ITDC

I T D C share price & financials

Price
₹619
Market cap
₹5.9k Cr
Sector
Consumer Services

What I T D C does

India Tourism Development Corporation (ITDC) is a Government of India public sector undertaking, incorporated in 1965 and administered under the Ministry of Tourism, with the President of India responsible for appointing its Managing Director and Board. Its leadership is drawn from backgrounds spanning hotel operations, catering, tourism marketing and hospitality management, reflecting the company's mandate of developing and running tourism and hospitality assets on the government's behalf. The Board includes dedicated functional directors for Finance and for Commercial & Marketing, alongside a government-nominee director and independent directors overseeing operations.

Ownership structure
Government of India public sector undertaking under the Ministry of Tourism
Founded 1965Headquarters New Delhi, India Company website

Quarterly results

Q1 FY27: revenue up 2.7%, net profit down 3.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue146 144 200 88 118 −19%185 +29%142 −29%90 +3%
EBITDA20 25 32 9 19 −5%33 +29%30 −5%8 −7%
Net profit24 21 25 10 16 −31%28 +36%28 +14%9 −4%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +5.8% 1Y

₹400₹500₹600₹700₹800Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹653 on 10 Sept 2025 → ₹690.85. High ₹793.9 (15 Jul 2026), low ₹370.5 (30 Mar 2026).

Financials, as filed

Revenue grew 4.9% a year over 3 years, FY23 to FY26. Operating margin widened to 17.1%.

Year endingFY23FY24FY25FY26
Revenue₹461 Cr₹525 Cr₹574 Cr₹533 Cr
Operating profit₹71 Cr₹94 Cr₹85 Cr₹91 Cr
Operating margin15.4%17.8%14.9%17.1%
Interest₹0 Cr₹3 Cr₹1 Cr₹2 Cr
Depreciation₹7 Cr₹7 Cr₹7 Cr₹7 Cr
Net profit₹56 Cr₹65 Cr₹81 Cr₹82 Cr
Net margin12.0%12.3%14.1%15.5%
Cash from operations₹-12 Cr₹-3 Cr₹53 Cr₹70 Cr
Free cash flow₹-25 Cr₹-5 Cr₹43 Cr₹60 Cr
ROCE28.0%34.0%30.0%30.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹86 Cr₹86 Cr₹86 Cr₹86 Cr₹86 Cr₹86 Cr
Reserves₹195 Cr₹198 Cr₹256 Cr₹220 Cr₹253 Cr₹337 Cr
Borrowings₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Other liabilities₹281 Cr₹300 Cr₹591 Cr₹708 Cr₹382 Cr₹339 Cr
Total liabilities₹563 Cr₹584 Cr₹934 Cr₹1.0k Cr₹721 Cr₹762 Cr
Fixed assets₹45 Cr₹40 Cr₹46 Cr₹40 Cr₹41 Cr₹42 Cr
Capital work in progress₹6 Cr₹11 Cr₹3 Cr₹4 Cr₹5 Cr₹9 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹511 Cr₹534 Cr₹885 Cr₹970 Cr₹675 Cr₹712 Cr
Total assets₹563 Cr₹584 Cr₹934 Cr₹1.0k Cr₹721 Cr₹762 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count grew 5% to 32,454.

Promoters
87.0%
FIIs
0.0%
DIIs
1.8%
Public
11.2%

Since Jun 2025

  • FIIs +0.03 pp
  • Public −0.03 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 87.0%, FIIs 0.0%, DIIs 2.0%, Public 11.0%.Dec '23: Promoters 87.0%, DIIs 1.9%, Public 11.1%.Mar '24: Promoters 87.0%, FIIs 0.1%, DIIs 1.8%, Public 11.1%.Jun '24: Promoters 87.0%, FIIs 0.0%, DIIs 1.8%, Public 11.2%.Sep '24: Promoters 87.0%, DIIs 1.8%, Public 11.2%.Dec '24: Promoters 87.0%, FIIs 0.0%, DIIs 1.8%, Public 11.2%.Mar '25: Promoters 87.0%, DIIs 1.8%, Public 11.2%.Jun '25: Promoters 87.0%, DIIs 1.8%, Public 11.2%.Sep '25: Promoters 87.0%, FIIs 0.0%, DIIs 1.8%, Public 11.2%.Dec '25: Promoters 87.0%, DIIs 1.8%, Public 11.2%.Mar '26: Promoters 87.0%, FIIs 0.0%, DIIs 1.8%, Public 11.2%.Jun '26: Promoters 87.0%, FIIs 0.0%, DIIs 1.8%, Public 11.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of I T D C above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
President Of India 87.03%unchanged
The Indian Hotels Company Limited 7.87%unchanged
LICI Asm Non Par Insurer1.78%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹691, this stock must grow earnings at 42% every year for 7 years. Our analysis caps realistic growth at ~15%. At that growth it is worth ₹177 — downside of 74%.

Growth the price implies
42.2% a year
for 7 years, fading to 4%
It has actually compounded at
14.0% a year
net profit, FY23–FY26 · EPS 14.6%
The gap
0.3 pp
-74% downside if it only repeats history
Price today ₹690.85 Value at the reference growth ₹177.25

Change the assumptions yourself →

Learn to analyse I T D C

Guides on how to read this kind of business and the numbers that matter.