25% | |
59 Neutral | ₹83.03B | 35.28 | ― | ― | 10.46% | 9.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ITDC
India Tourism Development Corp. Ltd.
690.40
61.60
9.80%
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876.35
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IN:EIHOTEL
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286.55
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-28.04%
IN:INDHOTEL
Indian Hotels Co. Ltd.
717.75
-69.79
-8.86%
IN:LEMONTREE
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104.80
-71.65
-40.61%
IN:TAJGVK
TAJGVK Hotels & Resorts Ltd.
335.00
-96.70
-22.40%
India Tourism Development Corp. Ltd. Corporate Events
India Tourism Development Corp. Sets Digital AGM for September 22, 2026
Aug 29, 2026
India Tourism Development Corporation Limited has scheduled its 61st Annual General Meeting for September 22, 2026, at 12:00 IST, to be conducted via video conferencing and other audio-visual means in line with regulatory provisions. The AGM notic...
India Tourism Development Corporation Sets Record Date for FY26 Dividend
Aug 29, 2026
India Tourism Development Corporation Ltd. has announced that its board has recommended a final dividend of Rs 2.95 per equity share with a face value of Rs 10 for the financial year 2025-26, subject to shareholder approval at the annual general m...
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.