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ITI Limited
(ITI)
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Rating:41Neutral
Price Target:
₹206.00
▼(-25.35% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily held down by weak financial performance, especially recurring operating losses and recently worsening negative free cash flow alongside a sharp revenue decline. Technicals add further pressure with the stock trading below key moving averages and negative MACD. Valuation provides little cushion given the very high P/E and no dividend yield data.
Positive Factors
Diversified telecom and ICT operating model
ITI combines equipment supply with project execution, installation, support, and maintenance services. This broader operating model can diversify revenue sources, allow the company to participate across the telecom value chain, and support customer relationships beyond individual product deliveries.
Negative Factors
Sharp revenue deterioration
The sharp FY2026 revenue decline signals weakening business momentum and reduces the scale available to absorb fixed operating costs. If the contraction persists, it could impair capacity utilization, limit investment in capabilities, and make a sustainable return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified telecom and ICT operating model
ITI combines equipment supply with project execution, installation, support, and maintenance services. This broader operating model can diversify revenue sources, allow the company to participate across the telecom value chain, and support customer relationships beyond individual product deliveries.
Read all positive factors
ITI Limited (ITI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹207.41B
Dividend YieldN/A
Average Volume (3M)18.00K
Price to Earnings (P/E)78.8
Beta (1Y)1.62
Revenue Growth-41.28%
EPS GrowthN/A
CountryIN
Employees1,368
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)2.74
Shares Outstanding960,886,960
10 Day Avg. Volume18,331
30 Day Avg. Volume17,998
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 earns revenue through (1) sale/supply of telecom and networking products and systems and (2) project-based execution of telecom/ICT infrastructure work. Product-led income generally comes from manufacturing/procurement and delivery o...
ITI Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.11B | 21.84B | 36.16B | 12.64B | 13.95B | 18.61B |
| Gross Profit | 2.54B | 1.42B | 2.26B | -227.78M | 1.48B | 3.78B |
| EBITDA | 4.08B | 5.46B | 786.10M | -3.11B | -1.29B | 3.35B |
| Net Income | 2.63B | 2.93B | -2.15B | -5.69B | -3.60B | 1.19B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 93.47B | 104.02B | 95.98B | 94.91B | 95.75B |
| Cash, Cash Equivalents and Short-Term Investments | 3.51B | 3.51B | 23.55B | 6.52B | 2.15B | 968.46M |
| Total Debt | 0.00 | 7.65B | 14.81B | 17.96B | 18.77B | 16.13B |
| Total Liabilities | -19.06B | 74.41B | 87.78B | 78.14B | 71.17B | 69.67B |
| Stockholders Equity | 19.06B | 19.06B | 16.25B | 17.84B | 23.74B | 26.20B |
Cash Flow | ||||||
| Free Cash Flow | 357.20M | -3.23B | -1.51B | 9.36B | -3.54B | -4.98B |
| Operating Cash Flow | 372.20M | -3.19B | -1.35B | 9.74B | -2.94B | -4.37B |
| Investing Cash Flow | 2.04B | 9.10B | 6.51B | -5.56B | 462.10M | 1.78B |
| Financing Cash Flow | -2.44B | -7.16B | -4.85B | -3.22B | 2.41B | 2.47B |
ITI Limited Technical Analysis
Negative
275.95
Price Trends
252.25
Negative
271.02
Negative
277.73
Negative
Market Momentum
-9.94
Positive
26.82
Positive
24.28
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 275.95 is above the 20-day moving average (MA) of 233.92, above the 50-day MA of 252.25, and below the 200-day MA of 277.73, indicating a bearish trend. The MACD of -9.94 indicates Positive momentum. The RSI at 26.82 is Positive, neither overbought nor oversold. The STOCH value of 24.28 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹143.85B | 76.09 | ― | 0.16% | 4.02% | 16.28% | |
64 Neutral | ₹354.03B | 40.29 | ― | 0.09% | 101.01% | 2852.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹425.43B | 54.17 | ― | 0.65% | 63.47% | ― | |
47 Neutral | ₹71.48B | -8.83 | ― | 0.60% | -70.27% | -100.11% | |
46 Neutral | ₹15.43B | 388.68 | ― | 0.15% | 6.15% | -7.36% | |
41 Neutral | ₹207.41B | 78.81 | ― | ― | -41.28% | ― |
* General Sector Average
IN:ITI
ITI Limited
215.85
-109.10
-33.57%
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IN:TEJASNET
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ITI Limited Corporate Events
ITI Limited Announces C&AG-Appointed Auditors for FY 2026-27
Oct 19, 2026
ITI Limited has disclosed a change in its auditors following a directive from the Comptroller and Auditor General of India for the financial year 2026-27. The company informed the BSE and NSE that several chartered accountant firms and LLPs have b...
ITI Limited Posts Q1 FY27 Loss as Revenue Moderates
Aug 13, 2026
ITI Limited reported its unaudited consolidated and standalone financial results for the quarter ended 30 June 2026, approved by the board following the audit committee’s recommendation. For the quarter, the company posted revenue from opera...
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.