ITI
- Market cap
- ₹ 20,719 Cr.
- P/E
- 149.8x
- P/B
- 11.48x
- 52-week range
- 210.76 – 336.95
- ROE
- −9%
- ROCE
- 1%
- Dividend yield
- 0%
- Debt / equity
- 0.4
- Sector
- Telecom - Equipment & Accessories
- Industry
- Telecom - Equipment & Accessories
- Listed on
- NSE, BSE
About
ITI Ltd is an India-based company, which is in the business of manufacturing, trading, and servicing of telecommunication equipment’s and rendering other associated ancillary services. The Company is also engaged in defense projects. It offers a complete range of telecom products and total solutions covering the whole spectrum of switching, transmission, access, and subscriber premises equipment. Its products include digital mobile radio (DMR) system, smart energy meters, mini personal computers, smaash laptop, 3d printing, bank automation products, ruggedized telephones for defense forces, smart cards and banking cards, handheld terminals for smart card authentication, set top boxes, wi-fi equipment, solar power modules, radio modems, AN rack hardware, and others. Its traded products include Optical transport network products, managed leased line network products, signaling point network products, IP/MPLS routers and switches, network management system solutions, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Telecom - Equipment & Accessories: 14 companies →ITI against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)149.8 against a typical 41.2: pricier than most peers (1st = cheapest).12th of 13
- Sales growth−14.7% against a typical +40.6% from a year earlier.10th of 13
- Share price, 3 months−21.8% against a typical +10.7%.13th of 13
- Size₹ 20,718.5 Cr. market value against a typical ₹ 845.1 Cr. (1st = largest).2nd of 13
Latest announcements
Exchange filings and their impact on the company.
- Rs 18637 cr order book and debt halved on land sale set up revenue rebound, but FY26 Rs 293 cr profit was one-off.
ITI filed its Annual Report for FY 2025-26, reporting turnover of Rs 2465 cr including GST (Rs 2184 cr excluding GST) and profit after tax of Rs 293 cr. The profit includes an Rs 832 cr exceptional gain on sale of 21 acres in Bengaluru to GST authorities for Rs 914 cr, while operations lost Rs 156 cr. The order book stood at about Rs 18637 cr, including ASCON Phase-IV and three BharatNet Phase-III packages, and land proceeds were used to cut borrowings sharply, giving multi-year revenue visibility but leaving execution and working capital as key.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB- to BB by 4 agencies- The agencies don't fully agree: Infomerics says BBB-, ICRA says BB.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BB+; IND A4+ | Positive | 3 Aug 2026 |
| Infomerics | IVR BBB- | Stable | 5 Feb 2026 |
| Acuite | ACUITE BB | Stable | 20 Oct 2025 |
| ICRA | [ICRA]BB /[ICRA]A4 | Stable | 18 Aug 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 3 Aug 2026 | Rating action | IND BB+ | — | India Ratings | ₹ 4,221.39 Cr. | |
| 5 Feb 2026 | New rating | IVR BBB- | — | Infomerics | ₹ 4,221.39 Cr. | |
| 20 Oct 2025 | ▲ Upgrade | ACUITE BB | — | Acuite | ₹ 4,852.53 Cr. | |
| 18 Aug 2025 | ▲ Upgrade | [ICRA]BB /[ICRA]A4 | — | ICRA | ₹ 4,851.69 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 13 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 30 Jul 2025 | Fund Raising | To consider Fund Raising |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 246 | 259 | 601 | 520 | 1,016 | 1,035 | 1,046 | 498 | 543 | 515 | 628 | 425 |
| Expenses | 299 | 302 | 775 | 533 | 1,025 | 1,045 | 1,074 | 505 | 545 | 489 | 601 | 423 |
| Operating Profit | −53 | −43 | −174 | −13 | −9 | −11 | −28 | −7 | −1 | 25 | 27 | 2 |
| OPM % | −21% | −17% | −29% | −2.4% | −0.8% | −1% | −2.7% | −1.5% | −0.2% | 4.9% | 4.3% | 0.4% |
| Other Income | 10 | 13 | 9 | −11 | 14 | 20 | 98 | 9 | 13 | 8 | 472 | 8 |
| Interest | 69 | 57 | 60 | 53 | 62 | 64 | 45 | 51 | 53 | 48 | 45 | 30 |
| Depreciation | 13 | 14 | 14 | 14 | 14 | 13 | 29 | 15 | 13 | 11 | 18 | 13 |
| Profit before tax | −126 | −102 | −239 | −91 | −70 | −67 | −5 | −63 | −54 | −26 | 436 | −32 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | −126 | −102 | −239 | −91 | −70 | −67 | −5 | −63 | −54 | −26 | 436 | −32 |
| EPS in Rs | −1.31 | −1.06 | −2.49 | −0.95 | −0.73 | −0.7 | −0.05 | −0.66 | −0.56 | −0.27 | 4.53 | −0.34 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- −2%
- 3 Years
- 16%
- TTM
- −41%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 16%
- TTM
- 51%
- 10 Years
- 25%
- 5 Years
- 20%
- 3 Years
- 34%
- TTM
- —
- 10 Years
- −3%
- 5 Years
- −12%
- 3 Years
- −18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| ITI | ₹ 221.00 | ₹ 20,719 Cr. | 149.8x | 11.5x | −9% | — |
| HFCL | ₹ 240.45 | ₹ 36,803 Cr. | 100.1x | 6.7x | 7% | 6.7% |
| Tejas Networks | ₹ 410.00 | ₹ 7,297 Cr. | — | 3.3x | −26.8% | −82.4% |
| Avantel | ₹ 136.55 | ₹ 3,606 Cr. | 308.2x | 13.4x | — | 7.1% |
| Vindhya Telelinks | ₹ 2,478.30 | ₹ 2,894 Cr. | 9.6x | 0.5x | 5.3% | 6.1% |
| Paramount Communications | ₹ 57.59 | ₹ 1,885 Cr. | 32.8x | 2.5x | 8% | 3.1% |
Management
- Rajesh Rai
- Executive Chairman of the Board, Managing Director, Director (Human Resources)
- Ramana Babu
- Chief Financial Officer
- Venkata Ramana Babu Chundru
- Executive Director, Director of Marketing, Director of Finance
- Y. Sathyan
- Compliance Officer, Company Secretary
- Sethuraman Jeyanthi
- Whole-Time Director, Director Production
- Babji Patchilla
- Chief Vigilance Officer
Prices are delayed and for information only. Nothing on this page is investment advice.