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As of 18 Sept 2026, 03:30 pm
On August 19, 2026, ITI Limited announced a Request for Proposal (RFP) for an e-Auction of a 44.03-acre land parcel in Krishnarajapuram, Bengaluru. The reserve price for this auction has been set at ₹1,685.40 Crores.
ITI Limited confirmed a strategic collaboration with Airtel Business, announced on August 11, 2026, aimed at accelerating digital transformation in areas such as enterprise connectivity, data centre, sovereign cloud, IoT, AI, and cybersecurity. The company stated this collaboration was previously disclosed and its specific material impact cannot be quantified at present.
As of September 18, 2026, ITI Limited's stock has experienced varied returns across different periods. The return since the start of the year (YTD) is -18%, and over the past year (1Y), the return is -19%. In the last month (1m), the return was -9%, and over the last three months (3m), it was -18%.
Based on daily technical indicators as of September 18, 2026, ITI Limited's stock is showing a bearish trend. The Supertrend indicator is at 272.77, and the Exponential Moving Averages (EMA) for 20 and 50 days are above the current closing price of ₹256.3. The 20-day EMA is 266.67, and the 50-day EMA is 275.20, with negative slopes observed over the last 5 days.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹425.03 crore | PEAK₹627.65 crore | ₹514.65 crore | ₹543.40 crore | ₹498.01 crore |
| Profit Before Tax | -₹32.47 crore | PEAK₹375.36 crore | -₹25.59 crore | -₹54.23 crore | -₹63.32 crore |
| Profit Loss For Period | -₹32.25 crore | PEAK₹375.14 crore | -₹25.33 crore | -₹54.35 crore | -₹63.61 crore |
| Finance Costs | ₹29.98 crore | PEAK₹80.82 crore | ₹47.64 crore | ₹52.99 crore | ₹50.87 crore |
| Other Expenses | ₹19.98 crore | PEAK₹116.34 crore | ₹23.23 crore | ₹20.15 crore | ₹17.18 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹-0.33 per share | PEAK₹3.90 per share | ₹-0.26 per share | ₹0 per share | ₹-0.66 per share |
Revenue from operations was ₹425.03 crore, down 14.65% from ₹498.01 crore in the same quarter last year. On a sequential basis, revenue fell 32.28% from ₹627.65 crore in the previous quarter.
Over the past five quarters, revenue has ranged between ₹425.03 crore and ₹627.65 crore. The current quarter sits at the bottom of that range, reflecting a year-on-year contraction in the top line.
The quarter delivered a narrower net loss compared with the same period last year, despite revenue falling to its lowest point in five quarters. The improvement was largely driven by a significant decline in finance costs, while other expenses rose only modestly. The result marks a return to the loss-making pattern that has characterised most recent quarters, contrasting with the exceptional profit of the immediately preceding quarter.
Exchange disclosures and regulatory announcements for ITI.
On August 19, 2026, ITI Limited issued a Request for Proposal (RFP) via the National Land Monetization Corporation (NLMC) for an e-Auction of a 44.03-acre land parcel in Krishnarajapuram, Bengaluru. The auction has been set with a reserve price of ₹1,685.40 Crores, with detailed terms available on the company's official tender website.
Kavitha L. Under Secretary to Government Finance Department has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
ITI Limited published its Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026 in The Hindu Business Line and Sanjevani on 14 August 2026, and in Dakshin Bharat Rashtramat Hindi Daily on 15 August 2026. This publication was made in compliance with SEBI regulations.
ITI Limited clarified a news item from CNBC-TV18 dated August 10, 2026, confirming a strategic collaboration with Airtel Business to accelerate digital transformation in enterprise connectivity, data centre, sovereign cloud, IoT, AI, and cybersecurity. The company stated the collaboration was already disclosed to stock exchanges under Regulation 30, and no specific material impact can be quantified at present.
The Government of India appointed Shri Sanjiwan Sinha as Government Nominee Director on the Board of ITI Limited, effective 10 August 2026, until further orders. He replaces Shri Arun Agarwal and serves as Project Director, Programme Monitoring Unit, Office of Administrator, Digital Bharat Nidhi, Department of Telecommunications.
India Ratings and Research (Ind-Ra) assigned a credit rating of IND BB+/Positive/IND A4+ to ITI Limited's bank loan facilities on August 3, 2026. The size of the rated bank loan facilities was reduced from INR 48,516.90 million to INR 42,213.90 million, and the outlook was revised to Positive.
Shri Ajai Kumar Srivastava was appointed as Director Production on the Board of ITI Limited, effective July 31, 2026. His tenure will last until March 31, 2029, or until further orders, whichever comes first. Srivastava holds a B.Tech in Electronics & Communication and has been with ITI Limited since November 1998, with 27 years of experience in manufacturing and production.
ITI Limited reported the appointment of Mr. AJAI KUMAR SRIVASTAVA as an Executive Director. The appointment is effective from July 31, 2026, for a term of 36 months. Mr. Srivastava has 27 years of experience with ITI Limited in Manufacturing and Production and has served as a unit head in various plants.
Recent market and company developments associated with ITI.
BSNL's indigenous 4G network is handling six petabytes of data daily. The network supports 1.75 lakh 4G base stations across one lakh sites. High-definition voice calls are now enabled through IP Multimedia Subsystem deployment. Indigenous 5G RAN technology is currently undergoing live testing on BSNL's network. BSNL aims to compete with private operators using its domestically developed mobile network.
The partnership would enable businesses to overcome legacy complexity, strengthen digital resilience, and build for the future to unlock new growth opportunities.
Tech News News: Airtel Business and ITI Limited have entered into a strategic collaboration to help enterprises in India fast-track their digital transformation and u.
Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh.
Around 41 equity mutual funds delivered more than 15% CAGR over both three- and five-year periods. Bandhan Small Cap Fund led three-year returns at 25.95%, while Motilal Oswal Midcap Fund topped the five-year chart at 21.64%.
The IPO market is gaining momentum with Lohia Corp, Indo-MIM, and Xtranet Technologies set to launch on July 23. Lohia Corp’s issue is valued at ₹4,500 crore, Indo-MIM at ₹24,000 crore, and Xtranet's at ₹170 crore, all amidst a fluctuating grey market sentiment.
The Nifty Midcap 100 and Smallcap 100 have outperformed the Nifty 50 this year, reflecting investors' interest in companies with solid earnings potential. Analysts expect mid-cap and small-cap earnings growth to outpace large-cap growth.
ITI said the order covers the planning, engineering, supply, installation, testing and commissioning of the 4G mobile network on a turnkey basis across 7,613 sites in the West Zone.
Comprehensive Section Breakdown for ITI
Strategic Vision: Public sector electronics manufacturer of telecom and defense equipment.
• Public sector procurement contracts
• Manufacturing of specialized defense communication equipment
The company reported a net loss of ₹32.25 crore for the quarter, roughly half the ₹63.61 crore loss in the same period a year earlier. The improvement came despite revenue falling to its lowest level in five quarters. While the immediately preceding quarter had posted a significant profit, the current result returns to the loss-making pattern seen in most recent periods, with a sharp decline in finance costs helping to contain the deficit.
Profit before tax was a loss of ₹32.47 crore, an improvement of ₹30.85 crore compared with the loss of ₹63.32 crore a year ago. Net loss followed a similar path, narrowing from ₹63.61 crore to ₹32.25 crore. The tax impact remained negligible in both periods, with the difference between pre-tax and net results staying within ₹0.3 crore.
The quarterly sequence shows four loss-making periods and one profitable quarter. The previous quarter (ended March 2026) reported a profit before tax of ₹375.36 crore, an outlier relative to the surrounding quarters. The current loss of ₹32.47 crore is narrower than the losses in the first two quarters of the prior year (₹63.32 crore and ₹54.23 crore) but wider than the third-quarter loss of ₹25.59 crore.
Finance costs fell sharply to ₹29.98 crore, down 41.07% from ₹50.87 crore in the same quarter a year ago. This reduction contributed ₹20.89 crore to the improvement in pre-tax loss. Sequentially, finance costs dropped 62.91% from ₹80.82 crore in the previous quarter, which had been elevated relative to the ₹47–53 crore range seen in the first three quarters of the prior year. The current quarter’s level sits below that entire range.
Other expenses totaled ₹19.98 crore, a modest increase of 16.3% from ₹17.18 crore a year ago. However, this represents a substantial step down from the ₹116.34 crore recorded in the immediately preceding quarter. Other expenses have returned to a level close to the prior-year quarter, following a spike in the previous period.
The improvement in pre-tax loss (₹30.85 crore) was larger than the reduction in finance costs (₹20.89 crore), even as revenue declined and other expenses increased.
Management reported a consolidated net loss of Rs. 3,225 lakhs for Q1 FY27, narrower than the Rs. 6,361 lakhs loss in Q1 FY26. They emphasized a strong order book of Rs. 13,88,281 lakhs and a plan to convert Rs. 2,34,615 lakhs of unbilled revenue into billed revenue within 12 months by completing contract milestones. The company continues to operate under a CCEA-approved revival plan with financial assistance of Rs. 415,879 lakhs, of which Rs. 3,08,435 lakhs has been received. Management cited government support, adequate working capital, and land monetization as key to maintaining the going concern assumption.
Despite the revival efforts, the statutory auditor raised multiple qualifications, including issues with revenue recognition under Ind AS 115, inventory valuation, and MSMED compliance. Management acknowledged these risks but believes the order book, unbilled revenue conversion, and government backing mitigate them. Additionally, a Proof of Concept for the Indian Army is underway, expected to complete by December 2026, which could drive future growth.
Category: Manufacturing
The company designs, develops, and manufactures switching, transmission, and access equipment, along with optical fiber devices and smart cards.
Category: Manufacturing
ITI manufactures secure communication equipment, encryptors, and tactical communication systems for defense deployments.
Category: B2B Services
This segment designs and rolls out ICT solutions, citizen service networks, and data center infrastructures.
Core Thesis: The company leverages its manufacturing capabilities to supply infrastructure solutions to defense and public telecom clients.
• Public Sector Undertaking Operations: As a public sector undertaking, ITI operates multiple production plants in India. • Procurement and Partnerships: It works under public sector procurement contracts and partners with technology providers. • Digital Transformation: The business has fully transitioned to digital telecom equipment, secure defense communications, and digital identity cards.