India Tourism Development Corporation Ltd
ITDCIndia Tourism Development Corporation Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: profits are rising, but only 53% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 37th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +12.0% year on year, and 53% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
India Tourism Development Corporation Ltd trades at ₹700, in a confirmed uptrend and 8 weeks into that stage. That is +18.0% against its own 200-day average. It sits at 88% of a 52-week range of ₹387 to ₹743. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹700 it trades +18.0% versus its 200-day average and sits at 88% of its 52-week range (₹387–₹743).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +286% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 5 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
India Tourism Development Corporation Ltd trades at 72.3× P/E, mid-range by its own standards (37th percentile). Its long-run median P/E is 88.3×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 72.3× is mid-range by its own standards (37th percentile), against a long-run median of 88.3× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +1.4% against a +22.2% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 10y, of the +12.2%/yr price move, ~+10.5%/yr came from earnings growth and ~+1.7 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 6.6% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
India Tourism Development Corporation Ltd reads as mixed on its fundamental arc. Mixed — profit growth is rising at +12.0% (single-quarter readings) while revenue growth is falling at −29.0% (single-quarter readings) — the curves disagree, so the per-curve reads carry the story. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −6.5% | +4.7% | +24.7% | +1.5% |
| Profit | +1.2% | +11.6% | — | +16.4% |
| EPS | +1.4% | +11.8% | — | +16.6% |
| Share price | +22.2% | +25.7% | +12.3% | +12.2% |
4-Factor Sector Score
65.4/100 — rank 1 of 3 in Resorts · 68% evidence confidence
India Tourism Development Corporation Ltd scores 65.4 out of 100 against the 3 companies it is compared with in Resorts, ranking 1. Price leads the evidence: RS versus the benchmark is 20%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 13.4 + 22 + 10 + 20 = 65.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
India Tourism Development Corporation Ltd reported ₹142 Cr of revenue in the Mar 26 quarter, −29.0% year on year. Over 10 years it has compounded at 1.5% a year. The last full year, FY26, came in at ₹533 Cr. The last four reported quarters add to ₹533 Cr.
FY26 revenue came in at ₹533 Cr (−6.5% on the year), capping 10 years at 1.5% compound. The latest quarter (Mar 26) printed ₹142 Cr, −29.0% year on year.
Pace check: the last four quarters averaged −4.0% growth against the decade's 1.5% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −7.3% over the last 4 quarters against +0.8%/yr over the last 8 — rolling over; TTM profit +0.0% vs +13.2%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
India Tourism Development Corporation Ltd's operating margin is 21.0% in the Mar 26 quarter, +5.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −25.0% to 18.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 21.0%, +5.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −25.0%–18.0%.
Why the margin moved: operating margin went +5.4 pp year on year while gross margin went +10.9 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
India Tourism Development Corporation Ltd earned ₹28.0 Cr of net profit in the Mar 26 quarter, +12.0% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹82.0 Cr. The 10-year compound rate is 16.4%. That is 19.7% of the quarter's revenue. The same quarter a year earlier earned ₹25.0 Cr.
Mar 26 profit was ₹28.0 Cr, +12.0% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹82.0 Cr (+1.2%), and the 10-year compound rate is 16.4%.
Why profit moved: revenue contributed −29.0% and the margin +5.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −1.2% vs revenue −4.0%. Profit and revenue are moving roughly in step.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 53% of India Tourism Development Corporation Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹70.0 Cr of operating cash against ₹82.0 Cr of profit. After ₹9.0 Cr of capital spending, ₹61.0 Cr was left as free cash.
FY26: operating cash of ₹70.0 Cr against reported profit of ₹82.0 Cr, leaving free cash of ₹61.0 Cr after ₹9.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 53% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 53%: the cash cycle stretched 668 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 668 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
India Tourism Development Corporation Ltd's cash conversion cycle runs −47 days in FY26, up from −715 days in FY21. Capital spending ran ₹22.0 Cr over the last 3 years. At FY26 sales of ₹533 Cr each day of that cycle holds about ₹1.5 Cr, so roughly ₹−69.0 Cr sits inside the business at any moment.
FY26: debtors at 76 days, inventory at 36 days — roughly 1.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −47 days, looser than FY21's −715.
The full loop: cash goes out to suppliers and production on day 0; stock waits 36 days to sell; customers pay about 76 days after that; and suppliers themselves are paid at 159 days — netting out to the −47-day cycle.
In money terms: at FY26 sales of ₹533 Cr, each day of the cycle holds about ₹1.5 Cr — so the −47-day loop keeps roughly ₹−69.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹22.0 Cr over the last 3 fiscal years against ₹21.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹8.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
India Tourism Development Corporation Ltd earns a ROCE of 30% in FY26. That is up from a trough of −12% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 15.4% net margin on 0.70× asset turns.
FY26 ROCE is 30%, recovered from a FY21 trough of −12% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 15.4% net margin × 0.70× asset turns × 1.80× balance-sheet leverage ≈ 19.4% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 6.6% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
India Tourism Development Corporation Ltd carries ₹1.0 Cr of borrowings against ₹423 Cr of equity in FY26, a debt-to-equity of 0.00. Operating profit covers the interest bill 46×. Over 5 years borrowings went from ₹1.0 Cr to ₹1.0 Cr. Capital spending ran ₹22.0 Cr across the last 3 of those years.
FY26: borrowings of ₹1.0 Cr against equity of ₹423 Cr — a debt-to-equity of 0.00. Operating profit covers the interest bill 46×. Over 5 years borrowings went from ₹1.0 Cr to ₹1.0 Cr while capital spending ran ₹22.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 6.6% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of India Tourism Development Corporation Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.0 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +0.0 points over 8 quarters to 87.0%; Foreign institutions: +0.0 points over 8 quarters to 0.0%; Domestic institutions: +0.0 points over 8 quarters to 1.8%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
India Tourism Development Corporation Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1India Tourism Development Corporation Ltdthis pageITDC | 65.4/100Favorable setup68% evidence | LEADER | 13.4/35 Revenue -7.3% · PAT 0% · OPM change 5 pp 83% evidence | 22.0/25 ROCE 29.9% · OPM 21% 76% evidence | 10.0/20 P/E 72.3× · PEG — 0% evidence | 20.0/20 RS sector 8.8% · RS bench 20% · 1Y 20.8%11 of 12 weeks ahead 100% evidence |
| Exact sum: 13.4 + 22 + 10 + 20 = 65.4 · Decision use: Price leads the evidence: RS versus the benchmark is 20%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 2Praveg LtdPRAVEG | 37.9/100Mixed-negative evidence67% evidence | ASLEEP | 16.1/35 Revenue 44.1% · PAT -80% · OPM change 3.3 pp 83% evidence | 7.5/25 ROCE 1.7% · OPM 29.8% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 4.3/20 RS sector -22% · RS bench -2.3% · 1Y -38.1%1 of 7 weeks ahead 70% evidence |
| Exact sum: 16.1 + 7.5 + 10 + 4.3 = 37.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Mahindra Holidays & Resorts India LtdMHRIL | 35.5/100Mixed-negative evidence73% evidence | ASLEEP | 6.5/35 Revenue 6.8% · PAT -59.6% · OPM change -2 pp 95% evidence | 8.5/25 ROCE 8.1% · OPM 15.4% 76% evidence | 8.5/20 P/E 94.3× · PEG — 35% evidence | 12.0/20 RS sector 13.3% · RS bench -25.3% · 1Y -39.3%0 of 10 weeks ahead 70% evidence |
| Exact sum: 6.5 + 8.5 + 8.5 + 12 = 35.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is India Tourism Development Corporation Ltd's share price today?
India Tourism Development Corporation Ltd trades at ₹700, +22.2% over the past year. The company is valued at ₹6,010 Cr. The stock sits at 88% of its 52-week range of ₹387–₹743, +18.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 31 July 2026.
What were India Tourism Development Corporation Ltd's latest quarterly results?
India Tourism Development Corporation Ltd reported revenue of ₹142 Cr and net profit of ₹28.0 Cr for the Mar 26 quarter. Revenue fell 29.0% and profit rose 12.0% year on year. Earnings per share were ₹3.30. The operating margin was 21.0%, 5.0 pp higher than a year earlier. — as of 31 July 2026.
What is India Tourism Development Corporation Ltd's revenue?
India Tourism Development Corporation Ltd reported revenue of ₹142 Cr in the Mar 26 quarter, −29.0% year on year. For the full FY26 fiscal year, revenue was ₹533 Cr (−6.5%). Over the last 10 years revenue compounded at 1.5% a year. — as of 31 July 2026.
What is India Tourism Development Corporation Ltd's profit?
India Tourism Development Corporation Ltd earned ₹28.0 Cr of net profit in the Mar 26 quarter, +12.0% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹82.0 Cr. The operating margin ran 21.0% in the latest quarter. — as of 31 July 2026.
What is India Tourism Development Corporation Ltd's market cap?
India Tourism Development Corporation Ltd's market capitalisation is ₹6,010 Cr at a share price of ₹700. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is India Tourism Development Corporation Ltd's P/E ratio?
India Tourism Development Corporation Ltd trades at a P/E of 72.3×, at the 37th percentile of its own 10-year range, against a long-run median of 88.3×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does India Tourism Development Corporation Ltd pay a dividend?
Yes — India Tourism Development Corporation Ltd's dividend payout was 31% of profit in FY26, and it recorded a payout in 10 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is India Tourism Development Corporation Ltd overvalued?
On its own history, India Tourism Development Corporation Ltd looks mid-range against its own history: its P/E of 72.3× sits at the 37th percentile of its 10-year range (long-run median 88.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is India Tourism Development Corporation Ltd growing?
Yes — India Tourism Development Corporation Ltd is growing: latest-quarter revenue −29.0% year on year, profit +12.0%, and the margin +5.0 pp at 21.0%. The 10-year compound rates are 1.5% (revenue) and 16.4% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is India Tourism Development Corporation Ltd performing?
India Tourism Development Corporation Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue fell 29.0% and profit rose 12.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 5 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is India Tourism Development Corporation Ltd in?
Mixed — profit growth is rising at +12.0% (single-quarter readings) while revenue growth is falling at −29.0% (single-quarter readings) — the curves disagree, so the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth −29.0% latest, profit growth +12.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is India Tourism Development Corporation Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +18.0% versus its 200-day average and at 88% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is India Tourism Development Corporation Ltd beating the market?
On recent form, yes — India Tourism Development Corporation Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +286% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.
Will India Tourism Development Corporation Ltd's share price go up?
This page publishes no price forecast for India Tourism Development Corporation Ltd. What it measures instead: the share price is ₹700, the price is in a confirmed uptrend 8 weeks in. Its P/E of 72.3× sits at the 37th percentile of its own 10-year range. — as of 31 July 2026.
Who owns India Tourism Development Corporation Ltd?
Promoters hold 87.0% of India Tourism Development Corporation Ltd, foreign institutions 0.0%, domestic institutions 1.8% and the public 11.2% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.
Does India Tourism Development Corporation Ltd have too much debt?
No — India Tourism Development Corporation Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill 46×. FY26 borrowings were ₹1.0 Cr against equity of ₹423 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.
What is India Tourism Development Corporation Ltd's capex?
India Tourism Development Corporation Ltd spent ₹22.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹9.0 Cr, with ₹8.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is India Tourism Development Corporation Ltd's cash flow?
India Tourism Development Corporation Ltd generated ₹70.0 Cr of operating cash flow in FY26 and ₹61.0 Cr of free cash flow after ₹9.0 Cr of capital spending. Reported profit that year was ₹82.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is India Tourism Development Corporation Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 53% of India Tourism Development Corporation Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹70.0 Cr against reported profit of ₹82.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 31 July 2026.
Where is India Tourism Development Corporation Ltd in its business cycle?
India Tourism Development Corporation Ltd's FY26 operating margin was 17.0%, against a 13-year band of −25.0%–18.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 21.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the India Tourism Development Corporation Ltd story?
The sharpest disagreement: profits are rising, but only 53% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is India Tourism Development Corporation Ltd a stock worth studying right now?
This is not investment advice. The machine read: India Tourism Development Corporation Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.