ITI Limited (523610) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ITI Limited ₹170, price ₹241, upside -29.5%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹81.50 – ₹545.80 · fair‑value band ₹150.13 – ₹189.34 · the ₹241.40 price screens above the ₹170.21 fair value. Dashed = 300-day average. As of Sep 24, 2026.
ITI Limited engages in the manufacture, sale, and servicing of telecommunication equipment primarily in India. Its telecom products and solutions include switching, transmission, access, and subscriber premises equipment.
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ITI Limited engages in the manufacture, sale, and servicing of telecommunication equipment primarily in India. Its telecom products and solutions include switching, transmission, access, and subscriber premises equipment. The company also offers energy meters, mini personal computers, 3D printing products, bank automation products, gigabit passive optical network OLT and ONT products, PCM multiplexers, ruggedized telephones for defense forces, smart and banking cards, set top boxes, hand held terminals for smart card authentication, and Wi-Fi equipment. In addition, it provides encryption devices for defense, solar power modules, switched mode power supply systems, Internet of Things products, radio modems, and AN rack hardware products, as well as HDPE ducts, OFC cables, solar panels, smart energy meters, and payment cards. Further, the company trades in optical transport network products, such as DWDM; managed leased line network products; signaling point network products; IP/MPLS routers and switches; network management system solutions; microwave and satellite communication equipment; next generation network equipment; and information technology products and solutions. Additionally, it offers installation, commissioning, operation, and maintenance services; electronic contract manufacturing services; mechanical fabrication services; printed circuit board manufacturing services; data center hosting services; EMI/EMC and environmental testing of electronic products; three dimensional printing services; mechanical fabrication services; and component screening services. ITI Limited was founded in 1948 and is based in Bengaluru, India.
Stock analysis
ITI Limited (523610) currently trades at ₹241.40, while our model-based Fair Value estimate is ₹170.21, 29.5% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: ₹150.13 (bear) to ₹189.34 (bull), the price of ₹241.40 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ITI Limited reported revenue of ₹36.2B in FY2025 versus ₹23.6B in FY2021, a compound +11.2%/yr. Reported net income was −₹2.1B in FY2025.
Key figures
Market cap ₹113B (≈ $1.2B) · P/E ratio 333.2 · P/S ratio 5.43 · EPS (TTM) ₹0.4010 · Net margin −5.9% · Return on equity 2.1% · Return on assets (EBIT) −1.0% · Operating margin −2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −29%, 523610 screens cheaper than that median.
Fair Value models
Bear ₹150.13Fair Value ₹170.21Bull ₹189.34
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹0.4010 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+186.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.9%
Start year 2020 (pandemic). Over 10 years: +20.2% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
5.2% (2020) → −1.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Communication Equipment · 299 stocks
Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Profitability
Return on equity (TTM)2.1% · Below median
Return on assets−0.4% · Below median
Net margin (TTM)2.2% · Below median
Operating margin (TTM)−2.0% · Below median
Growth and dividend
Revenue growth3.5% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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Cite: Fair Value Calculator (2026). "ITI Limited Fair Value". https://www.fairvalue-calculator.com/stock/523610
Frequently asked questions
Is ITI Limited (523610) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹170.21 versus a price of ₹241.40, about −29% upside (overvalued).
What is the fair value of 523610?
Our model-based fair value for ITI Limited is ₹170.21 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹241.40.
What is the quality score of 523610?
ITI Limited has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ITI Limited (523610)?
Our model-based price target is the fair value of ₹170.21 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario ₹150.13, optimistic scenario ₹189.34. It is a calculation from audited fundamentals, not an analyst target.
What is the ITI Limited stock forecast for 2026?
Our models put fair value at ₹170.21, about −29% upside versus a price of ₹241.40 (overvalued). Cautious scenario ₹150.13, optimistic scenario ₹189.34. The calculation is refreshed regularly with new filings.
What is the revenue of ITI Limited (523610)?
ITI Limited reported trailing-twelve-month revenue of about ₹20.8B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of ITI Limited (523610)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ITI Limited it is ₹170.21 per share (as of Sep 24, 2026), against a price of ₹241.40. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is ITI Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 523610 trades above its calculated fair value: price ₹241.40, fair value ₹170.21, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 523610?
No. The price is what the market pays today (₹241.40); the fair value is what the company's own numbers justify (₹170.21). For ITI Limited the two are ₹71.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is ITI Limited worth?
The market values ITI Limited at about ₹113B (market capitalisation, as of Sep 24, 2026). Per share that is ₹241.40; our models calculate a fair value of ₹170.21 per share.
What do the bullish and bearish scenarios say about 523610?
Our models span a range for ITI Limited: cautious scenario ₹150.13, base ₹170.21, optimistic ₹189.34 per share (as of Sep 24, 2026, price ₹241.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 523610?
ITI Limited trades at a price-to-earnings ratio of 333.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹170.21 is built from several models across several years. Other multiples: P/B 6.9, P/S 5.4.
How solid is the balance sheet of ITI Limited (523610)?
Balance-sheet figures for ITI Limited (as of Sep 24, 2026): return on equity 2.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 523610 from its 52-week high?
ITI Limited trades at ₹241.40, about 32% below its 52-week high of ₹356.30 and 1% above the low of ₹239.00 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹170.21 is for.
Which stocks are comparable to ITI Limited?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ITI Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹241.40, calculated fair value ₹170.21 (−29%), Quality Score 43/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 523610 calculated?
We run ITI Limited through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹170.21, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ITI Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ITI Limited (523610)?
The closing price on Oct 1, 2026 was ₹241.40. Our model-based fair value is ₹170.21, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ITI Limited right now?
The price sits above even our optimistic bull case (₹189.34). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ITI Limited
How large is the market capitalisation of ITI Limited (523610)?
The market capitalisation of ITI Limited is ₹113B (≈ $1.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ITI Limited (523610)?
The price-to-sales ratio of ITI Limited is 5.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ITI Limited (523610)?
Earnings per share at ITI Limited are ₹0.4010 (price ÷ EPS = P/E 333.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ITI Limited (523610)?
The net margin of ITI Limited is −5.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ITI Limited (523610)?
The return on equity (ROE) of ITI Limited is 2.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ITI Limited (523610)?
On an EBIT basis the return on assets of ITI Limited is −1.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ITI Limited (523610)?
The operating margin of ITI Limited is −2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ITI Limited (523610)?
Revenue at ITI Limited is growing +3.5% versus a year earlier (3y avg +24.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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