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← CockpitCompetitor Analysis › ITDC.NS India Tourism Development Corp. Ltd.Open in the cockpit ↗

India Tourism Development Corp. Ltd.ITDC.NSCompetitor analysis, valuation and peers

India · INR·Consumer & Retail›Hotels/Resorts/Cruise lines
Momentum neutral 48
Mkt cap
$572M
US dollars, full cap
Free float
5%
of shares outstanding
$/day
$532,390
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-4.7 pp
WACC 20.0%
Hurdle
+34 pp
Req g minus delivered
Close · INR₹630.65
1D-0.3%
1W+6.9%
1M-6.1%
3M-10.9%
6M+6.3%
YTD+7.8%
1Y+0.6%
ATR %4.0%
Beta1.17
52w lowhigh23.3% off high

What India Tourism Development does

Employees: 455

India Tourism Development at a glance

Size India Tourism Development (ITDC.NS) is an India Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $572M, the 787th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹630.65 on 6 Nov 2026.

Performance Over six months the shares gained 6.3%, against -5.6% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 19 in its peer set.

Growth Revenue fell 9.4% over the last twelve months (peer median +5.8%); the operating margin is 15.7% (peer median 16.4%).

Valuation It trades at 10.1× enterprise value to sales against a peer median of 3.2× (3rd most expensive of 20).

Price implies For today's price to make sense, revenue must grow about 59% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is +34 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.7 points below its cost of capital (20.0% WACC).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026ITDC.NS 108Peer median 95
Six months, rebased to 100: India Tourism Development against the median of its 20 peers (local-currency closes).

India Tourism Development financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹5.35B₹5.32B₹5.65B₹5.06B₹4.53B
Revenue growth—-6%+12%+12%—
Gross profit₹2.50B₹2.23B₹2.27B₹2.19B₹1.93B
EBITDA₹908M₹937M₹877M₹948M₹719M
Net income₹823M₹824M₹797M₹640M₹551M
Free cash flown/a₹748M-₹3.38B₹1.35B₹2.44B
Capital expendituren/a₹102M₹96.2M₹16.4M₹130M
Total debtn/a₹6.35M₹6.35M₹6.35M₹6.30M

Quarterly statements and history in the cockpit →

India Tourism Development competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-10%0%+10%+20%0051032350000428H079708JUNIPER2707FCMC0000072704301073KLSOU8SAMHI601007PPHITDC.NS6-month return →1-month return →
Up and to the right = strong over both horizons. India Tourism Development is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×5×10×0051032350000428H07ELEVATE9708JUNIPER2707CORDELIA000007301073KLSOU8SAMHI601007PPHVIK1VITDC.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. India Tourism Development is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%0%50%100%0051032350H07JUNIPER2707FCMC000007301073KLS601007PPHITDC.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. India Tourism Development is the large dot.

India Tourism Development competitors and peer comparison

How India Tourism Development compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

India Tourism Development against its 20 peers (data as of 6 Nov 2026)
MeasureITDC.NSPeer medianRank in peer set
1-month return-6.1%-3.5%6th lowest of 21
6-month return+6.3%-5.6%4th highest of 19
Distance from 52-week high-23.3%-25.3%10th highest of 21
Revenue growth (TTM)-9.4%+5.8%lowest of 21
Operating margin15.7%16.4%11th highest of 21
EV / Sales10.1×3.2×3rd most expensive of 20
Growth the price implies (Req g, 7 yrs)58.7%-0.2%most demanding of 15
Growth delivered (Del g)+24.6%+19.4%5th highest of 15
Hurdle (Req g minus delivered)+34.1 pp-18.3 ppmost demanding of 15
ROIC minus cost of capital-4.7 pp-2.6 pp5th lowest of 21
EV / EBITDA59.5×10.8×2nd most expensive of 18
Net debt / EBITDA-3.0×1.7×5th least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
India Tourism Development ITDC.NSIndia$572M+6%-9%16%10.1×58.7%+24.6%
Harbour Centre Development 0051.HKHong Kong$557M+38%+1%20%2.8×-3.9%-16.5%
Lotte Tour Development 032350.KSSouth Korea$591M-51%+39%24%2.7×-6.4%+108.0%
Huatian Hotel 000428.SZChina$552M-6%-6%-35%10.3×n/an/a
Stamford Land H07.SISingapore$530M-6%0%20%1.3×-16.2%+5.5%
Elevate Campuses ELEVATE.NSIndia$498Mn/a+54%63%8.3×n/an/a
Imperial Hotel 9708.TJapan$666M-26%+10%3%1.5×n/an/a
Juniper Hotels JUNIPER.NSIndia$490M-2%+12%30%4.3×14.1%+44.5%
Formosa International Hotels 2707.TWTaiwan$668M+2%+6%26%3.2×-7.7%+4.7%
Societe Fermiere du Casino Municipal de Cannes FCMC.PAFrance$489M+8%+11%26%2.4×-6.7%+24.0%
Waterways Leisure Tourism CORDELIA.NSIndia$677Mn/a-2%14%11.4×n/an/a
Shenzhen Quanxinhao 000007.SZChina$482M-40%-3%1%7.7×34.9%+54.5%
Ambassador Hotel,Ltd 2704.TWTaiwan$479M+3%+3%-2%n/an/an/a
SSAW Hotels & Resorts 301073.SZChina$474M-34%+1%12%6.1×19.2%+21.4%
Kelsian KLS.AXAustralia$797M+5%+9%6%0.8×9.2%+15.4%
Centurion OU8.SISingapore$810M-18%+26%61%8.8×-3.8%+18.2%
Hotel Grand Central H18.SISingapore$403M-5%+7%12%1.6×-4.6%+9.4%
Samhi Hotels SAMHI.NSIndia$397M+6%+12%24%4.3×n/an/a
Jinling Hotel 601007.SSChina$385M-14%-2%7%1.7×3.3%+10.0%
PPHE Hotel PPH.LUnited Kingdom$864M-2%+5%19%3.7×7.7%+35.6%
Viking Line Abp VIK1V.HEFinland$374M-6%+1%4%0.8×3.4%+20.6%

Questions

Which companies are India Tourism Development's closest peers?
The cockpit's peer set: Harbour Centre Development (0051.HK), Lotte Tour Development (032350.KS), Huatian Hotel (000428.SZ), Stamford Land (H07.SI), Elevate Campuses (ELEVATE.NS), Imperial Hotel (9708.T), Juniper Hotels (JUNIPER.NS), Formosa International Hotels (2707.TW).
Is India Tourism Development expensive compared with its peers?
On ev / sales it trades at 10.1× against a peer median of 3.2×, 3rd most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about 59% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is +34 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has India Tourism Development stock performed?
Over six months to 6 Nov 2026 the shares returned +6.3% against -5.6% for the median peer; over one year +0.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.