Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹112 Cr.
Stock P/E
13.8
P/B
1.3
Current Price
₹350
Book Value
₹ 273.5
Face Value
10
52W High
₹410
52W Low
₹ 221.1
Dividend Yield
0.36%

ITL Industries Overview

Business

ITL Industries Ltd. is an Indian manufacturer and supplier of automotive components. The company's core business involves designing, developing, and manufacturing seating systems, seat frames, and various sheet metal components for a range of vehicles, including two-wheelers, three-wheelers, tractors, commercial vehicles, and passenger vehicles. ITL also has capabilities in tooling and dies. Its business model is primarily B2B, serving major Original Equipment Manufacturers (OEMs) in the automotive sector. The company generates revenue through the sale of these manufactured components and tooling services.

Revenue Mix

The primary revenue segment for ITL Industries Ltd. is Automotive Components. This segment encompasses the manufacturing and supply of seating systems, frames, and other sheet metal parts. While the company also has tooling capabilities, the overwhelming majority of its revenue is derived from its auto component manufacturing operations. Specific revenue percentages for sub-segments are not consistently disclosed publicly to provide an accurate mix.

Industry

ITL Industries operates within the Engineering - Industrial Equipments sector, specifically the automotive ancillary industry in India. This industry is characterized by its dependence on the cyclical automotive sector, significant capital intensity, and intense competition. It includes a mix of large, diversified players and smaller, specialized component manufacturers. ITL Industries is positioned as an established vendor to several prominent Indian OEMs, indicating a focus on quality and reliable supply chains within its niche of seating and sheet metal components. Its positioning is generally mid-tier, serving specific needs of major auto manufacturers.

MOAT

ITL Industries possesses several potential competitive advantages:

Established OEM Relationships: Long-standing relationships with major automotive OEMs can create sticky customer bases due to the critical nature of components, strict quality requirements, and validation processes, leading to relatively high switching costs for OEMs.

Customized Solutions: The ability to design and manufacture components tailored to specific OEM requirements and vehicle models.

Operational Scale & Quality: Experience and scale in manufacturing, coupled with adherence to automotive quality standards, contribute to reliability and cost efficiency in production.

Location: Strategic location close to key automotive manufacturing hubs in India.

Growth Drivers

Growth in Indian Automotive Sector: Continued demand and expansion across various vehicle segments (2W, 3W, CV, PV, Tractors) directly drives demand for auto components.

Increased Outsourcing by OEMs: OEMs may increasingly outsource component manufacturing to specialized ancillary units like ITL to optimize costs and focus on core competencies.

New Client Acquisition & Product Development: Expanding customer base beyond existing OEMs and developing new products or variants to cater to evolving vehicle designs and technologies.

Capacity Expansion/Utilization: Leveraging existing or expanded manufacturing capacity to meet rising demand.

Export Opportunities: Potential to tap into international markets, though current focus is predominantly domestic.

Risks

Automotive Sector Cyclicality: The company's performance is highly sensitive to the inherent cyclical nature and economic fluctuations affecting the Indian automotive industry.

Raw Material Price Volatility: Fluctuations in prices of key raw materials like steel and other metals can significantly impact production costs and profit margins.

OEM Concentration Risk: Significant dependence on a few major OEMs for a substantial portion of revenue could pose a risk if those OEMs face production cuts or shift suppliers.

Intense Competition: The auto ancillary sector is competitive, with both organized and unorganized players vying for market share, potentially leading to pricing pressures.

Technological Shifts: While less impacted than powertrain components, the long-term shift towards Electric Vehicles (EVs) could indirectly influence vehicle architecture and component demand.

Regulatory Changes: Government policies impacting the auto industry (e.g., emission norms, safety standards) can affect demand and production processes.

Management & Ownership

ITL Industries Ltd. is a promoter-driven company. The management typically involves members of the founding family or long-standing professionals. Promoter holdings usually represent a significant portion of the company's equity, which is common in Indian mid-sized companies. The leadership team is responsible for strategic direction, operational execution, and maintaining OEM relationships.

Outlook

ITL Industries' outlook is largely tied to the performance and growth trajectory of the Indian automotive industry. A robust recovery and sustained growth in vehicle sales across various segments would provide tailwinds for the company's component manufacturing business. Its established OEM relationships and focus on essential vehicle components like seating and frames provide a relatively stable demand base. However, the company faces inherent risks from the cyclical nature of the auto industry, volatility in raw material prices, and intense competition. Future growth will depend on its ability to deepen existing OEM relationships, adapt to evolving vehicle technologies and designs, and manage cost efficiencies effectively amidst market dynamics.

ITL Industries Share Price

Live · BSE / NSE · Inception: 1989
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

ITL Industries Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 37 48 41 44 44 55 41 49 51 62
Other Income 1 2 1 1 1 1 0 0 0 2
Total Income 38 51 42 45 44 56 42 49 51 63
Total Expenditure 34 45 38 41 41 50 38 45 47 60
Operating Profit 4 5 4 4 4 5 4 4 5 4
Interest 1 0 0 0 0 1 1 1 1 0
Depreciation 0 0 0 0 0 1 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -1
Profit Before Tax 3 4 3 3 3 4 3 3 4 1
Provision for Tax 1 1 1 1 1 2 1 1 1 1
Profit After Tax 2 3 2 2 2 3 2 3 3 1
Adjustments -0 -0 -0 -0 0 -0 0 -0 0 0
Profit After Adjustments 2 3 2 2 2 3 2 3 3 1
Adjusted Earnings Per Share 6.5 10.2 7.2 6.4 7.2 8.2 7.1 7.9 8.5 1.9

ITL Industries Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 56 70 83 102 79 89 114 144 158 183 203 203
Other Income 1 1 3 1 1 1 2 3 4 3 3 2
Total Income 57 71 86 102 80 90 115 146 162 187 206 205
Total Expenditure 51 62 77 91 71 80 104 133 147 170 189 190
Operating Profit 6 8 9 11 9 10 11 14 16 17 17 17
Interest 2 2 1 1 2 2 1 2 2 2 2 3
Depreciation 1 1 1 1 1 2 1 1 1 2 2 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -1 -1
Profit Before Tax 3 5 6 8 6 6 8 11 12 13 11 11
Provision for Tax 1 1 1 2 2 1 2 3 3 4 3 4
Profit After Tax 2 4 5 7 4 5 6 8 9 9 8 9
Adjustments 0 0 0 0 0 0 -0 -0 -0 -0 0 0
Profit After Adjustments 2 4 5 7 4 5 6 8 9 9 8 9
Adjusted Earnings Per Share 6.8 11.7 15.9 21 12.9 15.5 18.4 24.1 28.6 29 25.4 25.4

ITL Industries Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 25 29 33 40 44 49 55 63 72 80 89
Minority's Interest 0 0 0 0 0 -0 0 0 0 1 0
Borrowings 3 1 2 2 4 5 6 4 4 3 2
Other Non-Current Liabilities 1 2 1 1 2 2 2 2 2 2 0
Total Current Liabilities 33 34 35 45 41 35 40 44 43 55 65
Total Liabilities 62 65 72 89 91 91 103 112 121 141 157
Fixed Assets 11 10 11 15 17 19 15 14 17 18 15
Other Non-Current Assets 2 3 6 4 5 5 9 11 15 18 16
Total Current Assets 49 52 55 70 70 67 78 87 89 105 126
Total Assets 62 65 72 89 91 91 103 112 121 141 157

ITL Industries Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 2 1 1 2 3 2 1 2 2 2 2
Cash Flow from Operating Activities -0 6 4 0 1 11 2 6 5 1 0
Cash Flow from Investing Activities -1 -0 -5 -4 -3 -8 -0 -2 -3 -3 5
Cash Flow from Financing Activities 0 -5 2 4 2 -3 -2 -4 -2 2 -0
Net Cash Inflow / Outflow -1 0 1 1 -1 -1 1 0 0 -0 5
Closing Cash & Cash Equivalent 1 1 2 3 2 1 2 2 2 2 7

ITL Industries Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 6.76 11.7 15.88 20.96 12.92 15.48 18.36 24.08 28.6 28.96 25.39
CEPS(Rs) 9.54 14.18 19.42 25.16 17.09 20.7 23.25 28.26 33.63 34.98 30.89
DPS(Rs) 0.5 0.5 0.5 1 0.5 0.5 0.5 1 1 1 1.25
Book NAV/Share(Rs) 76.63 88.3 102.4 122.23 135.44 150.18 168.21 192.25 220.51 247.29 273.55
Core EBITDA Margin(%) 8.67 9.74 7.51 10.19 10.15 10.12 8.14 7.58 7.02 7.39 6.72
EBIT Margin(%) 8.45 9.54 9.36 9.45 9.69 8.92 8.43 8.52 8.95 8.18 6.65
Pre Tax Margin(%) 4.5 6.4 7.68 8.32 7.77 7.09 7.13 7.37 7.79 7.19 5.64
PAT Margin (%) 3.44 4.96 6.11 6.58 5.21 5.58 5.28 5.41 5.93 5.15 4
Cash Profit Margin (%) 5.07 6.12 7.49 7.92 6.91 7.45 6.56 6.3 6.83 6.11 4.87
ROA(%) 3.5 5.89 7.42 8.35 4.58 5.43 6.18 7.25 8.04 7.23 5.47
ROE(%) 8.79 13.94 16.51 18.63 10.01 10.84 11.76 13.47 14.15 12.61 9.74
ROCE(%) 12.57 17.21 17.99 19.19 13.08 12.37 13.91 16.46 17.27 16.13 12.88
Receivable days 104.92 98.16 93.71 79.4 94.86 82.89 70.65 55.72 54.41 57.21 59.94
Inventory Days 140.22 121.92 109.57 107.64 177.88 147.26 110.05 97.68 94.73 92.07 97.16
Payable days 117.02 100.44 100.25 106.14 134.31 88.01 74.02 68.01 61.71 55.9 60.52
PER(x) 6.36 5.38 15.47 7.66 3.44 6.64 6.86 7.05 11.13 12.94 10.53
Price/Book(x) 0.56 0.71 2.4 1.31 0.33 0.68 0.75 0.88 1.44 1.52 0.98
Dividend Yield(%) 1.16 0.79 0.2 0.62 1.12 0.49 0.4 0.59 0.31 0.27 0.47
EV/Net Sales(x) 0.54 0.46 1.07 0.63 0.4 0.56 0.5 0.48 0.73 0.75 0.5
EV/Core EBITDA(x) 4.92 3.94 10.01 5.89 3.52 5.17 5.13 5.06 7.43 8.25 6.08
Net Sales Growth(%) -6.75 24.01 19.09 22.51 -22.16 12.27 27.57 26.72 9.69 16.24 10.69
EBIT Growth(%) -0.21 39.09 8.16 23.68 -20.16 3.37 20.47 28.12 15.29 6.14 -9.94
PAT Growth(%) -8.3 77.82 35.82 31.99 -38.39 20.12 20.89 29.71 20.27 0.97 -13.96
EPS Growth(%) -8 73.14 35.64 32 -38.33 19.81 18.54 31.21 18.75 1.26 -12.32
Debt/Equity(x) 0.69 0.43 0.38 0.4 0.44 0.37 0.33 0.25 0.22 0.26 0.26
Current Ratio(x) 1.49 1.56 1.57 1.55 1.7 1.92 1.95 1.97 2.08 1.91 1.92
Quick Ratio(x) 0.73 0.8 0.87 0.76 0.68 1.06 0.99 1.09 1.07 1.02 1.02
Interest Cover(x) 2.14 3.03 5.57 8.4 5.05 4.88 6.5 7.41 7.67 8.28 6.55
Total Debt/Mcap(x) 1.22 0.6 0.16 0.31 1.34 0.54 0.44 0.29 0.15 0.17 0.26

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +11% +12% +18% +14%
Operating Profit CAGR 0% +7% +11% +11%
PAT CAGR -11% 0% +10% +15%
Share Price CAGR +2% +5% +16% +20%
ROE Average +10% +12% +12% +13%
ROCE Average +13% +15% +15% +15%

ITL Industries Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 44.98 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 55.02 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 44.9844.9844.9844.9844.9844.9844.9844.9844.9844.98
FII 0000000000
DII 0000000000
Public 55.0255.0255.0255.0255.0255.0255.0255.0255.0255.02
Others 0000000000
Total 100100100100100100100100100100

ITL Industries Peer Comparison

Engineering - Industrial Equipments Edit Columns

ITL Industries Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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ITL Industries Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.98%.
  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 55.9 to 60.52days.
  • The company has delivered a poor profit growth of 9% over past five years.
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