The shares of the public sector undertaking gained up to 5 percent after the company bagged a significant work order for the Integrated Security System and others for Rs 64 crore.
With a market capitalization of Rs 38,459.50 crore, the shares of ITI LTD were trading at Rs 400.25 per share, decreasing around 5 percent as compared to the previous closing price of Rs 421.30 apiece.
Reason for Rise
The shares of the company have seen positive movement after ITI Limited secured two significant contracts: a ₹35 crore Wi-Fi and LAN setup for Sambalpur University, Odisha, covering 80 locations, and a ₹29.14 crore Integrated Security System for Central Railways, Mumbai, involving 1400 cameras across six stations, ensuring enhanced connectivity and safety.
Financial condition
Analyzing the company’s financial performance, revenue zoomed by 231 percent from Rs 157 crore in Q2FY24 to Rs 520 crore in Q2FY25 but during the same time, net loss minimized from Rs 103 crore to Rs 91 crore.
Recent orders
Recently, ITI Limited won an order from the Bihar Renewable Energy Development Authority (BREDA) for the supply and installation of 1,00,000 Solar Street Light Systems to the Bihar State Government worth Rs. 300 Crores.
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Ratio analysis
The company’s critical ratios show that the return on equity decreased from (15.87) percent in FY22-23 to (31.88) percent in FY23-24, while the return on capital employed decreased from (5.18) percent to (14.94) percent. The net profit margin (NPM) for fiscal year 22-23 is (45.03) percent.
Shareholding pattern
In the company’s recent shareholding pattern, the Promoters of the company own 90.00 percent while Retail shareholders own a 2.02 percent stake in the company, and Foreign Institutional Investors own a 0.03 percent stake.
Company profile
ITI Limited is engaged in the manufacturing, trading, and servicing of telecommunication equipment and rendering other associated/ancillary services. It manufactures telecom equipment, including electronic switching exchanges, transmission equipment, microelectronic, and telephone instruments.
Written by:- Abhishek Singh
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