ITI Limited (ITI) AI Stock Analysis

ITI Limited

(NSE:ITI)

Select Model

Rating:40Underperform

Price Target:INR 205.00▼(-5.03% Downside)

Action:downgraded

Date:09/06/26

Weak financial performance due to volatility and losses is the primary driver, compounded by bearish technical indicators and high valuation multiple.

Positive Factors

Institutional DemandExposure to government and institutional customers provides a durable addressable market for telecom equipment, infrastructure, and ICT services. This customer orientation can support recurring tender opportunities and project relevance over the medium term, although execution remains important.

Negative Factors

Revenue ContractionThe sharp FY2026 revenue decline, following limited growth in the prior year, signals weak and volatile business momentum. Sustained contraction would reduce operating scale, make fixed costs harder to absorb, and limit the resources available for investment in products, projects, and customer delivery.

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

Market Cap: INR 212.47B
Dividend Yield: ―
Average Volume (3M): 18.42K
Price to Earnings (P/E): 78.8
Beta (1Y): 1.62
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

High volatility with inconsistent revenue, net losses in most years, declining equity, and negative cash flows highlight operational challenges.

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 SentimentNegative

Last Price215.85

Price Trends

50DMA252.25Negative

100DMA271.02Negative

200DMA277.73Negative

Market Momentum

MACD-9.94Positive

RSI26.82Positive

STOCH24.28Neutral

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 215.85 is below the 20-day moving average (MA) of 233.92, below 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

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 143.85B	76.09	―	0.16%	4.02%	16.28%
IN:HFCL	61Neutral	INR 354.03B	40.29	―	0.09%	101.01%	2852.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:STLTECH	55Neutral	INR 425.43B	54.17	―	―	63.47%	―
IN:TEJASNET	47Neutral	INR 71.48B	-8.83	―	0.62%	-70.27%	-100.11%
IN:NELCO	46Neutral	INR 15.43B	388.68	―	0.15%	6.15%	-7.36%
IN:ITI	40Underperform	INR 207.41B	78.81	―	―	-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	215.85	-111.10	-33.98%
IN:ASTRAMICRO	Astra Microwave Products Ltd.	1515.10	440.17	40.95%
IN:HFCL	HFCL Limited	231.30	153.68	198.00%
IN:NELCO	Nelco Limited	676.05	-193.92	-22.29%
IN:STLTECH	Sterlite Technologies Limited	827.60	706.05	580.87%
IN:TEJASNET	Tejas Networks Ltd.	401.25	-133.50	-24.96%

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 operatio...

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: Sep 06, 2026

ITI Limited AI Stock Analysis