ITI Limited (ITI) AI Stock Analysis

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ITI Limited

(NSE:ITI)

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Rating:41Neutral

Price Target:INR 247.00▼(-7.85% Downside)

Action:upgraded

Date:11/03/26

Weak financial performance with revenue volatility, losses, and liquidity concerns is the primary drag; mixed technical signals and high valuation provide minimal offset.

Positive Factors

Manageable LeverageHeadline leverage remains relatively manageable, giving ITI more financial flexibility than a highly indebted business would have. A sizable equity base can help absorb operating volatility and preserve capacity for investment, provided losses and cash-flow pressure do not persist.

Negative Factors

Sharp Revenue ContractionThe recent revenue deterioration indicates weaker business volume and reduces confidence in near-term operating scale. A sustained contraction would make fixed costs harder to absorb, limit reinvestment capacity, and weaken ITI’s ability to build durable earnings from its telecom and ICT activities.

ITI Limited (ITI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 212.47B
Dividend Yield: ―
Average Volume (3M): 68.48K
Price to Earnings (P/E): 97.8
Beta (1Y): 1.66
Revenue Growth: -41.28%
EPS Growth: ―
Country: India
Employees: 1,368
Sector: General
Sector Strength: 55
Industry: Communication Equipment

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 subscrib...

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 of e...

ITI Limited Financial Statement Overview

Summary

Income statement shows high volatility with inconsistent revenues and persistent net losses; balance sheet reflects declining equity despite moderate debt; cash flows are erratic indicating liquidity risks.

Income Statement

25Negative

Balance Sheet

40Negative

Cash Flow

30Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentPositive

Last Price268.05

Price Trends

50DMA248.17Positive

100DMA266.76Positive

200DMA275.66Negative

Market Momentum

MACD3.18Negative

RSI65.60Neutral

STOCH64.09Neutral

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 268.05 is above the 20-day moving average (MA) of 239.30, above the 50-day MA of 248.17, and below the 200-day MA of 275.66, indicating a neutral trend. The MACD of 3.18 indicates Negative momentum. The RSI at 65.60 is Neutral, neither overbought nor oversold. The STOCH value of 64.09 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ITI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ASTRAMICRO	70Neutral	INR 169.69B	74.81	―	0.14%	9.92%	34.22%
IN:HFCL	64Neutral	INR 321.50B	35.80	―	0.10%	101.01%	2852.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:STLTECH	52Neutral	INR 365.91B	46.70	―	―	63.47%	―
IN:NELCO	46Neutral	INR 18.45B	458.65	―	0.12%	6.15%	-7.36%
IN:TEJASNET	45Neutral	INR 74.94B	-9.23	―	0.59%	-70.27%	-100.11%
IN:ITI	41Neutral	INR 241.23B	97.83	―	―	-41.28%	―

* General Sector Average

Performance Comparison

IN:ITI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ITI	ITI Limited	268.05	-48.65	-15.36%
IN:ASTRAMICRO	Astra Microwave Products Ltd.	1702.70	693.48	68.71%
IN:HFCL	HFCL Limited	205.05	128.89	169.24%
IN:NELCO	Nelco Limited	800.45	-57.29	-6.68%
IN:STLTECH	Sterlite Technologies Limited	711.45	595.50	513.58%
IN:TEJASNET	Tejas Networks Ltd.	421.10	-100.05	-19.20%

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 been...

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 operations of...

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.

Date of analysis: Nov 03, 2026

ITI Limited AI Stock Analysis