India Tourism Development Corporation (ITDC) is a Public Sector Undertaking (PSU) under the administrative control of the Ministry of Tourism, Government of India. Incorporated on October 1, 1966, ITDC has been instrumental in the development and promotion of tourism infrastructure in the country. It serves as the prime mover for the progressive development, promotion, and expansion of tourism in India.
Over the years, ITDC has evolved from its initial mandate of developing tourism infrastructure to becoming a comprehensive hospitality, retail, and education company. To adapt to changing market dynamics, ITDC has not only consolidated its existing business areas but also diversified into new service-oriented activities. These include consultancy and execution of tourism and engineering projects, training and education in tourism and hospitality sectors, event management, and the mounting of Sound & Light Shows.
The Corporation provides a one-stop solution for travel, tourism, and hospitality-related needs. Currently, ITDC operates a network that includes 3 Ashok Group of Hotels, 1 Joint Venture Hotel, 1 Restaurant, 4 ATT Units, and 14 Duty-Free Shops at seaports. Additionally, ITDC manages catering services at prestigious locations such as Western Court, Vigyan Bhawan, Hyderabad House, and Parliament House.
ITDC's business operations are supported by several key divisions. These include:
- Hotels Division: Operates flagship properties catering to business and leisure travelers. Notable hotels include Hotel Samrat, Hyderabad House, and Vigyan Bhawan. The Ashok, New Delhi has received the National Tourism Award for providing the best facilities for differently-abled guests and was recognized by MakeMyTrip for its strong performance.
- Ashok Events Division (AED): Manages events and conferences.
- Ashok International Trade Division (AITD): Engages in trade activities.
- Ashok Travels and Tours Division (ATT): Provides travel and tour services.
- Ashok Institute of Hospitality & Tourism Management (AIH&TM): Offers training and education in hospitality.
- Ashok Consultancy & Engineering Services Division (ACES): Provides consultancy and engineering services.
- Sound & Light Show (SEL): Organizes and operates Sound & Light Shows.
As of July 9, 2025, India Tourism Development Corp Ltd (ITDC) has a market capitalization of ₹5,282.97 Crore. The company has demonstrated robust financial performance with significant growth in recent quarters and the full fiscal year.
For the quarter ended March 2025, net profit rose by 151.60% to ₹25.11 crore compared to ₹9.98 crore in the same quarter of the previous year. Sales increased by 41.75% to ₹199.94 crore in the quarter ended March 2025, up from ₹141.05 crore in the previous year.
For the full fiscal year 2025 (ending March 2025), the company maintained its growth trajectory. Net profit increased by 26.24% to ₹81.55 crore, compared to ₹64.60 crore in the previous fiscal year. Sales rose by 12.09% to ₹570.40 crore, up from ₹508.88 crore in the previous fiscal year.
Key financial metrics highlight the company's strong market position:
- Market Cap: ₹5,282.97 Cr (as of July 9, 2025)
- P/E Ratio: 64.78 (as of July 9, 2025)
- 52-Week High: ₹910
- 52-Week Low: ₹467.05
- Dividend Yield: 0.47% (current)
- ROE: 18.01%
The company has delivered good profit growth of 37.4% CAGR over the last 5 years and has been maintaining a healthy dividend payout of 31.8%.
The Authorized Capital of ITDC is ₹150.00 crores, with a Paid-Up Capital of ₹85.77 crores as of March 31, 2024. The shareholding pattern as of March 31, 2024, indicates a strong government backing and a stable ownership structure.
The company maintains a conservative debt profile, being almost debt-free. This financial stability provides ITDC with the flexibility to pursue growth opportunities and navigate economic uncertainties.
ITDC is actively pursuing diversification and modernization strategies. A significant development is the re-entry into operating Duty-Free Shops at airports after a seven-year hiatus, starting with Vizag Airport. This expansion into airport retail is a strategic move to capture higher-margin revenue streams.
The company is also focused on brand rejuvenation and market positioning. ITDC has launched a new mascot, ADYANT, and a fresh tagline aligned with market conditions to foster a stronger connection with current and potential customers. The tagline is "सबसे श्रेष्ठ आतिथ्य की ओर - Travel \* Tourism \* Hospitality."
Environmental sustainability is a core focus. The Ashok hotel has become the first five-star hotel to earn LEED Gold Certification for existing buildings, demonstrating ITDC's commitment to sustainable tourism practices.
ITDC's broad service portfolio positions it well to capitalize on India's growing tourism sector. Its offerings include Ashok Travels & Tours, Sound & Light Shows, Banquets & Events, Catering Units, Consultancy & Engineering Services, and the Institute of Hospitality & Tourism Management. This diversified approach ensures multiple revenue streams and reduces dependency on any single business segment.
Through its comprehensive service offerings, strong government backing, and strategic positioning within India's tourism ecosystem, ITDC continues to play a pivotal role in the country's hospitality and tourism development, delivering value to stakeholders through consistent financial performance and dividend distributions.
