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    ITI Limited

    PSU telecom equipment maker: 4G gear, defence comms & rural broadband infra for India

    Telecommunication
    Telecommunication
    ₹312.45
    +6.03% from avg

    Overview

    Price

    ₹312.45

    Market Cap

    ₹26.3k Cr

    Sector

    Telecommunication

    Telecommunication

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital925934934950961961961963
    Reserves1.4k1.5k1.7k1.4k823664490943
    Borrowings1.2k1.5k1.6k1.9k1.8k1.5k1.3k765
    Other Liabilities4.2k5.0k5.4k5.3k6.1k7.3k7.6k6.7k
    Total Liabilities7.8k9.0k9.6k9.5k9.6k10.4k10.4k9.3k
    AssetsFixed Assets2.7k2.7k2.7k2.8k2.7k2.7k2.7k2.4k
    CWIP189169154139142191916
    Investments383635353554054
    Other Assets4.8k6.0k6.7k6.6k6.7k7.7k7.7k6.9k
    Total Assets7.8k9.0k9.6k9.5k9.6k10.4k10.4k9.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating24-19994-432-294974-135-135
    Cash from Investing-126-73-30417846-543651924
    Cash from Financing-19285198241241-322-485-913
    SummaryCapital Expenditure
    Free Cash Flow-104-26191-489-33893763775
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    ITI · CAPITAL_INTENSIVE

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