India Tourism Development Corporation Limited (ITDC) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of India Tourism Development Corporation Limited ₹131, price ₹666, upside -80.3%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value ₹131.31 · Strongly overvalued (−80.3%)
✓Quality 72/100
!Mixed Growth(revenue 5y +24.6 %/yr)
✓Solidly profitable · 15.5% net margin (TTM)
✓Low debt · generates free cash flow
✓0.4% dividend yield · Well covered
!Mixed vs. peers(6/14)
✓Wide moat68/100
!Evidence only low, so the estimate is less certain
Watch India Tourism Development Corporation Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹263.67 – ₹892.29 · fair‑value band ₹103.05 – ₹166.02 · the ₹665.60 price screens above the ₹131.31 fair value. Dashed = 300-day average. As of Oct 1, 2026.
Follow India Tourism Development Corporation in your weekly email
Every Wednesday you see whether India Tourism Development Corporation is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
India Tourism Development Corporation Limited, together with its subsidiaries, operates in the travel, tourism, and hospitality industry in India. The company produces, distributes, and sells tourist publicity literature; and manages catering services.
Show more
India Tourism Development Corporation Limited, together with its subsidiaries, operates in the travel, tourism, and hospitality industry in India. The company produces, distributes, and sells tourist publicity literature; and manages catering services. It also offers entertainment services, engineering related consultancy services, duty free shopping facilities to tourists, and tourism and hospitality management related training and education services. In addition, the company is involved in the event management agency activities, such as conferences, exhibitions, workshops/seminars and other national and international events; consultancy and execution of tourism and engineering projects; and mounting of sound and light shows. It operates Ashok Group of Hotels, joint venture hotel, restaurant, and duty-free shops at sea ports, as well as ATT units, including air ticketing, tour packages, transportation, and cargo handling services. India Tourism Development Corporation Limited was incorporated in 1965 and is based in New Delhi, India.
Stock analysis
India Tourism Development Corporation Limited (ITDC) currently trades at ₹665.60, while our model-based Fair Value estimate is ₹131.31, 80.3% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹175.60 per share, and 0 of the 25 models we run sit above the ₹665.60 price.
Bear case: the Dividend Discount group reads lowest at ₹32.40, and 25 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹103.05 (bear) to ₹166.02 (bull), the price of ₹665.60 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 72/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
India Tourism Development Corporation Limited reported revenue of ₹5.3B in FY2026 versus ₹2.9B in FY2022, a compound +16.0%/yr. Reported net income was ₹827M in FY2026, compounding +110.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹57.3B (≈ $595M) · P/E ratio 68.9 · P/S ratio 10.7 · EPS (TTM) ₹9.66 · Dividend yield 0.4% · Net margin 15.5% · Return on equity 21.7% · Return on assets (EBIT) 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 80% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −28% fair-value upside, at −80%, ITDC screens richer than that median.
Fair Value models
Bear ₹103.05Fair Value ₹131.31Bull ₹166.02
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 2026 figures (about 6 months old). Earnings retained since then (₹3.40 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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.6%
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.
+5.0%
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.
+24.6%
Start year 2021 (pandemic). Over 10 years: +1.5% a year
Revenue growth 18 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.
+0.7%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+46.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+46.3%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.46.3% vs 16.5%, picking up
Profit margin 2021 to 2026 ⓘ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.−26% → 16%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+43.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +38.2% a year for the price.
Compare India Tourism Development Corporation Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Lodging · 158 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−80.3% · Bottom 25%
Profitability
Return on equity (TTM)21.7% · Top 25%
Return on assets7.0% · Top 25%
Net margin (TTM)15.5% · Above median
Operating margin (TTM)20.2% · Above median
Growth and dividend
Revenue growth−22.2% · Bottom 25%
Dividend yield (TTM)0.4% · Bottom 25%
Valuation Multiplesvs Lodging median · lower = cheaper
P/E (TTM)68.9× · Priciest 25%
P/B13.55× · Priciest 25%
P/S (TTM)10.75× · Priciest 25%
P/FCF76.6× · Priciest 25%
EV/EBITDA59.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)0· sector 29
PAST (return on equity)87· sector 13
HEALTH (low debt)100· sector 89
DIVIDEND (yield)9· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "India Tourism Development Corporation Limited Fair Value". https://www.fairvalue-calculator.com/stock/ITDC
Frequently asked questions
Is India Tourism Development Corporation Limited (ITDC) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹131.31 versus a price of ₹665.60, about −80% upside (overvalued).
What is the fair value of ITDC?
Our model-based fair value for India Tourism Development Corporation Limited is ₹131.31 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹665.60.
What is the quality score of ITDC?
India Tourism Development Corporation Limited has a Quality Score of 72/100. 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 India Tourism Development Corporation Limited (ITDC)?
Our model-based price target is the fair value of ₹131.31 (as of Oct 1, 2026) from 25 valuation models. Cautious scenario ₹103.05, optimistic scenario ₹166.02. It is a calculation from audited fundamentals, not an analyst target.
What is the India Tourism Development Corporation Limited stock forecast for 2026?
Our models put fair value at ₹131.31, about −80% upside versus a price of ₹665.60 (overvalued). Cautious scenario ₹103.05, optimistic scenario ₹166.02. The calculation is refreshed regularly with new filings.
What is the revenue of India Tourism Development Corporation Limited (ITDC)?
India Tourism Development Corporation Limited reported trailing-twelve-month revenue of about ₹5.3B (latest available figure, as of Oct 1, 2026).
Does India Tourism Development Corporation Limited pay a dividend?
India Tourism Development Corporation Limited currently shows a dividend yield of about 0.44% relative to its recent price (as of Oct 1, 2026).
What growth is priced into India Tourism Development Corporation Limited (ITDC)?
For today's price to be fair in a discounted-cash-flow model, India Tourism Development Corporation Limited would have to grow free cash flow by +43.9 % per year for five years (discount rate 13.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.6 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of ITDC use?
Our models discount India Tourism Development Corporation Limited at 13.0 %: a base by market capitalisation (small), damped by beta 0.77, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For India Tourism Development Corporation Limited that is +43.9 % per year a year over ten years, using the same discount rate (13.0 %) and the same formula as our fair value.
How much growth has India Tourism Development Corporation Limited (ITDC) delivered so far?
Over the past 5 years revenue at India Tourism Development Corporation Limited grew +24.6 % a year. The price currently implies +43.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of India Tourism Development Corporation Limited (ITDC) growing?
The median revenue growth in the sector is +3.2 % a year. That is the yardstick for the growth priced into India Tourism Development Corporation Limited (+43.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of India Tourism Development Corporation Limited (ITDC)?
The free-cash-flow yield on the price is 1.31 %: that much free cash flow India Tourism Development Corporation Limited produces per unit of market value. When it exceeds the discount rate of our models (13.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of India Tourism Development Corporation Limited (ITDC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For India Tourism Development Corporation Limited it is ₹131.31 per share (as of Oct 1, 2026), against a price of ₹665.60. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is India Tourism Development Corporation Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, ITDC trades above its calculated fair value: price ₹665.60, fair value ₹131.31, a gap of about −80% (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 ITDC?
No. The price is what the market pays today (₹665.60); the fair value is what the company's own numbers justify (₹131.31). For India Tourism Development Corporation Limited the two are ₹534.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is India Tourism Development Corporation Limited worth?
The market values India Tourism Development Corporation Limited at about ₹57.3B (market capitalisation, as of Oct 1, 2026). Per share that is ₹665.60; our models calculate a fair value of ₹131.31 per share.
What do the bullish and bearish scenarios say about ITDC?
Our models span a range for India Tourism Development Corporation Limited: cautious scenario ₹103.05, base ₹131.31, optimistic ₹166.02 per share (as of Oct 1, 2026, price ₹665.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITDC?
India Tourism Development Corporation Limited trades at a price-to-earnings ratio of 68.9 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹131.31 is built from several models across several years. Other multiples: P/B 13.6, P/S 10.7, EV/EBITDA 59.7.
How solid is the balance sheet of India Tourism Development Corporation Limited (ITDC)?
Balance-sheet figures for India Tourism Development Corporation Limited (as of Oct 1, 2026): return on equity 21.7%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is ITDC from its 52-week high?
India Tourism Development Corporation Limited trades at ₹665.60, about 16% below its 52-week high of ₹793.90 and 80% above the low of ₹370.50 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹131.31 is for.
Which stocks are comparable to India Tourism Development Corporation Limited?
From the same area (Consumer Cyclical) we also value Marriott International, Inc, Hilton Worldwide Holdings, InterContinental Hotels Group, Hyatt Hotels Corporation, 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 India Tourism Development Corporation Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹665.60, calculated fair value ₹131.31 (−80%), Quality Score 72/100, from 25 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 ITDC calculated?
We run India Tourism Development Corporation Limited through 25 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 ₹131.31, 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. India Tourism Development Corporation 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 India Tourism Development Corporation Limited (ITDC)?
The closing price on Oct 1, 2026 was ₹665.60. Our model-based fair value is ₹131.31, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with India Tourism Development Corporation Limited right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹166.02). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of India Tourism Development Corporation Limited (ITDC) come from?
Earnings per share at India Tourism Development Corporation Limited grew +17.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +2.6 %, EBIT margin +24.7 %, tax rate +0.3 %, residual (interest, one-offs) −8.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of India Tourism Development Corporation Limited
How large is the market capitalisation of India Tourism Development Corporation Limited (ITDC)?
The market capitalisation of India Tourism Development Corporation Limited is ₹57.3B (≈ $595M). 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 India Tourism Development Corporation Limited (ITDC)?
The price-to-sales ratio of India Tourism Development Corporation Limited is 10.7 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of India Tourism Development Corporation Limited (ITDC)?
Earnings per share at India Tourism Development Corporation Limited are ₹9.66 (price ÷ EPS = P/E 68.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of India Tourism Development Corporation Limited (ITDC)?
The dividend yield of India Tourism Development Corporation Limited is 0.4% (payout 30.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of India Tourism Development Corporation Limited (ITDC)?
The net margin of India Tourism Development Corporation Limited is 15.5% (fiscal year 2026). 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 India Tourism Development Corporation Limited (ITDC)?
The return on equity (ROE) of India Tourism Development Corporation Limited is 21.7% (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 India Tourism Development Corporation Limited (ITDC)?
On an EBIT basis the return on assets of India Tourism Development Corporation Limited is 10.2% (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 India Tourism Development Corporation Limited (ITDC)?
The operating margin of India Tourism Development Corporation Limited is 20.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at India Tourism Development Corporation Limited (ITDC)?
Revenue at India Tourism Development Corporation Limited is growing −22.2% versus a year earlier (3y avg +5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at India Tourism Development Corporation Limited (ITDC)?
Earnings per share at India Tourism Development Corporation Limited are growing +11.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does India Tourism Development Corporation Limited (ITDC) hold?
India Tourism Development Corporation Limited holds more cash than debt, ₹2.7B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch India Tourism Development Corporation Limited in the live analysis
One click puts India Tourism Development Corporation Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
