ITI Limited (ITI) Fair Value & Analysis
Technology · IN · Market cap ₹269B
Strengths
Risks
Fair value as of: Aug 21, 2026
From 11 valuation models · updated today
Share price −2.2% over the past month.
Below-average quality, and screening another 86% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹64.63). The favourable scenario is already priced in.
- Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (₹26.90 to ₹64.63) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ₹81.50 – ₹545.80 · fair‑value band ₹26.90 – ₹64.63 · the ₹279.50 price screens above the ₹38.71 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
ITI Limited (ITI) currently trades at ₹279.50, while our model-based Fair Value estimate is ₹38.71, implying the stock looks roughly 86.2% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, ITI Limited generated revenue of ₹21.1B at a net margin of 15.4%. Revenue declined 14.7% year over year. It earns a return on equity of 16.6%. Net debt stands at ₹7.4B. Fundamentals as of Aug 21, 2026
Our scenario range runs from ₹26.90 (bear case) to ₹64.63 (bull case); at ₹279.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -86%, ITI screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 11 models by family
Widest divergence: Growth Earnings (₹70.55) versus Asset-Based (₹13.26). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 47
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
ITI Limited engages in the manufacture, sale, trading, and servicing of telecommunication equipment in India. The company's telecom products and solutions include switching, transmission, access, and subscriber premises equipment.
Full company description
ITI Limited engages in the manufacture, sale, trading, and servicing of telecommunication equipment in India. The company's telecom products and solutions include switching, transmission, access, and subscriber premises equipment. It also offers smart energy meters, mini personal computers, laptops, 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, handheld terminals for smart card authentication, set top boxes, Wi-Fi equipment, 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 digital mobile radio system. In addition, 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; network equipment; and information technology products and solutions. Further, it offers data center hosting services; EMI/EMC and environmental testing of electronic products; 3D printing services; mechanical fabrication services; reliability engineering lab services; installation, commissioning, operation, and maintenance services; electronic contract manufacturing services; printed circuit board manufacturing services; and component screening services for mission critical components. Additionally, the company builds communication networks using internet protocol/multi-protocol label switching technology, optical fibre cable, microwave radio, and satellite communication channels; provides customized support; and engages in turnkey contracts/solutions and defense projects. ITI Limited was founded in 1948 and is based in Bengaluru, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ITI Limited reported revenue of ₹21.8B in FY2025 versus ₹18.6B in FY2021, a compound +4.1%/yr. Reported net income was ₹2.9B in FY2025, compounding +25.3%/yr from FY2021.
ITI screens 86% overvalued. Compare with Cisco Systems, Inc →
Peer Group
Communication Equipment · 303 stocks
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.
Valuation Multiples vs Communication Equipment median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $111.61 | $61.53 | -45% |
| Zhongji Innolight Co 300308 | ¥921.00 | ¥171.09 | -81% |
| Foxconn Industrial Internet Co 601138 | ¥61.83 | ¥28.65 | -54% |
| Eoptolink Technology Inc 300502 | ¥429.90 | ¥176.99 | -59% |
| Nokia Oyj NOK | $10.32 | $3.77 | -63% |
| Motorola Solutions, Inc MSI | $469.74 | $236.33 | -50% |
| Suzhou TFC Optical Communication Co 300394 | ¥276.25 | ¥43.67 | -84% |
| Accton Technology Corporation 2345 | 2,270 TWD | 1,135 TWD | -50% |
| Telefonaktiebolaget LM Ericsson (publ), ERICB | kr 96.52 | kr 157.82 | +64% |
| ZTE Corporation 000063 | ¥33.67 | ¥19.72 | -41% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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