India Tourism Development Corporation Ltd (Resorts) — fundamental analysis, earnings data, and key metrics. PE: 41.5. ROE: 24.2%. This stock is not currently in the Nifty 500 momentum outperformers list.
Deep value thesis based on recent earnings • Updated Mar 14, 2026
ITDC's core hotel business is recovering strongly with 28% revenue growth and 35% profit surge, but market is discounting value due to governance concerns that could be resolved through asset monetization and operational fixes.
Verdict
TURNAROUND_IN_PROGRESS
Re-rating catalysts over the next 2-4 quarters • Updated Mar 14, 2026
Settlement or recovery of ₹187 crore questionable receivables within next 2 quarters
Impact: +₹187 Cr revenue
“Auditor's qualified report highlighting non-compliance with GSA agreement terms”
Closing of Ashok/Janpath hotel disinvestment deals with DIPAM
“Long-pending disinvestment process at various stages with DIPAM and state governments”
Adding independent directors to meet SEBI LODR requirements
“Current failure to convene Audit Committee due to only one Independent Director”
Risks that could prevent re-rating or deepen the value trap
Auditor determines receivables non-recoverable
Management view: Company has not provided specific recovery plan in Q3 results
Monitor: Resolution status of ATT Delhi receivables
Prolonged legal disputes with hotel licensees
Management view: Company has not billed these fees since FY21 due to disputes
Monitor: Progress on licensee agreement renewals
Lack of progress on DIPAM disinvestment
Management view: Process remains in progress at various stages
Monitor: DIPAM approval status for hotel disinvestment
Forward-looking targets from management for FY26
Key Milestones
• Resolution of ATT receivables
• Progress on disinvestment deals
• Audit Committee reconstitution
The above analysis is AI-generated from publicly available financial data. This is educational research only — not investment advice. Last updated Mar 14, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
India Tourism Development Corporation Ltd's latest quarterly results (Dec 2025) show
India Tourism Development Corporation Ltd's current PE ratio is 41.5x.
India Tourism Development Corporation Ltd's price-to-book ratio is 9.8x.
India Tourism Development Corporation Ltd's fundamental strength based on key financial ratios
India Tourism Development Corporation Ltd has a debt-to-equity ratio of N/A.
India Tourism Development Corporation Ltd's return ratios over recent years
India Tourism Development Corporation Ltd's operating cash flow is positive (FY2025).
India Tourism Development Corporation Ltd's current dividend yield is 0.75%.
India Tourism Development Corporation Ltd's shareholding pattern (Dec 2025)
India Tourism Development Corporation Ltd's promoter holding has remained stable recently.
India Tourism Development Corporation Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
India Tourism Development Corporation Ltd has 3 key growth catalysts identified from recent earnings analysis
India Tourism Development Corporation Ltd has 3 key risks worth monitoring
India Tourism Development Corporation Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why India Tourism Development Corporation Ltd may be worth studying
India Tourism Development Corporation Ltd investment thesis summary:
India Tourism Development Corporation Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
