ITI Limited Share Price Target 2024, 2025 to 2030

ITI Limited, established in 1948, is a prominent public sector undertaking in the telecommunications technology sector. The company operates multiple manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, alongside an R&D center in Bengaluru and 25 Marketing, Services & Projects (MSP) centers located across India. These centers are situated in major cities such as Bengaluru, Bhubaneshwar, Chennai, Hyderabad, Kolkata, Lucknow, Mumbai, and New Delhi, among others. ITI Limited’s diverse product suite includes Gigabit Passive Optical Network (GPON), Managed Leased Line Network (MLLN) products, Stand Alone Signaling Transfer Point (SSTP), Wi-Fi Access Point, Radio Modem, SMPS, Set Top Box, and various defense products like multi-capacity encryption units, Bulk Encryption Units (BEU), and Terminal End Secrecy Devices (TESD). The company also produces passive infrastructure products, including Optical Fiber Cable, HDPE duct, and Antenna, as well as diversified products such as smart energy meters, smart cards, solar panels, and mini personal computers.

Committed to providing turnkey telecom solutions and customized support, ITI Limited has a dedicated Network System Unit for executing telecommunication network projects. The company focuses on upgrading and investing in technology by acquiring innovations from strategic partners, particularly in high-growth industry segments. ITI Limited operates a data center in Bengaluru, which is being expanded to offer cloud-based services to government institutions, departments, banks, and more. By manufacturing a wide range of Information and Communication Technology (ICT) products and solutions, ITI Limited leverages its extensive telecom expertise and infrastructure to maintain a competitive edge in the convergence market. The company is also diversifying into IoT, smart city projects, and other allied telecom products and services, including turnkey project execution. Notably, ITI Limited excels in encryption products, with significant in-house R&D efforts dedicated to developing encryption solutions for the Indian Defense forces.

Shareholding Patterns of ITI Limited

The shareholding pattern from June 2023 to June 2024, ITI Limited demonstrates a consistent and stable ownership structure. Promoters hold a dominant stake, maintaining a 90.28% share through December 2023, with a slight reduction to 90.00% by March and June 2024. Foreign Institutional Investors (FIIs) exhibit a gradual increase in their holdings from 0.08% in June 2023 to a peak of 0.11% in March 2024, before a slight drop to 0.06% in June 2024. Domestic Institutional Investors (DIIs) also show a modest but steady increase in their holdings from 0.01% in June 2023 to 0.03% in June 2024. The government’s stake remains consistent at 7.61% through December 2023, rising to 7.90% in March and June 2024. Public shareholding fluctuates slightly, starting at 2.01% in June 2023, dipping to 1.97% in March 2024, and returning to 2.01% by June 2024. The number of shareholders has shown significant growth, increasing from 74,754 in June 2023 to 107,468 in June 2024, indicating a growing investor interest in the company.

How to Purchase ITI Limited Shares in India?

Below are the trading platforms that you can use to purchase ITI Limited shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

ITI Limited Share Price Target 2024, 2025 to 2030

ITI Limited Share Price Target 2024

When	Maximum Price	Minimum Price
July 2024	301.00	261.74
August 2024	313.04	272.21
September 2024	325.57	283.10
October 2024	319.18	277.55
November 2024	331.95	288.65
December 2024	335.27	291.54

In 2024, ITI Limited shares are anticipated to show significant price movements. In July 2024, the maximum price is expected to reach ₹301.00, while the minimum price could be ₹261.74. Moving into August 2024, the shares may see a maximum of ₹313.04 and a minimum of ₹272.21. By September 2024, the maximum price might climb to ₹325.57, with the minimum price at ₹283.10. For October 2024, ITI Limited shares are forecasted to have a maximum price of ₹319.18 and a minimum price of ₹277.55. In November 2024, the shares could achieve a maximum of ₹331.95 and a minimum of ₹288.65. Finally, in December 2024, ITI Limited shares are projected to have a maximum price of ₹335.27 and a minimum price of ₹291.54.

ITI Limited Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	338.62	260.48
February 2025	342.04	263.11
March 2025	349.23	268.63
April 2025	345.77	265.97
May 2025	335.70	258.23
June 2025	350.80	269.85
July 2025	343.92	264.56
August 2025	354.56	272.74
September 2025	358.82	276.01
October 2025	368.15	283.19
November 2025	377.35	290.27
December 2025	394.33	303.33

In 2025, ITI Limited is expected to experience notable price fluctuations. In January, the maximum price is anticipated to be ₹338.62, with a minimum of ₹260.48. By December, the maximum price is expected to reach ₹394.33, while the minimum is projected to be ₹303.33.

ITI Limited Share Price Prediction 2026

When	Maximum Price	Minimum Price
January 2026	406.16	312.43
February 2026	396.01	304.62
March 2026	403.93	310.71
April 2026	412.17	317.05
May 2026	408.09	313.91
June 2026	418.29	321.76
July 2026	410.09	315.45
August 2026	422.77	325.21
September 2026	431.23	331.71
October 2026	442.44	340.34
November 2026	453.50	348.85
December 2026	464.84	357.57

ITI Limited Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	469.49	361.14
February 2027	481.52	370.40
March 2027	500.30	384.85
April 2027	490.49	377.30
May 2027	476.21	366.31
June 2027	497.64	382.80
July 2027	487.88	375.29
August 2027	502.97	386.90
September 2027	520.57	400.44
October 2027	534.11	410.85
November 2027	547.46	421.12
December 2027	561.15	431.65

ITI Limited Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	572.37	440.28
February 2028	587.04	451.57
March 2028	609.94	469.18
April 2028	597.98	459.98
May 2028	580.56	446.59
June 2028	606.69	466.68
July 2028	594.79	457.53
August 2028	613.19	471.68
September 2028	634.65	488.19
October 2028	651.15	500.89
November 2028	667.43	513.41
December 2028	684.12	526.24

ITI Limited Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	697.80	536.77
February 2029	715.69	550.53
March 2029	743.60	572.00
April 2029	729.02	560.79
May 2029	707.79	544.45
June 2029	739.64	568.95
July 2029	725.14	557.80
August 2029	747.56	575.05
September 2029	773.73	595.17
October 2029	793.84	610.65
November 2029	813.69	625.92
December 2029	834.03	641.56

ITI Limited Share Price Prediction 2030

When	Maximum Price	Minimum Price
January 2030	850.71	654.39
February 2030	872.53	671.17
March 2030	906.55	697.35
April 2030	888.78	683.68
May 2030	862.89	663.76
June 2030	901.72	693.63
July 2030	884.04	680.03
August 2030	911.38	701.06
September 2030	943.28	725.60
October 2030	967.81	744.47
November 2030	992.00	763.08
December 2030	1,016.80	782.16

In 2030, ITI Limited is expected to see a range of price movements. In January, the maximum price is anticipated to be ₹850.71, with a minimum of ₹654.39. By December, the maximum price is projected to reach ₹1,016.80, while the minimum is expected to be ₹782.16.

Financial Condition of ITI Limited: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,059	2,362	1,861	1,395	1,264
Expenses +	1,913	2,311	1,752	1,549	1,583
Operating Profit	146	51	109	-154	-319
OPM %	7%	2%	6%	-11%	-25%
Other Income +	184	161	255	53	44
Interest	141	160	192	210	241
Depreciation	42	42	51	50	53
Profit before tax	147	11	120	-360	-569
Tax %	0%	0%	0%	0%	0%
Net Profit +	147	11	120	-360	-569
EPS in Rs	1.59	0.12	1.29	-3.79	-5.92
Dividend Payout %	0%	0%	0%	0%	0%

Between March 2020 and March 2024, ITI Limited’s financial performance exhibited notable variability. Sales figures dropped from ₹2,059 crores in March 2020 to ₹1,264 crores in March 2024, while expenses, which were ₹1,913 crores in March 2020, slightly increased to ₹1,583 crores by March 2024. Operating profit, initially at ₹146 crores in March 2020, turned into a loss of ₹319 crores by March 2024, with the Operating Profit Margin (OPM) deteriorating from 7% to -25%, reflecting growing operational challenges.

Additionally, other income declined from ₹184 crores in March 2020 to ₹44 crores in March 2024. Interest expenses rose from ₹141 crores to ₹241 crores over the same period, exacerbating the financial strain. Depreciation expenses remained relatively constant, ranging from ₹42 crores to ₹53 crores. The profit before tax saw a significant decline from ₹147 crores in March 2020 to a loss of ₹569 crores by March 2024, resulting in a net profit drop from ₹147 crores to a loss of ₹569 crores. This decline was reflected in the EPS, which fell from ₹1.59 to -₹5.92, while the dividend payout ratio remained at 0% throughout this year.

FAQS

What is the current share price of ITI Limited?

As of July 20th, 2024, the share price of ITI Limited is around INR ₹292.

What is the expected share price target of ITI Limited by 2024?

Based on various market analyses and expert opinions, the expected share price target of ITI Limited by 2024 is around INR 335.27.

Can ITI Limited share price reach INR 500 by 2025?

It is unlikely for the share price of ITI Limited to reach INR 500 by 2025. Such a target would require a massive and unrealistic growth rate.

What is ITI Limited share price target for 2025?

As per our analysis, ITI Limited in 2025 is expected to trade between ₹258.23 and ₹394.33.

What is ITI Limited share price target for 2030?

As per our analysis, ITI Limited share price target for 2030 would be somewhere between ₹654.39 and ₹1,016.80.

What are the risks associated with investing in ITI Limited shares?

Like any other investment, investing in ITI Limited shares carries some risks, such as market volatility, regulatory changes, and economic downturns.

How can I invest in ITI Limited shares?

You can invest in ITI Limited shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.

What are the growth prospects of ITI Limited?

ITI Limited has a strong market position, a strong business strategy, and a diverse product portfolio, which can help the company sustain its growth in the future.

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Conclusion

In conclusion, ITI Limited’s shareholding patterns from June 2023 to June 2024 reflect a stable and controlled ownership structure. The promoters retain a significant majority stake of around 90%, reinforcing their strong influence over the company’s strategic decisions. The government’s share slightly increases, demonstrating continued support, while foreign and domestic institutional investments remain modest but show a gradual upward trend. Public shareholding exhibits minor fluctuations but ends at a steady 2.01%, accompanied by a notable rise in the number of shareholders. This stable and growing investor base indicates confidence in ITI Limited’s future prospects and its ability to navigate market challenges effectively.

Author: Ashnoor