As of 6 Nov 2026, India Tourism Development Corporation trades at 65.6× trailing earnings, above the industry P/E of 28.0×, and the shares are 23% below their 52-week high. Its ROCE of 27% is the highest among the 7 largest Lodging peers, and sales and net profit grew 4.6% and 14% a year over 3 years. It has almost no debt, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹5,409 Cr, ranked 7th of 54 Lodging companies by market cap; the shares rose 3.2% over the past year.
- ₹630.00
- ₹639.00
- ₹623.10
- ₹632.55
- 51.7K
Health check
- ReturnsAhead
+3.2% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 65.6 vs industry 28.0.
- GrowthSlow
Sales +4.6%, profit +14.5% a year over 3 years.
- ProfitabilityStrong
ROCE 26.6% vs peer median 13.5%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
P/E of 65.6 against an industry P/E of 28.0.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹5,409 Cr
- Small cap
- P/E
- 65.6
- Industry 28.0
- Price to book
- 12.80
- Peers 3.72
- Dividend yield
- 0.47%
- ROE
- 21.1%
- Peers 13.8%
- ROCE
- 26.6%
- Peers 13.5%
- Debt to equity
- 0.00
- Debt ₹0.63 Cr
- EPS (TTM)
- ₹9.61
- Face value ₹10
- OPM (TTM)
- 17.0%
- Net margin 15.4%
- Sales growth
- +2.7%
- Latest quarter vs a year ago
- Profit growth
- −3.7%
- Latest quarter vs a year ago
- Price to sales
- 10.10
- EV/EBITDA 56.4
Strengths and risks
Strengths
- Return on equity of 21.1%.
- Return on capital employed of 26.6%.
- Practically debt-free.
Risks to check
- P/E of 65.6 against an industry P/E of 28.0.
About India Tourism Development Corporation
India Tourism Development Corporation Limited, together with its subsidiaries, operates in the travel, tourism, and hospitality industry in India. The company produces, distributes, and sells tourist publicity literature; and manages catering services. It also offers entertainment services, engineering related consultancy services, duty free shopping facilities to tourists, and tourism and hospitality management related training and education services. In…
- Headquarters
- New Delhi
- Employees
- 426
- Sector
- Consumer Cyclical
- ISIN
- INE353K01014
- Website
- itdc.co.in
Price range
- Avg volume (3M)
- 4.5 L
- 1-year return
- plus 3.2%
- From 52-week high
- minus 23.3%
Peers · Lodging
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTELIndian Hotels Co. | 888.00 | plus 1.49% | 1,26,401 | 57.2 | 9.27 | 17.4% | 16.5% | 32.9% | 18.6% | 27.6% | 0.37% | plus 17.7% |
| THELEELALeela Palaces Hotels & Resorts | 692.30 | plus 0.37% | 23,120 | 37.2 | 3.53 | 8.3% | 7.2% | 48.9% | 21.1% | – | 0.00% | plus 56.7% |
| EIHOTELEIH | 313.05 | plus 1.72% | 19,577 | 27.5 | 3.72 | 16.2% | 12.7% | 34.1% | 13.3% | 25.9% | 0.48% | minus 22.9% |
| CHALETChalet Hotels | 810.70 | minus 1.52% | 17,754 | 30.1 | 4.46 | 16.6% | 19.1% | 44.1% | 34.9% | 52.1% | 0.25% | minus 14.4% |
| VENTIVEVentive Hospitality | 540.55 | plus 1.53% | 12,624 | 28.0 | 2.23 | 9.7% | 8.3% | 43.2% | 13.0% | – | 0.00% | minus 27.8% |
| LEMONTREELemon Tree Hotels | 117.39 | minus 0.12% | 9,295 | 36.1 | 6.16 | 13.5% | 17.8% | 47.5% | 16.3% | 25.6% | 0.00% | minus 30.0% |
| ITDCIndia Tourism Development Corporation | 630.65 | minus 0.30% | 5,409 | 65.6 | 12.80 | 26.6% | 21.1% | 17.0% | 4.6% | 14.5% | 0.47% | plus 3.2% |
| ELEVATEElevate Campuses | 279.25 | minus 2.39% | 4,706 | 22.7 | 0.65 | 8.8% | 13.8% | 56.3% | 22.9% | 77.0% | 0.00% | minus 13.5% |
| Median of 7 peers | – | 0.37% | 17,754 | 30.1 | 3.72 | 13.5% | 13.8% | 44.1% | 18.6% | 27.6% | 0.00% | −14.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 87.7 | 118 | 185 | 142 | 90.1 | |
| 78.8 | 99.4 | 152 | 112 | 81.8 | |
| 9 | 19.1 | 32.8 | 30.5 | 8.3 | |
| 10.2% | 16.1% | 17.8% | 21.5% | 9.2% | |
| 5.7 | 6.6 | 7.8 | 9.8 | 7.1 | |
| 0.4 | 0.4 | 0.4 | 0.6 | 0.2 | |
| 1.7 | 1.7 | 1.8 | 1.8 | 1.6 | |
| 12.5 | 23.6 | 38.4 | 37.9 | 13.7 | |
| 21.3% | 30.1% | 26.7% | 25.4% | 30.5% | |
| 9.9 | 16.5 | 28.1 | 28.3 | 9.5 | |
| 1.14 | 1.91 | 3.26 | 3.30 | 1.09 |
Profit & loss
- Sales CAGR 3Y
- +4.6%
- Profit CAGR 3Y
- +14.5%
- EPS CAGR 3Y
- +14.3%
- ROE
- 21.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 461 | 504 | 561 | 528 | |
| – | +9.5% | +11.3% | minus 6.0% | |
| 389 | 410 | 476 | 436 | |
| 71.8 | 94.2 | 85.7 | 91.7 | |
| 15.6% | 18.7% | 15.3% | 17.4% | |
| 15.5 | 15 | 19.1 | 26.5 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 7 | 6.9 | 6.6 | 7.1 | |
| 0.2 | −0.1 | 0.7 | 1.4 | |
| 80.5 | 102 | 98.8 | 113 | |
| 32.1% | 36.4% | 17.6% | 26.4% | |
| 55.1 | 64.6 | 81.5 | 82.7 | |
| – | +17.2% | +26.2% | +1.4% | |
| 6.43 | 7.47 | 9.29 | 9.60 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 85.8 | 85.8 | 85.8 | 85.8 | |
| 252 | 220 | 277 | 337 | |
| 0.6 | 0.6 | 0.6 | 0.6 | |
| 595 | 708 | 383 | 339 | |
| 934 | 1,015 | 747 | 762 | |
| 49 | 44.8 | 47 | 50.1 | |
| 3.3 | 4.3 | 5.5 | 8.4 | |
| 0 | 0 | 0 | 0 | |
| 229 | 195 | 247 | 292 | |
| 653 | 771 | 447 | 412 | |
| 934 | 1,015 | 747 | 762 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −11.8 | −3.1 | 52.8 | 70.4 | |
| −3 | 50.3 | −4.4 | −73.1 | |
| – | −18.9 | −21.6 | −24.9 | |
| −14.7 | 28.3 | 26.8 | −27.6 | |
| −13 | −1.6 | −9.6 | −10.2 | |
| −24.8 | −4.8 | 43.2 | 60.2 | |
| – | −18.9 | −21.6 | −24.9 |
Shareholding pattern
- Promoters87.03%
- Public12.97%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 87.03% | 12.97% | 0.00 | |
| 30 Jun 2026 | 87.03% | 12.97% | 0.00 | |
| 31 Mar 2026 | 87.03% | 12.97% | 0.00 | |
| 31 Dec 2025 | 87.03% | 12.97% | 0.00 | |
| 30 Sep 2025 | 87.03% | 12.97% | – |
Major shareholders
Filings & events
News
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