India Tourism Development Corporation share price today

India Tourism Development Corporation Ltd's share price was ₹624.00 at the close on 4 November 2026. It has been rising for 21 weeks. That is 0.2% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 6 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today India Tourism Development Corporation Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹387 and ₹743, and at that close it sat 67% of the way up from that low.

Over the last 11 years the share price moved +244% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 28 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: lowest operating margin in 8 quarters.

1. Lowest operating margin in 8 quarters

   Operating margin was 9.3% in the June 2026 quarter, against 10.2% a year earlier.

India Tourism Development Corporation paid ₹2.95 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.47% at the ₹624.00 close on 4 November 2026. The last was a dividend of ₹2.95 a share, ex-date 15 September 2026.

India Tourism Development Corporation dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. India Tourism Development Corporation Ltd paid out 31% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), India Tourism Development Corporation reported revenue of ₹90.1 crore, up 2.7% from ₹87.8 crore a year earlier, and a profit of ₹9.39 crore, down 3.6% from ₹9.74 crore.

India Tourism Development Corporation results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

India Tourism Development Corporation closed at ₹624.00 on 4 November 2026, up 5.8% from ₹589.70 a year earlier (7 November 2025) and up 66.0% over five years. Its highest weekly close since March 2016 was ₹871.25 on 5 July 2024.

India Tourism Development Corporation share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: India Tourism Development Corporation closed at ₹624.00, up 6.0% on the week and down 6.4% on the month. 15 Sep 2026: ex-date for a dividend of ₹2.95 a share.

Earlier

• Results for April to June 2026: Revenue up 2.7% and profit down 3.6% on a year earlier.
• Our read, 27 Jun 2026: India Tourism Development Corporation operates Ashok Hotels and tourism services as a Government of India undertaking. After COVID destroyed earnings in FY22, the company recovered sharply through FY23-26 with return on capital reaching thirty percent and current operating margins at their highest level in over a decade.

Our read of the business

India Tourism Development Corporation operates Ashok Hotels and tourism services as a Government of India undertaking. After COVID destroyed earnings in FY22, the company recovered sharply through FY23-26 with return on capital reaching thirty percent and current operating margins at their highest level in over a decade.

Latest quarter: Highest-margin quarter on record despite sharp revenue decline.

Our read after the latest results, written 27 June 2026.

What is changing at India Tourism Development Corporation, from the latest results and calls: india tourism sector tailwind and operational efficiency from cost discipline.

• India tourism sector tailwind. Post-COVID structural growth in domestic and international tourism has lifted hotel occupancy and average room rates across India. ⚠ estimate
• Operational efficiency from cost discipline. Margin improvement partly reflects cost discipline and fixed-cost leverage as revenue normalized from the COVID trough. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 27 June 2026.

If ITDC reports three consecutive quarters of operating margin above fifteen percent alongside revenue growth year-on-year, that would indicate the current margin level is structurally sustainable rather than cyclically peak.

Each change stops working if

• India tourism sector tailwind: Domestic travel demand contracts due to economic slowdown, or international arrivals fail to grow as expected, pulling average room rates below the level needed to support fifteen-percent-plus operating margin.
• Operational efficiency from cost discipline: Revenue declines more than ten percent from current levels, making fixed cost absorption deteriorate and pulling operating margin back below ten percent.

The main risks

• Revenue contraction trend: Full-year revenue declined six percent in FY26 and recent quarters show double-digit year-on-year declines, volume is contracting even as margins expand. ✓ fact
• PSU ownership and capital allocation discount: Government ownership at eighty-seven percent limits capital allocation efficiency and creates an overhang on any privatization scenario. ✓ fact

Our read after the latest results, written 27 June 2026.

When India Tourism Development Corporation reports July to September 2026, these are the 2 checks that show whether the story is still on course. First: Annual operating margin falling below twelve percent for two consecutive full-year periods, or sequential operating margin deterioration for three straight quarters, would indicate the mean-reversion is underway.

India Tourism Development Corporation is on one of our India lists: Hotel stocks.

India Tourism Development Corporation Ltd earned ₹9.4 Cr of net profit in the Jun 2026 quarter, −3.6% on the same quarter a year earlier. Full-year FY26 profit was ₹82.0 Cr. Over 10 years profit has grown 16.4% a year on average. That is 10.4% of the quarter's revenue. The same quarter a year earlier earned ₹9.7 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹82.0 Cr (+2.5% on the year before).

Why profit moved: revenue changed +2.7% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +3.8% and revenue −4.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

India Tourism Development Corporation Ltd reported ₹90.1 Cr of revenue in the Jun 2026 quarter, +2.7% on the same quarter a year earlier. Over 10 years it has grown 1.5% a year on average. The last full year, FY26, came in at ₹533 Cr. The last four reported quarters add to ₹535 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. India's domestic tourism has been on a sustained recovery since FY22, with both inbound international arrivals and domestic leisure travel growing. Government-hosted international events (G20 and related conclaves) boosted hotel demand in key cities where ITDC properties are located. As the largest government hospitality chain with prime urban locations, ITDC captured a share of this demand improvement. The benefit shows up in the margin expansion from zero in FY22 to seventeen percent in FY26 annual terms.

FY26 revenue was ₹533 Cr, −6.7% on the year before.

Recent pace: the last four quarters grew −4.1% on average, against 1.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −7.2%, against +4.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +4.0%, against +17.9% a year (rolling over).

India Tourism Development Corporation Ltd's operating margin was 9.3% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −25.0% and 18.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The recovery from near-zero OPM in FY22 to seventeen percent in FY26 partly reflects revenue normalization against a mostly fixed cost base. Government-mandated tariff structures and some operating cost contracts may also provide more pricing power than a pure private hotel would have. However, with the cost base now reset to current staffing and maintenance levels, further margin improvement is limited without either volume recovery or additional rate increases.

Why the margin moved: operating margin changed −1.0 percentage points on the year while gross margin changed +0.8 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 53% of India Tourism Development Corporation Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹70.0 Cr of operating cash against ₹82.0 Cr of profit. After ₹10.0 Cr of spending on assets, ₹60.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

India Tourism Development Corporation Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹533 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹23.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 1.4% of FY26 revenue a year.

Spending on assets: ₹23.0 Cr over the last 3 years, against ₹21.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹9.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

India Tourism Development Corporation Ltd's P/E is 64.6×, near the low end of its own history: it has been lower only 27% of the time. Its usual P/E (the middle reading) is 86.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.