Industrial Investment Trust Limited is a venerable investment company, established in 1933 and headquartered in Mumbai, India. It is classified as a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC) and functions as an India-based non-banking financial holding company. The company is listed and trades on both the NSE and BSE. Its market capitalization hovers around ₹385-390 crore as of recent reporting dates, with specific figures noted as ₹392.21 crore (May 22, 2025) and ₹403 crore (June 13, 2025).
IITL operates primarily as a holding company, managing investments across its subsidiaries, group companies, and joint ventures. Its core activities encompass diverse investments, including:
- Equity shares (both quoted and unquoted)
- Units of mutual funds
- Fixed deposits with banks
- Government securities
- Inter-corporate deposits and loans to group companies
Investment decisions, loan approvals, and resource deployment are overseen by the Committee of Investments. The company is also involved in private equity, margin funding, and holds significant prime properties.
The operational segments of IITL include:
- Investment activity
- Real estate
- Investment brokerage services
- Others
Furthermore, IITL offers services such as loan against property, lease rental discounting, loan against securities, and provides advisory and consultancy services. The company also actively engages in real estate development and the construction of residential complexes.
The company's recent quarterly financial performance has exhibited mixed results with significant volatility:
- Q2 FY25 (September 2024):
- Net Profit surged by 363.37% to Rs 9.36 crore, up from Rs 2.02 crore in September 2023.
- Sales also saw robust growth of 140.77% to Rs 14.47 crore, compared to Rs 6.01 crore in the prior year period.
- Q3 FY25 (December 2024):
- Contrasting the previous quarter, the company reported a consolidated net loss of Rs 5.16 crore, a significant shift from a net profit of Rs 35.14 crore in December 2023.
- Sales declined to Rs -4.18 crore from Rs 7.40 crore in the same period last year.
Investors should consider the following important financial indicators:
- Market Capitalization: ₹392.21 crore (as of May 22, 2025) / ₹403 crore (as of June 13, 2025)
- 52-Week Range: High ₹444.95; Low ₹143.50 to ₹161.93
- P/E Ratio: 6.05 (Tickertape data) / 100.45 (Business Today data)
- P/B Ratio: 0.91
- ROE (Return on Equity): 15.96% (for the last reported financial year, consolidated basis)
The shareholding pattern indicates a significant concentration among promoters and public investors:
- Promoters: 51.7%
- _Promoters include: N N Financial Services P Ltd and Nimbus India Limited._
- _There is no promoter pledging reported._
- Foreign Institutional Investors (FII): 15.6%
- Domestic Institutional Investors (DII): 1.7%
- Public Shareholders: 31.0%
IITL operates through several subsidiary entities, including:
- IITL Projects Limited (IITLPL)
- IITL Management and Consultancy Private Limited
- IITL Corporate Insurance Services Private Limited
- IITL Marketing Management
In 2010, the company also established IIT Media and Entertainment Private Limited as a wholly-owned subsidiary.
Industrial Investment Trust Limited maintains an almost debt-free status, which contributes positively to its financial stability. However, the company has faced challenges with sales growth, reporting a poor sales growth of -6.79% over the past five years. While one source suggests revenue has grown at a yearly rate of 20.47% over the last 5 years (versus an industry average of 6.19%), this appears to be contradictory to other reported growth figures and warrants further scrutiny.
IITL operates within the Financials sector, specifically the Asset Management sub-sector. Historically, the company has a track record of consistently paying dividends to its shareholders and has made three bonus issues. However, recent data suggests that dividend payments have become inconsistent.
The company's stock has demonstrated considerable volatility. Over the past 3 months, its share price has been more volatile compared to the Indian market. The weekly volatility stands at 9%, which has remained stable over the past year but is still higher than 75% of Indian stocks. In terms of market performance, IITL underperformed the broader Indian Capital Markets industry (which returned 36.3% over the past year). However, it exceeded the performance of the broader Indian Market (which returned 2.2% over the same period).
