India Tourism Development Corporation Analysis

dividend

Pros

• Dividends paid are covered by earnings (1.7x coverage).
• India Tourism Development's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

• Dividend payments have increased, but India Tourism Development only paid a dividend in the past 8 years.
• India Tourism Development has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
• India Tourism Development's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

Pros

• India Tourism Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• India Tourism Development is profitable, therefore cash runway is not a concern.
• India Tourism Development is profitable, therefore cash runway is not a concern.
• Debt is well covered by operating cash flow (2119.5%, greater than 20% of total debt).
• Debt is covered by short term assets, assets are 356.4x debt.
• India Tourism Development's cash and other short term assets cover its long term commitments.
• The level of debt compared to net worth has been reduced over the past 5 years (1.2% vs 0.5% today).
• India Tourism Development earns more interest than it pays, coverage of interest payments is not a concern.
• India Tourism Development's level of debt (0.5%) compared to net worth is satisfactory (less than 40%).
• Low level of unsold assets.

Cons

management

Pros

• The tenure for the India Tourism Development management team is about average.

Cons

• The average tenure for the India Tourism Development board of directors is less than 3 years, this suggests a new board.

misc

Pros

Cons

• India Tourism Development is not covered by any analysts.
• India Tourism Development has significant price volatility in the past 3 months.

past

Pros

• India Tourism Development's year on year earnings growth rate has been positive over the past 5 years.
• India Tourism Development has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).

Cons

• India Tourism Development's 1-year earnings growth is negative, it can't be compared to the 5-year average.
• India Tourism Development used its assets less efficiently than the IN Hospitality industry average last year based on Return on Assets.
• India Tourism Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
• India Tourism Development's 1-year earnings growth is negative, it can't be compared to the IN Hospitality industry average.

value

Pros

• 532189 outperformed the Hospitality industry which returned -35.6% over the past year.
• BSE:532189 is up 29% outperforming the Hospitality industry which returned 11.5% over the past month.
• BSE:532189 is up 29% outperforming the market in India which returned 8% over the past month.

Cons

• India Tourism Development's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• India Tourism Development's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• India Tourism Development is overvalued based on assets compared to the IN Hospitality industry average.
• India Tourism Development is overvalued based on earnings compared to the IN Hospitality industry average.
• India Tourism Development is overvalued based on earnings compared to the India market.
• 532189 underperformed the Market in India which returned -14.5% over the past year.