ITI Limited

ITI Limited

ITI.NS
ITI LimitedIN flagNational Stock Exchange of India
302.65
INR
+5.10
- -
291.41BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
24.5
19.9
41.3
37.24
22.09
18.96
22.94
25.5
19.93
14.77
13.15
37.7
22.67
21.13
Basic EPS, GAAP
-12.74
-11.11
7.93
5.94
3.23
0.79
1.51
0.1
1.27
-3.81
-5.92
-2.24
3.04
2.24
Free Cash Flow per Basic Share
-5.14
-5.6
-14.77
-10.33
-4.7
-1.18
-2.93
0.68
-5.33
-3.75
9.74
-1.58
-1.45
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-148.65
-158.97
-161.05
-99.86
-57.08
-38.92
-36.68
-35.48
-34.06
-37.3
-42.46
10.02
10
9.32
Tangible Book Value per Share
28.38
18.07
24.91
26.82
25.88
20.83
25.85
26.39
27.94
25.14
18.57
16.93
19.78
18.44
Basic Weighted Avg Shares
288
288
288
410
643
880
898
926
934
944
961
959
963
1,033
Sales/Revenue/Turnover
7,055
5,732
11,893
15,269
14,213
16,682
20,589
23,622
18,607
13,954
12,636
36,164
21,837
21,837
Operating Margin (%)
-35.8
-38.01
17.97
18.73
10.73
-0.62
10.08
3.63
15.14
-13.81
-27.85
-3.57
-0.59
-1.74
Depreciation Expense
172
153
129
178
249
371
419
418
510
495
531
692
564
-563
Net Income, GAAP
-3,443
-2,971
2,512
2,664
2,306
925
1,457
95
1,187
-3,599
-5,689
-2,149
2,928
2,318
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-48.8
-51.84
21.12
17.45
16.22
5.55
7.08
0.4
6.38
-25.79
-45.02
-5.94
13.41
10.62
Working Capital
-15,003
-15,034
-14,775
-10,536
-6,423
-4,975
-4,564
-3,423
12,901
11,846
-8,154
-10,604
-4,513
-4,513
LT Debt
- -
3,000
3,000
3,000
3,000
3,000
1,800
3,000
2,407
1,806
1,207
602
1
1
Total Equity
8,188
5,206
7,173
10,997
16,651
18,331
23,202
24,441
26,080
23,745
17,844
16,246
19,056
19,056
Return on Invested Capital (%)
- -
- -
12.09
14.09
5.92
-0.34
6.27
2.3
6.88
- -
- -
- -
-0.44
-1.32
Return on Capital (%)
- -
- -
-11.72
-12.68
-13.76
-8.28
-12.83
-7.88
-16.79
- -
- -
- -
23.49
22.26
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
30.44
24.1

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
13,108
- -
7,649
LT Borrowings
- -
- -
1
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
963
- -
963
Market Capitalization
283,218
291,194
247,036

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
75,213
- -
68,102
Cash, Cash Equivalents & STI
21,548
- -
27,076
Accounts Receivable, Net
40,684
- -
29,056
Inventories
2,598
- -
2,057
Total Current Liabilities
87,552
- -
72,615
Payables & Accruals
- -
- -
- -
ST Debt
13,108
- -
7,649
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.8%
-3.75%
17.3%
Free Cash Flow
-147.71%
-282.2%
-7.63%
Net Income, GAAP
40.57%
101.8%
-236.27%
Sales/Revenue/Turnover
16.79%
18.18%
-39.62%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,570
2,465
2,588
6,013
12,636
2025
5,200
10,162
10,345
10,457
36,164
2026
4,980
5,434
5,146
6,276
21,837

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.08
-1.31
-1.05
- -
-5.92
2025
-0.95
-0.73
-0.51
-0.05
-2.24
2026
-0.66
-0.57
-0.26
3
3.04

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Rajesh Rai
Full Time Employees
1,007
Sector
Technology
Industry
Communication Equipment
Address
ITI Bhavan Bengaluru India 560016
IPO Date
Jul 1, 2002
Website
itiltd.in
Business
ITI Limited (ITI.NS), India's pioneering public sector undertaking in the telecommunications sector established in 1948 and headquartered in Bengaluru, manufactures, sells, and services a diverse portfolio of information and communication technology (ICT) products and solutions; core offerings include Gigabit Passive Optical Network (GPON) equipment such as OLT and ONT, managed leased line network (MLLN) products, stand-alone signaling transfer point (SSTP), Wi-Fi access points, radio modems, switched mode power supplies (SMPS), set-top boxes, digital mobile radio (DMR) systems, PCM multiplexers, ruggedized telephones for defense forces, smart cards and banking cards, hand-held terminals for smart card authentication, multiple encryption devices for defense including multi-capacity units, bulk encryption units (BEU) and terminal end secrecy devices (TESD), smart energy meters, solar power modules, mini personal computers, IoT products, optical transport network products like dense wavelength division multiplexing (DWDM), signaling point network products, IP/MPLS routers and switches, network management system solutions, microwave and satellite communication equipment, next-generation network equipment, and IT products and solutions; passive infrastructure products encompass optical fiber cables, HDPE ducts, and antennas; the company also provides turnkey telecom project execution, installation, commissioning, maintenance services, contract manufacturing, component screening, data center hosting, EMI/EMC and environmental testing, 3D printing, mechanical fabrication, and reliability engineering lab services. Manufacturing facilities operate in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, supported by an R&D center in Bengaluru and 11 marketing, services, and projects centers across major Indian cities including Chennai, Hyderabad, Mumbai, Ahmedabad, Kolkata, Guwahati, Bhopal, Delhi, Lucknow, and Chandigarh. Recent developments include signing memorandums of understanding in February 2024 with Lekha Wireless, Niral Networks, and InstaICT Solution for private 5G network solutions to accelerate 5G adoption; securing a Rs 3,889 crore advance purchase order from BSNL in May 2023 and a Rs 1,901 crore agreement for BharatNet NER-II Package-15 in 2025; leading a consortium as lowest bidder for a Rs 3,022 crore BharatNet middle-mile network project in 2024; winning orders for Rs 300 crore solar street lights in Bihar, Rs 167 crore Aaple Sarkar Seva Kendra in Maharashtra, Rs 95 crore mining digital transformation in Uttarakhand, Rs 88 crore in Odisha and Chhattisgarh, and Rs 64 crore for Wi-Fi/LAN and CCTV systems; initiating State Network Operations Center for BharatNet Phase-III in Himachal Pradesh; and receiving Rs 50 crore tranche from C-DOT in 2025 amid land dispute resolution.