The financial performance of India Tourism Development Corporation Ltd shows strong revenue growth in the medium term, but also reveals inconsistencies. Compounded Sales Growth demonstrates a positive trend over the last five years. The increase in sales can be seen in the quarterly results, with sales rising from ₹90 Cr in Mar 2022 to ₹200 Cr in Mar 2025. However, YOY Sales Growth % exhibits volatility, ranging from -28.15% to 71.46% across different quarters. OPM % has fluctuated, with a recent range between 9% and 20%. Net Profit has generally increased, but also shows some volatility. This mixed performance suggests both growth opportunities and areas of instability in the company's financial results.

India Tourism Development Corporation Ltd demonstrates good capital efficiency and returns. The ROCE % has improved significantly, rising from an average of 10% between 2014 and 2020, to 27% in Mar 2023 and 31% in Mar 2024, before settling at 27% in Mar 2025. Similarly, the ROE % has shown improvement, averaging 8% over ten years and 20% over the last three years, with the last year reporting 22%. The Cash Conversion Cycle is negative, indicating efficient working capital management.

The financial health and prudence of India Tourism Development Corporation Ltd appear to be well-managed. The Debt/Equity Ratio is low, as Borrowings are minimal at ₹1 Cr consistently over the past several years. While operating profit consistently covers interest expenses, the Dividend Payout % has varied, with no payouts from Mar 2020 to Mar 2022, but consistent payouts averaging around 31% from Mar 2023 to Mar 2025.

The shareholding and ownership structure of India Tourism Development Corporation Ltd indicates strong promoter confidence. The Promoter Holding has remained consistently high at 87.03% over the past several years. However, Institutional Holding (FII/DII) is relatively low, with FII holding near 0% and DII holding around 1.78% to 2.59%. The number of shareholders has increased significantly from 17,609 in Jun 2022 to 31,151 in Mar 2025.

The balance sheet of India Tourism Development Corporation Ltd indicates a significant reliance on "Other Liabilities," which stood at ₹382 Cr in Mar 2025. These liabilities have fluctuated, increasing from ₹295 Cr in Mar 2014 to ₹676 Cr in Mar 2024 before decreasing to ₹382 Cr in Mar 2025. This category includes Trade Payables and Other liability items. A substantial portion of these liabilities could represent off-balance sheet exposures, potentially impacting the company's financial stability if not managed effectively.

While specific figures for contingent liabilities are not explicitly detailed, the "Other Liabilities" category on the balance sheet, which stood at ₹382 Cr in Mar 2025, requires careful evaluation. Significant fluctuations in this category, peaking at ₹676 Cr in Mar 2024, suggest potential variability in short-term obligations.

Tax percentages have fluctuated from quarter to quarter and year to year. Quarterly tax % has fluctuated widely, from -340% to 62%. Annual tax % has also varied, from 18% to 49%. While not necessarily a red flag, these inconsistencies could warrant further investigation to ensure consistent and transparent accounting practices.

The quarterly results of India Tourism Development Corporation Ltd show notable volatility in sales growth. The YOY Sales Growth % has fluctuated significantly, ranging from -28.15% in Jun 2024 to 71.46% in Mar 2023. Such variability indicates potential instability in different segments of the company's operations.