India Tourism Development Corporation Limited (ITDC) - Net Assets
Based on the latest financial reports, India Tourism Development Corporation Limited (ITDC) has net assets worth Rs4.15 Billion INR (≈ $44.88 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs7.62 Billion ≈ $82.43 Million USD) and total liabilities (Rs3.47 Billion ≈ $37.55 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of India Tourism Development Corporation Li to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.15 Billion |
| % of Total Assets | 54.45% |
| Annual Growth Rate | 1.58% |
| 5-Year Change | 50.12% |
| 10-Year Change | 31.64% |
| Growth Volatility | 8.56 |
India Tourism Development Corporation Limited - Net Assets Trend (2008–2026)
This chart illustrates how India Tourism Development Corporation Limited's net assets have evolved over time, based on quarterly financial data. See India Tourism Development Corporation Li (ITDC) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for India Tourism Development Corporation Limited (2008–2026)
The table below shows the annual net assets of India Tourism Development Corporation Limited from 2008 to 2026. For live valuation and market cap data, see India Tourism Development Corporation Li market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs4.15 Billion ≈ $44.88 Million |
+17.81% |
| 2025-03-31 | Rs3.52 Billion ≈ $38.10 Million |
-6.88% |
| 2024-03-31 | Rs3.78 Billion ≈ $40.91 Million |
+14.07% |
| 2023-03-31 | Rs3.32 Billion ≈ $35.87 Million |
+19.96% |
| 2022-03-31 | Rs2.76 Billion ≈ $29.90 Million |
+1.70% |
| 2021-03-31 | Rs2.72 Billion ≈ $29.40 Million |
-13.20% |
| 2020-03-31 | Rs3.13 Billion ≈ $33.87 Million |
-4.07% |
| 2019-03-31 | Rs3.26 Billion ≈ $35.31 Million |
+7.35% |
| 2018-03-31 | Rs3.04 Billion ≈ $32.89 Million |
-3.54% |
| 2017-03-31 | Rs3.15 Billion ≈ $34.09 Million |
+3.47% |
| 2016-03-31 | Rs3.05 Billion ≈ $32.95 Million |
+0.70% |
| 2015-03-31 | Rs3.03 Billion ≈ $32.72 Million |
+1.94% |
| 2014-03-31 | Rs2.97 Billion ≈ $32.10 Million |
+1.90% |
| 2013-03-31 | Rs2.91 Billion ≈ $31.50 Million |
+0.96% |
| 2012-03-31 | Rs2.88 Billion ≈ $31.20 Million |
+1.15% |
| 2011-03-31 | Rs2.85 Billion ≈ $30.85 Million |
-2.99% |
| 2010-03-31 | Rs2.94 Billion ≈ $31.80 Million |
-10.44% |
| 2009-03-31 | Rs3.28 Billion ≈ $35.51 Million |
+4.90% |
| 2008-03-31 | Rs3.13 Billion ≈ $33.85 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to India Tourism Development Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs857.69 Million | 20.29% |
| Other Components | Rs3.37 Billion | 79.71% |
| Total Equity | Rs4.23 Billion | 100.00% |
India Tourism Development Corporation Limited Competitors by Market Cap
The table below lists competitors of India Tourism Development Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TSRC Corp
TW:2103
|
$573.62 Million |
|
Energy Resources of Australia Ltd
AU:ERA
|
$573.69 Million |
|
Princess Private Equity Holding Ltd
LSE:PEY
|
$574.17 Million |
|
Peoples Fin
NASDAQ:PFIS
|
$574.22 Million |
|
Korea District Heating Corp
KO:071320
|
$573.60 Million |
|
MNTN, Inc.
NYSE:MNTN
|
$573.60 Million |
|
Plan B Media PCL
BK:PLANB
|
$573.55 Million |
|
Xiamen Hexing Packaging Printing Co Ltd
SHE:002228
|
$573.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in India Tourism Development Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 3,637,839,000 to 4,227,439,000, a change of 589,600,000 (16.2%).
- Net income of 827,107,000 contributed positively to equity growth.
- Dividend payments of 248,731,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,531,398,000.
- Other factors increased equity by 1,542,622,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs827.11 Million | +19.57% |
| Dividends Paid | Rs248.73 Million | -5.88% |
| Other Comprehensive Income | Rs-1.53 Billion | -36.23% |
| Other Changes | Rs1.54 Billion | +36.49% |
| Total Change | Rs- | 16.21% |
Book Value vs Market Value Analysis
This analysis compares India Tourism Development Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 12.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.30x to 12.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Rs43.25 | Rs618.40 | x |
| 2009-03-31 | Rs38.28 | Rs618.40 | x |
| 2010-03-31 | Rs37.61 | Rs618.40 | x |
| 2011-03-31 | Rs32.93 | Rs618.40 | x |
| 2012-03-31 | Rs33.32 | Rs618.40 | x |
| 2013-03-31 | Rs33.67 | Rs618.40 | x |
| 2014-03-31 | Rs34.23 | Rs618.40 | x |
| 2015-03-31 | Rs34.93 | Rs618.40 | x |
| 2016-03-31 | Rs35.20 | Rs618.40 | x |
| 2017-03-31 | Rs36.41 | Rs618.40 | x |
| 2018-03-31 | Rs35.83 | Rs618.40 | x |
| 2019-03-31 | Rs38.64 | Rs618.40 | x |
| 2020-03-31 | Rs37.30 | Rs618.40 | x |
| 2021-03-31 | Rs32.77 | Rs618.40 | x |
| 2022-03-31 | Rs33.35 | Rs618.40 | x |
| 2023-03-31 | Rs39.86 | Rs618.40 | x |
| 2024-03-31 | Rs45.36 | Rs618.40 | x |
| 2025-03-31 | Rs42.39 | Rs618.40 | x |
| 2026-03-31 | Rs49.12 | Rs618.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently India Tourism Development Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.52%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.80x
- Recent ROE (19.57%) is above the historical average (6.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 14.08% | 9.37% | 0.70x | 2.14x | Rs127.79 Million |
| 2009 | 7.73% | 6.18% | 0.70x | 1.78x | Rs-74.49 Million |
| 2010 | -4.35% | -4.02% | 0.51x | 2.10x | Rs-418.02 Million |
| 2011 | -3.17% | -2.31% | 0.66x | 2.08x | Rs-372.03 Million |
| 2012 | 2.94% | 2.02% | 0.70x | 2.07x | Rs-201.81 Million |
| 2013 | 1.06% | 0.71% | 0.75x | 1.98x | Rs-258.29 Million |
| 2014 | 2.76% | 1.77% | 0.78x | 2.01x | Rs-212.43 Million |
| 2015 | 10.63% | 6.47% | 0.80x | 2.05x | Rs18.94 Million |
| 2016 | 5.91% | 3.89% | 0.75x | 2.02x | Rs-123.45 Million |
| 2017 | 2.39% | 2.13% | 0.56x | 1.98x | Rs-237.76 Million |
| 2018 | 3.76% | 3.35% | 0.52x | 2.17x | Rs-191.63 Million |
| 2019 | 11.85% | 11.10% | 0.53x | 2.00x | Rs61.44 Million |
| 2020 | 6.36% | 5.86% | 0.56x | 1.93x | Rs-116.60 Million |
| 2021 | -12.38% | -19.63% | 0.31x | 2.00x | Rs-628.97 Million |
| 2022 | 1.48% | 1.44% | 0.50x | 2.04x | Rs-243.60 Million |
| 2023 | 16.12% | 11.96% | 0.49x | 2.73x | Rs209.34 Million |
| 2024 | 18.08% | 13.22% | 0.50x | 2.74x | Rs314.27 Million |
| 2025 | 22.42% | 14.30% | 0.76x | 2.05x | Rs451.67 Million |
| 2026 | 19.57% | 15.52% | 0.70x | 1.80x | Rs404.36 Million |
Industry Comparison
This section compares India Tourism Development Corporation Limited's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $4,817,957,452
- Average return on equity (ROE) among peers: 6.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| India Tourism Development Corporation Limited (ITDC) | Rs4.15 Billion | 14.08% | 0.84x | $573.61 Million |
| Advani Hotels & Resorts (India) Limited (ADVANIHOTR) | $544.88 Million | 20.87% | 0.40x | $52.55 Million |
| Asian Hotels (East) Limited (AHLEAST) | $2.03 Billion | 12.09% | 0.19x | $28.55 Million |
| Asian Hotels (North) Limited (ASIANHOTNR) | $7.63 Billion | -0.49% | 1.76x | $139.24 Million |
| Blue Coast Hotels Limited (BLUECOAST) | $963.73 Million | 3.25% | 1.58x | $5.39 Million |
| The Byke Hospitality Ltd (BYKE) | $2.25 Billion | 2.05% | 0.44x | $20.55 Million |
| Country Club Hospitality & Holidays Limited (CCHHL) | $8.19 Billion | 5.14% | 0.54x | $23.51 Million |
| Chalet Hotels Limited (CHALET) | $15.44 Billion | 11.87% | 2.21x | $1.79 Billion |
| EIH Associated Hotels Limited (EIHAHOTELS) | $2.11 Billion | 11.15% | 0.81x | $204.13 Million |
| EIH Limited (EIHOTEL) | $8.68 Billion | 2.86% | 1.47x | $2.07 Billion |
| Sri Havisha Hospitality and Infrastructure Limited (HAVISHA) | $349.57 Million | -0.33% | 0.13x | $2.16 Million |
About India Tourism Development Corporation Limited
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 hospit… Read more