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The Investment Trust Overview

Investment Trust of India Ltd, formerly Fortune Financial Services (India) Ltd, is a holding agency. The Company is engaged inside the enterprise of economic advisory and consultancy services. The Company is likewise engaged in holding funding in subsidiaries. The Company's provider portfolio consists of funding banking and corporate finance activities on the capital market side, as well as advisory offerings, broking offerings within the cash and future and options segments, currency derivatives, commodities, along presenting depository servic...Read More

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The Investment Trust Key Financials

Market Cap ₹545 Cr.

Stock P/E 11.9

P/B 0.7

Current Price ₹104.3

Book Value ₹ 140.7

Face Value 10

52W High ₹184

Dividend Yield 0%

52W Low ₹ 84.3

The Investment Trust Share Price

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Volume
Price

The Investment Trust Quarterly Price

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The Investment Trust Peer Comparison

The Investment Trust Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 77 67 86 71 111 77 94 70 79 82
Other Income 1 7 4 6 7 -3 2 7 0 7
Total Income 77 74 90 77 118 74 96 77 79 90
Total Expenditure 59 56 64 50 88 52 71 52 63 63
Operating Profit 18 17 26 27 31 22 25 25 17 27
Interest 7 7 8 10 9 8 10 11 11 10
Depreciation 3 3 3 3 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 1
Profit Before Tax 9 8 15 14 20 11 12 11 3 15
Provision for Tax 1 2 12 5 5 7 4 3 2 4
Profit After Tax 8 6 4 10 15 4 7 8 0 10
Adjustments 3 0 -0 3 5 0 -2 1 3 2
Profit After Adjustments 10 6 4 12 20 4 6 9 3 12
Adjusted Earnings Per Share 2 1.2 0.7 2.4 3.9 0.8 1.1 1.8 0.6 2.3

The Investment Trust Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 159 139 161 333 629 459 322 324 301 288 353 325
Other Income 0 9 10 23 29 4 18 15 23 18 12 16
Total Income 159 149 171 356 658 464 339 339 324 306 365 342
Total Expenditure 109 118 120 250 502 397 269 291 280 236 261 249
Operating Profit 50 30 51 106 156 67 71 48 44 69 104 94
Interest 37 15 11 52 109 60 41 29 14 27 37 42
Depreciation 9 8 8 9 10 12 10 11 12 11 11 12
Exceptional Income / Expenses 0 0 -0 0 0 0 0 0 0 0 0 1
Profit Before Tax 4 7 32 46 49 -2 25 12 22 36 67 41
Provision for Tax 2 4 10 -14 8 5 9 11 10 16 21 13
Profit After Tax 2 3 22 60 41 -7 15 1 12 20 46 25
Adjustments -1 3 7 17 -6 2 -0 0 -0 -1 -3 4
Profit After Adjustments 1 6 28 77 35 -5 15 2 12 19 43 30
Adjusted Earnings Per Share 0.4 2 5.5 15.1 6.9 -1 2.9 0.3 2.2 3.6 8.1 5.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 23% 3% -5% 8%
Operating Profit CAGR 51% 29% 9% 8%
PAT CAGR 130% 258% 0% 37%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -33% 13% 3% -4%
ROE Average 7% 4% 3% 4%
ROCE Average 10% 7% 7% 7%

The Investment Trust Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 220 229 462 537 582 585 601 601 636 661 705
Minority's Interest 19 2 88 120 21 2 2 0 10 26 48
Borrowings 22 0 101 368 8 21 22 24 79 95 0
Other Non-Current Liabilities -6 -4 -3 -34 -47 -21 -30 -17 -18 -13 -21
Total Current Liabilities 560 162 458 568 940 562 507 359 298 500 774
Total Liabilities 814 390 1107 1559 1503 1149 1102 967 1004 1269 1507
Fixed Assets 31 24 18 23 20 35 23 39 38 33 28
Other Non-Current Assets 282 96 124 170 289 316 259 259 264 261 240
Total Current Assets 501 270 965 1365 1195 798 820 668 702 975 1239
Total Assets 814 390 1107 1559 1503 1149 1102 967 1004 1269 1507

The Investment Trust Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 21 11 277 64 59 32 124 188 131 94
Cash Flow from Operating Activities -265 449 -188 -539 -41 148 249 302 -97 -209 125
Cash Flow from Investing Activities -11 -55 -35 53 281 169 -12 -52 -25 1 3
Cash Flow from Financing Activities 291 -404 489 274 -246 -343 -145 -186 66 172 -15
Net Cash Inflow / Outflow 15 -10 266 -212 -6 -26 91 64 -57 -37 113
Closing Cash & Cash Equivalent 21 11 277 64 59 32 124 188 131 94 208

The Investment Trust Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.41 2 5.55 15.09 6.92 -1.01 2.92 0.31 2.2 3.56 8.14
CEPS(Rs) 3.1 4.07 5.88 13.38 9.95 1.08 4.84 2.46 4.47 6.01 10.91
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 61.39 80.81 90.52 105.32 113.69 112.95 115.9 116.26 121.46 126.25 134.62
Core EBITDA Margin(%) 31.03 15.18 25.4 24.99 20.27 13.65 16.5 10.16 6.9 17.84 26.14
EBIT Margin(%) 25.57 15.93 26.56 29.36 25.07 12.67 20.45 12.59 12.06 22.01 29.36
Pre Tax Margin(%) 2.4 5.06 19.91 13.82 7.74 -0.5 7.68 3.69 7.25 12.62 18.87
PAT Margin (%) 1.26 2.22 13.52 17.94 6.49 -1.49 4.75 0.45 3.84 6.94 13.01
Cash Profit Margin (%) 7 8.28 18.59 20.5 8.07 1.22 7.75 3.91 7.76 10.91 16.15
ROA(%) 0.31 0.51 2.91 4.48 2.67 -0.52 1.36 0.14 1.17 1.76 3.31
ROE(%) 1.25 1.37 6.31 11.96 7.31 -1.18 2.59 0.24 1.88 3.09 6.74
ROCE(%) 7.87 4.53 7.58 9.47 12.83 5.32 7.14 5.08 4.71 6.91 9.92
Receivable days 120.08 118.81 216.48 110.71 47.67 72.47 76.42 75.38 82.85 87.08 78.62
Inventory Days 0 11.72 42.75 38.85 28.87 54.15 58.75 20.57 55.94 140.78 70.88
Payable days 0 0 6036.63 492.96 124.48 280.25 927.25 730.2 782.31 2394.77 0
PER(x) 455.75 66.21 55.74 14.14 26.02 0 31.1 365.99 30.44 37.97 14.74
Price/Book(x) 3.07 1.64 3.42 2.02 1.58 0.53 0.78 0.97 0.55 1.07 0.89
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 6.09 2.59 9.87 4.92 2.24 1.22 1.59 1.28 0.87 2.74 1.7
EV/Core EBITDA(x) 19.44 11.84 31.2 15.41 9.02 8.38 7.21 8.58 5.99 11.37 5.76
Net Sales Growth(%) 188.2 -12.28 15.79 106.57 88.91 -26.97 -30 0.75 -7.1 -4.43 22.67
EBIT Growth(%) 106.89 -45.36 93.05 128.34 61.31 -63.1 20.92 -37.94 -11.01 74.37 63.64
PAT Growth(%) 261.3 53.96 606.55 174.13 -31.62 -116.72 243.83 -90.51 697.69 72.58 129.92
EPS Growth(%) 154.24 382.09 177.87 171.88 -54.15 -114.59 389.71 -89.51 617.8 61.49 129.01
Debt/Equity(x) 2.09 0.31 0.8 1.3 1.11 0.65 0.47 0.21 0.28 0.54 0.52
Current Ratio(x) 0.9 1.67 2.1 2.41 1.27 1.42 1.62 1.86 2.36 1.95 1.6
Quick Ratio(x) 0.9 1.64 2.03 2.34 1.2 1.29 1.56 1.84 2.07 1.68 1.6
Interest Cover(x) 1.1 1.47 4 1.89 1.45 0.96 1.6 1.42 2.51 2.34 2.8
Total Debt/Mcap(x) 0.68 0.11 0.23 0.64 0.7 1.23 0.59 0.22 0.51 0.51 0.58

The Investment Trust Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.12 72.12 72.12 72.12 72.12 72.12 72.12 72.12 72.12 72.12
FII 6.55 6.55 6.55 6.55 6.64 6.55 6.55 6.55 6.55 6.55
DII 0 0 0 0 0 0 0 0 0 0
Public 21.33 21.33 21.33 21.33 21.24 21.33 21.33 21.33 21.33 21.33
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

The Investment Trust News

The Investment Trust Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Debtor days have improved from 2394.77 to 0days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
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